Tag: Halstead Property

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 

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

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!