greenwich ct market stats - elwell
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Scott Elwell Greenwich Fine Properties [email protected] 203.940.0444TRANSCRIPT
I203 . 6 6 1 . 9 2 0 0 · www.greenwichfineproperties.com
JAN.-NOV. JAN.-NOV.2008 2009 % CHANGE
Current Inventory 584 589 +1%
Unit Sales 386 284 -26%
Days on Market 220 237 +8%
% Sale Price/List Price 94.1% 89.7% -4.7%
YEAR-TO-DATE COMPARISONS
JAN.-NOV. JAN.-NOV.2008 2009 % CHANGE
Average Sale Price $2,850,441 $2,657,252 -7%
Median Sale Price $2,000,000 $1,681,500 -16%
Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2008-2009© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
GREENWICH, CONNECTICUT RESIDENTIAL MARKET
SINGLE FAMILY SALES · JANUARY-NOVEMBER 2008 VS 2009
STATISTICAL MARKET OVERVIEW
II
GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSMONTHLY INVENTORY REPORT
SINGLE FAMILY UNIT INVENTORY · PREVIOUS 24 MONTHS · NOVEMBER 2009
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2008 2009 % CHANGE
January Inventory 483 571 +18%
February Inventory 521 615 +18%
March Inventory 565 666 +18%
April Inventory 602 731 +21%
May Inventory 626 766 +22%
June Inventory 596 754 +27%
July Inventory 585 719 +23%
August Inventory 567 681 +20%
September Inventory 606 665 +10%
October Inventory 609 647 +6%
November Inventory 584 589 +1%
2007 2008 % CHANGE
December Inventory 440 547 +24%
Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2007-2009© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE FAMILY UNITS · CURRENT INVENTORY
BY PRICE RANGE · NOVEMBER 2008 VS NOVEMBER 2009
III203 . 6 6 1 . 9 2 0 0 · www.greenwichfineproperties.com
NOVEMBER NOVEMBER % NOVEMBER ‘09 % OF
2008 2009 CHANGE CURRENT INVENTORY
$0 to $999,999 83 98 +18% 17%
$1-1,999,999 134 140 +5% 24%
$2-2,999,999 98 108 +10% 18%
$3-3,999,999 79 79 0% 13%
$4-4,999,999 43 33 -23% 6%
$5-5,999,999 30 30 0% 5%
$6-7,999,999 50 47 -6% 8%
$8-9,999,999 23 12 -48% 2%
$10-14,999,999 30 31 +3% 5%
$15,000,000 and over 14 11 -21% 2%
Totals 584 589 +1%
Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2008-2009© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
IV203 . 6 6 1 . 9 2 0 0 · www.greenwichfineproperties.com
% CHANGE AVG.2003 2004 2005 2006 2007 2008 2009 ‘08 VS. ‘09 2003-08
January 44 51 43 38 40 27 9 -67% 41
February 58 72 61 57 52 39 14 -64% 56
March 65 109 73 73 92 39 12 -69% 75
April 71 83 86 65 74 44 25 -43% 71
May 88 81 85 72 58 44 35 -20% 71
June 83 82 63 66 63 49 40 -18% 68
July 62 66 56 31 40 39 40 +3% 49
August 56 64 57 41 46 20 43 +115% 48
September 53 61 56 33 33 24 46 +92% 43
October 64 69 43 35 33 12 35 +192% 43
November 63 59 47 62 39 11 39 +255% 47
Year-to-Date 707 797 670 573 570 348 338 -3% 611
‘07 VS. ‘08
December 53 42 48 49 23 6 -74% 37
Total 760 839 718 622 593 354 -40% 648
Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2003-2009© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE FAMILY UNITS UNDER CONTRACT 2003-2009
BY MONTH · NOVEMBER 2009
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JAN.-NOV. JAN.-NOV. % % OF ALL
2008 2009 CHANGE CONTRACTS 2009
$0 to $999,999 68 94 +38% 28%
$1-1,999,999 101 86 -15% 25%
$2-2,999,999 78 57 -27% 17%
$3-3,999,999 38 34 -11% 10%
$4-4,999,999 20 18 -10% 5%
$5-5,999,999 13 14 +8% 4%
$6-6,999,999 3 13 +333% 4%
$7-7,999,999 10 3 -70% 1%
$8-8,999,999 6 3 -50% 1%
$9-9,999,999 2 4 +100% 1%
Over $10,000,000 9 12 +33% 4%
Totals 348 338 -3%
GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE FAMILY UNITS UNDER CONTRACT
BY PRICE RANGE · JANUARY-NOVEMBER 2008 VS 2009
Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2008-2009© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
VI203 . 6 6 1 . 9 2 0 0 · www.greenwichfineproperties.com
GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSALES BY MONTH · SINGLE FAMILY
PREVIOUS 24 MONTHS · NOVEMBER 2009
%2008 2009 CHANGE
January 36 5 -86%
February 27 6 -78%
March 34 15 -56%
April 42 21 -50%
May 40 17 -58%
June 52 33 -37%
July 51 55 +8%
August 47 28 -40%
September 22 39 +77%
October 24 39 +63%
November 11 26 +136%
Year-to-Date 386 284 -26%
%2007 2008 CHANGE
December 23 13 -43%
Total (previous 12 mos.) 409 297 -27%
Information deemed reliable, but subject to verification by all parties.These figures reflect MLS sales only.
Source: Greenwich Multiple Listing Service, Inc. 2007-2009© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
VII203 . 6 6 1 . 9 2 0 0 · www.greenwichfineproperties.com
GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE FAMILY UNIT SALES
BY PRICE RANGE · JANUARY-NOVEMBER 2008 VS 2009
JAN.-NOV. JAN.-NOV. % % OF ALL
2008 2009 CHANGE SALES 2009
$0 to $999,999 82 86 +5% 30%
$1-1,999,999 110 77 -30% 27%
$2-2,999,999 83 43 -48% 15%
$3-3,999,999 42 25 -40% 9%
$4-4,999,999 22 19 -14% 7%
$5-5,999,999 12 11 -8% 4%
$6-6,999,999 5 6 +20% 2%
$7-7,999,999 8 3 -63% 1%
$8-8,999,999 7 5 -29% 2%
$9-9,999,999 2 0 – 0%
$10,000,000 and over 13 9 -31% 3%
Totals 386 284 -26%
Information deemed reliable, but subject to verification by all parties.These figures reflect MLS sales only.
Source: Greenwich Multiple Listing Service, Inc. 2008-2009© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
VIII203 . 6 6 1 . 9 2 0 0 · www.greenwichfineproperties.com
% CHANGE AVG.2007 2008 2009 ‘08 VS. ‘09 2007-08
January 226 183 40
January-February 212 223 191
January-March 207 312 213
January-April 206 282 213
January-May 201 263 219
January-June 194 251 227
January-July 182 237 215
January-August 181 227 222
January-September 183 225 224
January-October 183 221 235
January-November 186 220 237
January-December 186 219
GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE FAMILY SALES
CUMULATIVE AVERAGE NUMBER OF DAYS ON MARKET · NOVEMBER 2009
Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2007-2009© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
IX203 . 6 6 1 . 9 2 0 0 · www.greenwichfineproperties.com
AVG. NUMBER OF % OF
PROPERTIES GONE TO ANNUALRANK CONTRACT 2003-2008 CONTRACTS
1. March 75.3 11.6%
2. May 71.3 11.0%
3. April 70.5 10.8%
4. June 68.0 10.4%
5. February 56.5 8.7%
6. July 49.2 7.6%
7. August 47.8 7.3%
8. November 47.2 7.3%
9. September 44.0 6.8%
10. October 42.7 6.6%
11. January 40.5 6.2%
12. December 36.8 5.6%
Information deemed reliable, but subject to verification by all parties.Source: Greenwich Multiple Listing Service, Inc. 2003-2008© 2009 Greenwich Fine Properties All Rights Reserved.
May not be reproduced in any form or transmitted without written permission.
GREENWICH, CONNECTICUT RESIDENTIAL MARKET STATISTICSSINGLE FAMILY UNITS UNDER CONTRACT
2003-2008 · BY MONTH
MONTHS RANKED BY SALES ACTIVITYPERCENTAGE OF ANNUAL CONTRACTS
X
TOTAL % CHANGE IN TOTAL DOLLAR % CHANGE IN AVERAGENUMBER NUMBER OF AMOUNT OF ALL DOLLAR AMOUNT PRICE APPRECIATION
YEAR OF SALES HOMES SOLD HOMES SOLD OF HOMES SOLD PER HOME PER YEAR
2008 460 -37% $1,263,762,302 -41% $2,747,309 -8%
2007 726 -0.1% $2,158,543,802 +11% $2,973,201 12%
2006 727 -16% $1,936,471,126 -9% $2,663,647 8%
2005 865 -12% $2,136,652,175 -2% $2,470,118 11%
2004 978 14% $2,172,443,614 44% $2,221,312 26%
2003 859 15% $1,509,280,063 9% $1,757,020 -5%
2002 753 1% $1,380,621,759 19% $1,840,829 17%
2001 741 -15% $1,161,711,961 -18% $1,567,762 -4%
2000 873 -8% $1,422,152,044 12% $1,629,040 22%
1999 952 4% $1,266,653,502 13% $1,330,518 8%
1998 913 6% $1,125,358,910 15% $1,232,595 8%
1997 859 22% $976,437,121 40% $1,136,714 15%
1996 706 5% $695,918,882 15% $985,721 9%
1995 670 -8% $604,009,308 -10% $901,506 -2%
1994 732 -4% $670,483,620 4% $915,961 8%
1993 761 8% $642,860,523 11% $844,758 3%
1992 706 10% $578,871,671 15% $819,932 5%
1991 644 40% $502,622,668 36% $780,470 -3%
1990 459 -24% $369,993,552 -26% $806,086 -2%
1989 607 1% $500,099,411 5% $823,887 4%
1988 603 -7% $477,300,000 4% $791,542 12%
1987 649 -25% $458,292,000 -19% $706,151 8%
1986 864 -4% $566,739,000 38% $655,948 43%
1985 897 8% $410,671,000 27% $457,827 18%
1984 829 4% $322,411,000 19% $388,916 14%
1983 798 57% $271,563,000 65% $340,305 5%
1982 509 -10% $164,331,000 -3% $322,851 8%
1981 565 -19% $169,117,000 -5% $299,322 18%
1980 699 2% $177,911,000 19% $254,522 16%
1979 684 -17% $149,894,000 -2% $219,143 19%
1978 827 -8% $152,733,000 9% $184,683 19%
1977 900 3% $139,849,000 21% $155,388 17%
1976 874 $115,894,000 $132,602
HISTORICAL SALES DATAGREENWICH, CONNECTICUT · REAL ESTATE SALES 1976-2008
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Information deemed reliable, but subject to verification by all parties.Source: 2004-2008/SearchGreenwich.net Greenwich Record of Real Estate Sales
© 2009 Greenwich Fine Properties May not be reproduced in any form or transmitted without written permission. All Rights Reserved.