Greenwich Real Estate Update June 2014 Charles Nedder

MARKET ACTION REPORT

June 2014

City: Cos Cob, Greenwich, OldGreenwich, Riverside

Charlie NedderMarket [email protected]

Price Range: $0 to $999,999,000 | Properties: Townhome, Condo

2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and theEqual Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registeredservice marks owned by Coldwell Banker Real Estate LLC.

Based on information from Greenwich Association of Realtors, Inc. for the period 7/1/2011 through 6/30/2014. Due to MLS reporting methods and allowable reportingpolicy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $855,000 Average List Price of all Current Listings $1,244,982 June Median Sales Price $769,000 $665,000June Average Sales Price $1,140,684 $800,045Total Properties Currently for Sale (Inventory) 129 June Number of Properties Sold 19 85June Average Days on Market (Solds) 180 184Asking Price per Square Foot (based on New Listings) $528 $531June Sold Price per Square Foot $485 $464June Month's Supply of Inventory 6.8 9.4June Sale Price vs List Price Ratio 96.7% 95.7%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

June Property sales were 19, down -24.0% from 25 in June of 2013 and -9.5% lower than the 21 sales last month. June 2014 sales were at a mid levelcompared to June of 2013 and 2012. June YTD sales of 85 are running -10.5% behind last year's year-to-date sales of 95.

Prices

The Median Sales Price in June was $769,000, up 10.0% from $699,000 in June of 2013 and up 40.1% from $549,000 last month. The Average Sales Price inJune was $1,140,684, up 33.1% from $857,228 in June of 2013 and up 74.7% from $652,810 last month. June 2014 ASP was at highest level compared toJune of 2013 and 2012.


June 2014






Inventory & MSI

The Total Inventory of Properties available for sale as of June was 129, down -7.9% from 140 last month and down -26.3% from 175 in June of last year. June2014 Inventory was at the lowest level compared to June of 2013 and 2012.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2014 MSI of 6.8 months was at its lowest levelcompared with June of 2013 and 2012.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for June was 180, up 0.6% from 179 days lastmonth and down -12.6% from 206 days in June of last year. The June 2014 DOM was at its lowest level compared with June of 2013 and 2012.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impactedby the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The June 2014 Selling Price per Square Foot of $485 was up 2.3% from $474 last month and up 12.8% from $430 in June of last year.


June 2014






Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The June 2014 Selling Price vs List Price of 96.7% was downfrom 97.0% last month and up from 95.9% in June of last year.

Inventory / New Listings / Sales

'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in June 2014 was 28, down -3.4% from 29 last monthand up 12.0% from 25 in June of last year.


June 2014

City: Cos Cob, Greenwich, Old Greenwich,Riverside



2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker ResidentialBrokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.

Based on information from Greenwich Association of Realtors, Inc. for the period 7/1/2011 through 6/30/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not becompletely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

J 11 A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M J

Homes Sold 15 22 9 10 10 10 10 5 7 9 10 18 11 15 15 12 11 22 11 8 13 17 21 25 28 16 16 15 11 14 9 9 14 13 21 193 Mo. Roll Avg 15 14 10 10 10 8 7 7 9 12 13 15 14 14 13 15 15 14 11 13 17 21 25 23 20 16 14 13 11 11 11 12 16 18

(000's) J 11 A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M JMedianSalePrice 565 628 670 425 506 638 594 475 700 580 984 520 650 575 432 760 538 580 579 365 425 725 615 699 705 659 621 607 975 730 682 455 844 545 549 7693 Mo. Roll Avg 621 574 534 523 579 569 590 585 755 695 718 582 552 589 577 626 565 508 456 505 588 680 673 688 662 629 734 771 796 622 660 615 646 621

J 11 A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M JInventory 194 168 176 178 178 163 163 177 193 197 197 186 186 178 170 173 161 134 153 161 171 184 191 175 162 151 149 140 129 99 102 112 121 140 140 129MSI 13 8 20 18 18 16 16 35 28 22 20 10 17 12 11 14 15 6 14 20 13 11 9 7 6 9 9 9 12 7 11 12 9 11 7 7

J 11 A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M JDays On Market 251 284 251 237 159 333 208 276 279 268 300 241 310 353 128 136 185 193 225 290 134 236 259 206 172 187 170 106 232 162 209 179 233 136 179 1803 Mo. Roll Avg 262 257 216 243 233 272 254 274 282 270 284 301 264 206 150 171 201 236 216 220 210 234 212 188 176 154 169 167 201 183 207 183 183 165

J 11 A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M JPrice per Sq Ft 393 439 450 397 396 501 389 344 421 483 526 355 367 487 447 417 398 504 372 432 422 485 431 430 400 456 451 436 470 428 434 433 453 459 474 4853 Mo. Roll Avg 427 429 414 431 429 411 385 416 477 455 416 403 434 450 421 440 425 436 409 446 446 449 420 429 436 448 452 445 444 432 440 448 462 473

J 11 A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M JSale to List Price 0.949 0.937 0.940 0.939 0.935 0.913 0.951 0.954 0.929 0.956 0.912 0.935 0.944 0.917 0.978 0.968 0.938 0.945 0.954 0.951 0.965 0.930 0.961 0.959 0.957 0.952 0.945 0.971 0.937 0.965 0.942 0.948 0.942 0.958 0.970 0.9673 Mo. Roll Avg 0.942 0.939 0.938 0.929 0.933 0.939 0.945 0.946 0.932 0.934 0.930 0.932 0.946 0.954 0.961 0.950 0.946 0.950 0.957 0.949 0.952 0.950 0.959 0.956 0.951 0.956 0.951 0.958 0.948 0.952 0.944 0.949 0.957 0.965

J 11 A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M JNew Listings 20 12 36 25 18 8 24 26 29 24 30 25 20 18 25 20 13 13 39 23 38 33 32 25 23 20 25 19 8 5 15 25 30 39 29 28Inventory 194 168 176 178 178 163 163 177 193 197 197 186 186 178 170 173 161 134 153 161 171 184 191 175 162 151 149 140 129 99 102 112 121 140 140 129Sales 15 22 9 10 10 10 10 5 7 9 10 18 11 15 15 12 11 22 11 8 13 17 21 25 28 16 16 15 11 14 9 9 14 13 21 19

(000's) J 11 A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F M A M JAvg Sale Price 579 880 971 541 612 1,163 588 458 1,229 825 896 529 688 1,250 839 939 625 769 686 513 771 969 754 857 737 788 839 662 940 904 658 461 1,046 609 653 1,1413 Mo. Roll Avg 810 798 708 772 787 736 758 837 983 750 704 822 926 1,010 801 778 693 656 657 751 832 860 783 794 788 763 813 835 834 674 721 705 769 801

Greenwich Real Estate Update June 2014 Charles Nedder

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