Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2...

18
Connecticut Market Report First Quarter 2019 2019 125 MASON STREET, GREENWICH, CT 06830 | (203) 869-8100 HALSTEAD CONNECTICUT, LLC Connecticut | Hamptons | New York City | New Jersey | Hudson Valley

Transcript of Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2...

Page 1: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

Connecticut Market Report

First Quarter 2019 2019

125 MASON STREET, GREENWICH, CT 06830 | (203) 869-8100

HALSTEAD CONNECTICUT, LLC

Connecticut | Hamptons | New York City | New Jersey | Hudson Valley

Page 2: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

2

Greenwich Closed: First Quarter Houses Condos

Average Closed Price: First Quarter

Greenwich House Listings Inventory

Greenwich Overview

Houses Condos

Houses

2019 2018 % CHANGE

Houses: Closings in First Quarter 39 60 -35%

Houses: Average Closing Price First Quarter $2,466,920 $2,928,397 -15.8%

Houses: Pending on March 31st 21 32 -34.4%

Houses: Inventory on March 31st 421 384 +9.6%

Condos: Closings First Quarter 24 23 +4.3%

Condos: Average Closing Price First Quarter $1,056,354 $830,447 +27.2%

Condos: Pending on March 31st 12 12 0%

Condos: Inventory on March 31st 104 114 -8.8%

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$2,461,175

$2,678,257

$3,021,495

$2,966,500

$2,752,120

$2,883,863

$2,928,397

$2,466,920

$850,441

$716,523

$817,875

$985,714

$999,638

$963,893

$830,447

$1,056,354

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Page 3: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

3

Cos Cob Closed: First Quarter Houses

Average Closed Price: First Quarter

Cos Cob House Listings Inventory

Cos Cob Overview

Houses

Houses

First Quarter 2019

$1,296,091

$1,209,338

$1,458,125

$1,489,656

$1,302,767

$1,285,611

$1,464,397

$1,520,000

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2019 2018 % CHANGE

Houses: Closings in First Quarter 9 14 -35.7%

Houses: Average Closing Price First Quarter $1,520,000 $1,464,397 +3.8%

Houses: Pending on March 31st 2 8 -75%

Houses: Inventory on March 31st 49 57 -14%

Condos: Closings First Quarter 4 4 0%

Condos: Average Closing Price First Quarter $606,500 $766,225 -20.8%

Condos: Inventory on March 31st 12 12 0%

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Page 4: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

4

Riverside Closed: First Quarter Houses

Average Closed Price: First Quarter

Riverside House Listings Inventory

Riverside Overview

Houses

Houses

2019 2018 % CHANGE

Houses: Closings in First Quarter 7 14 -50%

Houses: Average Closing Price First Quarter $2,082,429 $2,925,214 -28.8%

Houses: Pending on March 31st 8 11 -27.3%

Houses: Inventory on March 31st 89 90 -1.1%

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$2,244,500

$1,877,738

$2,630,079

$3,651,923

$2,002,321

$2,260,216

$2,925,214

$2,082,429

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Page 5: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

5

Old Greenwich Closed: First Quarter Houses Condos

Average Closed Price: First Quarter

Old Greenwich House Listings Inventory

Old Greenwich Overview

Houses Condos

Houses

First Quarter 2019

2019 2018 % CHANGE

Houses: Closings in First Quarter 19 14 +35.7%

Houses: Average Closing Price First Quarter $2,416,377 $2,464,321 -1.9%

Houses: Pending on March 31st 8 10 -20%

Houses: Inventory on March 31st 73 71 +2.8%

Condos: Closings First Quarter 4 4 0%

Condos: Average Closing Price First Quarter $472,625 $492,750 -4.1%

Condos: Inventory on March 31st 10 9 +11.1%

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$2,272,458

$1,991,160

$1,890,769

$1,526,124

$2,137,633

$2,377,643

$2,464,321

$2,416,377

$435,000

$295,167

$678,833

$621,100

$531,250

$573,700

$492,750

$472,625

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Page 6: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

6

Stamford Closed: First Quarter Houses Condos

Average Closed Price: First Quarter

Stamford Listings Inventory

Stamford Overview

First Quarter 2019

Houses Condos

Houses Condos

2019 2018 % CHANGE

Houses: Closings in First Quarter 120 153 -21.6%

Houses: Average Closing Price First Quarter $565,948 $651,123 -13.1%

Houses: Pending on March 31st 59 60 -1.7%

Houses: Inventory on March 31st 380 374 +1.6%

Condos: Closings First Quarter 105 147 -28.6%

Condos: Average Closing Price First Quarter $340,123 $355,288 -4.3%

Condos: Pending on March 31st 50 46 +8.7%

Condos: Inventory on March 31st 265 269 -1.5%

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$644,160

$611,573

$670,989

$635,445

$638,239

$686,846

$651,123

$565,948

$325,054

$274,841

$308,421

$292,392

$344,001

$303,412

$355,288

$340,123

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Page 7: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

7

Darien Closed: First Quarter Houses

Average Closed Price: First Quarter

Darien House Listings Inventory

Darien Overview

Houses

First Quarter 2019

2019 2018 % CHANGE

Houses: Closings in First Quarter 42 40 +5%

Houses: Average Closing Price First Quarter $1,335,018 $1,444,751 -7.6%

Houses: Pending on March 31st 20 32 -37.5%

Houses: Inventory on March 31st 240 262 -8.4%

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$1,260,461

$1,410,760

$1,430,724

$1,723,826

$2,011,031

$1,611,319

$1,444,751

$1,335,018

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Page 8: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

8

New Canaan Closed: First Quarter

Average Closed Price: First Quarter

New Canaan House Listing Inventory

New Canaan Overview

Houses Condos

Houses

CondosHouses

2019 2018 % CHANGE

Houses: Closings in First Quarter 42 35 +20%

Houses: Average Closing Price First Quarter $1,338,649 $1,893,010 -29.3%

Houses: Pending on March 31st 22 28 -21.4%

Houses: Inventory on March 31st 301 301 0%

Condos: Closings First Quarter 7 12 -41.7%

Condos: Average Closing Price First Quarter $689,857 $732,202 -5.8%

Condos: Pending on March 31st 2 3 -33.3%

Condos: Inventory on March 31st 41 41 0%

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$1,346,755

$1,387,054

$1,865,723

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$1,816,324

$1,646,358

$1,893,010

$1,338,649

$659,583

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$745,273

$561,771

$732,202

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Page 9: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

9

Norwalk Closed: First Quarter Houses Condos

Average Closed Price: First Quarter

Norwalk Listings Inventory

Norwalk Overview

Houses Condos

Houses Condos

2019 2018 % CHANGE

Houses: Closings in First Quarter 101 106 -4.7%

Houses: Average Closing Price First Quarter $578,940 $566,295 +2.2%

Houses: Pending on March 31st 43 66 -34.8%

Houses: Inventory on March 31st 335 321 +4.4%

Condos: Closings First Quarter 58 75 -22.7%

Condos: Average Closing Price First Quarter $333,994 $260,398 +28.3%

Condos: Pending on March 31st 16 24 -33.3%

Condos: Inventory on March 31st 98 132 -25.8%

First Quarter 2019

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$257,561

$245,804

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Page 10: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

10

Rowayton Closed: First Quarter Houses

Average Closed Price: First Quarter

Rowayton House Listings Inventory

Rowayton Overview

First Quarter 2019

Houses

2019 2018 % CHANGE

Houses: Closings in First Quarter 11 11 0%

Houses: Average Closing Price First Quarter $1,173,182 $1,039,825 +12.8%

Houses: Pending on March 31st 5 7 -28.6%

Houses: Inventory on March 31st 65 66 -1.5%

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$1,238,038

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$960,219

$1,322,188

$1,371,547

$1,134,267

$1,039,825

$1,173,182

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Page 11: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

11

Wilton Closed: First Quarter Houses Condos

Average Closed Price: First Quarter

Wilton House Listings Inventory

Wilton Overview

Houses Condos

2019 2018 % CHANGE

Houses: Closings in First Quarter 40 34 +17.6%

Houses: Average Closing Price First Quarter $768,875 $834,908 -7.9%

Houses: Pending on March 31st 15 15 0%

Houses: Inventory on March 31st 208 189 +10.1%

Condos: Closings First Quarter 3 4 -25%

Condos: Average Closing Price First Quarter $241,633 $204,875 +17.9%

Condos: Inventory on March 31st 14 9 +55.6%

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Page 12: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

12

Westport Closed: First Quarter Houses Condos

Average Closed Price: First Quarter

Westport House Listings Inventory

Westport Overview

First Quarter 2019

Houses Condos

2019 2018 % CHANGE

Houses: Closings in First Quarter 46 84 -45.2%

Houses: Average Closing Price First Quarter $1,291,595 $1,535,635 -15.9%

Houses: Pending on March 31st 39 53 -26.4%

Houses: Inventory on March 31st 366 384 -4.7%

Condos: Closings First Quarter 5 5 0%

Condos: Average Closing Price First Quarter $566,700 $728,800 -22.2%

Condos: Inventory on March 31st 17 12 +41.7%

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Page 13: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

13

2019 2018 % CHANGE

Houses: Closings in First Quarter 27 23 +17.4%

Houses: Average Closing Price First Quarter $640,685 $728,930 -12.1%

Houses: Pending on March 31st 16 15 +6.7%

Houses: Inventory on March 31st 140 151 -7.3%

Weston Closed: First Quarter Houses

Average Closed Price: First Quarter

Weston House Listings Inventory

Weston Overview

Houses

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$628,697

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Page 14: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

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Fairfield Closed: First Quarter Houses Condos

Average Closed Price: First Quarter

Fairfield House Listings Inventory

Fairfield Overview

First Quarter 2019

Houses Condos

Houses

2019 2018 % CHANGE

Houses: Closings in First Quarter 142 131 +8.4%

Houses: Average Closing Price First Quarter $724,548 $766,770 -5.5%

Houses: Pending on March 31st 68 70 -2.9%

Houses: Inventory on March 31st 500 461 +8.5%

Condos: Closings First Quarter 26 21 +23.8%

Condos: Average Closing Price First Quarter $410,484 $497,333 -17.5%

Condos: Inventory on March 31st 64 56 +14.3%

Active inventory from Connecticut Smart MLS and includes Active and Show status.

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Page 15: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

15

Ridgefield Closed: First Quarter

Average Closed Price: First Quarter

Ridgefield Listings Inventory

Ridgefield Overview

Houses Condos

Houses

2019 2018 % CHANGE

Houses: Closings in First Quarter 48 48 0%

Houses: Average Closing Price First Quarter $706,566 $672,892 +5%

Houses: Pending on March 31st 28 31 -9.7%

Houses: Inventory on March 31st 226 236 -4.2%

Condos: Closings First Quarter 11 15 -26.7%

Condos: Average Closing Price First Quarter $268,955 $315,667 -14.8%

Condos: Inventory on March 31st 32 23 +39.1%

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Page 16: Connecticut 2019 Market Reportmedia.halstead.com/pdf/1Q19ConnecticutMR.pdf · 2019-04-08 · 2 Greenwich Closed: First Quarter Houses Condos Average Closed Price: First Quarter Greenwich

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Easton Closed: First Quarter Houses

Average Sold Price: First Quarter

Easton House Listings Inventory

Easton Overview

Houses

First Quarter 2019

2019 2018 % CHANGE

Houses: Closings in First Quarter 21 23 -8.7%

Houses: Average Closing Price First Quarter $604,967 $550,683 +9.9%

Houses: Pending on March 31st 14 9 +55.6%

Houses: Inventory on March 31st 78 106 -26.4%

Active inventory from Connecticut Smart MLS and includes Active and Show status.

Houses

1113 12

19

27

13

2321

0

5

10

15

20

25

30

2012 2013 2014 2015 2016 2017 2018 2019

$513,182

$494,173

$542,167

$615,358

$734,268

$601,631

$550,683

$604,967

$0 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000

2012

2013

2014

2015

2016

2017

2018

2019

2017 2018 20192016

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17

2019 2018 % CHANGE

Houses: Closings in First Quarter 17 21 -19%

Houses: Average Closing Price First Quarter $454,676 $534,890 -15%

Houses: Pending on March 31st 17 10 +70%

Houses: Inventory on March 31st 84 95 -11.6%

Redding Closed: First Quarter Houses

Average Closed Price: First Quarter

Redding House Listings Inventory

Redding Overview

Houses

First Quarter 2019

Houses

10

19

13

24 2426

21

17

0

5

10

15

20

25

30

2012 2013 2014 2015 2016 2017 2018 2019

$462,320

$442,686

$526,923

$573,756

$1,121,208

$444,808

$534,890

$454,676

$0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000

2012

2013

2014

2015

2016

2017

2018

2019

0

50

100

150

200

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug

Sep

Oct

Nov Dec Jan

Feb

Mar

2017 2018 20192016

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18

Town Comparison: First Quarter (Single Family Homes)

All data sourced from Connecticut Smart MLS

and Greenwich MLS.

Actives from the Connecticut Smart MLS

include Active and Show status. Actives

from the Greenwich MLS include Active and

Contingent Contract status.

©2019 Halstead Connecticut, LLC.

All Rights Reserved. This information may not be copied, commercially used or distributed without Halstead’s prior consent. While information is believed true, no guaranty is made of accuracy.

Halstead Offices/Market Reports

Lower Fairfield County

Town # of Sold Houses % change Median Selling Price % change

2019 2018 2019 2018

Darien 42 40 +5% $1,335,018 $1,444,751 -7.6%

Easton 21 23 -8.7% $604,967 $550,683 +9.9%

Fairfield 142 131 +8.4% $724,548 $766,770 -5.5%

All of Greenwich 74 102 -27.5% $2,302,406 $2,663,322 -13.6%

New Canaan 42 35 +20% $1,338,649 $1,893,010 -29.3%

Norwalk 101 106 -4.7% $578,940 $566,295 +2.2%

Redding 17 21 -19% $454,676 $534,890 -15%

Ridgefield 48 48 0% $706,566 $672,892 +5%

Rowayton* 11 11 0% $1,173,182 $1,039,825 +12.8%

Stamford 120 153 -21.6% $565,948 $651,123 -13.1%

Weston 27 23 +17.4% $640,685 $728,930 -12.1%

Westport 46 84 -45.2% $1,291,595 $1,535,635 -15.9%

Wilton 40 34 +17.6% $768,875 $834,908 -7.9%

First Quarter 2019

*Rowayton solds data also included in Norwalk.

RIDGEFIELD-4%

REDDING-12%

EASTON-26%

WESTON-7%

WILTON+10%

FAIRFIELD+9%

WESTPORT-5%

NORWALK+4%

NEW CANAAN

0%

DARIEN-8%

STAMFORD+2%

GREENWICH+5%

Single Family House Inventory Supply

March 2019 vs. March 2018 At the end of March the supply of active single family houses in Lower Fairfield County, collectively, was almost identical to the supply at the same time last year, with just a .1% change.. The map to the right shows the year-over-year change in number of active houses for each town at the end of March, 2019 as it compares to March, 2018.

ROWAYTON-2%