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Fairfield County Real Estate Market Activity through September 2014

MARS-header - September 2014

Summary

YTD Sales (SF) through September 2014 vs. 2013 were down in Westport (-19.6%), Weston (-12.3%), Wilton (-13%), Fairfield (-8.1%), Southport up (+2%), Norwalk down (-7.1%), Rowayton up (+7.3%), Easton up (+29.9%), Greenwich up (+0.6%).

Average Sales Price vs. last year was up in Westport (+2%), Weston (+1.8%), Wilton (+5%), Fairfield (+1.5%), Southport down (-6.1%), Norwalk up (+0.5%), Rowayton up (5.6%), Easton up (+5.4%).

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

September YTD sales of 292 are running -19.6% behind last year’s year-to-date sales of 363. September Property sales were 26, down -33.3% from 39 in September of 2013 and -48.0% lower than the 50 sales last month. September 2014 sales were at a mid-level compared to September of 2013 and 2012.

Average sales price: $1,569,028 (+2%)

Weston

September YTD sales of 121 are running -12.3% behind last year’s year-to-date sales of 138. September Property sales were 6, down -62.5% from 16 in September of 2013 and -71.4% lower than the 21 sales last month. September 2014 sales were at their lowest level compared to September of 2013 and 2012.

Average sales price: $882,423 (+1.8%)

Wilton

September YTD sales of 181 are running -13.0% behind last year’s year-to-date sales of 208. September Property sales were 16, down -15.8% from 19 in September of 2013 and -44.8% lower than the 29 sales last month. September 2014 sales were at a mid-level compared to September of 2013 and 2012.

Average sales price: $937,921 (+5%)

Fairfield

September YTD sales of 520 are running -8.1% behind last year’s year-to-date sales of 566. September Property sales were 50, down -3.8% from 52 in September of 2013 and -35.9% lower than the 78 sales last month. September 2014 sales were at a mid-level compared to September of 2013 and 2012.

Average sales price: $723,999 (+1.5%)

Southport

September YTD sales of 50 are running 2.0% ahead of last year’s year-to-date sales of 49. September Property sales were 6, equal to 6 in September of 2013 and -14.3% lower than the 7 sales last month. September 2014 sales were at a mid level compared to September of 2013 and 2012.

Average sales price: $1,127,002 (-6.1%)

Norwalk

September YTD sales of 448 are running -7.1% behind last year’s year-to-date sales of 482. September Property sales were 38, down -20.8% from 48 in September of 2013 and -45.7% lower than the 70 sales last month. September 2014 sales were at a mid-level compared to September of 2013 and 2012.

Average sales price: $562,072 (+0.5%)

Rowayton

September YTD sales of 59 are running 7.3% ahead of last year’s year-to-date sales of 55. September Property sales were 3, down -50.0% from 6 in September of 2013 and -72.7% lower than the 11 sales last month. September 2014 sales were at a mid level compared to September of 2013 and 2012.

Average sales price: $1,220,747 (+5.6%)

Easton

September YTD sales of 87 are running +29.9% ahead of last year’s year-to-date sales of 67. September Property sales were 12, up 200.0% from 4 in September of 2013 and 20.0% higher than the 10 sales last month. September 2014 sales were at their highest level compared to September of 2013 and 2012.

Average sales price: $644,022 (+5.4%)

Greenwich

September YTD sales of 333 are running 0.6% ahead of last year’s year-to-date sales of 331. September Property sales were 19, down -17.4% from 23 in September of 2013 and -59.6% lower than the 47 sales last month. September 2014 sales were at their lowest level compared to September of 2013 and 2012.