Riverside Old Greenwich Real Estate Statistics October 2014

8/10/2019 Riverside Old Greenwich Real Estate Statistics October 2014

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MARKET ACTION REPORT

October 2014

Zip Code: 06870,06878

Charlie Nedder

Market Specialist203-524-4303 [email protected]

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

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

Median List Price of all Current Listings $2,650,000 6% 11%

Average List Price of all Current Listings $3,297,703 3% 6%

October Median Sales Price $2,280,000 15% 13% 48% 36% $1,950,000 16% 16%

October Average Sales Price $2,179,269 -22% -11% 25% 15% $2,267,243 20% 20%

Total Properties Currently for Sale (Inventory) 115 -13% -22%

October Number of Properties Sold 10 -17% -17% 169 -23%

October Average Days on Market (Solds) 136 -11% 2% -16% -9% 140 -9% -7%

Asking Price per Square Foot (based on New Listings) $735 6% 5% -8% 2% $748 3% 4%

October Sold Price per Square Foot $755 5% 7% 27% 25% $673 13% 12%

October Month's Supply of Inventory 11.5 5% 23% -7% 39% 10.0 18% 20%

October Sale Price vs List Price Ratio 98.0% 1.0% 2% 4% 2.6% 95.6% 0.1%

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

Property Sales October Property sales were 10, down -16.7% from 12 in October of 2013 and -16.7% lower than the 12 sales last month. October 2014 sales were at theirlowest level compared to October of 2013 and 2012. October YTD sales of 169 are running -22.8% behind last year's year-to-date sales of 219.

Prices The Median Sales Price in October was $2,280,000, up 47.7% from $1,543,300 in October of 2013 and up 14.8% from $1,986,750 last month. The AverageSales Price in October was $2,179,269, up 24.5% from $1,751,050 in October of 2013 and down -22.4% from $2,808,650 last month. October 2014 ASP wasat highest level compared to October of 2013 and 2012



at highest level compared to October of 2013 and 2012


October 2014

Zip Code: 06870,06878

Charlie Nedder



Inventory & MSI The Total Inventory of Properties available for sale as of October was 115, down -12.9% from 132 last month and down -22.3% from 148 in October of lastyear. October 2014 Inventory was at the lowest level compared to October of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2014 MSI of 11.5 months was at its lowest levelcompared with October 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 October was 136, down -10.5% from 152days last month and down -15.5% from 161 days in October of last year. The October 2014 DOM was at its lowest level compared with October of 2013 and2012.




October 2014

Zip Code: 06870,06878

Charlie Nedder



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 October 2014 Selling Price vs List Price of 98.0% wasup from 97.0% last month and up from 94.7% in October 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 October 2014 was 18, down -47.1% from 34 lastmonth and down -25.0% from 24 in October of last year.




October 2014

Zip Code: 06870, 06878Charlie Nedder



© 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 Residential

Brokerage 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 11/1/2011 through 10 /31/2014. 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.

N 11 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 J A S O

Homes Sold 8 13 6 7 18 14 20 26 31 30 14 10 16 19 11 11 13 23 27 38 37 35 12 12 14 18 18 6 8 16 15 31 31 22 12 103 Mo. Roll Avg 9 9 10 13 17 20 26 29 25 18 13 15 15 14 12 16 21 29 34 37 28 20 13 15 17 14 11 10 13 21 26 28 22 15

(000's) N 11 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 J A S O

MedianSalePrice 1,625 1,495 2,200 2,195 993 1,263 1,753 1,560 1,800 1,673 1,773 1,441 1,408 2,050 1,200 1,963 1,810 1,585 1,875 1,750 1,625 1,675 918 1,543 1,619 1,376 2,150 3,265 1,100 1,835 1,600 1,700 1,900 1,904 1,987 2,280

3 Mo. Roll Avg 1,773 1,963 1,796 1,483 1,336 1,525 1,704 1,678 1,748 1,629 1,540 1,633 1,552 1,737 1,658 1,786 1,757 1,737 1,750 1,683 1,406 1,379 1,360 1,513 1,715 2,264 2,172 2,067 1,512 1,712 1,733 1,835 1,930 2,057


Inventory 149 124 140 156 182 194 202 192 171 148 156 157 137 106 114 129 141 174 190 172 153 127 150 148 132 97 89 114 126 154 183 164 144 123 132 115MSI 19 10 23 22 10 14 10 7 6 5 11 16 9 6 10 12 11 8 7 5 4 4 13 12 9 5 5 19 16 10 12 5 5 6 11 12


Days On Market 177 215 131 166 192 171 183 145 126 126 169 304 180 248 172 201 192 152 156 141 155 131 142 161 138 129 143 344 136 127 138 126 136 117 152 1363 Mo. Roll Avg 174 171 163 176 182 166 151 132 140 200 218 244 200 207 188 182 167 150 151 142 143 145 147 143 137 205 208 202 134 130 133 126 135 135


Price per Sq Ft 573 591 614 598 579 485 574 596 616 589 828 548 539 626 568 632 610 572 595 612 597 618 552 593 657 537 701 640 547 665 633 640 755 604 721 7553 Mo. Roll Avg 593 601 597 554 546 552 595 600 678 655 638 571 578 609 603 605 592 593 601 609 589 588 601 596 632 626 629 617 615 646 676 666 693 693


Sale to List Price 0.961 0.921 0.938 0.930 0.942 0.926 0.932 0.939 0.960 0.957 0.961 0.952 0.955 0.933 0.945 0.944 0.953 0.961 0.963 0.974 0.961 0.975 0.952 0.947 0.958 0.928 0.953 0.980 0.961 0.976 0.948 0.958 0.969 0.965 0.970 0.980

3 Mo. Roll Avg 0.940 0.930 0.937 0.933 0.933 0.932 0.944 0.952 0.959 0.957 0.956 0.947 0.944 0.941 0.947 0.953 0.959 0.966 0.966 0.970 0.963 0.958 0.952 0.944 0.946 0.954 0.965 0.972 0.962 0.961 0.958 0.964 0.968 0.972


New Listings 13 6 30 33 50 39 42 27 21 19 34 25 9 2 24 34 30 64 49 31 34 10 44 24 5 0 21 35 30 52 48 28 25 9 34 18Inventory 149 124 140 156 182 194 202 192 171 148 156 157 137 106 114 129 141 174 190 172 153 127 150 148 132 97 89 114 126 154 183 164 144 123 132 115Sales 8 13 6 7 18 14 20 26 31 30 14 10 16 19 11 11 13 23 27 38 37 35 12 12 14 18 18 6 8 16 15 31 31 22 12 10

(000's) N 11 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 J A S O

Avg Sale Price 1,932 1,948 2,506 2,800 1,960 1,327 1,997 2,234 2,332 2,117 3,047 1,649 1,980 2,606 1,697 2,168 1,924 1,718 2,013 2,022 1,729 1,871 2,044 1,751 2,100 1,544 2,230 3,247 1,866 2,031 2,006 2,001 2,485 2,340 2,809 2,179

3 Mo. Roll Avg 2,129 2,418 2,422 2,029 1,761 1,853 2,188 2,228 2,499 2,271 2,225 2,078 2,094 2,157 1,930 1,937 1,885 1,917 1,921 1,874 1,882 1,889 1,965 1,798 1,958 2,340 2,448 2,381 1,967 2,012 2,164 2,275 2,545 2,443

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Riverside Old Greenwich Real Estate Statistics October 2014