CONNECTICUT SINGLE-FAMILY

SALES REPORTTHIRD QUARTER2016

Darien prices averaged $1,494,023 in the third quarter, a 12% decline from a year ago. Sales were also lower, falling from 112 in 2015’s third quarter to 66.

Darien

While the average price was 8% lower than a year ago in Fairfield, the median price rose slightly to $630,000. The number of sales fell 7% from the third quarter of 2015, even though homes sold 13% faster.

Fairfield

AVERAGE AND MEDIAN SALES PRICE

AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

3Q16 226 90

2Q16 238 108

1Q16 120 126

4Q15 179 109

3Q15 242 103

$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

$791,939 $625,000

3Q15

$2,000,000

$1,800,000

$1,600,000

$1,400,000

$1,200,000

$800,000

$1,000,000

NUMBEROF SALES

DAYS ONMARKET

3Q16 66 101

2Q16 82 98

1Q16 44 124

4Q15 50 100

3Q15 112 84

Average Sales Price Median Sales Price

$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

$1,692,379 $1,497,500

3Q15

Halstead Property 2

The average home price in Central Greenwich fell 18% over the past year to $2,538,681. The median price showed a smaller decline, falling just 4% to $2,200,000.

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

3Q16 94 182

2Q16 83 165

1Q16 54 167

4Q15 69 170

3Q15 99 191

Average Sales Price Median Sales Price

$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

$3,095,744 $2,290,000

3Q15

Average Sales Price Median Sales Price

Cos Cob saw a sharp jump in the number of sales compared to a year ago, but this is a relatively small market where data can fluctuate greatly. The average price fell from $1,434,584 a year ago, to $1,195,973.

Greenwich - Cos Cob

$1,400,000

$1,200,000

$1,000,000

$600,000

$400,000

$800,000

$1,600,000

AVERAGE MEDIAN SALES AND PRICE

NUMBEROF SALES

DAYS ONMARKET

3Q16 29 156

2Q16 29 96

1Q16 15 209

4Q15 9 242

3Q15 17 120

$1,434,584 $1,150,000

3Q15

$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 and median sales prices were each 12% lower than 2015’s third quarter in Old Greenwich. The market was more active than a year ago, with 13% more sales reported.

Greenwich - Old Greenwich

AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

3Q16 34 106

2Q16 25 158

1Q16 15 157

4Q15 23 163

3Q15 30 110

Average Sales Price Median Sales Price

$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

$2,161,967 $1,785,000

3Q15

Average Sales Price Median Sales Price

Riverside experienced strong gains in both its average and median prices over the past year, even with a 14% decline in the number of sales.

Greenwich - Riverside

$2,500,000

$2,250,000

$2,000,000

$1,500,000

$1,250,000

$1,750,000

$2,750,000

AVERAGE MEDIAN SALES AND PRICE

NUMBEROF SALES

DAYS ONMARKET

3Q16 32 93

2Q16 30 139

1Q16 14 155

4Q15 20 155

3Q15 37 85

$1,733,715 $1,600,000

3Q15

$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

Norwalk price indicators were mixed, with the average price 3% higher, and the median price 3% lower than a year ago. There were 5% fewer closings than during the third quarter of 2015.

Norwalk

NUMBEROF SALES

DAYS ONMARKET

3Q16 206 89

2Q16 193 101

1Q16 113 126

4Q15 151 111

3Q15 217 92

Average Sales Price Median Sales Price

$700,000

$600,000

$500,000

$400,000

$300,000

$100,000

$200,000

AVERAGE AND MEDIAN SALES PRICE

3Q16

$563,405 $445,500$621,082 $457,500

2Q16

$553,948 $419,000

4Q15

$557,260 $407,500

1Q16

$547,773 $460,000

3Q15

Halstead Property 5

Prices averaged $1,923,588 in New Canaan in the third quarter, a 20% improvement from 2015’s comparable period. While prices were higher than a year ago, the number of sales fell 33%, with 52 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

3Q16 52 144

2Q16 69 130

1Q16 34 205

4Q15 46 166

3Q15 78 140

Average Sales Price Median Sales Price

$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

$1,606,481 $1,440,000

3Q15

Average Sales Price Median Sales Price

The average and median prices were virtually unchanged in Westport compared to a year ago. The same cannot be said for sales, which declined 23% during this time.

Westport

$1,800,000

$1,600,000

$1,400,000

$1,000,000

$800,000

$1,200,000

$2,000,000

AVERAGE MEDIAN SALES AND PRICE

NUMBEROF SALES

DAYS ONMARKET

3Q16 106 101

2Q16 122 125

1Q16 62 134

4Q15 87 125

3Q15 137 93

$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

$1,503,267 $1,290,000

3Q15

Halstead Property 6

Average Sales Price Median Sales Price

$100,000

$300,000

$200,000

On average, homes in Stamford sold for 8% less than in 2015’s third quarter. The median price posted a smaller decline, falling 4% to $563,750.

Stamford AVERAGE AND MEDIAN SALES PRICE

NUMBEROF SALES

DAYS ONMARKET

3Q16 226 108

2Q16 175 94

1Q16 143 112

4Q15 178 106

3Q15 240 91

$700,000

$600,000

$500,000

$400,000

$646,873 $575,000

2Q16

$652,989 $583,000

4Q15

$642,970 $545,000

1Q16

$695,311 $590,000

3Q15 3Q16

$642,783 $563,750

Halstead Property 7

At $793,766, the average price was 13% lower in Wilton than in the third quarter of 2015. The market was more active, with 3% more transactions reported than a year ago.

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

3Q16 70 115

2Q16 75 130

1Q16 26 126

4Q15 41 122

3Q15 68 106

$793,766 $744,500

3Q16

$888,506 $845,000

2Q16

$741,095 $632,000

4Q15

$944,635 $861,000

1Q16

$ 910,396 $819,500

3Q15

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.

©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 SLOPE OFFICE1214 8th AvenueBrooklyn, NY 11215718.878.1888

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

NEW JERSEYHOBOKEN200 Washington StreetHoboken, NJ 07030201.478.6700

MONTCLAIR635 Valley Road, Montclair, NJ 07030973.744.6033

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