Q4 REPORTMARKET DARIEN • ROWAYTON • NEW CANAAN
EASTLAGRANGEVILLEDUTCHESSFISHKILLBREWSTERSPRINGCOLD CHAPPAQUASOMERS IRVINGTONARDSLEYBRIARCLIFFMANOR PLAINSWHITE NEW ROCHELLE YORKTOWN BEDFORD/POUND RIDGE SCARSDALE LARCHMONT BRONXVILLE YONKERSWESTCHESTERPUTNAMARMONKRYEKATONAHPELHAMMILLBROOKFAIRFIELD RHINEBECK GREENWICH DARIEN ROWAYTONRIVERSIDENEW CANAANCROTON-ONHUDSON1,�00+ AGENTS. ONE SIMPLE MISSION. We hire the best agents in the business. Each brings a wealth of knowledge and expertise about their local communities. Each has their own style. What every agent shares is a commitment to service and Houlihan Lawrence’s legacy of leadership. WHITE GLOVE SERVICE. LOCAL EXPERTISE. A PASSION FOR GETTING RESULTS.
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During the fourth quarter, home sales in Darien, New Canaan, and Rowayton continued to reflect the same trends as experienced throughout 2021. Prices continued to increase, inventory hit an all-time low, and homes often sold at or over list price with an extremely short time on the market.
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The robust gains experienced in 2021 will likely taper o as we look ahead to 2022. As the supply of homes has declined to historic lows, the velocity of closed sales has also cooled down. Pent-up buyer demand and low inventory levels will continue to increase home prices and fuel a competitive seller’s market next year.
FOURTH QUARTER 2021 EXECUTIVE SUMMARY
The number of homes sold in the 4th quarter in Darien, New Canaan, and Rowayton lagged by 33.94%, 45.76%, and 60%, respectively, compared to last year. As of December 31st, the number of homes for sale in Darien, New Canaan, and Rowayton was down 78.50%, 48.60%, and 36.40%. And the number of pending sales was down 23.70%, 23.90%, and 58.30%.
HOULIHANLAWRENCE.COM 2021Q4 2020Q4 CHANGE% FY 2021 FY 2020 CHANGE% Homes Sold F ull Year PRICSALESMEDIANE SOLDHOMESOFNUMBER 0 $1,200$900,$600,$300,000000000,000$1,500,000 5040030200100000 2014 2015 2016 2017 2018 2019 2020 202120132012 270 277 268 286 250 305 262 276 437 darien 422$1,200,000 $1,350,000 $1,462,247 $1,442,500 $1,350,000 $1,425,000 $1,350,000 $1,240,000 $1,425,000 $1,642,000 DARIEN TEN-YEAR MARKET HISTORY to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice QUARTERLY MARKET OVERVIEW HOMES MEDIANSOLDSALE PRICE AVERAGE SALE PRICE AVERAGE PRICE/ SQUARE FOOT DAYS ON MARKET % SALE PRICE TO LIST PRICE $1,650,00072$2,015,903$5217099.94% $1,525,000109$1,759,616$45511397.21% -38.05%-33.94%8.20%14.56%14.53%2.81% NEWYORK NEW CANAANDARIEN ROWAYTON STAMFORD NORWALKWILTON to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice$1,478,314$44912095.38% $1,618,805$46812396.79% $1,619,782$47510997.46% $1,705,979$50410596.85% $1,673,647$49011096.67% $1,676,744$47712696.44% $1,603,743$45912295.59% $1,534,435$42914795.14% $1,655,525$44712497.07% $1,929,798$506$70100.07% $1,642,000422$1,929,798$50670100.07% $1,425,000437$1,655,525$44712497.07% -43.55%16.57%15.23%-3.43%13.23%3.09%
HOULIHANLAWRENCE.COM AS OF DEC 31, ���1 AS OF DEC 31, ���� ���1 vs. ���� 12/31/211/1/21- 12/31/201/1/20- %CHANGE2021/2020 DARIEN *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 000435224 LISTINGSSUPPLY:ACTIVE 442152371 DEMAND:PENDINGSALES 000011114 DEMANDSUPPLY/RATIO* Market Totals 20 29 1 SUPPLY/DEMAND ANALYSIS 1063181779158 LISTINGSSUPPLY:ACTIVE 1501472630 DEMAND:PENDINGSALES 3 Not 423Valid125 Not Valid DEMANDSUPPLY/RATIO* 93 38 2 CHANGE%LISTINGSIN CHANGE% PENDINGSIN -100.00%-100.00%-100.00%-60.00%-83.33%-70.60%-71.40%-86.70%-50.00% -50.00%-42.90%-66.70%0.00%0.00%0.00%0.00%133.30%0.00% -78.50% -23.70% Source: SMLS Darien, Single Family Homes, Sold SOLD PROPERTIES Market Totals 422 437 -3.40% PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 11353183903545587 13523871924034322 250.00%-62.50%-21.70%-25.40%-16.30%-2.20%-12.50%32.40%81.30% FULL YEAR
HOULIHANLAWRENCE.COM 2021Q4 2020Q4 CHANGE% FY 2021 FY 2020 CHANGE% ROWAYTON TEN-YEAR MARKET HISTORY to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice QUARTERLY MARKET OVERVIEW to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice NEWYORK NEW CANAANDARIEN ROWAYTON STAMFORD NORWALKWILTON $1,245,525$45411993.92% $1,135,079$3749995.18% $1,340,895$43911797.00% $1,273,027$43513695.60% $1,337,149$46414595.44% $1,379,318$45910995.08% $1,273,418$4469296.74% Homes Sold F ull Year PRICSALESMEDIANE SOLDHOMESOFNUMBER 0 $1,200$900,$600,$300,000000000,000$1,500,000 5040030200100000 2014 2015 2016 2017 2018 2019 2020 202120132012 59 69 76 74 82 87 69 84 116 rowayton 91 $1,010,000 $878,300 $979,750 $1,187,500 $1,205,000 $1,325,000 $975,000 $1,207,750 $1,217,000 $1,610,000 $1,276,696$43913996.13% $1,345,651$45311097.60% $1,774,300$549$8099.78% HOMES MEDIANSOLDSALE PRICE AVERAGE SALE PRICE AVERAGE PRICE/ SQUARE FOOT DAYS ON MARKET % SALE PRICE TO LIST PRICE $1,662,50016$2,019,398$6208998.37% $1,385,00040$1,586,010$47910697.10% -60.00%20.04%27.33%29.40%-16.04%1.30% $1,610,00091$1,774,300$5498099.78% $1,217,000116$1,345,651$45311097.60% -21.55%32.29%31.85%21.28%-27.27%2.23%
20161571183101 26134381910231 -46.20%-75.00%-42.30%-57.90%5.30%80.00%50.00%233.30%0.00% FULL YEAR
HOULIHANLAWRENCE.COM AS OF DEC 31, ���1 AS OF DEC 31, ���� ���1 vs. ���� 12/31/211/1/21- 12/31/201/1/20- %CHANGE2021/2020 ROWAYTON SUPPLY/DEMAND ANALYSIS Source: SMLS, Rowayton, Single Family Homes, Sold *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 000004111 LISTINGSSUPPLY:ACTIVE 000000131 DEMAND:PENDINGSALES Not 0Valid1 Not Valid Not 0Valid Not Valid Not Valid Not Valid DEMANDSUPPLY/RATIO* Market Totals 7 5 1 003311111 LISTINGSSUPPLY:ACTIVE 002132211 DEMAND:PENDINGSALES Not 0031Valid211 Not Valid DEMANDSUPPLY/RATIO* 11 12 1 CHANGE%LISTINGSIN CHANGE% PENDINGSIN -100.00%-100.00%-100.00%-100.00%33.33%0.00%0.00%0.00%0.00% -100.00%-100.00%-100.00%-100.00%200.00%-50.00%0.00%-50.00%0.00% -36.40% -58.30% SOLD PROPERTIES Market Totals 91 116 -21.60% PRICE RANGE $0 -
$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup
HOULIHANLAWRENCE.COM 2021Q4 2020Q4 CHANGE% FY 2021 FY 2020 CHANGE% NEW CANAAN QUARTERLY MARKET OVERVIEW NEWYORK NEW CANAANDARIEN ROWAYTON STAMFORD NORWALKWILTON TEN-YEAR MARKET HISTORY to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice$1,613,791$39513294.24% $1,661,172$38912395.55% $1,929,472$39012295.81% $1,783,190$40712696.14% $1,770,026$35614894.63% $1,713,202$35514794.72% $1,628,161$34213893.80% Homes Sold F ull Year PRICSALESMEDIANE SOLDHOMESOFNUMBER 0 $300 ,0 00 $600 ,0 00 $900 ,0 00 $1,200 ,0 00 $1 ,5 00 ,0 00 $1,800 ,0 00 7060504003020010000000 2014 2015 2016 2017 2018 2019 2020 202120132012 209 277 250 251 194 255 217 248 390 new canaan 440 $1,322,500 $1,425,000 $1,662,500 $1,517,500 $1,447,500 $1,475,000 $1,341,500 $1,238,750 $1,399,500 $1,725,000 $1,424,860$31716493.42% $1,670,517$33713796.07% $1,995,194$400$8199.55% HOMES MEDIANSOLDSALE PRICE AVERAGE SALE PRICE AVERAGE PRICE/ SQUARE FOOT DAYS ON MARKET % SALE PRICE TO LIST PRICE $2,020,508$1,705,50064$4356798.79% $1,468,000118$1,700,904$35411696.90% -42.24%-45.76%16.18%18.79%23.09%1.95% $1,725,000440$1,995,194$4008199.55% $1,399,500390$1,670,517$33713796.07% -40.88%23.26%12.82%19.44%18.78%3.62%
HOULIHANLAWRENCE.COM AS OF DEC 31, ���1 AS OF DEC 31, ���� ���1 vs. ���� 12/31/211/1/21- 12/31/201/1/20- %CHANGE2021/2020 NEW CANAAN Source: SMLS, New Canaan, Single Family Homes, Sold SUPPLY/DEMAND ANALYSIS *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 16024962711 LISTINGSSUPPLY:ACTIVE 000364868 DEMAND:PENDINGSALES Not Valid Not 0221Valid12 Not Valid DEMANDSUPPLY/RATIO* Market Totals 57 35 2 231616110321147 LISTINGSSUPPLY:ACTIVE 1400667580 DEMAND:PENDINGSALES Not Valid Not 42Valid1233 Not Valid DEMANDSUPPLY/RATIO* 111 46 2 CHANGE%LISTINGSIN CHANGE% PENDINGSIN -50.00%-63.60%-33.30%0.00%-43.80%-71.40%-87.50%-30.40%57.10% -50.00%0.00%0.00%-57.10%-33.30%14.30%20.00%0.00%0.00% -48.60% -23.90% SOLD PROPERTIES Market Totals 440 390 12.80% PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 11633091116643584 13861180783744333 Not-50.00%Valid-45.90%-15.90%42.30%78.40%95.50%75.80%33.30% FULL YEAR
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