Greenwich, CT | sothebyshomes.com/0068426
Greenwich Market Update 1st Quarter 2017 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 (3/31/2017)
sothebyshomes.com/0068106
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
2016
$2,329,112
$934,070
2017
$2,525,844
$968,107
% CHANGE
8%
4%
2016
$1,670,000
$755,350
2017
$1,875,000
$750,000
% CHANGE
12%
-1%
2016
87%
91%
2017
85%
93%
% CHANGE
-3%
2%
INVENTORY
SOLD JAN-MAR 2016
SOLD JAN-MAR 2017
% CHANGE 2017 TO 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
26
29
19
31
-27%
7%
37
73
33
45
$1,000,000 - $1,999,999
35
8
48
6
37%
-25%
129
26
122
32
$2,000,000 - $2,999,999
12
1
27
2
125%
100%
98
19
111
16
$3,000,000 - $3,999,999
12
1
12
2
0%
100%
91
5
82
7
$4,000,000 - $4,999,999
4
1
7
-
75%
-100%
53
3
62
3
$5,000,000 - $7,499,999
5
-
8
-
60%
-
92
-
84
-
$7,500,000 - $9,999,999
2
-
2
-
-
-
31
-
35
-
$10,000,000 & Above
2
-
2
-
-
-
45
-
38
-
98
40
125
41
28%
3%
576
126
567
103
TOTALS
2
LAST YEAR (3.31.2016)
THIS YEAR (3.31.2017)
sothebyshomes.com/greenwich
sothebyshomes.com/0068377
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
MEDIAN SALES PRICE AVERAGE SOLD/LIST PRICE DIFFERENCE
UNITS SOLD
SF
CONDO
2016
$2,752,120
$999,638
2017
$2,914,914
$978,586
% CHANGE
6%
-2%
2016
$1,735,000
$797,000
2017
$2,100,000
$768,750
% CHANGE
21%
-4%
2016
85%
91%
2017
83%
92%
% CHANGE
-3%
1%
INVENTORY
SOLD JAN-MAR 2016
SOLD JAN-MAR 2017
% CHANGE 2017 TO 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
14
24
11
20
-21%
-17%
20
58
22
40
$1,000,000 - $1,999,999
17
7
25
6
47%
-14%
64
19
67
26
$2,000,000 - $2,999,999
6
1
14
1
133%
-
65
18
68
16
$3,000,000 - $3,999,999
6
1
9
1
50%
-
68
4
57
7
$4,000,000 - $4,999,999
2
1
6
-
200%
-100%
44
3
44
3
$5,000,000 - $7,499,999
5
-
6
-
20%
-
73
-
65
-
$7,500,000 - $9,999,999
2
-
2
-
-
-
27
-
29
-
$10,000,000 & Above
2
-
2
-
-
-
41
-
34
-
54
34
75
28
39%
-18%
402
102
386
92
TOTALS
LAST YEAR (3.31.2016)
THIS YEAR (3.31.2017)
3
sothebyshomes.com/0068343
NORTH & SOUTH OF PARKWAY 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
NORTH SF
SOUTH SF
2016
$3,152,373
$2,337,132
2017
$3,683,313
$2,925,175
% CHANGE
17%
25%
SOLD JAN-MAR 2017
$3,200,000 $1,665,000
2017
$2,537,500 $2,392,500
% CHANGE
-21%
44%
2016
87%
89%
2017
80%
82%
% CHANGE
-8%
-8%
UNITS SOLD SOLD JAN-MAR 2016
2016
INVENTORY % CHANGE 2017 TO 2016
LAST YEAR (3.31.2016)
THIS YEAR (3.31.2017)
NORTH SF
SOUTH SF
NORTH SF
SOUTH SF
NORTH SF
SOUTH SF
NORTH SF
SOUTH SF
NORTH SF
SOUTH SF
Up to $999,999
1
5
-
2
-100%
-60%
4
4
-
4
$1,000,000 - $1,999,999
4
7
5
10
25%
43%
19
25
14
33
$2,000,000 - $2,999,999
-
2
3
11
-
450%
17
41
19
41
$3,000,000 - $3,999,999
4
1
1
8
-75%
700%
17
48
13
39
$4,000,000 - $4,999,999
-
2
1
4
-
100%
9
29
11
27
$5,000,000 - $7,499,999
1
2
-
5
-100%
150%
23
38
18
34
$7,500,000 - $9,999,999
1
-
1
-
-
-
10
12
15
11
$10,000,000 & Above
-
-
1
-
-
-
19
18
15
15
TOTALS
11
19
12
40
9%
111%
118
215
105
204
4
sothebyshomes.com/greenwich
sothebyshomes.com/0068033
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
2016
$1,302,767
-
2017
$1,285,611
$1,336,667
% CHANGE
-1%
-
2016
$1,175,000
-
2017
$1,240,000
$512,500
% CHANGE
6%
-
2016
91%
-
2017
88%
97%
% CHANGE
-3%
-
INVENTORY
SOLD JAN-MAR 2016
SOLD JAN-MAR 2017
% CHANGE 2017 TO 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
6
-
6
4
-
-
5
13
4
2
$1,000,000 - $1,999,999
8
-
10
-
25%
-
30
3
23
4
$2,000,000 - $2,999,999
1
-
2
1
100%
-
9
1
6
-
$3,000,000 - $3,999,999
-
-
-
1
-
-
7
1
5
-
$4,000,000 - $4,999,999
-
-
-
-
-
-
-
-
2
-
$5,000,000 - $7,499,999
-
-
-
-
-
-
1
-
-
-
$7,500,000 - $9,999,999
-
-
-
-
-
-
-
-
-
-
$10,000,000 & Above
-
-
-
-
-
-
-
-
-
-
15
-
18
6
20%
-
52
18
40
6
TOTALS
LAST YEAR (3.31.2016)
THIS YEAR (3.31.2017)
5
sothebyshomes.com/0068416
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
2016
$2,002,321
$625,050
2017
$2,260,216
$701,750
% CHANGE
13%
12%
2016
$1,600,000
$625,050
2017
$1,880,000
$701,750
% CHANGE
18%
12%
2016
92%
97%
2017
92%
91%
% CHANGE
-1%
-6%
INVENTORY
SOLD JAN-MAR 2016
SOLD JAN-MAR 2017
% CHANGE 2017 TO 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
2
2
1
2
-50%
-
6
-
7
1
$1,000,000 - $1,999,999
5
-
8
-
60%
-
26
-
19
-
$2,000,000 - $2,999,999
3
-
6
-
100%
-
11
-
16
-
$3,000,000 - $3,999,999
3
-
1
-
-67%
-
9
-
8
-
$4,000,000 - $4,999,999
1
-
1
-
0%
-
6
-
8
-
$5,000,000 - $7,499,999
-
-
1
-
-
-
8
-
11
-
$7,500,000 - $9,999,999
-
-
-
-
-
-
2
-
4
-
$10,000,000 & Above
-
-
-
-
-
-
3
-
4
-
14
2
18
2
29%
-
71
0
77
1
TOTALS
6
LAST YEAR (3.31.2016)
THIS YEAR (3.31.2017)
sothebyshomes.com/greenwich
sothebyshomes.com/0068447
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
2016
$2,137,633
$531,250
2017
$2,377,643
$573,700
% CHANGE
11%
8%
2016
$1,795,000
$330,000
2017
$2,137,500
$585,000
% CHANGE
19%
77%
2016
91%
99%
2017
88%
97%
% CHANGE
-4%
-1%
INVENTORY
SOLD JAN-MAR 2016
SOLD JAN-MAR 2017
% CHANGE 2017 TO 2016
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
SF
CONDO
Up to $999,999
4
3
1
5
-75%
67%
6
2
-
2
$1,000,000 - $1,999,999
5
1
5
-
-
-100%
9
4
13
2
$2,000,000 - $2,999,999
2
-
5
-
150%
-
13
-
21
-
$3,000,000 - $3,999,999
3
-
2
-
-33%
-
7
-
12
-
$4,000,000 - $4,999,999
1
-
-
-
-100%
-
3
-
8
-
$5,000,000 - $7,499,999
-
-
1
-
-
-
10
-
8
-
$7,500,000 - $9,999,999
-
-
-
-
-
-
2
-
2
-
$10,000,000 & Above
-
-
-
-
-
-
1
-
-
-
15
4
14
5
-7%
25%
51
6
64
4
TOTALS
LAST YEAR (3.31.2016)
THIS YEAR (3.31.2017)
7
celebrating an e xt rao r d ina ry ye a r In 2016, the Sotheby’s International Realty network achieved the highest annual sales volume performance in the history of the brand.
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