2017 connecticut single-family sales...
TRANSCRIPT
CONNECTICUT SINGLE-FAMILY
SALES REPORTFIRST QUARTER2017
A decline in high-end sales brought the average price lower compared to a year ago in Darien. The median price of $1,440,000 was 5% higher than 2016’s first quarter, while the number of closings rose 7%.
Darien
Fairfield homes sold for an average of $792,348, a 4% increase from the first quarter of 2016. Homes spent 17% less time on the market than a year ago, at an average of 105 days.
Fairfield
AVERAGE AND MEDIAN SALES PRICE
AVERAGE AND MEDIAN SALES PRICE
NUMBEROF SALES
DAYS ONMARKET
1Q17 119 105
4Q16 136 110
3Q16 226 90
2Q16 238 108
1Q16 120 126
$900,000
$700,000
$600,000
3Q16
$726,927 $630,000
$500,000
$400,000
$300,000
$800,000
Average Sales Price Median Sales Price
$664,967 $588,500
2Q16
$792,348 $615,000
1Q17
$762,666 $622,000
1Q16
$697,424 $566,583
4Q16
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$800,000
$1,000,000
NUMBEROF SALES
DAYS ONMARKET
1Q17 47 170
4Q16 55 132
3Q16 66 101
2Q16 82 98
1Q16 44 124
Average Sales Price Median Sales Price
$1,494,023 $1,195,000
3Q16
$1,664,140 $1,400,000
2Q16
$1,611,319 $1,440,000
1Q17
$2,036,281 $1,375,000
1Q16
$1,647,005 $1,400,000
4Q16
Halstead Property 2
Central Greenwich saw gains in both sales and prices compared to a year ago. The number of sales was 41% higher than 2016’s first quarter, and both the average and median prices bested last year’s figures.
Greenwich - Central Greenwich
AVERAGE AND MEDIAN SALES PRICE
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$3,500,000
$3,000,000
NUMBEROF SALES
DAYS ONMARKET
1Q17 76 210
4Q16 69 196
3Q16 94 182
2Q16 83 165
1Q16 54 167
Average Sales Price Median Sales Price
$2,538,681 $2,200,000
3Q16
$2,536,563 $2,025,000
2Q16
$2,883,863 $2,050,000
1Q17
$2,752,120 $1,735,000
1Q16
$2,278,685 $1,700,000
4Q16
Average Sales Price Median Sales Price
The average price for Cos Cob homes dipped slightly from a year ago, to $1,285,611. The median price rose 6% during this time to $1,240,000. This market was 20% more active than the first quarter of 2016, with 18 sales reported.
Greenwich - Cos Cob
$1,400,000
$1,200,000
$1,000,000
$600,000
$400,000
$800,000
$1,600,000
AVERAGE AND MEDIAN SALES PRICE
NUMBEROF SALES
DAYS ONMARKET
1Q17 18 197
4Q16 6 89
3Q16 29 156
2Q16 29 96
1Q16 15 209
$1,285,000 $1,130,000
4Q16
$1,195,973 $1,050,000
3Q16
$1,302,767 $1,175,000
1Q16
$1,463,224 $1,310,000
2Q16
$1,285,611 $1,240,000
1Q17
Halstead Property 3
Old Greenwich homes saw both their average and median prices rise over the past year. The number of sales fell 7% from a year ago, while homes spent an average of 155 days on the market.
Greenwich - Old Greenwich
AVERAGE AND MEDIAN SALES PRICE
NUMBEROF SALES
DAYS ONMARKET
1Q17 14 155
4Q16 23 120
3Q16 34 106
2Q16 25 158
1Q16 15 157
Average Sales Price Median Sales Price
$2,377,643 $2,137,500
1Q17
$2,137,633 $1,795,000
1Q16
$1,902,540 $1,572,500
3Q16
$2,192,800 $2,285,000
2Q16
$1,888,629 $1,500,000
4Q16
Average Sales Price Median Sales Price
The number of closings in Riverside was 29% higher than a year ago, with homes spending 12% less time on the market. The average price was 13% higher than last year, while the median price rose 8%.
Greenwich - Riverside
$3,000,000
$2,500,000
$2,000,000
$1,000,000
$500,000
$1,500,000
$3,500,000
AVERAGE AND MEDIAN SALES PRICE
NUMBEROF SALES
DAYS ONMARKET
1Q17 18 136
4Q16 16 219
3Q16 32 93
2Q16 30 139
1Q16 14 155
$1,576,750 $1,242,500
4Q16
$2,516,375 $1,875,000
3Q16
$2,002,321 $1,600,000
1Q16
$2,099,195 $1,712,500
2Q16
$2,260,216 $1,880,000
1Q17
$2,200,000
$1,800,000
$1,200,000
$1,400,000
$1,600,000
$2,000,000
$2,400,000
Halstead Property 4
Despite a decrease in high-end sales driving the average price lower, the median price edged up 2% in Rowayton from a year ago. The total number of sales was unchanged during this time, while homes spent 19% longer on the market.
Rowayton
NUMBEROF SALES
DAYS ONMARKET
1Q17 15 156
4Q16 17 153
3Q16 23 157
2Q16 23 139
1Q16 15 131
Average Sales Price Median Sales Price
AVERAGE AND MEDIAN SALES PRICE
3Q16
$1,220,065 $1,053,000$1,521,648 $1,475,000
2Q16
$1,134,267 $915,000
1Q17
$1,371,547 $900,000
1Q16
$1,172,176 $1,200,000
4Q16
Halstead Property 5
Both the average and median prices were down 9% from the first quarter of 2016 in New Canaan. There were 35% more closings than a year ago, with homes selling 14% faster.
AVERAGE AND MEDIAN SALES PRICENew Canaan
$2,200,000
$1,800,000
$1,200,000
$1,400,000
$1,600,000
$2,000,000
NUMBEROF SALES
DAYS ONMARKET
1Q17 46 176
4Q16 37 136
3Q16 52 144
2Q16 69 130
1Q16 34 205
Average Sales Price Median Sales Price
$1,923,588 $1,695,000
3Q16
$1,792,993 $1,500,000
2Q16
$1,646,358 $1,406,250
1Q17
$1,816,324 $1,537,500
1Q16
$1,483,432 $1,310,000
4Q16
$1,400,000
$1,200,000
$1,000,000
$600,000
$400,000
$800,000
$1,600,000
Average Sales Price Median Sales Price
In Westport the median price rose 16% from 2016’s first quarter, while the average price fell slightly. This area saw 8% more closings than a year ago, and a 4% decline in time on the market.
Westport
$1,800,000
$1,600,000
$1,400,000
$1,000,000
$800,000
$1,200,000
$2,000,000
AVERAGE AND MEDIAN SALES PRICE
NUMBEROF SALES
DAYS ONMARKET
1Q17 67 128
4Q16 74 130
3Q16 106 101
2Q16 122 125
1Q16 62 134
$1,496,000 $1,284,000
3Q16
$1,539,171 $1,262,500
2Q16
$1,590,118 $1,600,000
1Q17
$1,638,149 $1,380,000
1Q16
$1,482,941 $1,230,000
4Q16
Halstead Property 6
Average Sales Price Median Sales Price
$100,000
$300,000
$200,000
Stamford prices averaged $687,391 in the first quarter, a 7% improvement compared to a year ago. During this time the number of sales reported dipped 1% to 141.
Stamford AVERAGE AND MEDIAN SALES PRICE
NUMBEROF SALES
DAYS ONMARKET
1Q17 141 126
4Q16 171 111
3Q16 226 108
2Q16 175 94
1Q16 143 112
$700,000
$600,000
$500,000
$400,000
$646,873 $575,000
2Q16
$687,391 $590,000
1Q17
$642,970 $545,000
1Q16
$616,626 $550,000
4Q163Q16
$642,783 $563,750
Halstead Property 7
The number of closings rose from 26 a year ago, to 44 in Wilton. Prices declined during this time, with the median price down 15% from the first quarter of 2016.
Wilton AVERAGE AND MEDIAN SALES PRICE
$900,000
$800,000
$700,000
$600,000
$500,000
$1,100,000
$1,000,000
NUMBEROF SALES
DAYS ONMARKET
1Q17 44 161
4Q16 51 161
3Q16 70 115
2Q16 75 130
1Q16 26 126
$793,766 $744,500
3Q16
$888,506 $845,000
2Q16
$932,066 $735,000
1Q17
$944,635 $861,000
1Q16
$940,000 $800,000
4Q16
Average Sales Price Median Sales Price
Prepared by Gregory Heym,
Chief Economist,
Halstead Property, LLC. Data is sourced from the Greater
Fairfield County CMLS, Darien
MLS, Greenwich MLS
and New Canaan MLS.
©2017 Halstead Connecticut, LLC. All Rights Reserved. This information
may not be copied, commercially used or distributed without
Halstead Property’s prior consent. While information is believed true,
no guaranty is made of accuracy.
Cover Property Web# 99155164
Visit halstead.com for access to all of our reports, listings, neighborhood information and more.
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NEW CANAAN - ELM STREET183 Elm StreetNew Canaan, CT 06840203.966.7800
NEW CANAAN - SOUTH AVENUE6 South AvenueNew Canaan, CT 06840203,966.7772
ROWAYTON140 Rowayton AvenueRowayton, CT 06853203.655.1418
GREENWICH125 Mason StreetGreenwich, CT 06830203.869.8100
STAMFORD1099 High Ridge RoadStamford, CT 06905203.329.8801
WESTPORT379 Post Road EastWestport, CT 06880203.221.0666
WILTON21 River RoadWilton, CT 06897203.762.8118
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