Greenwich Market Update | Q1 2014

Greenwich Market UpdateFirst Quarter 2014

GREENWICH BROKERAGE

One Pickwich Plaza

Greenwich, CT 06830

t. 203.869.4343

sothebyshomes.com

Greenwich, CT | web: 0066419

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

http://www.sothebyshomes.com/greenwich/sales/0066419

A MESSAGE FROM OUR MANAGER: Pam PagnaniWelcome 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 AREAGreenwich, 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 | $5,750,000Greenwich Brokerage | Barbara O’Shea | 203.618.3134

DEER PARK | Web ID: 0067024 | $5,575,000Greenwich 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.

http://www.sothebyshomes.com/greenwich



SINGLE FAMILY HOMES

4sothebyshomes.com/greenwich

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Median Sales Price Average Sales Price

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 -

TOTAL 89 91 97 6.6%

AVERAGE DAYS ON MARKET


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 -

AVERAGE 151 218 174 -20.2%

ACTIVE INVENTORY


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%

TOTAL 550 456 458 0.4%

YEAR AVERAGE SALE PRICE MEDIAN SALE PRICE

2005 $2,445,759 $1,830,0002006 $2,978,693 $2,297,5002007 $2,766,123 $2,150,0002008 $2,903,705 $1,975,0002009 $2,544,615 $1,806,2502010 $2,257,573 $1,337,5002011 $2,727,345 $1,962,5002012 $2,245,474 $1,420,0002013 $2,261,171 $1,810,0002014 $2,664,347 $2,175,000

TOWN WIDE

http://www.sothebyshomes.com/Los-Angeles-Real-Estate

CONDOMINUMS AND COOPERATIVES

5

0

10

20

30

40

50

60

70

80

up to $1 $1 to $2 $2 to $4 $4+ 0

20

40

60

80

100

120

140

160

180

200

<$1 $1-3 $3-5 $5-7.5 $7.5-10 $10+

ACTIVE INVENTORY



Up to $1,000,000 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 -

TOTAL 22 32 32 0.0%



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 - -

$4,000,000 & above - - 392 -

AVERAGE 213 167 181 8.4%

AVERAGE SALES PRICE


Up to $1,000,000 $526,184 $466,868 $550,180 17.8%

$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 & above - - $4,000,000 -

TOTAL $762,386 $677,612 $772,141 14.0%

TOWN WIDE

CONDOSSINGLE FAMILY HOMES

SINGLE FAMILY HOMES


$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

$3,500,000

$4,000,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


GREENWICH




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 -

TOTAL 47 48 57 18.8%


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 -

TOTAL 150 268 209 -22.0%


2005 $2,875,108 $2,250,0002006 $3,697,797 $3,150,0002007 $3,183,443 $2,725,0002008 $3,549,698 $2,562,0002009 $3,048,846 $2,850,0002010 $2,873,904 $1,750,0002011 $3,301,584 $2,225,0002012 $2,461,175 $1,600,0002013 $2,678,257 $1,950,0002014 $2,839,916 $2,260,000


SINGLE FAMILY HOMES

7

RIVERSIDE




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 - - - -

TOTAL 19 19 19 0.0%


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 - - - -

TOTAL 128 152 148 -2.6%


2005 $1,964,262 $1,665,5002006 $1,726,237 $1,600,0002007 $2,175,650 $1,880,0002008 $2,989,533 $1,950,0002009 $5,375,000 $5,375,0002010 $2,059,922 $1,500,0002011 $1,913,143 $907,5002012 $2,244,500 $1,339,0002013 $1,877,738 $1,167,5002014 $2,630,079 $2,300,000

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


SINGLE FAMILY HOMES


$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

$3,000,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


OLD GREENWICH




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 - - - -

TOTAL 12 16 13 -18.8%


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 - - -

$10,000,000 & above - - - -

TOTAL 159 146 108 -26.0%


2005 $2,068,778 $1,850,0002006 $2,294,039 $2,295,0002007 $2,433,547 $2,037,5002008 $1,819,213 $1,647,5002009 $1,256,500 $1,025,0002010 $1,663,809 $1,151,2502011 $1,980,133 $1,800,0002012 $2,272,458 $1,778,7502013 $1,991,160 $1,880,2782014 $1,890,769 $1,225,000


SINGLE FAMILY HOMES

9

$0

$500,000

$1,000,000

$1,500,000

$2,000,000

$2,500,000

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014


COS COB




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 - - - -

TOTAL 11 8 8 0.0%


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 - - - -

TOTAL 188 217 92 -57.6%


2005 $1,404,659 $1,200,0002006 $1,725,417 $1,307,5002007 $1,995,335 $1,571,3452008 $1,134,150 $1,012,5002009 $1,582,083 $1,421,2502010 $997,792 $956,0002011 $1,198,929 $1,212,5002012 $1,296,090 $847,5002013 $1,209,338 $960,0002014 $1,458,125 $1,225,000

Auction & Exhibition Calendar 2014

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Shown Above Left: WILLARD LEROY METCALF (1858 – 1925)A SEASIDE PASTURESIGNED W L METCALF (LOWER LEFT)OIL ON CANVASPAINTED IN 1910.26 BY 29 INCHES (66 BY 73.7 CM) AMERICAN PAINTINGS, DRAWINGS & SCULPTURE NEW YORK 16 APRIL 2014

NEW YORK APRIL 1 A Modern Library: The Gordon Waldorf

Collection 1 John James Audubon: The Birds of America,

The Viviparous Quadrupeds of North America 1 The Inventive Eye: Photographs from a

Private Collection 2 Photographs 8 Important Russian Works of Art, European

Silver, and Vertu 16 American Paintings, Drawings & Sculpture29 Magnificent Jewels

LONDON APRIL 1 Made in Britain 8 The Orientalist Sale 9 Arts of the Islamic World 16 Finest and Rarest Wines 29 Furniture Collections 29 Travel, Atlases, Maps & Natural History 30 Old Master & British Paintings

PARIS APRIL 1 Picasso and the Nude: Fifty Drawings from

the Marina Picasso Collection

We invite you to explore our real estate listings at sothebyshomes.com

and view the worldwide auction schedule at sothebys.com.

BRAEBURNWeb 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 GREENWICHWeb 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 LIVINGWeb 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

FEATURED LISTINGS




Greenwich Market Update | Q1 2014

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