OLD GREENWICH MARKET SUMMARY – SEPTEMBER 2018

Statistic Sep-18 Sep-17 % Chg 2018 YTD 2017 YTD % Chg
Absorption Rate 8.86 10.3 -13.98 10.04 8.42 19.24
Average Sale Price 1,314,833 3,298,750 -60.14 1,953,468 2,273,458 -14.08
Median Sale Price 1,529,500 2,981,750 -48.7 1,750,000 1,900,500 -7.92
Average CDOM 56 200 -72 148 145 2.07
Median CDOM 36 160 -77.5 75 98 -23.47
Sale Price/Original List Price  99.6%  89.1%  11.78      
             
Sold Listings            
Price Range Sep-18 Sep-17 % Chg 2018 YTD 2017 YTD % Chg
0-999,999 1 0 N/A 20 11 81.8
1,000,000-1,999,999 2 3 -33.3 26 28 -7.1
2,000,000-3,999,999 0 0 0 23 20 15
4,000,000-6,999,999 0 3 -100 5 9 -44.4
7,000,000+ 0 0 0 1 1 0
Totals 3 6 -50 75 69 8.7
             
             
Pending Listings            
Price Range Sep-18 Sep-17 % Chg 2018 YTD 2017 YTD % Chg
0-999,999 1 1 0 19 11 72.7
1,000,000-1,999,999 2 4 -50 25 28 -10.7
2,000,000-3,999,999 1 2 -50 25 21 19
4,000,000-6,999,999 0 1 -100 7 8 -12.5
7,000,000+ 0 1 -100 1 3 -66.7
Totals 4 9 -55.6 77 71 8.5
             
             
Active Listings            
Price Range Sep-18 Sep-17 % Chg 2018 YTD 2017 YTD % Chg
0-999,999 14 9 55.6 41 27 51.9
1,000,000-1,999,999 23 29 -20.7 69 64 7.8
2,000,000-3,999,999 32 38 -15.8 88 79 11.4
4,000,000-6,999,999 9 12 -25 19 25 -24
7,000,000+ 1 3 -66.7 3 5 -40
Totals 79 91 -13.2 220 200 10
             
             
New Listings            
Price Range Sep-18 Sep-17 % Chg 2018 YTD 2017 YTD % Chg
0-999,999 5 7 -28.6 37 21 76.2
1,000,000-1,999,999 5 4 25 57 49 16.3
2,000,000-3,999,999 3 7 -57.1 60 58 3.4
4,000,000-6,999,999 0 2 -100 11 13 -15.4
7,000,000+ 0 0 0 2 3 -33.3
Totals 13 20 -35 167 144 16

September Sold Listings

Address

Sale Price

List Price Sale/List Price Days on Market
24 Shore Rd $1,529,500 $1,590,000 96.19% 120
36 Forest Ave $1,850,000 $1,850,000 100% 36
40 Havemeyer Lane $565,000 $550,000 102.7% 12
         

Data Source:  Greenwich Multiple Listing Service

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