Greenwich Real Estate Monthly Market Report – August 2016 Jack Sarsen (203-253-0476)
[email protected] Carolyn Sarsen (203-253-0441)
[email protected] David Ogilvy & Associates / Christie’s International Real Estate - Greenwich, CT This report provides monthly statistics and commentary on the Greenwich, Cos Cob, Riverside, and Old Greenwich Real Estate Sales of Single Family Homes. If you have any questions, comments, or if you would like to have an additional statistic included in this report, please contact me.
August 2016 Summary Single Family Homes Sold
65
Average Original Sale Price
$2,092,022
Average List Price
$1,962,997
Average Sale Price Average
$1,857,873
Days on Market
175
August 2016 - Single Family Homes Average Sold Price by Area TOTAL SOLD ORIG AVG LIST AVERAGE LIST PRICE PRICE
AVERAGE SALE PRICE
% SALE TO LIST PRICE
GREENWICH
32
2,445,313
2,291,906
2,153,819
93.98%
COS COB
13
1,553,500
1,406,685
1,312,585
93.31%
RIVERSIDE
8
2,046,750
1,961,875
1,887,813
96.22%
OLD GREENWICH
12
1,763,492
1,689,325
1,639,456
97.05%
ALL AREAS AVG.
65
2,092,022
1,962,997
1,857,873
94.64%
August 2016 - Number of Single Family Homes Sold by Price Range Under $1M $1M - $2M $2M - $3M $3M - $4M $4M - $5M $5M - $7.5M $7.5M – 10M $10M+ TOTAL Source: Greenwich MLS
GREENWICH 5 12 8 4 3 0 0 0 32
COS COB 3 9 1 0 0 0 0 0 13
RIVERSIDE 2 2 2 2 0 0 0 0 8
OLD GREENWICH 1 9 2 0 0 0 0 0 12
TOTAL 11 32 13 6 3 0 0 0 65
Six-Month Average Sales Price Area: March 2016 – August 2016 Mar '16
Apr '16
May '16
Jun '16
Jul '16
Aug '16
3,360,475
2,016,316
2,086,526
3,183,473
2,773,371
2,153,819
981,667
1,760,000
1,466,350
1,405,625
1,269,403
1,312,585
RIVERSIDE
1,741,000
2,569,538
2,449,350
1,396,045
2,383,233
1,887,813
OLD GREENWICH
1,936,500
2,161,667
2,100,000
2,277,273
2,242,500
1,639,456
ALL AREAS
2,589,659
2,153,671
2,057,281
2,409,133
2,415,451
1,857,873
GREENWICH COS COB
Chart: Six-Month Average Sales Price by Area: March 2016 – August 2016 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 Mar '16
Apr '16
GREENWICH
May '16 COS COB
Jun '16 RIVERSIDE
Jul '16
Aug '16
OLD GREENWICH
2010 - 2016 YTD Single Family Homes Average Sale Price Area / Jan 1st – Aug 31st / year over year
GREENWICH
COS COB
RIVERSIDE
OLD GREENWICH
AVERAGE
2010
3,275,697
1,118,498
1,680,578
1,792,254
2,457,585
2011
3,193,526
1,168,015
1,775,573
1,859,884
2,497,250
2012
2,688,683
1,282,478
1,989,679
2,286,549
2,276,588
2013
2,472,145
1,241,503
1,942,202
1,807,591
2,098,101
2014
3,446,344
1,248,149
2,073,028
2,374,772
2,796,549
2015
2,920,827
1,313,106
2,440,039
2,025,361
2,482,734
2016
2,588,541
1,370,655
2,094,255
2,080,371
2,226,604
Source: Greenwich MLS
Chart: 2010 - 2016 YTD Single Family Homes Average Sale Price / Jan 1st – Aug 31st / year over year 4,000,000 3,500,000 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 GREENWICH 2010
COS COB 2011
2012
RIVERSIDE 2013
2014
OLD GREENWICH 2015
AVERAGE
2016
2010 - 2016 YTD Number of Single Family Homes Sold by Area / Jan 1st – Aug 31st / year over year GREENWICH
COS COB
RIVERSIDE
OLD GREENWICH
TOTAL
2010
175
35
64
70
344
2011
216
38
81
65
400
2012
183
52
85
67
387
2013
223
49
113
82
467
2014
238
46
71
76
431
2015
220
52
83
70
425
2016
206
66
68
62
402
Chart: 2010 - 2016 YTD Number of Single Family Homes Sold by Area / Jan 1st – Aug 31st / year over year 500 450 400 350 300 250 200 150 100 50 0 GREENWICH 2010 Source: Greenwich MLS
COS COB 2011
2012
RIVERSIDE 2013
2014
OLD GREENWICH 2015
2016
TOTAL
2010 - 2016 YTD Single Family Homes Average Days on Market by Area / Jan 1st – Aug 31st / year over year GREENWICH
COS COB
RIVERSIDE
OLD GREENWICH
AVERAGE
2010
233
175
139
110
184
2011
220
144
147
109
180
2012
194
156
103
140
160
2013
199
133
133
107
160
2014
201
104
115
105
159
2015
210
129
123
147
173
2016
210
167
145
159
184
Chart: 2010 - 2016 YTD Single Family Homes Average Days on Market by Area / Jan 1st – Aug 31st / year over year
250
200 150 100 50 0 GREENWICH 2010
Source: Greenwich MLS
COS COB 2011
2012
RIVERSIDE 2013
2014
OLD GREENWICH 2015
2016
AVERAGE
August 2016 - Single Family Homes Sold: Greenwich Address 28 Riversville Rd 3 Bolling Pl 265 Pemberwick Rd 990 North St 67 Stag Ln 137 Elm St 2 Tree Top Ter 7 Bailiwick Rd 226 Riversville Rd 29 Richmond Hill Rd 100 Woodside Dr 11 Pintail Ln 9 Old Forge Rd 315 Orchard St 18 Dingletown Rd 51 Ridge St 993 Lake Av 20 Steeple Chase 11 Maher Av 26 Byfield Ln 62 Connecticut Ave 522 North St 8 Grove Ln 20 Hawkwood Ln 4 Chieftans Rd 71 Glenville Rd 58 Parsonage Rd 29 Lindsay Dr 10 Mountain Wood Dr 311 Stanwich Rd 21 North St 542 Lake Av
Design FarmHse Colonial Cape Cod Colonial Ranch Colonial Colonial Colonial Ranch Contemp Colonial Colonial Ranch Colonial Colonial Colonial Colonial Contemp Colonial Colonial Colonial SeeRmks Colonial Contemp EngMan Colonial Colonial Colonial Colonial Colonial Colonial Colonial
Source: Greenwich MLS
Sqt 1848 1198 2136 2500 3287 2972 2688 3793 2167 4578 3447 3368 2839 3472 2963 4800 4891 2891 4350 3238 6806 4172 6750 4810 4945 7324 4700 5416 7600 6766 7722
YrBlt 1910 1923 1991 1929 1959 1908 1992 1970 1971 1959 1963 1962 1967 1961 1962 1909 1968 1981 1926 1958 2008 1965 1798 1983 1996 1969 1998 1967 1977 2016 2005 2010
YrRnv Bd 3 3 6 2015 4 3 2004 5 4 5 3 5 4 2010 6 2013 4 2006 4 2005 4 2013 3 2007 5 2009 4 2012 3 2015 5 4 2004 5 1979 5 2013 5 2016 3 2013 5 2011 6 2000 5 2011 5 6 5 6
FB 2 1 5 1 3 3 2 3 3 5 2 4 3 2 3 2 4 3 3 4 2 5 4 5 4 6 6 4 6 6 5 8
HB 0 0 0 2 1 1 1 1 0 1 1 0 0 2 1 1 1 1 1 1 1 3 1 2 1 2 2 2 2 1 1 2
Acres 0.19 0.06 0.26 0.22 5.03 0.09 0.46 1.42 1 4.1 0.33 0.37 2 0.6 1 0.14 4.18 2.18 0.23 2.07 0.14 2.37 0.7 1.15 1.6 2.5 1 2.88 2 4.23 0.49 2.46
List Price 649000 800000 949000 897000 1199000 1100000 1095000 1190000 1175000 1600000 1685000 1895000 1700000 1749000 1899000 1950000 1970000 2495000 2295000 2395000 2600000 2490000 2595000 2795000 2495000 3195000 3599000 3895000 4250000 4495000 4750000 5495000
Sold Price 640000 772200 850000 875000 950000 1025000 1105000 1120000 1120000 1300000 1620000 1650000 1650000 1690000 1750000 1915000 1970000 2200000 2200000 2300000 2310000 2400000 2472500 2500000 2550000 3150000 3250000 3725000 3950000 4425000 4512500 4975000
DOM 176 53 168 240 42 35 18 277 50 637 155 443 65 54 167 20 0 353 32 129 129 136 312 421 81 49 470 89 81 260 388 96
Close Dt 08/07/2016 08/26/2016 08/12/2016 08/18/2016 08/22/2016 08/16/2016 08/23/2016 08/01/2016 08/04/2016 08/05/2016 08/02/2016 08/19/2016 08/04/2016 08/02/2016 08/24/2016 08/15/2016 08/23/2016 08/10/2016 08/31/2016 08/04/2016 08/26/2016 08/30/2016 08/12/2016 08/12/2016 08/01/2016 08/19/2016 08/03/2016 08/17/2016 08/01/2016 08/15/2016 08/15/2016 08/15/2016
August 2016 - Single Family Homes Sold: Cos Cob Address 40 Strickland Rd 38 Strickland Rd 11 Wyndover Ln 6 School St 59 Valleywood Rd 49 Dandy Dr 451 Cognewaugh Rd 104 Orchard St 39 Pond Pl 21 Lia Fail Way 12 Randolph Pl 62 Old Stone Bridge Rd 5 Lia Fail Way
Design Tudor Tudor RaisdRnch Colonial Cape Cod Colonial Contemp FarmHse Cape Cod Contemp ShingleSty Colonial Contemp
Sqt 1241 1954 1241 2668 2064 5217 4009 1950 2884 2216 3741 3996 3690
YrBlt 1937 1937 1967 1900 1941 1962 1985 1920 1960 1940 0 1978 1951
YrRnv Bd 3 1997 4 4 2006 4 2014 4 5 4 2010 3 2004 4 2005 3 2005 5 2015 4 2014 4
FB HB Acres 1 0 0.16 2 1 0.18 3 0 0.28 4 0 0.12 2 1 0.18 3 1 1.01 3 1 2.01 2 1 0.29 3 1 0.28 3 0 2.93 3 1 0.28 2 2 1 3 0 1.63
List Price 774900 799000 899000 1295000 1225000 1395000 1450000 1444000 1325000 1495000 1795000 1895000 2495000
Sold Price 718800 735000 870000 1150000 1175000 1210000 1338800 1350000 1350000 1366000 1700000 1800000 2300000
DOM 106 251 341 63 57 310 305 90 18 408 128 176 103
Close Dt 08/03/2016 08/10/2016 08/29/2016 08/01/2016 08/25/2016 08/11/2016 08/19/2016 08/08/2016 08/12/2016 08/02/2016 08/01/2016 08/22/2016 08/01/2016
YrRnv Bd 2 3 2012 4 4 4 2005 5 5 2014 5
FB HB Acres 1 1 0.14 2 0 1.3 2 1 0.28 3 1 0.19 2 1 0.29 3 1 0.24 5 1 5 1 0.3
List Price 650000 850000 1365000 1895000 2050000 2295000 3295000 3295000
Sold Price 607500 750000 1380000 1850000 2050000 2125000 3140000 3200000
DOM 85 233 40 258 34 120 241 126
Close Dt 08/26/2016 08/18/2016 08/24/2016 08/03/2016 08/03/2016 08/18/2016 08/01/2016 08/01/2016
August 2016 - Single Family Homes Sold: Riverside Address 40 Sheephill Rd 4 Apple Tree Ln 63 Lockwood Rd 41 Riverside Ln 215 Riverside Av 28 Lake Dr 9 Crescent Rd 43 Lockwood Rd
Design FarmHse Ranch Colonial Colonial Colonial Colonial Colonial Colonial
Sqt 1275 1498 2024 3904 2585 3224 5456 4437
YrBlt 1929 1956 1967 2016 1976 1947 2015 2007
August 2016 - Single Family Homes Sold: Old Greenwich Address 25 Maple Dr 10 Marshall St 28 Marshall St 5 Lockwood Dr 2 Willow Ln 31 Old Wagon Rd 19 Nimitz Pl 9 Mortimer Dr 49 Park Av 10 Park Av 12 Binney Ln 11 Potter Dr
Source: Greenwich MLS
Design Colonial Cape Cod Cape Cod Colonial Cape Cod Colonial Cape Cod Colonial FarmHse Colonial Colonial Colonial
Sqt 1846 2840 1924 2564 2554 2609 2040 1728 2571 4257
YrBlt 1930 1949 1949 1924 1950 2001 1949 1920 1939 1910 1896 2016
YrRnv Bd FB HB 3 1 1 2016 3 2 1 2003 4 3 0 2013 4 2 1 1993 4 2 2 4 3 1 2013 5 3 0 2010 3 2 1 2006 4 2 0 2001 4 2 1 2011 5 2 2 5 4 1
Acres 0.21 0.18 0.23 0.12 0.17 0.3 0.33 0.23 0.28 0.24 0.39 0.18
List Price Sold Price 895000 757000 1150000 1179000 1357900 1339000 1595000 1500000 1485000 1500000 1695000 1500000 1485000 1550000 1595000 1595000 1625000 1600000 1799000 1700000 2695000 2603475 2895000 2850000
DOM 103 49 71 240 24 41 7 0 76 476 72 112
Close Dt 08/11/2016 08/01/2016 08/08/2016 08/12/2016 08/08/2016 08/18/2016 08/04/2016 08/04/2016 08/08/2016 08/31/2016 08/01/2016 08/31/2016
August 2016 – Co-ops and Condominiums – ALL GREENWICH AREAS Address 2 Homestead Ln 32 Greenwich Hills Dr 9 River Rd 15 River Rd 112 Greenwich Hills Dr 32 Reynolds Pl 36 Greenwich Hills Dr 333 Palmer Hill Rd 16 Rippowam Rd 51 Forest Av 51 Forest Av 25 Elm St 93 Valley Rd 392 Davis Av
Design Contemp Colonial Townhouse Contemp Townhouse Colonial Townhouse Townhouse Townhouse SeeRmks Colonial Townhouse ShoreCol Cape Cod
Sqt 714 1408 1181 1270 2112 2026 1408 1668 1686 1821 2925 1829 5418 4676
YrBlt 2005 1976 1979 1979 1976 2008 1976 1989 2000 1994 1997 1938 2016 1900
YrRnv Bd FB HB 2016 1 1 0 2016 2 2 1 2016 2 2 0 2015 2 2 0 2005 3 2 1 2 2 1 2004 3 2 1 3 2 1 2016 3 2 1 2 3 0 2007 4 3 1 2012 3 3 0 3 3 1 2016 4 2 1
List Price Sold Price 399000 395000 600000 600000 659000 635000 680000 655000 695000 675000 699000 682500 690000 690000 825000 775000 825000 820000 890000 820000 1295000 1233500 1450000 1400000 2895000 2895000 3295000 2995000
DOM 65 27 155 182 85 121 67 56 61 131 135 99 6 201
Close Dt 08/19/2016 08/25/2016 08/31/2016 08/10/2016 08/11/2016 08/15/2016 08/15/2016 08/03/2016 08/18/2016 08/10/2016 08/26/2016 08/19/2016 08/31/2016 08/22/2016
Please note that Copper Beech, 499 Indian Field Road, Greenwich, CT was sold by David Ogilvy & Associates for $120 million in 2014. This unique sale is excluded from this report so as not to skew results. This report is based on data generated by Greenwich MLS. Property and statistical data is solely for your personal non- commercial use and is deemed reliable but not guaranteed. All representations and warranties regarding the information are disclaimed. Reproduction or any other use is prohibited.