Greenwich, CT Home Sales Report, July 2011

Total Sales Comparison across all residential property types*

Average List Price of homes that sold Average Sale Price Sales/List Ratio Average Days on Market Number Sold

July, 2011

July, 2010

YTD 2011

YTD 2010

% Change % Change Month YTD

$ $

2,589,000 2,355,000 91.0% 169 60

$ $

2,488,000 2,273,000 91.4% 171 72

$ $

2,314,000 2,118,000 91.5% 176 392

$ $

2,241,000 2,056,000 91.7% 184 402

4.1% 3.6% -0.4% -1.2% -16.7%

3.3% 3.0% -0.2% -4.3% -2.5%

July - Sold Residential Real Estate Price Comparison

$3,000,000

$2,500,000

$2,000,000

$1,500,000

Average List Price of homes that sold

Average Sale Price $1,000,000

$500,000

$July, 2011 July, 2010 YTD 2011 YTD 2010

The Greenwich Residential Real Estate Market continues to maintain a steady YTD increase of 3% in average sold price, over this time last year. This July, Greenwich Single Family homes posted an impressive 19% increase in average sold price, relative to last year's July. This is increase was pulled up largely by a single $33 mil. transaction on Meadow Lane. The Greenwich Condominium market showed a strong July with 15 sales, but YTD, this segment is still down overall. We are in a very opportunistic time in the real estate market. There are great opportunities for Buyers, Sellers and investo rs. Call us at the Higgins Group Greenwich office for professional advice on any of your real estate needs.
Higgins Group Greenwich - (203) 629-2900

HigginsGroup.com
Source: Greenwich Consolidated Multiple Listing Service * Includes Single Family, Multi-Family, Land, Condo & Co-Op. Does not include Commercial or Rental properties.

Greenwich, CT Home Sales Report July 2011

Single Family Homes
Average List Price Average Sale Price Sales/List Ratio Average Days on Market Number Sold

July, 2011
$ $ 3,337,000 3,030,000 90.8% 149 43 $ $

July. 2010
2,829,000 2,549,000 90.1% 169 55

YTD 2011
$ $ 2,812,000 2,576,000 91.6% 174 349 $ $

YTD 2010
2,722,000 2,496,000 91.7% 173 293

% Change % Change Month YTD

18.0% 18.9% 0.8% -11.8% -21.8% 3.3% 3.2% -0.1% 0.6% 19.1%

Condominiums
Average List Price Average Sale Price Sales/List Ratio Average Days on Market Number Sold

July, 2011
$ $ 613,700 579,700 94.5% 233 15 $ $

July. 2010
861,400 803,000 93.2% 181 12

YTD 2011
$ $ 777,000 724,700 93.3% 182 68 $ $

YTD 2010
828,700 756,400 91.3% 212 92

% Change % Change Month YTD

-28.8% -27.8% 1.3% 28.7% 25.0% -6.2% -4.2% 2.2% -14.2% -26.1%

Multi-Family
Average List Price Average Sale Price Sales/List Ratio Average Days on Market Number Sold

July, 2011
$ $ 650,000 470,000 72.3% 114 1 $ $

July. 2010
759,000 690,000 90.9% 113 1 $ $

YTD 2011
638,600 576,300 90.2% 201 10 $ $

YTD 2010
758,000 653,000 86.1% 268 11

% Change % Change Month YTD

-14.4% -31.9% -20.5% 0.9% 0.0% -15.8% -11.7% 4.8% -25.0% -9.1%

Snapshot of Marketplace July 1, 2011

Total Active Residential Listings Average List Price currently on market Average DOM Number of Pending sales Number of Sales YTD Average Closed Price YTD Months of Inventory $

Single Family Homes

581 $ 4,350,000 188 91 349 3,030,000 11.7

Condominiums

Multi-Family

Total Sales Comparison across all residential property types*

155 $ 1,143,000 197 32 68 $ 724,700 16.0 $ $

45 1,120,000 $ 268 11 10 653,000 $ 31.5

1,027 3,260,000 190 166 392 2,118,000 18.3

Source: Greenwich Consolidated Multiple Listing Service * Includes Single Family, Multi-Family, Land, Condo & Co-Op. Does not include Commercial or Rental properties.