ConneCtiCut Single-Family
SaleS RePoRtsecond quarter2015
Both prices and the number of sales posted strong increases in Darien compared to 2014’s second quarter. The average price climbed 13% and the median price 22% over the past year. The number of sales was 17% higher during this time.
Darien
The number of sales rose 16% in Fairfield from 2014’s second quarter, with 250 closings reported. Prices were slightly lower than a year ago, with the average price falling 2% and the median price down 1%.
Fairfield
aveRage and median Sale PRiCe
$2,000,000
$1,800,000
$1,600,000
$1,400,000
$1,200,000
$800,000
$1,000,000
Numberof SaleS
DayS oNmarket
2Q15 90 113
1Q15 34 140
4Q14 54 117
3Q14 99 107
2Q14 77 121
Numberof SaleS
DayS oNmarket
2Q15 250 96
1Q15 111 104
4Q14 120 96
3Q14 200 99
2Q14 215 95
aveRage and median Sale PRiCe
$900,000
$700,000
$600,000
2Q15
$691,448 $578,500
$500,000
$400,000
$300,000
$800,000
average Sale Price median Sale Price
average Sale Price median Sale Price
$1,792,351 $1,579,500
2Q15
$806,824 $545,800
1Q15
$715,830 $589,500
3Q14
$733,206 $545,000
4Q14
$708,729 $585,000
2Q14
$1,747,746 $1,469,050
1Q15
$1,664,352 $1,485,000
3Q14
$1,849,415 $1,574,000
4Q14
$1,592,481 $1,300,000
2Q14
A record $120 million sale inflated the average price in Greenwich a year ago, so it’s not surprising the 2Q15 average price fell in comparison. The median price, which measures the middle of the market, as well as the number of sales both rose over this time.
Greenwich
Prices were mixed compared to a year ago in New Canaan, with a modest decline in the average price, but a slight uptick in the median. The number of sales was 18% higher than the second quarter of 2014.
$2,200,000
$1,800,000
$1,200,000
$1,400,000
$1,600,000
$2,000,000
aveRage and median Sale PRiCe
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$3,500,000
$3,000,000
aveRage and median Sale PRiCe
Numberof SaleS
DayS oNmarket
2Q15 207 170
1Q15 90 179
4Q14 144 166
3Q14 185 139
2Q14 173 158
New Canaan
Numberof SaleS
DayS oNmarket
2Q15 85 166
1Q15 34 192
4Q14 54 175
3Q14 81 153
2Q14 72 164
average Sale Price median Sale Price
average Sale Price median Sale Price
$2,052,757 $1,735,000
2Q15
$2,414,220 $1,900,000
2Q15
$2,658,918 $1,780,000
1Q15
$2,408,221 $1,750,000
3Q14
$2,471,501 $1,883,100
4Q14
$3,229,160 $1,700,000
2Q14
$1,800,921 $1,420,000
1Q15
$1,861,249 $1,752,000
3Q14
$1,883,355 $1,585,250
4Q14
$2,119,085 $1,725,000
2Q14
The median price rose 12% in Norwalk from the second quarter of 2014, to $475,000. The number of sales was slightly higher than a year ago, while homes spent 6% less time on the market.
Norwalk
Both the average and median price fell in Stamford over the past year, despite an 19% increase in the number of sales. Homes spent an average of 92 days on the market, which was 12% less time than in 2014’s second quarter.
Numberof SaleS
DayS oNmarket
2Q15 173 92
1Q15 107 107
4Q14 149 114
3Q14 171 91
2Q14 170 98
Stamford
Numberof SaleS
DayS oNmarket
2Q15 198 92
1Q15 122 130
4Q14 180 102
3Q14 199 82
2Q14 167 104
average Sale Price median Sale Price
average Sale Price median Sale Price
$700,000
$600,000
$500,000
$400,000
$300,000
$100,000
$200,000
$700,000
$600,000
$500,000
$400,000
$100,000
$300,000
$200,000
aveRage and median Sale PRiCe
aveRage and median Sale PRiCe
2Q15
$591,614 $475,000$563,398 $430,000
1Q15
$559,152 $450,000
3Q14
$635,950 $440,000
4Q14
$593,987 $423,250
2Q14
$632,737 $500,500
1Q15
$699,810 $625,000
3Q14
$686,740 $576,000
4Q14
$687,018 $620,000
2Q14 2Q15
$645,403 $574,000
The average price rose sharply from last year’s abnormally low figure in Westport, to $1,837,134. The median price posted a more modest increase, rising 4% during this time.
Westport
While the median price was unchanged in Wilton compared to a year ago, the average price and number of sales fell slightly. Homes spent 4% longer on the market than last year, at an average of 124 days.
Wilton
$1,800,000
$1,600,000
$1,400,000
$1,000,000
$800,000
$1,200,000
$2,000,000
$900,000
$800,000
$700,000
$600,000
$500,000
$1,100,000
$1,000,000
aveRage and median Sale PRiCe
aveRage and median Sale PRiCe
Numberof SaleS
DayS oNmarket
2Q15 97 120
1Q15 61 126
4Q14 96 137
3Q14 119 99
2Q14 105 104
Numberof SaleS
DayS oNmarket
2Q15 69 124
1Q15 29 114
4Q14 48 114
3Q14 72 97
2Q14 73 119
average Sale Price median Sale Price
average Sale Price median Sale Price
$1,837,134 $1,450,000
2Q15
$942,897 $855,000
2Q15
$1,860,672 $1,250,000
1Q15
$1,617,777 $1,344,000
3Q14
$1,498,720 $1,232,500
4Q14
$1,515,713 $1,400,000
2Q14
$914,552 $875,000
1Q15
$955,944 $820,250
3Q14
$871,746 $811,500
4Q14
$957,554 $855,000
2Q14
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.
©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# 99107095
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ConneCtiCutDarien671 Boston Post RoadDarien, CT 06820203.655.1418
new Canaan183 Elm StreetNew Canaan, CT 06840203.966.7800
rowayton140 Rowayton AvenueRowayton, CT 06853203.655.1418
GreenwiCh125 Mason StreetGreenwich, CT 06830203.869.8100
GreenwiCh75 Holly Hill LaneGreenwich, 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
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
HudSon valleyhuDSon526 Warren StreetHudson, NY 12534518.828.0181
neW JeRSeyhoBoken200 Washington StreetHoboken, NJ 07030201.478.6700
montClair635 Valley Road, Montclair, NJ 07030973.744.6033
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
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