First Quarter 2016 Connecticut Market Report · in Connecticut, there have been an influx of luxury rentals across the state ready for spring 2016 occupancy. Developers are also looking

First Quarter 2016Connecticut Market Report

In ThIs IssueBerkshire hathaway homeservices new england Properties

ranked sixth in sales volume for top 50 companies at national Convention!

ct market report • 2

Welcome to Berkshire Hathaway HomeServices New England Properties’ First Quarter 2016 Connecticut Market Report, our examination of the single family and condominium markets throughout Connecticut.

At the end of the First Quarter, unit sales and sales volume were up significantly for both single family homes and condominiums. Sales for single family homes jumped 17.28% and sales volume rose 10.59% year over year (YOY) while average price decreased 5.70%. Every county experienced increases in the number of sales this quarter when compared to last year. Windham County saw the largest increase in closings with a 50% increase year over year, while Hartford County sold the most units in the first quarter with 1,425 homes. Condominium sales increased by 6.87% and sales volume rose 5.09% while average price decreased by 1.66%. Middlesex and Tolland Counties experienced gains in average sales price (12.3% and 16.2% respectively) as well as number of sales. Across the state, lower prices spurred sales and kept the average days on market for a home consistent year over year.

According to the National Association of Realtors® Home Buyer and Seller Generational Trends study, the share of millennials buying in an urban or central city area decreased to 17% and the majority of buyers in all generations purchased homes in suburban areas Read More. Millennial buyers are also researching homes online and utilizing home value estimators in their search to aid in negotiations. In the First Quarter, these buyers purchased more homes at lower price points in Connecticut, on trend with the rest of the nation. Homes priced below the average in each market are moving quickly as demand is high and inventory continues to be low in most of the state. Homeowners looking to sell at or below the average in their market should consider listing their home early in the second quarter to satisfy these buyer’s needs.

Buyers not purchasing at this time are gravitating towards luxury rentals close to shopping, restaurants and outdoor entertainment. As reported by the Joint Center for Housing Studies of Harvard University, 37% of all households nationwide rent, the highest level since the mid-1960s. While millennial households make up the largest share, households aged 40 and over now account for the majority of all renters Read More. In order to meet these demands in Connecticut, there have been an influx of luxury rentals across the state ready for spring 2016 occupancy. Developers are also looking to build additional multifamily housing as evidenced by an increase in permits approved for buildings with over five residences in the First Quarter. Additionally, luxurious single family homes in Fairfield and Litchfield Counties have been listed for rent and successful in finding renters for $10,000+ per month.

At Berkshire Hathaway HomeServices New England Properties, our mission is to provide an unparalleled customer service experience throughout all aspects of the home transaction process. If you have any questions regarding this report, Berkshire Hathaway HomeServices New England Properties Realtors®are here to help you navigate the current market with expert knowledge and exceptional service. Candace Adams

President/CEO

Prepared by:

Candace Adams, President/CEO, [email protected] Redican, Director of Marketing, [email protected]

http://www.realtor.org/news-releases/2016/03/nar-generational-survey-millennials-increasingly-buying-in-suburban-areas.

http://www.jchs.harvard.edu/sites/jchs.harvard.edu/files/introduction_and_summary_from_americas_rental_housing_2015_web.pdf

mailto:[email protected]

mailto:[email protected]

ct market report • 3

ContentsCONNECTICUT OvERvIEW

THE LUxURY MARkET

FAIRFIELD COUNTY

HARTFORD COUNTY

LITCHFIELD COUNTY

MIDDLESEx COUNTY

NEW HAvEN COUNTY

NEW LONDON COUNTY

TOLLAND COUNTY

WINDHAM COUNTY

Cover Photo: Greenwich566RoundHillRd.bhhsNEproperties.com

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, 2016, 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.

A PEEK INSIDE

IN thE NEwS Berkshire Hathaway HomeServices New England Properties ranked

sixth in sales volume for top 50 companies at the Berkshire Hathaway HomeServices National Convention in Dallas, Texas.

Berkshire Hathaway HomeServices New England Properties ranked 3rd in fundraising at the Berkshire Hathaway HomeServices National Convention for the Sunshine kids Foundation raising $232,000 in 2016. Over $2.7 million has been raised in eleven years to support kids with cancer.

45 Forest Dr., Essex | $3,250,000 | Angela Ruel, 860-575-0754 This grand lakefront compound was created to inspired pure joy for the child in all of us. Masterfully designed on 32 landscaped acres, it was once the site of the second oldest Boy Scout camp in the nation and you will find touches throughout that that have stood the test of time. On over 1,000 feet of private lakefront on pristine Gardner Lake, the property offers a sandy beach, dock, two separate guest cottages, and acres of arboretum-quality gardens and water features. The main house is an architectural masterpiece to replicate a modern Adirondack lodge designed for recreation and relaxation in high style with Smart Technology. Amenities include an indoor saltwater pool, commercial kitchen, children’s wading pool, 12 person spa, professionally designed bars, sauna and steam showers, a billiards/gaming room, movie theater, wine cellar and more. 45ForestDrive.com

http://566RoundHillRd.bhhsneproperties.com

http://45forestdrive.com

Connecticut Market Overview Q1-2016

back to table of contents • www.bhhsNEproperties.com ct market report • 4

FIRST QUARTER 2016 BY THE NUMBERS

AVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuMEQTR 12016

%CHG15-16

QTR 12016

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FAIRFIELD CouNty

1 Family $801,800 -0.9% $460,000 2.2% 1193 4.7% 166 -2.1% $956,512,000 3.8%

Condo $348,000 4.1% $245,000 -3.7% 413 0.7% 149 -3.8% $143,737,000 4.9%

HARtFoRD CouNty

1 Family $230,800 1.1% $200,000 5.3% 1425 18.0% 136 4.8% $328,906,000 19.3%

Condo $155,100 -4.6% $135,100 -5.4% 371 9.8% 142 11.3% $57,555,000 4.7%

LItCHFIELD CouNty

1 Family $213,300 -19.7% $167,000 -14.4% 284 1.1% 189 6.6% $60,590,000 -18.9%

Condo $122,800 2.6% $98,500 1.5% 42 -12.5% 177 -0.7% $5,156,000 -10.2%

MIDDLESEX CouNty

1 Family $295,900 -0.7% $253,000 4.5% 346 22.3% 167 1.1% $102,382,000 21.5%

Condo $178,600 12.3% $131,200 -3.2% 72 10.8% 162 6.9% $12,858,000 24.4%

NEW HAVEN CouNty

1 Family $231,400 2.7% $190,000 1.2% 1187 22.8% 150 1.1% $274,711,000 26.0%

Condo $139,600 -9.3% $114,800 -8.2% 362 17.9% 143 -8.1% $50,540,000 6.9%

NEW LoNDoN CouNty

1 Family $211,900 -6.6% $187,000 -1.6% 546 31.3% 160 6.2% $115,688,000 22.6%

Condo $155,800 -3.4% $130,000 18.2% 65 -15.6% 136 -5.9% $10,126,000 -18.5%

toLLAND CouNty

1 Family $207,200 -7.4% $194,200 -6.2% 230 15.6% 149 4.5% $47,666,000 7.0%

Condo $170,600 16.2% $126,800 6.8% 38 11.8% 155 -12.9% $6,482,000 29.9%

WINDHAM CouNty

1 Family $159,300 -8.7% $152,000 -7.0% 267 50.0% 142 -3.4% $42,538,000 36.9%

Condo $127,500 -12.2% $131,300 -7.2% 22 29.4% 164 -17.2% $2,804,000 13.6%

• Single family homes in Connecticut saw increases in both number of sales and sales volume YOY by 17.28% and 10.59% respectively.

• The condominium market also saw an increase in both number of sales and sales volume YOY 6.87% and 5.09% respectively.

• Average price for single family homes decreased 5.70% and condominiums decreased slightly by 1.66% YOY. Average days on market for single family homes was 154, up 1.39% from Q1 2015 while condominiums were 147, down 1.58%.

• Sales $2-3 in Q1 2016 were the highest with 48 units sold.

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



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Single Family Condominium

CLOSED SALES & CONTRACTS SIGNED

There were 5,478 closed sales for single family homes during First Quarter 2016, up 17.28% YOY. There were 1,385 closed condominium sales during First Quarter 2016, up 6.87% YOY. Pending sales, or contracts signed on single family homes were 7,440, down slightly from 7,774 in Q1 2015, while signed contracts for condominiums went up slightly from 1,932 in Q1 2015 to 2,013 in Q1 2016.

STATEWIDE SALES vOLUME

Sales volume for single family homes was $1,928,993,000, up 10.60% year over year. Sales volume rose most notably in Windham, Middlesex and New London Counties by 36.88%, 26.04%, and 22.63%, respectively year over year. Condominium sales volume was $289,260,000, up 5.12% year over year.

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Statewide Sales Volume

Single Family

Condominium

+10.60%Q1 2016 vs Q1 2015

+5.12%

Q1 2016 vs Q1 2015




HOME PRICES

Median prices for single family homes remained steady and condominiums decreased by 4.20% year over year. Single family home median sale prices were $225,000 in First Quarter 2016 and condominiums were at $148,500. Average sales price is down for single family homes by 5.70% while condominiums decreased slightly 1.66% year over year.

CURRENT INvENTORY

Inventory for single family homes was 9 months this quarter, up from 7.9 months in First Quarter 2015. Inventory for condominiums was 8.5 months, up slightly from 8.1 months in First Quarter 2015.

NEW HOUSING PERMITS New housing permit data, provided by the Connecticut Department of Economic and Community Development, shows 36.8% of permits were single family homes through February of 2016. Permits for 5+ units showed the greatest increase representing 61.4% of permits, 342 units total through February 2016. Builders are scaling down and building to meet the needs of upsizing millennials and downsizing baby boomers as the desire to buy new and custom is still strong. There is also an influx of higher-end rentals scheduled for occupancy this year, which targets the entry level buyers who can’t yet find what they need, but desire new construction.

Average Sales Price Single Family

Average Sales Price Condominium

Median Sales Price Single Family

Median Sales Price Condominium

Q4 2015 $352,900 $224,000 $230,000 $155,000

Change -0.2% -6.7% -2.2% -4.2%

Q1 2016 $352,100 $208,900 $225,000 $148,500

Q1 2015 $373,400 $212,400 $225,000 $155,000

Change -5.7% -1.6% 0.0% -4.2%

Q1 2016 $352,100 $208,900 $225,000 $148,500

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Number of Sales

Luxury Sales Over $5 Million $3-$5 Million $2-$3 Million

The Luxury Market

TOTAL UNIT SALES BY COUNTY

Fairfield County remains the strongest with the highest number of luxury sales with 96 units sold in First Quarter 2016, up from 89 units sold in First Quarter in 2015. The town of Greenwich saw more sales in the $2-5 million range, with 28 units sold.

FIRST QUARTER LUxURY SALES

Luxury Sales in Connecticut, classified by sales over $2 million, totaled 99 units in First Quarter 2016, up slightly from 95 units sold in First Quarter in 2015. Sales between $2-3 million account for largest number of luxury sales this quarter while the upper end of the Luxury Market stalled.

Greenwich • 18pinecroftrd.bhhsneproperties.com


http://18PinecroftRd.bhhsNEproperties.com

http://www.465NorthWiltonRd.bhhsNEproperties.com


Fairfield County

Greenwich • 280StanwichRd.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN

MIDDLESEX NEW LONDON

WINDHAM

TOLLANDHARTFORDLITCHFIELD


http://280StanwichRd.bhhsNEproperties.com

Q1-2016


Fairfield County

There were 1,606 units sold in First Quarter 2016. Single family home sales in Fairfield County increased by 4.74% YOY. The average sales price decreased by 0.91% YOY, but average sales volume increased by 3.79% ($956,512,000 vs $921,577,000). Condominium sales increased slightly by 0.73% and also increased in average price by 4.11% year over year. Average days on market for single family homes was 166 this quarter and 149 for condominiums. Average rental prices in 2016 were $2,631 per month.

SINGLE FAMILY AND CONDO RATIO

AvERAGE AND MEDIAN SALES PRICE

Number of Sales

Days on Market

Q4 2014 2375 141

Q3 2014 2995 126

Q2 2014 2860 144

Q1 2014 1666 157

Q4 2013 2450 146

Q1 2015 1748 155

Q4 2014 2373 143

Q3 2014 2959 127

Q2 2014 2835 145

Q1 2014 1646 158

Number of Sales

Days on Market

Q1 2016 1606 162

Q4 2015 2094 150

Q3 2015 2935 133

Q2 2015 2610 143

Q1 2015 1549 166

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AVERAGE AND MEDIAN SALES PRICE

Average Single Family Average Condominium Median Single Family Median Condominium

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CondominiumsSingle Family


Q1-2016


Fairfield County


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BEtHEL

1 Family $284,900 -2.7% $290,000 -2.5% 32 6.7% 161 -3.5% $9,115,000 3.8%

Condo $366,900 12.3% $412,500 26.5% 10 -28.6% 254 59.2% $3,669,000 -19.8%

BRIDGEPoRt

1 Family $143,300 2.5% $150,000 11.1% 82 1.2% 169 2.4% $11,750,000 3.7%

Condo $74,000 -9.1% $56,500 -30.5% 46 43.8% 130 -31.2% $3,406,000 30.7%

BRookFIELD

1 Family $427,800 15.9% $370,000 12.1% 29 -6.5% 141 -25.4% $12,405,000 8.4%

Condo $177,900 -38.0% $137,000 -56.5% 9 -52.6% 140 -21.9% $1,602,000 -70.6%

DANBuRy

1 Family $280,800 8.6% $257,500 5.7% 77 4.1% 136 4.6% $21,621,000 13.0%

Condo $195,600 -7.4% $171,700 4.1% 60 13.2% 156 -8.9% $11,737,000 4.8%

DARIEN

1 Family $2,046,600 14.8% $1,400,000 -12.9% 44 25.7% 186 -14.9% $90,050,000 44.4%

Condo $1,547,600 16.4% $1,677,500 13.7% 6 20.0% 338 152.1% $9,286,000 39.6%

EAStoN

1 Family $682,700 8.3% $615,000 2.5% 24 33.3% 199 10.0% $16,384,000 44.4%

Condo - - - - - - - - - -

FAIRFIELD

1 Family $788,500 -2.6% $640,000 17.3% 108 -1.8% 169 18.4% $85,158,000 -4.3%

Condo $420,000 4.6% $295,500 -20.1% 13 -13.3% 138 -16.8% $5,460,000 -9.3%

GREENWICH

1 Family $2,308,100 -13.0% $1,575,000 -11.5% 98 2.1% 207 -1.4% $226,189,000 -11.1%

Condo $878,900 -9.9% $755,400 -1.9% 34 13.3% 150 -13.1% $29,884,000 2.2%

MoNRoE

1 Family $334,200 -2.8% $311,500 -6.9% 18 -40.0% 131 -32.3% $6,015,000 -41.7%

Condo $208,600 1.6% $208,300 3.1% 4 -50.0% 125 -2.3% $835,000 -49.2%

NEW CANAAN

1 Family $1,801,700 9.2% $1,372,500 -1.8% 32 -5.9% 239 34.2% $57,655,000 2.7%

Condo $765,300 -15.6% $794,000 -17.7% 10 66.7% 177 -29.4% $7,653,000 40.7%

NEW FAIRFIELD

1 Family $354,000 24.3% $307,500 23.2% 34 21.4% 150 -13.7% $12,035,000 51.0%

Condo $240,000 36.3% $240,000 36.3% 2 0.0% 71 -61.8% $480,000 36.3%

NEWtoWN

1 Family $361,900 1.0% $347,000 3.6% 47 -2.1% 154 -24.5% $17,009,000 -1.1%

Condo $330,800 -9.9% $330,800 -13.4% 2 -50.0% 338 -10.4% $662,000 -55.0%

NoRWALk

1 Family $566,000 -1.0% $407,500 -5.2% 105 6.1% 162 7.1% $59,428,000 5.0%

Condo $297,300 19.8% $232,500 2.2% 55 -19.1% 160 7.4% $16,349,000 -3.1%

REDDING

1 Family $1,140,000 98.7% $550,000 7.8% 23 -4.2% 229 29.4% $26,219,000 90.4%

Condo $221,000 - $221,000 - 1 - 87 - $221,000 -


Q1-2016


Fairfield County


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RIDGEFIELD

1 Family $741,800 1.8% $541,000 -15.1% 53 15.2% 182 -3.3% $39,314,000 17.3%

Condo $242,200 13.5% $201,000 8.1% 12 -7.7% 155 9.1% $2,906,000 4.8%

SHELtoN

1 Family $311,300 13.1% $307,500 20.6% 30 11.1% 115 -36.2% $9,340,000 25.7%

Condo $297,200 23.8% $252,000 47.4% 11 -31.2% 118 -28.1% $3,270,000 -14.9%

SHERMAN

1 Family $348,000 -0.6% $343,000 -2.0% 8 700.0% 166 40.5% $2,784,000 695.4%

Condo - - - - - - - - - -

StAMFoRD

1 Family $622,800 1.5% $527,500 5.4% 135 20.5% 149 -9.6% $84,075,000 22.3%

Condo $362,200 17.9% $314,500 19.8% 100 2.0% 124 -0.4% $36,222,000 20.3%

StRAtFoRD

1 Family $216,400 -5.7% $195,000 -2.3% 57 -18.6% 136 -6.0% $12,334,000 -23.2%

Condo $151,300 -16.3% $163,200 -2.5% 24 100.0% 163 20.7% $3,632,000 67.4%

tRuMBuLL

1 Family $380,700 4.1% $370,000 9.6% 53 32.5% 156 13.4% $20,179,000 37.9%

Condo $358,800 7.5% $347,500 3.0% 4 -33.3% 225 86.9% $1,435,000 -28.3%

WEStoN

1 Family $837,000 -0.8% $685,000 4.6% 19 -9.5% 160 -30.1% $15,902,000 -10.2%

Condo - - - - - - - - - -

WEStPoRt

1 Family $1,628,100 -16.1% $1,380,000 7.4% 60 9.1% 188 0.2% $97,685,000 -8.5%

Condo $633,300 4.0% $742,500 24.8% 6 0.0% 116 -4.5% $3,800,000 4.0%

WILtoN

1 Family $954,500 4.4% $893,000 2.1% 25 -13.8% 158 3.3% $23,864,000 -10.0%

Condo $307,500 -7.1% $325,000 6.2% 4 33.3% 132 59.3% $1,230,000 23.9%



Hartford County

Simsbury • 22PastureLane.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://22PastureLane.bhhsNEproperties.com

Q1-2016


Hartford County

There were 1,796 units sold in First Quarter 2016. Hartford County’s single family home sales jumped by 17.96% and sales volume increased 19.28% ($328,906,000 vs $275,738,000) YOY. Homes increased slightly by 1.12% YOY. The condominium market increased 9.76% in sales and increased 4.71% in sales volume (57,555,000 vs 54,966,000). Average days on market was 136 for single family homes and 142 for condominiums. Average rental prices were $1,433 per month.

Number of Sales

Days on Market

Q4 2014 2375 141

Q3 2014 2995 126

Q2 2014 2860 144

Q1 2014 1666 157

Q4 2013 2450 146

Q1 2015 1748 155

Q4 2014 2373 143

Q3 2014 2959 127

Q2 2014 2835 145

Q1 2014 1646 158

Number of Sales

Days on Market

Q1 2016 1796 137

Q4 2015 2366 124

Q3 2015 3086 114

Q2 2015 2509 122

Q1 2015 1546 129



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Hartford County


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AVoN

1 Family $412,700 -18.3% $362,800 0.2% 34 -20.9% 164 22.3% $14,033,000 -35.4%

Condo $195,000 -19.6% $185,000 1.6% 15 -21.1% 102 -12.0% $2,926,000 -36.5%

BERLIN

1 Family $259,900 7.6% $232,000 0.3% 28 27.3% 130 -8.1% $7,276,000 37.0%

Condo $256,700 21.9% $255,000 31.8% 5 -54.5% 76 -35.2% $1,284,000 -44.6%

BLooMFIELD

1 Family $168,400 -4.8% $146,700 -0.5% 50 31.6% 134 17.8% $8,420,000 25.2%

Condo $256,300 1.0% $268,400 17.3% 11 83.3% 124 7.1% $2,819,000 85.1%

BRIStoL

1 Family $166,800 0.5% $161,000 1.7% 100 28.2% 139 -10.2% $16,684,000 28.8%

Condo $82,400 5.5% $67,000 -6.9% 18 -10.0% 154 14.1% $1,483,000 -5.1%

BuRLINGtoN

1 Family $289,700 12.2% $269,500 7.0% 18 -14.3% 123 -29.1% $5,214,000 -3.8%

Condo $105,000 40.0% $105,000 40.0% 1 0.0% 322 14.6% $105,000 40.0%

CANtoN

1 Family $277,800 -7.4% $280,000 18.3% 15 -16.7% 224 83.0% $4,168,000 -22.8%

Condo $156,100 28.5% $148,500 23.7% 5 0.0% 144 -26.3% $780,000 28.5%

EASt GRANBy

1 Family $306,100 40.3% $277,900 33.1% 7 75.0% 109 2.5% $2,143,000 145.5%

Condo $108,500 11.8% $108,500 11.8% 2 100.0% 76 -33.2% $217,000 123.6%

EASt HARtFoRD

1 Family $128,300 14.6% $135,000 25.3% 93 32.9% 149 29.5% $11,928,000 52.3%

Condo $149,200 50.3% $178,500 102.8% 6 -40.0% 142 17.9% $895,000 -9.8%

EASt WINDSoR

1 Family $204,100 1.9% $201,000 -12.6% 20 33.3% 157 20.0% $4,082,000 35.9%

Condo $245,500 58.5% $245,500 58.1% 2 -50.0% 215 39.1% $491,000 -20.7%

ENFIELD

1 Family $167,500 2.4% $159,900 -0.1% 84 33.3% 123 -4.0% $14,074,000 36.5%

Condo $137,600 -4.1% $125,000 -10.1% 17 -15.0% 157 75.6% $2,339,000 -18.5%

FARMINGtoN

1 Family $385,700 -22.5% $312,000 -5.5% 50 92.3% 165 -5.9% $19,286,000 49.1%

Condo $195,100 -16.4% $173,000 -5.2% 23 27.8% 124 -13.4% $4,487,000 6.8%

GLAStoNBuRy

1 Family $378,800 0.6% $335,000 2.4% 71 29.1% 137 24.9% $26,896,000 29.9%

Condo $199,400 -4.8% $164,000 -8.8% 28 27.3% 218 40.3% $5,584,000 21.2%

GRANBy

1 Family $258,000 -1.8% $256,800 -1.3% 28 33.3% 133 8.6% $7,224,000 31.0%

Condo $154,000 -1.4% $154,000 -12.3% 2 -33.3% 281 226.2% $308,000 -34.3%

HARtFoRD

1 Family $118,600 23.9% $88,000 7.3% 49 6.5% 116 -6.4% $5,811,000 31.9%

Condo $94,800 -36.0% $60,000 -34.1% 24 -20.0% 168 29.8% $2,276,000 -48.8%


Q1-2016


Hartford County


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HARtLAND

1 Family $245,600 20.5% $274,000 29.2% 5 25.0% 102 2.9% $1,228,000 50.7%

Condo - - - - - - - - - -

MANCHEStER

1 Family $172,100 7.4% $161,000 4.5% 91 24.7% 130 -9.9% $15,663,000 33.8%

Condo $107,000 -10.1% $75,000 -43.6% 25 108.3% 115 6.0% $2,674,000 87.2%

MARLBoRouGH

1 Family $261,300 -23.2% $270,500 2.3% 7 -46.2% 132 -37.8% $1,829,000 -58.7%

Condo $232,000 3.5% $232,000 3.5% 1 -50.0% 45 -79.4% $232,000 -48.3%

NEW BRItAIN

1 Family $124,300 10.1% $126,800 9.5% 86 4.9% 133 4.5% $10,686,000 15.5%

Condo $65,500 -13.7% $52,500 -6.6% 15 7.1% 96 -1.7% $982,000 -7.6%

NEWINGtoN

1 Family $200,100 3.2% $199,900 8.0% 46 4.5% 127 -1.9% $9,204,000 7.9%

Condo $187,900 21.7% $145,500 3.2% 32 39.1% 149 35.4% $6,011,000 69.4%

PLAINVILLE

1 Family $163,600 -7.6% $161,500 -6.3% 21 -41.7% 86 -29.5% $3,436,000 -46.1%

Condo $92,900 -36.4% $84,000 -42.5% 8 0.0% 151 11.5% $744,000 -36.4%

RoCky HILL

1 Family $289,900 9.1% $273,700 18.0% 26 62.5% 146 0.0% $7,538,000 77.3%

Condo $164,400 4.0% $169,300 22.0% 34 54.5% 130 34.1% $5,588,000 60.7%

SIMSBuRy

1 Family $309,000 -3.1% $275,000 -4.5% 57 23.9% 131 3.6% $17,610,000 20.1%

Condo $145,000 -27.7% $135,000 -22.4% 11 10.0% 118 -33.7% $1,595,000 -20.5%

SoutH WINDSoR

1 Family $274,300 -7.7% $253,000 -10.1% 55 31.0% 121 -6.8% $15,086,000 20.9%

Condo $102,100 -22.7% $90,000 -37.1% 11 -8.3% 191 37.7% $1,123,000 -29.2%

SoutHINGtoN

1 Family $272,100 4.5% $258,800 6.0% 84 25.4% 139 17.6% $22,859,000 31.0%

Condo $166,000 -12.5% $129,000 -29.7% 19 18.8% 154 -5.1% $3,154,000 3.9%

SuFFIELD

1 Family $251,000 -0.3% $244,500 8.6% 18 -21.7% 195 42.3% $4,519,000 -22.0%

Condo $165,700 26.2% $162,000 34.2% 5 -50.0% 162 8.6% $829,000 -36.9%

WESt HARtFoRD

1 Family $325,700 12.7% $295,000 13.5% 125 26.3% 122 4.9% $40,711,000 42.3%

Condo $219,300 1.9% $190,000 19.5% 18 -14.3% 102 -12.7% $3,947,000 -12.7%

WEtHERSFIELD

1 Family $230,900 3.2% $230,000 21.1% 54 -14.3% 133 -6.9% $12,471,000 -11.6%

Condo $137,900 -13.4% $130,000 -16.1% 5 -44.4% 122 -7.0% $689,000 -51.9%

WINDSoR

1 Family $193,600 4.1% $177,000 -1.7% 72 18.0% 142 34.6% $13,937,000 22.8%

Condo $118,300 10.7% $94,500 15.2% 18 500.0% 116 1.9% $2,130,000 564.4%

WINDSoR LoCkS

1 Family $157,700 6.5% $145,000 0.5% 31 63.2% 140 25.9% $4,890,000 73.7%

Condo $186,500 79.3% $180,000 56.6% 10 66.7% 152 25.7% $1,865,000 198.8%



Litchfield County

Woodbury • 5OldShermanHillRd.bhhsneproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://5OldShermanHillRd.bhhsneproperties.com

Q1-2016


Litchfield County

326 units were sold in First Quarter 2016. Average sales price on single family homes decreased by 19.73% YOY, and sales decreased by 12.50%. Sales volume also decreased 18.87% ($60,590,000 vs $74,682,000) YOY. Condominium sales decreased 10.24% and sales volume decreased 7.02% ($5,156,000 vs 5,744,000). Average days on market was 189 for single family homes and 177 for condominiums.

Number of Sales

Days on Market

Q4 2014 443 146

Q3 2014 502 120

Q2 2014 394 133

Q1 2014 282 162

Q4 2013 411 146

Q1 2015 344 140

Q4 2014 499 145

Q3 2014 548 118

Q2 2014 437 133

Q1 2014 316 162

Number of Sales

Days on Market

Q1 2016 326 187

Q4 2015 496 170

Q3 2015 592 152

Q2 2015 450 166

Q1 2015 329 177



0

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150000

200000

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300000

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016



Q1 2015


Q1 2016


Q1 2015


Q1 2016




Q1-2016


Litchfield County


%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

BANtAM

1 Family $175,000 -8.4% $175,000 -6.9% 1 -66.7% 177 -27.9% $175,000 -69.5%

Condo $413,100 - $413,100 - 1 - 105 - $413,000 -

BARkHAMStED

1 Family $227,200 -6.8% $240,100 6.7% 6 -14.3% 136 -34.2% $1,363,000 -20.1%

Condo - - - - - - - - - -

BEtHLEHEM

1 Family $203,200 -32.2% $180,000 -29.4% 6 -14.3% 355 19.0% $1,219,000 -41.8%

Condo - - - - - - - - - -

BRIDGEWAtER

1 Family $330,000 -41.1% $330,000 -41.1% 1 0.0% 133 -47.6% $330,000 -41.1%

Condo - - - - - - - - - -

CANAAN

1 Family $168,500 -44.4% $154,500 -27.3% 4 -55.6% 321 45.1% $674,000 -75.3%

Condo - - - - - - - - - -

CoLEBRook

1 Family $128,000 -40.7% $128,000 -40.7% 1 0.0% 136 -35.8% $128,000 -40.7%

Condo - - - - - - - - - -

CoRNWALL BRIDGE

1 Family $135,000 1.1% $135,000 1.1% 1 -50.0% 202 11.6% $135,000 -49.4%

Condo - - - - - - - - - -

GoSHEN

1 Family $256,800 -32.4% $224,500 -29.4% 10 -9.1% 253 -27.2% $2,568,000 -38.5%

Condo - - - - - - - - - -

HARWINtoN

1 Family $250,900 14.0% $250,000 31.6% 17 13.3% 158 -3.5% $4,265,000 29.2%

Condo $355,800 - $355,800 - 1 - 298 - $356,000 -

kENt

1 Family $90,000 -79.5% $90,000 -82.7% 1 -66.7% 174 13.2% $90,000 -93.2%

Condo $250,000 - $250,000 - 1 - 82 - $250,000 -

LItCHFIELD

1 Family $286,200 -18.8% $235,000 -26.6% 13 18.2% 281 46.9% $3,720,000 -4.0%

Condo $157,500 -47.9% $157,500 -54.0% 2 -50.0% 403 31.2% $315,000 -73.9%

MoRRIS

1 Family $461,500 72.4% $167,500 -33.0% 4 -42.9% 244 165.2% $1,846,000 -1.5%

Condo - - - - - - - - - -

NEW HARtFoRD

1 Family $262,300 33.0% $245,000 40.0% 8 -27.3% 205 14.9% $2,099,000 -3.3%

Condo $111,000 30.0% $111,000 30.0% 2 0.0% 63 -43.0% $222,000 30.0%

NEW MILFoRD

1 Family $217,200 -26.9% $215,000 -29.5% 19 -5.0% 169 36.3% $4,127,000 -30.6%

Condo $109,200 39.4% $95,300 16.9% 4 0.0% 155 -1.1% $437,000 39.4%


Q1-2016


Litchfield County


%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

NoRFoLk

1 Family $307,900 1131.7% $233,300 833.0% 6 500.0% 173 34.2% $1,848,000 7290.0%

Condo - - - - - - - - - -

PLyMoutH

1 Family $124,100 -23.2% $134,000 -17.3% 19 -17.4% 125 -25.4% $2,358,000 -36.5%

Condo $119,000 0.8% $119,000 0.8% 2 0.0% 253 461.1% $238,000 0.8%

RoXBuRy

1 Family $782,500 - $782,500 - 2 - 160 - $1,565,000 -

Condo - - - - - - - - - -

SALISBuRy

1 Family $540,000 -46.8% $207,500 -62.3% 6 -33.3% 155 -31.9% $3,240,000 -64.5%

Condo $495,000 - $495,000 - 1 - 61 - $495,000 -

tHoMAStoN

1 Family $213,100 23.7% $205,000 18.5% 9 -43.7% 226 77.6% $1,918,000 -30.4%

Condo $128,500 36.4% $128,500 27.5% 2 -66.7% 191 49.0% $257,000 -54.5%

toRRINGtoN

1 Family $110,100 -2.8% $113,800 13.8% 68 33.3% 177 -6.0% $7,486,000 29.5%

Condo $66,000 1.7% $53,000 -9.8% 15 50.0% 182 -0.5% $991,000 52.6%

WASHINGtoN

1 Family $1,487,500 -60.2% $1,487,500 -60.2% 1 0.0% 630 296.2% $1,488,000 -60.2%

Condo - - - - - - - - - -

WAtERtoWN

1 Family $205,000 -10.7% $185,000 -11.5% 39 0.0% 128 -10.7% $7,995,000 -10.7%

Condo $156,500 11.2% $163,500 12.8% 5 -28.6% 124 -45.6% $783,000 -20.6%

WINCHEStER

1 Family $130,000 -6.5% $125,500 11.8% 25 56.3% 213 15.0% $3,249,000 46.1%

Condo $80,000 44.3% $70,000 26.2% 3 50.0% 152 -3.2% $240,000 116.4%

WooDBuRy

1 Family $394,400 -2.7% $300,000 6.2% 17 6.3% 244 77.0% $6,705,000 3.4%

Condo $53,500 -60.9% $60,000 -50.0% 3 -72.7% 219 38.1% $160,000 -89.3%




Middlesex County

East Hampton • 138ChampionHillRd.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://138ChampionHillRd.bhhsNEproperties.com

Q1-2016


Middlesex County

418 units sold in First Quarter 2016. Middlesex County’s single family home sales jumped 22.26% YOY and sales volume increased 21.45% ($102,382,000 vs 84,298,000). The average sales price decreased slightly by 0.77%. Condominium sales were up 10.77% and sales volume was 24.43% (12,858,000 vs 10,334,000). Average days on market was 167 for single family homes and 162 for condominiums. Average rental prices were $1,762 per month.

Number of Sales

Days on Market

Q4 2014 457 93

Q3 2014 543 81

Q2 2014 498 89

Q1 2014 325 109

Q4 2013 378 97

Q1 2015 350 115

Q4 2014 497 99

Q3 2014 586 82

Q2 2014 531 90

Q1 2014 347 110

Number of Sales

Days on Market

Q1 2016 418 166

Q4 2015 538 151

Q3 2015 666 129

Q2 2015 561 145

Q1 2015 348 163



0

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100000

150000

200000

250000

300000

350000

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016



Q1 2015


Q1 2016


Q1 2015


Q1 2016




Q1-2016


Middlesex CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 12016

%CHG15-16

QTR 12016

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QTR 12016

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QTR 12016

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CHEStER

1 Family $324,000 -7.1% $275,000 -15.2% 11 22.2% 213 -4.5% $3,564,000 13.5%

Condo - - - - - - - - - -

CLINtoN

1 Family $282,600 10.7% $253,000 8.8% 32 -8.6% 189 9.3% $9,044,000 1.2%

Condo $144,300 6.2% $134,000 2.9% 4 0.0% 206 59.2% $577,000 6.2%

CoBALt

1 Family $385,000 - $385,000 - 1 - 295 - $385,000 -

Condo - - - - - - - - - -

CRoMWELL

1 Family $251,800 19.0% $207,500 -3.9% 24 60.0% 167 -1.1% $6,043,000 90.5%

Condo $149,500 3.5% $122,300 -0.2% 16 -40.7% 112 -18.0% $2,392,000 -38.7%

DEEP RIVER

1 Family $249,300 -20.7% $227,300 -19.6% 22 175.0% 227 5.3% $5,485,000 118.0%

Condo $129,000 -13.8% $129,000 -11.0% 1 -66.7% 196 10.1% $129,000 -71.3%

DuRHAM

1 Family $293,700 -1.6% $343,000 10.5% 13 116.7% 114 -46.6% $3,818,000 113.2%

Condo - - - - - - - - - -

EASt HADDAM

1 Family $234,800 -2.4% $215,000 -6.9% 27 50.0% 167 -21.3% $6,339,000 46.4%

Condo $301,000 77.1% $301,000 77.1% 2 0.0% 184 26.0% $602,000 77.1%

EASt HAMPtoN

1 Family $236,600 -6.4% $232,500 -13.9% 32 10.3% 160 -5.4% $7,573,000 3.3%

Condo - - - - - - - - - -

ESSEX

1 Family $518,200 -9.2% $331,500 -20.8% 18 -10.0% 194 40.3% $9,328,000 -18.3%

Condo $208,800 -58.5% $227,500 -54.7% 4 300.0% 115 -59.7% $835,000 66.2%

HADDAM

1 Family $284,700 -10.3% $245,000 -16.9% 27 107.7% 186 4.4% $7,686,000 86.4%

Condo $425,000 - $425,000 - 1 - 87 - $425,000 -

kILLINGWoRtH

1 Family $325,900 -26.1% $303,500 -9.3% 18 63.6% 136 -1.9% $5,866,000 20.9%

Condo - - - - - - - - - -

MIDDLEFIELD

1 Family $213,600 5.4% $230,000 10.1% 7 -30.0% 156 21.3% $1,496,000 -26.2%

Condo $310,500 -36.2% $344,500 -29.3% 3 200.0% 218 - $932,000 91.3%


Q1-2016


Middlesex County


%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

MIDDLEtoWN

1 Family $231,400 22.0% $190,000 0.0% 55 -11.3% 128 -10.9% $12,727,000 8.3%

Condo $108,800 1.9% $117,700 25.2% 30 50.0% 149 -14.3% $3,264,000 52.8%

oLD SAyBRook

1 Family $541,600 -8.9% $365,000 2.1% 21 -4.5% 141 -11.6% $11,374,000 -13.1%

Condo $445,700 38.2% $446,300 38.4% 5 150.0% 198 52.6% $2,229,000 245.5%

PoRtLAND

1 Family $276,200 53.2% $205,000 15.5% 19 5.6% 156 -5.5% $5,248,000 61.7%

Condo $203,400 1.7% $173,500 -13.2% 4 300.0% 162 0.5% $813,000 306.7%

WEStBRook

1 Family $337,200 -8.3% $285,000 5.6% 19 171.4% 195 17.2% $6,408,000 148.9%

Condo $330,500 -4.9% $330,500 -4.9% 2 0.0% 598 261.0% $661,000 -4.9%



Branford • 40SunsetBeachRd.bhhsNEproperties.com

New Haven County

FAIRFIELD

NEW HAVEN


WINDHAM



http://40SunsetBeachRd.bhhsNEproperties.com

Q1-2016


New Haven County

1,549 units sold in First Quarter 2016. New Haven County’s single family home sales increased by 22.75% and increased in sales volume by 26.04% ($274,711,000 vs $217,954,000) YOY. Sales for condominiums jumped 17.92% and sales volume increased 6.95% ($50,540,000 vs $47,257,000). Days on market for single family homes was 150 and 143 for condominiums. Average rental prices were $1,681 per month.

Number of Sales

Days on Market

Q4 2014 1826 95

Q3 2014 2172 83

Q2 2014 1949 88

Q1 2014 1221 98

Q4 2013 1796 94

Q1 2015 1328 103

Q4 2014 1892 98

Q3 2014 2200 83

Q2 2014 1975 87

Q1 2014 1230 98

Number of Sales

Days on Market

Q1 2016 1549 148

Q4 2015 2003 136

Q3 2015 2476 130

Q2 2015 2148 141

Q1 2015 1274 150



0

50000

100000

150000

200000

250000

300000

Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016



Q1 2015


Q1 2016


Q1 2015


Q1 2016




Q1-2016


New Haven County


%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

ANSoNIA

1 Family $158,700 -6.0% $162,000 -13.6% 6 20.0% 103 -29.1% $952,000 12.8%

Condo - - - - - - - - - -

BEACoN FALLS

1 Family $231,400 -29.9% $231,400 -29.9% 2 100.0% 112 -5.9% $463,000 40.3%

Condo $311,200 24.0% $311,200 24.0% 2 100.0% 359 123.0% $622,000 148.0%

BEtHANy

1 Family $380,100 28.5% $340,000 24.1% 8 -11.1% 152 -4.4% $3,041,000 14.2%

Condo - - - - - - - - - -

BRANFoRD

1 Family $371,200 9.0% $300,300 -1.6% 44 2.3% 187 5.6% $16,333,000 11.5%

Condo $143,800 -17.1% $141,500 -1.7% 36 16.1% 129 -12.7% $5,179,000 -3.7%

CHESHIRE

1 Family $297,100 -11.2% $276,300 -13.0% 44 -13.7% 150 11.8% $13,071,000 -23.4%

Condo $227,000 -1.6% $168,000 -7.9% 13 -13.3% 109 -39.2% $2,951,000 -14.7%

DERBy

1 Family $181,000 -7.0% $181,000 12.4% 1 -66.7% 17 -91.8% $181,000 -69.0%

Condo $111,000 85.0% $111,000 85.0% 1 0.0% 78 -59.4% $111,000 85.0%

EASt HAVEN

1 Family $168,700 2.1% $170,000 12.4% 55 31.0% 131 1.2% $9,280,000 33.7%

Condo $128,400 -15.6% $103,800 -26.8% 20 66.7% 139 -40.7% $2,567,000 40.7%

GuILFoRD

1 Family $377,500 1.5% $305,000 -12.9% 52 20.9% 142 -7.1% $19,629,000 22.7%

Condo $189,000 -33.0% $147,800 -46.6% 6 -40.0% 150 3.2% $1,134,000 -59.8%

HAMDEN

1 Family $190,800 -3.3% $171,500 -12.1% 96 31.5% 146 4.2% $18,313,000 27.2%

Condo $115,500 -0.7% $96,300 -3.3% 38 18.8% 148 -13.3% $4,391,000 17.9%

MADISoN

1 Family $479,700 3.8% $406,500 -3.2% 55 27.9% 192 11.6% $26,384,000 32.8%

Condo $248,500 -30.0% $235,000 -28.2% 12 300.0% 135 -1.5% $2,981,000 179.9%

MERIDEN

1 Family $136,300 1.5% $134,500 -3.9% 101 24.7% 139 -5.8% $13,763,000 26.5%

Condo $86,800 -2.5% $58,300 -33.7% 42 121.1% 118 -12.1% $3,646,000 115.4%

MIDDLEBuRy

1 Family $255,000 -6.5% $290,000 7.9% 11 37.5% 256 77.2% $2,805,000 28.5%

Condo $430,800 8.0% $412,500 0.2% 3 -25.0% - - $1,292,000 -19.0%

MILFoRD

1 Family $332,400 16.1% $279,000 9.8% 102 50.0% 154 14.8% $33,900,000 74.2%

Condo $179,400 -19.0% $158,000 -21.0% 33 13.8% 148 -5.0% $5,921,000 -7.8%

NAuGAtuCk

1 Family $144,900 -5.8% $142,000 -12.9% 49 11.4% 136 -15.6% $7,098,000 4.9%

Condo $69,000 -23.9% $59,500 -20.1% 10 11.1% 97 -44.0% $690,000 -15.4%


Q1-2016


New Haven County


%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

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QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

NEW HAVEN

1 Family $167,500 -14.5% $145,000 -6.5% 71 54.3% 147 -13.5% $11,895,000 32.0%

Condo $151,300 10.3% $119,500 40.6% 28 -3.4% 151 0.9% $4,236,000 6.5%

NoRtH BRANFoRD

1 Family $248,900 -4.1% $247,500 -11.0% 25 47.1% 177 18.9% $6,222,000 41.0%

Condo $157,200 4.8% $150,000 0.0% 9 350.0% 203 2.2% $1,415,000 371.7%

NoRtH HAVEN

1 Family $261,900 4.0% $249,500 2.3% 49 69.0% 151 10.6% $12,833,000 75.7%

Condo $192,100 -12.9% $182,000 -19.7% 9 50.0% 127 -5.7% $1,729,000 30.6%

oRANGE

1 Family $320,200 -8.1% $322,500 -1.7% 20 -4.8% 142 -29.6% $6,404,000 -12.5%

Condo - - - - - - - - - -

oXFoRD

1 Family $340,000 21.4% $350,000 25.0% 3 200.0% 202 19.7% $1,020,000 264.3%

Condo $426,700 - $426,700 - 1 - 110 - $427,000 -

PRoSPECt

1 Family $252,800 0.0% $270,000 7.6% 13 -7.1% 145 -4.2% $3,286,000 -7.1%

Condo $337,500 -16.4% $337,500 -12.0% 1 -80.0% 291 -2.0% $338,000 -83.3%

SEyMouR

1 Family $102,900 -44.4% $96,000 -48.1% 4 100.0% 148 -59.3% $411,000 11.2%

Condo - - - - - - - - - -

SoutHBuRy

1 Family $411,700 35.1% $409,900 26.1% 31 72.2% 165 31.1% $12,763,000 132.7%

Condo $146,600 8.2% $125,000 -5.7% 37 94.7% 182 4.7% $5,424,000 110.8%

WALLINGFoRD

1 Family $240,400 -0.1% $229,100 0.0% 76 2.7% 144 -10.2% $18,267,000 2.6%

Condo $163,800 -1.7% $145,000 -6.5% 14 -44.0% 135 -9.7% $2,293,000 -44.9%

WAtERBuRy

1 Family $86,800 -2.4% $75,000 -7.6% 151 20.8% 143 2.8% $13,106,000 18.0%

Condo $56,900 13.3% $50,000 13.6% 37 -5.1% 140 46.0% $2,107,000 7.4%

WESt HAVEN

1 Family $157,500 18.2% $154,000 21.7% 78 9.9% 144 9.3% $12,287,000 29.9%

Condo $108,800 -5.5% $86,500 -13.5% 10 -33.3% 132 16.2% $1,088,000 -37.0%

WoLCott

1 Family $207,600 10.9% $184,000 2.2% 25 19.0% 129 6.2% $5,189,000 32.0%

Condo - - - - - - - - - -

WooDBRIDGE

1 Family $387,700 2.7% $370,000 21.9% 15 7.1% 148 1.5% $5,816,000 10.0%

Condo - - - - - - - - - -



New London County

Salem • 45ForestDr.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://45ForestDr.bhhsNEproperties.com

Q1-2016


New London County

611 units sold in First Quarter 2016. New London County single family home sales increased by 31.25% and sales volume increased 22.63% ($115,688,000 vs $94,337,000) YOY. Average sales price decreased 3.42% for condominiums and sales volume decreased by 18.47% ($10,126,000 vs $12,421,000) YOY. Days on market for single family homes was 160 and 136 for condominiums.

Number of Sales

Days on Market

Q4 2014 577 107

Q3 2014 662 95

Q2 2014 607 97

Q1 2014 417 104

Q4 2013 560 98

Q1 2015 481 99

Q4 2014 761 105

Q3 2014 832 95

Q2 2014 740 97

Q1 2014 507 103

Number of Sales

Days on Market

Q1 2016 611 157

Q4 2015 730 144

Q3 2015 903 136

Q2 2015 837 144

Q1 2015 493 150



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Q1 2015


Q1 2016


Q1 2015


Q1 2016




Q1-2016


New London County


%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

BoZRAH

1 Family $174,000 -10.4% $135,000 -22.9% 5 -28.6% 144 8.5% $870,000 -36.0%

Condo - - - - - - - - - -

CoLCHEStER

1 Family $209,500 5.6% $220,800 18.0% 56 133.3% 146 15.7% $11,732,000 146.4%

Condo $326,300 117.8% $375,000 248.8% 3 -40.0% 178 39.3% $979,000 30.7%

EASt LyME

1 Family $342,600 -18.1% $287,500 -5.1% 42 55.6% 156 3.4% $14,391,000 27.4%

Condo $232,900 12.7% $227,000 14.6% 12 9.1% 173 8.9% $2,795,000 22.9%

GRISWoLD

1 Family $120,500 -21.8% $100,000 -39.9% 23 43.8% 147 6.4% $2,772,000 12.4%

Condo $87,400 36.1% $99,900 63.8% 7 75.0% 70 -35.8% $612,000 138.1%

GRotoN

1 Family $241,700 3.1% $205,000 -4.3% 68 58.1% 153 12.7% $16,435,000 63.1%

Condo $172,900 -0.4% $126,300 26.4% 6 -68.4% 162 -17.6% $1,037,000 -68.5%

LEBANoN

1 Family $135,800 -25.2% $151,500 -4.1% 12 9.1% 166 -3.1% $1,630,000 -18.4%

Condo - - - - - - - - - -

LEDyARD

1 Family $216,300 15.4% $204,000 14.3% 38 8.6% 137 -13.6% $8,220,000 25.3%

Condo $65,000 54.2% $72,000 80.0% 3 0.0% 124 8.5% $195,000 54.2%

LISBoN

1 Family $241,000 35.8% $229,000 34.8% 4 -63.6% 126 8.1% $964,000 -50.6%

Condo - - - - - - - - - -

LyME

1 Family $377,900 -33.0% $435,000 -23.3% 7 133.3% 300 43.7% $2,645,000 56.3%

Condo - - - - - - - - - -

MoNtVILLE

1 Family $166,700 12.8% $165,000 11.9% 39 8.3% 150 13.1% $6,501,000 22.2%

Condo - - - - - - - - - -

NEW LoNDoN

1 Family $116,800 -24.6% $110,000 -26.7% 25 19.0% 129 -2.8% $2,921,000 -10.2%

Condo $110,300 0.3% $135,000 126.9% 8 33.3% 157 104.6% $882,000 33.7%

NoRtH FRANkLIN

1 Family $211,300 -9.5% $195,000 -17.0% 4 33.3% 196 8.0% $845,000 20.7%

Condo - - - - - - - - - -

NoRtH StoNINGtoN

1 Family $283,100 13.0% $238,500 -9.5% 8 -42.9% 152 3.2% $2,265,000 -35.4%

Condo - - - - - - - - - -


Q1-2016


New London County


%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

NoRWICH

1 Family $115,900 43.5% $123,400 74.9% 70 75.0% 162 3.5% $8,114,000 151.1%

Condo $93,100 23.6% $85,000 18.9% 13 62.5% 118 -18.4% $1,211,000 100.9%

oLD LyME

1 Family $282,100 -40.4% $259,500 -40.1% 16 -15.8% 189 9.5% $4,514,000 -49.8%

Condo - - - - - - - - - -

PREStoN

1 Family $155,900 -21.1% $151,500 -15.8% 12 9.1% 199 32.6% $1,871,000 -14.0%

Condo - - - - - - - - - -

SALEM

1 Family $264,800 -12.9% $342,500 20.2% 5 -37.5% 136 -37.1% $1,324,000 -45.5%

Condo $24,000 -38.1% $24,000 -38.1% 1 -50.0% 46 -34.3% $24,000 -69.0%

SPRAGuE

1 Family $169,900 -6.0% $163,100 -19.3% 9 200.0% 188 -0.9% $1,529,000 182.1%

Condo - - - - - - - - - -

StoNINGtoN

1 Family $330,300 3.2% $272,000 7.9% 37 -7.5% 219 28.4% $12,223,000 -4.6%

Condo $263,100 -33.1% $235,000 -36.0% 4 -33.3% 160 109.8% $1,053,000 -55.4%

VoLuNtoWN

1 Family $199,700 41.4% $185,000 11.1% 6 100.0% 101 -29.5% $1,198,000 182.9%

Condo - - - - - - - - - -

WAtERFoRD

1 Family $212,400 -1.0% $201,000 5.8% 56 36.6% 156 1.5% $11,896,000 35.3%

Condo $167,400 17.1% $145,800 25.6% 8 -20.0% 121 10.1% $1,339,000 -6.3%

WAtERFoRD

1 Family $253,000 -5.8% $228,300 -8.7% 80 -8.0% 142 6.5% $20,244,000 -13.4%

Condo $158,800 12.7% $156,500 43.7% 12 140.0% 121 -4.0% $1,905,000 170.5%



Tolland County

FAIRFIELD

NEW HAVEN


WINDHAM


Columbia • 36WhitetailWay.bhhsNEProperties.com


http://36WhitetailWay.bhhsNEProperties.com

Q1-2016


0

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Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016



Tolland County

There were 268 units sold in First Quarter 2016. Tolland County single family home sales increased 15.58% year over year and sales volume increased 7% ($47,666,000 vs $44,550,000) YOY. Condominium sales increased 11.76% and sales volume increased 29.88% ($6,482,000 vs $4,991,000). Average days on market was 149 for single family homes and 155 for condominiums. Average rental prices were $1,353 per month.

Number of Sales

Days on Market

Q4 2014 577 107

Q3 2014 662 95

Q2 2014 607 97

Q1 2014 417 104

Q4 2013 560 98

Q1 2015 481 99

Q4 2014 761 105

Q3 2014 832 95

Q2 2014 740 97

Q1 2014 507 103

Q1 2015 229 95

Q4 2014 339 90

Q3 2014 476 75

Q2 2014 390 85

Q1 2014 246 104

Number of Sales

Days on Market

Q1 2016 268 149

Q4 2015 389 143

Q3 2015 557 125

Q2 2015 410 137

Q1 2015 233 147



Q1 2015


Q1 2016


Q1 2015


Q1 2016




Q1-2016


Tolland CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

AMStoN

1 Family $220,500 -22.8% $237,500 -16.8% 7 250.0% 127 15.1% $1,544,000 170.3%

Condo - - - - - - - - - -

ANDoVER

1 Family $254,100 9.9% $249,000 27.8% 7 0.0% 160 59.1% $1,779,000 9.9%

Condo - - - - - - - - - -

BoLtoN

1 Family $340,900 27.1% $361,000 41.0% 4 -63.6% 146 12.6% $1,364,000 -53.8%

Condo - - - - - - - - - -

CoLuMBIA

1 Family $216,300 -11.1% $215,000 -9.1% 9 0.0% 211 37.1% $1,947,000 -11.1%

Condo - - - - - - - - - -

CoVENtRy

1 Family $199,500 -15.6% $190,000 -10.4% 31 10.7% 139 -4.3% $6,185,000 -6.6%

Condo $186,500 333.2% $183,100 325.2% 4 100.0% 103 -34.6% $746,000 766.4%

ELLINGtoN

1 Family $272,800 47.1% $247,500 51.8% 21 61.5% 130 45.7% $5,729,000 137.7%

Condo $198,500 -33.8% $200,000 -43.1% 6 50.0% 125 -52.5% $1,191,000 -0.7%

HEBRoN

1 Family $214,600 -31.6% $221,000 -32.0% 11 22.2% 173 -8.1% $2,361,000 -16.4%

Condo $235,500 - $260,000 - 4 - 249 - $942,000 -

MANSFIELD

1 Family $163,600 -20.9% $182,000 -9.0% 18 20.0% 143 -16.1% $2,945,000 -5.1%

Condo $165,900 12.1% $165,700 18.7% 5 25.0% 160 79.8% $830,000 40.1%

SoMERS

1 Family $250,500 -11.2% $246,500 -8.7% 23 43.8% 144 -29.7% $5,762,000 27.7%

Condo $348,900 - $349,900 - 3 - 117 - $1,047,000 -

StAFFoRD

1 Family $153,200 -12.5% $169,900 11.4% 25 13.6% 138 -7.7% $3,830,000 -0.5%

Condo $79,500 -44.1% $79,500 -39.6% 2 -50.0% 151 -42.4% $159,000 -72.1%

toLLAND

1 Family $260,800 1.6% $255,000 5.4% 21 -16.0% 142 21.3% $5,476,000 -14.7%

Condo $80,000 -23.4% $80,000 -23.4% 1 -50.0% 128 -33.0% $80,000 -61.7%

uNIoN

1 Family $150,000 -52.3% $150,000 -52.3% 1 -50.0% 304 50.9% $150,000 -76.2%

Condo - - - - - - - - - -

VERNoN

1 Family $165,700 3.6% $149,000 -8.6% 45 32.4% 163 34.5% $7,455,000 37.2%

Condo $114,500 -11.8% $104,000 0.2% 13 -27.8% 157 -2.7% $1,488,000 -36.3%

WILLINGtoN

1 Family $163,000 -31.0% $170,000 -24.4% 7 16.7% 86 -46.7% $1,141,000 -19.5%

Condo - - - - - - - - - -



Thompson • 116SunsetHillRoad.bhhsNEproperties.com

Windham County

FAIRFIELD

NEW HAVEN


WINDHAM



http://116SunsetHillRoad.bhhsNEproperties.com

Q1-2016


0

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Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016



Windham County

There were 289 units sold in First Quarter 2016. Windham County single family home sales increased 50.00% YOY and sales volume increased 36.88% ($42,538,000 vs $31,076,000). Sales went up 29.41% and sales volume went up 13.62% ($2,804,000 vs $2,468,000). Average rentals were $1,131 per month.

Number of Sales

Days on Market

Q3 2014 112 87

Q2 2014 110 98

Q1 2014 70 97

Q4 2013 92 107

Q3 2013 98 88

Number of Sales

Days on Market

Q4 2014 212 95

Q3 2014 262 87

Q2 2014 220 101

Q1 2014 149 108

Q4 2013 207 108

Q1 2015 193 100

Q4 2014 287 100

Q3 2014 341 86

Q2 2014 301 98

Q1 2014 190 101

Number of Sales

Days on Market

Q1 2016 289 144

Q4 2015 363 143

Q3 2015 420 137

Q2 2015 310 153

Q1 2015 195 152



Q1 2015


Q1 2016


Q1 2015


Q1 2016




Q1-2016


Windham CountyAVERAGE SALES PRICE MEDIAN SALES PRICE SALES DAyS oN MARkEt DoLLAR VoLuME

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

QTR 12016

%CHG15-16

ASHFoRD

1 Family $174,400 -4.4% $175,000 1.2% 15 87.5% 119 -20.4% $2,616,000 79.2%

Condo - - - - - - - - - -

BRookLyN

1 Family $168,700 -6.6% $175,000 -5.4% 19 18.8% 163 35.8% $3,205,000 10.9%

Condo $229,000 -3.9% $229,000 -3.9% 1 0.0% - - $229,000 -3.9%

CANtERBuRy

1 Family $200,000 21.2% $200,000 17.6% 13 0.0% 158 -20.6% $2,600,000 21.2%

Condo - - - - - - - - - -

CHAPLIN

1 Family $183,800 4.8% $212,000 24.8% 5 0.0% 132 -21.0% $919,000 4.8%

Condo - - - - - - - - - -

EAStFoRD

1 Family $279,000 -20.3% $305,000 -12.9% 3 200.0% 230 -6.1% $837,000 139.1%

Condo - - - - - - - - - -

HAMPtoN

1 Family $150,800 -29.5% $130,000 -42.9% 4 0.0% 121 -30.3% $603,000 -29.5%

Condo - - - - - - - - - -

kILLINGLy

1 Family $148,100 -16.4% $142,500 -11.4% 47 67.9% 151 2.5% $6,959,000 40.4%

Condo $141,200 12.9% $143,300 3.1% 6 20.0% 187 -1.7% $847,000 35.5%

PLAINFIELD

1 Family $144,700 7.7% $144,900 7.0% 47 95.8% 114 -14.1% $6,800,000 110.9%

Condo $60,500 - $60,500 - 2 - 126 - $121,000 -

PoMFREt

1 Family $213,200 -37.3% $217,300 22.1% 8 -11.1% 131 -40.2% $1,705,000 -44.3%

Condo - - - - - - - - - -

PutNAM

1 Family $140,300 -5.9% $146,500 -14.3% 18 125.0% 114 -19.2% $2,526,000 111.7%

Condo $112,300 -28.8% $107,500 -31.8% 7 16.7% 165 -18.5% $786,000 -16.9%

StERLING

1 Family $152,000 23.6% $130,000 13.5% 8 0.0% 98 27.9% $1,216,000 23.6%

Condo - - - - - - - - - -

tHoMPSoN

1 Family $182,800 8.7% $166,600 -7.5% 26 36.8% 201 44.3% $4,753,000 48.7%

Condo $140,000 2.1% $140,000 2.1% 2 100.0% 195 72.1% $280,000 104.2%

WINDHAM

1 Family $100,300 -8.1% $95,000 -18.3% 37 68.2% 137 -3.8% $3,710,000 54.6%

Condo $133,700 - $136,000 - 3 - 133 - $401,000 -

WooDStoCk

1 Family $240,500 -12.9% $220,000 -11.7% 17 41.7% 149 4.1% $4,089,000 23.3%

Condo $140,000 -8.7% $140,000 -16.2% 1 -66.7% 150 -17.0% $140,000 -69.6%


Documents

First Quarter 2016 Connecticut Market Report · in Connecticut, there have been an influx of luxury rentals across the state ready for spring 2016 occupancy. Developers are also looking