Greenwich Housing Inventory

Besides employing some excellent agents, Shore & Country compiles a great data base that’s available at its website.  Here’s a screen shot of just one table that I think is of interest.

Screen Shot 2012-12-04 at 6.17.04 AM

6 Comments

Filed under Uncategorized

6 responses to “Greenwich Housing Inventory

  1. Anonymous

    In January there were 289 homes in the market over 2 million.
    This month there are over 350 in that category
    Uhm, I smell a meltdown.

  2. What Do I Know

    try changing your drawers

    the average inventory for 2012 for >$2mm was 345 and it’s currently 315 and has been decreasing the last few months

    doesn’t sound so dire to me

  3. Anonymous

    Ended the year with 60+ more homes over 2 million.
    Chris, how many homes sold over 2m?

    • Using Shore & Country’s statistics for the first three quarters, we find this:
      2012 Single Family – Sales
       Number of single family units sold – 497 vs 487 in 2011 – up 2%
       Dollar volume – $1,125,640,761 vs $1,192,777,321 in 2011 – down 6%
       Average price – $2,264,871 vs $2,449,235 in 2011 – down 8%
       Median price – $1,595,000 vs $1,695,000 in 2011 – down 6%
       Average days on market – 153 vs 167 in 2011 – down 14 days
       Brightest part of the market – over $10,000,000 – 12 sales vs 6 sales in 2011 – up 100%
       $400,000-$600,000 – 43 sales vs 28 sales in 2011 – up 54%
       Worst part of the market – $4MM-$5MM – 29 sales vs 17 sales in 2011 – down 41%
       Inventory level – 555 vs 598 in 2011 – down 7%
       Average sales price to list price for 2012 – still holding at 93% [Note - sales price to list price is pretty much irrelevant because it's based on a property's last ask price, rather than its original, and by definition the last price is last because the house finally sold - Ed]

  4. The only thing that matters is....

    Anonymous,

    315 in Dec 2012 vs 288 in Jan 2012 is a difference of 27

    The market is pretty stable all things considered

  5. Anonymous

    My mistake, you are correct
    Counted the average column by accident
    All things considered, yes