Greenwich, CT | Web ID:0067882
Greenwich Market Update Year End 2015 GREENWICH BROKERAGE One Pickwick Plaza Greenwich, CT 06830 t. 203.869.4343
sothebyshomes.com/greenwich
All figures in this document are as reported by the Greenwich MLS (12/31/15)
A MESSAGE FROM OUR MANAGER: Pam Pagnani According to the Greenwich Multiple Listing System, the number of single-family homes and condominiums sold in Greenwich town wide in 2015 increased 2% compared to the prior year, from 793 units to 809 units. Drilling down and looking at the closed transactions of single-family homes, the number of closed units priced between $1 million and $2 million increased 25.4% town wide in 2015, and each section of town experienced an increase in the number of units sold in this price range. The highest increases were recorded north of the Parkway and in Old Greenwich. The upper end of the market is concentrated more in Mid-Country and the waterfront areas, rather than the Back Country this past year. As part of this trend, Sotheby’s International Realty handled a transaction, representing both the seller and the buyer, in a gated waterfront community for just under $20 million, one of the highest sales in 2015. In the fourth quarter of 2015, the average sales price of condominiums increased by 13.7% when compared to the same time last year, while single-family homes town wide decreased by 9.8%. Inventory of single-family homes increased by 10% at the end of 2015 compared with the prior year, while inventory of town wide condominiums increased 6.5%. Sotheby’s International Realty and our global network of offices throughout the world look forward to the opportunity of representing both sellers and buyers in all price ranges. In addition, a special thanks to those of you who entrusted us with the sale or purchase of your home this past year. Wishing you much happiness in the New Year! All figures in this document are as reported by the Greenwich MLS (12/31/15)
FEATURED LISTINGS
25 PECKSLAND ROAD | Web ID: 0067642 | $4,495,000 Greenwich Brokerage | Joseph Barbieri | 203.618.3112
7 WYCKHAM HILL LANE | Web ID: 0067737 | $9,825,000 Greenwich Brokerage | Shelly Tretter Lynch & Steven Magnuson | 203.618.3103
7 LITTLE COVE | Web ID: 0067500 | $6,995,000 Greenwich Brokerage | Carol Clarke | 203.618.3174
7 STEEPLE CHASE ROAD | Web ID: 0067513 | $1,695,000 Greenwich Brokerage | Edward Mortimer | 203.618.3160
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Real estate agents affiliated with Sotheby’s International Realty, Inc.® are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc.
Web: 0067047
TOWNWIDE Greenwich, the gateway to New England, is a terrific place to live and enjoy life. The town is comprised of several villages or hamlets, each with its own unique character, and many with roots dating back to the pre-Revolutionary War era. Residents of our premier community revel in its parks, beaches and sailing on Long Island Sound; Backcountry horseback riding and hiking among other outdoor activities; terrific public and private schools and a sophisticated social scene. With its easy and convenient access to New York City, either by train or car, Greenwich continues to be one of the best towns in America.
AVERAGE SALES PRICE
MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
SF
CONDO
2014
$2,690,660
$864,428
2015
$2,425,815
$982,956
% CHANGE
-9.8%
13.7%
2014
$1,881,500
$683,500
2015
$1,860,000
$720,000
% CHANGE
-1.1%
5.3%
2014
86.3%
91.0%
2015
90.0%
93.4%
% CHANGE
4.3%
2.6%
INVENTORY
SOLD JAN-DEC 2014
SOLD JAN-DEC 2015
% CHANGE 2014 TO 2015
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
138
137
107
147
-22.5%
7.3%
30
52
30
66
$1,000,000 - $1,999,999
181
39
227
45
25.4%
15.4%
80
21
85
15
$2,000,000 - $2,999,999
126
6
113
12
-10.3% 100.0%
67
9
81
7
$3,000,000 - $3,999,999
70
2
65
4
-7.1%
100.0%
51
4
69
5
$4,000,000 - $4,999,999
31
1
33
2
6.5%
100.0%
46
4
47
4
$5,000,000 - $7,499,999
35
1
39
-
11.4%
-
67
2
64
1
$7,500,000 - $9,999,999
11
-
10
-
-9.1%
-
19
-
27
-
$10,000,000 & Above
15
-
5
-
-66.7%
-
46
-
44
-
607
186
599
210
-1.3%
12.9%
406
92
447
98
TOTALS
LAST YEAR (12.31.2014)
THIS YEAR (12.31.2015)
3
Web: 0067841
GREENWICH On scenic Long Island Sound, just 30 miles from midtown Manhattan, Greenwich, Connecticut is a vibrant cosmopolitan community considered among the most desirable in the nation. Founded in 1640, this historic town retains its natural beauty and picturesque charm, encompassing some 50 square miles stretching from the rolling hills, woodlands and meadows of the backcountry to 32 miles of shoreline on the Sound.
AVERAGE SALES PRICE
SF
CONDO
2014
$3,204,172
$957,018
2015
$2,826,058 $1,078,539
% CHANGE
MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
-11.8%
12.7%
2014
$2,105,000
$755,000
2015
$2,093,000
$816,500
% CHANGE
-0.6%
8.1%
2014
83.8%
90.6%
2015
88.4%
93.2%
% CHANGE
5.3%
2.9%
INVENTORY
SOLD JAN-DEC 2014
SOLD JAN-DEC 2015
% CHANGE 2014 TO 2015
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
73
91
57
101
-21.9%
11.0%
15
42
17
55
$1,000,000 - $1,999,999
87
34
95
41
9.2%
20.6%
50
20
38
10
$2,000,000 - $2,999,999
67
6
54
11
-19.4%
83.3%
49
8
56
6
$3,000,000 - $3,999,999
39
2
43
4
10.3%
100.0%
35
4
45
5
$4,000,000 - $4,999,999
22
1
23
2
4.5%
100.0%
36
4
43
4
$5,000,000 - $7,499,999
30
1
32
-
6.7%
-
58
2
53
1
$7,500,000 - $9,999,999
9
-
10
-
11.1%
-
18
-
24
-
$10,000,000 & Above
13
-
4
-
-69.2%
-
43
-
41
-
340
135
318
159
-6.5%
17.8%
304
80
317
81
TOTALS
4
LAST YEAR (12.31.2014)
THIS YEAR (12.31.2015)
sothebyshomes.com/greenwich
Web: 0067334
NORTH & SOUTH OF PARKWAY
NORTH SF
Situated north of the Merritt Parkway, the backcountry offers large luxury Greenwich real estate and properties amid extraordinarily beautiful countryside, with four-acre zoning throughout much of the area and extensive open space preserved through the efforts of the Greenwich Land Trust and other conservation organizations. North of Parkway of Greenwich offers a truly unique locale, a pastoral haven less than 35 miles from Manhattan. South of the Merritt Parkway, South of Parkway of Greenwich enjoys a country-like setting with Greenwich real estate on zoning ranges from one to two acres in size. Protected conservation land adds to its ambiance, and scenic riding trails are ideal for the equestrian enthusiast.
AVERAGE SALES PRICE
MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE
$4,200,826 $3,146,766
2015
$2,818,837
$3,405,687
% CHANGE
-32.9%
8.2%
SOLD JAN-DEC 2015
2014
$2,750,000 $2,604,000
2015
$2,000,000 $2,800,000
% CHANGE
-27.3%
7.5%
2014
84.6%
89.6%
2015
84.9%
88.9%
% CHANGE
0.3%
-0.8%
UNITS SOLD SOLD JAN-DEC 2014
SOUTH SF
2014
INVENTORY % CHANGE 2014 TO 2015
LAST YEAR (12.31.2014)
THIS YEAR (12.31.2015)
NORTH SF
SOUTH SF
NORTH SF
SOUTH SF
NORTH SF
SOUTH SF
NORTH SF
SOUTH SF
NORTH SF
SOUTH SF
Up to $999,999
4
11
5
10
25.0%
-9.1%
1
1
3
4
$1,000,000 - $1,999,999
14
40
26
43
85.7%
7.5%
21
17
10
14
$2,000,000 - $2,999,999
10
51
10
37
0.0%
-27.5%
18
20
12
32
$3,000,000 - $3,999,999
8
28
7
33
-12.5%
17.9%
15
17
14
25
$4,000,000 - $4,999,999
6
14
5
15
-16.7%
7.1%
13
17
12
26
$5,000,000 - $7,499,999
3
16
8
17
166.7%
6.3%
22
29
24
21
$7,500,000 - $9,999,999
1
7
2
6
100.0% -14.3%
8
10
11
10
$10,000,000 & Above
7
3
-
4
-100.0% 33.3%
26
10
20
16
53
170
63
165
124
121
106
148
TOTALS
18.9%
-2.9%
5
Web: 0067868
RIVERSIDE Riverside’s extensive shoreline on the river, harbor, and Long Island Sound contribute to its appeal as a desirable waterfront community with terrific Greenwich houses. It is closely linked to the neighboring village of Old Greenwich, and also lies within easy reach of the railroad station, making Riverside properties ideal for commuters to New York City.
AVERAGE SALES PRICE
MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
SF
CONDO
2014
$2,000,920
$695,643
2015
$2,275,811
$697,250
% CHANGE
13.7%
0.2%
2014
$1,862,500
$692,000
2015
$1,903,500
$649,500
% CHANGE
2.2%
-6.1%
2014
92.5%
93.4%
2015
91.4%
98.9%
% CHANGE
-1.2%
5.9%
INVENTORY
SOLD JAN-DEC 2014
SOLD JAN-DEC 2015
% CHANGE 2014 TO 2015
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
22
7
18
4
-18.2%
-42.9%
3
-
8
-
$1,000,000 - $1,999,999
32
-
43
-
34.4%
-
5
-
10
-
$2,000,000 - $2,999,999
23
-
30
-
30.4%
-
9
-
9
-
$3,000,000 - $3,999,999
13
-
13
-
0.0%
-
8
-
8
-
$4,000,000 - $4,999,999
4
-
6
-
50.0%
-
6
-
3
-
$5,000,000 - $7,499,999
2
-
3
-
50.0%
-
6
-
8
-
$7,500,000 - $9,999,999
-
-
-
-
-
-
1
-
1
-
$10,000,000 & Above
-
-
1
-
-
-
3
-
2
-
96
7
114
4
18.8%
-42.9%
41
-
49
-
TOTALS
6
LAST YEAR (12.31.2014)
THIS YEAR (12.31.2015)
sothebyshomes.com/greenwich
Web: 0067734
OLD GREENWICH The town’s origins are traced to the historic village of Old Greenwich, which today preserves the charm of a gracious New England community with classic Colonial Old Greenwich homes and beautiful waterfront properties. Old Greenwich offers an intimate shopping district, and lies within walking distance of scenic Greenwich Point with its fine town beach, park and boating facilities. The convenient railroad station gives easy access to midtown Manhattan, approximately 45 minutes away.
AVERAGE SALES PRICE
MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
SF
CONDO
2014
$2,573,710
$476,557
2015
$2,027,969
$567,542
% CHANGE
-21.2%
19.1%
2014
$2,127,500
$361,500
2015
$1,700,000
$478,750
% CHANGE
-20.1%
32.4%
2014
91.1%
94.0%
2015
93.0%
97.1%
% CHANGE
2.1%
3.3%
INVENTORY
SOLD JAN-DEC 2014
SOLD JAN-DEC 2015
% CHANGE 2014 TO 2015
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
16
21
13
23
-18.8%
9.5%
3
5
3
1
$1,000,000 - $1,999,999
29
1
52
1
79.3%
0.0%
13
-
9
3
$2,000,000 - $2,999,999
29
-
21
-
-27.6%
-
4
-
11
-
$3,000,000 - $3,999,999
18
-
7
-
-61.1%
-
7
-
12
-
$4,000,000 - $4,999,999
5
-
4
-
-20.0%
-
4
-
1
-
$5,000,000 - $7,499,999
3
-
4
-
33.3%
-
2
-
3
-
$7,500,000 - $9,999,999
2
-
-
-
-100.0%
-
-
-
2
-
$10,000,000 & Above
2
-
-
-
-100.0%
-
-
-
1
-
104
22
101
24
-2.9%
9.1
33
5
42
4
TOTALS
LAST YEAR (12.31.2014)
THIS YEAR (12.31.2015)
7
Web: 0067607
COS COB Situated just east of Central Greenwich, Cos Cob reaches from the charming village center out to one and two acre properties in quiet, country settings. The scenic Mianus River offers an extensive waterfront with marinas and rowing facilities. The Montgomery Pinetum and Mianus River Park offer over 200 acres of natural parkland for hiking and exploring.
AVERAGE SALES PRICE
MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
SF
CONDO
2014
$1,254,599
$737,841
2015
$1,365,294
$805,346
% CHANGE
8.8%
9.1%
2014
$1,178,000
$593,500
2015
$1,250,000
$649,00
% CHANGE
6.1%
9.4%
2014
92.4%
92.2%
2015
96.2%
91.9%
% CHANGE
4.1%
-0.3%
INVENTORY
SOLD JAN-DEC 2014
SOLD JAN-DEC 2015
% CHANGE 2014 TO 2015
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
27
18
19
19
-29.6%
5.6%
9
5
2
10
$1,000,000 - $1,999,999
33
4
37
3
12.1%
-25.0%
12
1
28
2
$2,000,000 - $2,999,999
7
-
8
1
14.3%
-
5
1
5
1
$3,000,000 - $3,999,999
-
-
2
-
-
-
1
-
4
-
$4,000,000 - $4,999,999
-
-
-
-
-
-
0
-
-
-
$5,000,000 - $7,499,999
-
-
-
-
-
-
1
-
-
-
$7,500,000 - $9,999,999
-
-
-
-
-
-
-
-
-
-
$10,000,000 & Above
-
-
-
-
-
-
-
-
-
-
67
22
66
23
-1.5%
4.5%
28
7
39
13
TOTALS
8
LAST YEAR (12.31.2014)
THIS YEAR (12.31.2015)
sothebyshomes.com/greenwich
The intellectual property to sell yours.
GREENWICH, CT | Web: 0067851 | $14,250,000 | Helene Barre | 203.618.3123
With our long history of representing the rare and the beautiful, we’ve learned a thing or two about the art of selling. And the science. We’ve built a global network of proprietary resources and privileged relationships unrivaled in the industry. And it is our pleasure to put these resources to work for you.
GREENWICH BROKERAGE | One Pickwick Plaza | Greenwich, CT 06830 | +1.203.869.4343
SothebysHomes.com
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal Housing Opportunity.
SIGNIFICANT SALES | 2015
MODERN ELEGANCE ON LONG ISLAND SOUND Greenwich Brokerage | Joseph Barbieri | 203.618.3112
TACONIC ROAD Greenwich Brokerage | Barbara O’Shea | 203.618.3134
ANDREWS FARM Greenwich Brokerage | Bill Andruss | 203.618.3101
SOUTH OF OLD GREENWICH VILLAGE Greenwich Brokerage | Daphne Lamsvelt-Pol | 203.391.4846
AUCTION CALENDAR FEB | MAR | APR | MAY 2016
Paul Gauguin | Nature morte aux mangos et à la fleur d’hibiscus Estimate £2-3m
RM Sotheby’s: Paris Paris 03 Feb
Watches London 08 Mar
Impressionist & Modern Art Evening Sale London 03 Feb
Important Ceramics by Pablo Picasso London 05 Ap
Contemporary Art Evening Auction London 10 Feb
20th Century Art / Middle East London 18 Apr
Finest & Rarest Wines New York 27 Feb
Orfèvrerie, Boîtes en Or et Objets de Vitrine Paris 04 May
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FEATURED LISTINGS
EXCEPTIONAL GREENWICH ESTATE Web ID: 0067611 | $15,250,000 Exceptional, Mid-Country estate encompasses over five private acres of spectacular gardens, grand specimen trees and sweeping lawns. The pre-war stone, stucco and timbers English manor house has been completely and masterfully renovated to the highest standards. Many special amenities include a fabulous guest house, heated pool with spa and tennis court. Brad Hvolbeck & MJ Bates Hvolbeck 203.618.3110
DOUBLING ROAD Web ID: 0067692 | $14,000,000 This magnificent cut stone English manor was designed in 1916 by Carrere and Hastings, and has been beautifully maintained and cared for over the years. Elegant detail and woodwork all the hallmarks throughout the gracious interior. Set on approx. 5.2 parklike acres with beautiful pool and sunken tennis court. Heather Platt | 203.983.3802
SOPHISTICATED COUNTRY HOUSE Web ID: 0067369 | $3,975,000 Beautifully renovated Colonial with 5 bedrooms, 4 bathrooms and 2 half bathrooms on 4+ acres with wonderful gardens, heated pool. Offered for the first time in over ten years. Brad Hvolbeck | 203.618.3110