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Fairfield County Real Estate Market Activity through July 2014

Summary

YTD Sales (SF) through July 2014 vs. 2013 are down in Westport (-16.6%), Weston (-7.8%), Wilton (-18.1%), Fairfield (-6.2%), up in Southport (+12.1), down in Norwalk (-10.7%), Rowayton  (-2.3%), up in Easton (+18.2%) and Greenwich (+1.9%).

Average Sales Price vs. last year; down in Westport (-1.5%), up in Weston (+4.6%), Wilton (+4.7%), Fairfield (+1.3%), down in Southport (-0.7%), up in Norwalk (+2.2%),Rowayton (+6.7%) and Easton (+0.5%).

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

July YTD sales of 216 are running -16.6% behind last year’s year-to-date sales of 259. July Property sales were 43, down -8.5% from 47 in July of 2013 and 2.4% higher than the 42 sales last month. July 2014 sales were at their lowest level compared to July of 2013 and 2012.

Average sales price: $1,546,468 (-1.5%)

Weston

July YTD sales of 94 are running -7.8% behind last year’s year-to-date sales of 102. July Property sales were 31, up 24.0% from 25 in July of 2013 and 63.2% higher than the 19 sales last month. July 2014 sales were at their highest level compared to July of 2013 and 2012.

Average sales price: $921,305 (+4.6%)

Wilton

July YTD sales of 136 are running -18.1% behind last year’s year-to-date sales of 166. July Property sales were 27, down -34.1% from 41 in July of 2013 and -28.9% lower than the 38 sales last month. July 2014 sales were at their lowest level compared to July of 2013 and 2012.

Average sales price: $933,190 (+4.7%)

Fairfield

July YTD sales of 391 are running -6.2% behind last year’s year-to-date sales of 417. July Property sales were 70, down -42.6% from 122 in July of 2013 and -23.1% lower than the 91 sales last month. July 2014 sales were at a mid level compared to July of 2013 and 2012.

Average sales price: $721,621 (+1.3%)

Southport

July YTD sales of 37 are running 12.1% ahead of last year’s year-to-date sales of 33. July Property sales were 4, down -71.4% from 14 in July of 2013 and -55.6% lower than the 9 sales last month. July 2014 sales were at their lowest level compared to July of 2013 and 2012. Average sales price: $1,183,649 (-0.7%)

Norwalk

July YTD sales of 334 are running -10.7% behind last year’s year-to-date sales of 374. July Property sales were 59, down -10.6% from 66 in July of 2013 and -24.4% lower than the 78 sales last month. July 2014 sales were at their lowest level compared to July of 2013 and 2012.

Average sales price: $563,390 (+2.2%)

Rowayton

July YTD sales of 43 are running -2.3% behind last year’s year-to-date sales of 44. July Property sales were 7, equal to 7 in July of 2013 and -53.3% lower than the 15 sales last month. July 2014 sales were at their lowest level compared to July of 2013 and 2012.

Average sales price: $1,190,372 (+6.8%)

Easton

July YTD sales of 65 are running 18.2% ahead of last year’s year-to-date sales of 55. July Property sales were 12, equal to 12 in July of 2013 and -42.9% lower than the 21 sales last month. July 2014 sales were at a mid level compared to July of 2013 and 2012.

Average sales price: $625,288 (+0.5%)

Greenwich

July YTD sales of 263 are running 1.9% ahead of last year’s year-to-date sales of 258. July Property sales were 53, down -7.0% from 57 in July of 2013 and -17.2% lower than the 64 sales last month. July 2014 sales were at a mid level compared to July of 2013 and 2012.

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