Greenwich Market Update | Q1 2014

Greenwich, CT | web: 0066419

Greenwich Market Update First Quarter 2014 GREENWICH BROKERAGE One Pickwich Plaza Greenwich, CT 06830 t. 203.869.4343

sothebyshomes.com

All figures in this document are as reported by the Greenwich MLS (03/31/14)

A MESSAGE FROM OUR MANAGER: Pam Pagnani Welcome Spring! Despite the long, cold winter weather, the Greenwich market was up by 25.6 percent in volume from last year’s first quarter. These gains were driven by sales within the Greenwich single-family house market, with the strong sales increases in the $3 to $5 million dollar range. Buyers are moving up.

The $1 to $3 million price range continues to be the lion’s share of sales in Greenwich market, accounting for nearly 52 percent of all single family home sales. Demand continues to be extraordinarily strong in both Riverside and Old Greenwich, exemplified by the fact that average days on the market was almost 30 percent lower than average days on the market in Greenwich market.

Sotheby’s International Realty represented both sides of every single family home transaction over $10 million in the Greenwich market during the first quarter of 2014. Notably, all these transactions were located north of the Merritt Parkway, indicating a returned interest in country estates and properties.

We hope 2014 is a healthy and prosperous year for all of you and invite you to contact us with your real estate needs.

We look forward to working with you.

ABOUT OUR AREA Greenwich, the gateway to New England, is a terrific place to live and enjoy. 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.

FEATURED LISTINGS

CLASSIC COUNTRY ESTATE | Web ID: 0066935 | $5,750,000 Greenwich Brokerage | Barbara O’Shea | 203.618.3134

DEER PARK | Web ID: 0067024 | $5,575,000 Greenwich Brokerage | Alice Duff | 212.618.3132

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.

SIGNIFICANT SALES | Q1 2014

EXQUISITE COUNTRY ESTATE Greenwich Brokerage | Yuka Kominami | 203.983.3823

ROUND HILL ESTATE Greenwich Brokerage | Shelly T. Lynch & Cate Keeney | 203.869.4343

WATERFRONT RETREAT Greenwich Brokerage | Carol Clarke | 212.618.3174

RIVERSIDE MAGIC Greenwich Brokerage | Sandy Shaw | 203.618.3105

SINGLE FAMILY HOMES

TOWN WIDE 2014 FIRST QUARTER CLOSED SALES PRICE RANGE

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

30

22

17

-22.7%

$1,000,000 - $3,000,000

39

47

50

6.4%

$3,000,000 - $5,000,000

10

13

20

53.8%

$5,000,000 - $7,500,000

6

8

7

-12.5%

$7,500,000 - $10,000,000

3

1

0

-100.0%

$10,000,000 & above

1

0

3

-

89

91

97

6.6%

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

166

171

124

-27.5%

$1,000,000 - $3,000,000

155

197

134

-32.0%

$3,000,000 - $5,000,000

128

211

237

12.3%

$5,000,000 - $7,500,000

93

454

303

-33.3%

$7,500,000 - $10,000,000

155

447

-

-

$10,000,000 & above

129

-

413

-

151

218

174

-20.2%

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

87

41

45

9.8%

$1,000,000 - $3,000,000

199

176

180

2.3%

$3,000,000 - $5,000,000

107

109

94

-13.8%

$5,000,000 - $7,500,000

73

59

70

18.6%

$7,500,000 - $10,000,000

40

27

25

-7.4%

$10,000,000 & above

44

44

44

0%

550

456

458

0.4%

TOTAL

AVERAGE DAYS ON MARKET PRICE RANGE

AVERAGE

ACTIVE INVENTORY PRICE RANGE

TOTAL

YEAR 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

AVERAGE SALE PRICE

MEDIAN SALE PRICE

$2,445,759 $2,978,693 $2,766,123 $2,903,705 $2,544,615 $2,257,573 $2,727,345 $2,245,474 $2,261,171 $2,664,347

$1,830,000 $2,297,500 $2,150,000 $1,975,000 $1,806,250 $1,337,500 $1,962,500 $1,420,000 $1,810,000 $2,175,000

sothebyshomes.com/greenwich

$3,500,000 $3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Median Sales Price

Average Sales Price

4

TOWN WIDE

CONDOMINUMS AND COOPERATIVES 2014 FIRST QUARTER CLOSED SALES PRICE RANGE

2012

2013

2014

% Change (2014 v 2013)

19

26

25

-4.0%

$1,000,000 - $2,000,000

1

5

6

20.0%

$2,000,000 - $4,000,000

2

1

-

-

$4,000,000 & above

-

-

1

-

22

32

32

0.0%

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

221

158

181

14.6%

$1,000,000 - $2,000,000

259

240

147

-38.8%

$2,000,000 - $4,000,000

111

49

-

-

-

-

392

-

213

167

181

8.4%

2012

2013

2014

% Change (2014 v 2013)

$526,184

$466,868

$550,180

17.8%

Up to $1,000,000

TOTAL

AVERAGE DAYS ON MARKET PRICE RANGE

$4,000,000 & above

AVERAGE

AVERAGE SALES PRICE PRICE RANGE Up to $1,000,000 $1,000,000 - $2,000,000

$1,100,000

$1,169,000

$1,159,000

-0.9%

$2,000,000 - $4,000,000

$2,837,500

$3,700,000

-

-

-

-

$4,000,000

-

$762,386

$677,612

$772,141

14.0%

$4,000,000 & above

TOTAL

ACTIVE INVENTORY SINGLE FAMILY HOMES

CONDOS

200

80

180

70

160

60

140 120

50

100

40

80

30

60

20

40

10

20 0

5

<$1

$1-3

$3-5

$5-7.5

$7.5-10

$10+

0

up to $1

$1 to $2

$2 to $4

$4+

SINGLE FAMILY HOMES

GREENWICH 2014 FIRST QUARTER CLOSED SALES PRICE RANGE

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

14

13

10

-23.1%

$1,000,000 - $3,000,000

22

19

27

42.1%

$3,000,000 - $5,000,000

5

8

12

50.0%

$5,000,000 - $7,500,000

3

7

5

-28.6%

$7,500,000 - $10,000,000

2

1

0

-100.0%

$10,000,000 & above

1

-

3

-

47

48

57

18.8%

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

140

184

126

-31.5%

$1,000,000 - $3,000,000

160

244

149

-38.9%

$3,000,000 - $5,000,000

176

224

288

28.6%

$5,000,000 - $7,500,000

129

513

394

-23.2%

$7,500,000 - $10,000,000

92

447

-

-

$10,000,000 & above

129

-

413

-

150

268

209

-22.0%

TOTAL

AVERAGE DAYS ON MARKET PRICE RANGE

TOTAL

YEAR 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

AVERAGE SALE PRICE

MEDIAN SALE PRICE

$4,000,000

$2,875,108 $3,697,797 $3,183,443 $3,549,698 $3,048,846 $2,873,904 $3,301,584 $2,461,175 $2,678,257 $2,839,916

$2,250,000 $3,150,000 $2,725,000 $2,562,000 $2,850,000 $1,750,000 $2,225,000 $1,600,000 $1,950,000 $2,260,000

$3,500,000

sothebyshomes.com/greenwich

$3,000,000 $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Median Sales Price

Average Sales Price

6

RIVERSIDE

SINGLE FAMILY HOMES 2014 FIRST QUARTER CLOSED SALES PRICE RANGE

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

5

4

2

-50.0%

$1,000,000 - $3,000,000

9

11

10

-9.1%

$3,000,000 - $5,000,000

2

3

5

66.7%

$5,000,000 - $7,500,000

3

1

2

100.0%

$7,500,000 - $10,000,000

-

-

-

-

$10,000,000 & above

-

-

-

-

19

19

19

0.0%

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

204

90

221

145.6%

$1,000,000 - $3,000,000

113

174

141

-19.0%

$3,000,000 - $5,000,000

111

192

163

-15.1%

$5,000,000 - $7,500,000

56

39

76

94.9%

$7,500,000 - $10,000,000

-

-

-

-

$10,000,000 & above

-

-

-

-

128

152

148

-2.6%

TOTAL

AVERAGE DAYS ON MARKET PRICE RANGE

TOTAL

YEAR 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

7

AVERAGE SALE PRICE

MEDIAN SALE PRICE

$6,000,000

$1,964,262 $1,726,237 $2,175,650 $2,989,533 $5,375,000 $2,059,922 $1,913,143 $2,244,500 $1,877,738 $2,630,079

$1,665,500 $1,600,000 $1,880,000 $1,950,000 $5,375,000 $1,500,000 $907,500 $1,339,000 $1,167,500 $2,300,000

$5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Median Sales Price

Average Sales Price

SINGLE FAMILY HOMES

OLD GREENWICH 2014 FIRST QUARTER CLOSED SALES PRICE RANGE

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

4

1

4

300.0%

$1,000,000 - $3,000,000

6

13

6

-53.8%

$3,000,000 - $5,000,000

1

2

3

50.0%

$5,000,000 - $7,500,000

-

-

-

-

$7,500,000 - $10,000,000

1

-

-

-

$10,000,000 & above

-

-

-

-

12

16

13

-18.8%

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

111

66

78

18.2%

$1,000,000 - $3,000,000

195

145

104

-28.3%

$3,000,000 - $5,000,000

19

188

157

-16.5%

$5,000,000 - $7,500,000

-

-

-

-

$7,500,000 - $10,000,000

282

-

-

-

-

-

-

-

159

146

108

-26.0%

TOTAL

AVERAGE DAYS ON MARKET PRICE RANGE

$10,000,000 & above

TOTAL

YEAR 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

AVERAGE SALE PRICE

MEDIAN SALE PRICE

$3,000,000

$2,068,778 $2,294,039 $2,433,547 $1,819,213 $1,256,500 $1,663,809 $1,980,133 $2,272,458 $1,991,160 $1,890,769

$1,850,000 $2,295,000 $2,037,500 $1,647,500 $1,025,000 $1,151,250 $1,800,000 $1,778,750 $1,880,278 $1,225,000

$2,500,000

sothebyshomes.com/greenwich

$2,000,000 $1,500,000 $1,000,000 $500,000 $0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Median Sales Price

Average Sales Price

8

COS COB

SINGLE FAMILY HOMES 2014 FIRST QUARTER CLOSED SALES PRICE RANGE

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

7

4

1

-75.0%

$1,000,000 - $3,000,000

2

4

7

75.0%

$3,000,000 - $5,000,000

2

-

-

-

$5,000,000 - $7,500,000

-

-

-

-

$7,500,000 - $10,000,000

-

-

-

-

$10,000,000 & above

-

-

-

-

11

8

8

0.0%

2012

2013

2014

% Change (2014 v 2013)

Up to $1,000,000

223

233

93

-60.1%

$1,000,000 - $3,000,000

171

201

92

-54.2%

$3,000,000 - $5,000,000

80

-

-

-

$5,000,000 - $7,500,000

-

-

-

-

$7,500,000 - $10,000,000

-

-

-

-

$10,000,000 & above

-

-

-

-

188

217

92

-57.6%

TOTAL

AVERAGE DAYS ON MARKET PRICE RANGE

TOTAL

YEAR 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

9

AVERAGE SALE PRICE

MEDIAN SALE PRICE

$2,500,000

$1,404,659 $1,725,417 $1,995,335 $1,134,150 $1,582,083 $997,792 $1,198,929 $1,296,090 $1,209,338 $1,458,125

$1,200,000 $1,307,500 $1,571,345 $1,012,500 $1,421,250 $956,000 $1,212,500 $847,500 $960,000 $1,225,000

$2,000,000 $1,500,000 $1,000,000 $500,000 $0

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Median Sales Price

Average Sales Price

ON THE MARKET

left to right from top to bottom:

IN METROPOLITAN MARKETS SAN FRANCISCO, CA | Web: 0086643 | $2,995,000 HOUSTON, TX | Web: 1230207 | $3,295,000 NEW YORK, NY | Web: 0137101 | $2,500,000 IN RESORT MARKETS EAST HAMPTON, NY | Web: 0056005 | $2,750,000 PEBBLE BEACH, FL | Web: 0473601 | $2,690,000 EAST FALMOUTH, MA | Web: 0840564 | $2,595,000 IN FOREIGN MARKETS THAILAND | Web: V7QZ6W | $3,859,216 GREECE | Web: SMZVGF | Price Upon Request FRANCE | Web: PJ7HYY | Price Upon Request sothebysrealty.com

Auction & Exhibition Calendar 2014

16 29

NEW YORK APRIL A Modern Library: The Gordon Waldorf Collection John James Audubon: The Birds of America, The Viviparous Quadrupeds of North America The Inventive Eye: Photographs from a Private Collection Photographs Important Russian Works of Art, European Silver, and Vertu American Paintings, Drawings & Sculpture Magnificent Jewels

1 8 9 16 29 29 30

LONDON APRIL Made in Britain The Orientalist Sale Arts of the Islamic World Finest and Rarest Wines Furniture Collections Travel, Atlases, Maps & Natural History Old Master & British Paintings

1 1

2 8

SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. AN EQUAL OPPORTUNITY COMPANY. EQUAL HOUSING OPPORTUNITY. EACH OFFICE IS INDEPENDENTLY OWNED AND OPERATED.

© MMXIV SOTHEBY’S INTERNATIONAL REALTY AFFILIATES LLC. ALL RIGHTS RESERVED. SOTHEBY’S INTERNATIONAL REALTY® IS A REGISTERED TRADEMARK LICENSED TO

1

1

PARIS APRIL Picasso and the Nude: Fifty Drawings from the Marina Picasso Collection

Shown Above Left: WILLARD LEROY METCALF (1858 – 1925) A SEASIDE PASTURE SIGNED W L METCALF (LOWER LEFT) OIL ON CANVAS PAINTED IN 1910.

26 BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com.

FEATURED LISTINGS

BRAEBURN Web ID: 0065759 | $7,100,000 A classic Backcountry estate on nearly 6 acres of sweeping open lawns. The first time on the market in over 35 years.

Greenwich Brokerage Barbara K. Daly | 203.618.3171

GRAND IN OLD GREENWICH Web ID: 0066845 | $3,575,000 Close to the beach and Village. 5 bedrooms and 7 bathrooms on .39 acres.

Greenwich Brokerage Edward Mortimer | 203.618.3160

LUXURIOUS DOWNTOWN LIVING Web ID: 0066419 | $4,900,000 Beautiful traditional Georgian architecture is embodied in this superbly designed residence in downtown Greenwich.

Greenwich Brokerage Bill Andruss | 203.618.3101