Greenwich, CT Home Sales Report, February, 2012

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

February, 2012

February, 2011

YTD 2012

YTD 2011

% Change Month

% Change YTD

$ $

1,891,276 $ 1,748,862 $ 92.5% 165 29

3,142,782 $ 2,808,516 $ 89.4% 213 29

2,269,234 $ 2,050,063 $ 90.3% 146 68

2,627,523 2,381,572 90.6% 176 73

-39.8% -37.7% 3.5% -22.5% 0.0%

-13.6% -13.9% -0.3% -17.0% -6.8%

February - Sold Residential Real Estate Price Comparison

$3,500,000 $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

$February, 2012 February, 2011 YTD 2012 YTD 2011

Greenwich Residential Real Estate Market in February does not show signs of gaining traction for the new year. A huge 39.8% drop in average list price of residential property vs. February of last year. A very substantial sale in downtown central Greenwich has pulled the condominium average up from this February of $457,600 vs. last February's average condo price of $237,000.
We are in a very opportunistic time in the real estate market. There are great opportunities for Buyers, Sellers and Investors. 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 February, 2012

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

February, 2012
$ $

February, 2011

YTD 2012

YTD 2011
3,106,500 2,817,955 90.7% 168 57

% Change Month
-34.5% -32.2% 3.5% -30.0% -11.5%

% Change YTD
-8.7% -9.3% -0.7% -20.8% -10.5%

2,267,304 $ 2,095,174 $ 92.4% 145 23

3,459,346 $ 3,089,306 $ 89.3% 207 26

2,837,596 $ 2,555,162 $ 90.0% 133 51

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

February, 2012
$ $

February, 2011

YTD 2012

YTD 2011
919,062 831,936 90.5% 145 11

% Change Month
75.3% 92.7% 9.9% 137.7% 150.0%

% Change YTD
-40.7% -30.9% 16.5% 39.3% 36.4%

480,000 $ 457,600 $ 95.3% 271 5

273,842 $ 237,500 $ 86.7% 114 2

544,733 $ 574,467 $ 105.5% 202 15

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

February, 2012
0.0% $ $

February, 2011
0.0% -

YTD 2012
$ $ 675,000 680,000 100.7% 39 1

YTD 2011
$ $ 592,000 527,500 89.1% 254 2

% Change Month
0.0% 0.0% 0.0% 0.0% 0.0%

% Change YTD
14.0% 28.9% 13.1% -84.6% -50.0%

Snapshot of Marketplace - Single Family March 1, 2012 Homes

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 $

Condominiums / Co-Ops

Multi-Family

Total Sales Comparison across all residential property types*

789 3,446,786 214 130 68 2,050,063 23.2

531 4,293,845 $ 205 94 51 2,095,174 $ 20.8

158 1,176,844 200 20 15 574,467 21.1 $ $

25 1,156,324 $ 320 6 1 527,500 $ 50.0

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