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 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 $1,375,000 44 124 50 100 112 84 90 113 34 140 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 2015. $900,000 $700,000 $600,000 $806,824 $545,800 $691,448 $578,500 $791,939 $625,000 $683,967 $547,500 $762,666 $622,000 120 126 179 109 242 103 250 96 $400,000 111 104 $300,000 Halstead Property 2
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 $1,500,000 54 167 69 170 99 191 99 176 52 204 Greenwich - Cos Cob Cos Cob homes saw both their average and median prices decline compared to the first quarter of 2015. 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 $1,175,000 15 209 9 242 17 120 24 101 16 163
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 $2,200,000 15 157 23 163 30 110 40 168 9 137 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 $1,500,000 14 155 20 155 37 85 44 136 13 129 Halstead Property 4
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 2015. $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 $2,200,000 34 205 46 166 78 140 85 166 34 192 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 $407,500 113 126 151 111 $400,000 217 92 $300,000 173 92 $200,000 107 107 $100,000 Halstead Property 5
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 $545,000 143 112 178 106 240 91 $300,000 198 92 $200,000 122 130 $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 $1,380,000 62 134 87 125 137 93 97 120 61 126 Halstead Property 6
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 2015. $1,100,000 $900,000 $914,552 $875,000 $942,897 $855,000 $ 910,396 $819,500 $741,095 $632,000 $944,635 $861,000 26 126 41 122 68 106 $700,000 69 124 $600,000 29 114 Halstead Property 7
OFFICES CONNECTICUT Darien 671 Boston Post Road Darien, CT 06820 203.655.1418 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 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 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 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 HUDSON VALLEY Hudson 526 Warren Street Hudson, NY 12534 518.828.0181 NEW JERSEY HOBOKEN 200 Washington Street Hoboken, NJ 07030 201.478.6700 Montclair 635 Valley Road, Montclair, NJ 07030 973.744.6033 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. 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# 99124635 Visit halstead.com for access to all of our reports, listings, neighborhood information and more.