Houlihan Lawrence Q2-2022 Market Report for Westport, Southport, Fairfield

W E S T P O RT SO U T H P O RT & FA I R F I E L D

Market Report

Q2-2022

WESTPORT

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

144

152

-5.3%

231

267

-13.5%

AVERAGE SALE PRICE

$2,489,443 $1,854,967

34.2%

$2,410,839 $1,849,104

30.4%

MEDIAN SALE PRICE

$2,050,000 $1,562,500

31.2%

$2,075,000 $1,575,000

31.7%

AVERAGE PRICE PER SQUARE FOOT

$588

$480

22.5%

$559

$451

23.9%

AVERAGE DAYS ON MARKET

49

57

-14.0%

56

64

-12.5%

% SALE PRICE TO LIST PRICE

105.1%

101.2%

3.9%

103.7%

100.2%

3.5%

TEN-YEAR MARKET HISTORY

Average Sale Price

$1,533,045 $1,545,200

$1,647,416

$1,527,152

$1,532,674 $1,457,544

$1,361,657

$1,595,659 $1,832,804 $2,410,839 Average Sale Price

Average Price/SqFt

$373

$385

$403

$376

$364

$355

$345

$375

$456

$559

Days On Market

107

111

113

120

119

98

120

102

57

56

%Sale Price to List Price

94.3

96.0

94.5

94.9

95.4

95.6

93.9

97.1

100.5

103.7

* Homes sold for 2022 are annualized based on actual sales year-to-date.

HOULIHANLAWRENCE.COM

Average Price/SqFt Days On Market %Sale Price to List Price

WESTPORT SUPPLY/DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

AS OF JUNE 30, 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $499,999

0

0

Not Valid

3

0

Not Valid

-100.0%

0.0%

$500,000 - $699,999

7

2

4

6

2

3

16.7%

0.0%

$700,000 - $999,999

13

5

3

33

13

3

-60.6%

-61.5%

$1,000,000 - $1,499,999

13

13

1

27

26

1

-51.9%

-50.0%

$1,500,000 - $1,999,999

18

16

1

27

26

1

-33.3%

-38.5%

$2,000,000 - $2,499,999

17

10

2

20

17

1

-15.0%

-41.2%

$2,500,000 - $2,999,999

14

12

1

19

9

2

-26.3%

33.3%

$3,000,000 - $3,999,999

17

19

1

32

15

2

-46.9%

26.7%

$4,000,000 and up

24

12

2

34

7

5

-29.4%

71.4%

Market Totals

123

89

1

201

115

2

-38.8%

-22.6%

*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand

SOLD PROPERTIES YEAR-TO-DATE

PRICE RANGE $0 - $499,999

01/01/2022 06/30/2022

YEAR-OVER-YEAR

01/01/2021 06/30/2021

1

% CHANGE 2022/2021

5

-80.0%

07/01/2021 06/30/2022 4

07/01/2020 06/30/2021

% CHANGE 2022/2021

16

-75.0%

$500,000 - $699,999

5

9

-44.4%

17

40

-57.5%

$700,000 - $999,999

22

42

-47.6%

77

122

-36.9%

$1,000,000 - $1,499,999

40

71

-43.7%

99

191

-48.2%

$1,500,000 - $1,999,999

38

45

-15.6%

96

133

-27.8%

$2,000,000 - $2,499,999

38

43

-11.6%

83

87

-4.6%

$2,500,000 - $2,999,999

30

19

57.9%

56

45

24.4%

$3,000,000 - $4,999,999

44

27

63.0%

72

59

22.0%

$5,000,000 and up

Market Totals

13

6

116.7%

18

14

28.6%

231

267

-13.5%

522

707

-26.2%

Source: Smart MLS, Westport, Single Family Homes, Sold

SOUTHPORT

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

19

24

-20.8%

35

43

-18.6%

AVERAGE SALE PRICE

$1,995,784 $1,335,700

49.4%

$1,677,937 $1,369,320

22.5%

MEDIAN SALE PRICE

$1,502,400 $1,179,000

27.4%

$1,315,000 $1,230,000

6.9%

AVERAGE PRICE PER SQUARE FOOT

$568

$407

39.6%

$493

$399

23.6%

AVERAGE DAYS ON MARKET

29

59

-50.8%

46

80

-42.5%

% SALE PRICE TO LIST PRICE

103.0%

99.2%

3.8%

101.4%

97.6%

3.9%

TEN-YEAR MARKET HISTORY

Average Sale Price

$1,468,262 $1,095,475

$1,152,340

$919,602

$1,219,656 $1,195,440

$933,855

$1,581,913

$1,537,753

$1,677,937 Average Sale Price

Average Price/SqFt

$345

$330

$338

$305

$359

$323

$276

$380

$425

$493

Average Price/SqFt

Days On Market

120

101

134

117

99

92

83

120

69

46

Days On Market

%Sale Price to List Price

93.9

94.9

95.7

94.0

95.5

93.8

95.8

95.4

97.6

101.4

* Homes sold for 2022 are annualized based on actual sales year-to-date.

HOULIHANLAWRENCE.COM

%Sale Price to List Price

SOUTHPORT SUPPLY/DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

AS OF JUNE 30, 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $499,999

0

0

Not Valid

0

0

Not Valid

0.0%

0.0%

$500,000 - $699,999

3

0

Not Valid

3

0

Not Valid

0.0%

0.0%

$700,000 - $999,999

5

1

5

4

1

4

25.0%

0.0%

$1,000,000 - $1,499,999

3

4

1

3

5

1

0.0%

-20.0%

$1,500,000 - $1,999,999

3

1

3

1

3

1

200.0%

-66.7%

$2,000,000 - $2,499,999

0

2

0

1

0

Not Valid

-100.0%

0.0%

$2,500,000 - $2,999,999

3

0

Not Valid

2

1

2

50.0%

-100.0%

$3,000,000 - $3,999,999

1

1

1

1

1

1

0.0%

0.0%

4

0

Not Valid

3

0

Not Valid

33.3%

0.0%

22

9

2

18

11

2

22.2%

-18.2%

$4,000,000 and up

Market Totals

*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand

SOLD PROPERTIES YEAR-TO-DATE

PRICE RANGE

01/01/2022 06/30/2022

YEAR-OVER-YEAR

01/01/2021 06/30/2021

% CHANGE 2022/2021

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

$0 - $499,999

2

3

-33.3%

3

7

-57.1%

$500,000 - $699,999

4

5

-20.0%

7

16

-56.3%

$700,000 - $999,999

5

9

-44.4%

12

23

-47.8%

$1,000,000 - $1,499,999

10

13

-23.1%

24

36

-33.3%

$1,500,000 - $1,999,999

6

2

200.0%

11

10

10.0%

$2,000,000 - $2,499,999

3

6

-50.0%

3

14

-78.6%

$2,500,000 - $2,999,999

2

4

-50.0%

4

9

-55.6%

$3,000,000 - $4,999,999

2

1

100.0%

5

4

25.0%

$5,000,000 and up

1

0

Not Valid

2

1

100.0%

Market Totals

35

43

-18.6%

71

120

-40.8%

Source: Smart MLS, Southport, Town of Fairfield (zip code 06890), Single Family Homes, Sold

FAIRFIELD

QUARTERLY MARKET OVERVIEW

HOMES SOLD

Q2 2022

Q2 2021

% CHANGE

YTD 2022

YTD 2021

% CHANGE

130

150

-13.3%

211

276

-23.6%

AVERAGE SALE PRICE

$1,257,780 $1,106,086

13.7%

$1,178,818 $1,054,594

11.8%

MEDIAN SALE PRICE

$930,000 $850,000

9.4%

$901,000

$832,500

8.2%

AVERAGE PRICE PER SQUARE FOOT

$451

$358

26.0%

$417

$347

20.2%

AVERAGE DAYS ON MARKET

37

55

-32.7%

45

63

-28.6%

% SALE PRICE TO LIST PRICE

103.5%

100.5%

3.0%

102.9%

99.5%

3.4%

TEN-YEAR MARKET HISTORY

Average Sale Price

$798,087

$780,004

$816,093

$804,907

$797,288

$868,870

$812,545

$913,866

$1,070,375

Average Price/SqFt

$297

$295

$300

$303

$289

$300

$294

$305

$362

$417

Days On Market

99

101

101

109

89

83

97

88

55

45

%Sale Price to List Price

95.8

95.7

95.8

95.9

96.2

95.9

95.1

97.3

99.7

102.9

* Homes sold for 2022 are annualized based on actual sales year-to-date.

HOULIHANLAWRENCE.COM

$1,178,818 Average Sale Price Average Price/SqFt Days On Market %Sale Price to List Price

FAIRFIELD SUPPLY/DEMAND ANALYSIS AS OF JUNE 30, 2022 PRICE RANGE

SUPPLY: ACTIVE LISTINGS

AS OF JUNE 30, 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

SUPPLY: ACTIVE LISTINGS

vs. 2021

DEMAND: PENDING SALES

SUPPLY/ DEMAND RATIO*

% CHANGE IN LISTINGS

% CHANGE IN PENDINGS

$0 - $499,999

10

9

1

14

9

2

-28.6%

0.0%

$500,000 - $699,999

24

13

2

24

13

2

0.0%

0.0%

$700,000 - $999,999

33

16

2

28

20

1

17.9%

-20.0%

$1,000,000 - $1,499,999

23

14

2

20

21

1

15.0%

-33.3%

$1,500,000 - $1,999,999

13

6

2

12

7

2

8.3%

-14.3%

$2,000,000 - $2,499,999

7

4

2

6

7

1

16.7%

-42.9%

$2,500,000 - $2,999,999

3

0

Not Valid

8

2

4

-62.5%

-100.0%

$3,000,000 - $3,999,999

5

2

3

7

1

7

-28.6%

100.0%

6

0

Not Valid

8

1

8

-25.0%

-100.0%

124

64

2

127

81

2

-2.4%

-21.0%

$4,000,000 and up

Market Totals

*Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand

SOLD PROPERTIES YEAR-TO-DATE

PRICE RANGE

01/01/2022 06/30/2022

YEAR-OVER-YEAR

01/01/2021 06/30/2021

% CHANGE 2022/2021

07/01/2021 06/30/2022

07/01/2020 06/30/2021

% CHANGE 2022/2021

$0 - $499,999

19

36

-47.2%

61

99

-38.4%

$500,000 - $699,999

48

62

-22.6%

102

164

-37.8%

$700,000 - $999,999

58

79

-26.6%

121

221

-45.2%

$1,000,000 - $1,499,999

34

50

-32.0%

92

112

-17.9%

$1,500,000 - $1,999,999

34

24

41.7%

63

57

10.5%

$2,000,000 - $2,499,999

4

11

-63.6%

16

26

-38.5%

$2,500,000 - $2,999,999

4

6

-33.3%

10

13

-23.1%

$3,000,000 - $4,999,999

8

8

0.0%

12

15

-20.0%

$5,000,000 and up

2

0

Not Valid

4

1

300.0%

211

276

-23.6%

481

708

-32.1%

Market Totals

Source: Smart MLS, Town of Fairfield (zip code 06824), Single Family Homes, Sold

TIME

EMPOWERS US

#

1

R E A L E S TAT E B R O K E R A G E

N O R T H O F N YC

H O U L I H A N L AW R E N C E SC A N TO D I S COV E R W H Y W E ’ R E T H E A R E A’ S H O M E F O R R E A L E S TAT E T I M E E M P O W E R S U S .C O M Source: OKMLS, MHMLS, SmartMLS, GMLS, 1/1/2021-12/31/2021, Westchester, Putnam, Dutchess Counties NY, Greater Greenwich, Darien, New Canaan, total dollar volume sold/rented combined.

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