+ All Categories
Home > Documents > Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug...

Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug...

Date post: 15-Jan-2020
Category:
Upload: others
View: 3 times
Download: 0 times
Share this document with a friend
19
Connecticut Market Report Third Quarter 2018 2018 125 MASON STREET, GREENWICH, CT 06830 | (203) 869-8100 HALSTEAD CONNECTICUT, LLC Connecticut | Hamptons | New York City | New Jersey | Hudson Valley
Transcript
Page 1: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

Connecticut Market ReportThird Quarter 2018 2018

125 MASON STREET, GREENWICH, CT 06830 | (203) 869-8100

HALSTEAD CONNECTICUT, LLC

Connecticut | Hamptons | New York City | New Jersey | Hudson Valley

Page 2: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

2

All Of Greenwich Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

All Of Greenwich Listings Inventory

All of Greenwich Overview

Third Quarter 2018

Houses Condos

Houses Condos

2018 2017 % CHANGE

Houses: Closings in Third Quarter 183 145 +26.2%

Houses: Closings First Nine Months 458 434 +5.5%

Houses: Median Closing Price First Nine Months $1,848,750 $1,804,500 +2.5%

Houses: Average Closing Price First Nine Months $2,434,670 $2,503,360 -2.7%

Houses: Active Inventory Sept. 30th 662 643 +3%

Condos: Closings First Nine Months 130 162 -19.8%

Condos: Average Closing Price First Nine Months $907,337 $926,373 -2.1%

Condos: Active Inventory Sept. 30th 134 135 -0.7%

444 437501

463 480 459 434 458

102 101155 139 156 139 162

130

0

100

200

300

400

500

600

2011 2012 2013 2014 2015 2016 2017 2018

$2,458,820

$2,337,483

$2,116,259

$2,758,876

$2,497,748

$2,239,579

$2,503,360

$2,434,670

$758,648

$807,787

$787,596

$864,136

$1,010,076

$847,560

$926,373

$907,337

$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000

2011

2012

2013

2014

2015

2016

2017

2018

02004006008001000

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

2016 2017 2018

Active inventory from Greenwich MLS includes Active and Contingent Contract status.

Page 3: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

3

Greenwich Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

Greenwich Listings Inventory

Greenwich Overview

Houses Condos

Houses

Third Quarter 2018

2018 2017 % CHANGE

Houses: Closings in Third Quarter 109 85 +28.2%

Houses: Closings First Nine Months 252 248 +1.6%

Houses: Median Closing Price First Nine Months $1,997,500 $1,900,000 +5.1%

Houses: Average Closing Price First Nine Months $2,691,437 $2,749,469 -2.1%

Houses: Active Inventory Sept. 30th 432 433 -0.2%

Condos: Closings First Nine Months 105 123 -14.6%

Condos: Average Closing Price First Nine Months $946,273 $952,004 -0.6%

Condos: Active Inventory Sept. 30th 105 103 +1.9%

0

200

400

600

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

2016 2017 2018

235213

241 253 250234

248 252

79 76

122100

117102

123105

0

50

100

150

200

250

300

2011 2012 2013 2014 2015 2016 2017 2018

$3,142,089

$2,743,521

$2,496,944

$3,362,257

$2,958,695

$2,593,719

$2,749,469

$2,691,437

$767,026

$878,895

$847,428

$957,596

$1,120,280

$891,497

$952,004

$946,273

$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 $4,000,000

2011

2012

2013

2014

2015

2016

2017

2018

Page 4: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

4

2018 2017 % CHANGE

Houses: Closings in Third Quarter 19 13 +46.2%

Houses: Closings First Nine Months 62 48 +29.2%

Houses: Median Closing Price First Nine Months $1,475,500 $1,240,000 +19%

Houses: Average Closing Price First Nine Months $1,636,683 $1,363,581 +20%

Houses: Active Inventory Sept. 30th 60 54 +11.1%

Condos: Closings First Nine Months 12 21 -42.9%

Condos: Average Closing Price First Nine Months $946,954 $976,429 -3%

Condos: Active Inventory Sept. 30th 14 20 -30%

Cos Cob Closed: First Nine Months Houses

Average Closed Price: First Nine Months

Cos Cob Listings Inventory

Cos Cob Overview

Houses

Houses

Third Quarter 2018

020406080100

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

2016 2017 2018

45

5853 51

57

73

48

62

0

10203040

50607080

2011 2012 2013 2014 2015 2016 2017 2018

$1,150,191

$1,243,734

$1,250,163

$1,281,125

$1,362,007

$1,324,085

$1,363,581

$1,636,683

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000

2011

2012

2013

2014

2015

2016

2017

2018

Page 5: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

5

Riverside Closed: First Nine Months Houses

Average Closed Price: First Nine Months

Riverside Listings Inventory

Riverside Overview

Houses

Houses

Third Quarter 2018

2018 2017 % CHANGE

Houses: Closings in Third Quarter 30 24 +25%

Houses: Closings First Nine Months 79 81 -2.5%

Houses: Median Closing Price First Nine Months $1,875,000 $1,785,000 +5%

Houses: Average Closing Price First Nine Months $2,455,745 $2,353,439 +4.3%

Houses: Active Inventory Sept. 30th 98 78 +25.6%

0

50

100

150

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

2016 2017 2018

90 94

120

7894

77 81 79

0

20

40

60

80

100

120

140

2011 2012 2013 2014 2015 2016 2017 2018

$1,797,599

$2,109,247

$1,986,407

$2,037,741

$2,320,603

$2,234,836

$2,353,439

$2,455,745

$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000

2011

2012

2013

2014

2015

2016

2017

2018

Page 6: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

6

Old Greenwich Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

Old Greenwich Listings Inventory

Old Greenwich Overview

Houses Condos

Houses

Third Quarter 2018

2018 2017 % CHANGE

Houses: Closings in Third Quarter 25 23 +8.7%

Houses: Closings First Nine Months 65 57 +14%

Houses: Median Closing Price First Nine Months $1,850,000 $2,125,000 -12.9%

Houses: Average Closing Price First Nine Months $2,174,745 $2,605,432 -16.5%

Houses: Active Inventory Sept. 30th 72 78 -7.7%

Condos: Closings First Nine Months 10 12 -16.7%

Condos: Average Closing Price First Nine Months $515,169 $696,583 -26%

Condos: Active Inventory Sept. 30th 11 10 +10%

020406080100

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

2016 2017 2018

74 72

8781 79 75

5765

15 14 15 18 20 1912 10

0102030405060708090100

2011 2012 2013 2014 2015 2016 2017 2018

$1,888,952

$2,315,337

$1,768,448

$2,499,107

$2,069,294

$2,030,612

$2,605,432

$2,174,745

$543,000

$472,643

$444,908

$490,626

$565,725

$554,079

$696,583

$515,169

$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000

2011

2012

2013

2014

2015

2016

2017

2018

Page 7: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

7

Stamford Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

Stamford Listings Inventory

Stamford Overview

Third Quarter 2018

Houses Condos

Houses Condos

2018 2017 % CHANGE

Houses: Closings in Third Quarter 186 215 -13.5%

Houses: Closings First Nine Months 555 569 -2.5%

Houses: Median Closing Price First Nine Months $583,000 $585,000 -0.3%

Houses: Average Closing Price First Nine Months $642,040 $661,764 -3%

Houses: Active Inventory Sept. 30th 434 446 -2.7%

Condos: Closings First Nine Months 484 500 -3.2%

Condos: Average Closing Price First Nine Months $348,651 $335,212 +4%

Condos: Active Inventory Sept. 30th 242 303 -20.1%

428462

541

463

562 548 569 555

323 320

413453 426

497 500 484

0

100

200

300

400

500

600

2011 2012 2013 2014 2015 2016 2017 2018

$674,868

$645,552

$646,314

$689,832

$662,434

$642,530

$661,764

$642,040

$323,530

$320,543

$326,023

$353,273

$316,385

$353,227

$335,212

$348,651

$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000

2011

2012

2013

2014

2015

2016

2017

2018

0100200300400500600700800

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

2015 2016 2017 2018

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 8: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

8

Darien Closed: First Nine Months Houses

Average Closed Price: First Nine Months

Darien House Listings Inventory

Darien Overview

Houses

Third Quarter 2018

2018 2017 % CHANGE

Houses: Closings in Third Quarter 82 111 -26.1%

Houses: Closings First Nine Months 205 249 -17.7%

Houses: Median Closing Price First Nine Months $1,385,000 $1,425,000 -2.8%

Houses: Average Closing Price First Nine Months $1,631,816 $1,660,230 -1.7%

Houses: Active Inventory Sept. 30th 250 225 +11.1%

Condos: Closings First Nine Months 7 16 -56.3%

Condos: Average Closing Price First Nine Months $1,010,357 $1,043,331 -3.2%

Condos: Active Inventory Sept. 30th 18 19 -5.3%

172210 223 217 232

195

249

205

0

50

100

150

200

250

300

2011 2012 2013 2014 2015 2016 2017 2018

$1,617,544

$1,449,367

$1,569,914

$1,550,994

$1,697,827

$1,681,161

$1,660,230

$1,631,816

$1,300,000 $1,350,000 $1,400,000 $1,450,000 $1,500,000 $1,550,000 $1,600,000 $1,650,000 $1,700,000 $1,750,000

2011

2012

2013

2014

2015

2016

2017

2018

0

50

100

150

200

250

300

350

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

2015 2016 2017 2018

Houses

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 9: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

9

New Canaan Closed: First Nine Months

Average Closed Price: First Nine Months

New Canaan Listings Inventory

New Canaan Overview

Third Quarter 2018

Houses Condos

Houses Condos

CondosHouses

2018 2017 % CHANGE

Houses: Closings in Third Quarter 71 74 -4.1%

Houses: Closings First Nine Months 168 202 -16.8%

Houses: Median Closing Price First Nine Months $1,355,000 $1,465,500 -7.5%

Houses: Average Closing Price First Nine Months $1,663,073 $1,699,167 -2.1%

Houses: Active Inventory Sept. 30th 323 283 +14.1%

Condos: Closings First Nine Months 39 36 +8.3%

Condos: Average Closing Price First Nine Months $692,968 $690,104 +0.4%

Condos: Active Inventory Sept. 30th 42 51 -17.6%

159 157

222

191 200

157

202

168

4930 39

5436 39 36 39

0

50

100

150

200

250

2011 2012 2013 2014 2015 2016 2017 2018

$1,882,157

$1,594,138

$1,623,098

$1,952,460

$1,787,561

$1,837,568

$1,699,167

$1,663,073

$743,163

$723,208

$746,568

$762,479

$801,601

$775,756

$690,104

$692,968

$0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000

2011

2012

2013

2014

2015

2016

2017

2018

050100150200250300350400450

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

2015 2016 2017 2018

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 10: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

10

Wilton Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

Wilton House Listings Inventory

Wilton Overview

Third Quarter 2018

Houses Condos

2018 2017 % CHANGE

Houses: Closings in Third Quarter 74 66 +12.1%

Houses: Closings First Nine Months 165 181 -8.8%

Houses: Median Closing Price First Nine Months $822,500 $762,500 +7.9%

Houses: Average Closing Price First Nine Months $893,864 $848,853 +5.3%

Houses: Active Inventory Sept. 30th 219 215 +1.9%

Condos: Closings First Nine Months 23 21 +9.5%

Condos: Average Closing Price First Nine Months $424,413 $352,043 +20.6%

Condos: Active Inventory Sept. 30th 17 11 +54.5%

142167

207181

166 173 181165

17 14 25 23 24 24 21 23

0

50

100

150

200

250

2011 2012 2013 2014 2015 2016 2017 2018

$947,704

$799,032

$892,459

$937,921

$924,632

$857,237

$848,853

$893,864

$339,338

$482,384

$419,154

$435,184

$428,146

$345,585

$352,043

$424,413

$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000

2011

2012

2013

2014

2015

2016

2017

2018

0

100

200

300

400

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

2015 2016 2017 2018

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 11: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

11

Norwalk Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

Norwalk Listings Inventory

Norwalk Overview

Houses Condos

Houses Condos

2018 2017 % CHANGE

Houses: Closings in Third Quarter 204 187 +9.1%

Houses: Closings First Nine Months 513 509 +0.8%

Houses: Median Closing Price First Nine Months $510,000 $470,000 +8.5%

Houses: Average Closing Price First Nine Months $623,479 $617,602 +1%

Houses: Active Inventory Sept. 30th 353 336 +5.1%

Condos: Closings First Nine Months 270 283 -4.6%

Condos: Average Closing Price First Nine Months $282,607 $302,037 -6.4%

Condos: Active Inventory Sept. 30th 123 149 -17.4%

338387

486446

497 521 509 513

149 163

252201

258 245283 270

0

100

200

300

400

500

600

2011 2012 2013 2014 2015 2016 2017 2018

$610,453

$551,957

$556,232

$562,621

$566,213

$581,737

$617,602

$623,479

$324,814

$247,371

$252,218

$261,646

$291,667

$320,668

$302,037

$282,607

$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000

2011

2012

2013

2014

2015

2016

2017

2018

0

100

200

300

400

500

600

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

2015 2016 2017

Third Quarter 2018

2018

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 12: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

12

Rowayton Closed: First Nine Months Houses

Average Closed Price: First Nine Months

Rowayton House Listings Inventory

Rowayton Overview

Third Quarter 2018

Houses

2018 2017 % CHANGE

Houses: Closings in Third Quarter 24 26 -7.7%

Houses: Closings First Nine Months 56 67 -16.4%

Houses: Median Closing Price First Nine Months $925,000 $1,360,000 -32%

Houses: Average Closing Price First Nine Months $1,286,041 $1,388,702 -7.4%

Houses: Active Inventory Sept. 30th 64 62 +3.2%

Condos: Closings First Nine Months 2 8 -75%

Condos: Average Closing Price First Nine Months $316,000 $1,410,625 -77.6%

Condos: Active Inventory Sept. 30th 2 7 -71.4%

4147

55 59 5665 67

56

010

2030405060

7080

2011 2012 2013 2014 2015 2016 2017 2018

$1,361,415

$1,288,351

$1,155,705

$1,220,747

$1,281,038

$1,380,295

$1,388,702

$1,286,041

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000

2011

2012

2013

2014

2015

2016

2017

2018

0

20

40

60

80

100

120

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

2015 2016 2017 2018

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 13: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

13

Westport Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

Westport House Listings Inventory

Westport Overview

Third Quarter 2018

Houses Condos

2018 2017 % CHANGE

Houses: Closings in Third Quarter 130 132 -1.5%

Houses: Closings First Nine Months 332 337 -1.5%

Houses: Median Closing Price First Nine Months $1,232,500 $1,325,000 -7%

Houses: Average Closing Price First Nine Months $1,470,344 $1,574,612 -6.6%

Houses: Active Inventory Sept. 30th 354 381 -7.1%

Condos: Closings First Nine Months 18 27 -33.3%

Condos: Average Closing Price First Nine Months $629,741 $581,294 +8.3%

Condos: Active Inventory Sept. 30th 15 12 +25%

287 279

362

291 297 291337 332

23 24 27 30 17 17 27 18

0

50100150200250

300350400

2011 2012 2013 2014 2015 2016 2017 2018

$1,354,427

$1,425,736

$1,538,416

$1,564,874

$1,691,147

$1,542,028

$1,574,612

$1,470,344

$543,435

$664,250

$581,519

$670,558

$674,747

$686,102

$581,294

$629,741

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000

2011

2012

2013

2014

2015

2016

2017

2018

0

100

200

300

400

500

600

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

2015 2016 2017 2018

Houses

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 14: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

14

2018 2017 % CHANGE

Houses: Closings in Third Quarter 63 42 +50%

Houses: Closings First Nine Months 129 126 +2.4%

Houses: Median Closing Price First Nine Months $700,000 $799,500 -12.4%

Houses: Average Closing Price First Nine Months $813,282 $860,940 -5.5%

Houses: Active Inventory Sept. 30th 169 159 +6.3%

Weston Closed: First Nine Months Houses

Average Closed Price: First Nine Months

Weston House Listings Inventory

Weston Overview

Houses

Third Quarter 2018

8395

138122 124 129 126 129

020

406080100120

140160

2011 2012 2013 2014 2015 2016 2017 2018

$874,196

$804,155

$867,108

$882,423

$929,948

$873,738

$860,940

$813,282

$740,000 $760,000 $780,000 $800,000 $820,000 $840,000 $860,000 $880,000 $900,000 $920,000 $940,000

2011

2012

2013

2014

2015

2016

2017

2018

0

50

100

150

200

250

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

2015 2016 2017 2018

Houses

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 15: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

15

Fairfield Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

Fairfield Listings Inventory

Fairfield Overview

Third Quarter 2018

Houses Condos

Houses Condos

2018 2017 % CHANGE

Houses: Closings in Third Quarter 229 248 -7.7%

Houses: Closings First Nine Months 588 617 -4.7%

Houses: Median Closing Price First Nine Months $640,000 $605,000 +5.8%

Houses: Average Closing Price First Nine Months $791,217 $735,005 +7.6%

Houses: Active Inventory Sept. 30th 508 478 +6.3%

Condos: Closings First Nine Months 96 112 -14.3%

Condos: Average Closing Price First Nine Months $447,813 $437,816 +2.3%

Condos: Active Inventory Sept. 30th 52 63 -17.5%

434481

561522

614 584617 588

54 63 74 85 80 86 112 96

0

100

200

300

400

500

600

700

2011 2012 2013 2014 2015 2016 2017 2018

$713,934

$677,438

$712,842

$722,126

$751,497

$709,269

$735,005

$791,217

$433,923

$383,194

$395,466

$475,415

$435,879

$403,276

$437,816

$447,813

$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000

2011

2012

2013

2014

2015

2016

2017

2018

0100200300400500600700800

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

2015 2016 2017 2018

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 16: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

16

Ridgefield Closed: First Nine Months Houses Condos

Average Closed Price: First Nine Months

Ridgefield Listings Inventory

Ridgefield Overview

Third Quarter 2018

Houses Condos

Houses

2018 2017 % CHANGE

Houses: Closings in Third Quarter 113 116 -2.6%

Houses: Closings First Nine Months 262 294 -10.9%

Houses: Median Closing Price First Nine Months $640,630 $640,000 +0.1%

Houses: Average Closing Price First Nine Months $714,956 $745,441 -4.1%

Houses: Active Inventory Sept. 30th 246 268 -8.2%

Condos: Closings First Nine Months 50 53 -5.7%

Condos: Average Closing Price First Nine Months $338,508 $418,659 -19.1%

Condos: Active Inventory Sept. 30th 27 26 +3.8%

208 212

314271

243269

294262

23 30 32 45 54 49 53 50

0

50

100

150

200

250

300

350

2011 2012 2013 2014 2015 2016 2017 2018

$785,551

$717,613

$751,661

$783,434

$744,828

$759,946

$745,441

$714,956

$374,957

$274,967

$349,264

$333,887

$289,831

$371,308

$418,659

$338,508

$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000

2011

2012

2013

2014

2015

2016

2017

2018

050100150200250300350400450

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

2018201720162015

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 17: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

17

2018 2017 % CHANGE

Houses: Closings in Third Quarter 1 32 +53.1%

Houses: Closings First Nine Months 99 107 -7.5%

Houses: Median Closing Price First Nine Months $560,000 $485,000 +15.5%

Houses: Average Closing Price First Nine Months $596,442 $495,075 +20.5%

Houses: Active Inventory Sept. 30th 109 113 -3.5%

Redding Closed: First Nine Months Houses

Average Closed Price: First Nine Months

Redding House Listings Inventory

Redding Overview

Houses

Third Quarter 2018

60 62

95

66

90 92107

99

0

20

40

60

80

100

120

2011 2012 2013 2014 2015 2016 2017 2018

$659,156

$605,520

$537,684

$608,141

$550,451

$685,898

$495,075

$596,442

$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000

2011

2012

2013

2014

2015

2016

2017

2018

0

50

100

150

200

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

2015 2016 2017 2018

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Page 18: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

18

Easton Closed: First Nine Months Houses

Average Sold Price: First Nine Months

Easton House Listings Inventory

Easton Overview

Houses

Third Quarter 2018

2018 2017 % CHANGE

Houses: Closings in Third Quarter 33 33 0%

Houses: Closings First Nine Months 102 84 +21.4%

Houses: Median Closing Price First Nine Months $578,500 $607,500 -4.8%

Houses: Average Closing Price First Nine Months $596,588 $623,774 -4.4%

Houses: Active Inventory Sept. 30th 102 131 -22.1%

41

6170

8978

88 84

102

0

20

40

60

80

100

120

2011 2012 2013 2014 2015 2016 2017 2018

$686,816

$620,437

$606,684

$648,971

$617,197

$657,677

$623,774

$596,588

$540,000 $560,000 $580,000 $600,000 $620,000 $640,000 $660,000 $680,000 $700,000

2011

2012

2013

2014

2015

2016

2017

2018

020406080100120140160180

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug

Sep

2015 2016 2017 2018

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Houses

Page 19: Connecticut 2018 Market Report · 2018-10-04 · Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May

19

RIDGEFIELDL:$200K H:$2.6M

REDDINGL:$175K H:$2M

EASTONL:$178K H:$1.2M

WESTONL:$205K H:$2.6M

WILTONL:$215K H:$8M

FAIRFIELDL:$118K H:$5.9M

WESTPORTL:$278K H:$6.9M

NORWALKL:$130K H:$7.9M

NEW CANAANL:$400K H:$6.1M

DARIENL:$492K H:$7.3M

STAMFORDL:$165K H:$4.2M

GREENWICH L:$408K H:$25M

Low & High House Selling Price, Past 12 Months

To the right are the high and low selling prices for houses in each town in Lower Fairfield County during the past 12 months (Oct. 1, 2017 through Sept. 30, 2018). The highest selling price was the $25 million commanded by a spectacular 19-acre estate in backcountry Greenwich. In all, in the last 12 months there were 77 houses that sold for over $5 million: 55 in Greenwich, 7 in Darien, 5 in both New Canaan and Westport, 3 in Fairfield and one in both Wilton and Norwalk. There was at least one house that closed for under $500,000 in each town, and collectively there were 1,103 houses sold in this price point.

Town Comparison: First Nine Months (Single Family Homes)

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.

©2018 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.

Halstead Offices/Market Reports

ROWAYTONL:$420K H:$3.6M

Lower Fairfield County

Town # of Sold Houses % change Median Selling Price % change

2018 2017 2018 2017

Darien 205 249 -17.7% $1,385,000 $1,425,000 -2.8%

Easton 102 84 +21.4% $578,500 $607,500 -4.8%

Fairfield 588 617 -4.7% $640,000 $605,000 +5.8%

All of Greenwich 458 434 +5.5% $1,848,750 $1,804,500 +1.9%

New Canaan 168 202 -16.8% $1,355,000 $1,465,500 -7.5%

Norwalk 513 509 +0.8% $510,000 $470,000 +8.5%

Redding 99 107 -7.5% $560,000 $485,000 +15.5%

Ridgefield 262 294 -10.9% $640,630 $640,000 +0.1%

Rowayton 56 67 -16.4% $925,000 $1,360,000 -32%

Stamford 555 569 -2.5% $583,000 $585,000 -0.3%

Weston 129 126 +2.4% $700,000 $799,500 -12.4%

Westport 332 337 -1.5% $1,232,500 $1,325,000 -7%

Wilton 165 181 -8.8% $822,500 $762,500 +7.9%

Third Quarter 2018


Recommended