sotheby's international realty: greenwich q3 market update 2015

Greenwich Market Update3rd Quarter 2015

GREENWICH BROKERAGE

One Pickwick Plaza

Greenwich, CT 06830

t. 203.869.4343

sothebyshomes.com/greenwich

Greenwich, CT | Web ID:0067365

All figures in this document are as reported by the Greenwich MLS (9/30/15)

http://www.sothebyshomes.com/greenwich/sales/0067365

A MESSAGE FROM OUR MANAGER: Pam Pagnani

According to the Greenwich Multiple Listing System, the current inventory of single-family homes has crept up to 614, compared to 585 in the third quarter of 2014. The largest increase in active listings occurred in homes priced between $3 million to $4 million. Single-family sales have increased 3.5% as compared to the same time last year. For the year, sales have increased to 479 homes thus far, compared to 463 homes by the third quarter of 2014; condominiums have seen a 10.8% increase in sales as compared to the same time last year, totaling 154 units to-date. Townwide, 73% of single-family sales were comprised of homes up to $3 million, which remains Greenwich’s largest and most active market segment. Single-family homes sold between $5 million and $10 million experienced a healthy 45% increase as compared to Q3 2014, while fewer homes priced over $10 million sold during the third quarter of this year compared to the same period of last year. The average sales price of single-family homes in Greenwich townwide decreased by 9.4% to $2,500,000 compared to Q3 2014. However, the average sales price of condominiums increased by 17.5% to $1,016,000.

All figures in this document are as reported by the Greenwich MLS (9/30/15)

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.

STUNNING COLONIAL | Web ID: 0067564 | $2,900,000Greenwich Brokerage | Patte Nusbaum | 203.249.0078

GRACIOUS CENTER HALL COLONIAL | Web ID: 0067281 | $4,695,000Greenwich Brokerage | Krissy Blake | 203.536.2743 |

QUIET CUL-DE-SAC | Web ID: 0067814 | $1,945,000Greenwich Brokerage | Martha Drake | 203.249.8713

RENOVATED CLASSIC IN RIVERSIDE | Web ID: 0067829 | $2,395,000Greenwich Brokerage | Edward Mortimer | 203.618.3160






3

Web: 0067331

UNITS SOLD INVENTORYSOLD

JAN-SEPT 2014SOLD

JAN-SEPT 2015% CHANGE

2014 TO 2015LAST YEAR (9.30.2014)

THIS YEAR (9.30.2015)

SF CONDO SF CONDO SF CONDO SF CONDO SF CONDO

Up to $999,999 100 104 78 103 -22.0% -1.0% 54 71 48 74

$1,000,000 - $1,999,999 145 27 186 36 28.3% 33.3% 124 27 134 15

$2,000,000 - $2,999,999 95 4 87 11 -8.4% 175.0% 113 10 126 11

$3,000,000 - $3,999,999 56 2 54 3 -3.6% 50.0% 77 7 89 4

$4,000,000 - $4,999,999 25 1 27 1 8.0% 0.0% 50 3 57 4

$5,000,000 - $7,499,999 22 1 34 - 54.5% - 85 2 75 1

$7,500,000 - $9,999,999 - - -7 8 14.3% 32 - 32 -

$10,000,000 & Above 13 - 5 - -61.5% - 50 - 53 -

TOTALS 463 139 479 154 3.5% 10.8% 585 120 614 109

SF CONDO

AVERAGE SALES PRICE

2014 $2,758,822 $864,136

2015 $2,500,176 $1,015,687

% CHANGE -9.4% 17.5%

MEDIAN SALES PRICE

2014 $1,881,500 $682,000

2015 $1,871,000 $725,000

% CHANGE -0.6% 6.3%

AVERAGE SOLD/LIST PRICE DIFFERENCE

2014 85.8% 92.0%

2015 90.5% 93.4%

% CHANGE 5.5% 1.6%

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: 0067692


JAN-SEPT 2014SOLD


2014 TO 2015LAST YEAR (9.30.2014)

THIS YEAR (9.30.2015)


Up to $999,999 48 69 40 68 -16.7% -1.4% 37 53 25 56

$1,000,000 - $1,999,999 68 23 73 33 7.4% 43.5% 69 26 65 13

$2,000,000 - $2,999,999 51 4 43 10 -15.7% 150.0% 79 8 83 10

$3,000,000 - $3,999,999 34 2 34 3 0.0% 50.0% 54 6 59 4

$4,000,000 - $4,999,999 17 1 19 1 11.8% 0.0% 38 3 50 4

$5,000,000 - $7,499,999 18 1 28 - 55.6% - 74 2 58 1

$7,500,000 - $9,999,999 - -6 - 8 33.3% 30 - 28 -

$10,000,000 & Above 11 - 4 - -63.6% - 47 - 45 -

TOTALS 253 100 249 115 -1.6% 15.0% 428 98 413 88

GREENWICH - 06830/06831On 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.

SF CONDO

AVERAGE SALES PRICE

2014 $3,362,158 $957,596

2015 $2,965,216 $1,129,697

% CHANGE -11.8% 18.0%

MEDIAN SALES PRICE

2014 $2,110,000 $715,000

2015 $2,249,000 $890,000

% CHANGE 6.6% 24.5%


2014 82.9% 91.8%

2015 88.8% 93.1%

% CHANGE 6.6% 1.5%


5

Web: 0066032

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.


JAN-SEPT 2014SOLD


2014 TO 2015LAST YEAR (9.30.2014)

THIS YEAR (9.30.2015)

NORTH SF SOUTH SF NORTH SF SOUTH SF NORTH SF SOUTH SF NORTH SF SOUTH SF NORTH SF SOUTH SF

Up to $999,999 2 8 4 7 100.0% -12.5% 4 8 4 4

$1,000,000 - $1,999,999 9 34 18 36 100.0% 5.9% 24 24 23 21

$2,000,000 - $2,999,999 8 39 6 31 -25.0% -20.5% 26 37 19 46

$3,000,000 - $3,999,999 6 25 6 26 0.0% 4.0% 23 25 19 33

$4,000,000 - $4,999,999 6 10 3 13 -50.0% 30.0% 11 22 13 30

$5,000,000 - $7,499,999 2 11 7 15 250.0% 36.4% 24 38 21 29

$7,500,000 - $9,999,999 - 5 2 5 - 0.0% 10 16 14 10

$10,000,000 & Above 6 3 - 4 - 33.3% 27 10 24 15

TOTALS 39 135 46 137 17.9% 1.5% 149 180 137 188

NORTH SF SOUTH SF

AVERAGE SALES PRICE

2014 $4,464,103 $3,128,532

2015 $2,974,473 $3,491,754

% CHANGE -33.4% 11.6%

MEDIAN SALES PRICE

2014 $3,150,000 $2,608,000

2015 $2,050,500 $2,800,000

% CHANGE -34.9% 7.4%


2014 83.3% 88.4%

2015 86.2% 89.1%

% CHANGE 3.4% 0.8%




JAN-SEPT 2014SOLD


2014 TO 2015LAST YEAR (9.30.2014)

THIS YEAR (9.30.2015)


Up to $999,999 17 4 15 2 -11.8% -50.0% 7 1 7 1

$1,000,000 - $1,999,999 26 - 35 - 34.6% - 13 - 24 -

$2,000,000 - $2,999,999 20 - 23 - 15.0% - 14 - 16 -

$3,000,000 - $3,999,999 10 - 12 - 20.0% - 9 - 8 -

$4,000,000 - $4,999,999 3 - 6 - 100% - 7 - 3 -

$5,000,000 - $7,499,999 2 - 2 - 0.0% - 5 - 10 -

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

$10,000,000 & Above 0 - 1 - - - 3 - 7 -

TOTALS 78 4 94 2 20.5% -50.0% 59 1 77 1

SF CONDO

AVERAGE SALES PRICE

2014 $2,037,741 $719,000

2015 $2,320,603 $649,500

% CHANGE 13.9% -9.7%

MEDIAN SALES PRICE

2014 $1,887,500 $735,500

2015 $1,887,500 $649,500

% CHANGE 0.0% -11.7%


2014 92.9% 94.2%

2015 92.1% 98.5%

% CHANGE -0.9% 4.5%

Web: 0067120

RIVERSIDE - 06878Riverside’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.


7

Web: 0067500


JAN-SEPT 2014SOLD


2014 TO 2015LAST YEAR (9.30.2014)

THIS YEAR (9.30.2015)


Up to $999,999 15 17 9 19 -40.0% 11.8% 1 9 5 6

$1,000,000 - $1,999,999 25 1 41 1 64.0% 0.0% 23 - 13 -

$2,000,000 - $2,999,999 19 - 15 - -21.1% - 11 - 16 -

$3,000,000 - $3,999,999 12 - 6 - -50.0% - 11 - 15 -

$4,000,000 - $4,999,999 5 - 2 - -60.0% - 5 - 4 -

$5,000,000 - $7,499,999 2 - 4 - 100% - 6 - 7 -

$7,500,000 - $9,999,999 1 - - - -100% - 1 - 2 -

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

TOTALS 81 18 77 20 -4.9% 11.1% 58 9 63 6

SF CONDO

AVERAGE SALES PRICE

2014 $2,499,107 $490,626

2015 $2,074,860 $565,725

% CHANGE -17.0% 15.3%

MEDIAN SALES PRICE

2014 $2,000,000 $365,000

2015 $1,700,000 $467,500

% CHANGE -15.0% 28.1%


2014 91.5% 93.9%

2015 94.9% 97.0%

% CHANGE 3.6% 3.3%

OLD GREENWICH - 06870The 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.



Web: 0067735


JAN-SEPT 2014SOLD


2014 TO 2015LAST YEAR (9.30.2014)

THIS YEAR (9.30.2015)


Up to $999,999 20 14 14 14 -30.0% 0.0% 9 8 11 11

$1,000,000 - $1,999,999 26 3 36 2 38.5% -33.3% 19 1 32 2

$2,000,000 - $2,999,999 5 - 5 1 0.0% - 9 2 11 1

$3,000,000 - $3,999,999 - - 2 - - 3 1 7 -

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

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

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

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

TOTALS 51 17 57 17 11.8% 0.0% 40 12 61 14

COS COB - 06807Situated 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.

SF CONDO

AVERAGE SALES PRICE

2014 $1,281,125 $744,000

2015 $1,362,007 $816,806

% CHANGE 6.3% 9.8%

MEDIAN SALES PRICE

2014 $1,178,000 $640,000

2015 $1,250,000 $649,900

% CHANGE 6.1% 1.5%


2014 93.3% 92.2%

2015 94.5% 93.5%

% CHANGE 1.2% 1.4%


OLD GREENWICH, CT | Web: 0067734 | $5,400,000 | Lisa Weicker | 203.983.3805

No second tier. No coach class. When you list with us, you receive the full benefit of

four decades of industry leadership. The power of a global network. And a culture of

excellence that goes back centuries before that. Welcome to Sotheby’s International

Realty. It is our pleasure to serve you.

We have no B list.

GREENWICH BROKERAGE | One Pickwick Plaza | Greenwich, CT 06830 | +1.203.869.4343 SothebysHomes.comSotheby’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 | Q3 2015

ANDREWS FARMGreenwich Brokerage | Bill Andruss | 203.618.3101

STILLMAN LANEGreenwich Brokerage | Leslie McElwreath | 203.618.3165

PRIVATE COUNTRY ESTATE Greenwich Brokerage | Marijane Bates Hvolbeck | 203.921.8770

MODERN ELEGANCE ON LONG ISLAND SOUNDGreenwich Brokerage | Joseph Barbieri | 203.618.3112

http://www.sothebyshomes.com/greenwich/agents/Bill.Andruss

http://www.sothebyshomes.com/greenwich/agents/Leslie.Mcelwreath

http://www.sothebyshomes.com/greenwich/agents/Mj.Bateshvolbeck

http://www.sothebyshomes.com/greenwich/agents/Joseph.Barbieri

AUCTION CALENDAR OCTOBER | NOVEMBER 2015

American Paintings, Drawings and Sculpture New York 02 Oct

Modern and Contemporary Asian Art Evening Sale Hong Kong 04 Oct

Photographs New York 07 Oct

RM Sotheby’s: Hershey Hershey 08 – 09 Oct

Property from a Distinguished Private Asian Collection New York 15 Oct

Château Margaux 1900–2010 Direct From The Cellars: A Celebration of the Mentzelopoulos Era New York 17 Oct

Collections: European Decorative Arts New York 17 Oct

The Creative Genius of Sam Simon: A Lifetime of Memorabilia New York 22 Oct

Impressionist & Modern Art Evening Sale New York 05 Nov

Contemporary Art Evening Auction New York 11 Nov

Finest and Rarest Wines New York 14 Nov

American Art New York 18 Nov

Latin America: Modern Art Latin America: Contemporary Art New York 19 – 20 Nov

Prints & Multiples New York 23 – 24 Nov

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

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ROUND HILL ELEGANCEWeb ID: 0067787 | $4,750,000

Sophisticated stone and stucco residence on two

stunning acres in lower Round Hill. Meticulously

renovated offering high ceilings, custom finishes and

beautifully proportioned rooms. Fabulous first floor

master suite.

Greenwich Brokerage

Marijane Bates Hvolbeck | 203.921.8770

MID-COUNTRY SERENITYWeb ID: 0067642 | $4,495,000

A long tree-lined drive gives a scenic approach to

the tranquil setting of this custom-built architect-

designed home on 2.14± Mid-Country acres only a

couple miles from town.

Greenwich Brokerage

Joseph Barbieri | 203.618.3112

EXTRAORDINARY COUNTRY ESTATE Web ID: 0067428 | $10,988,000

Extraordinary stone and clapboard Georgian manor

perfectly situated on over 4 level, landscaped acres

on serene lane. Beautifully proportioned. Light filled

rooms, high ceilings, stunning architectural detail and

impeccable craftsmanship are featured throughout.

Greenwich Brokerage

Brad Hvolbeck | 203.618.3110

FEATURED LISTINGS




sotheby's international realty: greenwich q3 market update 2015

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