Old Greenwich - Riverside - Charles Nedder 9-2014

MARKET ACTION REPORT

August 2014

City: Old Greenwich, RiversideCharlie NedderMarket [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home

© 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 9/1/2011 through 8/31/2014. 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 $2,749,000 14% � 25% � � � �Average List Price of all Current Listings $3,340,526 5% � 35% � � � �August Median Sales Price $1,904,250 0% 2% 14% 14% $1,900,000 13% 13%August Average Sales Price $2,340,386 -6% 5% 25% 23% $2,229,032 18% 17%Total Properties Currently for Sale (Inventory) 115 -18% � -7% � � � �August Number of Properties Sold 22 -29% � -37% � 147 -25% �August Average Days on Market (Solds) 117 -14% -9% -11% -22% 140 -9% -7%Asking Price per Square Foot (based on New Listings) $733 4% -6% -12% 1% $765 10% 6%August Sold Price per Square Foot $604 -20% -10% -2% 0% $663 10% 10%August Month's Supply of Inventory 5.2 16% 5% 48% -37% 9.5 27% 15%August Sale Price vs List Price Ratio 96.5% -0.4% 2% -1% 1.0% 95.5% -0.2%

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

Property Sales August Property sales were 22, down -37.1% from 35 in August of 2013 and -29.0% lower than the 31 sales last month. August 2014 sales were at their lowestlevel compared to August of 2013 and 2012. August YTD sales of 147 are running -24.6% behind last year's year-to-date sales of 195.

Prices The Median Sales Price in August was $1,904,250, up 13.7% from $1,675,000 in August of 2013 and up 0.2% from $1,900,000 last month. The Average SalesPrice in August was $2,340,386, up 25.1% from $1,871,325 in August of 2013 and down -5.8% from $2,485,001 last month. August 2014 ASP was at highestlevel compared to August of 2013 and 2012.


August 2014





Inventory & MSI The Total Inventory of Properties available for sale as of August was 115, down -17.9% from 140 last month and down -7.3% from 124 in August of last year. August 2014 Inventory was at the lowest level compared to August of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2014 MSI of 5.2 months was at its highest levelcompared with August 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 August was 117, down -14.0% from 136days last month and down -10.7% from 131 days in August of last year. The August 2014 DOM was at its lowest level compared with August of 2013 and2012.

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 August 2014 Selling Price per Square Foot of $604 was down -20.0% from $755 last month and down -2.3% from $618 in August of last year.


August 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 August 2014 Selling Price vs List Price of 96.5% wasdown from 96.9% last month and down from 97.5% in August 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 August 2014 was 9, down -64.0% from 25 last monthand down -10.0% from 10 in August of last year.

Old Greenwich - Riverside - Charles Nedder 9-2014

Documents

Transcript of Old Greenwich - Riverside - Charles Nedder 9-2014