Weston ket Report First Quarter 219 219 Connecticut Hamptons New York City New Jersey Hudson Valley 379 POST ROAD EAST, WESTPORT, CT 688 (23) 221-666 HALSTEAD CONNECTICUT, LLC
Weston Overview 219 218 % CHANGE : Closings in First Quarter 27 23 +17.4% : Average Closing Price First Quarter $64,685 $728,93-12.1% : Pending on ch 31st 16 15 +6.7% : Inventory on ch 31st 14 151-7.3% Weston Closed: First Quarter 3 27 25 2 19 18 17 21 22 24 23 15 1 5 212 213 214 215 216 217 218 219 Average Closed Price: First Quarter 219 218 217 216 215 $64,685 $728,93 $754,486 $834,577 $843,424 214 $1,15,786 213 $73,831 212 $628,697 $ $2, $4, $6, $8, $1,, $1,2, Weston House Listings Inventory 25 2 15 1 5 216 217 218 219 First Quarter 219 2
Weston Active House Listings as of ch 31st 219 218 % Under $5K 12 18-33.3% $5K-$7K 29 34-14.7% $7K-$9K 38 31 +22.6% $9K-$1.2M 26 21 +23.8% $1.2M-$1.5M 16 25-36% $1.5M-$2M 8 16-5% Over $2M 11 6 +83.3% Number of Closed: First Quarter 219 218 % Under $5K 7 6 +16.7% $5K-$7K 14 6 +133.3% $7K-$9K 2 4-5% $9K-$1.2M 2 4-5% $1.2M-$1.5M 2 3-33.3% $1.5M-$2M NA Over $2M NA Average List-to-Sale-Price Ratio: Based on closing from ober 218-ch 219 (six months) UNDER $5K $5K-$7K $7K-$9K $9K-$1.2M $1.2M-$1.5M $1.5M-$2M OVER $2M 97.3% 95.7% 94.1% 96.3% 94.5% 87.% 1.1% Average for all price points: 95.5% : Active/Closed/Pending Active/Pending as of ch 31st; Closed: First Quarter Active Closed Pending 4 38 3 29 26 2 1 16 12 14 11 7 8 2 3 4 2 2 3 2 3 1 Under $5K $5K-$7K $7K-$9K $9K-$1.2M $1.2M-$1.5M $1.5M-$2M Over $2M First Quarter 219 3
Weston Absorption Rate: Absorption Rate: How many months it would take to sell all active listings in a given market or price range. We calculate it by taking the average number of closings over the prior 12 months and multiplying that by the number of active listings. Absorption Rate in Months: 16. 14. 12. 1. 8. 1.5 11.5 12.3 14.4 12.6 12.1 11.3 11.1 1.4 8.7 8.2 8.9 9.8 6. 4. 2.. -18-18 -18-18 -18-18 -18-18 -18-18 -19-19 -19 MARCH 219 SEPTEMBER 218 MARCH 218 LISTINGS ABSORPTION RATE LISTINGS ABSORPTION RATE LISTINGS ABSORPTION RATE Under $5K 12 5.3 17 7.6 18 8.6 $5K-$7K 29 5.4 41 8.9 34 11.7 $7K-$9K 38 12.7 38 1.6 31 6.9 $9K-$1.2M 26 2.8 29 16.6 21 7.6 $1.2M-$1.5M 16 9.6 25 13. 25 21.4 $1.5M-$2M 8 13.7 8 12. 16 24. Over $2M 11 66. 1 12. 6 18. Weston had a 9.8-month supply of houses for sale in ch, 7% lower than the same time last year, when the absorption rate was 1.5 months. The tightest price ranges were under $7, where there averaged a 5.4-month supply of houses for sale. 2 Hunt Lane, Weston. $1,199, WEB# 171631 First Quarter 219
Lower Fairfield County Town Comparison: First Quarter (Single Family Homes) Town # of Sold % change Median Selling Price % change 219 218 219 218 Darien 42 4 +5% $1,335,18 $1,444,751-7.6% Easton 21 23-8.7% $64,967 $55,683 +9.9% Fairfield 142 131 +8.4% $724,548 $766,77-5.5% All of Greenwich 74 12-27.5% $2,32,46 $2,663,322-13.6% New Canaan 42 35 +2% $1,338,649 $1,893,1-29.3% Norwalk 11 16-4.7% $578,94 $566,295 +2.2% Redding 17 21-19% $454,676 $534,89-15% Ridgefield 48 48 % $76,566 $672,892 +5% Rowayton* 11 11 % $1,173,182 $1,39,825 +12.8% Stamford 12 153-21.6% $565,948 $651,123-13.1% Weston 27 23 +17.4% $64,685 $728,93-12.1% Westport 46 84-45.2% $1,291,595 $1,535,635-15.9% Wilton 4 34 +17.6% $768,875 $834,98-7.9% *Rowayton solds data also included in Norwalk. Single Family House Inventory Supply ch 219 vs. ch 218 At the end of ch the supply of active single family houses in Lower Fairfield County, collectively, was almost identical to the supply at the same time last year, with just a.1% change.. The map to the right shows the year-over-year change in number of active houses for each town at the end of ch, 219 as it compares to ch, 218. All data sourced from Connecticut Smart MLS and Greenwich MLS. Actives from the Connecticut Smart MLS include Active and Show status. Actives from the Greenwich MLS include Active and Contingent Contract status. 219 Halstead Connecticut, LLC. All Rights Reserved. This information may not be copied, commercially used or distributed without Halstead s prior consent. While information is believed true, no guaranty is made of accuracy. GREENWICH +5% RIDGEFIELD -4% STAMFORD +2% NEW CANAAN % DARIEN -8% REDDING -12% WILTON +1% WESTON -7% NORWALK +4% EASTON -26% WESTPORT -5% FAIRFIELD +9% ROWAYTON -2% Halstead Offices/ket Reports First Quarter 219 5