CONNECTICUT SINGLE-FAMILY

SALES REPORTFIRST QUARTER2017

A decline in high-end sales brought the average price lower compared to a year ago in Darien. The median price of $1,440,000 was 5% higher than 2016’s first quarter, while the number of closings rose 7%.

Darien

Fairfield homes sold for an average of $792,348, a 4% increase from the first quarter of 2016. Homes spent 17% less time on the market than a year ago, at an average of 105 days.

Fairfield

AVERAGE AND MEDIAN SALES PRICE

AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

1Q17 119 105

4Q16 136 110

3Q16 226 90

2Q16 238 108

1Q16 120 126

$900,000

$700,000

$600,000

3Q16

$726,927 $630,000

$500,000

$400,000

$300,000

$800,000

Average Sales Price Median Sales Price

$664,967 $588,500

2Q16

$792,348 $615,000

1Q17

$762,666 $622,000

1Q16

$697,424 $566,583

4Q16

$2,000,000

$1,800,000

$1,600,000

$1,400,000

$1,200,000

$800,000

$1,000,000

NUMBEROF SALES

DAYS ONMARKET

1Q17 47 170

4Q16 55 132

3Q16 66 101

2Q16 82 98

1Q16 44 124

Average Sales Price Median Sales Price

$1,494,023 $1,195,000

3Q16

$1,664,140 $1,400,000

2Q16

$1,611,319 $1,440,000

1Q17

$2,036,281 $1,375,000

1Q16

$1,647,005 $1,400,000

4Q16

Halstead Property 2

Central Greenwich saw gains in both sales and prices compared to a year ago. The number of sales was 41% higher than 2016’s first quarter, and both the average and median prices bested last year’s figures.

Greenwich - Central Greenwich

AVERAGE AND MEDIAN SALES PRICE

$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$3,500,000

$3,000,000

NUMBEROF SALES

DAYS ONMARKET

1Q17 76 210

4Q16 69 196

3Q16 94 182

2Q16 83 165

1Q16 54 167

Average Sales Price Median Sales Price

$2,538,681 $2,200,000

3Q16

$2,536,563 $2,025,000

2Q16

$2,883,863 $2,050,000

1Q17

$2,752,120 $1,735,000

1Q16

$2,278,685 $1,700,000

4Q16

Average Sales Price Median Sales Price

The average price for Cos Cob homes dipped slightly from a year ago, to $1,285,611. The median price rose 6% during this time to $1,240,000. This market was 20% more active than the first quarter of 2016, with 18 sales reported.

Greenwich - Cos Cob

$1,400,000

$1,200,000

$1,000,000

$600,000

$400,000

$800,000

$1,600,000

AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

1Q17 18 197

4Q16 6 89

3Q16 29 156

2Q16 29 96

1Q16 15 209

$1,285,000 $1,130,000

4Q16

$1,195,973 $1,050,000

3Q16

$1,302,767 $1,175,000

1Q16

$1,463,224 $1,310,000

2Q16

$1,285,611 $1,240,000

1Q17

Halstead Property 3

Old Greenwich homes saw both their average and median prices rise over the past year. The number of sales fell 7% from a year ago, while homes spent an average of 155 days on the market.

Greenwich - Old Greenwich

AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

1Q17 14 155

4Q16 23 120

3Q16 34 106

2Q16 25 158

1Q16 15 157

Average Sales Price Median Sales Price

$2,377,643 $2,137,500

1Q17

$2,137,633 $1,795,000

1Q16

$1,902,540 $1,572,500

3Q16

$2,192,800 $2,285,000

2Q16

$1,888,629 $1,500,000

4Q16

Average Sales Price Median Sales Price

The number of closings in Riverside was 29% higher than a year ago, with homes spending 12% less time on the market. The average price was 13% higher than last year, while the median price rose 8%.

Greenwich - Riverside

$3,000,000

$2,500,000

$2,000,000

$1,000,000

$500,000

$1,500,000

$3,500,000

AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

1Q17 18 136

4Q16 16 219

3Q16 32 93

2Q16 30 139

1Q16 14 155

$1,576,750 $1,242,500

4Q16

$2,516,375 $1,875,000

3Q16

$2,002,321 $1,600,000

1Q16

$2,099,195 $1,712,500

2Q16

$2,260,216 $1,880,000

1Q17

$2,200,000

$1,800,000

$1,200,000

$1,400,000

$1,600,000

$2,000,000

$2,400,000

Halstead Property 4

Despite a decrease in high-end sales driving the average price lower, the median price edged up 2% in Rowayton from a year ago. The total number of sales was unchanged during this time, while homes spent 19% longer on the market.

Rowayton

NUMBEROF SALES

DAYS ONMARKET

1Q17 15 156

4Q16 17 153

3Q16 23 157

2Q16 23 139

1Q16 15 131

Average Sales Price Median Sales Price

AVERAGE AND MEDIAN SALES PRICE

3Q16

$1,220,065 $1,053,000$1,521,648 $1,475,000

2Q16

$1,134,267 $915,000

1Q17

$1,371,547 $900,000

1Q16

$1,172,176 $1,200,000

4Q16

Halstead Property 5

Both the average and median prices were down 9% from the first quarter of 2016 in New Canaan. There were 35% more closings than a year ago, with homes selling 14% faster.

AVERAGE AND MEDIAN SALES PRICENew Canaan

$2,200,000

$1,800,000

$1,200,000

$1,400,000

$1,600,000

$2,000,000

NUMBEROF SALES

DAYS ONMARKET

1Q17 46 176

4Q16 37 136

3Q16 52 144

2Q16 69 130

1Q16 34 205

Average Sales Price Median Sales Price

$1,923,588 $1,695,000

3Q16

$1,792,993 $1,500,000

2Q16

$1,646,358 $1,406,250

1Q17

$1,816,324 $1,537,500

1Q16

$1,483,432 $1,310,000

4Q16

$1,400,000

$1,200,000

$1,000,000

$600,000

$400,000

$800,000

$1,600,000

Average Sales Price Median Sales Price

In Westport the median price rose 16% from 2016’s first quarter, while the average price fell slightly. This area saw 8% more closings than a year ago, and a 4% decline in time on the market.

Westport

$1,800,000

$1,600,000

$1,400,000

$1,000,000

$800,000

$1,200,000

$2,000,000

AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

1Q17 67 128

4Q16 74 130

3Q16 106 101

2Q16 122 125

1Q16 62 134

$1,496,000 $1,284,000

3Q16

$1,539,171 $1,262,500

2Q16

$1,590,118 $1,600,000

1Q17

$1,638,149 $1,380,000

1Q16

$1,482,941 $1,230,000

4Q16

Halstead Property 6

Average Sales Price Median Sales Price

$100,000

$300,000

$200,000

Stamford prices averaged $687,391 in the first quarter, a 7% improvement compared to a year ago. During this time the number of sales reported dipped 1% to 141.

Stamford AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

1Q17 141 126

4Q16 171 111

3Q16 226 108

2Q16 175 94

1Q16 143 112

$700,000

$600,000

$500,000

$400,000

$646,873 $575,000

2Q16

$687,391 $590,000

1Q17

$642,970 $545,000

1Q16

$616,626 $550,000

4Q163Q16

$642,783 $563,750

Halstead Property 7

The number of closings rose from 26 a year ago, to 44 in Wilton. Prices declined during this time, with the median price down 15% from the first quarter of 2016.

Wilton AVERAGE AND MEDIAN SALES PRICE

$900,000

$800,000

$700,000

$600,000

$500,000

$1,100,000

$1,000,000

NUMBEROF SALES

DAYS ONMARKET

1Q17 44 161

4Q16 51 161

3Q16 70 115

2Q16 75 130

1Q16 26 126

$793,766 $744,500

3Q16

$888,506 $845,000

2Q16

$932,066 $735,000

1Q17

$944,635 $861,000

1Q16

$940,000 $800,000

4Q16

Average Sales Price Median Sales Price

Prepared by Gregory Heym,

Chief Economist,

Halstead Property, LLC. Data is sourced from the Greater

Fairfield County CMLS, Darien

MLS, Greenwich MLS

and New Canaan MLS.

©2017 Halstead Connecticut, LLC. All Rights Reserved. This information

may not be copied, commercially used or distributed without

Halstead Property’s prior consent. While information is believed true,

no guaranty is made of accuracy.

Cover Property Web# 99155164

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OFFICES

MANHATTANPARK AVENUE499 Park AvenueNew York, NY 10022212.734.0010

EAST SIDE770 Lexington AvenueNew York, NY 10065212.317.7800

WEST SIDE408 Columbus AvenueNew York, NY 10024212.769.3000

VILLAGE831 BroadwayNew York, NY 10003212.253.9300

SOHO451 West BroadwayNew York, NY 10012212.253.9300

HARLEM2169 Frederick Douglass BoulevardNew York, NY 10026212.381.2570

WASHINGTON HEIGHTS819 West 187th StreetNew York, NY 10033212.928.3805

RIVERDALERIVERDALE JOHNSON3531 Johnson AvenueRiverdale, NY 10463718.878.1700

RIVERDALE MOSHOLU5626 Mosholu AvenueRiverdale, NY 10471718.549.4116

BROOKLYNBROOKLYN HEIGHTS150 Montague StreetBrooklyn, NY 11201718.613.2000

BOERUM HILL495 Atlantic AvenueBrooklyn, NY 11217718.613.2090

PARK SLOPE76 Seventh AvenueBrooklyn, NY 11217718.399.2222

PARK SLOPE244 Fifth AvenueBrooklyn, NY 11215718.622.9300

COBBLE HILL162 Court StreetBrooklyn, NY 11201718.613.2020

BEDFORD STUYVESANT316 Stuyvesant AvenueBrooklyn, NY 11233718.613.2800

SOUTH SLOPE1214 8th AvenueBrooklyn, NY 11215718.878.1888

NEW JERSEYHOBOKEN200 Washington StreetHoboken, NJ 07030201.478.6700

MONTCLAIR635 Valley Road, Montclair, NJ 07030973.744.6033

HUDSON VALLEYHUDSON526 Warren StreetHudson, NY 12534518.828.0181

CONNECTICUTDARIEN671 Boston Post RoadDarien, CT 06820203.655.1418

NEW CANAAN - ELM STREET183 Elm StreetNew Canaan, CT 06840203.966.7800

NEW CANAAN - SOUTH AVENUE6 South AvenueNew Canaan, CT 06840203,966.7772

ROWAYTON140 Rowayton AvenueRowayton, CT 06853203.655.1418

GREENWICH125 Mason StreetGreenwich, CT 06830203.869.8100

STAMFORD1099 High Ridge RoadStamford, CT 06905203.329.8801

WESTPORT379 Post Road EastWestport, CT 06880203.221.0666

WILTON21 River RoadWilton, CT 06897203.762.8118

QUEENSLONG ISLAND CITY47-12 Vernon BoulevardQueens, NY 1110718.878.1800

HAMPTONSEAST HAMPTON2 Newtown LaneEast Hampton, NY 11937 631.324.6100

SOUTHAMPTON31 Main StreetSouthampton, NY 11968631.283.2883

CORPORATECOMMERCIAL SALES770 Lexington AvenueNew York, NY 10065212.381.3208

DEVELOPMENT MARKETING445 Park AvenueNew York, NY 10022212.253.9300

GLOBAL SERVICES770 Lexington AvenueNew York, NY 10065800.765.2692 x6521