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Fairfield County Real Estate Market Activity – April 2014

Summary

YTD Sales (SF) through April 2014 vs. 2013 were down in Westport (-17.4%), Weston (-22.2%), Wilton (-3.8%), up in Fairfield (+9.5%) and Southport (+66.7%), down in Norwalk (-15.1%) and Rowayton (-17.6%) and up in Greenwich (+4.1%).

Average Sales Price vs. last year; up in Westport (+2.3%), Southport (+26%), Rowayton (+32.5%), Weston (+23.4%), Wilton (+17%), Fairfield (+4.1%), Norwalk (+12%), down in Easton (-10%).

For detailed Market Action Reports for each town, showing market trends for the past 2 plus years, including property sales, prices, inventory, days on market, sales price vs. list price, price per square foot, go to my market data report page.

Westport

April YTD sales of 90 are running -17.4% behind last year’s year-to-date sales of 109. April Property sales were 27, down -10.0% from 30 in April of 2013 and -6.9% lower than the 29 sales last month. April 2014 sales were at a mid level compared to April of 2013 and 2012.

Average sales price: $1,578,188 (+2.3%)

Weston

April YTD sales of 28 are running -22.2% behind last year’s year-to-date sales of 36. April Property sales were 11, down -38.9% from 18 in April of 2013 and 1000.0% higher than the 1 sales last month. April 2014 sales were at a mid level compared to April of 2013 and 2012.

Average sales price: $966,084 (+23.4%)

Wilton

April YTD sales of 50 are running -3.8% behind last year’s year-to-date sales of 52. April Property sales were 16, up 23.1% from 13 in April of 2013 and 77.8% higher than the 9 sales last month. April 2014 sales were at their highest level compared to April of 2013 and 2012.

Average sales price: $950,388 (+17%)

Fairfield

April YTD sales of 161 are running 9.5% ahead of last year’s year-to-date sales of 147. April Property sales were 60, up 1.7% from 59 in April of 2013 and 53.8% higher than the 39 sales last month. April 2014 sales were at their highest level compared to April of 2013 and 2012.

Average sales price: $717,580 (+4.1%)

Southport

April YTD sales of 15 are running 66.7% ahead of last year’s year-to-date sales of 9. April Property sales were 1, down -50.0% from 2 in April of 2013 and -85.7% lower than the 7 sales last month. April 2014 sales were at their lowest level compared to April of 2013 and 2012.

Average sales price: $1,466,200 (+26%)

Norwalk

April YTD sales of 141 are running -15.1% behind last year’s year-to-date sales of 166. April Property sales were 41, down -24.1% from 54 in April of 2013 and 41.4% higher than the 29 sales last month. April 2014 sales were at their lowest level compared to April of 2013 and 2012.

Average sales price: $552,061 (+12%)

Rowayton

April YTD sales of 14 are running -17.6% behind last year’s year-to-date sales of 17.April Property sales were 7, up 40.0% from 5 in April of 2013 and 250.0% higher than the 2 sales last month. April 2014 sales were at their highest level compared to April of 2013 and 2012.

Average sales price: $1,233,777 (+32.5)

Easton

April YTD sales of 22 are running 10.0% ahead of last year’s year-to-date sales of 20. April Property sales were 10, up 11.1% from 9 in April of 2013 and 100.0% higher than the 5 sales last month. April 2014 sales were at their highest level compared to April of 2013 and 2012.

Average sales price: $547,059 (-10%)

Greenwich

April YTD sales of 102 are running 4.1% ahead of last year’s year-to-date sales of 98. April Property sales were 31, down -3.1% from 32 in April of 2013 and 63.2% higher than the 19 sales last month. April 2014 sales were at a mid level compared to April of 2013 and 2012.

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