2nd Quarter Market Snapshot

LOWER FAIRFIELD COUNTY 2ND QUATER MARKET SNAPSHOT

Four Elm Street New Canaan, CT 06840 • 203.966.3555 •

newcanaan@raveis.com

NEW CANAAN, CT Median price in July was $1,320,000. This is down 31.9% from $1,937,500 in July of 2016. 3-month median price of $1,465,000 in July was down marginally from $1,500,000 in June but very slightly up from $1,445,000 in July of 2016. Price per square foot in July was $390. This is down from $401 in June and down from $423 in July of 2016.

MARKET OVERVIEW Q2 2017

Q2 2016

% CHANGE

80

71

13%

Average Sale Price

$1,692,394

$1,784,740

-5%

Median Sale Price

$1,448,500

$1,500,000

-3%

88

130

-32%

94%

95%

-1%

# of Sales

Average DOM Sale to List Price % ABSORPTION

SALES LAST 6 MONTHS

ACTIVE LISTING

SUPPLY/ ABSORPTION RATE

$0-1M

34

46

8.12

$1M - 2.5M

74

158

12.81

$2.5M - $5M

16

82

30.75

$5M+

3

21

42

Total

127

307

14.50

Q2 2017

Q2 2016

% CHANGE

$0-1M

19

12

58%

$1M - 2.5M

50

48

4%

$2.5M - $5M

9

10

-10%

$5M+

2

1

100%

Total

80

71

13%

TOTAL SALES

GREENWICH, CT Median price in July was $1,660,000. This is down 14.9% from $1,950,000 in July of 2016.

On a year-over-year basis, median price has been falling for 5 months. This is the lowest median price has been since December, 2016. 3-month median price of $1,689,500 in July was down marginally from $1,767,500 in June and down a little from $1,775,000 in July of 2016. Price per square foot in July was $538. This is down from $584 in June and down from $565 in July of 2016.

MARKET OVERVIEW Q2 2017

Q2 2016

% CHANGE

88

85

4%

Average Sale Price

$2,470,350

$2,572,173

-4%

Median Sale Price

$1,713,500

$2,050,000

-16%

Average DOM

230

214

7%

Sale to List Price %

94%

95%

-1%

# of Sales

ABSORPTION SALES LAST 6 MONTHS

ACTIVE LISTING

SUPPLY/ ABSORPTION RATE

$0-1M

36

33

5.50

$1M - 2.5M

67

122

10.93

$2.5M - $5M

39

153

23.54

$5M+

22

128

34.91

Total

164

436

15.95

Q2 2017

Q2 2016

% CHANGE

$0-1M

24

10

140%

$1M - 2.5M

31

44

-30%

$2.5M - $5M

21

21

0%

$5M+

12

10

20%

Total

88

85

4%

TOTAL SALES

OLD GREENWICH, CT Median price in July was $1,950,000. This is up 5.8% from $1,842,500 in July of 2016.

3-month median price of $1,950,000 in July was down a little from $2,095,000 in June and down modestly from $2,125,000 in July of 2016. Price per square foot in July was $738. This is up from $570 in June and up from $652 in July of 2016.

MARKET OVERVIEW Q2 2017

Q2 2016

% CHANGE

20

25

-20%

Average Sale Price

$2,161,200

$2,268,220

-5%

Median Sale Price

$2,095,000

$2,285,000

-8%

Average DOM

198

209

-5%

Sale to List Price %

95%

96%

-1%

# of Sales

ABSORPTION SALES LAST 6 MONTHS

ACTIVE LISTING

SUPPLY/ ABSORPTION RATE

$0-1M

2

0

0.00

$1M - 2.5M

21

39

11.14

$2.5M - $5M

9

30

20.00

$5M+

2

10

30.00

Total

34

79

13.94

Q2 2017

Q2 2016

% CHANGE

$0-1M

1

4

-75%

$1M - 2.5M

12

10

20%

$2.5M - $5M

6

11

-45%

$5M+

1

0

0%

Total

20

25

-20%

TOTAL SALES

DARIEN, CT Median price in July was $1,309,000. This is up 13.3% from $1,155,000 in July of 2016.

This is the lowest median price has been since November, 2016. 3-month median price of $1,390,000 in July was down a little from $1,395,000 in June and down just slightly from $1,400,000 in July of 2016. Price per square foot in July was $461. This is down from $480 in June and down from $474 in July of 2016.

MARKET OVERVIEW Q2 2017

Q2 2016

% CHANGE

85

83

2%

Average Sale Price

$1,737,568

$1,656,319

5%

Median Sale Price

$1,385,000

$1,400,000

-1%

118

98

20%

95%

97%

-2%

# of Sales

Average DOM Sale to List Price % ABSORPTION

SALES LAST 6 MONTHS

ACTIVE LISTING

SUPPLY/ ABSORPTION RATE

$0-1M

28

34

7.29

$1M - 2.5M

88

117

7.98

$2.5M - $5M

16

50

18.75

$5M+

1

17

102.00

Total

133

218

9.83

Q2 2017

Q2 2016

% CHANGE

$0-1M

19

19

0%

$1M - 2.5M

55

50

10%

$2.5M - $5M

10

13

-23%

$5M+

1

1

0%

Total

85

83

2%

TOTAL SALES

WESTPORT, CT Median price in July was $1,325,000. This is down 1.9% from $1,350,000 in July of 2016.

3-month median price of $1,350,000 in July was up just slightly from $1,331,000 in June and up a little from $1,275,000 in July of 2016. Price per square foot in July was $425. This is down from $441 in June and down from $482 in July of 2016.

MARKET OVERVIEW Q2 2017

Q2 2016

% CHANGE

137

124

10%

Average Sale Price

$1,332,318

$1,525,887

9%

Median Sale Price

$1,325,000

$1,250,000

6%

78

90

-13%

96%

95%

1%

# of Sales

Average DOM Sale to List Price % ABSORPTION

SALES LAST 6 MONTHS

ACTIVE LISTING

SUPPLY/ ABSORPTION RATE

$0-1M

61

88

8.66

$1M - 2.5M

117

196

10.05

$2.5M - $5M

23

85

22.17

$5M+

4

14

21.00

Total

205

383

11.21

Q2 2017

Q2 2016

% CHANGE

$0-1M

40

48

-17%

$1M - 2.5M

80

60

33%

$2.5M - $5M

14

15

-7%

$5M+

4

2

100%

Total

138

125

10%

TOTAL SALES

WILTON, CT Median price in July was $737,500. This is up 7.7% from $685,000 in July of 2016. 3-month median price of $775,000 in July was very slightly up from $774,000 in June and up marginally from $774,750 in July of 2016. Price per square foot in July was $265. This is up from $250 in June but down from $266 in July of 2016.

MARKET OVERVIEW Q2 2017

Q2 2016

% CHANGE

70

75

-7%

Average Sale Price

$821,662

$888,506

-8%

Median Sale Price

$774,000

$845,000

-8%

Average DOM

142

130

9%

Sale to List Price %

96%

96%

0%

# of Sales

ABSORPTION SALES LAST 6 MONTHS

ACTIVE LISTING

SUPPLY/ ABSORPTION RATE

$0-1M

91

123

8.11

$1M - 2.5M

21

84

24.00

$2.5M - $5M

2

12

36.00

$5M+

0

1

0

Total

114

220

11.58

Q2 2017

Q2 2016

% CHANGE

$0-1M

60

54

11%

$1M - 2.5M

10

20

-50%

$2.5M - $5M

0

1

-100%

$5M+

0

0

0%

Total

70

75

-7%

TOTAL SALES