Connecticut Single-Family

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Beatrix Bridges
5 years ago
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1 2016 FIRST Connecticut Single-Family SALES REPORT quarter

2 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 of the market, was 6% lower during this time. The 44 reported closings were a 29% improvement from 2015 s first quarter. $1,747,746 $1,469,050 $1,792,351 $1,579,500 $1,692,379 $1,497,500 $1,807,006 $1,387,500$2,036,281 $1,375, Fairfield Fairfield single-family home prices averaged $762,666 in the first quarter, a decline of 5% over the past year. The median price posted a 14% increase compared to a year ago, rising to $622,000. Despite homes spending more time on the market, the number of closings rose 8% from the first quarter of $900,000 $700,000 $600,000 $806,824 $545,800 $691,448 $578,500 $791,939 $625,000 $683,967 $547,500 $762,666 $622, $400, $300,000 Halstead Property 2

3 Greenwich - Central Greenwich Central Greenwich homes sold for an average of $2,752,120 in the first quarter, 7% less than 2015 s comparable period. The number of sales rose 4% over the past year to 54. Homes sold spent an average of 167 days on the market, which was 18% less time than 2015 s first quarter. $2,966,500 $1,880,000 $2,817,547 $2,400,000 $3,095,744 $2,290,000 $2,323,878 $2,752,120 $1,735,000 $3,500,000 $3,000,000 $2,500,000 $1,500, Greenwich - Cos Cob Cos Cob homes saw both their average and median prices decline compared to the first quarter of This area was slightly less active than a year ago, with 15 sales reported. Average Median sales and price $1,489,656 $1,307,500 $1,225,500 $1,434,584 $1,150,000 $1,386,111 $875,000 $1,302,767 $1,175,

4 Greenwich - Old Greenwich While both the average and median prices jumped over the past year in Old Greenwich, this is a relatively small market where data can fluctuate greatly. The number of sales also rose sharply, and was 67% higher than a year ago. $1,526,124 $1,295,000 $2,122,003 $1,845,000 $2,161,967 $1,785,000 $1,837,635 $2,137,633 $1,795,000 $2,400,000 $2,200, Greenwich - Riverside Riverside saw its average price decline from an abnormally high figure a year ago. The 14 closings during the first quarter were an 8% improvement from the same period last year. Average Median sales and price $3,651,923 $2,080,000 $2,420,778 $2,181,250 $1,733,715 $2,065,288 $1,941,000 $2,002,321 $4,000,000 $3,500,000 $3,000,000 $2,500,000 $1,500, Halstead Property 4

5 New Canaan The average price edged up in New Canaan, reaching $1,816,324 in the first quarter. The median price posted a larger increase, rising 8% to $1,537,500. The number of sales was unchanged from the first quarter of $1,800,921 $1,420,000 $2,052,757 $1,735,000 $1,606,481 $1,440,000 $1,806,185 $1,491,250 $1,816,324 $1,537,500 $2,200, Norwalk Norwalk saw a dip in both its average and median prices over the past year. The number of sales rose 6%, from 107 a year ago to 113. $700,000 $600,000 $563,398 $430,000 $591,614 $475,000 $547,773 $460,000 $553,948 $419,000 $557,260 $407, $400, $300, $200, $100,000 Halstead Property 5

6 Stamford The average price rose 2% over the past year in Stamford, while the median price was 9% higher. Homes spent an average of 112 days on the market, which was 14% less time than during 2015 s first quarter. $700,000 $600,000 $400,000 $632,737 $500,500 $645,403 $574,000 $695,311 $590,000 $652,989 $583,000 $642,970 $545, $300, $200, $100,000 Westport While the average price declined 12% from 2015 s first quarter in Westport, the median price was 10% higher at $1,380,000. The market was slightly more active than a year ago, with 2% more sales reported. Average Median sales and price $1,860,672 $1,250,000 $1,837,134 $1,450,000 $1,503,267 $1,290,000 $1,498,133 $1,332,000 $1,638,149 $1,380, Halstead Property 6

7 Wilton Wilton saw a 3% bump in its average price over the past year, with the median price down slightly. There were 10% fewer closings reported than during the first quarter of $1,100,000 $900,000 $914,552 $875,000 $942,897 $855,000 $ 910,396 $819,500 $741,095 $632,000 $944,635 $861, $700, $600, Halstead Property 7

8 OFFICES CONNECTICUT Darien 671 Boston Post Road Darien, CT MANHATTAN Park Avenue 499 Park Avenue New York, NY BROOKLYN Brooklyn Heights 150 Montague Street Brooklyn, NY Queens Long Island City Vernon Boulevard Queens, NY Prepared by Gregory Heym, Chief Economist, Halstead Property, LLC. Data is sourced from the Greater 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 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 HUDSON VALLEY Hudson 526 Warren Street Hudson, NY NEW JERSEY HOBOKEN 200 Washington Street Hoboken, NJ Montclair 635 Valley Road, Montclair, NJ 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 SALES REPORT FIRST QUARTER

2017 CONNECTICUT SINGLE-FAMILY SALES REPORT FIRST QUARTER 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