4th Quarter 2014

Greenwich, CT
Real Estate Retrospective
Quarter 4 - YTD 2014
Prepared by Linda Davison Michonski

Cell: 203-561-0694
Coldwell Banker Previews

International
Work: 203-622-1100
189 Mason Street, Greenwich, CT
Email: Linda.Michonski@cbmoves.com
www.coldwellbankerpreviews.com
www.lindamichonski.com
Greenwich Market Summary
The 2014 Greenwich Real Estate Market has improved significantly over last last year and the long hoped for turnaround in the market
seems to have been confirmed by the 2014 figures.
Single Family data shows an average sale price of $2,690,000 up 20% over last years price of $2,245,000. However, there was one
extremely large sale of $120,000,000 on Mead Point which has skewered the numbers upward. Without this sale the Single Family
average price adjusts to $2,495,000.
(I have taken this sale out of the report as it is a more accurate reflection of our market).
Still, even without the one large sale, average prices rose 11% or $250,000. And if we use the $2,495,000 figure as a more accurate
reading of average price for Greenwich, we see that, alas, prices have turned after six years of falling. See the Single Family chart for
the good news.
In addition, while the $2,495,000 average price puts us $500,000 below the all- time high of $3,012,000 in 2007, I am sure you agree we
are all happy to see prices stop falling and turn around. Indicative of that turn-around is the Median Price (which is not so influenced by
one sale) which rose to $1,881,500, a SIX year high.
Condominium and Coop average sold prices showed an increase, too, of 8% at
$861,000 over last years price of $794,000. And the Median Condo and Coop price was $682,000, up from $635,000.
Single Family Market Data
Single Family:
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Median* Price
$ 1,075,000
$ 1,120,000
$ 1,130,000
$ 1,240,000
$ 1,650,000
$ 1,800,000
$ 1,900,000
$ 2,295,000
$ 1,900,000
$ 1,681,500
$ 1,725,000
$ 1,650,000
$ 1,661,250
$ 1,693,750
$ 1,881,500
*Median Price - that price above and below which 50% of unit sales occur in any one year.
Data compiled and presented by www.PowerMarketing.pro. Derived from data courtesy of Greenwich Multiple Listing Service
Single Family:
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Average* Price
$ 1,740,699
$ 1,639,654
$ 1,838,005
$ 1,831,552
$ 2,338,219
$ 2,576,327
$ 2,687,400
$ 3,012,134
$ 2,822,185
$ 2,668,805
$ 2,518,863
$ 2,428,300
$ 2,383,910
$ 2,245,169
$ 2,495,603
*Average - volume of sales divided by the number of unit sales.

Single Family:
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
# of Units Sold
788
655
754
737
834
740
600
629
398
333
482
527
580
644
607
Unit - one single family home sale.

All current year data is through quarter 4, then annualized.
Single Family:
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
$ Volume of Sales
1,371,671,142
1,073,973,549
1,385,855,759
1,349,853,499
1,950,074,758
1,906,482,158
1,612,440,198
1,894,631,985
1,123,229,665
888,712,211
1,214,091,784
1,279,714,162
1,382,667,866
1,450,378,852
1,633,230,896
$ Volume of Sales - the value of all the properties sold in this category.
Single Family:
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
# of New Listings
746
689
713
758
890
1,314
1,257
1,196
1,106
1,023
1,106
1,027
1,059
1,116
1,123
Condos and Coops Market Data
Condos and Coops:

Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Median* Price
$ 381,000
$ 475,000
$ 477,000
$ 550,000
$ 592,500
$ 606,250
$ 700,000
$ 740,000
$ 725,000
$ 597,800
$ 602,500
$ 600,000
$ 575,000
$ 635,000
$ 682,000
*Median Price - that price above and below which 50% of unit sales occur in any one year.
Condos and Coops:

Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
Average* Price
$ 437,556
$ 517,617
$ 581,930
$ 610,177
$ 713,987
$ 818,468
$ 919,820
$ 1,019,211
$ 919,786
$ 809,357
$ 747,011
$ 779,334
$ 804,519
$ 794,838
$ 861,862
*Average - volume of sales divided by unit sales.

Condos and Coops:

Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
# of Units Sold
226
190
243
239
232
262
213
185
123
92
160
129
145
195
187
Unit - one condo or coop home sale.

Condos and Coops:

Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
$ Volume of Sales
98,887,550
98,347,169
141,409,087
145,832,235
165,644,890
214,438,717
195,921,658
188,554,037
113,133,624
74,460,833
119,521,692
100,534,050
116,655,187
154,993,352
161,168,158
Condos and Coops:

Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
# of New Listings
218
209
241
231
283
380
437
428
383
308
302
286
268
290
291
Listings - includes no single family homes, only condos and coops.

Real Estate Market Report Year To Date 2014

Q4 - YTD 2013 vs Q4 - YTD 2014
2013
2014
# of New Listings
Single Family
Condos and Coops
1,116
290
1,123
291
# of Units Sold
Single Family
Condos and Coops
644
195
607
187
$ 1,450,378,852
$ 154,993,352
$ 1,633,230,896
$ 161,168,158
13 % Up
4 % Up
Average Sales Prices

Single Family
Condos and Coops
$ 2,245,169
$ 794,838
$ 2,495,603
$ 861,862
11 % Up
8 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,693,750
$ 635,000
$ 1,881,500
$ 682,000
11 % Up
7 % Up
$ Volume of Sold Units

Single Family
Condos and Coops
1 % Up
0 % Up
6 % Down
4 % Down
Unlike the charts which have annualized the quarterly data, here the actual YTD quarterly data is compared to the same period in the prior year.
Real Estate Market Report Year Ending 2013

2012 vs 2013
2012
2013
# of New Listings
Single Family
Condos and Coops
1,059
268
1,116
290
5 % Up
8 % Up
# of Units Sold
Single Family
Condos and Coops
580
145
644
195
11 % Up
34 % Up
$ 1,382,667,866
$ 116,655,187
$ 1,450,378,852
$ 154,993,352
5 % Up
33 % Up

Single Family
Condos and Coops
$ 2,383,910
$ 804,519
$ 2,245,169
$ 794,838
Median Sales Prices

Single Family
Condos and Coops
$ 1,661,250
$ 575,000
$ 1,693,750
$ 635,000

Single Family
Condos and Coops
6 % Down
1 % Down
2 % Up
10 % Up

2011 vs 2012
2011
2012
# of New Listings
Single Family
Condos and Coops
1,027
286
1,059
268
# of Units Sold
Single Family
Condos and Coops
527
129
580
145
10 % Up
12 % Up
$ 1,279,714,162
$ 100,534,050
$ 1,382,667,866
$ 116,655,187
8 % Up
16 % Up

Single Family
Condos and Coops
$ 2,428,300
$ 779,334
$ 2,383,910
$ 804,519
2 % Down
3 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,650,000
$ 600,000
$ 1,661,250
$ 575,000
1 % Up
4 % Down

Single Family
Condos and Coops
3 % Up
6 % Down

2010 vs 2011
2010
2011
# of New Listings
Single Family
Condos and Coops
1,106
302
1,027
286
7 % Down
5 % Down
# of Units Sold
Single Family
Condos and Coops
482
160
527
129
9 % Up
19 % Down
$ 1,214,091,784
$ 119,521,692
$ 1,279,714,162
$ 100,534,050
5 % Up
16 % Down

Single Family
Condos and Coops
$ 2,518,863
$ 747,011
$ 2,428,300
$ 779,334
4 % Down
4 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,725,000
$ 602,500
$ 1,650,000
$ 600,000
4 % Down
0 % Down

Single Family
Condos and Coops

2009 vs 2010
2009
2010
# of New Listings
Single Family
Condos and Coops
1,023
308
1,106
302
# of Units Sold
Single Family
Condos and Coops
333
92
482
160
45 % Up
74 % Up
$ 888,712,211
$ 74,460,833
$ 1,214,091,784
$ 119,521,692
37 % Up
61 % Up

Single Family
Condos and Coops
$ 2,668,805
$ 809,357
$ 2,518,863
$ 747,011
6 % Down
8 % Down
Median Sales Prices

Single Family
Condos and Coops
$ 1,681,500
$ 597,800
$ 1,725,000
$ 602,500
3 % Up
1 % Up

Single Family
Condos and Coops
8 % Up
2 % Down

2008 vs 2009
2008
2009
# of New Listings
Single Family
Condos and Coops
1,106
383
1,023
308
8 % Down
20 % Down
# of Units Sold
Single Family
Condos and Coops
398
123
333
92
16 % Down
25 % Down
$ 1,123,229,665
$ 113,133,624
$ 888,712,211
$ 74,460,833
21 % Down
34 % Down

Single Family
Condos and Coops
$ 2,822,185
$ 919,786
$ 2,668,805
$ 809,357
5 % Down
12 % Down
Median Sales Prices

Single Family
Condos and Coops
$ 1,900,000
$ 725,000
$ 1,681,500
$ 597,800
12 % Down
18 % Down

Single Family
Condos and Coops

2007 vs 2008
2007
2008
# of New Listings
Single Family
Condos and Coops
1,196
428
1,106
383
8 % Down
11 % Down
# of Units Sold
Single Family
Condos and Coops
629
185
398
123
37 % Down
34 % Down
$ 1,894,631,985
$ 188,554,037
$ 1,123,229,665
$ 113,133,624
41 % Down
40 % Down

Single Family
Condos and Coops
$ 3,012,134
$ 1,019,211
$ 2,822,185
$ 919,786
6 % Down
10 % Down
Median Sales Prices

Single Family
Condos and Coops
$ 2,295,000
$ 740,000
$ 1,900,000
$ 725,000
17 % Down
2 % Down

Single Family
Condos and Coops

2006 vs 2007
2006
2007
# of New Listings
Single Family
Condos and Coops
1,257
437
1,196
428
5 % Down
2 % Down
# of Units Sold
Single Family
Condos and Coops
600
213
629
185
5 % Up
13 % Down
$ 1,612,440,198
$ 195,921,658
$ 1,894,631,985
$ 188,554,037
18 % Up
4 % Down

Single Family
Condos and Coops
$ 2,687,400
$ 919,820
$ 3,012,134
$ 1,019,211
12 % Up
11 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,900,000
$ 700,000
$ 2,295,000
$ 740,000
21 % Up
6 % Up

Single Family
Condos and Coops

2005 vs 2006
2005
2006
# of New Listings
Single Family
Condos and Coops
1,314
380
1,257
437
4 % Down
15 % Up
# of Units Sold
Single Family
Condos and Coops
740
262
600
213
19 % Down
19 % Down
$ 1,906,482,158
$ 214,438,717
$ 1,612,440,198
$ 195,921,658
15 % Down
9 % Down

Single Family
Condos and Coops
$ 2,576,327
$ 818,468
$ 2,687,400
$ 919,820
4 % Up
12 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,800,000
$ 606,250
$ 1,900,000
$ 700,000
6 % Up
15 % Up

Single Family
Condos and Coops

2004 vs 2005
2004
2005
# of New Listings
Single Family
Condos and Coops
890
283
1,314
380
# of Units Sold
Single Family
Condos and Coops
834
232
740
262
11 % Down
13 % Up
$ 1,950,074,758
$ 165,644,890
$ 1,906,482,158
$ 214,438,717
2 % Down
29 % Up

Single Family
Condos and Coops
$ 2,338,219
$ 713,987
$ 2,576,327
$ 818,468
10 % Up
15 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,650,000
$ 592,500
$ 1,800,000
$ 606,250
9 % Up
2 % Up

Single Family
Condos and Coops
48 % Up
34 % Up

2003 vs 2004
2003
2004
# of New Listings
Single Family
Condos and Coops
758
231
890
283
17 % Up
23 % Up
# of Units Sold
Single Family
Condos and Coops
737
239
834
232
13 % Up
3 % Down
$ 1,349,853,499
$ 145,832,235
$ 1,950,074,758
$ 165,644,890
44 % Up
14 % Up

Single Family
Condos and Coops
$ 1,831,552
$ 610,177
$ 2,338,219
$ 713,987
28 % Up
17 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,240,000
$ 550,000
$ 1,650,000
$ 592,500
33 % Up
8 % Up

Single Family
Condos and Coops

2002 vs 2003
2002
2003
# of New Listings
Single Family
Condos and Coops
713
241
758
231
6 % Up
4 % Down
# of Units Sold
Single Family
Condos and Coops
754
243
737
239
2 % Down
2 % Down
$ 1,385,855,759
$ 141,409,087
$ 1,349,853,499
$ 145,832,235
3 % Down
3 % Up

Single Family
Condos and Coops
$ 1,838,005
$ 581,930
$ 1,831,552
$ 610,177
0 % Down
5 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,130,000
$ 477,000
$ 1,240,000
$ 550,000

Single Family
Condos and Coops
10 % Up
15 % Up

2001 vs 2002
2001
2002
# of New Listings
Single Family
Condos and Coops
689
209
713
241
3 % Up
15 % Up
# of Units Sold
Single Family
Condos and Coops
655
190
754
243
15 % Up
28 % Up
$ 1,073,973,549
$ 98,347,169
$ 1,385,855,759
$ 141,409,087
29 % Up
44 % Up

Single Family
Condos and Coops
$ 1,639,654
$ 517,617
$ 1,838,005
$ 581,930
12 % Up
12 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,120,000
$ 475,000
$ 1,130,000
$ 477,000
1 % Up
0 % Up

Single Family
Condos and Coops

2000 vs 2001
2000
2001
# of New Listings
Single Family
Condos and Coops
746
218
689
209
8 % Down
4 % Down
# of Units Sold
Single Family
Condos and Coops
788
226
655
190
17 % Down
16 % Down
$ 1,371,671,142
$ 98,887,550
$ 1,073,973,549
$ 98,347,169
22 % Down
1 % Down

Single Family
Condos and Coops
$ 1,740,699
$ 437,556
$ 1,639,654
$ 517,617
6 % Down
18 % Up
Median Sales Prices

Single Family
Condos and Coops
$ 1,075,000
$ 381,000
$ 1,120,000
$ 475,000
4 % Up
25 % Up

Single Family
Condos and Coops
Disclaimer of Liability
While the Market Report can give an accurate indication of sales, volume and prices in a market, its
accuracy depends on the data entered into it by the agent providing the report and/or the entity
supplying the information. Power Marketing.pro, Inc specifically disclaims any liability for mistakes
found in the Market Report. All information should be independently checked against publicly available
sources. Power Marketing.pro, Inc is not responsible for errors of information inputted by the user that
results in inaccurate data.

4th Quarter 2014

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4th Quarter 2014

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Greenwich, CT

Real Estate Retrospective

Quarter 4 - YTD 2014

Prepared by Linda Davison Michonski

Coldwell Banker Previews

189 Mason Street, Greenwich, CT

Greenwich Market Summary

Single Family Market Data

*Average - volume of sales divided by the number of unit sales.

Unit - one single family home sale.

Condos and Coops Market Data

Condos and Coops:

Condos and Coops:

*Average - volume of sales divided by unit sales.

Condos and Coops:

Unit - one condo or coop home sale.

Condos and Coops:

Condos and Coops:

Listings - includes no single family homes, only condos and coops.

Real Estate Market Report Year To Date 2014

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2013

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2012

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2011

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2010

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2009

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2008

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2007

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2006

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2005

Average Sales Prices

Median Sales Prices

$ Volume of Sold Units

Real Estate Market Report Year Ending 2004

Average Sales Prices

Median Sales Prices