CONNECTICUT SINGLE-FAMILY SALES REPORT FIRST QUARTER

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Dylan Kelly
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1 2017 CONNECTICUT SINGLE-FAMILY SALES REPORT FIRST QUARTER

2 Darien 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%. $2,036,281 $1,375,000 $1,664,140 $1,494,023 $1,195,000 $1,647,005 $1,611,319 $1,440,000 $1,800, Fairfield Fairfield homes sold for an average of $792,348, a 4% increase from the first quarter of Homes spent 17% less time on the market than a year ago, at an average of 105 days. $900,000 $700,000 $762,666 $622,000 $664,967 $588,500 $726,927 $630,000 $697,424 $566,583 $792,348 $615, $400, $300,000 Halstead Property 2

3 Greenwich - Central Greenwich 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. $2,752,120 $1,735,000 $2,536,563 $2,025,000 $2,538,681 $2,200,000 $2,278,685 $1,700,000 $2,883,863 $2,050,000 $3,500,000 $3,000,000 $2,500,000 $1,500, Greenwich - Cos Cob 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. $1,302,767 $1,175,000 $1,463,224 $1,310,000 $1,195,973 $1,050,000 $1,285,000 $1,130,000 $1,285,611 $1,240, $400,000 Halstead Property 3

4 Greenwich - Old Greenwich 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. $2,137,633 $1,795,000 $2,192,800 $2,285,000 $1,902,540 $1,572,500 $1,888,629 $1,500,000 $2,377,643 $2,137,500 $2,400,000 $2,200,000 $1,800, Greenwich - Riverside 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%. $2,002,321 $2,099,195 $1,712,500 $2,516,375 $1,875,000 $1,576,750 $1,242,500 $2,260,216 $1,880,000 $3,500,000 $3,000,000 $2,500,000 $1,500, Halstead Property 4

5 New Canaan 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. $1,816,324 $1,537,500 $1,792,993 $1,500,000 $1,923,588 $1,695,000 $1,483,432 $1,310,000 $1,646,358 $1,406,250 $2,200,000 $1,800, Rowayton 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. $1,371,547 $900,000 $1,521,648 $1,475,000 $1,220,065 $1,053,000 $1,172,176 $1,134,267 $915, $400,000 Halstead Property 5

6 Stamford 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. $700,000 $642,970 $545,000 $646,873 $575,000 $642,783 $563,750 $616,626 $550,000 $687,391 $590, $400, $300, $200, $100,000 Westport 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. $1,638,149 $1,380,000 $1,539,171 $1,262,500 $1,496,000 $1,284,000 $1,482,941 $1,230,000 $1,590,118 $1,800, Halstead Property 6

7 Wilton 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 $1,100,000 $900,000 $944,635 $861,000 $888,506 $845,000 $793,766 $744,500 $940,000 $932,066 $735, $700, Halstead Property 7

8 OFFICES MANHATTAN PARK AVENUE 499 Park Avenue New York, NY BROOKLYN BROOKLYN HEIGHTS 150 Montague Street Brooklyn, NY HUDSON VALLEY HUDSON 526 Warren Street Hudson, NY QUEENS LONG ISLAND CITY Vernon Boulevard Queens, NY Prepared by Gregory Heym, Chief Economist, Halstead Property, LLC. Data is sourced from the Greater EAST SIDE 770 Lexington Avenue New York, NY WEST SIDE 408 Columbus Avenue New York, NY VILLAGE 831 Broadway New York, NY SOHO 451 West Broadway New York, NY HARLEM 2169 Frederick Douglass Boulevard New York, NY WASHINGTON HEIGHTS 819 West 187th Street New York, NY RIVERDALE RIVERDALE JOHNSON 3531 Johnson Avenue Riverdale, NY RIVERDALE MOSHOLU 5626 Mosholu Avenue Riverdale, NY BOERUM HILL 495 Atlantic Avenue Brooklyn, NY PARK SLOPE 76 Seventh Avenue Brooklyn, NY PARK SLOPE 244 Fifth Avenue Brooklyn, NY COBBLE HILL 162 Court Street Brooklyn, NY BEDFORD STUYVESANT 316 Stuyvesant Avenue Brooklyn, NY SOUTH SLOPE th Avenue Brooklyn, NY NEW JERSEY HOBOKEN 200 Washington Street Hoboken, NJ MONTCLAIR 635 Valley Road, Montclair, NJ CONNECTICUT DARIEN 671 Boston Post Road Darien, CT NEW CANAAN - ELM STREET 183 Elm Street New Canaan, CT NEW CANAAN - SOUTH AVENUE 6 South Avenue New Canaan, CT , ROWAYTON 140 Rowayton Avenue Rowayton, CT GREENWICH 125 Mason Street Greenwich, CT STAMFORD 1099 High Ridge Road Stamford, CT WESTPORT 379 Post Road East Westport, CT WILTON 21 River Road Wilton, CT HAMPTONS EAST HAMPTON 2 Newtown Lane East Hampton, NY SOUTHAMPTON 31 Main Street Southampton, NY CORPORATE COMMERCIAL SALES 770 Lexington Avenue New York, NY DEVELOPMENT ING 445 Park Avenue New York, NY GLOBAL SERVICES 770 Lexington Avenue New York, NY x6521 Fairfield County CMLS, Darien MLS, Greenwich MLS and New Canaan MLS 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# Visit halstead.com for access to all of our reports, listings, neighborhood information and more.

Connecticut Single-Family

2016 FIRST Connecticut Single-Family SALES REPORT quarter Darien The average price rose 17% over the past year in Darien, helped by an increase in high-end sales. The median price, which measures the middle