2016 connecticut single-family sales...

CONNECTICUT SINGLE-FAMILY

SALES REPORTFOURTH QUARTER2016

The average single-family home price fell 9% over the past year in Darien to $1,647,005. The market was more active than in 2015’s fourth quarter, with closings up 10%. Homes did spend longer on the market, however, taking an average of 132 days to find a buyer.

Darien

Fairfield saw modest gains in both its median and average prices compared to a year ago. At $697,424, the average price was 2% higher, while the median price rose 3% to $566,583. The number of sales fell from 179 a year ago to 136, a 24% decline.

Fairfield

AVERAGE AND MEDIAN SALES PRICE


NUMBEROF SALES

DAYS ONMARKET

4Q16 136 110

3Q16 226 90

2Q16 238 108

1Q16 120 126

4Q15 179 109

$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

$683,967 $547,500

4Q15

$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

4Q16 55 132

3Q16 66 101

2Q16 82 98

1Q16 44 124

4Q15 50 100


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

3Q16

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

2Q16

$1,807,006 $1,387,500

4Q15

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

1Q16

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

4Q16

Halstead Property 2

While the average price edged lower in Central Greenwich over the past year, the median price rose 6% to $1,700,000. The number of sales was unchanged from the fourth quarter of 2015, and homes took 15% longer to sell.

Greenwich - Central Greenwich


$2,500,000

$2,000,000

$1,500,000

$1,000,000

$500,000

$3,500,000

$3,000,000

NUMBEROF SALES

DAYS ONMARKET

4Q16 69 196

3Q16 94 182

2Q16 83 165

1Q16 54 167

4Q15 69 170


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

3Q16

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

2Q16

$2,323,878 $1,600,000

4Q15

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

1Q16

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

4Q16


Home prices averaged $1,285,000 in Cos Cob in the fourth quarter, 7% less than a year ago. The number of sales fell from nine a year ago to six, a 33% decline. It’s important to remember that the relatively small size of this market can lead to great variations in data from quarter to quarter.

Greenwich - Cos Cob

$1,400,000

$1,200,000

$1,000,000

$600,000

$400,000

$800,000

$1,600,000


NUMBEROF SALES

DAYS ONMARKET

4Q16 6 89

3Q16 29 156

2Q16 29 96

1Q16 15 209

4Q15 9 242

$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

$1,386,111 $875,000

4Q15

Halstead Property 3

The average price rose 3% from a year ago in Old Greenwich. While the number of sales did not change, homes sold 26% faster than in 2015’s fourth quarter.

Greenwich - Old Greenwich


NUMBEROF SALES

DAYS ONMARKET

4Q16 23 120

3Q16 34 106

2Q16 25 158

1Q16 15 157

4Q15 23 163


$1,837,635 $1,600,000

4Q15

$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


Both the average and median prices declined from the fourth quarter of 2015 in Riverside. Similar to Cos Cob, this is a smaller market where data can fluctuate greatly. There were 16 closings reported, 20% fewer than the same period last year.

Greenwich - Riverside

$3,000,000

$2,500,000

$2,000,000

$1,000,000

$500,000

$1,500,000

$3,500,000


NUMBEROF SALES

DAYS ONMARKET

4Q16 16 219

3Q16 32 93

2Q16 30 139

1Q16 14 155

4Q15 20 155

$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

$2,065,288 $1,941,000

4Q15

$2,200,000

$1,800,000

$1,200,000

$1,400,000

$1,600,000

$2,000,000

$2,400,000

Halstead Property 4

The average price drifted 6% lower in Rowayton over the past year to $1,172,176. At $1,200,000, the median price was slightly higher than the fourth quarter of 2015. This area was 6% less active than a year ago, with 17 closings reported.

Rowayton

NUMBEROF SALES

DAYS ONMARKET

4Q16 17 153

3Q16 23 157

2Q16 27 139

1Q16 15 131

4Q15 18 145



3Q16

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

2Q16

$1,248,104 $1,187,500

4Q15

$1,371,547 $900,000

1Q16

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

4Q16

Halstead Property 5

The median sales price in New Canaan fell 12% from a year ago to $1,310,000. The average price posted a higher decline, falling 18% to $1,483,432. The market was 20% less active than 2015’s fourth quarter, with 37 closings reported.

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

4Q16 37 136

3Q16 52 144

2Q16 69 130

1Q16 34 205

4Q15 46 166


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

3Q16

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

2Q16

$1,806,185 $1,491,250

4Q15

$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


Westport’s average price dipped 1% over the past year to $1,482,941, while the median price fell 8%. There were 74 closings in the fourth quarter, a 15% decline from last year’s comparable period.

Westport

$1,800,000

$1,600,000

$1,400,000

$1,000,000

$800,000

$1,200,000

$2,000,000


NUMBEROF SALES

DAYS ONMARKET

4Q16 74 130

3Q16 106 101

2Q16 122 125

1Q16 62 134

4Q15 87 125

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

3Q16

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

2Q16

$1,498,133 $1,332,000

4Q15

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

1Q16

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

4Q16

Halstead Property 6


$100,000

$300,000

$200,000

In Stamford, average and median prices each declined 6% from the fourth quarter of 2015. The 171 sales reported were 4% lower than a year ago, with homes spending an average of 111 days on the market.

Stamford AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

4Q16 171 111

3Q16 226 108

2Q16 175 94

1Q16 143 112

4Q15 178 106

$700,000

$600,000

$500,000

$400,000

$646,873 $575,000

2Q16

$652,989 $583,000

4Q15

$642,970 $545,000

1Q16

$616,626 $550,000

4Q163Q16

$642,783 $563,750

Halstead Property 7

Wilton saw sharp gains in both its average and median prices compared to a year ago. The number of sales was also up, rising 24% to 51.

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

4Q16 51 161

3Q16 70 115

2Q16 75 130

1Q16 26 126

4Q15 41 122

$793,766 $744,500

3Q16

$888,506 $845,000

2Q16

$741,095 $632,000

4Q15

$944,635 $861,000

1Q16

$940,000 $800,000

4Q16


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.

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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

2016 connecticut single-family sales...

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