Tag: real estate; home buying;

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      

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.