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Fairfield County Real Estate Market Activity – Year End 2013

Summary

Sales (SF) for 2013 were up across the board vs. 2012; Westport (+28.4%), Weston (+30.6%), Wilton (+17.1%), Fairfield (+16.6%), Southport (+28.8%), Norwalk (+22%), Rowayton (+13.3%).

Average Sales Price vs. last year is up in Westport (+8.6%), Weston (+4%), Wilton (+16%), Fairfield (+11%), Southport (+42%), Norwalk (+3.4%), Rowayton (-9.7%).

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

Sales in 2013 of 466 were 28.4% ahead of 2012 sales of 363. Average Sale Price: $1,550,892 increased by 11.5%. December Property sales were 43, up 34.4% from 32 in December of 2012 and 87.0% higher than the 23 sales last month. December 2013 sales were at their highest level compared to December of 2012 and 2011.

Average Sale Price: $1,533,045 increased by 8.6%

Weston

Sales in 2013 of 175 were 30.6% ahead of 2012 sales of 134. December Property sales were 20, up 42.9% from 14 in December of 2012 and 100.0% higher than the 10 sales last month. December 2013 sales were at their highest level compared to December of 2012 and 2011.

Average Sale Price: $856,913 increased by 4%

Wilton

Sales of 260 in 2013 were 17.1% ahead of 2012 sales of 222. Average Sale Price: $899,944 increased by 13.1%December Property sales were 23, up 109.1% from 11 in December of 2012 and 35.3% higher than the 17 sales last month. December 2013 sales were at their highest level compared to December of 2012 and 2011.

Average Sale Price: $919,044 increased by 16%

Fairfield

Sales in 2013 of 723 were 16.6% ahead of 2012 sales of 620. December Property sales were 58, up 31.8% from 44 in December of 2012 and 1.8% higher than the 57 sales last month. December 2013 sales were at their highest level compared to December of 2012 and 2011.

Average Sale Price: $746,233 increased by 11.0%

Southport

Sales in 2013 of 67 were 28.8% ahead of 2012 sales of 52. December Property sales were 7, up 133.3% from 3 in December of 2012 and -12.5% lower than the 8 sales last month. December 2013 sales were at their highest level compared to December of 2012 and 2011.

Average Sale Price: $1,546,822 increased by 42%

Norwalk

Sales in 2013 of 622 were 22.0% ahead of 2012 sales of 510. December Property sales were 49, up 22.5% from 40 in December of 2012 and 14.0% higher than the 43 sales last month. December 2013 sales were at their highest level compared to December of 2012 and 2011.

Average Sale Price: $560,850 increased by 3.4%

Rowayton

Sales in 2013 of 68 were 13.3% ahead of 2012 sales of 60. December Property sales were 7, equal to 7 in December of 2012 and 75.0% higher than the 4 sales last month. December 2013 sales were at a mid-level compared to December of 2012 and 2011.