third quarter 2016 · 2017. 10. 14. · hartford courant and hearst media. contents connecticut...

Third Quarter 2016Connecticut Market Report

Nancy StetsonYour Trusted Real Estate AdvisorCell: 860-883-2005Office: 860-652-4534nancystetson@bhhsne.comnancystetson.bhhsNEproperties.com

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Welcome to Berkshire Hathaway HomeServices New England Properties’ Third Quarter 2016 Connecticut Market Report, our examination of the single family and condominium markets throughout the state compared with trends across the Northeast and nationwide.

The third quarter of 2016 was uninspired with single family home sales flat, days on market up and average price down 3.7% to $378,600 when compared to last year. Year to date, more single family homes and condominiums have sold but at lower prices when compared to 2015. Entry level homes in every county were on the market for the shortest amount of time this quarter with an average of 75 days for single family homes sold under $350,000. That number doubles for homes sold at price points over $1,000,000.

Condition is still the driving force in the difference between well-priced inventory sitting or selling as move-in ready homes are desirable for first time homebuyers, move-up buyers and downsizers alike. New data released by rental startup Zumper reported that 37% of millennial renters indicated they are interested in buying only when they’re ready to afford their dream home, signaling that they find the concept of a “starter home” less desirable than previous generations and pushing their initial purchase date later in life. This statistic reflects what Berkshire Hathaway HomeServices New England Properties’ agents have seen across the state with renovated homes or those kept up in pristine condition turn over quicker than those that have not.

In Connecticut, true value opportunities exist at opposite ends of the market. Sellers of luxury homes are starting to drop prices dramatically, giving homebuyers the opportunity to buy their dream home in desirable neighborhoods. At the other end of the spectrum, buyers looking for a fixer-upper and low monthly payments are benefiting from the increase of foreclosure starts in the state as Connecticut countered the national trend in the month of July with a 50% increase.

The election is an obvious stall factor for many homebuyers and sellers. After November 8th, we anticipate the market will open up extending the fall market through to the end of the year and into 2017. Sellers that take listings off the market during the holidays will only miss out as serious buyers are moving fast on well-priced homes.

If you have any questions regarding this report or real estate questions in general, Berkshire Hathaway HomeServices New England Properties Realtors® are here to help you navigate the current market with expert knowledge and exceptional service.

Candace Adams

President/CEO

Prepared by:

Candace Adams, President/CEO, [email protected] Redican, Director of Marketing, [email protected]

http://www.curbed.com/2016/8/16/12507266/zumper-renter-survey-millennials-homeownership-roommates

http://www.curbed.com/2016/8/16/12507266/zumper-renter-survey-millennials-homeownership-roommates

http://www.realtytrac.com/news/foreclosure-trends/foreclosure-starts-drop-to-11-year-low-in-july/%20

http://www.realtytrac.com/news/foreclosure-trends/foreclosure-starts-drop-to-11-year-low-in-july/%20

mailto:[email protected]

mailto:[email protected]

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Berkshire Hathaway HomeServices New England Properties Named Top Workplace by the Hartford Courant and Hearst Media. This is the 5th consecutive year Berkshire Hathaway HomeServices New England Properties has been ranked a Top Workplace by both the Hartford Courant and Hearst Media.

ContentsCONNECTICUT OVERVIEW

THE LUXURY MARKET

FAIRFIELD COUNTY

HARTFORD COUNTY

LITCHFIELD COUNTY

MIDDLESEX COUNTY

NEW HAVEN COUNTY

NEW LONDON COUNTY

TOLLAND COUNTY

WINDHAM COUNTY

Cover Photo: Greenwich6LighthouseLane.bhhsNEproperties.com

Information here-in is based in whole or part on reports supplied by Collateral Analytics and area Multiple Listing Services (MLS), for residential property transactions as of September 30, 2016, and is being provided “as is.” Data maintained by an MLS may not reflect all real estate activity in the market. It is deemed reliable but not guaranteed.

A PEEK

INSIDE

IN thE NEwS

155 Paine Road, Woodstock | $1,600,000 | John DownsThis spectacular 4,874 sq. ft. reproduction Federal Colonial is located on over 21 acres. Designed by renowned Classic Colonial Homes of Deerfield, MA, the features of the home include; five working Rumford fireplaces, eastern white pine flooring throughout, a chef’s kitchen with cherry cabinets, Wolfe and Sub-zero appliances, soapstone and marble countertops and a beautiful glassed breakfast room. The master suite with fireplace, sitting room and balcony offers sweeping views. There is a large finished 3rd floor with a full bath as well as an in-law with fireplace and balcony. The heated in-ground pool boasts a pool-house and outdoor fireplace. The land features a dramatic reconstructed, circa 1810 true timber frame two-story barn. 860-377-0754 | 155PaineRoad.bhhsNEproperties.com

http://6LighthouseLane.bhhsNEproperties.com

http://155PaineRoad.bhhsNEproperties.com

Connecticut Market Overview Q3-2016

www.bhhsNEproperties.com 4

Mortgage Information

WHAT ARE YOUR OPTIONS?

THE FACTS ABOUT AFFORDING A HOME

Although it’s true that some credit standards have tightened, it’s easier and less expensive to own a home than ever before. If you’re a motivated buyer that is gainfully employed, has built reasonable credit and shown the ability to afford a mortgage, you’re going to get a great deal. Whether it’s a 30 year fixed at 3.375% and 20% down, or an FHA with 3.5% down at an interest rate of 3.25%, you’ll be hard pressed not to find a great home that you can afford.

CHFA with Down Payment Assistance ProgramsCHFA HFA CHFA FHAHome Ready / Home PossibleFHAVA (for Veterans)USDA (for rural land)

GET A JUMPSTART

Take advantage of our JumpStart program to receive a full mortgage commitment, subject to a satisfactory appraisal. JumpStarts lets us and your Realtor® know you’re APPROVED, before you even find your home.

FIND OUT MORE

For more information, contact a CTHM Brand Manager for personalized information to help you make a decision.

Three Corporate Drive, Suite 212 Shelton, CT 06484 Office: 800.459.1585

http://www.bhhsneproperties.com/default.aspx

http://www.cthm.com



FAIRFIELD

NEW HAVEN

MIDDLESEX NEW LONDON

WINDHAM

TOLLANDHARTFORDLITCHFIELD

LITCHFIELD COUNTY

FAIRFIELD COUNTY

HARTFORD COUNTYTOLLAND COUNTY

WINDHAM COUNTY

NEW LONDON COUNTYMIDDLESEX COUNTY

NEW HAVEN COUNTY

THIRD QUARTER 2016 BY THE NUMBERS

Single family homes in Connecticut saw a slight decrease of 1.4% in sales year over year (YOY) and a decrease in sales volume by 5.0%.

The condominium market saw a decrease of 4.7% in number of sales when compared to Third Quarter 2015 and a 7.2% decrease in sales volume.

Average price for single family homes was $378,600, a 3.6% decrease. Average price for condominiums decreased by 2.6% ($222,100) YOY. Average days on market for single family homes was 130 and 135 for condominiums.

There were 85 sales between $2 - $3 million in Third Quarter 2016, down from 102 units in Second Quarter 2016. There were 41 sales in the $3-5 million range and 14 sales over $5 million. Numbers in chart below represent single family homes.




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Single Family Condominium

CLOSED SALES & CONTRACTS SIGNED

There were 9,242 closed sales for single family homes during Third Quarter 2016, down 1.4% YOY. There were 2,167 closed condominium sales during Third Quarter 2016, down 4.7% YOY. Pending sales, or contracts signed on single family homes were at 5,417 in Third Quarter 2016, down from 11,294 in Second Quarter 2016. Condominiums also saw a decrease in contracts signed (1,809 vs 2,803).

CURRENT INVENTORY

Inventory for single family homes was 12.4 months this quarter, up from 8.8 months in Second Quarter 2016. Inventory for condominiums was 10.7 months, up from 8.4 months in Second Quarter 2016.

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STATEWIDE SALES VOLUME

Sales volume for single family homes was $3,499,167,000, down 5.0% YOY. Sales volume rose most notably in Litchfield and New London Counties by 9.3% and 8.8%, respectively. Condominium sales volume was $481,233,000 down 7.2% YOY. Sales volume rose most notably for condominiums in Windham and New London Counties by 12.6% and 8.4%, respectively.

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Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016

Statewide Sales Volume

Single Family

Condominium

-5.07%Q3 2016 vs Q3 2015

-7.27%

Q3 2016 vs Q3 2015

HOME PRICES

Median prices for single family homes increased 1.8% and condominiums went down 2.6% YOY. Average sales price for single family homes went down 3.7% ($378,600 vs $393,100) and average price for condominiums also decreased 2.6% ($222,100 vs $228,000) YOY.

Average Sales Price Single Family

Average Sales Price Condominium

Median Sales Price Single Family

Median Sales Price Condominium

Q2 2016 $382,600 $218,400 $253,000 $165,000

Change -1.0% 1.7% 1.8% 0.3%

Q3 2016 $378,600 $222,100 $257,600 $165,500

Q3 2015 $393,100 $228,000 $255,000 $170,000

Change -3.7% -2.6% 1.0% -2.6%

Q3 2016 $378,600 $222,100 $257,600 $165,500




NEW HOUSING & DEVELOPMENT

New housing permit data, provided by the Connecticut Department of Economic and Community Development, shows 49.0% of permits were multifamily projects with five or more units through August of 2016. Year to date, permits are down 18.1% across the state (2,703 compared to 3,301) as last year there were larger multifamily projects and more single family home builds when compared to June and July of 2016.

Out of the 276 permits issued in August, 56.5% were for single family homes and 30.8% were for projects with five or more units. Colchester, Simsbury and Milford issued the most permits in August with 19, 17 and 17 respectively.

Buyers are more focused about details rather than location when it comes to new development options on the market. Buyers are looking outside of their tageted home-buying location to get the specific finishes and options they want such as hardwood floors, granite countertops and homes where the exterior upkeep is handled for them.


http://www.kingswoodplace.com

Q3-2016


The Luxury Market

TOTAL UNIT SALES BY COUNTY

Fairfield County remains the strongest with 134 homes sold in Third Quarter 2016, down from 159 units sold in Second Quarter in 2016. The Town of Greenwich saw more sales in the $2-5 million range, with 68 units sold. One sale over $10 million was sold in Riverside this quarter and was on the market for 365 days. 10 units sold in the $5-$10 price range, which is consistent with last quarter.

THIRD QUARTER LUXURY SALES

Luxury Sales in Connecticut, classified by sales over $2 million, totaled 140 units in Third Quarter 2016, down from the 166 homes sold in the Second Quarter of this year. Homes in the $2-3 million range continue to dominate the Luxury Market with the majority of sales (235 vs 171). YOY, luxury home sales are down 18.9%. Homes that are selling have dramatically decreased asking prices, creating value for first time and move up buyers. High end inventory is selling, however location and condition matter. The ultra-high end will continue to see activity at a consistent pace as many of those deals are cash buyers not impacted by economic factors.

0 50 100 150 200 250

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Q1 2015

Q2 2015

Q3 2015

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Q1 2016

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Q3 2016

Number of Sales

Luxury Sales Over $5 Million $3-$5 Million $2-$3 Million

Luxu

ry S

ales


http://36OldTrolleyRd.bhhsNEproperties.com


Fairfield County

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.bhhsneproperties.com/ct/stamford-real-estate/condos/631-long-ridge-road-32-06902-5807697

Q3-2016


Fairfield County

There were 2,067 single family homes sold in Third Quarter 2016, down 7.1% YOY. The average sales price for single family homes was $341,600, a decrease of 3.8% YOY. Average sales volume decreased 12.8% ($1,633,667,000 vs $1,874,867,000) for single family homes. Condominium sales decreased slightly by 1.9% YOY with 706 units sold in Third Quarter. Condominium sales volume decreased 5.7% ($241,137,000 vs $255,758,000) YOY. Average days on market for single family homes was 130 this quarter and 145 for condominiums. Average rental prices were $2,969 per month.

SINGLE FAMILY AND CONDO RATIO

AVERAGE AND MEDIAN SALES PRICE

Number of Sales

Days on Market

Q4 2014 2375 141

Q3 2014 2995 126

Q2 2014 2860 144

Q1 2014 1666 157

Q4 2013 2450 146

Q1 2015 1748 155

Q4 2014 2373 143

Q3 2014 2959 127

Q2 2014 2835 145

Q1 2014 1646 158

Number of Sales

Days on Market

Q3 2016 2773 139

Q2 2016 2671 144

Q1 2016 1620 162

Q4 2015 2103 150

Q3 2015 2947 134

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Average Single Family Average Condominium Median Single Family Median Condominium

Q3 2015


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Q3 2016


CondominiumsSingle Family


Q3-2016


Fairfield County

AVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuMEQTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

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QTR 32016

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%CHG15-16

BEtHEL

1 Family $328,200 9.1% $312,000 4.0% 49 -16.9% 142 40.0% $16,083,000 -9.4%

Condo $283,400 -9.4% $275,000 -12.4% 21 -19.2% 252 56.9% $5,950,000 -26.8%

BRIDGEPoRt

1 Family $161,700 -1.5% $167,900 4.9% 106 -23.7% 109 -15.9% $17,136,000 -24.9%

Condo $92,200 3.7% $81,800 -2.0% 66 32.0% 130 -1.8% $6,087,000 36.9%

BRookFIELD

1 Family $394,300 6.3% $364,500 3.3% 38 -9.5% 141 -2.6% $14,985,000 -3.8%

Condo $265,700 8.1% $225,000 7.4% 23 43.8% 112 -43.8% $6,111,000 55.3%

DANBuRy

1 Family $310,200 2.7% $295,000 9.3% 101 -11.4% 133 6.6% $31,328,000 -9.0%

Condo $220,100 -3.4% $185,500 -20.0% 110 -0.9% 151 -3.9% $24,206,000 -4.3%

DARIEN

1 Family $1,441,100 -16.1% $1,212,500 -17.8% 68 -43.8% 135 12.0% $97,995,000 -52.9%

Condo $1,725,000 174.4% $1,725,000 150.0% 2 -77.8% 88 14.3% $3,450,000 -39.0%

EAStoN

1 Family $617,100 -7.8% $612,500 -3.9% 28 -3.4% 139 6.0% $17,280,000 -11.0%

Condo - - - - - - - - - -

FAIRFIELD

1 Family $736,200 -8.5% $638,000 2.1% 213 -7.0% 123 -3.0% $156,810,000 -14.9%

Condo $439,500 -4.5% $420,000 13.5% 39 25.8% 151 -8.1% $17,141,000 20.1%

GREENWICH

1 Family $2,179,000 -13.0% $1,703,000 -6.0% 196 7.7% 181 0.3% $427,086,000 -6.4%

Condo $890,200 -0.4% $755,000 11.5% 44 -25.4% 150 -6.7% $39,167,000 -25.7%

MoNRoE

1 Family $365,100 -5.7% $370,000 2.1% 47 9.3% 127 10.0% $17,157,000 3.1%

Condo $178,300 -13.3% $173,000 -17.0% 4 -76.5% 126 12.0% $713,000 -79.6%

NEW CANAAN

1 Family $1,914,000 23.1% $1,681,000 16.7% 50 -35.9% 180 22.8% $95,702,000 -21.1%

Condo $769,300 5.8% $577,500 1.4% 14 -12.5% 207 55.5% $10,770,000 -7.4%

NEW FAIRFIELD

1 Family $343,900 0.5% $337,500 2.7% 52 23.8% 118 -2.2% $17,885,000 24.4%

Condo - - - - - - - - - -

NEWtoWN

1 Family $394,900 5.5% $372,000 9.4% 80 -1.2% 139 -0.6% $31,591,000 4.2%

Condo $336,300 -9.1% $285,000 -19.5% 15 -25.0% 420 1.0% $5,045,000 -31.8%

NoRWALk

1 Family $571,800 4.1% $450,000 -0.3% 191 -9.0% 128 4.8% $109,208,000 -5.3%

Condo $330,200 8.1% $264,000 3.9% 98 6.5% 123 1.4% $32,362,000 15.2%

REDDING

1 Family $534,800 4.7% $530,000 5.0% 24 -17.2% 134 -16.6% $12,835,000 -13.3%

Condo $615,000 - $615,000 - 1 - 105 - $615,000 -


Q3-2016


Fairfield CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 32016

%CHG15-16

QTR 32016

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RIDGEFIELD

1 Family $763,700 2.0% $650,000 -6.5% 105 9.4% 128 10.7% $80,192,000 11.6%

Condo $479,100 51.1% $356,000 34.3% 20 -16.7% 122 -20.7% $9,581,000 25.9%

SHELtoN

1 Family $329,500 8.9% $337,500 8.9% 50 -12.3% 130 8.5% $16,473,000 -4.5%

Condo $290,100 -8.8% $258,500 -9.9% 24 -25.0% 165 42.4% $6,962,000 -31.6%

SHERMAN

1 Family $268,300 -23.3% $268,300 -10.2% 2 -66.7% 55 -69.3% $537,000 -74.4%

Condo - - - - - - - - - -

StAMFoRD

1 Family $632,300 -5.0% $557,000 -4.8% 214 -8.5% 138 10.2% $135,303,000 -13.1%

Condo $352,700 -3.4% $314,000 -1.5% 165 15.4% 120 4.0% $58,200,000 11.4%

StRAtFoRD

1 Family $272,400 13.8% $246,000 7.0% 105 34.6% 114 -5.2% $28,600,000 53.2%

Condo $174,800 9.0% $162,500 11.3% 37 -5.1% 160 18.1% $6,469,000 3.4%

tRuMBuLL

1 Family $403,000 -2.7% $381,500 0.4% 116 2.7% 121 11.9% $46,752,000 -0.1%

Condo $294,600 -23.2% $291,000 -15.3% 11 37.5% 118 -15.6% $3,241,000 5.6%

WEStoN

1 Family $882,400 -3.0% $795,000 -4.2% 61 22.0% 170 32.5% $53,824,000 18.3%

Condo - - - - - - - - - -

WEStPoRt

1 Family $1,518,200 4.3% $1,289,000 -0.1% 101 -21.1% 145 10.1% $153,341,000 -17.7%

Condo $611,900 -5.0% $640,000 -7.2% 4 -42.9% 88 -17.3% $2,448,000 -45.7%

WILtoN

1 Family $793,800 -10.9% $744,500 -9.1% 70 4.5% 141 7.0% $55,564,000 -6.9%

Condo $327,400 -13.8% $312,000 -5.2% 8 -20.0% 124 -2.0% $2,619,000 -31.0%



Hartford County

FAIRFIELD

NEW HAVEN


WINDHAM



http://10GarnetHillLane.bhhsNEproperties.com

Q3-2016


Hartford County

There were 2,457 single family homes units sold in Third Quarter 2016, up slightly by 0.12% YOY. Single family home sales volume increased 4.3% ($667,317,000 vs $639,823,000) YOY. Average sales price for single family homes was $271,600, up 4.1% YOY. The condominium market decreased 10.5% in sales YOY, and decreased 14.11% in sales volume ($98,214,000 vs $114,349,000). Average price was $172,900 in Third Quarter, down 3.9% YOY. Average days on market was 115 for single family homes and 116 for condominiums. Average rental prices were $1,603 per month.

Number of Sales

Days on Market

Q4 2014 2375 141

Q3 2014 2995 126

Q2 2014 2860 144

Q1 2014 1666 157

Q4 2013 2450 146

Q1 2015 1748 155

Q4 2014 2373 143

Q3 2014 2959 127

Q2 2014 2835 145

Q1 2014 1646 158

Number of Sales

Days on Market

Q3 2016 3025 115

Q2 2016 3013 122

Q1 2016 1833 137

Q4 2015 2374 124

Q3 2015 3089 113



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Q3-2016


Hartford County


%CHG15-16

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AVoN

1 Family $497,500 -8.6% $444,000 -1.6% 95 21.8% 104 -10.9% $47,263,000 11.3%

Condo $261,200 5.2% $252,500 4.6% 26 -39.5% 124 13.7% $6,792,000 -36.4%

BERLIN

1 Family $283,700 5.8% $265,000 3.9% 52 -17.5% 119 14.8% $14,751,000 -12.7%

Condo $194,400 -22.2% $179,900 -21.7% 11 57.1% 122 -31.8% $2,139,000 22.2%

BLooMFIELD

1 Family $207,000 4.3% $204,000 7.1% 63 -12.5% 133 -2.5% $13,043,000 -8.7%

Condo $251,900 11.3% $245,000 40.0% 19 -42.4% 130 -10.0% $4,786,000 -35.9%

BRIStoL

1 Family $191,100 2.9% $180,000 2.9% 166 -9.3% 121 -6.0% $31,719,000 -6.7%

Condo $122,500 0.5% $111,000 5.7% 34 -24.4% 107 -20.3% $4,166,000 -24.1%

BuRLINGtoN

1 Family $344,200 5.7% $335,000 3.9% 39 -9.3% 152 48.1% $13,422,000 -4.1%

Condo - - - - - - - - - -

CANtoN

1 Family $347,000 -4.5% $297,800 -5.5% 34 -22.7% 110 -12.9% $11,798,000 -26.2%

Condo $158,900 -18.8% $149,900 -23.1% 13 44.4% 137 11.5% $2,066,000 17.3%

EASt GRANBy

1 Family $278,500 6.3% $279,000 7.3% 27 22.7% 115 22.9% $7,520,000 30.4%

Condo $232,300 91.2% $232,300 91.2% 2 0.0% 88 67.6% $465,000 91.2%

EASt HARtFoRD

1 Family $150,900 22.7% $154,000 19.0% 137 0.7% 115 -1.5% $20,670,000 23.6%

Condo $104,700 19.5% $97,000 21.3% 9 -30.8% 133 -0.5% $943,000 -17.3%

EASt WINDSoR

1 Family $286,500 34.5% $295,000 55.7% 23 -39.5% 155 46.7% $6,590,000 -18.6%

Condo $191,600 8.7% $153,900 -2.3% 15 7.1% 267 38.7% $2,874,000 16.5%

ENFIELD

1 Family $179,600 3.4% $171,500 2.1% 136 -3.5% 108 5.5% $24,431,000 -0.3%

Condo $163,500 14.2% $159,700 15.7% 37 8.8% 98 4.2% $6,050,000 24.3%

FARMINGtoN

1 Family $394,400 -17.1% $317,000 -17.7% 71 6.0% 104 -18.4% $27,999,000 -12.2%

Condo $197,100 -2.3% $181,500 3.3% 39 0.0% 100 -4.7% $7,686,000 -2.3%

GLAStoNBuRy

1 Family $425,600 10.3% $386,000 6.6% 148 4.2% 115 14.7% $62,989,000 15.0%

Condo $214,100 7.1% $200,000 23.1% 37 -14.0% 104 -19.8% $7,923,000 -7.8%

GRANBy

1 Family $279,300 -5.5% $265,000 -9.4% 37 -27.5% 131 4.8% $10,334,000 -31.5%

Condo $162,600 -13.4% $167,500 -1.5% 4 0.0% 94 -35.6% $651,000 -13.4%

HARtFoRD

1 Family $152,200 19.8% $144,800 14.0% 76 38.2% 133 1.9% $11,565,000 65.6%

Condo $85,900 -3.8% $47,500 -44.1% 16 14.3% 73 -51.8% $1,375,000 10.0%


Q3-2016


Hartford CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

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HARtLAND

1 Family $300,000 32.8% $300,000 34.9% 2 -50.0% 264 325.0% $600,000 -33.6%

Condo - - - - - - - - - -

MANCHEStER

1 Family $182,700 -1.2% $167,500 1.8% 150 -18.5% 111 -5.3% $27,398,000 -19.5%

Condo $88,500 -31.0% $71,200 -42.1% 21 -34.4% 79 -25.4% $1,859,000 -54.7%

MARLBoRouGH

1 Family $315,600 1.5% $280,000 -8.5% 25 -7.4% 99 -14.3% $7,891,000 -6.0%

Condo - - - - - - - - - -

NEW BRItAIN

1 Family $135,700 -1.1% $135,000 -1.5% 100 -4.8% 131 15.9% $13,571,000 -5.8%

Condo $88,400 -7.1% $96,000 43.3% 17 13.3% 105 -28.3% $1,502,000 5.3%

NEWINGtoN

1 Family $228,200 7.1% $225,000 7.1% 94 11.9% 101 -4.8% $21,451,000 19.8%

Condo $147,300 -17.1% $135,000 -9.4% 49 4.3% 120 7.8% $7,219,000 -13.5%

PLAINVILLE

1 Family $202,200 4.6% $195,000 11.0% 39 -32.8% 94 -9.2% $7,887,000 -29.7%

Condo $125,500 -11.2% $113,500 -5.0% 10 -28.6% 120 -3.3% $1,255,000 -36.6%

RoCky HILL

1 Family $342,000 17.8% $321,500 19.3% 44 29.4% 110 2.0% $15,048,000 52.4%

Condo $177,000 1.4% $172,800 1.6% 37 32.1% 108 17.9% $6,549,000 34.0%

SIMSBuRy

1 Family $363,700 5.0% $337,300 8.8% 110 14.6% 123 11.6% $40,010,000 20.3%

Condo $155,700 -12.6% $140,800 -4.2% 18 5.9% 119 25.1% $2,802,000 -7.5%

SoutH WINDSoR

1 Family $282,700 0.6% $268,800 4.7% 82 -6.8% 94 -2.1% $23,178,000 -6.3%

Condo $152,700 4.8% $129,100 -12.5% 34 -15.0% 105 -2.9% $5,193,000 -11.0%

SoutHINGtoN

1 Family $292,100 -1.8% $268,300 0.7% 146 16.8% 117 6.1% $42,651,000 14.7%

Condo $167,000 -12.7% $146,500 -26.8% 23 15.0% 160 54.7% $3,842,000 0.3%

SuFFIELD

1 Family $333,700 -4.9% $286,000 -3.4% 61 10.9% 116 -11.4% $20,355,000 5.5%

Condo $219,200 -0.7% $213,500 13.8% 18 63.6% 104 -24.8% $3,945,000 62.6%

WESt HARtFoRD

1 Family $336,900 -4.0% $302,500 -2.4% 241 8.6% 113 11.9% $81,190,000 4.2%

Condo $246,100 -7.5% $225,000 -10.0% 39 -31.6% 124 30.8% $9,599,000 -36.7%

WEtHERSFIELD

1 Family $267,400 12.4% $241,000 7.1% 115 29.2% 112 0.6% $30,752,000 45.2%

Condo $145,000 -7.8% $137,000 -8.1% 21 31.3% 97 -20.2% $3,046,000 21.1%

WINDSoR

1 Family $228,900 13.2% $230,000 17.9% 101 -4.7% 103 -3.3% $23,121,000 7.9%

Condo $205,100 16.7% $198,000 3.1% 11 -52.2% 112 1.6% $2,256,000 -44.2%

WINDSoR LoCkS

1 Family $188,800 18.5% $173,000 11.5% 43 2.4% 111 -6.2% $8,117,000 21.4%

Condo $154,300 -2.3% $139,000 8.1% 8 -42.9% 141 2.7% $1,234,000 -44.2%



Litchfield County

FAIRFIELD

NEW HAVEN


WINDHAM



http://75GooseGreenRoad.bhhsNEproperties.com

Q3-2016


Litchfield County

525 single family homes sold in Third Quarter 2016, up 2.7% YOY. Average sales price on single family homes was $259,100, a 6.4% increase YOY. Sales volume increased for single family homes YOY by 9.3% ($136,024,000 vs $124,371,000). There were 77 condominium sales in Third Quarter 2016, down 2.5% YOY. Sales volume for condominiums increased 2.2% ($9,755,000 vs $9,541,000). Average days on market was 165 for single family homes and 144 for condominiums. Average rental prices were $2,477.

Number of Sales

Days on Market

Q4 2014 443 146

Q3 2014 502 120

Q2 2014 394 133

Q1 2014 282 162

Q4 2013 411 146

Q1 2015 344 140

Q4 2014 499 145

Q3 2014 548 118

Q2 2014 437 133

Q1 2014 316 162

Number of Sales

Days on Market

Q3 2016 602 162

Q2 2016 550 164

Q1 2016 333 190

Q4 2015 491 170

Q3 2015 590 151



0

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Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016



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Q3 2015


Q3 2016




Q3-2016


Litchfield County


%CHG15-16

QTR 32016

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BANtAM

1 Family $256,300 -19.9% $256,300 -39.7% 2 -33.3% 77 -59.0% $513,000 -46.6%

Condo - - - - - - - - - -

BARkHAMStED

1 Family $274,300 4.9% $301,000 15.3% 6 -14.3% 131 -27.4% $1,646,000 -10.1%

Condo - - - - - - - - - -

BEtHLEHEM

1 Family $255,300 23.7% $247,900 5.5% 12 33.3% 168 15.2% $3,063,000 65.0%

Condo - - - - - - - - - -

BRIDGEWAtER

1 Family $280,000 -51.3% $280,000 -51.3% 2 0.0% 168 113.4% $560,000 -51.3%

Condo - - - - - - - - - -

CANAAN

1 Family $185,700 -40.1% $147,500 -10.2% 10 66.7% 301 39.7% $1,857,000 -0.2%

Condo - - - - - - - - - -

CoLEBRook

1 Family $205,500 -9.3% $231,300 15.6% 6 100.0% 125 16.0% $1,233,000 81.3%

Condo - - - - - - - - - -

CoRNWALL BRIDGE

1 Family $203,000 -79.7% $203,000 -45.9% 2 -50.0% 240 19.5% $406,000 -89.8%

Condo - - - - - - - - - -

EASt CANAAN

1 Family $224,000 21.1% $224,000 21.1% 1 0.0% 88 37.5% $224,000 21.1%

Condo - - - - - - - - - -

GoSHEN

1 Family $333,000 -5.8% $312,500 -5.3% 19 5.6% 310 85.2% $6,326,000 -0.6%

Condo - - - - - - - - - -

HARWINtoN

1 Family $265,300 8.7% $240,000 6.9% 25 4.2% 145 9.3% $6,631,000 13.2%

Condo - - - - - - - - - -

kENt

1 Family $205,000 -68.5% $205,000 -68.5% 1 0.0% 54 -34.9% $205,000 -68.5%

Condo $19,800 - $19,800 - 1 - 64 - $20,000 -

LItCHFIELD

1 Family $384,700 17.1% $320,000 14.3% 24 -4.0% 219 44.0% $9,234,000 12.5%

Condo $238,300 -1.5% $220,000 -9.1% 6 500.0% 215 12.7% $1,430,000 490.9%

MoRRIS

1 Family $425,100 48.1% $280,000 7.9% 7 -56.2% 241 37.1% $2,976,000 -35.2%

Condo - - - - - - - - - -

NEW HARtFoRD

1 Family $263,400 2.6% $257,500 1.2% 24 -14.3% 151 15.9% $6,321,000 -12.0%

Condo - - - - - - - - - -


Q3-2016


Litchfield County


%CHG15-16

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NEW MILFoRD

1 Family $351,700 11.6% $288,000 8.7% 49 0.0% 137 -8.2% $17,236,000 11.6%

Condo $153,400 36.3% $149,000 41.9% 11 0.0% 114 -17.1% $1,687,000 36.3%

NoRFoLk

1 Family $229,300 -27.4% $137,500 -41.0% 4 -63.6% 211 -14.8% $917,000 -73.6%

Condo - - - - - - - - - -

PLyMoutH

1 Family $168,000 1.8% $157,000 -2.8% 47 34.3% 153 9.1% $7,898,000 36.7%

Condo $113,900 -5.0% $113,300 -1.5% 4 -42.9% 186 60.0% $456,000 -45.7%

RoXBuRy

1 Family $550,000 -22.4% $550,000 -22.4% 1 -50.0% 679 178.3% $550,000 -61.2%

Condo - - - - - - - - - -

SALISBuRy

1 Family $766,100 33.2% $475,000 -6.9% 23 155.6% 247 81.5% $17,621,000 240.4%

Condo $340,300 -12.8% $340,300 -12.8% 2 0.0% 269 55.7% $681,000 -12.8%

SHARoN

1 Family $425,000 92.1% $425,000 92.1% 1 0.0% 141 -28.8% $425,000 92.1%

Condo - - - - - - - - - -

tHoMAStoN

1 Family $201,100 24.9% $191,000 15.1% 18 12.5% 153 25.0% $3,620,000 40.5%

Condo $92,900 -27.8% $108,000 -4.0% 5 25.0% 154 0.0% $465,000 -9.8%

toRRINGtoN

1 Family $141,600 6.2% $140,000 13.5% 101 -9.0% 131 -15.0% $14,303,000 -3.3%

Condo $78,300 -0.7% $63,000 -13.1% 25 8.7% 138 -22.8% $1,957,000 8.0%

WASHINGtoN

1 Family $831,300 246.2% $831,300 246.2% 2 100.0% 251 304.0% $1,663,000 592.4%

Condo $295,000 23.7% $295,000 23.7% 1 -50.0% 200 18.7% $295,000 -38.2%

WAtERtoWN

1 Family $209,200 -9.9% $192,500 -5.2% 73 19.7% 133 -6.0% $15,272,000 7.8%

Condo $164,800 47.1% $175,000 44.6% 7 40.0% 160 -22.1% $1,154,000 106.0%

WINCHEStER

1 Family $160,200 3.5% $162,500 16.2% 38 -2.6% 158 27.5% $6,087,000 0.9%

Condo $67,800 - $72,000 - 3 - 242 - $204,000 -

WooDBuRy

1 Family $342,200 2.4% $315,000 5.0% 27 -3.6% 194 6.6% $9,239,000 -1.2%

Condo $117,400 -13.3% $107,500 -1.4% 12 -42.9% 77 -42.4% $1,409,000 -50.5%




Middlesex County

FAIRFIELD

NEW HAVEN


WINDHAM



http://153IronWorksRoad.bhhsNEproperties.com

Q3-2016


Middlesex County

518 single family homes sold in Third Quarter 2016, down 4.6% YOY, and sales volume increased 1.3% ($154,188,000 vs $152,135,000). The average sales price for single family homes was $297,700, a 6.2% increase. Condominium sales decreased 21.7% YOY with 97 units sold in Third Quarter 2016. Average price was $159,000 in Third Quarter, a decrease of 18.2%. Sales volume for condominiums declined to 36.03% YOY ($15,429,000 vs $24,121,000). Average days on market was 140 for single family homes and 151 for condominiums. Average rental prices were $1,813 per month.

Number of Sales

Days on Market

Q4 2014 457 93

Q3 2014 543 81

Q2 2014 498 89

Q1 2014 325 109

Q4 2013 378 97

Q1 2015 350 115

Q4 2014 497 99

Q3 2014 586 82

Q2 2014 531 90

Q1 2014 347 110

Number of Sales

Days on Market

Q3 2016 615 142

Q2 2016 650 151

Q1 2016 421 166

Q4 2015 538 151

Q3 2015 667 129



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350000

Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016



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Q3-2016


Middlesex CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

CHEStER

1 Family $300,100 -3.5% $290,000 -6.8% 13 44.4% 133 -6.5% $3,901,000 39.4%

Condo - - - - - - - - - -

CLINtoN

1 Family $327,700 15.5% $259,000 8.9% 53 0.0% 150 27.0% $17,367,000 15.5%

Condo $185,900 8.6% $155,000 -5.8% 13 116.7% 104 -43.8% $2,417,000 135.3%

CoBALt

1 Family $235,000 -37.9% $235,000 -37.9% 2 100.0% 120 -28.4% $470,000 24.2%

Condo - - - - - - - - - -

CRoMWELL

1 Family $293,900 14.5% $265,000 28.1% 35 0.0% 124 -9.8% $10,288,000 14.5%

Condo $155,300 -22.0% $136,000 -1.8% 27 -10.0% 156 50.5% $4,194,000 -29.8%

DEEP RIVER

1 Family $311,600 44.0% $224,800 4.5% 16 6.7% 196 45.0% $4,986,000 53.6%

Condo $144,000 12.6% $144,000 12.6% 2 0.0% 206 35.1% $288,000 12.6%

DuRHAM

1 Family $263,400 -12.5% $265,000 -8.3% 27 -6.9% 163 28.2% $7,112,000 -18.5%

Condo $193,000 -7.5% $193,000 -12.3% 2 -33.3% 131 72.4% $386,000 -38.3%

EASt HADDAM

1 Family $275,900 15.8% $265,000 9.6% 45 50.0% 155 35.2% $12,416,000 73.7%

Condo - - - - - - - - - -

EASt HAMPtoN

1 Family $274,400 5.5% $275,500 17.2% 56 -1.8% 124 1.2% $15,367,000 3.7%

Condo $145,400 -18.0% $142,500 -18.6% 9 50.0% 158 45.3% $1,308,000 23.0%

ESSEX

1 Family $496,400 8.6% $329,000 -12.3% 26 4.0% 118 13.8% $12,908,000 12.9%

Condo $241,500 -3.8% $244,500 19.3% 3 -57.1% 59 -77.6% $725,000 -58.8%

HADDAM

1 Family $296,600 32.7% $250,000 16.3% 23 -8.0% 150 22.4% $6,822,000 22.1%

Condo - - - - - - - - - -

kILLINGWoRtH

1 Family $318,600 -9.9% $336,200 -9.1% 32 52.4% 174 9.4% $10,197,000 37.2%

Condo - - - - - - - - - -

MIDDLEFIELD

1 Family $273,500 0.3% $269,000 7.0% 17 70.0% 151 7.0% $4,650,000 70.5%

Condo $435,000 - $435,000 - 1 - 1206 - $435,000 -

MIDDLEtoWN

1 Family $224,000 4.5% $220,000 4.8% 91 -18.0% 110 -6.2% $20,388,000 -14.4%

Condo $98,700 -19.5% $91,500 -15.7% 35 -23.9% 141 0.2% $3,454,000 -38.8%


Q3-2016


Middlesex CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

oLD SAyBRook

1 Family $420,100 10.7% $366,000 12.2% 37 -38.3% 134 21.0% $15,542,000 -31.7%

Condo $565,000 47.8% $405,000 15.5% 3 -75.0% 128 -57.7% $1,695,000 -63.0%

PoRtLAND

1 Family $233,600 4.0% $237,800 14.3% 27 -25.0% 144 9.5% $6,307,000 -22.0%

Condo $132,500 -37.2% $132,500 -28.1% 1 -85.7% 224 142.7% $133,000 -91.0%

WEStBRook

1 Family $303,700 -13.7% $257,500 -20.8% 18 -30.8% 178 31.1% $5,467,000 -40.3%

Condo $395,000 15.1% $395,000 9.3% 1 -80.0% 95 -71.7% $395,000 -77.0%



New Haven County

FAIRFIELD

NEW HAVEN


WINDHAM



http://212ParsonageHillRoad.bhhsNEproperties.com

Q3-2016


New Haven County

1,960 single family homes sold in Third Quarter 2016, up slightly 0.4% YOY, and decreased in sales volume by 0.7% ($510,523,000 vs $514,203,000). Average sales price for single family homes was $260,500, a slight decrease of 1.1%. Average sales price for condominiums was $165,200, a 4.0% increase, and sales volume decreased slightly 0.3% ($83,253,000 vs $83,518,000). In total, 504 condominiums were sold in Third Quarter 2016. Days on market for single family homes was 129 and 135 for condominiums. Average rental prices were $1,607 per month.

Number of Sales

Days on Market

Q4 2014 1826 95

Q3 2014 2172 83

Q2 2014 1949 88

Q1 2014 1221 98

Q4 2013 1796 94

Q1 2015 1328 103

Q4 2014 1892 98

Q3 2014 2200 83

Q2 2014 1975 87

Q1 2014 1230 98

Number of Sales

Days on Market

Q3 2016 2464 130

Q2 2016 2263 137

Q1 2016 1587 147

Q4 2015 2006 136

Q3 2015 2478 130



0

50000

100000

150000

200000

250000

300000

Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016



Q3 2015


Q3 2016


Q3 2015


Q3 2016




Q3-2016


New Haven CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

ANSoNIA

1 Family $185,600 8.5% $166,500 -0.6% 7 -30.0% 142 -24.0% $1,300,000 -24.1%

Condo $64,900 - $64,900 - 1 - 76 - $65,000 -

BEACoN FALLS

1 Family $400,000 4.8% $400,000 -14.9% 1 -85.7% 335 220.8% $400,000 -85.0%

Condo $453,000 241.9% $453,000 241.9% 1 0.0% 177 121.2% $453,000 241.9%

BEtHANy

1 Family $340,400 -19.1% $345,000 1.8% 27 58.8% 125 -12.2% $9,191,000 28.5%

Condo - - - - - - - - - -

BRANFoRD

1 Family $364,800 -4.7% $322,000 -1.8% 68 -2.9% 167 28.4% $24,809,000 -7.4%

Condo $213,700 25.2% $164,000 5.8% 47 -14.5% 129 -19.6% $10,044,000 7.0%

CHESHIRE

1 Family $340,200 11.0% $319,300 10.6% 82 -10.9% 98 -12.1% $27,894,000 -1.1%

Condo $204,800 -14.6% $178,800 -5.9% 16 -15.8% 95 -34.7% $3,276,000 -28.1%

DERBy

1 Family $142,300 -26.0% $151,000 -18.4% 5 -44.4% 80 -35.7% $712,000 -58.9%

Condo $125,500 - $125,500 - 1 - 216 - $126,000 -

EASt HAVEN

1 Family $191,300 2.7% $183,800 4.6% 76 -5.0% 134 10.5% $14,535,000 -2.4%

Condo $157,100 19.9% $132,000 20.0% 26 18.2% 142 37.1% $4,084,000 41.7%

GuILFoRD

1 Family $410,000 -11.7% $365,000 3.6% 81 -10.0% 148 -5.3% $33,211,000 -20.5%

Condo $201,300 -24.5% $125,500 -44.8% 12 0.0% 116 -24.0% $2,416,000 -24.5%

HAMDEN

1 Family $218,100 2.8% $189,000 5.0% 170 18.9% 138 3.0% $37,080,000 22.2%

Condo $132,200 8.1% $120,500 2.1% 40 -13.0% 145 6.5% $5,286,000 -6.0%

MADISoN

1 Family $490,400 2.6% $402,500 1.6% 76 -17.4% 135 0.2% $37,268,000 -15.3%

Condo $255,800 -9.1% $247,500 -1.0% 9 -18.2% 166 -17.9% $2,303,000 -25.6%

MERIDEN

1 Family $162,500 6.6% $163,000 8.7% 156 3.3% 118 -6.3% $25,356,000 10.1%

Condo $99,200 7.2% $101,000 3.3% 29 -6.5% 120 -14.2% $2,877,000 0.3%

MIDDLEBuRy

1 Family $362,800 20.5% $255,000 -11.0% 35 25.0% 179 30.9% $12,699,000 50.7%

Condo $437,800 9.6% $462,500 20.2% 7 16.7% 368 54.8% $3,065,000 27.9%

MILFoRD

1 Family $328,700 5.0% $290,000 1.0% 178 -2.2% 123 -7.4% $58,507,000 2.7%

Condo $229,400 -3.1% $206,000 0.5% 54 14.9% 131 19.8% $12,387,000 11.3%

NAuGAtuCk

1 Family $156,700 5.0% $159,900 2.5% 85 -1.2% 139 10.2% $13,319,000 3.8%

Condo $87,300 40.3% $70,000 17.7% 22 10.0% 99 26.6% $1,920,000 54.3%


Q3-2016


New Haven CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

NEW HAVEN

1 Family $238,600 13.2% $180,000 9.1% 101 16.1% 130 -8.9% $24,097,000 31.5%

Condo $158,900 0.4% $143,800 14.7% 58 52.6% 146 -1.3% $9,215,000 53.2%

NoRtH BRANFoRD

1 Family $245,200 3.7% $248,300 0.5% 46 27.8% 142 1.2% $11,278,000 32.5%

Condo $196,000 5.9% $196,000 22.6% 1 -93.7% 151 -2.7% $196,000 -93.4%

NoRtH HAVEN

1 Family $293,200 -0.7% $274,000 3.7% 72 2.9% 102 -7.8% $21,110,000 2.1%

Condo $201,400 4.8% $236,000 12.4% 7 -36.4% 110 29.0% $1,410,000 -33.3%

oRANGE

1 Family $391,200 -2.1% $382,500 3.4% 48 -14.3% 114 -11.2% $18,775,000 -16.1%

Condo $373,000 54.6% $318,000 32.5% 3 0.0% 162 220.8% $1,119,000 54.6%

oXFoRD

1 Family $463,000 15.0% $463,000 13.3% 1 -83.3% 158 79.2% $463,000 -80.8%

Condo $321,000 -15.5% $321,000 -15.5% 1 0.0% 209 86.6% $321,000 -15.5%

PRoSPECt

1 Family $252,500 -2.9% $263,800 0.3% 26 -21.2% 130 12.8% $6,566,000 -23.5%

Condo $376,400 -1.4% $360,000 -5.7% 3 50.0% 232 -26.4% $1,129,000 47.9%

SEyMouR

1 Family $252,500 44.3% $251,800 63.0% 6 -25.0% 141 31.9% $1,515,000 8.2%

Condo $200,000 115.1% $200,000 150.0% 1 -75.0% 159 32.2% $200,000 -46.2%

SoutHBuRy

1 Family $366,200 -3.5% $360,000 -4.0% 67 6.3% 164 15.5% $24,537,000 2.6%

Condo $140,300 -6.7% $129,500 0.8% 64 14.3% 121 6.1% $8,977,000 6.7%

WALLINGFoRD

1 Family $264,900 -2.7% $258,500 -1.7% 134 12.6% 106 -16.0% $35,499,000 9.6%

Condo $192,300 7.1% $183,500 4.9% 40 -14.9% 137 14.2% $7,693,000 -8.9%

WAtERBuRy

1 Family $104,400 10.2% $105,000 10.5% 209 4.5% 133 8.5% $21,811,000 15.1%

Condo $53,500 -10.8% $52,000 0.0% 36 -23.4% 143 10.5% $1,927,000 -31.7%

WESt HAVEN

1 Family $175,600 -0.8% $175,000 6.1% 118 3.5% 117 0.3% $20,717,000 2.7%

Condo $104,200 -12.3% $105,000 1.1% 22 -18.5% 135 -32.8% $2,293,000 -28.5%

WoLCott

1 Family $244,600 9.4% $229,500 4.3% 40 -21.6% 119 -7.1% $9,782,000 -14.2%

Condo $157,600 -19.5% $173,000 -9.2% 3 -25.0% 88 -33.8% $473,000 -39.6%

WooDBRIDGE

1 Family $402,000 -14.8% $395,000 -6.3% 45 -13.5% 106 -4.0% $18,092,000 -26.3%

Condo - - - - - - - - - -



New London County

FAIRFIELD

NEW HAVEN


WINDHAM



http://32WaterStreet.bhhsNEproperties.com

Q3-2016


New London County

791 single family homes sold in Third Quarter 2016, up 8.6% YOY. Sales volume increased 6.5% ($191,138,000 vs $179,412,000). 114 condominiums sold, up 4.5% while the average sales price decreased by 1.6%. Sales volume increased for condominiums by 2.8% ($18,890,000 vs $18,367,000). Days on market for single family homes was 145 and 152 for condominiums. Average rental prices were $1,521.

Number of Sales

Days on Market

Q4 2014 577 107

Q3 2014 662 95

Q2 2014 607 97

Q1 2014 417 104

Q4 2013 560 98

Q1 2015 481 99

Q4 2014 761 105

Q3 2014 832 95

Q2 2014 740 97

Q1 2014 507 103

Number of Sales

Days on Market

Q3 2016 984 140

Q2 2016 931 146

Q1 2016 628 160

Q4 2015 731 144

Q3 2015 903 136



0

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100000

150000

200000

250000

300000

Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016



Q3 2015


Q3 2016


Q3 2015


Q3 2016




Q3-2016


New London County


%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

BoZRAH

1 Family $193,600 -1.6% $213,500 30.6% 10 25.0% 136 76.3% $1,936,000 23.0%

Condo - - - - - - - - - -

CoLCHEStER

1 Family $236,300 -3.4% $230,000 -1.1% 55 1.9% 128 -2.4% $12,996,000 -1.6%

Condo $186,900 31.8% $155,900 94.9% 11 22.2% 126 27.2% $2,056,000 61.1%

EASt LyME

1 Family $328,900 -10.1% $283,000 -5.7% 61 0.0% 133 3.6% $20,065,000 -10.1%

Condo $208,200 -14.1% $175,000 -25.5% 23 35.3% 133 2.1% $4,789,000 16.2%

GILMAN

1 Family $337,900 39.3% $337,900 39.3% 1 0.0% 111 94.7% $338,000 39.3%

Condo - - - - - - - - - -

GRISWoLD

1 Family $162,600 -2.3% $157,500 -4.5% 40 -13.0% 120 -3.5% $6,503,000 -15.0%

Condo $64,100 22.8% $64,100 -3.7% 2 -33.3% 288 240.2% $128,000 -18.1%

GRotoN

1 Family $288,500 3.1% $235,000 -5.1% 99 12.5% 130 -15.2% $28,559,000 15.9%

Condo $150,200 -14.4% $125,000 -18.3% 31 40.9% 102 -36.9% $4,655,000 20.6%

LEBANoN

1 Family $203,300 15.2% $215,000 22.2% 41 105.0% 127 -26.2% $8,334,000 136.1%

Condo - - - - - - - - - -

LEDyARD

1 Family $235,400 9.8% $223,000 0.2% 76 31.0% 129 20.7% $17,894,000 43.8%

Condo $101,000 79.7% $101,000 79.7% 2 0.0% 90 -50.1% $202,000 79.7%

LISBoN

1 Family $143,300 -35.6% $151,300 -23.8% 12 -7.7% 131 -29.0% $1,719,000 -40.6%

Condo - - - - - - - - - -

LyME

1 Family $508,000 -22.6% $482,500 50.8% 12 71.4% 204 7.0% $6,096,000 32.7%

Condo - - - - - - - - - -

MoNtVILLE

1 Family $199,600 8.2% $191,500 9.1% 70 14.8% 122 0.6% $13,970,000 24.2%

Condo $77,300 106.0% $65,000 73.3% 4 300.0% 109 -60.9% $309,000 724.0%

NEW LoNDoN

1 Family $176,400 16.9% $155,000 14.9% 43 -6.5% 91 -9.8% $7,584,000 9.3%

Condo $154,600 -26.4% $142,000 -4.2% 13 225.0% 213 -10.4% $2,010,000 139.1%

NoRtH FRANkLIN

1 Family $221,600 38.8% $200,000 25.1% 10 100.0% 171 54.5% $2,216,000 177.5%

Condo - - - - - - - - - -

NoRtH StoNINGtoN

1 Family $293,700 17.7% $238,900 7.4% 19 -20.8% 157 18.6% $5,580,000 -6.8%

Condo - - - - - - - - - -


Q3-2016


New London County


%CHG15-16

QTR 32016

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QTR 32016

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QTR 32016

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QTR 32016

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NoRWICH

1 Family $130,500 21.4% $130,300 27.7% 82 -5.7% 137 4.2% $10,698,000 14.4%

Condo $85,700 -27.7% $84,500 -17.6% 24 26.3% 185 -1.5% $2,056,000 -8.7%

oLD LyME

1 Family $365,200 -11.1% $325,000 5.9% 37 23.3% 206 24.5% $13,514,000 9.6%

Condo $252,500 - $252,500 - 1 - 248 - $253,000 -

PREStoN

1 Family $210,800 -0.1% $210,000 6.3% 15 -11.8% 142 19.3% $3,163,000 -11.8%

Condo - - - - - - - - - -

SALEM

1 Family $301,300 39.4% $249,900 16.2% 13 0.0% 160 26.6% $3,917,000 39.4%

Condo $44,300 50.0% $44,300 50.0% 2 100.0% 153 263.1% $89,000 200.0%

SPRAGuE

1 Family $192,800 10.9% $196,000 -2.0% 9 12.5% 126 8.5% $1,735,000 24.7%

Condo - - - - - - - - - -

StoNINGtoN

1 Family $414,300 9.6% $362,500 16.9% 54 -16.9% 221 64.0% $22,373,000 -9.0%

Condo $220,800 -55.3% $227,500 -49.4% 8 14.3% 195 -22.8% $1,766,000 -48.9%

VoLuNtoWN

1 Family $174,500 -9.2% $187,500 -0.3% 7 -36.4% 120 -34.6% $1,222,000 -42.2%

Condo - - - - - - - - - -

WAtERFoRD

1 Family $245,100 -1.8% $205,500 -8.7% 84 1.2% 133 -5.3% $20,589,000 -0.6%

Condo $156,600 -1.4% $168,000 7.3% 8 -33.3% 84 -30.4% $1,253,000 -34.3%



Tolland County

FAIRFIELD

NEW HAVEN


WINDHAM



http://38WildernessWay.bhhsNEproperties.com

Q3-2016


0

50000

100000

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200000

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Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016



Tolland County

There were 461 single family homes sold in Third Quarter 2016, down 5.3% YOY. Sales volume went down 2.4% ($111,940,000 vs $114 803,000), and average sales price was $242,800, a 3.0% increase YOY. Condominium sales decreased 11.27% with 63 units sold in Third Quarter 2016. Sales volume decreased $10,414,000 compared to $10,529,000, down 1.0% YOY. Average price for condominiums was $165,300 in Third Quarter 2016, an increase of 11.4%. Average days on market was 126 for single family homes and 151 for condominiums. Average rental prices were $1,414 per month.

Number of Sales

Days on Market

Q4 2014 577 107

Q3 2014 662 95

Q2 2014 607 97

Q1 2014 417 104

Q4 2013 560 98

Q1 2015 481 99

Q4 2014 761 105

Q3 2014 832 95

Q2 2014 740 97

Q1 2014 507 103

Q1 2015 229 95

Q4 2014 339 90

Q3 2014 476 75

Q2 2014 390 85

Q1 2014 246 104

Number of Sales

Days on Market

Q3 2016 524 129

Q2 2016 459 135

Q1 2016 275 151

Q4 2015 389 144

Q3 2015 558 125



Q3 2015


Q3 2016


Q3 2015


Q3 2016




Q3-2016


Tolland CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

AMStoN

1 Family $248,300 12.1% $258,000 12.7% 17 -10.5% 149 9.2% $4,220,000 0.3%

Condo - - - - - - - - - -

ANDoVER

1 Family $241,100 12.2% $255,000 8.5% 8 -38.5% 100 5.0% $1,929,000 -31.0%

Condo - - - - - - - - - -

BoLtoN

1 Family $288,400 2.9% $252,000 5.7% 16 0.0% 134 20.2% $4,614,000 2.9%

Condo - - - - - - - - - -

CoLuMBIA

1 Family $226,200 8.6% $232,800 17.8% 24 -7.7% 154 -20.2% $5,428,000 0.3%

Condo - - - - - - - - - -

CoVENtRy

1 Family $238,300 8.1% $230,000 0.0% 41 -30.5% 98 -17.3% $9,769,000 -24.9%

Condo $164,000 18.1% $164,000 26.2% 2 -60.0% 628 276.0% $328,000 -52.7%

ELLINGtoN

1 Family $270,400 -10.9% $257,000 1.9% 59 13.5% 137 21.0% $15,953,000 1.1%

Condo $134,700 -38.6% $98,000 -62.7% 7 -36.4% 173 -2.0% $943,000 -60.9%

HEBRoN

1 Family $289,400 11.4% $270,300 -2.6% 24 84.6% 155 24.4% $6,947,000 105.7%

Condo $252,000 31.0% $252,000 50.9% 2 -33.3% 84 -20.9% $504,000 -12.7%

MANSFIELD

1 Family $237,600 2.3% $231,000 6.2% 43 34.4% 134 4.9% $10,215,000 37.4%

Condo $160,200 -1.6% $171,300 28.8% 16 33.3% 131 6.2% $2,563,000 31.1%

SoMERS

1 Family $345,300 23.5% $265,000 4.3% 35 -10.3% 98 -26.5% $12,085,000 10.8%

Condo $319,500 - $373,200 - 4 - 96 - $1,278,000 -

StAFFoRD

1 Family $197,300 5.6% $205,000 16.8% 48 9.1% 135 -7.3% $9,471,000 15.2%

Condo $48,000 -47.7% $48,000 -31.4% 1 -80.0% 133 2.0% $48,000 -89.5%

toLLAND

1 Family $265,600 -7.6% $253,500 -11.7% 50 -19.4% 111 16.8% $13,281,000 -25.5%

Condo $202,000 20.4% $176,000 40.8% 6 50.0% 171 -43.6% $1,212,000 80.6%

uNIoN

1 Family $193,500 110.0% $193,500 110.0% 1 -50.0% 258 8.2% $194,000 5.0%

Condo - - - - - - - - - -

VERNoN

1 Family $179,200 -5.4% $176,400 -4.2% 80 -11.1% 124 2.5% $14,336,000 -15.9%

Condo $147,400 18.7% $130,500 20.3% 24 -20.0% 123 17.9% $3,539,000 -5.1%

WILLINGtoN

1 Family $233,300 13.1% $220,000 11.7% 15 -25.0% 124 30.9% $3,500,000 -15.1%

Condo $900 -97.4% $900 -97.4% 1 0.0% - - $1,000 -97.4%



Windham County

FAIRFIELD

NEW HAVEN


WINDHAM



http://76DeerfieldRoad.bhhsNEproperties.com

Q3-2016


0

50000

100000

150000

200000

250000

Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016



Windham County

There were 399 single family homes sold in Third Quarter 2016, up 0.5% YOY. Sales volume increased 3.5% ($73,339,000 vs $70,339,000), and average sales price was $183,800, up 6.0%. 23 condominiums were sold in Third Quarter 2016, down 4.1%. Sales volume jumped 12.6% ($3,466,000 vs $3,077,000), and average sales price jumped 17.5% YOY with an average price of $127,500 in Third Quarter. Average days on market was 127 for single family homes and 125 for condominiums. Average rental prices were $1,230 per month.

Number of Sales

Days on Market

Q3 2014 112 87

Q2 2014 110 98

Q1 2014 70 97

Q4 2013 92 107

Q3 2013 98 88

Number of Sales

Days on Market

Q4 2014 212 95

Q3 2014 262 87

Q2 2014 220 101

Q1 2014 149 108

Q4 2013 207 108

Q1 2015 193 100

Q4 2014 287 100

Q3 2014 341 86

Q2 2014 301 98

Q1 2014 190 101

Number of Sales

Days on Market

Q3 2016 422 127

Q2 2016 389 149

Q1 2016 292 143

Q4 2015 365 143

Q3 2015 421 137



Q3 2015


Q3 2016


Q3 2015


Q3 2016




Q3-2016


Windham CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

ASHFoRD

1 Family $157,300 2.5% $155,000 -6.1% 20 122.2% 141 11.9% $3,146,000 127.7%

Condo - - - - - - - - - -

BRookLyN

1 Family $220,700 16.9% $215,000 3.9% 31 6.9% 101 -1.8% $6,840,000 25.0%

Condo $197,000 -3.9% $197,000 -3.9% 2 0.0% 218 -12.1% $394,000 -3.9%

CANtERBuRy

1 Family $230,500 31.9% $239,900 23.0% 21 5.0% 133 -20.6% $4,840,000 38.5%

Condo - - - - - - - - - -

CHAPLIN

1 Family $187,200 24.6% $180,000 18.4% 11 37.5% 173 39.1% $2,059,000 71.4%

Condo $57,800 - $57,800 - 1 - 88 - $58,000 -

EAStFoRD

1 Family $237,000 4.8% $227,000 7.7% 4 -33.3% 62 -63.4% $948,000 -30.2%

Condo - - - - - - - - - -

HAMPtoN

1 Family $311,900 101.5% $260,000 66.7% 7 0.0% 175 69.0% $2,183,000 101.5%

Condo - - - - - - - - - -

kILLINGLy

1 Family $170,300 5.8% $165,300 6.6% 73 17.7% 126 4.3% $12,432,000 24.5%

Condo $144,200 57.4% $139,900 89.1% 7 16.7% 143 19.4% $1,010,000 83.6%

PLAINFIELD

1 Family $148,800 -12.5% $145,000 -8.2% 49 -18.3% 125 6.1% $7,293,000 -28.5%

Condo $152,000 53.6% $152,000 103.5% 1 -66.7% 88 -7.0% $152,000 -48.8%

PoMFREt

1 Family $275,100 5.8% $258,800 -1.6% 14 7.7% 151 8.9% $3,852,000 13.9%

Condo - - - - - - - - - -

PutNAM

1 Family $151,000 -9.7% $152,500 -0.8% 24 0.0% 128 -14.7% $3,624,000 -9.7%

Condo $179,700 11.3% $185,000 5.7% 7 0.0% 127 -45.3% $1,258,000 11.3%

QuINEBAuG

1 Family $54,900 5.7% $54,900 5.7% 1 -50.0% 84 -47.2% $55,000 -47.2%

Condo - - - - - - - - - -

SCotLAND

1 Family $165,000 -30.1% $165,000 -30.1% 2 100.0% 403 31.7% $330,000 39.8%

Condo - - - - - - - - - -

StERLING

1 Family $190,600 6.7% $186,800 8.7% 14 -22.2% 112 -17.6% $2,669,000 -17.0%

Condo - - - - - - - - - -

tHoMPSoN

1 Family $192,600 -1.9% $198,700 -0.1% 35 0.0% 130 -10.7% $6,742,000 -1.9%

Condo - - - - - - - - - -


Q3-2016


Windham CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

QTR 32016

%CHG15-16

WINDHAM

1 Family $114,300 -7.2% $120,000 1.7% 54 -6.9% 116 -21.8% $6,174,000 -13.6%

Condo $129,000 7.9% $129,000 7.9% 1 -50.0% 49 -16.2% $129,000 -46.0%

WooDStoCk

1 Family $260,300 0.5% $264,900 10.4% 39 -13.3% 128 -13.0% $10,151,000 -12.9%

Condo $116,400 -13.6% $127,000 -5.8% 4 100.0% 82 -50.2% $465,000 72.8%


third quarter 2016 · 2017. 10. 14. · hartford courant and hearst media. contents connecticut...

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