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 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 $1,800,000 47 170 55 132 66 101 82 98 44 124 Fairfield 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. $900,000 $700,000 $762,666 $622,000 $664,967 $588,500 $726,927 $630,000 $697,424 $566,583 $792,348 $615,000 119 105 136 110 226 90 238 108 $400,000 120 126 $300,000 Halstead Property 2
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 $1,500,000 76 210 69 196 94 182 83 165 54 167 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 $1,240,000 18 197 6 89 29 156 29 96 15 209 $400,000 Halstead Property 3
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 $1,800,000 14 155 23 120 34 106 25 158 15 157 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 $1,500,000 18 136 16 219 32 93 30 139 14 155 Halstead Property 4
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 $1,800,000 46 176 37 136 52 144 69 130 34 205 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 $915,000 15 156 17 153 23 157 23 139 15 131 $400,000 Halstead Property 5
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 $590,000 141 126 171 111 $400,000 226 108 $300,000 175 94 $200,000 143 112 $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 $1,800,000 67 128 74 130 106 101 122 125 62 134 Halstead Property 6
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 2016. $1,100,000 $900,000 $944,635 $861,000 $888,506 $845,000 $793,766 $744,500 $940,000 $932,066 $735,000 44 161 51 161 70 115 $700,000 75 130 26 126 Halstead Property 7
OFFICES MANHATTAN PARK AVENUE 499 Park Avenue New York, NY 10022 212.734.0010 BROOKLYN BROOKLYN HEIGHTS 150 Montague Street Brooklyn, NY 11201 718.613.2000 HUDSON VALLEY HUDSON 526 Warren Street Hudson, NY 12534 518.828.0181 QUEENS LONG ISLAND CITY 47-12 Vernon Boulevard Queens, NY 1110 718.878.1800 Prepared by Gregory Heym, Chief Economist, Halstead Property, LLC. Data is sourced from the Greater EAST SIDE 770 Lexington Avenue New York, NY 10065 212.317.7800 WEST SIDE 408 Columbus Avenue New York, NY 10024 212.769.3000 VILLAGE 831 Broadway New York, NY 10003 212.253.9300 SOHO 451 West Broadway New York, NY 10012 212.253.9300 HARLEM 2169 Frederick Douglass Boulevard New York, NY 10026 212.381.2570 WASHINGTON HEIGHTS 819 West 187th Street New York, NY 10033 212.928.3805 RIVERDALE RIVERDALE JOHNSON 3531 Johnson Avenue Riverdale, NY 10463 718.878.1700 RIVERDALE MOSHOLU 5626 Mosholu Avenue Riverdale, NY 10471 718.549.4116 BOERUM HILL 495 Atlantic Avenue Brooklyn, NY 11217 718.613.2090 PARK SLOPE 76 Seventh Avenue Brooklyn, NY 11217 718.399.2222 PARK SLOPE 244 Fifth Avenue Brooklyn, NY 11215 718.622.9300 COBBLE HILL 162 Court Street Brooklyn, NY 11201 718.613.2020 BEDFORD STUYVESANT 316 Stuyvesant Avenue Brooklyn, NY 11233 718.613.2800 SOUTH SLOPE 1214 8th Avenue Brooklyn, NY 11215 718.878.1888 NEW JERSEY HOBOKEN 200 Washington Street Hoboken, NJ 07030 201.478.6700 MONTCLAIR 635 Valley Road, Montclair, NJ 07030 973.744.6033 CONNECTICUT DARIEN 671 Boston Post Road Darien, CT 06820 203.655.1418 NEW CANAAN - ELM STREET 183 Elm Street New Canaan, CT 06840 203.966.7800 NEW CANAAN - SOUTH AVENUE 6 South Avenue New Canaan, CT 06840 203,966.7772 ROWAYTON 140 Rowayton Avenue Rowayton, CT 06853 203.655.1418 GREENWICH 125 Mason Street Greenwich, CT 06830 203.869.8100 STAMFORD 1099 High Ridge Road Stamford, CT 06905 203.329.8801 WESTPORT 379 Post Road East Westport, CT 06880 203.221.0666 WILTON 21 River Road Wilton, CT 06897 203.762.8118 HAMPTONS EAST HAMPTON 2 Newtown Lane East Hampton, NY 11937 631.324.6100 SOUTHAMPTON 31 Main Street Southampton, NY 11968 631.283.2883 CORPORATE COMMERCIAL SALES 770 Lexington Avenue New York, NY 10065 212.381.3208 DEVELOPMENT ING 445 Park Avenue New York, NY 10022 212.253.9300 GLOBAL SERVICES 770 Lexington Avenue New York, NY 10065 800.765.2692 x6521 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.