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Fairfield County Real Estate Market Activity through June 2014

MAR-Header - June 2014

Summary

YTD Sales (SF) through June 2014 vs. 2013 are down in Westport (-19.8%), Weston (-18.2%), Wilton (-13.6%), up in Fairfield (+7.8%) and Southport (+73.7%), down in Norwalk (-11.4%) and Rowayton (-5.4%) and up in Easton (+23.3%) and Greenwich (+3%).

Average Sales Price vs. last year; down in Westport (-5.5%), up in Weston (+5.5%), Wilton (+7.2%), Fairfield (+5.2%), down in Southport (-6%), up in Norwalk (+2.1%) and  Rowayton (+10.3%) and down in Easton (-4.1%).

For detailed Market Action Reports for each town, showing market trends for the past 2 plus years, including property sales, prices, inventory, days on market, sales price vs. list price, price per square foot, go to my market data report page.

Westport

June YTD sales of 170 are running -19.8% behind last year’s year-to-date sales of 212. June Property sales were 39, down -20.4% from 49 in June of 2013 and -2.5% lower than the 40 sales last month. June 2014 sales were at their lowest level compared to June of 2013 and 2012.

Average sales price: $1,539,647 (-5.5%)

Weston

June YTD sales of 63 are running -18.2% behind last year’s year-to-date sales of 77. June Property sales were 19, down -34.5% from 29 in June of 2013 and 18.8% higher than the 16 sales last month. June 2014 sales were at their lowest level compared to June of 2013 and 2012.

Average sales price: $932,352 (+5.5%)

Wilton

June YTD sales of 108 are running -13.6% behind last year’s year-to-date sales of 125. June Property sales were 37, equal to 37 in June of 2013 and 76.2% higher than the 21 sales last month. June 2014 sales were at a mid level compared to June of 2013 and 2012.

Average sales price: $926,039 (+7.2%)

Fairfield

June YTD sales of 318 are running 7.8% ahead of last year’s year-to-date sales of 295. June Property sales were 88, up 10.0% from 80 in June of 2013 and 27.5% higher than the 69 sales last month. June 2014 sales were at their highest level compared to June of 2013 and 2012.

Average sales price: $729,096 (+5.2%)

Southport

June YTD sales of 33 are running 73.7% ahead of last year’s year-to-date sales of 19. June Property sales were 9, up 50.0% from 6 in June of 2013 and equal to 0.0% 9 sales last month. June 2014 sales were at their highest level compared to June of 2013 and 2012.

Average sales price: $1,247,606 (-6%)

Norwalk

June YTD sales of 273 are running -11.4% behind last year’s year-to-date sales of 308. June Property sales were 76, up 4.1% from 73 in June of 2013 and 40.7% higher than the 54 sales last month. June 2014 sales were at their highest level compared to June of 2013 and 2012.

Average sales price: $556,957 (+2.1%)

Rowayton

June YTD sales of 35 are running -5.4% behind last year’s year-to-date sales of 37. June Property sales were 14, up 40.0% from 10 in June of 2013 and 133.3% higher than the 6 sales last month. June 2014 sales were at their highest level compared to June of 2013 and 2012.

Average sales price: $1.211.543 (+10.3%)

Easton

June YTD sales of 53 are running 23.3% ahead of last year’s year-to-date sales of 43. June Property sales were 21, up 110.0% from 10 in June of 2013 and 110.0% higher than the 10 sales last month. June 2014 sales were at their highest level compared to June of 2013 and 2012.

Average sales price: $618,557 (-4.1%)

Greenwich

June YTD sales of 207 are running 3.0% ahead of last year’s year-to-date sales of 201. June Property sales were 61, up 7.0% from 57 in June of 2013 and 38.6% higher than the 44 sales last month. June 2014 sales were at their highest level compared to June of 2013 and 2012.