Steven Thomson City: Westportfiles.ctctcdn.com/a39349ce001/68104139-ba4f-446a-a02a-6... · 2016. 3. 14. · Steven Thomson "The Best Move You Can Make" (203) 247-6765 [email protected]

MARKET ACTION REPORT

February 2016

City: WestportSteven Thomson"The Best Move You Can Make"(203) [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home

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Based on information from Greater Fairfield County CMLS, Inc. for the period 3/1/2013 through 2/29/2016. Due to MLS reporting methods and allowable reportingpolicy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $1,699,000 0% � -11% � � � �Average List Price of all Current Listings $2,172,025 1% � -7% � � � �February Median Sales Price $1,499,500 -8% 0% 71% 13% $1,538,500 28% 16%February Average Sales Price $1,786,792 4% 7% 46% 8% $1,752,409 -12% 6%Total Properties Currently for Sale (Inventory) 316 3% � -4% � � � �February Number of Properties Sold 24 20% � 41% � 44 26% �February Average Days on Market (Solds) 238 43% 21% 7% 50% 205 3% 29%Asking Price per Square Foot (based on New Listings) $486 1% -1% 3% -1% $484 3% -1%February Sold Price per Square Foot $431 4% 2% 7% -3% $423 -7% -4%February Month's Supply of Inventory 13.2 -14% 1% -32% -4% 14.3 -20% 4%February Sale Price vs List Price Ratio 96.6% 1.0% 0% 5% 2.1% 96.5% 7.2% 2.0%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales February Property sales were 24, up 41.2% from 17 in February of 2015 and 20.0% higher than the 20 sales last month. February 2016 sales were at theirhighest level compared to February of 2015 and 2014. February YTD sales of 44 are running 25.7% ahead of last year's year-to-date sales of 35.

Prices The Median Sales Price in February was $1,499,500, up 71.4% from $875,000 in February of 2015 and down -8.4% from $1,636,250 last month. The AverageSales Price in February was $1,786,792, up 45.9% from $1,224,676 in February of 2015 and up 4.4% from $1,711,150 last month. February 2016 ASP was athighest level compared to February of 2015 and 2014.


February 2016





Inventory & MSI The Total Inventory of Properties available for sale as of February was 316, up 2.9% from 307 last month and down -3.7% from 328 in February of last year. February 2016 Inventory was at the lowest level compared to February of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2016 MSI of 13.2 months was at its lowestlevel compared with February of 2015 and 2014.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 238, up 43.4% from 166days last month and up 6.7% from 223 days in February of last year. The February 2016 DOM was at its highest level compared with February of 2015 and2014.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impactedby the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2016 Selling Price per Square Foot of $431 was up 4.4% from $413 last month and up 6.7% from $404 in February of last year.


February 2016





Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2016 Selling Price vs List Price of 96.6% wasup from 95.6% last month and up from 92.3% in February of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in February 2016 was 76, down -20.0% from 95 lastmonth and up 5.6% from 72 in February of last year.


February 2016

City: WestonSteven Thomson"The Best Move You Can Make"(203) [email protected]





Median List Price of all Current Listings $999,000 1% � -16% � � � �Average List Price of all Current Listings $1,202,348 -1% � -12% � � � �February Median Sales Price $564,900 18% -34% 1% -34% $538,450 -22% -37%February Average Sales Price $710,557 15% -23% 25% -23% $683,220 -16% -26%Total Properties Currently for Sale (Inventory) 167 15% � 23% � � � �February Number of Properties Sold 7 133% � 75% � 10 -23% �February Average Days on Market (Solds) 129 -40% -17% -64% -22% 155 -40% -7%Asking Price per Square Foot (based on New Listings) $283 7% 4% -1% 2% $277 -2% 0%February Sold Price per Square Foot $247 37% -4% 9% -7% $227 0% -15%February Month's Supply of Inventory 23.9 -51% -13% -30% 55% 36.1 53% 135%February Sale Price vs List Price Ratio 97.4% -0.4% 1% 5% 1.6% 97.1% 1.5% 1.3%


Property Sales February Property sales were 7, up 75.0% from 4 in February of 2015 and 133.3% higher than the 3 sales last month. February 2016 sales were at a mid levelcompared to February of 2015 and 2014. February YTD sales of 10 are running -23.1% behind last year's year-to-date sales of 13.

Prices The Median Sales Price in February was $564,900, up 1.3% from $557,500 in February of 2015 and up 17.7% from $480,000 last month. The Average SalesPrice in February was $710,557, up 24.5% from $570,750 in February of 2015 and up 14.7% from $619,433 last month. February 2016 ASP was at a midrange compared to February of 2015 and 2014.


February 2016





Inventory & MSI The Total Inventory of Properties available for sale as of February was 167, up 15.2% from 145 last month and up 22.8% from 136 in February of last year. February 2016 Inventory was at highest level compared to February of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2016 MSI of 23.9 months was at a mid rangecompared with February of 2015 and 2014.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 129, down -40.3% from 216days last month and down -64.0% from 358 days in February of last year. The February 2016 DOM was at its lowest level compared with February of 2015and 2014.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impactedby the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2016 Selling Price per Square Foot of $247 was up 37.2% from $180 last month and up 8.8% from $227 in February of last year.


February 2016





Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2016 Selling Price vs List Price of 97.4% wasdown from 97.8% last month and up from 93.2% in February of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in February 2016 was 48, up 84.6% from 26 last monthand up 65.5% from 29 in February of last year.


February 2016

City: FairfieldSteven Thomson"The Best Move You Can Make"(203) [email protected]





Median List Price of all Current Listings $849,700 2% � 12% � � � �Average List Price of all Current Listings $1,273,796 -1% � -3% � � � �February Median Sales Price $528,500 -19% -12% 3% -9% $625,000 12% 8%February Average Sales Price $680,815 -8% -4% -4% -8% $713,613 -15% -3%Total Properties Currently for Sale (Inventory) 504 4% � 1% � � � �February Number of Properties Sold 30 -14% � 20% � 65 -10% �February Average Days on Market (Solds) 180 10% 14% 71% 32% 172 38% 27%Asking Price per Square Foot (based on New Listings) $347 0% 2% -1% 2% $347 -1% 2%February Sold Price per Square Foot $284 -14% -6% -4% -8% $308 1% 0%February Month's Supply of Inventory 16.8 21% 32% -16% 65% 15.3 4% 51%February Sale Price vs List Price Ratio 94.1% -2.8% -1% -3% -1.9% 94.8% -0.7% -1.2%


Property Sales February Property sales were 30, up 20.0% from 25 in February of 2015 and -14.3% lower than the 35 sales last month. February 2016 sales were at a midlevel compared to February of 2015 and 2014. February YTD sales of 65 are running -9.7% behind last year's year-to-date sales of 72.

Prices The Median Sales Price in February was $528,500, up 3.1% from $512,500 in February of 2015 and down -19.1% from $652,920 last month. The AverageSales Price in February was $680,815, down -3.5% from $705,460 in February of 2015 and down -8.2% from $741,726 last month. February 2016 ASP was atthe lowest level compared to February of 2015 and 2014.


February 2016





Inventory & MSI The Total Inventory of Properties available for sale as of February was 504, up 3.9% from 485 last month and up 1.0% from 499 in February of last year. February 2016 Inventory was at highest level compared to February of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2016 MSI of 16.8 months was at a mid rangecompared with February of 2015 and 2014.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 180, up 9.8% from 164days last month and up 71.4% from 105 days in February of last year. The February 2016 DOM was at its highest level compared with February of 2015 and2014.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impactedby the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2016 Selling Price per Square Foot of $284 was down -13.7% from $329 last month and down -4.4% from $297 in February of last year.


February 2016





Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2016 Selling Price vs List Price of 94.1% wasdown from 96.8% last month and down from 97.4% in February of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in February 2016 was 135, up 4.7% from 129 lastmonth and up 15.4% from 117 in February of last year.


February 2016

City: NorwalkSteven Thomson"The Best Move You Can Make"(203) [email protected]





Median List Price of all Current Listings $590,450 8% � 8% � � � �Average List Price of all Current Listings $944,219 5% � 11% � � � �February Median Sales Price $441,700 12% 8% 5% 2% $403,750 -9% -7%February Average Sales Price $517,624 -7% -2% -11% -8% $537,203 -6% -5%Total Properties Currently for Sale (Inventory) 302 3% � -1% � � � �February Number of Properties Sold 35 -15% � -8% � 76 0% �February Average Days on Market (Solds) 162 7% 8% -2% 19% 156 -6% 15%Asking Price per Square Foot (based on New Listings) $336 9% 9% 11% 10% $324 4% 6%February Sold Price per Square Foot $275 0% 3% -2% 0% $274 4% 0%February Month's Supply of Inventory 8.6 21% 20% 8% 5% 7.9 -2% -5%February Sale Price vs List Price Ratio 96.6% 0.7% 1% 1% 0.6% 95.4% 0.5% -0.7%


Property Sales February Property sales were 35, down -7.9% from 38 in February of 2015 and -14.6% lower than the 41 sales last month. February 2016 sales were at a midlevel compared to February of 2015 and 2014. February YTD sales of 76 are running equal to last year's year-to-date sales of 76.

Prices The Median Sales Price in February was $441,700, up 4.5% from $422,500 in February of 2015 and up 11.8% from $395,000 last month. The Average SalesPrice in February was $517,624, down -11.2% from $583,051 in February of 2015 and down -6.6% from $553,917 last month. February 2016 ASP was at thelowest level compared to February of 2015 and 2014.


February 2016





Inventory & MSI The Total Inventory of Properties available for sale as of February was 302, up 3.4% from 292 last month and down -1.0% from 305 in February of last year. February 2016 Inventory was at the lowest level compared to February of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2016 MSI of 8.6 months was at a mid rangecompared with February of 2015 and 2014.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 162, up 7.3% from 151days last month and down -1.8% from 165 days in February of last year. The February 2016 DOM was at a mid range compared with February of 2015 and2014.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impactedby the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2016 Selling Price per Square Foot of $275 was up 0.4% from $274 last month and down -1.8% from $280 in February of last year.


February 2016





Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2016 Selling Price vs List Price of 96.6% wasup from 95.9% last month and up from 95.8% in February of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in February 2016 was 103, up 35.5% from 76 lastmonth and up 68.9% from 61 in February of last year.


February 2016

City: WiltonSteven Thomson"The Best Move You Can Make"(203) [email protected]





Median List Price of all Current Listings $949,700 -1% � -5% � � � �Average List Price of all Current Listings $1,096,923 1% � -12% � � � �February Median Sales Price $550,000 -53% -22% -30% -33% $861,000 0% 5%February Average Sales Price $591,000 -51% -22% -31% -34% $902,900 2% 1%Total Properties Currently for Sale (Inventory) 192 17% � 16% � � � �February Number of Properties Sold 5 0% � -55% � 10 -47% �February Average Days on Market (Solds) 140 -8% -6% 17% -4% 146 23% 0%Asking Price per Square Foot (based on New Listings) $302 0% 0% 2% 1% $302 3% 1%February Sold Price per Square Foot $284 -4% 3% -11% -1% $290 -4% 1%February Month's Supply of Inventory 38.4 17% 43% 156% 184% 35.6 123% 164%February Sale Price vs List Price Ratio 90.4% -1.5% -3% -8% -5.7% 91.0% -6.6% -5.1%


Property Sales February Property sales were 5, down -54.5% from 11 in February of 2015 and equal to 0.0% 5 sales last month. February 2016 sales were at their lowest levelcompared to February of 2015 and 2014. February YTD sales of 10 are running -47.4% behind last year's year-to-date sales of 19.

Prices The Median Sales Price in February was $550,000, down -29.7% from $782,000 in February of 2015 and down -53.0% from $1,170,000 last month. TheAverage Sales Price in February was $591,000, down -31.4% from $862,000 in February of 2015 and down -51.4% from $1,214,800 last month. February2016 ASP was at the lowest level compared to February of 2015 and 2014.


February 2016





Inventory & MSI The Total Inventory of Properties available for sale as of February was 192, up 17.1% from 164 last month and up 16.4% from 165 in February of last year. February 2016 Inventory was at highest level compared to February of 2015 and 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2016 MSI of 38.4 months was at its highestlevel compared with February of 2015 and 2014.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for February was 140, down -7.9% from 152days last month and up 16.7% from 120 days in February of last year. The February 2016 DOM was at a mid range compared with February of 2015 and 2014.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impactedby the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2016 Selling Price per Square Foot of $284 was down -4.1% from $296 last month and down -11.3% from $320 in February of last year.


February 2016





Selling Price vs Listing Price The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The February 2016 Selling Price vs List Price of 90.4% wasdown from 91.8% last month and down from 97.9% in February of last year.

Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annualseasonality of the market as well as the relationship between these items. The number of New Listings in February 2016 was 51, up 24.4% from 41 last monthand equal to 51 in February of last year.

Documents

Steven Thomson City: Westportfiles.ctctcdn.com/a39349ce001/68104139-ba4f-446a-a02a-6... · 2016. 3. 14. · Steven Thomson "The Best Move You Can Make" (203) 247-6765 [email protected]