Author: Shannon (page 1 of 2)

Westport Market Snapshot for June 2017

Westport market snapshot:  Ending June 30, 2017

 The Westport real estate market closed June with a YTD increase of 9.7% in 203 sales.  The market’s strength was based in the $1-2 million price range, which produced 92 sales for a YTD increase of 22.6%.

Listing inventory totaled 421 active properties, which is a 4.5% decrease from 2016 and similar to level from 2 years ago (422).   A stable rate of sales and reduction in inventory dropped the absorption rate from 9 (May) to 8 months (which is the same total as June 2016).

Pricing indexes were up with the median at $1,425,000 (+9.6) and the average at $1,642,161 (+4.7%).

The Westport market boasts a strong pipeline with 92 sales, up from 72 in 2016.  35 are CTS (binder) and 62 pending (contract).  Among these 46 are $1-2 million, 15 are $2-3 million, 3 are $3-4 million and 1 is over $4 million. July 2016 generated 33 sales, with 62 sales in contract; the Westport market is poised for a step forward this month.

 

Number of sales:

 

Month Sales, Number of 2015 Sales, Number of 2016 Sales, Number of 2017
Jan 18 20 24
Feb 17 24 17
Mar 26 17 26
Apr 21 35 37
May 33 34 47
Jun 44 55 52
Jul 62 33
Aug 40 49
Sep 36 24
Oct 37 26
Nov 22 20
Dec 28 28

 

 Year:            All $        $0-1 mil       $1-2 mil    $2-3 mil    $3-4 mil   $4 mil +

 2016:            185             64                   75                  33                 10                  3

2017:            203              61                   92                  33                 10                  7    

Number of listings: 

Month Active Listings, Number of 2015 Active Listings, Number of 2016 Active Listings, Number of 2017
Jan 267 295 300
Feb 294 328 347
Mar 331 379 392
Apr 395 427 405
May 432 437 417
Jun 422 441 421
Jul 410 409
Aug 381 389
Sep 398 386
Oct 374 358
Nov 337 332
Dec 279 298

 

 Months of inventory (absorption rate): 

Month Months of Inventory 2015 Months of Inventory 2016 Months of Inventory 2017
Jan 15 15 13
Feb 17 14 20
Mar 13 22 15
Apr 19 12 11
May 13 13 9
Jun 10 8 8
Jul 7 12
Aug 10 8
Sep 11 16
Oct 10 14
Nov 15 17
Dec 10 11

 

 


Median sales price: 

2016:          $1,300,000

2017:         $1,425,000

 

Average sales price:

 2016:          $1,568,000

2017:          $1,642,161   

 

 

Westport, CT Market Snapshot May 2017

The Westport real estate market ended May with a YTD increase in sales of 12.3% via 146 transactions. The $1-2 MM price point led the market with 66 sales for a 22.2% increase.

Listing inventory checked in at 412 actives, a 5.7% decline over last year. The upward bump in sales caused the absorption rate to decline, moving from 13 months last year to 10 months.

Pricing was up with the median at $1,507,500 (+11.7%) and the average at $1,684,383 (+2.8%).

The sales pipeline holds 110 sales, which is a 23.3% increase over a year ago, with 29 CTS (binder) and 81 pending (contract). 49 sales are $1-2M, 15 are $2-3M, 5 are $3-4M and 3 are over $4M. June of 2016 produced 55 sales; the current pending of 81 sales provides a solid opportunity for the Westport market to build on its YTD gains.

 

Number of sales:

 

Month Sales, Number of 2015 Sales, Number of 2016 Sales, Number of 2017
Jan 18 20 24
Feb 17 24 17
Mar 26 17 26
Apr 21 35 37
May 33 34 42
Jun 44 55
Jul 62 33
Aug 40 49
Sep 36 24
Oct 37 26
Nov 22 20
Dec 28 28

 

Year:            All $            $0-1 mil            $1-2 mil            $2-3 mil            $3-4 mil            $4 mil +

2016:            130                 42                        54                           22                          9                          3

2017:            146                 41                        66                           26                          8                          5

 

Number of listings:

Month Active Listings, Number of 2015 Active Listings, Number of 2016 Active Listings, Number of 2017
Jan 267 295 301
Feb 294 328 348
Mar 331 379 392
Apr 395 427 404
May 432 437 412
Jun 422 441
Jul 410 409
Aug 381 389
Sep 398 386
Oct 374 358
Nov 337 333
Dec 279 299

 

 

Months of inventory (absorption rate):

Month Months of Inventory 2015 Months of Inventory 2016 Months of Inventory 2017
Jan 15 15 13
Feb 17 14 20
Mar 13 22 15
Apr 19 12 11
May 13 13 10
Jun 10 8
Jul 7 12
Aug 10 8
Sep 11 16
Oct 10 14
Nov 15 17
Dec 10 11

 

Median sales price:

2016:                  $1,350,000

2017:                  $1,507,500  

 

Average sales price:

2016:                  $1,638,005

2017:                  $1,684,383

Fairfield, CT Market Snapshot April 2017

The Fairfield real estate market closed April with 172 sales; this is down 9.5% from 2016.  Despite this result, listing inventory continued to pull back, settling in at 538 active properties, which is a 14.7% decrease from a year ago. The absorption rate dropped from 11 to 10 months, which is similar to last year’s total of 9 months. Pricing was up with the median at $615,000 (+5.6%) and the average at $769,798 (+5.2%).

The pipeline holds 188 sales, which is a 5% increase over 2016.   86 sales are CTS (binder) and 102 are pending (contract).  Of these, 31 are $1-2 million and 1 is $2-3 million and 1 is $3-4 million.

May 2016 generated 65 closings, so with a strong pending result of 102 sales, May 2017 could point the Fairfield market in a positive direction.

Number of sales:

Month

Sales, Number of 2015

Sales, Number of 2016

Sales, Number of 2017

Jan

47

35

40

Feb

25

31

33

Mar

41

54

46

Apr

61

70

53

May

89

65

Jun

101

103

Jul

95

94

Aug

79

81

Sep

70

53

Oct

60

42

Nov

56

40

Dec

63

54

 

Year:              All $           $0-1 mil       $1-2 mil        $2-3 mil        $3-4 mil         $4 million +

2016:              190              152                      31                       5                      2                           0   

2017:              172              140                      27                       3                      1                           1    

 

Number of listings:

Month

Active Listings, Number of 2015

Active Listings, Number of 2016

Active Listings, Number of 2017

Jan

416

464

383

Feb

450

514

438

Mar

508

569

507

Apr

579

631

538

May

643

627

Jun

650

615

Jul

631

557

Aug

595

515

Sep

611

536

Oct

578

516

Nov

525

442

Dec

444

383

 

Months of inventory (absorption rate):

Month

Months of Inventory 2015

Months of Inventory 2016

Months of Inventory 2017

Jan

9

13

10

Feb

18

17

13

Mar

12

11

11

Apr

9

9

10

May

7

10

Jun

6

6

Jul

7

6

Aug

8

6

Sep

9

10

Oct

10

12

Nov

9

11

Dec

7

7

Median sales price:

2016:             $582,000

2017:           $615,000 

 

Average sales price:

2016:           $731,216

2017:           $769,798 

Wilton, CT Market Snapshot April 2017

Wilton market snapshot:  4/30/2017

 The Wilton real estate market closed out April with a sparkling 39.1% increase in sales over 2016 via 64 sales.  The market strength was centered on the under $1 million price point, which produced 47 sales, a 69.1% increase over last year. Listing inventory totaled 246 properties, an 18.8% increase over March (last year inventory gained 7.7% from March to April).  Inventory dropped 1.6% versus April of 2016.  Strong sales held the absorption rate at 12 month, flat with March and a slight dip from a year ago.

 Pricing was down, influenced by strong sales in the lower end of the spectrum with the median at $735,000 (-16.0%) and the average at $897,821 (-2.7%).

 The sales pipeline holds 48 transactions which is off the 2016 result (62 sales) by 22.9%.  Among these 28 are CTS (binder) and 20 are pending (contract), 7 sales are between $1-2 million and there are no sales above $2 million in the pipeline.

 May 2016 produced 19 sales, so the current pipeline of 20 pending sales suggests that May will result in a correction in the Wilton market by month’s end.

 

Number of sales:

Month

Sales, Number of 2015

Sales, Number of 2016

Sales, Number of 2017

Jan

8

5

15

Feb

11

5

11

Mar

10

16

18

Apr

14

20

20

May

22

19

Jun

34

36

Jul

26

27

Aug

25

27

Sep

17

17

Oct

13

14

Nov

11

19

Dec

16

18

 

Year:               All $          $0-1 mil        $1-2 mil        $2 mil + 

2016:               46                29                    16                    1       

2017:               64                47                    14                    3   

 

 Number of listings:

Month

Active Listings, Number of 2015

Active Listings, Number of 2016

Active Listings, Number of 2017

Jan

119

159

171

Feb

151

195

187

Mar

175

232

207

Apr

219

250

246

May

229

271

Jun

239

276

Jul

236

256

Aug

229

251

Sep

227

261

Oct

211

241

Nov

175

203

Dec

147

163

 

Months of inventory (absorption rate):

Month

Months of Inventory 2015

Months of Inventory 2016

Months of Inventory 2017

Jan

15

32

11

Feb

14

39

17

Mar

18

15

12

Apr

16

13

12

May

10

14

Jun

7

8

Jul

9

9

Aug

9

9

Sep

13

15

Oct

16

17

Nov

16

11

Dec

9

9

 

Median sales price:

2016:          $875,000

2017:          $735,000

 

Average sales price:

2016:          $922,870    

2017:          $897,821      

Weston, CT Market Snapshot April 2017

The Weston market ended April with 37 YTD closings for an increase of 12.1% over 2016.  The strength was under $1 million with 27 sales, an increase of 22.7% over last year.

 Listing inventory totaled 176 active properties, that’s 10.2% below last year’s total (196).  The combination of sales and contracting inventory enabled the absorption rate to drop from 18 to 14 months (It was also 18 months in April 2016).  Pricing was down, again due to the activity in the lower end with the median at $745,000 (-3.4%) and the average at $783,768 (-8.6%).

The sales pipeline holds 49 transactions; this is an impressive 58% increase over last year’s total of 31 sales.  24 are CTS (binder) and 25 are pending (contract), with 13 from $1-2 million and 2 in excess of $2 million.

May 2016 yielded 11 sales, with a pending pipeline of 25 transactions; it appears that the Weston market will build on its YTD gains by the end of May.

 Number of sales:

 

Month

Sales, Number of 2015

Sales, Number of 2016

Sales, Number of 2017

Jan

9

3

5

Feb

4

7

10

Mar

8

12

9

Apr

12

11

13

May

20

11

Jun

19

20

Jul

22

15

Aug

14

30

Sep

16

19

Oct

7

12

Nov

11

15

Dec

14

10

 

Year:          All $             $0-1 million        $1-2 million        $2 million +

2016:               33                        22                        10                      1    

2017:               37                        27                        10                       0        

 

Number of listings:

Month

Active Listings, Number of 2015

Active Listings, Number of 2016

Active Listings, Number of 2017

Jan

114

145

117

Feb

126

167

135

Mar

136

188

162

Apr

158

196

176

May

165

202

Jun

175

195

Jul

179

194

Aug

175

175

Sep

175

172

Oct

168

149

Nov

144

134

Dec

135

120

 

Months of inventory (absorption rate):

Month

Months of Inventory 2015

Months of Inventory 2016

Months of Inventory 2017

Jan

13

48

23

Feb

32

24

14

Mar

17

16

18

Apr

13

18

14

May

8

18

Jun

9

10

Jul

8

13

Aug

13

6

Sep

11

9

Oct

24

12

Nov

13

9

Dec

10

12


Median sales price:

2016:          $745,000

2017:          $720,000

 

Average sales price:

2016:          $857,248

2017:          $783,768

2017 Q1 CT Real Estate Sales Report

Halstead just released the first quarter real estate sales report for Connecticut.

Read it HERE

Let us know how we can help you find your just right home.

Call us today!

Market Update: March 2017 Westport snapshot

Shannon McAvoy
Lic CT RE Agent
203.919.6363
smcavoy@halstead.com
www.greentekhomes.com

Westport market snapshot:  3/31/2017

 The Westport market closed the first quarter of 2017 with an 8.1% increase over 2016 via 67 transactions.  Sales in March jumped 44% over March 2016 with 26 closings versus 18 last year. Listing inventory increased to 380 active properties (1 above last year).  The absorption rate dropped to 15 months thanks to strong sales results. Pricing was mixed with the median at $1,600,000 (+15.9%) and the average at $1,590,118 (-2.9%).  The small sample of sales will cause the volatility witnessed in these results. The sales pipeline holds 97 transactions an 18.3% increase over last year (82 sales). 49 sales are CTS (accepted offer) and 48 are pending (contract) among these 37 are  $1-2 million, 17 are $2-3 million, 5 at $3-4 million and 7 are $4 million+.  April 2016 generated 35 sales, the strong pipeline results suggest that the Westport market can reap further gains this month.

 

Number of sales:

Month Sales, Number of 2015 Sales, Number of 2016 Sales, Number of 2017
Jan 18 20 24
Feb 17 24 17
Mar 26 18 26
Apr 21 35
May 33 34
Jun 44 55
Jul 61 33
Aug 40 49
Sep 36 24
Oct 37 26
Nov 22 20
Dec 28 28

  

Year:               All $          $0-1 mil        $1-2 mil        $2-3 mil        $3-4 mil          $4 mil +

2016:               62                    18                       27                  11                       5                       1        

2017:               67                    21                       30                  12                       4                       0           

 

 

Number of listings:

Month Active Listings, Number of 2015 Active Listings, Number of 2016 Active Listings, Number of 2017
Jan 266 295 295
Feb 293 328 342
Mar 330 379 380
Apr 394 427
May 431 437
Jun 421 441
Jul 410 409
Aug 381 389
Sep 399 385
Oct 375 357
Nov 338 331
Dec 280 295

 

 

Months of inventory (absorption rate):

Month Months of Inventory 2015 Months of Inventory 2016 Months of Inventory 2017
Jan 15 15 12
Feb 17 14 20
Mar 13 21 15
Apr 19 12
May 13 13
Jun 10 8
Jul 7 12
Aug 10 8
Sep 11 16
Oct 10 14
Nov 15 17
Dec 10 11

 

Median sales price:
2016: $1,380,000
2017: $1,600,000

Average sales price:
2016: $1,638,149
2017: $1,590,118

 

All information is from sources deemed reliable but is subject to errors, omission, change in price, or withdrawal without notice. No representation or guaranty is made as to accuracy of any description. All measurements and other information should be re-confirmed by customer. If your property is currently listed with a Realtor, please disregard this offer, this is not intended as a solicitation of listings of other real estate licensees.

How much does GREEN cost??

Frequently we get a questions or comments about the cost of sustainable construction. Questions center around the perception that the construction or remodeling are excessive over traditional construction. The comments are usually concerning the return on investment (ROI) of a project – meaning the money you put in needs to “pay off” within a period of time that one lives in their home.

Here’s the thing… both concepts need to be examined.

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The question of ROI is often one of the first things brought up as a factor for some people considering building or renovations. “The most efficient way to analyze the financial benefits would be to look at both the cost premium and the savings associated with that premium, for each feature of a green home”. While ROI can be measured, we encourage folks to think of their homes as a whole system.

Picture a house surrounded by a balloon. If you poke holes in the balloon you’re left with a flat balloon. Each system contributes to the efficiency of the home. By creating the balloon and a tight home envelope, the other systems within the balloon can be optimized – saving money and resources.

Talk to us about your vision and let us help design your best shade of green.


http://www.greenbuildingadvisor.com/content/do-green-houses-cost-more-build-regular-houses
http://www.usgbc.org/articles/green-building-costs-and-savings
http://buildipedia.com/at-home/design-remodeling/green-homes-vs-traditional-homes

Halstead + Yankees = Wow!

We were excited to announce our affiliation with Halstead Property – a premier Real Estate firm with international recognition. Now to add to this impressive organization, Halstead has partnered with world famous New York Yankees.  We look forward to a wonderful partnership.

Click HERE for more information on this special announcement.

With this partnership, we can find you a house that will be your home run!

 

Your vision is our vision

We are excited to expand our services and offer assistance with buying or selling your home. Our on-staff project manager is your exclusive agent via Halstead Property and will help you find the perfect place and create the sustainable and technological features you desire.

Known as one of the best in the industry from its consistent awards, Halstead far surpasses competitors in this aggressive market. Halstead provides visitors with the most innovative and user friendly experience… all in real time. Through our web based partnerships with the New York Times and others, our web search optimization on sites such as Yahoo and Google, and our web advertising on countless sites visited by our target audience, we have an online exposure twice our competitors.

With more than 93% of real estate searches starting on the web, it is imperative to grow with the trends, or be left behind. In addition to displaying our listings to more than 3 million searches a month through Halstead.com and NYTimes.com, we are partnered with dozens of other strategically chosen sites. Our web experts are staying ahead of the curve and developing new tools like room painter and exclusive video tours to optimize each listing page for our customers.

Let us find your next home and help you create your dream. Or we can help you prepare your home for sale and get value for your budget – moving you towards your next adventure.

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