Greenwich Market Update | Q1 2016

Greenwich Market UpdateFirst Quarter 2016

GREENWICH BROKERAGE

One Pickwick Plaza

Greenwich, CT 06830

t. 203.869.4343

sothebyshomes.com/greenwich

Greenwich, CT | Web ID:0066772

All figures in this document are as reported by the Greenwich MLS (3/31/2016)

http://www.sothebyshomes.com/greenwich/sales/0066772

A MESSAGE FROM OUR MANAGER: Pam Pagnani

I invite you to review a summary of the sales activity in the Greenwich market during the

first quarter of 2016, specifically broken down into the Greenwich, Cos Cob, Riverside

and Old Greenwich areas. The Greenwich Multiple Listing Service reports the following

statistics quarter (Q1 2016) over quarter (Q1 2015):

Single family homes which traded town wide during Q1 2016 were up 7% when compared

to Q1 2015. The results for Q1 2016 varied by location, when compared to Q1 2015: Old

Greenwich had an increase of 56%, 9 homes sold to 14 homes sold, followed by an 8%

increase in homes sold in Riverside and an increase of 4% homes sold in Greenwich. Cos

Cob saw a 13% decrease in units sold when comparing year over year.

The largest increase of single family homes that traded town wide was in the $3 to $4

million price range, where 11 units sold in Q1 2016 compared to five units which sold in

Q1 2015, reflecting an increase of 120%. The below $1 million price range followed with

an increase of 67%, where 25 units sold compared to 15, year over year. In the over $5

million price category, the number of units sold decreased by 10%.

Town wide, condominium/cooperative units sold increased 11% from 35 in Q1 2015 to 39 in Q1 2016. The below $1 million price

category showed a 16% increase town wide from 25 to 29. When comparing sections of town, Greenwich saw the largest increase in

the number of condominiums/cooperative units sold, with 34 selling in Q1 2016 compared to 28 in Q1 2015.

The average sales price (ASP) of single family homes town wide was down 12%, from $2.65 million to $2.34 million. The ASP was

down in all sections of town, with the exception of Old Greenwich which posted a 35% gain from $1.5 million to $2 million. The ASP of

condominiums/cooperatives town wide was down slightly, 3%, $960,000 in Q1 2015, compared to $927,000 in Q1 2016.

The Sotheby’s International Realty – Greenwich Brokerage enjoys a co-marketing relationship with the venerable Sotheby’s Auction

House, established in 1744. In addition, we are a member of the Sotheby’s International Realty Affiliate network, which totals more

than 825 offices in 61 countries and territories worldwide. The Sotheby’s International Realty network achieved sales of more than

$80 billion in the United States in 2015. We would be honored to represent you and we will work tirelessly to prove that your trust has

been well placed.

FEATURED LISTINGS

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.

COPPER BEECH ESTATE | Web ID: 0067969 | $8,295,000

Greenwich Brokerage | Shelly Tretter Lynch | 203.618.3103

OLD ROUND HILL LANE | Web ID: 0067851 | $12,500,000

Greenwich Brokerage | Helene Barre | 203.618.3132




3

Web: 0065622

UNITS SOLD INVENTORYSOLD

JAN-MARCH 2015SOLD

JAN-MARCH 2016% CHANGE

2016 TO 2015LAST YEAR (3.31.2015)

THIS YEAR (3.31.2016)

SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO

Up to $999,999 15 25 25 29 67% 16% 34 66 37 73

$1,000,000 - $1,999,999 37 7 35 7 -5% 0% 82 23 129 26

$2,000,000 - $2,999,999 20 2 12 1 -40% -50% 80 6 98 19

$3,000,000 - $3,999,999 5 1 11 1 120% 0% 74 1 91 5

$4,000,000 - $4,999,999 3 - 4 1 33% - 51 8 53 3

$5,000,000 - $7,499,999 6 - 5 - -17% - 74 - 92 -

$7,500,000 - $9,999,999 2 - 2 - 0% - 22 - 31 -

$10,000,000 & Above 2 - 2 - 0% - 44 - 45 -

TOTALS 90 35 96 39 7% 11% 461 104 576 126

SF CONDO

AVERAGE SALES PRICE

2015 $2,658,918 $ 961,414

2016 $2,335,135 $927,892

% CHANGE -12% -3%

MEDIAN SALES PRICE

2015 $ 1,780,000 $ 725,000

2016 $ 1,670,000 $ 750,000

% CHANGE -6% 3%

AVERAGE SOLD/LIST PRICE DIFFERENCE

2015 88% 94%

2016 88% 91%

% CHANGE - -3%

TOWNWIDEGreenwich, 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.


4 sothebyshomes.com/greenwich

Web: 0067953

GREENWICH On scenic Long Island Sound, just 30 miles from midtown Man-hattan, Greenwich, Connecticut is a vibrant cosmopolitan com-munity 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 stretch-ing from the rolling hills, woodlands and meadows of the back-country to 32 miles of shoreline on the Sound.


JAN-MARCH 2015SOLD


2016 TO 2015LAST YEAR (3.31.2015)

THIS YEAR (3.31.2016)


Up to $999,999 10 19 14 24 40% 26% 19 54 20 58

$1,000,000 - $1,999,999 18 7 17 7 -6% 0% 43 21 64 19

$2,000,000 - $2,999,999 9 1 6 1 -33% 0% 54 5 65 18

$3,000,000 - $3,999,999 5 1 6 1 20% 0% 45 1 68 4

$4,000,000 - $4,999,999 2 - 2 1 0% - 41 8 44 3

$5,000,000 - $7,499,999 5 - 5 - 0% - 63 - 73 -

$7,500,000 - $9,999,999 2 - 2 - 0% - 21 - 27 -

$10,000,000 & Above 1 - 2 - 100% - 41 - 41 -

TOTALS 52 28 54 34 4% 21% 327 89 402 102

SF CONDO

AVERAGE SALES PRICE

2015 $2,966,500 $985,714

2016 $2,752,120 $999,638

% CHANGE -7% 1%

MEDIAN SALES PRICE

2015 $1,880,000 $745,000

2016 $1,735,000 $797,000

% CHANGE -8% 7%


2015 89% 93%

2016 85% 91%

% CHANGE -4% -3%


5

Web: 0067656

NORTH & SOUTH OF PARKWAYSituated north of the Merritt Parkway, the backcountry offers large luxury Greenwich real estate and properties amid extraor-dinarily 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 or-ganizations. 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 zon-ing 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.

NORTH SF SOUTH SF

AVERAGE SALES PRICE

2015 $2,426,000 $3,527,367

2016 $3,152,373 $2,337,132

% CHANGE 30% -34%

MEDIAN SALES PRICE

2015 $1,962,500 $1,962,500

2016 $3,200,000 $3,200,000

% CHANGE 63% 63%


2015 82% 90%

2016 87% 89%

% CHANGE 6% -1%


JAN-MARCH 2015SOLD


2016 TO 2015THIS YEAR (3.31.2016)

SF CONDO SF CONDO SF CONDO SF CONDO

Up to $999,999 3 3 1 5 -67% 67% 4 4

$1,000,000 - $1,999,999 3 10 4 7 33% -30% 25 19

$2,000,000 - $2,999,999 2 7 - 2 -100% -71% 41 17

$3,000,000 - $3,999,999 2 3 4 1 100% -67% 48 17

$4,000,000 - $4,999,999 - 2 - 2 - 0% 29 9

$5,000,000 - $7,499,999 2 3 1 2 -50% -33% 38 23

$7,500,000 - $9,999,999 - 1 1 - - -100% 12 10

$10,000,000 & Above - 1 - - - -100% 18 19

TOTALS 12 30 11 19 -8% -37% 215 118



Web: 0067833

RIVERSIDE Riverside’s extensive shoreline on the river, harbor, and Long Island Sound contribute to its appeal as a desirable waterfront commu-nity with terrific Greenwich houses. It is closely linked to the neigh-boring village of Old Greenwich, and also lies within easy reach of the railroad station, making Riverside properties ideal for commut-ers to New York City.


JAN-MAR 2015SOLD

JAN-MAR 2016% CHANGE

2014 TO 2015LAST YEAR

JAN-MAR 2015THIS YEAR

(JAN-MAR 2016


Up to $999,999 1 - 2 2 100% - 3 - 6 -

$1,000,000 - $1,999,999 4 - 5 - 25% - 10 - 26 -

$2,000,000 - $2,999,999 5 - 3 - -40% - 11 - 11 -

$3,000,000 - $3,999,999 0 - 3 - - - 14 - 9 -

$4,000,000 - $4,999,999 1 - 1 - 0% - 5 - 6 -

$5,000,000 - $7,499,999 1 - 0 - -100% - 3 - 8 -

$7,500,000 - $9,999,999 0 - 0 - - - 1 - 2 -

$10,000,000 & Above 1 - 0 - -100% - 3 - 3 -

TOTALS 13 - 14 2 8% - 50 - 71 -

SF CONDO

AVERAGE SALES PRICE

2015 $3,651,923 -

2016 $ 2,002,321 $ 625,050

% CHANGE -45% -

MEDIAN SALES PRICE

2015 $ 2,080,000 -

2016 $ 1,600,000 $ 625,050

% CHANGE -23% -


2015 84% -

2016 92% 97%

% CHANGE 10% -


7

Web: 0067950

OLD GREENWICH The town’s origins are traced to the historic village of Old Green-wich, which today preserves the charm of a gracious New Eng-land 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 Green-wich Point with its fine town beach, park and boating facilities. The convenient railroad station gives easy access to midtown Manhat-tan, approximately 45 minutes away.


JAN-MARCH 2015SOLD


2016 TO 2015LAST YEAR (3.31.2015)

THIS YEAR (3.31.2016)


Up to $999,999 1 5 4 3 300% -40% 5 3 6 2

$1,000,000 - $1,999,999 6 - 5 - -17% - 18 - 9 4

$2,000,000 - $2,999,999 2 - 2 - 0% - 11 - 13 -

$3,000,000 - $3,999,999 - - 2 - - - 11 - 7 -

$4,000,000 - $4,999,999 - - 1 - - - 5 - 3 -

$5,000,000 - $7,499,999 - - - - - - 8 - 10 -

$7,500,000 - $9,999,999 - - - - - - - - 2 -

$10,000,000 & Above - - - - - - - - 1 -

TOTALS 9 5 14 3 56% -40% 58 3 51 6

SF CONDO

AVERAGE SALES PRICE

2015 $ 1,526,124 $ 621,100

2016 $ 2,067,464 $316,667

% CHANGE 35% -49%

MEDIAN SALES PRICE

2015 $ 1,295,000 $625,000

2016 $ 1,788,750 $ 295,000

% CHANGE 38% -53%


2015 94% 96%

2016 93% 99%

% CHANGE -1% 3%



Web: 0067735

COS COB Situated just east of Central Greenwich, Cos Cob reaches from thecharming village center out to one and two acre properties in quiet, country settings. The scenic Mianus River offers an exten-sive waterfront with marinas and rowing facilities. The Montgom-ery Pinetum and Mianus River Park offer over 200 acres of natural parkland for hiking and exploring.


JAN-MARCH 2015SOLD


2016 TO 2015LAST YEAR (3.31.2015)

THIS YEAR (3.31.2016)


Up to $999,999 3 1 5 - 67% -100% 7 9 5 13

$1,000,000 - $1,999,999 9 - 8 - -11% - 11 2 30 3

$2,000,000 - $2,999,999 4 1 1 - -75% -100% 4 1 9 1

$3,000,000 - $3,999,999 - - - - - - 4 - 7 1

$4,000,000 - $4,999,999 - - - - - - - - - -

$5,000,000 - $7,499,999 - - - - - - - - 1 -

$7,500,000 - $9,999,999 - - - - - - - - - -

$10,000,000 & Above - - - - - - - - - -

TOTALS 16 2 14 0 -13% -100% 26 12 52 18

SF CONDO

AVERAGE SALES PRICE

2015 $1,489,656 $1,472,000

2016 $1,327,250 -

% CHANGE 11% -

MEDIAN SALES PRICE

2015 $1,307,500 $1,472,000

2016 $1,210,000 -

% CHANGE -7% -


2015 91% 96%

2016 91% -

% CHANGE 0% -


STAMFORD, CT | Web: 0067856

We’re at home in the luxury realm. We know the territory. And we’re backed

by the global reach and resources of the world’s premier real estate network —

offering you privileged access to the most qualified buyers. Let us show you.

Where curb appeal

meets global appeal.

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 | 2016

A NEW CLASSIC FOR MODERN LIVINGGreenwich Brokerage | Joseph Barbieri | 203.618.3112

PRIVATE COUNTRY ESTATEGreenwich Brokerage | Marijane Bates Hvolbeck | 203.983.3832

ROUND HILL ROAD Greenwich Brokerage | Steve Archino | 203.618.3144

PARSONAGE ROADGreenwich Brokerage | Leslie McElwreath | 203.618.3165

New York | +1 212 894 1990 | [email protected]

Visit Us In-Store Or Online, Everyday.Our Wine Specialists Will Help You Shop For The Best Wines For All Occasions

SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2014

PRIVACY AND SPLENDOR OFF ROUNDWeb ID: 0067938 | $3,295,000

Located off Round Hill Road, minutes from town is

this renovated colonial on 2.44 beautiful and quiet

acres. The landscaping, designed by noted landscape

architect Bill Rutherford, creates a distinguished

private setting with a circular drive. Rock outcroppings

in front shield the house from the road while the level

property allows for great recreational use. There is an

approved pool site. The light-filled interior has a great

open floor plan with two family rooms, 6 bedrooms and

7 bathrooms.

Suzanne Katz | 203.618.3161

OLDFIELD FARM - EQUESTRIAN ESTATEWeb ID: 0067882 | $21,500,000

Amid the pastoral beauty of Greenwich’s great

estates, “Oldfield farm” is an equestrian estate

without peer. Encompassing approx. 18.39

carefully groomed acres, it hosts a classical villa

on lush grounds, superior horse facilities and a

stick and ball field.

Joseph Barbieri | 203.618.3112

MID-COUNTRY ELEGANCE Web ID: 0067806 | $4,695,000

Located in a private association minutes to downtown

Greenwich this custom, 5 bedroom home is on 1 acre

of park-like grounds with a stunning pool and spa.

Gracious public rooms and an open yet traditional

floor plan provide for easy entertaining. The 2nd floor

has 4 ensuite bedrooms, and the 5th bedroom and full

bathroom is on the 1st floor. The walkout lower level

services the pool.

Carol Zuckert | 203.561.0247

FEATURED LISTINGS




Documents

Greenwich Market Update | Q1 2016