BHHS New England Properties 2014 Q1 Connecticut Market Report

First Quarter 2014Connecticut Market Report

BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 2

Executive summary

Prepared by: Candace Adams, President/CEO, Berkshire Hathaway HomeServices New England Properties

1st Quarter 2014

Cover Photo, Fairfield - www.766OldPostRoad.com

Although the first quarter of 2014 experienced a slow start as a result of severe weather

conditions and a tightening credit market, there are signs of a healthy market including multiple

offers on well-priced properties throughout the state. The average sale price of single family

homes rose 9.4% to $380,900; while the number of sales dropped 2.1% to 4,460, consistent with

the first quarter of last year. Condominium prices increased 5.6% to $202,300. Connecticut’s

rental market measured across all property types, remained steady in the first quarter, up 2.1%

to 3,183 signed leases. The median monthly rent is flat with last year at $1,400 per month, $100

lower than the high of $1,500 per month in 2012.

While taking into account the harsh weather of the first quarter, Connecticut’s real estate market

remains one of its strongest economic sectors. Confidence in the market and historically low

interest rates have reengaged buyers and sellers. Given all indicators, the second quarter will be

strong for sales in Connecticut.

At Berkshire Hathaway HomeServices New England Properties, our mission is to provide an

unparalleled customer experience throughout all aspects of the home transaction process. If

you have any questions regarding this report, Berkshire Hathaway HomeServices New England

Properties sales associates are here to help you navigate the current market with expert

knowledge and exceptional service.

Candace Adams

President and CEO

http://www.bhhsneproperties.com/default.aspx

http://www.766OldPostRoad.com


Connecticut Overview

Welcome to Berkshire Hathaway HomeServices New England Properties’ First Quarter Connecticut Market Report, our examination of the single family and condominium markets in Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham Counties. The new look of our Market Report features separate county pages using market-wide data based on transactions that closed in the First Quarter 2014 and compares them to closings that took place last quarter and during the same quarter last year.Page 4

Statewide Average Sales Price

ContentsAvon • www.15stockbridge.com

7 FAIRFIELD COUNTY

11 HARTFORD COUNTY

16 LITCHFIELD COUNTY

20 MIDDLESEX COUNTY

24 NEW HAVEN COUNTY

28 NEW LONDON COUNTY

32 TOLLAND COUNTY

35 WINDHAM COUNTY

$100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000

2012Q1

2012Q2

2012Q3

2012Q4

2013Q1

2013Q2

2013Q3

2013Q4

2014Q1

Statewide Average Price

Single FamilyHomesCondominiums

2013 Q1 v 2014 Q1

+9.4%2013 Q1 v 2014 Q1

+5.6%

Information here-in is based in whole or part on reports supplied by Collateral Analytics and area Multiple Listing Services (MLS), for residential property transactions as of March 31st, 2014, and is being provided “as is.” Data maintained by an MLS may not reflect all real estate activity in the market. It is deemed reliable but not guaranteed.

2013 Q1 vs 2014 Q1

+9.4%2013 Q1 vs 2014 Q1

+5.6%


http://www.15stockbridge.com

Connecticut Market Overview Q1-2014


CLOSED SALES

CONTRACTS SIGNED

Stat

ewid

e C

lose

d Sa

les

Stat

ewid

e C

ontr

acts

Sig

ned

Single Family Condominiums

0

2000

4000

6000

8000

10000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Clo

sed

Sale

s -R

ollin

g Ei

ght Q

uart

ers

Single Family Condominium

0

2000

4000

6000

8000

10000

12000

14000

16000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Con

trac

ts S

igne

d -R

ollin

g Ei

ght Q

uart

ers


The single family real estate market in Connecticut experienced a reduced number of sales due to severe weather in the first quarter of the year. There were 4,460 closed sales during First Quarter 2014, 2% lower than the number of sales in First Quarter 2013. Condominium sales, however, showed a 1.5% increase year-over-year.

When compared to the first quarter of last year the number of pending sales, a leading indicator of real estate activity, dropped 15.8% in Connecticut for single family homes and 13.9% for condominiums. Due to the extended harsh winter, this statistic will improve as more inventory hits the market in spring and summer.




SALES VOLUME

HOME PRICES

Both single family and condominium home values are higher by percentage this quarter when compared to First Quarter 2013 with single family home average sale prices rising 9.4% to $380,900. Litchfield County led the State this quarter with a 25.3% increase, followed by Middlesex and Fairfield Counties, each with a 12% increase. Average condominium sale prices rose 5.6% to $202,300 statewide with Tolland and Middlesex Counties leading the way with 46.3% and 42.1% increases respectively.

Average Sales Price Single Family

Average Sales Price Condominium

Median Sales Price Single Family

Median Sales Price Condominium

2013-Q4 $406,400 $211,700 $244,000 $160,000

Change -6.3% -4.4% -6.1% -6.3%

2014-Q1 $380,900 $202,300 $229,000 $150,000

2013-Q1 $348,200 $191,500 $225,000 $152,000

Change 9.4% 5.6% 1.8% -1.3%

2014-Q1 $380,900 $202,300 $229,000 $150,000

$-

$500,000,000

$1,000,000,000

$1,500,000,000

$2,000,000,000

$2,500,000,000

$3,000,000,000

$3,500,000,000

$4,000,000,000

2012Q1

2012Q2

2012Q3

2012Q4

2013Q1

2013Q2

2013Q3

2013Q4

2014Q1

Single FamilyHomes

Condominiums

2013 Q1 v 2014 Q1

+7.1%2013 Q1 v 2014 Q1

+4.8%

Sales volume for single family homes increased to $1,763,653,000, up 7.1 % when compared to First Quarter 2013. Most of the dollar volume growth occurred in Hartford and Litchfield County with 27% and 18.5% growth respectively. In the condominium arena, sales volume rose in Windham and Tolland Counties 200% and 93%, followed by Fairfield County, which rose by 21.2%, and Middlesex County increasing by 14.2%. Statewide condominium dollar volume was $243,949,000, a 4.8% increase year-over-year.




CURRENT INVENTORY

NEW HOUSING PERMITS

Thanks to multi-family development building approvals in Danbury and Stamford, the number of first quarter housing permits increased by 22% year-over-year with 533 new permits issued in January, 171 in February, and 249 in March. Those multi-family permits accounted for 64% of the State’s January numbers and swung the ratio away from what is usually a 50-50 share of single family and multi-family permits. That was re-balanced again in February and March when single family permits rebounded.

LUXURY MARKET

Connecticut’s Luxury Market, characterized by sales over $2 million, predominately occurred in Fairfield County. Sales were up 60% over last year’s first quarter with 58 sales in Greenwich, 16 in Westport and 9 in Darien. Many of the sales were new construction. When compared to last year, Connecticut’s luxury market has picked up dramatically in more densely populated areas.

0

200

400

600

800

1,000

1,200

1,400

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Perm

its Is

sued

New

Hou

sing

Per

mits

Statewide inventory increased this quarter for both single family homes and condominiums. In the Fourth Quarter 2013, single family homes stood at 5.1 months of supply while condominiums were at 5.7 months. In the First Quarter of 2014, supply rose to 6.5 and 7 months respectively. With the spring market beginning, this will help bolster the activity as there will be a better selection for buyers.



Fairfield County

Fairfield - www.766OldPostRoad.com

FAIRFIELD

NEW HAVEN

MIDDLESEX NEW LONDON

WINDHAM

TOLLANDHARTFORDLITCHFIELD


http://www.766OldPostRoad.com

Q1-2014


Fairfield County

Fairfield County’s real estate market continues it’s momentum from 2013. In the first quarter, total dollar volume in sales in the county reached $907,516,000 for single family homes, up 7.8%, and $133,034,000 for condominiums, up 21.2%. The average sale price of single family homes was $761,300, up a healthy 12.7%, and average for condominiums was $298,300, up 8.2%. Median rental prices are flat at $1,775 per month compared to $1,400 per month across the State.

SINGLE FAMILY AND CONDO RATIO

0

100000

200000

300000

400000

500000

600000

700000

800000

900000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Aver

age

and

Med

ian

Sale

s Pr

ice

AVERAGE AND MEDIAN SALES PRICE - FAIRFIELD COUNTY ROLL UP

Single Family Condominium Single Family Condominium

Number of Sales

Avg. Days on Market

Q1 2014 1638 157

Q4 2013 2426 147

Q3 2013 3272 134

Q2 2013 3031 168

Q1 2013 1644 177

Q4 2012 2134 176

Q3 2012 2561 166

Q2 2012 2449 179

Q1 2012 1428 198

CondominiumsSingle Family

Q1 2013


Q1 2014


Q1 2013


Q1 2014


AVERAGE AND MEDIAN SALES PRICE

Average Price Single Family

Median Price Single Family

Average Price Condominium

Median Price Condominium


Q1-2014


Fairfield CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

BETHEL

1 Family 152 18.1% 27 28.6% $272,500 0.9% $336,900 17.5% $9,096,000 51.1%

Condo 142 -0.1% 9 12.5% $407,600 93.6% $326,200 11.2% $2,936,000 25.1%

BRIDGEPORT

1 Family 152 -9.6% 110 4.8% $130,000 13.0% $137,800 10.9% $15,160,000 16.2%

Condo 142 1.3% 58 52.6% $62,300 2.9% $76,100 -8.5% $4,413,000 39.6%

BROOKFIELD

1 Family 201 27.6% 18 -21.7% $371,000 -15.7% $442,300 -1.6% $7,962,000 -23.0%

Condo 109 -43.1% 12 -7.7% $300,000 87.5% $331,100 40.1% $3,973,000 29.3%

COS COB

1 Family 162 -37.7% 10 0.0% $1,175,000 22.4% $1,306,700 7.5% $13,067,000 7.5%

Condo 114 -32.1% 5 66.7% $682,000 -9.1% $670,800 -10.4% $3,354,000 49.4%

DANBURY

1 Family 152 -4.0% 61 -9.0% $238,900 6.2% $276,100 6.8% $16,843,000 -2.7%

Condo 180 33.2% 53 -17.2% $205,000 31.0% $222,400 13.0% $11,787,000 -6.5%

DARIEN

1 Family 154 8.0% 58 18.4% $1,064,500 23.1% $1,098,200 20.9% $63,696,000 43.1%

Condo 124 277.1% 5 66.7% $3,000 -10.4% $234,600 7232.2% $1,173,000 12120.3%

EASTON

1 Family 162 -15.4% 12 9.1% $522,500 11.8% $542,200 4.9% $6,506,000 14.5%

Condo - - - - - - - - - -

FAIRFIELD

1 Family 157 15.4% 87 7.4% $517,500 -5.9% $643,900 3.6% $56,018,000 11.3%

Condo 139 -33.5% 14 27.3% $352,000 17.3% $405,200 17.5% $5,673,000 49.5%

GREENWICH

1 Family 261 -4.9% 58 11.5% $2,255,000 15.6% $2,904,100 2.3% $168,440,000 14.1%

Condo 275 29.6% 18 5.9% $725,000 21.3% $1,012,000 13.1% $18,217,000 19.7%

MONROE

1 Family 201 24.6% 26 -33.3% $305,600 -1.1% $336,700 2.6% $8,755,000 -31.6%

Condo 116 15.9% 9 200.0% $170,000 -8.6% $177,800 -5.8% $1,600,000 182.7%

NEW CANAAN

1 Family 190 -3.2% 36 28.6% $1,605,000 44.1% $1,865,700 34.5% $67,166,000 72.9%

Condo 215 25.3% 9 50.0% $350,000 -41.4% $442,300 -31.2% $3,981,000 3.2%

NEW FAIRFIELD

1 Family 174 1.3% 25 8.7% $345,000 22.8% $406,000 26.5% $10,150,000 37.5%

Condo - - - - - - - - - -

NEWTOWN

1 Family 171 11.6% 43 126.3% $342,000 3.0% $362,800 -6.4% $15,599,000 111.7%

Condo 289 -1.7% 4 300.0% $322,400 -23.2% $326,600 -22.2% $1,307,000 211.1%

NORWALK

1 Family 151 -25.1% 97 -13.4% $370,000 -5.7% $473,000 -5.2% $45,878,000 -17.9%

Condo 155 -11.4% 45 -8.2% $216,800 -3.7% $238,800 -6.0% $10,748,000 -13.7%

OLD GREENWICH

1 Family 171 -3.3% 13 -23.5% $1,225,000 -32.3% $1,890,800 -1.5% $24,580,000 -24.7%

Condo 155 0.4% 6 20.0% $641,500 129.1% $678,800 138.4% $4,073,000 186.1%


Q1-2014


Fairfield CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

REDDING

1 Family 256 16.4% 13 -27.8% $450,000 11.7% $526,900 17.2% $6,850,000 -15.3%

Condo - - - - - - - - - -

RIDGEFIELD

1 Family 192 6.6% 44 -29.0% $681,000 29.0% $668,800 5.1% $29,428,000 -25.4%

Condo 267 9.6% 7 0.0% $180,000 -21.7% $277,200 -4.8% $1,941,000 -4.8%

RIVERSIDE

1 Family 184 -15.1% 20 5.3% $2,262,500 88.5% $2,588,600 37.9% $51,772,000 45.1%

Condo 194 64.1% 3 200.0% $555,000 -13.3% $629,700 -1.6% $1,889,000 195.2%

SANDY HOOK

1 Family 160 -23.1% 33 22.2% $380,000 18.8% $364,800 2.9% $12,039,000 25.8%

Condo 102 35.4% 1 -66.7% $273,000 -3.5% $273,000 -11.8% $273,000 -70.6%

SHELTON

1 Family 118 -25.5% 34 -40.4% $279,500 -4.3% $274,500 -10.1% $9,332,000 -46.4%

Condo 117 -50.9% 17 -50.0% $210,000 -31.7% $235,600 -22.2% $4,005,000 -61.1%

SHERMAN

1 Family 276 40.2% 9 50.0% $485,000 71.7% $734,100 111.8% $6,607,000 217.6%

Condo - - - - - - - - - -

SOUTHPORT

1 Family 157 0.1% 13 85.7% $750,000 84.0% $1,577,200 115.2% $20,503,000 299.7%

Condo 89 -32.2% 5 150.0% $415,000 45.1% $424,000 48.2% $2,120,000 270.6%

STAMFORD

1 Family 172 0.1% 88 -20.7% $571,300 13.1% $663,500 9.2% $58,387,000 -13.4%

Condo 139 -13.8% 110 17.0% $273,100 1.5% $308,900 9.1% $33,983,000 27.7%

STRATFORD

1 Family 157 2.3% 89 3.5% $203,000 -3.1% $207,900 -4.6% $18,502,000 -1.2%

Condo 118 -27.8% 37 48.0% $155,000 -4.6% $160,300 5.7% $5,932,000 56.4%

TRUMBULL

1 Family 147 -18.4% 55 -9.8% $339,000 1.2% $356,400 11.0% $19,601,000 0.1%

Condo 158 -22.9% 5 -16.7% $284,500 -4.0% $304,500 -0.7% $1,523,000 -17.2%

WESTON

1 Family 199 19.3% 17 -5.6% $830,000 26.5% $1,015,800 39.0% $17,268,000 31.3%

Condo - - - - - - - - - -

WESTPORT

1 Family 161 -12.0% 62 -19.5% $1,325,000 -1.9% $1,590,600 9.8% $98,616,000 -11.6%

Condo 107 -45.3% 9 800.0% $635,000 -0.8% $645,900 0.9% $5,813,000 808.2%

WILTON

1 Family 215 4.2% 34 -12.8% $697,500 -2.0% $873,400 7.9% $29,697,000 -5.9%

Condo 162 60.2% 5 25.0% $320,000 3.9% $464,300 52.2% $2,322,000 90.3%



Hartford County

West Hartford - www.74WhettenRoad.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.74WhettenRoad.com

Q1-2014


Hartford County

Hartford County’s real estate market has shown solid growth year-over-year. Total dollar volume in sales reached $298,052,000, up 6.3% for single families. Condominium sales volume dipped to $44,551,000, down 14.7%. The average sale price of single family homes was $251,600, up 7.8%, and the average for condominiums was $160,400, down 2.4%. Median rental prices showed a 6.1% increase at $1,300 per month.


Q1 2014 1467 79

Q4 2013 2171 71

Q3 2013 2665 63

Q2 2013 2393 69

Q1 2013 1524 84

Q4 2012 1994 80

Q3 2012 2271 75

Q2 2012 2223 81

Q1 2012 1360 94

Number of Sales

Avg. Days on Market

Q1 2013


Q1 2014


Q1 2013


Q1 2014


0

50000

100000

150000

200000

250000

300000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Aver

age

and

Med

ian

Sale

s Pr

ice

AVERAGE AND MEDIAN SALES PRICE - HARTFORD COUNTY ROLL UP









Q1-2014


Hartford CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

AVON

1 Family 174 18.8% 41 24.2% $380,000 -11.6% $483,200 -9.1% $19,812,000 12.9%

Condo 213 6.6% 8 -55.6% $197,000 1.0% $240,100 -4.7% $1,921,000 -57.6%

BERLIN

1 Family 127 11.1% 25 -13.8% $245,000 6.5% $285,200 8.4% $7,130,000 -6.6%

Condo 152 14.8% 10 150.0% $213,500 5.5% $206,300 -0.7% $2,063,000 148.3%

BLOOMFIELD

1 Family 179 -6.7% 27 -12.9% $165,000 10.1% $175,200 -22.5% $4,730,000 -32.5%

Condo 210 9.3% 7 -30.0% $165,000 -52.5% $262,900 -23.2% $1,841,000 -46.2%

BRISTOL

1 Family 131 -6.4% 68 -29.2% $157,300 3.0% $171,985 3.5% $27,958,000 75.2%

Condo 112 -44.8% 20 -4.8% $94,000 -16.8% $111,242 13.0% $2,115,000 -21.2%

BROAD BROOK

1 Family 117 -13.2% 11 22.2% $323,000 65.6% $273,900 21.7% $3,013,000 48.8%

Condo 152 -40.5% 5 66.7% $143,000 -3.4% $150,400 -4.4% $752,000 59.3%

BURLINGTON

1 Family 153 18.4% 15 7.1% $345,000 29.3% $358,500 26.0% $5,377,000 35.0%

Condo - - - - - - - - - -

CANTON

1 Family 203 55.3% 14 16.7% $277,500 16.8% $283,900 -4.9% $3,975,000 11.0%

Condo 53 -55.4% 1 -75.0% $64,000 -26.9% $64,000 -40.6% $64,000 -85.1%

COLLINSVILLE

1 Family 166 8.7% 11 57.1% $325,000 4.5% $383,800 -0.8% $4,222,000 55.9%

Condo 55 39.2% 1 -50.0% $162,000 -25.7% $162,000 -25.7% $162,000 -62.8%

EAST BERLIN

1 Family 214 109.8% 2 0.0% $184,500 -41.9% $184,500 -41.9% $369,000 -41.9%

Condo - - - - - - - - - -

EAST GRANBY

1 Family 132 -3.9% 13 -13.3% $250,000 2.0% $244,800 -11.2% $3,182,000 -23.0%

Condo - - - - - - - - - -

EAST HARTFORD

1 Family 136 -5.2% 79 14.5% $115,100 -11.1% $118,600 -7.1% $9,367,000 6.4%

Condo 183 70.4% 6 -40.0% $99,600 73.1% $143,500 83.3% $861,000 10.0%

EAST WINDSOR

1 Family 114 -5.7% 12 300.0% $97,000 -7.6% $120,200 -31.8% $1,443,000 173.0%

Condo 143 -16.5% 4 -55.6% $166,500 9.5% $155,700 1.9% $623,000 -54.7%

ENFIELD

1 Family 148 9.1% 72 -16.3% $150,000 -5.0% $158,200 1.0% $11,391,000 -15.4%

Condo 149 15.2% 12 -14.3% $145,500 9.7% $150,000 -2.1% $1,800,000 -16.1%

FARMINGTON

1 Family 120 -22.9% 25 13.6% $375,000 -7.2% $427,800 -3.5% $10,696,000 9.7%

Condo 101 -6.7% 12 -40.0% $188,500 1.1% $225,400 5.4% $2,705,000 -36.7%

GLASTONBURY

1 Family 134 -10.1% 46 2.2% $318,800 9.9% $329,200 0.4% $15,141,000 2.6%

Condo 77 -43.1% 14 -6.7% $162,000 -3.6% $182,300 3.5% $2,552,000 -3.4%


Q1-2014



%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

GRANBY

1 Family 126 6.2% 9 -18.2% $200,000 6.4% $194,500 -10.9% $1,751,000 -27.1%

Condo - - - - - - - - - -

HARTFORD

1 Family 147 6.5% 43 -15.7% $104,000 -16.1% $123,400 -19.2% $5,306,000 -31.8%

Condo 126 -19.2% 21 90.9% $59,000 -48.7% $107,700 -36.9% $2,261,000 20.4%

MANCHESTER

1 Family 133 -13.9% 81 9.5% $163,300 6.2% $182,800 7.2% $14,803,000 17.3%

Condo 110 -23.0% 20 25.0% $62,500 -38.3% $96,200 -9.6% $1,923,000 13.0%

MARLBOROUGH

1 Family 156 -0.4% 3 -50.0% $207,500 -11.7% $262,500 2.4% $788,000 -48.8%

Condo 165 42.2% 2 100.0% $191,000 19.0% $191,000 19.0% $382,000 138.0%

NEW BRITAIN

1 Family 129 -7.3% 77 6.9% $116,500 15.2% $110,100 -1.1% $8,478,000 5.8%

Condo 105 -2.6% 4 -71.4% $82,700 4.0% $92,900 -3.4% $372,000 -72.4%

NEWINGTON

1 Family 111 -12.5% 38 -9.5% $204,300 8.8% $217,700 12.0% $8,272,000 1.3%

Condo 143 -2.1% 24 -7.7% $142,500 6.8% $165,200 18.3% $3,966,000 9.2%

NORTH GRANBY

1 Family 114 31.8% 2 -50.0% $361,000 5.1% $361,000 3.4% $722,000 -48.3%

Condo - - - - - - - - - -

PLAINVILLE

1 Family 134 30.4% 24 20.0% $170,300 4.1% $171,400 -0.6% $4,114,000 19.3%

Condo 101 -36.7% 7 133.3% $121,000 -1.6% $158,000 22.2% $1,106,000 185.0%

PLANTSVILLE

1 Family 158 -22.4% 9 -35.7% $211,300 0.0% $238,200 0.9% $2,144,000 -35.1%

Condo 98 -44.7% 6 50.0% $144,500 -7.4% $151,000 -13.9% $906,000 29.2%

ROCKY HILL

1 Family 150 -19.9% 17 -22.7% $227,500 -7.7% $237,400 -31.3% $4,036,000 -46.9%

Condo 91 -33.1% 18 -18.2% $158,000 -1.3% $167,700 20.1% $3,018,000 -1.8%

SIMSBURY

1 Family 120 -5.6% 40 110.5% $318,500 11.8% $366,400 3.1% $14,657,000 117.0%

Condo 76 -34.4% 4 -33.3% $167,500 8.0% $142,000 -30.3% $568,000 -53.5%

SOUTH GLASTONBURY

1 Family 142 1.1% 12 50.0% $413,000 -6.1% $450,900 -17.0% $5,410,000 24.6%

Condo 104 -12.0% 2 -33.3% $301,500 13.8% $301,500 -13.4% $603,000 -42.3%

SOUTH WINDSOR

1 Family 131 -16.2% 33 -5.7% $268,000 11.7% $268,300 4.6% $8,854,000 -1.4%

Condo 111 -12.7% 11 -26.7% $99,000 -23.8% $122,800 -21.5% $1,351,000 -42.5%

SOUTHINGTON

1 Family 177 11.8% 64 -4.5% $250,300 -3.4% $277,700 1.0% $17,776,000 -3.5%

Condo 164 17.3% 10 -37.5% $146,500 -11.1% $169,800 1.8% $1,698,000 -36.4%

SUFFIELD

1 Family 153 -14.3% 20 17.6% $352,500 0.7% $357,300 4.6% $7,145,000 23.0%

Condo 160 -7.6% 5 25.0% $117,000 -37.0% $160,000 -30.0% $800,000 -12.6%


Q1-2014



%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

TARIFFVILLE

1 Family - - - - - - - - - -

Condo 114 -12.3% 1 0.0% $120,000 -42.2% $120,000 -42.2% $120,000 -42.2%

UNIONVILLE

1 Family 145 -1.4% 9 -35.7% $447,500 117.8% $424,700 63.7% $3,822,000 5.3%

Condo 272 110.5% 6 200.0% $175,000 36.8% $302,000 136.0% $1,812,000 608.1%

WEATOGUE

1 Family 77 -54.3% 3 200.0% $330,000 -9.1% $346,300 -4.6% $1,039,000 186.2%

Condo 97 22.3% 2 -33.3% $160,800 19.1% $160,800 9.1% $322,000 -27.3%

WEST GRANBY

1 Family 70 -35.4% 1 -66.7% $612,000 42.3% $612,000 69.6% $612,000 -43.5%

Condo - - - - - - - - - -

WEST HARTFORD

1 Family 124 1.5% 101 -10.6% $271,500 -4.7% $324,300 4.7% $32,753,000 -6.5%

Condo 81 -51.4% 19 0.0% $187,500 1.4% $209,800 17.2% $3,985,000 17.2%

WEST SIMSBURY

1 Family 160 -4.4% 6 0.0% $303,500 -14.1% $295,700 -15.1% $1,774,000 -15.1%

Condo - - - - - - - - - -

WEST SUFFIELD

1 Family 227 121.9% 8 166.7% $190,500 -37.5% $254,900 -28.1% $2,039,000 91.9%

Condo - - - - - - - - - -

WETHERSFIELD

1 Family 120 2.6% 50 0.0% $207,500 7.3% $228,200 5.6% $11,412,000 5.6%

Condo 120 10.9% 9 28.6% $110,000 -26.6% $116,300 -12.6% $1,047,000 12.4%

WINDSOR

1 Family 129 -7.3% 52 8.3% $175,000 -1.1% $178,700 -0.2% $9,290,000 8.2%

Condo 138 24.9% 9 28.6% $230,000 318.2% $164,000 19.9% $1,476,000 54.1%

WINDSOR LOCKS

1 Family 141 -4.5% 17 -32.0% $162,000 3.8% $157,000 -9.3% $2,669,000 -38.3%

Condo 98 -21.7% 4 -33.3% $101,500 -21.9% $94,300 -23.7% $377,000 -49.1%



Litchfield County

Bridgewater - www.99055532.bhhsneproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.99055532.bhhsneproperties.com

Q1-2014


Litchfield County

Single family home sale prices in Litchfield County have increased dramatically over last year. Total dollar volume in sales reached $76,825,000, up 18.5% for single family homes. Condominium volume dipped to $4,549,000, down 8.7%. The average sale price of single family homes was $293,200, up a robust 25.3%, and the average for condominiums was $133,800, down 6.0%. Median rental prices showed a 0.5% decrease at $995 per month compared to $1,400 per month across the State.

Q1 2014 296 161

Q4 2013 452 141

Q3 2013 519 135

Q2 2013 456 140

Q1 2013 312 137

Q4 2012 430 138

Q3 2012 490 150

Q2 2012 388 164

Q1 2012 279 149

Number of Sales

Avg. Days on Market


Q1 2013


Q1 2014


Q1 2013


Q1 2014



0

50000

100000

150000

200000

250000

300000

350000

400000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Aver

age

and

Med

ian

Sale

s Pr

ice

AVERAGE AND MEDIAN SALES PRICE - LITCHFIELD COUNTY ROLL UP








Q1-2014


Litchfield CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

BANTAM

1 Family 96 -69.1% 3 50.0% $370,000 85.0% $352,300 76.2% $1,057,000 164.3%

Condo - - - - - - - - - -

BARKHAMSTED

1 Family 340 269.6% 4 -20.0% $227,500 -10.8% $191,800 -24.5% $767,000 -39.6%

Condo - - - - - - - - - -

BETHLEHEM

1 Family 231 63.2% 8 700.0% $238,400 28.8% $275,000 48.6% $2,200,000 1089.2%

Condo - - - - - - - - - -

CANAAN

1 Family 201 16.7% 4 33.3% $110,000 0.0% $131,300 49.4% $525,000 99.2%

Condo - - - - - - - - - -

GAYLORDSVILLE

1 Family 144 -35.4% 3 0.0% $265,000 6.0% $305,800 -4.8% $918,000 -4.8%

Condo - - - - - - - - - -

GOSHEN

1 Family 182 -17.0% 7 -36.4% $420,000 50.0% $507,900 53.3% $3,556,000 -2.5%

Condo - - - - - - - - - -

HARWINTON

1 Family 209 6.7% 13 0.0% $217,500 13.9% $237,200 14.9% $3,084,000 14.9%

Condo - - - - - - - - - -

KENT

1 Family 104 -62.4% 7 133.3% $419,000 39.7% $643,100 162.5% $4,502,000 512.4%

Condo 158 -33.3% 2 100.0% $247,500 34.1% $247,500 34.1% $495,000 168.1%

LAKEVILLE

1 Family 478 166.6% 7 75.0% $350,000 -15.2% $603,900 14.1% $4,227,000 99.6%

Condo - - - - - - - - - -

LITCHFIELD

1 Family 324 79.7% 8 -20.0% $320,000 4.9% $624,300 96.1% $4,995,000 56.9%

Condo 300 -54.1% 1 0.0% $312,000 -15.7% $312,000 -15.7% $312,000 -15.7%

MORRIS

1 Family 684 230.8% 3 -25.0% $720,000 61.8% $645,800 48.6% $1,938,000 11.4%

Condo - - - - - - - - - -

NEW HARTFORD

1 Family 183 31.7% 9 28.6% $245,000 61.3% $258,600 24.5% $2,327,000 60.1%

Condo - - - - - - - - - -

NEW MILFORD

1 Family 180 -9.2% 16 -36.0% $237,800 1.2% $289,400 -20.3% $4,631,000 -49.0%

Condo 28 -70.1% 1 -80.0% $370,000 406.8% $370,000 238.3% $370,000 -32.3%

NEW PRESTON MARBLE DALE

1 Family 195 -51.2% 5 66.7% $230,000 -45.9% $322,400 -51.1% $1,612,000 -18.5%

Condo 165 - 1 - $230,000 - $230,000 - $230,000 -

NORFOLK

1 Family 648 - 3 - $300,000 - $478,300 - $1,435,000 -

Condo - - - - - - - - - -


Q1-2014


Litchfield CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

PLYMOUTH

1 Family 184 18.6% 5 -44.4% $171,400 7.1% $186,100 41.9% $930,000 -21.2%

Condo - - - - - - - - - -

ROXBURY

1 Family 172 -55.4% 5 400.0% $625,000 -12.0% $846,200 19.2% $4,231,000 495.9%

Condo - - - - - - - - - -

SALISBURY

1 Family 314 58.2% 3 0.0% $375,000 0.0% $409,200 8.1% $1,228,000 8.1%

Condo 60 - 1 - $280,000 - $280,000 - $280,000 -

SHARON

1 Family 204 18.9% 3 200.0% $690,000 16.9% $789,300 33.8% $2,368,000 301.4%

Condo - - - - - - - - - -

TERRYVILLE

1 Family 170 37.7% 23 53.3% $166,000 -1.2% $157,700 -5.5% $3,626,000 44.9%

Condo - - - - - - - - - -

THOMASTON

1 Family 195 21.7% 15 -6.3% $175,900 56.4% $195,400 18.1% $2,931,000 10.7%

Condo 142 -55.3% 3 50.0% $79,900 -43.9% $72,500 -49.1% $217,000 -23.7%

TORRINGTON

1 Family 172 -8.5% 44 -15.4% $126,400 -4.8% $119,500 -12.4% $5,257,000 -25.8%

Condo 216 7.7% 12 9.1% $84,000 2.4% $82,700 -3.0% $993,000 5.8%

WARREN

1 Family 44 -65.1% 1 0.0% $1,425,000 81.0% $1,425,000 81.0% $1,425,000 81.0%

Condo - - - - - - - - - -

WASHINGTON

1 Family 399 -23.1% 3 50.0% $643,000 -4.4% $701,800 4.4% $2,106,000 56.5%

Condo - - - - - - - - - -

WASHINGTON DEPOT

1 Family 34 - 1 - $232,500 - $232,500 - $233,000 -

Condo - - - - - - - - - -

WATERTOWN

1 Family 212 35.8% 29 -17.1% $183,000 11.6% $201,700 5.6% $5,849,000 -12.5%

Condo 134 -32.5% 5 0.0% $145,000 -12.1% $149,300 -13.2% $747,000 -13.2%

WATERTOWN

1 Family 212 35.8% 29 -17.1% $183,000 11.6% $201,700 5.6% $5,849,000 -12.5%

Condo 134 -32.5% 5 0.0% $145,000 -12.1% $149,300 -13.2% $747,000 -13.2%

WEST CORNWALL

1 Family 291 87.4% 2 100.0% $332,500 52.9% $332,500 52.9% $665,000 205.7%

Condo - - - - - - - - - -

WINSTED

1 Family 318 125.4% 13 -31.6% $103,000 -17.4% $142,100 -8.8% $1,847,000 -37.6%

Condo 145 - 2 - $100,000 - $100,000 - $200,000 -

WOODBURY

1 Family 170 -16.7% 10 -47.4% $322,500 15.2% $331,800 18.9% $3,318,000 -37.4%

Condo 140 -54.7% 6 50.0% $106,500 -43.9% $117,500 -39.9% $705,000 -9.9%



Middlesex County

Westbrook - www.41MohicanRoad.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.41MohicanRoad.com

Q1-2014


Middlesex County

Middlesex County saw a 16.5% increase in the number of sales year-over-year, increasing total dollar volume by 27.3% for single family homes and 14.25% for condominiums, $88,282,000 and $9,220,000 respectively. The average sale price of single family homes was $315,300, up 12.3%, and the average for condominiums was $156,300, up 18.0%. Median rental prices remained flat at $1,300 per month compared to $1,400 per month across the State.

Q1 2014 339 109

Q4 2013 405 94

Q3 2013 515 76

Q2 2013 540 88

Q1 2013 308 98

Q4 2012 406 114

Q3 2012 520 101

Q2 2012 461 105

Q1 2012 298 116

Number of Sales

Avg. Days on Market


Q1 2013


Q1 2014


Q1 2013


Q1 2014



0

50000

100000

150000

200000

250000

300000

350000

400000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Aver

age

and

Med

ian

Sale

s Pr

ice

AVERAGE AND MEDIAN SALES PRICE - MIDDLESEX COUNTY ROLL UP








Q1-2014


Middlesex CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

CHESTER

1 Family 141 -24.3% 12 200.0% $205,000 -35.9% $265,100 -24.8% $3,181,000 125.6%

Condo - - - - - - - - - -

CLINTON

1 Family 206 29.0% 11 -15.4% $270,000 25.6% $326,500 -1.8% $3,592,000 -16.9%

Condo 47 -86.1% 4 300.0% $63,500 -33.2% $72,800 -23.4% $291,000 206.3%

CROMWELL

1 Family 168 13.5% 19 -17.4% $262,500 28.7% $283,500 17.3% $5,386,000 -3.1%

Condo 137 11.4% 19 -9.5% $110,000 -26.7% $159,100 -10.8% $3,023,000 -19.3%

DEEP RIVER

1 Family 110 -37.0% 6 -14.3% $186,700 -11.1% $178,600 -20.3% $1,071,000 -31.7%

Condo - - 0 - - - - - $- -

DURHAM

1 Family 188 42.6% 19 58.3% $260,000 -20.1% $266,600 -21.9% $5,066,000 23.7%

Condo - - 0 - - - - - $- -

EAST HADDAM

1 Family 143 -15.1% 7 -46.2% $325,000 35.4% $318,400 33.8% $2,229,000 -28.0%

Condo - - - - - - - - - -

EAST HAMPTON

1 Family 116 -25.2% 28 40.0% $241,300 14.3% $268,500 17.4% $7,519,000 64.3%

Condo 381 87.0% 4 33.3% $110,000 -3.5% $114,500 9.1% $458,000 45.4%

ESSEX

1 Family 370 58.5% 17 88.9% $645,000 -4.8% $731,300 12.7% $12,431,000 113.0%

Condo 265 203.7% 4 300.0% $263,000 33.2% $221,500 12.2% $886,000 348.6%

HADDAM

1 Family 132 36.0% 8 166.7% $220,000 4.7% $234,300 35.1% $1,874,000 260.4%

Condo - - - - - - - - - -

HIGGANUM

1 Family 178 58.0% 7 40.0% $366,300 11.3% $367,800 33.4% $2,574,000 86.7%

Condo - - - - - - - - - -

IVORYTON

1 Family 245 66.3% 2 -50.0% $307,500 -6.7% $307,500 0.9% $615,000 -49.6%

Condo - - - - - - - - - -

KILLINGWORTH

1 Family 134 -34.1% 13 18.2% $485,000 14.1% $433,800 -1.8% $5,639,000 16.0%

Condo - - - - - - - - - -

MIDDLEFIELD

1 Family 256 42.2% 1 -75.0% $68,000 -78.4% $68,000 -76.4% $68,000 -94.1%

Condo - - - - - - - - - -

MIDDLETOWN

1 Family 162 6.3% 75 13.6% $220,000 11.4% $238,200 13.4% $17,864,000 28.8%

Condo 163 -3.0% 16 -48.4% $120,500 13.7% $119,400 16.9% $1,910,000 -39.7%

MOODUS

1 Family 219 59.2% 4 -50.0% $230,800 18.2% $226,400 27.2% $906,000 -36.4%

Condo - - - - - - - - - -


Q1-2014


Middlesex CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

OLD SAYBROOK

1 Family 178 19.0% 25 31.6% $318,300 -15.7% $390,200 -6.4% $9,755,000 23.1%

Condo 236 - 5 - $287,500 - $278,200 - $1,391,000 -

PORTLAND

1 Family 236 17.0% 9 -35.7% $220,000 8.0% $220,800 5.7% $1,987,000 -32.1%

Condo 168 114.4% 5 400.0% $172,000 -15.5% $167,100 -17.9% $836,000 310.6%

ROCKFALL

1 Family 186 9.7% 3 -25.0% $267,000 0.0% $293,300 12.3% $880,000 -15.8%

Condo 160 - 1 - $200,000 - $200,000 - $200,000 -

WESTBROOK

1 Family 128 -8.0% 12 50.0% $361,300 30.0% $423,100 31.3% $5,077,000 96.9%

Condo 404 - 1 - $225,000 - $225,000 - $225,000 -



New Haven County

Milford - www.81MorningsideDrive.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.81MorningsideDrive.com

Q1-2014


New Haven County

New Haven County’s real estate market has remained steady in 2014’s first quarter when compared to last year. Total dollar volume in sales reached $219,608,000, down 3.7% for single families and $36,741,000, down 19.9% for condominiums. The average sale price of single family homes was $241,300, up 2.2%, and the average for condominiums was $132,600, down 6.6%. Median rental prices showed a 4.3% increase at $1,200 per month compared to $1,400 per month across the State.

Q1 2014 1187 96

Q4 2013 1801 92

Q3 2013 2205 89

Q2 2013 2010 90

Q1 2013 1289 105

Q4 2012 1684 98

Q3 2012 1928 93

Q2 2012 1816 100

Q1 2012 1154 106

Number of Sales

Avg. Days on Market


Q1 2013


Q1 2014


Q1 2013


Q1 2014



0

50000

100000

150000

200000

250000

300000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Aver

age

and

Med

ian

Sale

s Pr

ice

AVERAGE AND MEDIAN SALES PRICE - NEW HAVEN COUNTY ROLL UP








Q1-2014


New Haven CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

ANSONIA

1 Family 148 9.3% 8 -50.0% $186,000 11.4% $167,900 2.1% $1,343,000 -48.9%

Condo - - 0 - - - - - $- -

BEACON FALLS

1 Family 153 12.0% 10 100.0% $323,500 123.3% $280,800 45.6% $2,808,000 191.2%

Condo 104 -65.7% 3 50.0% $119,000 -25.3% $153,000 -3.9% $459,000 44.1%

BETHANY

1 Family 218 4.2% 3 -70.0% $505,000 43.7% $406,000 12.8% $1,218,000 -66.2%

Condo - - - - - - - - - -

BRANFORD

1 Family 196 0.9% 25 -10.7% $322,000 13.9% $340,400 12.7% $8,510,000 0.7%

Condo 166 -17.4% 29 7.4% $147,000 -5.8% $144,800 -4.8% $4,199,000 2.3%

CHESHIRE

1 Family 155 -5.0% 31 -29.5% $325,000 8.2% $332,400 -1.3% $10,305,000 -30.5%

Condo 189 -8.0% 16 -15.8% $187,800 17.3% $233,400 23.0% $3,734,000 3.5%

DERBY

1 Family 117 -8.2% 9 125.0% $160,000 -34.7% $172,700 -20.0% $1,554,000 80.1%

Condo 140 -14.9% 5 -16.7% $110,000 -19.7% $119,100 -8.2% $596,000 -23.5%

EAST HAVEN

1 Family 154 3.0% 43 43.3% $137,000 -10.3% $154,700 -4.5% $6,652,000 36.9%

Condo 192 75.5% 20 25.0% $100,300 10.8% $119,500 -15.4% $2,391,000 5.8%

GUILFORD

1 Family 144 -25.4% 28 -20.0% $325,000 -13.3% $368,900 -33.6% $10,329,000 -46.9%

Condo 128 -3.5% 6 -25.0% $221,300 24.3% $225,300 7.7% $1,352,000 -19.3%

HAMDEN

1 Family 147 -8.1% 84 12.0% $171,500 -12.1% $189,500 -13.1% $15,922,000 -2.7%

Condo 126 -31.4% 19 -32.1% $75,000 -27.7% $93,100 -16.8% $1,768,000 -43.5%

MADISON

1 Family 175 9.8% 35 -16.7% $435,000 25.6% $506,600 20.5% $17,731,000 0.5%

Condo 169 11.4% 5 25.0% $250,000 -10.2% $313,400 4.5% $1,567,000 30.6%

MERIDEN

1 Family 133 -6.1% 61 -23.7% $137,400 -3.9% $413,000 191.8% $25,192,000 122.5%

Condo 106 -42.5% 22 15.8% $85,000 6.9% $96,300 13.1% $2,119,000 30.9%

MIDDLEBURY

1 Family 187 11.0% 10 -28.6% $340,000 15.8% $357,200 22.1% $3,572,000 -12.8%

Condo 59 - 2 - $421,500 - $421,500 - $843,000 -

MILFORD

1 Family 147 -13.9% 71 2.9% $267,000 7.2% $273,800 -3.7% $19,440,000 -0.9%

Condo 158 14.1% 13 -51.9% $172,000 -1.7% $170,300 -12.2% $2,214,000 -57.7%

NAUGATUCK

1 Family 151 1.1% 34 -34.6% $127,800 -20.9% $133,900 -15.7% $4,554,000 -44.9%

Condo 107 -27.7% 8 -38.5% $55,000 -21.5% $62,200 -18.9% $498,000 -50.1%

NEW HAVEN

1 Family 156 15.1% 52 -20.0% $158,000 24.4% $204,600 22.9% $10,641,000 -1.7%

Condo 211 8.3% 19 -45.7% $90,100 -22.0% $140,900 -8.1% $2,677,000 -50.1%


Q1-2014


New Haven CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

NORTH BRANFORD

1 Family 112 -31.0% 6 -40.0% $216,300 3.0% $229,800 8.6% $1,379,000 -34.8%

Condo 157 70.3% 1 -80.0% $162,000 58.0% $162,000 35.9% $162,000 -72.8%

NORTH HAVEN

1 Family 177 26.7% 32 0.0% $257,500 6.2% $244,900 -7.0% $7,837,000 -7.0%

Condo 238 -71.4% 4 300.0% $260,000 381.5% $243,800 351.4% $975,000 1705.6%

NORTHFORD

1 Family 211 68.9% 7 0.0% $250,000 6.4% $216,800 -9.8% $1,518,000 -9.8%

Condo - - - - - - - - - -

ORANGE

1 Family 150 -31.3% 17 -26.1% $338,000 4.0% $389,400 11.2% $6,620,000 -17.8%

Condo 205 111.7% 1 -83.3% $250,000 -28.0% $250,000 -27.8% $250,000 -88.0%

OXFORD

1 Family 210 18.2% 25 108.3% $303,900 -11.5% $312,300 -5.5% $7,808,000 96.9%

Condo 240 51.3% 2 -50.0% $367,000 6.1% $367,000 5.8% $734,000 -47.1%

PROSPECT

1 Family 140 -28.9% 12 9.1% $290,000 13.8% $266,900 4.5% $3,203,000 14.0%

Condo 207 191.5% 1 0.0% $345,000 44.7% $345,000 44.7% $345,000 44.7%

SEYMOUR

1 Family 165 7.7% 22 46.7% $190,000 21.8% $206,300 18.2% $4,538,000 73.3%

Condo 280 102.5% 2 -75.0% $103,500 68.3% $103,500 24.6% $207,000 -68.9%

SOUTHBURY

1 Family 159 18.6% 19 -13.6% $360,000 12.1% $332,700 3.3% $6,321,000 -10.8%

Condo 123 -35.6% 31 3.3% $107,000 28.9% $118,100 12.4% $3,662,000 16.1%

WALLINGFORD

1 Family 115 -35.1% 55 -19.1% $200,000 -15.3% $209,900 -27.2% $11,544,000 -41.1%

Condo 138 -11.1% 17 -5.6% $145,000 -17.6% $151,400 -20.8% $2,573,000 -25.2%

WATERBURY

1 Family 137 -20.0% 113 14.1% $75,000 -25.0% $85,200 -10.4% $9,625,000 2.3%

Condo 98 -30.8% 34 0.0% $40,700 -33.9% $50,800 -19.4% $1,728,000 -19.4%

WEST HAVEN

1 Family 150 -9.9% 56 -15.2% $147,500 6.9% $152,400 8.6% $8,532,000 -7.9%

Condo 138 -10.8% 15 87.5% $65,000 -31.6% $92,000 -14.6% $1,380,000 60.1%

WOLCOTT

1 Family 139 -42.0% 29 38.1% $165,000 0.0% $197,200 0.8% $5,717,000 39.2%

Condo 312 62.5% 2 0.0% $155,000 -37.4% $155,000 -37.4% $310,000 -37.4%

WOODBRIDGE

1 Family 429 133.4% 13 18.2% $396,900 -2.5% $399,600 -15.5% $5,195,000 -0.1%

Condo - - - - - - - - - -



New London County

Stonington - www.30ChurchStCT.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.30ChurchStCT.com

Q1-2014


New London County

New London County’s real estate market saw gains in all housing types in the first quarter. Total dollar volume in sales reached $98,987,000, up 9.3% for single families and $7,459,000 for condominiums, up 3.9%. The average sale price of single family homes was $232,900, up 7.7%, and the average for condominiums was $126,400, down 20.7%. Median rental prices showed a 4.2% increase at $1,250 per month versus $1,400 per month across the State.

Q1 2014 484 102

Q4 2013 686 96

Q3 2013 767 96

Q2 2013 768 100

Q1 2013 464 111

Q4 2012 603 115

Q3 2012 659 108

Q2 2012 651 117

Q1 2012 475 118

Number of Sales

Avg. Days on Market


Q1 2013


Q1 2014


Q1 2013


Q1 2014



0

50000

100000

150000

200000

250000

300000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Aver

age

and

Med

ian

Sale

s Pr

ice

AVERAGE AND MEDIAN SALES PRICE - NEW LONDON COUNTY ROLL UP








Q1-2014


New London CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

BALTIC

1 Family 230 107.5% 7 250.0% $209,000 -9.5% $173,600 -24.8% $1,216,000 163.1%

Condo - - - - - - - - - -

BOZRAH

1 Family 135 -19.9% 5 -28.6% $125,000 -28.2% $146,600 -13.2% $733,000 -38.0%

Condo - - - - - - - - - -

COLCHESTER

1 Family 138 -20.7% 24 -4.0% $219,200 16.6% $221,100 11.7% $5,307,000 7.2%

Condo 760 758.8% 2 -50.0% $219,500 -13.1% $219,500 -8.1% $439,000 -54.0%

EAST LYME

1 Family 161 -27.5% 11 -21.4% $358,000 10.9% $347,100 -3.2% $3,819,000 -24.0%

Condo - - - - - - - - - -

GALES FERRY

1 Family 152 17.0% 21 75.0% $183,000 -8.6% $174,500 -19.6% $3,664,000 40.7%

Condo - - - - - - - - - -

GRISWOLD

1 Family 125 -28.1% 20 11.1% $85,700 -38.1% $115,800 -12.1% $2,315,000 -2.4%

Condo 48 -69.6% 3 200.0% $30,000 -22.1% $31,700 -17.7% $95,000 146.8%

GROTON

1 Family 182 18.7% 33 17.9% $159,900 0.9% $285,000 63.4% $9,405,000 92.6%

Condo 106 -30.1% 11 120.0% $70,000 -33.3% $79,900 -37.1% $879,000 38.4%

LEBANON

1 Family 193 0.5% 16 6.7% $176,000 -30.5% $207,600 -7.5% $3,321,000 -1.4%

Condo - - - - - - - - - -

LEDYARD

1 Family 130 -11.6% 25 -10.7% $180,000 15.2% $204,900 2.0% $5,123,000 -8.9%

Condo - - - - - - - - - -

LISBON

1 Family 129 -48.0% 7 -12.5% $84,900 -60.9% $161,200 -31.9% $1,128,000 -40.4%

Condo - - - - - - - - - -

LYME

1 Family 210 39.2% 4 -42.9% $848,800 40.3% $865,600 25.4% $3,463,000 -28.4%

Condo - - - - - - - - - -

MYSTIC

1 Family 159 -22.1% 23 -4.2% $293,000 25.2% $433,400 73.4% $9,969,000 66.1%

Condo 301 37.7% 1 -80.0% $123,500 -50.6% $123,500 -40.1% $124,000 -88.0%

NEW LONDON

1 Family 153 -12.2% 19 0.0% $83,000 -27.8% $130,700 4.8% $2,483,000 4.8%

Condo 144 -18.9% 5 -16.7% $173,500 98.4% $197,900 86.9% $990,000 55.8%

NIANTIC

1 Family 157 17.5% 21 10.5% $247,000 6.5% $320,300 27.2% $6,726,000 40.6%

Condo 130 -44.5% 8 33.3% $197,200 -39.8% $200,200 -25.2% $1,602,000 -0.2%

NORTH STONINGTON

1 Family 146 -58.6% 9 80.0% $198,500 15.4% $185,800 -12.5% $1,672,000 57.6%

All Sales 146 -58.6% 9 80.0% $198,500 15.4% $185,800 -12.5% $1,672,000 57.6%


Q1-2014


New London CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

NORWICH

1 Family 151 -9.0% 57 21.3% $95,000 5.6% $111,600 11.3% $6,360,000 35.0%

Condo 110 -36.3% 15 114.3% $109,000 -24.8% $98,100 -18.2% $1,471,000 75.3%

OAKDALE

1 Family 218 35.4% 10 -58.3% $184,000 -9.6% $176,600 -5.9% $1,766,000 -60.8%

Condo 71 -47.0% 1 0.0% $42,000 -14.3% $42,000 -14.3% $42,000 -14.3%

OLD LYME

1 Family 194 6.1% 22 46.7% $360,000 -14.3% $480,900 11.2% $10,579,000 63.0%

Condo - - - - - - - - - -

PAWCATUCK

1 Family 118 -10.3% 6 -68.4% $230,800 10.9% $246,200 -3.2% $1,477,000 -69.4%

Condo 68 -83.9% 2 100.0% $176,800 -24.8% $176,800 -24.8% $354,000 50.4%

PRESTON

1 Family 171 -8.1% 7 -46.2% $95,000 -57.6% $144,100 -34.5% $1,009,000 -64.7%

Condo - - - - - - - - - -

QUAKER HILL

1 Family 192 -5.6% 3 -40.0% $235,900 24.2% $190,800 4.8% $572,000 -37.1%

Condo 180 -53.5% 3 200.0% $229,900 15.0% $223,200 11.7% $670,000 235.0%

SALEM

1 Family 217 66.2% 5 -28.6% $240,000 14.3% $227,700 1.1% $1,139,000 -27.8%

Condo 114 38.2% 1 -50.0% $24,500 -38.7% $24,500 -38.7% $25,000 -69.4%

STONINGTON

1 Family 333 5.0% 8 -27.3% $372,000 11.0% $525,600 51.8% $4,205,000 10.4%

Condo 350 - 2 - $185,000 - $185,000 - $370,000 -

UNCASVILLE

1 Family 107 -34.3% 19 35.7% $140,000 -15.0% $141,100 -15.6% $2,680,000 14.6%

Condo 132 - 3 - $48,000 - $49,300 - $148,000 -

VOLUNTOWN

1 Family 267 54.9% 9 200.0% $240,000 9.1% $219,400 -9.8% $1,974,000 170.6%

Condo - - - - - - - - - -

WATERFORD

1 Family 156 -0.5% 31 19.2% $180,000 -3.7% $207,700 -8.1% $6,440,000 9.6%

Condo 90 -24.4% 2 -33.3% $126,300 35.0% $126,300 32.9% $253,000 -11.4%



Tolland County

Tolland - www.1MonticelloCircle.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.1MonticelloCircle.com

Q1-2014


Tolland County

Tolland County’s condominium market saw healthy growth in the first quarter. Total dollar volume in sales reached $47,460,000, up 6.0% for single families and $5,349,000 for condominiums, up 92.9% when compared to First Quarter 2013. The average sale price of single family homes was $227,100, up 1.5%, and the average for condominiums was $172,600, up 36.9%. Median rental prices showed a 4.3% increase at $1,200 per month versus $1,400 per month across the State.

Q1 2014 240 104

Q4 2013 326 94

Q3 2013 451 67

Q2 2013 381 95

Q1 2013 222 94

Q4 2012 335 94

Q3 2012 369 86

Q2 2012 376 94

Q1 2012 197 108

Number of Sales

Avg. Days on Market


Q1 2013


Q1 2014


Q1 2013


Q1 2014



0

50000

100000

150000

200000

250000

300000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Aver

age

and

Med

ian

Sale

s Pr

ice

AVERAGE AND MEDIAN SALES PRICE - TOLLAND COUNTY ROLL UP








Q1-2014


Tolland CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

AMSTON

1 Family 136 8.5% 7 40.0% $138,000 10.4% $131,500 -43.1% $920,000 -20.3%

Condo - - - - - - - - - -

ANDOVER

1 Family 213 -8.8% 2 -66.7% $207,000 -28.6% $207,000 -22.7% $414,000 -74.2%

Condo - - - - - - - - - -

BOLTON

1 Family 152 -22.9% 14 75.0% $258,800 14.0% $296,700 19.0% $4,153,000 108.2%

Condo - - - - - - - - - -

COLUMBIA

1 Family 257 18.0% 4 -55.6% $240,200 51.1% $230,000 34.7% $920,000 -40.1%

Condo - - - - - - - - - -

COVENTRY

1 Family 154 -8.9% 37 76.2% $219,000 37.7% $215,400 15.5% $7,969,000 103.5%

Condo 659 113.3% 1 0.0% $192,400 -0.5% $192,400 -0.5% $192,000 -0.5%

ELLINGTON

1 Family 140 -4.1% 14 -22.2% $320,500 25.7% $399,500 31.5% $5,593,000 2.3%

Condo 158 141.8% 5 150.0% $111,900 5.1% $164,000 54.0% $820,000 284.9%

HEBRON

1 Family 202 138.3% 6 50.0% $287,500 31.3% $269,700 -5.1% $1,618,000 42.4%

Condo 173 - 4 - $276,700 - $257,800 - $1,031,000 -

MANSFIELD CENTER

1 Family 233 11.9% 7 16.7% $125,000 -29.2% $132,100 -39.9% $925,000 -29.9%

Condo 72 -50.7% 2 100.0% $209,500 58.1% $209,500 58.1% $419,000 216.2%

SOMERS

1 Family 155 1.0% 15 -31.8% $262,500 -7.8% $279,100 -3.5% $4,186,000 -34.2%

Condo 157 15.9% 1 -50.0% $145,000 -61.3% $145,000 -61.3% $145,000 -80.6%

STAFFORD SPRINGS

1 Family 179 6.9% 23 15.0% $147,500 -20.2% $143,100 -23.5% $3,291,000 -12.0%

Condo 198 13.5% 1 -83.3% $113,000 15.3% $113,000 14.7% $113,000 -80.9%

STORRS MANSFIELD

1 Family 136 -4.6% 11 120.0% $269,000 13.5% $272,900 14.2% $3,002,000 151.2%

Condo - - - - - - - - - -

TOLLAND

1 Family 161 6.9% 24 -22.6% $229,900 2.6% $260,400 0.7% $6,250,000 -22.1%

Condo 1133 - 1 - $406,200 - $406,200 - $406,000 -

UNION

1 Family 220 103.7% 1 -66.7% $213,000 -4.9% $213,000 -8.4% $213,000 -69.5%

Condo - - - - - - - - - -

VERNON

1 Family 221 50.0% 36 0.0% $181,000 14.1% $181,500 16.9% $6,533,000 16.9%

Condo 172 44.2% 14 55.6% $105,000 50.0% $136,400 47.6% $1,910,000 129.6%

WILLINGTON

1 Family 124 34.5% 7 16.7% $203,000 32.0% $200,400 17.0% $1,403,000 36.5%

Condo 80 - 1 - $168,000 - $168,000 - $168,000 -



Windham County

Woodstock - www.66MillBrookLane.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.66MillBrookLane.com

Q1-2014


Windham County

Windham County’s real estate market remained stable in the first quarter of the year. Total dollar volume in sales showed consistency year-over-year reaching $26,922,000 for single families. Average prices of single family homes was $159,300, up 2.9%, and averages for condominiums was $127,900, up 13.2%. Median rental prices increased to $1,200 per month versus $1,400 per month across the State.

Q1 2014 185 99

Q4 2013 265 107

Q3 2013 293 95

Q2 2013 285 93

Q1 2013 182 106

Q4 2012 246 112

Q3 2012 266 101

Q2 2012 245 94

Q1 2012 160 119

Number of Sales

Avg. Days on Market


Q1 2013


Q1 2014


Q1 2013


Q1 2014



0

20000

40000

60000

80000

100000

120000

140000

160000

180000

Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014

Aver

age

and

Med

ian

Sale

s Pr

ice

AVERAGE AND MEDIAN SALES PRICE - WINDHAM COUNTY ROLL UP








Q1-2014


Windham CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

ASHFORD

1 Family 173 1.2% 7 -12.5% $145,000 -21.9% $180,200 -10.0% $1,261,000 -21.3%

Condo - - - - - - - - - -

BROOKLYN

1 Family 137 -31.9% 21 40.0% $150,000 -29.4% $158,700 -17.3% $3,334,000 15.7%

Condo 623 - 2 - $241,800 - $241,800 - $484,000 -

CANTERBURY

1 Family 110 -43.6% 8 0.0% $162,000 -3.9% $212,100 14.6% $1,697,000 14.6%

Condo - - - - - - - - - -

CHAPLIN

1 Family 185 -26.1% 2 -33.3% $85,000 -59.5% $85,000 -61.5% $170,000 -74.4%

Condo - - - - - - - - - -

DANIELSON

1 Family 131 -20.7% 22 0.0% $142,500 15.7% $148,800 22.4% $3,274,000 22.4%

Condo 58 -85.3% 1 -50.0% $55,000 -52.0% $55,000 -52.0% $55,000 -76.0%

DAYVILLE

1 Family 225 42.3% 9 50.0% $126,000 -17.8% $136,000 -13.4% $1,224,000 29.9%

Condo 431 - 3 - $145,000 - $142,800 - $428,000 -

EASTFORD

1 Family 163 12.0% 3 200.0% $144,900 -30.7% $153,600 -26.5% $461,000 120.5%

Condo - - - - - - - - - -

HAMPTON

1 Family 375 213.5% 3 50.0% $228,000 8.8% $204,200 -2.5% $613,000 46.2%

Condo - - - - - - - - - -

MOOSUP

1 Family 160 2.2% 9 -10.0% $147,500 -1.0% $156,700 3.8% $1,410,000 -6.6%

Condo - - - - - - - - - -

NORTH GROSVENORDALE

1 Family 132 -7.9% 6 100.0% $134,000 135.1% $144,300 47.7% $866,000 195.4%

Condo 39 - 1 - $114,900 - $114,900 - $115,000 -

NORTH WINDHAM

1 Family 102 -59.6% 5 0.0% $78,000 -4.9% $83,100 13.3% $415,000 13.3%

Condo - - - - - - - - - -

PLAINFIELD

1 Family 127 14.1% 15 7.1% $145,000 75.8% $147,600 27.6% $2,214,000 36.7%

Condo 87 1.2% 2 100.0% $75,000 -51.3% $75,000 -51.3% $150,000 -2.6%

POMFRET CENTER

1 Family 140 -27.7% 4 -50.0% $219,000 22.0% $196,800 -6.9% $787,000 -53.4%

Condo 120 - 1 - $51,500 - $51,500 - $52,000 -

PUTNAM

1 Family 171 -16.3% 16 33.3% $153,800 36.7% $163,300 48.3% $2,613,000 97.8%

Condo 185 338.9% 3 50.0% $136,000 43.2% $134,500 41.7% $404,000 112.5%

STERLING

1 Family 130 36.4% 9 12.5% $140,000 55.3% $171,200 4.5% $1,541,000 17.5%

Condo - - - - - - - - - -


Q1-2014


Windham CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

QTR 12014

%CHG13-14

THOMPSON

1 Family 60 -64.0% 4 -42.9% $150,100 -6.2% $131,000 -13.4% $524,000 -50.5%

Condo - - - - - - - - - -

WILLIMANTIC

1 Family 152 21.9% 12 -36.8% $116,500 7.9% $117,300 7.9% $1,408,000 -31.9%

Condo 205 91.6% 1 0.0% $103,000 -1.9% $103,000 -1.9% $103,000 -1.9%

WINDHAM

1 Family 221 -53.8% 1 -66.7% $60,000 -69.2% $60,000 -64.7% $60,000 -88.2%

Condo - - - - - - - - - -

WOODSTOCK

1 Family 86 -47.6% 10 -41.2% $203,000 -4.7% $238,000 3.3% $2,380,000 -39.2%

Condo 176 - 2 - $128,100 - $128,100 - $256,000 -

WOODSTOCK VALLEY

1 Family 128 -48.5% 1 -66.7% $275,000 69.2% $275,000 83.9% $275,000 -38.7%

Condo - - - - - - - - - -


BHHS New England Properties 2014 Q1 Connecticut Market Report

Documents

Transcript of BHHS New England Properties 2014 Q1 Connecticut Market Report