greenwich | market update q4 2015

Greenwich Market UpdateYear End 2015

GREENWICH BROKERAGE

One Pickwick Plaza

Greenwich, CT 06830

t. 203.869.4343

sothebyshomes.com/greenwich

Greenwich, CT | Web ID:0067882

All figures in this document are as reported by the Greenwich MLS (12/31/15)

A MESSAGE FROM OUR MANAGER: Pam PagnaniAccording 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

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.

7 WYCKHAM HILL LANE | Web ID: 0067737 | $9,825,000Greenwich Brokerage | Shelly Tretter Lynch & Steven Magnuson | 203.618.3103

25 PECKSLAND ROAD | Web ID: 0067642 | $4,495,000Greenwich Brokerage | Joseph Barbieri | 203.618.3112

7 STEEPLE CHASE ROAD | Web ID: 0067513 | $1,695,000Greenwich Brokerage | Edward Mortimer | 203.618.3160

7 LITTLE COVE | Web ID: 0067500 | $6,995,000Greenwich Brokerage | Carol Clarke | 203.618.3174

3

Web: 0067047

UNITS SOLD INVENTORYSOLD

JAN-DEC 2014SOLD

JAN-DEC 2015% CHANGE

2014 TO 2015LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)

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 -

TOTALS 607 186 599 210 -1.3% 12.9% 406 92 447 98

SF CONDO

AVERAGE SALES PRICE

2014 $2,690,660 $864,428

2015 $2,425,815 $982,956

% CHANGE -9.8% 13.7%

MEDIAN SALES PRICE

2014 $1,881,500 $683,500

2015 $1,860,000 $720,000

% CHANGE -1.1% 5.3%

AVERAGE SOLD/LIST PRICE DIFFERENCE

2014 86.3% 91.0%

2015 90.0% 93.4%

% CHANGE 4.3% 2.6%

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: 0067841

GREENWICH On scenic Long Island Sound, just 30 miles from midtown Manhat-tan, 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.


JAN-DEC 2014SOLD


2014 TO 2015LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)


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 -

TOTALS 340 135 318 159 -6.5% 17.8% 304 80 317 81

SF CONDO

AVERAGE SALES PRICE

2014 $3,204,172 $957,018

2015 $2,826,058 $1,078,539

% CHANGE -11.8% 12.7%

MEDIAN SALES PRICE

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%

5

Web: 0067334

NORTH & SOUTH OF PARKWAYSituated 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 pasto-ral 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

2014 $4,200,826 $3,146,766

2015 $2,818,837 $3,405,687

% CHANGE -32.9% 8.2%

MEDIAN SALES PRICE

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%


JAN-DEC 2014SOLD


2014 TO 2015LAST 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

TOTALS 53 170 63 165 18.9% -2.9% 124 121 106 148


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 neighbor-ing village of Old Greenwich, and also lies within easy reach of the railroad station, making Riverside properties ideal for commuters to New York City.


JAN-DEC 2014SOLD


2014 TO 2015LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)


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 -

TOTALS 96 7 114 4 18.8% -42.9% 41 - 49 -

SF CONDO

AVERAGE SALES PRICE

2014 $2,000,920 $695,643

2015 $2,275,811 $697,250

% CHANGE 13.7% 0.2%

MEDIAN SALES PRICE

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%

7

Web: 0067734

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-DEC 2014SOLD


2014 TO 2015LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)


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 -

TOTALS 104 22 101 24 -2.9% 9.1 33 5 42 4

SF CONDO

AVERAGE SALES PRICE

2014 $2,573,710 $476,557

2015 $2,027,969 $567,542

% CHANGE -21.2% 19.1%

MEDIAN SALES PRICE

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%


Web: 0067607

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 extensive wa-terfront with marinas and rowing facilities. The Montgomery Pine-tum and Mianus River Park offer over 200 acres of natural parkland for hiking and exploring.


JAN-DEC 2014SOLD


2014 TO 2015LAST YEAR (12.31.2014)

THIS YEAR (12.31.2015)


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 - - - - - - - - - -

TOTALS 67 22 66 23 -1.5% 4.5% 28 7 39 13

SF CONDO

AVERAGE SALES PRICE

2014 $1,254,599 $737,841

2015 $1,365,294 $805,346

% CHANGE 8.8% 9.1%

MEDIAN SALES PRICE

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%

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.

The intellectual property

to sell yours.

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.

AUCTION CALENDAR FEB | MAR | APR | MAY 2016

RM Sotheby’s: ParisParis 03 Feb

Impressionist & Modern Art Evening SaleLondon 03 Feb

Contemporary Art Evening AuctionLondon 10 Feb

Finest & Rarest WinesNew York 27 Feb

WatchesLondon 08 Mar

Important Ceramics by Pablo PicassoLondon 05 Ap

20th Century Art / Middle EastLondon 18 Apr

Orfèvrerie, Boîtes en Or et Objets de VitrineParis 04 May

Paul Gauguin | Nature morte aux mangos et à la fleur d’hibiscusEstimate £2-3m

We invite you to explore our real estate listings at sothebyshomes.com and view the worldwide auction schedule at sothebys.com Enquiries +1 212 606 7000. Sotheby’s 72 & York Register now at sothebys.com SOTHEBY’S, INC. LICENSE NO. 1216058. © SOTHEBY’S, INC. 2015

DOUBLING ROADWeb 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 park-

like acres with beautiful pool and sunken tennis court.

Heather Platt | 203.983.3802

SOPHISTICATED COUNTRY HOUSEWeb 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

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

FEATURED LISTINGS

greenwich | market update q4 2015

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