Third Quarter 2016 Connecticut Market Report In This Issue
Berkshire Hathaway HomeServices New England Properties Named Top Workplace by the Hartford Courant and Hearst Media.
Welcome to Berkshire Hathaway HomeServices New England Properties’ Third Quarter 2016 Connecticut Market Report, our examination of the single family and condominium markets throughout the state compared with trends across the Northeast and nationwide. The third quarter of 2016 was uninspired with single family home sales flat, days on market up and average price down 3.7% to $378,600 when compared to last year. Year to date, more single family homes and condominiums have sold but at lower prices when compared to 2015. Entry level homes in every county were on the market for the shortest amount of time this quarter with an average of 75 days for single family homes sold under $350,000. That number doubles for homes sold at price points over $1,000,000. Condition is still the driving force in the difference between well-priced inventory sitting or selling as move-in ready homes are desirable for first time homebuyers, move-up buyers and downsizers alike. New data released by rental startup Zumper reported that 37% of millennial renters indicated they are interested in buying only when they’re ready to afford their dream home, signaling that they find the concept of a “starter home” less desirable than previous generations and pushing their initial purchase date later in life. This statistic reflects what Berkshire Hathaway HomeServices New England Properties’ agents have seen across the state with renovated homes or those kept up in pristine condition turn over quicker than those that have not. In Connecticut, true value opportunities exist at opposite ends of the market. Sellers of luxury homes are starting to drop prices dramatically, giving homebuyers the opportunity to buy their dream home in desirable neighborhoods. At the other end of the spectrum, buyers looking for a fixer-upper and low monthly payments are benefiting from the increase of foreclosure starts in the state as Connecticut countered the national trend in the month of July with a 50% increase. The election is an obvious stall factor for many homebuyers and sellers. After November 8th, we anticipate the market will open up extending the fall market through to the end of the year and into 2017. Sellers that take listings off the market during the holidays will only miss out as serious buyers are moving fast on well-priced homes. If you have any questions regarding this report or real estate questions in general, Berkshire Hathaway HomeServices New England Properties Realtors® are here to help you navigate the current market with expert knowledge and exceptional service.
Candace Adams
President/CEO
Prepared by: Candace Adams, President/CEO,
[email protected] Kathryn Redican, Director of Marketing,
[email protected]
ct market report • 2
Contents connecticut overview the luxury market fairfield County Hartford County litchfield County Middlesex County New Haven County
A PEEK INSIDE 155 Paine Road, Woodstock | $1,600,000 | John Downs This spectacular 4,874 sq. ft. reproduction Federal Colonial is located on over 21 acres. Designed by renowned Classic Colonial Homes of Deerfield, MA, the features of the home include; five working Rumford fireplaces, eastern white pine flooring throughout, a chef’s kitchen with cherry cabinets, Wolfe and Sub-zero appliances, soapstone and marble countertops and a beautiful glassed breakfast room. The master suite with fireplace, sitting room and balcony offers sweeping views. There is a large finished 3rd floor with a full bath as well as an in-law with fireplace and balcony. The heated in-ground pool boasts a pool-house and outdoor fireplace. The land features a dramatic reconstructed, circa 1810 true timber frame two-story barn. 860-377-0754 | 155PaineRoad.bhhsNEproperties.com
New london County Tolland County Windham County
Cover Photo: Greenwich 6LighthouseLane.bhhsNEproperties.com Information here-in is based in whole or part on reports supplied by Collateral Analytics and area Multiple Listing Services (MLS), for residential property transactions as of September 30, 2016, and is being provided “as is.” Data maintained by an MLS may not reflect all real estate activity in the market. It is deemed reliable but not guaranteed.
in the news Berkshire Hathaway HomeServices New England Properties Named Top Workplace by the Hartford Courant and Hearst Media. This is the 5th consecutive year Berkshire Hathaway HomeServices New England Properties has been ranked a Top Workplace by both the Hartford Courant and Hearst Media.
ct market report • 3
Connecticut Market Overview
Q3-2016
Mortgage Information What are your options? • CHFA with Down Payment Assistance • • • • • •
The Facts about Affording a Home Although it’s true that some credit standards have tightened, it’s easier and less expensive to own a home than ever before. If you’re a motivated buyer that is gainfully employed, has built reasonable credit and shown the ability to afford a mortgage, you’re going to get a great deal. Whether it’s a 30 year fixed at 3.375% and 20% down, or an FHA with 3.5% down at an interest rate of 3.25%, you’ll be hard pressed not to find a great home that you can afford.
Programs CHFA HFA CHFA FHA Home Ready / Home Possible FHA VA (for Veterans) USDA (for rural land)
get a jumpstart Take advantage of our JumpStart program to receive a full mortgage commitment, subject to a satisfactory appraisal. JumpStarts lets us and your Realtor® know you’re APPROVED, before you even find your home.
find out more For more information, contact a CTHM Brand Manager for personalized information to help you make a decision.
Three Corporate Drive, Suite 212 Shelton, CT 06484 Office: 800.459.1585
back to table of contents • www.bhhsNEproperties.com
ct market report • 4
Connecticut Market Overview
Q3-2016
Third quarter 2016 by the numbers • Single family homes in Connecticut saw a slight decrease of 1.4% in sales year over year (YOY) and a decrease in sales volume by 5.0%.
• The condominium market saw a decrease of 4.7% in number of sales when compared to Third Quarter 2015 and a 7.2% decrease in sales volume.
• Average price for single family homes was $378,600, a 3.6% decrease. Average price for condominiums decreased by 2.6% ($222,100) YOY. Average days on market for single family homes was 130 and 135 for condominiums.
• There were 85 sales between $2 - $3 million in Third Quarter 2016, down from 102 units in Second Quarter 2016. There were 41 sales in the $3-5 million range and 14 sales over $5 million. Numbers in chart below represent single family homes.
LITCHFIELD COUNTY
• Sales 525 • Average Price $259,100
TOLLAND COUNTY
HARTFORD COUNTY
• Sales 461 • Average Price $242,800
• Sales 2,457 • Average Price $271,600
WINDHAM LITCHFIELD HARTFORD
TOLLAND WINDHAM COUNTY
• Sales 399 • Average Price $183,800 FAIRFIELD COUNTY
• Sales 2,067 • Average Price $790,400
MIDDLESEX
NEW LONDON
NEW HAVEN MIDDLESEX COUNTY
FAIRFIELD NEW HAVEN COUNTY
• Sales 1,960 • Average Price $260,500
back to table of contents • www.bhhsNEproperties.com
• Sales 518 • Average Price $297,700
NEW LONDON COUNTY
• Sales 855 • Average Price $248,200
ct market report • 5
Connecticut Market Overview
Q3-2016
CLOSED SALES & CONTRACTS SIGNED There were 9,242 closed sales for single family homes during Third Quarter 2016, down 1.4% YOY. There were 2,167 closed condominium sales during Third Quarter 2016, down 4.7% YOY. Pending sales, or contracts signed on single family homes were at 5,417 in Third Quarter 2016, down from 11,294 in Second Quarter 2016. Condominiums also saw a decrease in contracts signed (1,809 vs 2,803).
Single Family
Condominium
Statewide Closed Sales Closed Sales
10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 Q4 2014
Q1 2015
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
CURRENT INVENTORY Inventory for single family homes was 12.4 months this quarter, up from 8.8 months in Second Quarter 2016. Inventory for condominiums was 10.7 months, up from 8.4 months in Second Quarter 2016. Single Family
Condominium
Months Supply of Inventory
Months Supply of Inventory
14 12 10 8 6 4 2 0 Q4 2014
Q1 2015
Q2 2015
back to table of contents • www.bhhsNEproperties.com
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
ct market report • 6
Connecticut Market Overview
Q3-2016
home prices Median prices for single family homes increased 1.8% and condominiums went down 2.6% YOY. Average sales price for single family homes went down 3.7% ($378,600 vs $393,100) and average price for condominiums also decreased 2.6% ($222,100 vs $228,000) YOY.
Average Sales Price Single Fam ily
Average Sales Price Condom inium
Median Sales Price Single Fam ily
Q2 2016
$382,600
$218,400
Change
-1.0%
Q3 2016
$378,600
$222,100
$257,600
$165,500
Q3 2015
$393,100
$228,000
$255,000
$170,000
Change
-3.7%
-2.6%
1.0%
-2.6%
Q3 2016
$378,600
$222,100
$257,600
$165,500
$253,000
1.7%
1.8%
Median Sales Price Condom inium
$165,000 0.3%
statewide sales volume Sales volume for single family homes was $3,499,167,000, down 5.0% YOY. Sales volume rose most notably in Litchfield and New London Counties by 9.3% and 8.8%, respectively. Condominium sales volume was $481,233,000 down 7.2% YOY. Sales volume rose most notably for condominiums in Windham and New London Counties by 12.6% and 8.4%, respectively.
Statewide Sales Volume Q3 2016 vs Q3 2015
4000000000
-5.07%
3500000000 3000000000
Q3 2016 vs Q3 2015
2500000000
-7.27%
2000000000 1500000000 1000000000
Single Family Condominium
500000000 0 Q4 2014
Q1 2015
back to table of contents • www.bhhsNEproperties.com
Q2 2015
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
ct market report • 7
Connecticut Market Overview
Q3-2016
West Hartford • www.KingswoodPlace.com
NEW HOUSING & DEVELOPMENT New housing permit data, provided by the Connecticut Department of Economic and Community Development, shows 49.0% of permits were multifamily projects with five or more units through August of 2016. Year to date, permits are down 18.1% across the state (2,703 compared to 3,301) as last year there were larger multifamily projects and more single family home builds when compared to June and July of 2016. Out of the 276 permits issued in August, 56.5% were for single family homes and 30.8% were for projects with five or more units. Colchester, Simsbury and Milford issued the most permits in August with 19, 17 and 17 respectively. Buyers are more focused about details rather than location when it comes to new development options on the market. Buyers are looking outside of their tageted home-buying location to get the specific finishes and options they want such as hardwood floors, granite countertops and homes where the exterior upkeep is handled for them.
back to table of contents • www.bhhsNEproperties.com
ct market report • 8
The Luxury Market
Q3-2016
third quarter Luxury sales Luxury Sales in Connecticut, classified by sales over $2 million, totaled 140 units in Third Quarter 2016, down from the 166 homes sold in the Second Quarter of this year. Homes in the $2-3 million range continue to dominate the Luxury Market with the majority of sales (235 vs 171). YOY, luxury home sales are down 18.9%. Homes that are selling have dramatically decreased asking prices, creating value for first time and move up buyers. High end inventory is selling, however location and condition matter. The ultra-high end will continue to see activity at a consistent pace as many of those deals are cash buyers not impacted by economic factors.
Luxury Sales
Over $5 Million
$3-$5 Million
$2-$3 Million
Q3 2016
Luxury Sales
Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 0
50
100
150
200
250
Number of Sales
TOTAL UNIT SALES BY COUNTY Fairfield County remains the strongest with 134 homes sold in Third Quarter 2016, down from 159 units sold in Second Quarter in 2016. The Town of Greenwich saw more sales in the $2-5 million range, with 68 units sold. One sale over $10 million was sold in Riverside this quarter and was on the market for 365 days. 10 units sold in the $5-$10 price range, which is consistent with last quarter. Ridgefield • 36OldTrolleyRd.bhhsNEproperties.com
back to table of contents • www.bhhsNEproperties.com
ct market report • 9
Fairfield County
Stamford • 631LongRidgeRd32.bhhsNEproperties.com
WINDHAM LITCHFIELD HARTFORD
TOLLAND
MIDDLESEX
NEW LONDON
NEW HAVEN FAIRFIELD
back to table of contents • www.bhhsNEproperties.com
ct market report • 10
Fairfield County
Q3-2016
There were 2,067 single family homes sold in Third Quarter 2016, down 7.1% YOY. The average sales price for single family homes was $341,600, a decrease of 3.8% YOY. Average sales volume decreased 12.8% ($1,633,667,000 vs $1,874,867,000) for single family homes. Condominium sales decreased slightly by 1.9% YOY with 706 units sold in Third Quarter. Condominium sales volume decreased 5.7% ($241,137,000 vs $255,758,000) YOY. Average days on market for single family homes was 130 this quarter and 145 for condominiums. Average rental prices were $2,969 per month.
AVERAGE ANDmedian MEDIAN SALES sales pricePRICE Average and Average Single Family
Average Condominium
Median Single Family
Median Condominium
1000000 900000 800000 700000 600000 500000 400000 300000 200000 100000 0 Q4 2014
Q1 2015
Number of Sales
Q2 2015
Q3 2015
Days on Market Q3 2015
Q3 2016 Q4 2014 Q1 2015
2773 2375 1748
139 141 155
Q2 2014 2016 Q3 Q4
2671 2995 2373
144 126 143
Q1 Q2 2014 Q32016
1620 2860 2959
162 144 127 Single Family
Q4 2015 Q2 2014 Q1 2014
2103 2835 1666
150 145 157
Q4 2013 Q1 2014 Q3 2015
2450 1646 2947
146 158 134
back to table of contents • www.bhhsNEproperties.com
Q4 2015
Q1 2016
Q2 2016
Q3 2016
single family and condo ratio Q3 2015
Condominium Single Family
Q3 2016
Condominium
Single Family
Single Family
Condominiums
Q3 2016
Condominium Single Family
ct market report • 11
Condom
Fairfield County
Q3-2016
AVERAGE SALES PRICE qtr 3 2016
%chg 15-16
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
SALES qtr 3 2016
%chg 15-16
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
BETHEL 1 Family
$328,200
9.1%
$312,000
4.0%
49
-16.9%
142
40.0%
$16,083,000
-9.4%
Condo
$283,400
-9.4%
$275,000
-12.4%
21
-19.2%
252
56.9%
$5,950,000
-26.8%
1 Family
$161,700
-1.5%
$167,900
4.9%
106
-23.7%
109
-15.9%
$17,136,000
-24.9%
Condo
$92,200
3.7%
$81,800
-2.0%
66
32.0%
130
-1.8%
$6,087,000
36.9%
1 Family
$394,300
6.3%
$364,500
3.3%
38
-9.5%
141
-2.6%
$14,985,000
-3.8%
Condo
$265,700
8.1%
$225,000
7.4%
23
43.8%
112
-43.8%
$6,111,000
55.3%
1 Family
$310,200
2.7%
$295,000
9.3%
101
-11.4%
133
6.6%
$31,328,000
-9.0%
Condo
$220,100
-3.4%
$185,500
-20.0%
110
-0.9%
151
-3.9%
$24,206,000
-4.3%
BRIDGEPORT
BROOKFIELD
DANBURY
DARIEN 1 Family
$1,441,100
-16.1%
$1,212,500
-17.8%
68
-43.8%
135
12.0%
$97,995,000
-52.9%
Condo
$1,725,000
174.4%
$1,725,000
150.0%
2
-77.8%
88
14.3%
$3,450,000
-39.0%
1 Family
$617,100
-7.8%
$612,500
-3.9%
28
-3.4%
139
6.0%
$17,280,000
-11.0%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$736,200
-8.5%
$638,000
2.1%
213
-7.0%
123
-3.0%
$156,810,000
-14.9%
Condo
$439,500
-4.5%
$420,000
13.5%
39
25.8%
151
-8.1%
$17,141,000
20.1%
1 Family
$2,179,000
-13.0%
$1,703,000
-6.0%
196
7.7%
181
0.3%
$427,086,000
-6.4%
Condo
$890,200
-0.4%
$755,000
11.5%
44
-25.4%
150
-6.7%
$39,167,000
-25.7%
1 Family
$365,100
-5.7%
$370,000
2.1%
47
9.3%
127
10.0%
$17,157,000
3.1%
Condo
$178,300
-13.3%
$173,000
-17.0%
4
-76.5%
126
12.0%
$713,000
-79.6%
1 Family
$1,914,000
23.1%
$1,681,000
16.7%
50
-35.9%
180
22.8%
$95,702,000
-21.1%
Condo
$769,300
5.8%
$577,500
1.4%
14
-12.5%
207
55.5%
$10,770,000
-7.4%
1 Family
$343,900
0.5%
$337,500
2.7%
52
23.8%
118
-2.2%
$17,885,000
24.4%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$394,900
5.5%
$372,000
9.4%
80
-1.2%
139
-0.6%
$31,591,000
4.2%
Condo
$336,300
-9.1%
$285,000
-19.5%
15
-25.0%
420
1.0%
$5,045,000
-31.8%
1 Family
$571,800
4.1%
$450,000
-0.3%
191
-9.0%
128
4.8%
$109,208,000
-5.3%
Condo
$330,200
8.1%
$264,000
3.9%
98
6.5%
123
1.4%
$32,362,000
15.2%
1 Family
$534,800
4.7%
$530,000
5.0%
24
-17.2%
134
-16.6%
$12,835,000
-13.3%
Condo
$615,000
-
$615,000
-
1
-
105
-
$615,000
-
EASTON
FAIRFIELD
GREENWICH
MONROE
NEW CANAAN
NEW FAIRFIELD
NEWTOWN
NORWALK
REDDING
back to table of contents • www.bhhsNEproperties.com
ct market report • 12
Fairfield County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$763,700
2.0%
$650,000
Condo
$479,100
51.1%
$356,000
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
-6.5%
105
9.4%
128
10.7%
$80,192,000
11.6%
34.3%
20
-16.7%
122
-20.7%
$9,581,000
25.9%
RIDGEFIELD
SHELTON 1 Family
$329,500
8.9%
$337,500
8.9%
50
-12.3%
130
8.5%
$16,473,000
-4.5%
Condo
$290,100
-8.8%
$258,500
-9.9%
24
-25.0%
165
42.4%
$6,962,000
-31.6%
1 Family
$268,300
-23.3%
$268,300
-10.2%
2
-66.7%
55
-69.3%
$537,000
-74.4%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$632,300
-5.0%
$557,000
-4.8%
214
-8.5%
138
10.2%
$135,303,000
-13.1%
Condo
$352,700
-3.4%
$314,000
-1.5%
165
15.4%
120
4.0%
$58,200,000
11.4%
1 Family
$272,400
13.8%
$246,000
7.0%
105
34.6%
114
-5.2%
$28,600,000
53.2%
Condo
$174,800
9.0%
$162,500
11.3%
37
-5.1%
160
18.1%
$6,469,000
3.4%
SHERMAN
STAMFORD
STRATFORD
TRUMBULL 1 Family
$403,000
-2.7%
$381,500
0.4%
116
2.7%
121
11.9%
$46,752,000
-0.1%
Condo
$294,600
-23.2%
$291,000
-15.3%
11
37.5%
118
-15.6%
$3,241,000
5.6%
1 Family
$882,400
-3.0%
$795,000
-4.2%
61
22.0%
170
32.5%
$53,824,000
18.3%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$1,518,200
4.3%
$1,289,000
-0.1%
101
-21.1%
145
10.1%
$153,341,000
-17.7%
Condo
$611,900
-5.0%
$640,000
-7.2%
4
-42.9%
88
-17.3%
$2,448,000
-45.7%
1 Family
$793,800
-10.9%
$744,500
-9.1%
70
4.5%
141
7.0%
$55,564,000
-6.9%
Condo
$327,400
-13.8%
$312,000
-5.2%
8
-20.0%
124
-2.0%
$2,619,000
-31.0%
WESTON
WESTPORT
WILTON
back to table of contents • www.bhhsNEproperties.com
ct market report • 13
Hartford County
Avon • 10GarnetHillLane.bhhsNEproperties.com
WINDHAM LITCHFIELD HARTFORD
TOLLAND
MIDDLESEX
NEW LONDON
NEW HAVEN FAIRFIELD
back to table of contents • www.bhhsNEproperties.com
ct market report • 14
Hartford County
Q3-2016
There were 2,457 single family homes units sold in Third Quarter 2016, up slightly by 0.12% YOY. Single family home sales volume increased 4.3% ($667,317,000 vs $639,823,000) YOY. Average sales price for single family homes was $271,600, up 4.1% YOY. The condominium market decreased 10.5% in sales YOY, and decreased 14.11% in sales volume ($98,214,000 vs $114,349,000). Average price was $172,900 in Third Quarter, down 3.9% YOY. Average days on market was 115 for single family homes and 116 for condominiums. Average rental prices were $1,603 per month.
AVERAGE ANDmedian MEDIAN SALES sales pricePRICE Average and Average Single Family
Average Condominium
Median Single Family
Median Condominium
300000 250000 200000 150000 100000 50000 0 Q4 2014
Q1 2015
Number of Sales
Q2 2015
Q3 2015
Days on Market Q3 2015
Q3 2016 Q4 2014 Q1 2015
3025 2375 1748
115 141 155
Q2 2014 2016 Q3 Q4
3013 2995 2373
122 126 143
Q1 Q2 2014 Q32016
1833 2860 2959
137 144 127 Single Family
Q4 2015 Q2 2014 Q1 2014
2374 2835 1666
124 145 157
Q4 2013 Q1 2014 Q3 2015
2450 1646 3089
146 158 113
back to table of contents • www.bhhsNEproperties.com
Q4 2015
Q1 2016
Q2 2016
Q3 2016
single family and condo ratio Q3 2015
Condominium Single Family
Q3 2016
Condominium
Single Family
Single Family
Condominiums
Q3 2016
Condominium Single Family
ct market report • 15
Condom
Hartford County
Q3-2016
qtr 3 2016
%chg 15-16
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
1 Family
$497,500
-8.6%
$444,000
-1.6%
95
21.8%
104
-10.9%
$47,263,000
11.3%
Condo
$261,200
5.2%
$252,500
4.6%
26
-39.5%
124
13.7%
$6,792,000
-36.4%
1 Family
$283,700
5.8%
$265,000
3.9%
52
-17.5%
119
14.8%
$14,751,000
-12.7%
Condo
$194,400
-22.2%
$179,900
-21.7%
11
57.1%
122
-31.8%
$2,139,000
22.2%
AVERAGE SALES PRICE
SALES qtr 3 2016
%chg 15-16
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
AVON
BERLIN
BLOOMFIELD 1 Family
$207,000
4.3%
$204,000
7.1%
63
-12.5%
133
-2.5%
$13,043,000
-8.7%
Condo
$251,900
11.3%
$245,000
40.0%
19
-42.4%
130
-10.0%
$4,786,000
-35.9%
1 Family
$191,100
2.9%
$180,000
2.9%
166
-9.3%
121
-6.0%
$31,719,000
-6.7%
Condo
$122,500
0.5%
$111,000
5.7%
34
-24.4%
107
-20.3%
$4,166,000
-24.1%
1 Family
$344,200
5.7%
$335,000
3.9%
39
-9.3%
152
48.1%
$13,422,000
-4.1%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$347,000
-4.5%
$297,800
-5.5%
34
-22.7%
110
-12.9%
$11,798,000
-26.2%
Condo
$158,900
-18.8%
$149,900
-23.1%
13
44.4%
137
11.5%
$2,066,000
17.3%
1 Family
$278,500
6.3%
$279,000
7.3%
27
22.7%
115
22.9%
$7,520,000
30.4%
Condo
$232,300
91.2%
$232,300
91.2%
2
0.0%
88
67.6%
$465,000
91.2%
1 Family
$150,900
22.7%
$154,000
19.0%
137
0.7%
115
-1.5%
$20,670,000
23.6%
Condo
$104,700
19.5%
$97,000
21.3%
9
-30.8%
133
-0.5%
$943,000
-17.3%
1 Family
$286,500
34.5%
$295,000
55.7%
23
-39.5%
155
46.7%
$6,590,000
-18.6%
Condo
$191,600
8.7%
$153,900
-2.3%
15
7.1%
267
38.7%
$2,874,000
16.5%
1 Family
$179,600
3.4%
$171,500
2.1%
136
-3.5%
108
5.5%
$24,431,000
-0.3%
Condo
$163,500
14.2%
$159,700
15.7%
37
8.8%
98
4.2%
$6,050,000
24.3%
BRISTOL
BURLINGTON
CANTON
EAST GRANBY
EAST HARTFORD
EAST WINDSOR
ENFIELD
FARMINGTON 1 Family
$394,400
-17.1%
$317,000
-17.7%
71
6.0%
104
-18.4%
$27,999,000
-12.2%
Condo
$197,100
-2.3%
$181,500
3.3%
39
0.0%
100
-4.7%
$7,686,000
-2.3%
1 Family
$425,600
10.3%
$386,000
6.6%
148
4.2%
115
14.7%
$62,989,000
15.0%
Condo
$214,100
7.1%
$200,000
23.1%
37
-14.0%
104
-19.8%
$7,923,000
-7.8%
GLASTONBURY
GRANBY 1 Family
$279,300
-5.5%
$265,000
-9.4%
37
-27.5%
131
4.8%
$10,334,000
-31.5%
Condo
$162,600
-13.4%
$167,500
-1.5%
4
0.0%
94
-35.6%
$651,000
-13.4%
1 Family
$152,200
19.8%
$144,800
14.0%
76
38.2%
133
1.9%
$11,565,000
65.6%
Condo
$85,900
-3.8%
$47,500
-44.1%
16
14.3%
73
-51.8%
$1,375,000
10.0%
HARTFORD
back to table of contents • www.bhhsNEproperties.com
ct market report • 16
Hartford County
Q3-2016
qtr 3 2016
%chg 15-16
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
1 Family
$300,000
32.8%
$300,000
Condo
-
-
-
AVERAGE SALES PRICE
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
34.9%
2
-50.0%
264
325.0%
$600,000
-33.6%
-
-
-
-
-
-
-
HARTLAND
MANCHESTER 1 Family
$182,700
-1.2%
$167,500
1.8%
150
-18.5%
111
-5.3%
$27,398,000
-19.5%
Condo
$88,500
-31.0%
$71,200
-42.1%
21
-34.4%
79
-25.4%
$1,859,000
-54.7%
1 Family
$315,600
1.5%
$280,000
-8.5%
25
-7.4%
99
-14.3%
$7,891,000
-6.0%
Condo
-
-
-
-
-
-
-
-
-
-
MARLBOROUGH
NEW BRITAIN 1 Family
$135,700
-1.1%
$135,000
-1.5%
100
-4.8%
131
15.9%
$13,571,000
-5.8%
Condo
$88,400
-7.1%
$96,000
43.3%
17
13.3%
105
-28.3%
$1,502,000
5.3%
1 Family
$228,200
7.1%
$225,000
7.1%
94
11.9%
101
-4.8%
$21,451,000
19.8%
Condo
$147,300
-17.1%
$135,000
-9.4%
49
4.3%
120
7.8%
$7,219,000
-13.5%
1 Family
$202,200
4.6%
$195,000
11.0%
39
-32.8%
94
-9.2%
$7,887,000
-29.7%
Condo
$125,500
-11.2%
$113,500
-5.0%
10
-28.6%
120
-3.3%
$1,255,000
-36.6%
1 Family
$342,000
17.8%
$321,500
19.3%
44
29.4%
110
2.0%
$15,048,000
52.4%
Condo
$177,000
1.4%
$172,800
1.6%
37
32.1%
108
17.9%
$6,549,000
34.0%
NEWINGTON
PLAINVILLE
ROCKY HILL
SIMSBURY 1 Family
$363,700
5.0%
$337,300
8.8%
110
14.6%
123
11.6%
$40,010,000
20.3%
Condo
$155,700
-12.6%
$140,800
-4.2%
18
5.9%
119
25.1%
$2,802,000
-7.5%
1 Family
$282,700
0.6%
$268,800
4.7%
82
-6.8%
94
-2.1%
$23,178,000
-6.3%
Condo
$152,700
4.8%
$129,100
-12.5%
34
-15.0%
105
-2.9%
$5,193,000
-11.0%
SOUTH WINDSOR
SOUTHINGTON 1 Family
$292,100
-1.8%
$268,300
0.7%
146
16.8%
117
6.1%
$42,651,000
14.7%
Condo
$167,000
-12.7%
$146,500
-26.8%
23
15.0%
160
54.7%
$3,842,000
0.3%
1 Family
$333,700
-4.9%
$286,000
-3.4%
61
10.9%
116
-11.4%
$20,355,000
5.5%
Condo
$219,200
-0.7%
$213,500
13.8%
18
63.6%
104
-24.8%
$3,945,000
62.6%
1 Family
$336,900
-4.0%
$302,500
-2.4%
241
8.6%
113
11.9%
$81,190,000
4.2%
Condo
$246,100
-7.5%
$225,000
-10.0%
39
-31.6%
124
30.8%
$9,599,000
-36.7%
1 Family
$267,400
12.4%
$241,000
7.1%
115
29.2%
112
0.6%
$30,752,000
45.2%
Condo
$145,000
-7.8%
$137,000
-8.1%
21
31.3%
97
-20.2%
$3,046,000
21.1%
1 Family
$228,900
13.2%
$230,000
17.9%
101
-4.7%
103
-3.3%
$23,121,000
7.9%
Condo
$205,100
16.7%
$198,000
3.1%
11
-52.2%
112
1.6%
$2,256,000
-44.2%
SUFFIELD
WEST HARTFORD
WETHERSFIELD
WINDSOR
WINDSOR LOCKS 1 Family
$188,800
18.5%
$173,000
11.5%
43
2.4%
111
-6.2%
$8,117,000
21.4%
Condo
$154,300
-2.3%
$139,000
8.1%
8
-42.9%
141
2.7%
$1,234,000
-44.2%
back to table of contents • www.bhhsNEproperties.com
ct market report • 17
Litchfield County
Barkhamsted • 75GooseGreenRoad.bhhsNEproperties.com
WINDHAM LITCHFIELD HARTFORD
TOLLAND
MIDDLESEX
NEW LONDON
NEW HAVEN FAIRFIELD
back to table of contents • www.bhhsNEproperties.com
ct market report • 18
Litchfield County
Q3-2016
525 single family homes sold in Third Quarter 2016, up 2.7% YOY. Average sales price on single family homes was $259,100, a 6.4% increase YOY. Sales volume increased for single family homes YOY by 9.3% ($136,024,000 vs $124,371,000). There were 77 condominium sales in Third Quarter 2016, down 2.5% YOY. Sales volume for condominiums increased 2.2% ($9,755,000 vs $9,541,000). Average days on market was 165 for single family homes and 144 for condominiums. Average rental prices were $2,477.
Average and sales pricePRICE AVERAGE ANDmedian MEDIAN SALES Average Single Family
Average Condominium
Median Single Family
Median Condominium
300000 250000 200000 150000 100000 50000 0 Q4 2014
Q1 2015
Q2 2015
Number of Sales
Days on Market
Q4 2014 Q1 2015 Q3 2016
443 344 602
146 140 162
Q3 Q4 Q2 2014 2016
502 499 550
120 145 164
Q22016 Q3 2014 Q1
394 548 333
133 118 190
Q2 2014 Q1 2014 Q4 2015
437 282 491
133 162 170
Q4 2013 Q1 2014 Q3 2015
411 316 590
146 162 151
Q3 2015
Q1 2016
Q2 2016
Q3 2016
single family and condo ratio
Q3 2015
Single Family
back to table of contents • www.bhhsNEproperties.com
Q4 2015
Q3 2015
Condominium Single Family
Condominium
Single Family
Q3 2016
Single Family
Q3 2016
Condominium Single Family
Condominiums
ct market report • 19
Condom
Litchfield County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$256,300
-19.9%
$256,300
Condo
-
-
1 Family
$274,300
Condo
-
1 Family Condo
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
-39.7%
2
-33.3%
77
-59.0%
$513,000
-46.6%
-
-
-
-
-
-
-
-
4.9%
$301,000
15.3%
6
-14.3%
131
-27.4%
$1,646,000
-10.1%
-
-
-
-
-
-
-
-
-
$255,300
23.7%
$247,900
5.5%
12
33.3%
168
15.2%
$3,063,000
65.0%
-
-
-
-
-
-
-
-
-
-
1 Family
$280,000
-51.3%
$280,000
-51.3%
2
0.0%
168
113.4%
$560,000
-51.3%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$185,700
-40.1%
$147,500
-10.2%
10
66.7%
301
39.7%
$1,857,000
-0.2%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$205,500
-9.3%
$231,300
15.6%
6
100.0%
125
16.0%
$1,233,000
81.3%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$203,000
-79.7%
$203,000
-45.9%
2
-50.0%
240
19.5%
$406,000
-89.8%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$224,000
21.1%
$224,000
21.1%
1
0.0%
88
37.5%
$224,000
21.1%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$333,000
-5.8%
$312,500
-5.3%
19
5.6%
310
85.2%
$6,326,000
-0.6%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$265,300
8.7%
$240,000
6.9%
25
4.2%
145
9.3%
$6,631,000
13.2%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$205,000
-68.5%
$205,000
-68.5%
1
0.0%
54
-34.9%
$205,000
-68.5%
Condo
$19,800
-
$19,800
-
1
-
64
-
$20,000
-
1 Family
$384,700
17.1%
$320,000
14.3%
24
-4.0%
219
44.0%
$9,234,000
12.5%
Condo
$238,300
-1.5%
$220,000
-9.1%
6
500.0%
215
12.7%
$1,430,000
490.9%
1 Family
$425,100
48.1%
$280,000
7.9%
7
-56.2%
241
37.1%
$2,976,000
-35.2%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$263,400
2.6%
$257,500
1.2%
24
-14.3%
151
15.9%
$6,321,000
-12.0%
Condo
-
-
-
-
-
-
-
-
-
-
BANTAM
BARKHAMSTED
BETHLEHEM
BRIDGEWATER
CANAAN
COLEBROOK
CORNWALL BRIDGE
EAST CANAAN
GOSHEN
HARWINTON
KENT
LITCHFIELD
MORRIS
NEW HARTFORD
back to table of contents • www.bhhsNEproperties.com
ct market report • 20
Litchfield County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$351,700
11.6%
$288,000
Condo
$153,400
36.3%
1 Family
$229,300
Condo
-
1 Family Condo
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
8.7%
49
0.0%
137
-8.2%
$17,236,000
11.6%
$149,000
41.9%
11
0.0%
114
-17.1%
$1,687,000
36.3%
-27.4%
$137,500
-41.0%
4
-63.6%
211
-14.8%
$917,000
-73.6%
-
-
-
-
-
-
-
-
-
$168,000
1.8%
$157,000
-2.8%
47
34.3%
153
9.1%
$7,898,000
36.7%
$113,900
-5.0%
$113,300
-1.5%
4
-42.9%
186
60.0%
$456,000
-45.7%
1 Family
$550,000
-22.4%
$550,000
-22.4%
1
-50.0%
679
178.3%
$550,000
-61.2%
Condo
-
-
-
-
-
-
-
-
-
-
NEW MILFORD
NORFOLK
PLYMOUTH
ROXBURY
SALISBURY 1 Family
$766,100
33.2%
$475,000
-6.9%
23
155.6%
247
81.5%
$17,621,000
240.4%
Condo
$340,300
-12.8%
$340,300
-12.8%
2
0.0%
269
55.7%
$681,000
-12.8%
1 Family
$425,000
92.1%
$425,000
92.1%
1
0.0%
141
-28.8%
$425,000
92.1%
Condo
-
-
-
-
-
-
-
-
-
-
SHARON
THOMASTON 1 Family
$201,100
24.9%
$191,000
15.1%
18
12.5%
153
25.0%
$3,620,000
40.5%
Condo
$92,900
-27.8%
$108,000
-4.0%
5
25.0%
154
0.0%
$465,000
-9.8%
1 Family
$141,600
6.2%
$140,000
13.5%
101
-9.0%
131
-15.0%
$14,303,000
-3.3%
Condo
$78,300
-0.7%
$63,000
-13.1%
25
8.7%
138
-22.8%
$1,957,000
8.0%
1 Family
$831,300
246.2%
$831,300
246.2%
2
100.0%
251
304.0%
$1,663,000
592.4%
Condo
$295,000
23.7%
$295,000
23.7%
1
-50.0%
200
18.7%
$295,000
-38.2%
1 Family
$209,200
-9.9%
$192,500
-5.2%
73
19.7%
133
-6.0%
$15,272,000
7.8%
Condo
$164,800
47.1%
$175,000
44.6%
7
40.0%
160
-22.1%
$1,154,000
106.0%
1 Family
$160,200
3.5%
$162,500
16.2%
38
-2.6%
158
27.5%
$6,087,000
0.9%
Condo
$67,800
-
$72,000
-
3
-
242
-
$204,000
-
TORRINGTON
WASHINGTON
WATERTOWN
WINCHESTER
WOODBURY 1 Family
$342,200
2.4%
$315,000
5.0%
27
-3.6%
194
6.6%
$9,239,000
-1.2%
Condo
$117,400
-13.3%
$107,500
-1.4%
12
-42.9%
77
-42.4%
$1,409,000
-50.5%
back to table of contents • www.bhhsNEproperties.com
ct market report • 21
Connecticut Market Overview
Q3-2016
Middlesex County
Killingworth • 153IronWorksRoad.bhhsNEproperties.com
WINDHAM LITCHFIELD HARTFORD
TOLLAND
MIDDLESEX
NEW LONDON
NEW HAVEN FAIRFIELD
back to table of contents • www.bhhsNEproperties.com
ct market report • 22
Middlesex County
Q3-2016
518 single family homes sold in Third Quarter 2016, down 4.6% YOY, and sales volume increased 1.3% ($154,188,000 vs $152,135,000). The average sales price for single family homes was $297,700, a 6.2% increase. Condominium sales decreased 21.7% YOY with 97 units sold in Third Quarter 2016. Average price was $159,000 in Third Quarter, a decrease of 18.2%. Sales volume for condominiums declined to 36.03% YOY ($15,429,000 vs $24,121,000). Average days on market was 140 for single family homes and 151 for condominiums. Average rental prices were $1,813 per month.
AVERAGE ANDmedian MEDIAN SALES Average and sales pricePRICE Average Single Family
Average Condominium
Median Single Family
Median Condominium
350000 300000 250000 200000 150000 100000 50000 0 Q4 2014
Q1 2015
Number of Sales
Q2 2015
Q3 2015
Days on Market Q3 2015
Q1 2015 Q4 2014 Q3 2016
350 457 615
115 93 142
Q4 Q3 Q2 2014 2016
497 543 650
99 81 151
Q3 2014 Q22016 Q1
586 498 421
82 89 166 Single Family
Q2 2014 Q4 2015 Q1 2014
531 538 325
90 151 109
Q1 2014 Q3 2015 Q4 2013
347 667 378
110 129 97
back to table of contents • www.bhhsNEproperties.com
Q4 2015
Q1 2016
Q2 2016
Q3 2016
single family and condo ratio Q3 2015
Condominium Single Family
Condominium
Single Family
Q3 2016
Single Family
Q3 2016
Condominium Single Family
Condominiums
ct market report • 23
Condom
Middlesex County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$300,100
-3.5%
$290,000
Condo
-
-
-
1 Family
$327,700
15.5%
Condo
$185,900
1 Family Condo
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
-6.8%
13
44.4%
133
-6.5%
$3,901,000
39.4%
-
-
-
-
-
-
-
$259,000
8.9%
53
0.0%
150
27.0%
$17,367,000
15.5%
8.6%
$155,000
-5.8%
13
116.7%
104
-43.8%
$2,417,000
135.3%
$235,000
-37.9%
$235,000
-37.9%
2
100.0%
120
-28.4%
$470,000
24.2%
-
-
-
-
-
-
-
-
-
-
1 Family
$293,900
14.5%
$265,000
28.1%
35
0.0%
124
-9.8%
$10,288,000
14.5%
Condo
$155,300
-22.0%
$136,000
-1.8%
27
-10.0%
156
50.5%
$4,194,000
-29.8%
1 Family
$311,600
44.0%
$224,800
4.5%
16
6.7%
196
45.0%
$4,986,000
53.6%
Condo
$144,000
12.6%
$144,000
12.6%
2
0.0%
206
35.1%
$288,000
12.6%
1 Family
$263,400
-12.5%
$265,000
-8.3%
27
-6.9%
163
28.2%
$7,112,000
-18.5%
Condo
$193,000
-7.5%
$193,000
-12.3%
2
-33.3%
131
72.4%
$386,000
-38.3%
1 Family
$275,900
15.8%
$265,000
9.6%
45
50.0%
155
35.2%
$12,416,000
73.7%
Condo
-
-
-
-
-
-
-
-
-
-
CHESTER
CLINTON
COBALT
CROMWELL
DEEP RIVER
DURHAM
EAST HADDAM
EAST HAMPTON 1 Family
$274,400
5.5%
$275,500
17.2%
56
-1.8%
124
1.2%
$15,367,000
3.7%
Condo
$145,400
-18.0%
$142,500
-18.6%
9
50.0%
158
45.3%
$1,308,000
23.0%
1 Family
$496,400
8.6%
$329,000
-12.3%
26
4.0%
118
13.8%
$12,908,000
12.9%
Condo
$241,500
-3.8%
$244,500
19.3%
3
-57.1%
59
-77.6%
$725,000
-58.8%
1 Family
$296,600
32.7%
$250,000
16.3%
23
-8.0%
150
22.4%
$6,822,000
22.1%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$318,600
-9.9%
$336,200
-9.1%
32
52.4%
174
9.4%
$10,197,000
37.2%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$273,500
0.3%
$269,000
7.0%
17
70.0%
151
7.0%
$4,650,000
70.5%
Condo
$435,000
-
$435,000
-
1
-
1206
-
$435,000
-
ESSEX
HADDAM
KILLINGWORTH
MIDDLEFIELD
MIDDLETOWN 1 Family
$224,000
4.5%
$220,000
4.8%
91
-18.0%
110
-6.2%
$20,388,000
-14.4%
Condo
$98,700
-19.5%
$91,500
-15.7%
35
-23.9%
141
0.2%
$3,454,000
-38.8%
back to table of contents • www.bhhsNEproperties.com
ct market report • 24
Middlesex County
Q3-2016
AVERAGE SALES PRICE qtr 3 2016
%chg 15-16
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
SALES qtr 3 2016
%chg 15-16
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
OLD SAYBROOK 1 Family
$420,100
10.7%
$366,000
12.2%
37
-38.3%
134
21.0%
$15,542,000
-31.7%
Condo
$565,000
47.8%
$405,000
15.5%
3
-75.0%
128
-57.7%
$1,695,000
-63.0%
PORTLAND 1 Family
$233,600
4.0%
$237,800
14.3%
27
-25.0%
144
9.5%
$6,307,000
-22.0%
Condo
$132,500
-37.2%
$132,500
-28.1%
1
-85.7%
224
142.7%
$133,000
-91.0%
1 Family
$303,700
-13.7%
$257,500
-20.8%
18
-30.8%
178
31.1%
$5,467,000
-40.3%
Condo
$395,000
15.1%
$395,000
9.3%
1
-80.0%
95
-71.7%
$395,000
-77.0%
WESTBROOK
back to table of contents • www.bhhsNEproperties.com
ct market report • 25
New Haven County
North Branford • 212ParsonageHillRoad.bhhsNEproperties.com
WINDHAM LITCHFIELD HARTFORD
TOLLAND
MIDDLESEX
NEW LONDON
NEW HAVEN FAIRFIELD
back to table of contents • www.bhhsNEproperties.com
ct market report • 26
New Haven County
Q3-2016
1,960 single family homes sold in Third Quarter 2016, up slightly 0.4% YOY, and decreased in sales volume by 0.7% ($510,523,000 vs $514,203,000). Average sales price for single family homes was $260,500, a slight decrease of 1.1%. Average sales price for condominiums was $165,200, a 4.0% increase, and sales volume decreased slightly 0.3% ($83,253,000 vs $83,518,000). In total, 504 condominiums were sold in Third Quarter 2016. Days on market for single family homes was 129 and 135 for condominiums. Average rental prices were $1,607 per month.
AVERAGE ANDmedian MEDIAN SALES sales pricePRICE Average and Average Single Family
Average Condominium
Median Single Family
Median Condominium
300000 250000 200000 150000 100000 50000 0 Q4 2014
Q1 2015
Q2 2015
Number of Sales
Days on Market
Q4 Q3 2016 Q1 2014 2015
1826 2464 1328
95 130 103
Q3 Q2 2014 2016 Q4 2014
2172 2263 1892
83 137 98
Q2 2014 Q1 Q32016 2014
1949 1587 2200
88 147 83
Q1 Q4 2015 Q22014 2014
1221 2006 1975
98 136 87
Q4 2013 Q3 2015 Q1 2014
1796 2478 1230
94 130 98
Q3 2015
Q1 2016
Q2 2016
Q3 2016
single family and condo ratio Q3 2015
Single Family
back to table of contents • www.bhhsNEproperties.com
Q4 2015
Q3 2015
Condominium Single Family
Condominium
Single Family
Q3 2016
Single Family
Q3 2016
Condominium Single Family
Condominiums
ct market report • 27
Condom
New Haven County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$185,600
8.5%
$166,500
Condo
$64,900
-
$64,900
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
-0.6%
7
-30.0%
142
-24.0%
$1,300,000
-24.1%
-
1
-
76
-
$65,000
-
ANSONIA
BEACON FALLS 1 Family
$400,000
4.8%
$400,000
-14.9%
1
-85.7%
335
220.8%
$400,000
-85.0%
Condo
$453,000
241.9%
$453,000
241.9%
1
0.0%
177
121.2%
$453,000
241.9%
1 Family
$340,400
-19.1%
$345,000
1.8%
27
58.8%
125
-12.2%
$9,191,000
28.5%
Condo
-
-
-
-
-
-
-
-
-
-
BETHANY
BRANFORD 1 Family
$364,800
-4.7%
$322,000
-1.8%
68
-2.9%
167
28.4%
$24,809,000
-7.4%
Condo
$213,700
25.2%
$164,000
5.8%
47
-14.5%
129
-19.6%
$10,044,000
7.0%
1 Family
$340,200
11.0%
$319,300
10.6%
82
-10.9%
98
-12.1%
$27,894,000
-1.1%
Condo
$204,800
-14.6%
$178,800
-5.9%
16
-15.8%
95
-34.7%
$3,276,000
-28.1%
1 Family
$142,300
-26.0%
$151,000
-18.4%
5
-44.4%
80
-35.7%
$712,000
-58.9%
Condo
$125,500
-
$125,500
-
1
-
216
-
$126,000
-
1 Family
$191,300
2.7%
$183,800
4.6%
76
-5.0%
134
10.5%
$14,535,000
-2.4%
Condo
$157,100
19.9%
$132,000
20.0%
26
18.2%
142
37.1%
$4,084,000
41.7%
1 Family
$410,000
-11.7%
$365,000
3.6%
81
-10.0%
148
-5.3%
$33,211,000
-20.5%
Condo
$201,300
-24.5%
$125,500
-44.8%
12
0.0%
116
-24.0%
$2,416,000
-24.5%
1 Family
$218,100
2.8%
$189,000
5.0%
170
18.9%
138
3.0%
$37,080,000
22.2%
Condo
$132,200
8.1%
$120,500
2.1%
40
-13.0%
145
6.5%
$5,286,000
-6.0%
1 Family
$490,400
2.6%
$402,500
1.6%
76
-17.4%
135
0.2%
$37,268,000
-15.3%
Condo
$255,800
-9.1%
$247,500
-1.0%
9
-18.2%
166
-17.9%
$2,303,000
-25.6%
1 Family
$162,500
6.6%
$163,000
8.7%
156
3.3%
118
-6.3%
$25,356,000
10.1%
Condo
$99,200
7.2%
$101,000
3.3%
29
-6.5%
120
-14.2%
$2,877,000
0.3%
1 Family
$362,800
20.5%
$255,000
-11.0%
35
25.0%
179
30.9%
$12,699,000
50.7%
Condo
$437,800
9.6%
$462,500
20.2%
7
16.7%
368
54.8%
$3,065,000
27.9%
1 Family
$328,700
5.0%
$290,000
1.0%
178
-2.2%
123
-7.4%
$58,507,000
2.7%
Condo
$229,400
-3.1%
$206,000
0.5%
54
14.9%
131
19.8%
$12,387,000
11.3%
CHESHIRE
DERBY
EAST HAVEN
GUILFORD
HAMDEN
MADISON
MERIDEN
MIDDLEBURY
MILFORD
NAUGATUCK 1 Family
$156,700
5.0%
$159,900
2.5%
85
-1.2%
139
10.2%
$13,319,000
3.8%
Condo
$87,300
40.3%
$70,000
17.7%
22
10.0%
99
26.6%
$1,920,000
54.3%
back to table of contents • www.bhhsNEproperties.com
ct market report • 28
New Haven County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$238,600
13.2%
$180,000
Condo
$158,900
0.4%
$143,800
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
9.1%
101
16.1%
130
-8.9%
$24,097,000
31.5%
14.7%
58
52.6%
146
-1.3%
$9,215,000
53.2%
NEW HAVEN
NORTH BRANFORD 1 Family
$245,200
3.7%
$248,300
0.5%
46
27.8%
142
1.2%
$11,278,000
32.5%
Condo
$196,000
5.9%
$196,000
22.6%
1
-93.7%
151
-2.7%
$196,000
-93.4%
1 Family
$293,200
-0.7%
$274,000
3.7%
72
2.9%
102
-7.8%
$21,110,000
2.1%
Condo
$201,400
4.8%
$236,000
12.4%
7
-36.4%
110
29.0%
$1,410,000
-33.3%
1 Family
$391,200
-2.1%
$382,500
3.4%
48
-14.3%
114
-11.2%
$18,775,000
-16.1%
Condo
$373,000
54.6%
$318,000
32.5%
3
0.0%
162
220.8%
$1,119,000
54.6%
1 Family
$463,000
15.0%
$463,000
13.3%
1
-83.3%
158
79.2%
$463,000
-80.8%
Condo
$321,000
-15.5%
$321,000
-15.5%
1
0.0%
209
86.6%
$321,000
-15.5%
1 Family
$252,500
-2.9%
$263,800
0.3%
26
-21.2%
130
12.8%
$6,566,000
-23.5%
Condo
$376,400
-1.4%
$360,000
-5.7%
3
50.0%
232
-26.4%
$1,129,000
47.9%
1 Family
$252,500
44.3%
$251,800
63.0%
6
-25.0%
141
31.9%
$1,515,000
8.2%
Condo
$200,000
115.1%
$200,000
150.0%
1
-75.0%
159
32.2%
$200,000
-46.2%
NORTH HAVEN
ORANGE
OXFORD
PROSPECT
SEYMOUR
SOUTHBURY 1 Family
$366,200
-3.5%
$360,000
-4.0%
67
6.3%
164
15.5%
$24,537,000
2.6%
Condo
$140,300
-6.7%
$129,500
0.8%
64
14.3%
121
6.1%
$8,977,000
6.7%
1 Family
$264,900
-2.7%
$258,500
-1.7%
134
12.6%
106
-16.0%
$35,499,000
9.6%
Condo
$192,300
7.1%
$183,500
4.9%
40
-14.9%
137
14.2%
$7,693,000
-8.9%
WALLINGFORD
WATERBURY 1 Family
$104,400
10.2%
$105,000
10.5%
209
4.5%
133
8.5%
$21,811,000
15.1%
Condo
$53,500
-10.8%
$52,000
0.0%
36
-23.4%
143
10.5%
$1,927,000
-31.7%
WEST HAVEN 1 Family
$175,600
-0.8%
$175,000
6.1%
118
3.5%
117
0.3%
$20,717,000
2.7%
Condo
$104,200
-12.3%
$105,000
1.1%
22
-18.5%
135
-32.8%
$2,293,000
-28.5%
1 Family
$244,600
9.4%
$229,500
4.3%
40
-21.6%
119
-7.1%
$9,782,000
-14.2%
Condo
$157,600
-19.5%
$173,000
-9.2%
3
-25.0%
88
-33.8%
$473,000
-39.6%
1 Family
$402,000
-14.8%
$395,000
-6.3%
45
-13.5%
106
-4.0%
$18,092,000
-26.3%
Condo
-
-
-
-
-
-
-
-
-
-
WOLCOTT
WOODBRIDGE
back to table of contents • www.bhhsNEproperties.com
ct market report • 29
New London County
Stonington • 32WaterStreet.bhhsNEproperties.com
WINDHAM LITCHFIELD HARTFORD
TOLLAND
MIDDLESEX
NEW LONDON
NEW HAVEN FAIRFIELD
back to table of contents • www.bhhsNEproperties.com
ct market report • 30
New London County
Q3-2016
791 single family homes sold in Third Quarter 2016, up 8.6% YOY. Sales volume increased 6.5% ($191,138,000 vs $179,412,000). 114 condominiums sold, up 4.5% while the average sales price decreased by 1.6%. Sales volume increased for condominiums by 2.8% ($18,890,000 vs $18,367,000). Days on market for single family homes was 145 and 152 for condominiums. Average rental prices were $1,521.
AVERAGE ANDmedian MEDIAN SALES Average and sales price PRICE Average Single Family
Average Condominium
Median Single Family
Median Condominium
300000 250000 200000 150000 100000 50000 0 Q4 2014
Q1 2015
Number of Sales
Q2 2015
Q3 2015
Days on Market Q3 2015
Q1 2015 Q4 2014 Q3 2016
481 577 984
99 107 140
Q4 Q3 Q2 2014 2016
761 662 931
105 95 146
Q3 2014 Q1 Q22016
832 628 607
95 160 97 Single Family
Q2 2014 Q4 2015 Q1 2014
740 731 417
97 144 104
Q1 2014 Q3 2015 Q4 2013
507 903 560
103 136 98
back to table of contents • www.bhhsNEproperties.com
Q4 2015
Q1 2016
Q2 2016
Q3 2016
single family and condo ratio Q3 2015
Condominium Single Family
Q3 2016
Condominium
Single Family
Single Family
Condominiums
Q3 2016
Condominium Single Family
ct market report • 31
Condom
New London County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$193,600
-1.6%
$213,500
Condo
-
-
-
1 Family
$236,300
-3.4%
Condo
$186,900
31.8%
1 Family
$328,900
Condo
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
30.6%
10
25.0%
136
76.3%
$1,936,000
23.0%
-
-
-
-
-
-
-
$230,000
-1.1%
55
1.9%
128
-2.4%
$12,996,000
-1.6%
$155,900
94.9%
11
22.2%
126
27.2%
$2,056,000
61.1%
-10.1%
$283,000
-5.7%
61
0.0%
133
3.6%
$20,065,000
-10.1%
$208,200
-14.1%
$175,000
-25.5%
23
35.3%
133
2.1%
$4,789,000
16.2%
1 Family
$337,900
39.3%
$337,900
39.3%
1
0.0%
111
94.7%
$338,000
39.3%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$162,600
-2.3%
$157,500
-4.5%
40
-13.0%
120
-3.5%
$6,503,000
-15.0%
Condo
$64,100
22.8%
$64,100
-3.7%
2
-33.3%
288
240.2%
$128,000
-18.1%
1 Family
$288,500
3.1%
$235,000
-5.1%
99
12.5%
130
-15.2%
$28,559,000
15.9%
Condo
$150,200
-14.4%
$125,000
-18.3%
31
40.9%
102
-36.9%
$4,655,000
20.6%
1 Family
$203,300
15.2%
$215,000
22.2%
41
105.0%
127
-26.2%
$8,334,000
136.1%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$235,400
9.8%
$223,000
0.2%
76
31.0%
129
20.7%
$17,894,000
43.8%
Condo
$101,000
79.7%
$101,000
79.7%
2
0.0%
90
-50.1%
$202,000
79.7%
1 Family
$143,300
-35.6%
$151,300
-23.8%
12
-7.7%
131
-29.0%
$1,719,000
-40.6%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$508,000
-22.6%
$482,500
50.8%
12
71.4%
204
7.0%
$6,096,000
32.7%
Condo
-
-
-
-
-
-
-
-
-
-
BOZRAH
COLCHESTER
EAST LYME
GILMAN
GRISWOLD
GROTON
LEBANON
LEDYARD
LISBON
LYME
MONTVILLE 1 Family
$199,600
8.2%
$191,500
9.1%
70
14.8%
122
0.6%
$13,970,000
24.2%
Condo
$77,300
106.0%
$65,000
73.3%
4
300.0%
109
-60.9%
$309,000
724.0%
NEW LONDON 1 Family
$176,400
16.9%
$155,000
14.9%
43
-6.5%
91
-9.8%
$7,584,000
9.3%
Condo
$154,600
-26.4%
$142,000
-4.2%
13
225.0%
213
-10.4%
$2,010,000
139.1%
NORTH FRANKLIN 1 Family
$221,600
38.8%
$200,000
25.1%
10
100.0%
171
54.5%
$2,216,000
177.5%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$293,700
17.7%
$238,900
7.4%
19
-20.8%
157
18.6%
$5,580,000
-6.8%
Condo
-
-
-
-
-
-
-
-
-
-
NORTH STONINGTON
back to table of contents • www.bhhsNEproperties.com
ct market report • 32
New London County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$130,500
21.4%
$130,300
Condo
$85,700
-27.7%
1 Family
$365,200
Condo
$252,500
1 Family Condo
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
27.7%
82
-5.7%
137
4.2%
$10,698,000
14.4%
$84,500
-17.6%
24
26.3%
185
-1.5%
$2,056,000
-8.7%
-11.1%
$325,000
5.9%
37
23.3%
206
24.5%
$13,514,000
9.6%
-
$252,500
-
1
-
248
-
$253,000
-
$210,800
-0.1%
$210,000
6.3%
15
-11.8%
142
19.3%
$3,163,000
-11.8%
-
-
-
-
-
-
-
-
-
-
NORWICH
OLD LYME
PRESTON
SALEM 1 Family
$301,300
39.4%
$249,900
16.2%
13
0.0%
160
26.6%
$3,917,000
39.4%
Condo
$44,300
50.0%
$44,300
50.0%
2
100.0%
153
263.1%
$89,000
200.0%
1 Family
$192,800
10.9%
$196,000
-2.0%
9
12.5%
126
8.5%
$1,735,000
24.7%
Condo
-
-
-
-
-
-
-
-
-
-
SPRAGUE
STONINGTON 1 Family
$414,300
9.6%
$362,500
16.9%
54
-16.9%
221
64.0%
$22,373,000
-9.0%
Condo
$220,800
-55.3%
$227,500
-49.4%
8
14.3%
195
-22.8%
$1,766,000
-48.9%
1 Family
$174,500
-9.2%
$187,500
-0.3%
7
-36.4%
120
-34.6%
$1,222,000
-42.2%
Condo
-
-
-
-
-
-
-
-
-
-
VOLUNTOWN
WATERFORD 1 Family
$245,100
-1.8%
$205,500
-8.7%
84
1.2%
133
-5.3%
$20,589,000
-0.6%
Condo
$156,600
-1.4%
$168,000
7.3%
8
-33.3%
84
-30.4%
$1,253,000
-34.3%
back to table of contents • www.bhhsNEproperties.com
ct market report • 33
Tolland County
Willington • 38WildernessWay.bhhsNEproperties.com
WINDHAM LITCHFIELD HARTFORD
TOLLAND
MIDDLESEX
NEW LONDON
NEW HAVEN FAIRFIELD
back to table of contents • www.bhhsNEproperties.com
ct market report • 34
Tolland County
Q3-2016
There were 461 single family homes sold in Third Quarter 2016, down 5.3% YOY. Sales volume went down 2.4% ($111,940,000 vs $114 803,000), and average sales price was $242,800, a 3.0% increase YOY. Condominium sales decreased 11.27% with 63 units sold in Third Quarter 2016. Sales volume decreased $10,414,000 compared to $10,529,000, down 1.0% YOY. Average price for condominiums was $165,300 in Third Quarter 2016, an increase of 11.4%. Average days on market was 126 for single family homes and 151 for condominiums. Average rental prices were $1,414 per month.
AVERAGE AND MEDIAN SALES PRICE Average and median sales price Average Single Family
Average Condominium
Median Single Family
Median Condominium
300000 250000 200000 150000 100000 50000 0 Q4 2014
Q1 2015
Number of Sales
Q2 2015
Q3 2015
Days on Market Q3 2015
Q1 2015 Q4 2014 Q3 2016
481 229 577 524
99 95 107 129
Q4 Q3 Q2 2014 2016
761 339 662 459
105 90 95 135
Q3 2014 Q1 Q22016
832 476 275 607
95 75 151 97 Single Family
Q2 2014 Q4 2015 Q1 2014
740 390 389 417
97 85 144 104
Q1 2014 Q3 2015 Q4 2013
507 246 558 560
103 104 125 98
back to table of contents • www.bhhsNEproperties.com
Q4 2015
Q1 2016
Q2 2016
Q3 2016
single family and condo ratio Q3 2015
Condominium Single Family
Condominium
Single Family
Q3 2016
Single Family
Q3 2016
Condominium Single Family
Condominiums
ct market report • 35
Condom
Tolland County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$248,300
12.1%
$258,000
Condo
-
-
-
1 Family
$241,100
12.2%
Condo
-
1 Family Condo
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
12.7%
17
-10.5%
149
9.2%
$4,220,000
0.3%
-
-
-
-
-
-
-
$255,000
8.5%
8
-38.5%
100
5.0%
$1,929,000
-31.0%
-
-
-
-
-
-
-
-
-
$288,400
2.9%
$252,000
5.7%
16
0.0%
134
20.2%
$4,614,000
2.9%
-
-
-
-
-
-
-
-
-
-
1 Family
$226,200
8.6%
$232,800
17.8%
24
-7.7%
154
-20.2%
$5,428,000
0.3%
Condo
-
-
-
-
-
-
-
-
-
-
AMSTON
ANDOVER
BOLTON
COLUMBIA
COVENTRY 1 Family
$238,300
8.1%
$230,000
0.0%
41
-30.5%
98
-17.3%
$9,769,000
-24.9%
Condo
$164,000
18.1%
$164,000
26.2%
2
-60.0%
628
276.0%
$328,000
-52.7%
1 Family
$270,400
-10.9%
$257,000
1.9%
59
13.5%
137
21.0%
$15,953,000
1.1%
Condo
$134,700
-38.6%
$98,000
-62.7%
7
-36.4%
173
-2.0%
$943,000
-60.9%
ELLINGTON
HEBRON 1 Family
$289,400
11.4%
$270,300
-2.6%
24
84.6%
155
24.4%
$6,947,000
105.7%
Condo
$252,000
31.0%
$252,000
50.9%
2
-33.3%
84
-20.9%
$504,000
-12.7%
MANSFIELD 1 Family
$237,600
2.3%
$231,000
6.2%
43
34.4%
134
4.9%
$10,215,000
37.4%
Condo
$160,200
-1.6%
$171,300
28.8%
16
33.3%
131
6.2%
$2,563,000
31.1%
1 Family
$345,300
23.5%
$265,000
4.3%
35
-10.3%
98
-26.5%
$12,085,000
10.8%
Condo
$319,500
-
$373,200
-
4
-
96
-
$1,278,000
-
SOMERS
STAFFORD 1 Family
$197,300
5.6%
$205,000
16.8%
48
9.1%
135
-7.3%
$9,471,000
15.2%
Condo
$48,000
-47.7%
$48,000
-31.4%
1
-80.0%
133
2.0%
$48,000
-89.5%
1 Family
$265,600
-7.6%
$253,500
-11.7%
50
-19.4%
111
16.8%
$13,281,000
-25.5%
Condo
$202,000
20.4%
$176,000
40.8%
6
50.0%
171
-43.6%
$1,212,000
80.6%
1 Family
$193,500
110.0%
$193,500
110.0%
1
-50.0%
258
8.2%
$194,000
5.0%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$179,200
-5.4%
$176,400
-4.2%
80
-11.1%
124
2.5%
$14,336,000
-15.9%
Condo
$147,400
18.7%
$130,500
20.3%
24
-20.0%
123
17.9%
$3,539,000
-5.1%
1 Family
$233,300
13.1%
$220,000
11.7%
15
-25.0%
124
30.9%
$3,500,000
-15.1%
Condo
$900
-97.4%
$900
-97.4%
1
0.0%
-
-
$1,000
-97.4%
TOLLAND
UNION
VERNON
WILLINGTON
back to table of contents • www.bhhsNEproperties.com
ct market report • 36
Windham County
Pomfret • 76DeerfieldRoad.bhhsNEproperties.com
WINDHAM LITCHFIELD HARTFORD
TOLLAND
MIDDLESEX
NEW LONDON
NEW HAVEN FAIRFIELD
back to table of contents • www.bhhsNEproperties.com
ct market report • 37
Windham County
Q3-2016
There were 399 single family homes sold in Third Quarter 2016, up 0.5% YOY. Sales volume increased 3.5% ($73,339,000 vs $70,339,000), and average sales price was $183,800, up 6.0%. 23 condominiums were sold in Third Quarter 2016, down 4.1%. Sales volume jumped 12.6% ($3,466,000 vs $3,077,000), and average sales price jumped 17.5% YOY with an average price of $127,500 in Third Quarter. Average days on market was 127 for single family homes and 125 for condominiums. Average rental prices were $1,230 per month.
AVERAGE ANDmedian MEDIAN SALES Average and sales pricePRICE Average Single Family
Average Condominium
Median Single Family
Median Condominium
250000
200000
150000
100000
50000
0 Q4 2014
Q1 2015
Q2 2015
Number Number of Sales Sales
Days Days on on Market Market
Q1 2015 Q3 2016 Q4 2014
193 422 212 112
100 127 95 87
Q4 Q2 2014 2016 Q3
287 389 262 110
100 149 87 98
Q3 2014 Q1 Q2 Q1 2016
341 292 220 70
86 143 101 97
Q2 2014 Q4 2015 Q1 2014 2013
301 365 149 92
98 143 108 107
Q1 2014 Q3 2015 Q4 2013
190 421 207 98
Q3 2015
Q4 2015
Q1 2016
Q2 2016
Q3 2016
single family and condo ratio
Q3 2015
Single Family
Q3 2015
CondominiumSingle Family
Q3 2016
Condominium
Single Family
Single Family
Condominiums
CondominiumSingle Family
101 137 108 88
back to table of contents • www.bhhsNEproperties.com
Q3 2016
ct market report • 38
Cond
Windham County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$157,300
2.5%
$155,000
Condo
-
-
-
1 Family
$220,700
16.9%
Condo
$197,000
1 Family Condo
SALES
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
-6.1%
20
122.2%
141
11.9%
$3,146,000
127.7%
-
-
-
-
-
-
-
$215,000
3.9%
31
6.9%
101
-1.8%
$6,840,000
25.0%
-3.9%
$197,000
-3.9%
2
0.0%
218
-12.1%
$394,000
-3.9%
$230,500
31.9%
$239,900
23.0%
21
5.0%
133
-20.6%
$4,840,000
38.5%
-
-
-
-
-
-
-
-
-
-
1 Family
$187,200
24.6%
$180,000
18.4%
11
37.5%
173
39.1%
$2,059,000
71.4%
Condo
$57,800
-
$57,800
-
1
-
88
-
$58,000
-
1 Family
$237,000
4.8%
$227,000
7.7%
4
-33.3%
62
-63.4%
$948,000
-30.2%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$311,900
101.5%
$260,000
66.7%
7
0.0%
175
69.0%
$2,183,000
101.5%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$170,300
5.8%
$165,300
6.6%
73
17.7%
126
4.3%
$12,432,000
24.5%
Condo
$144,200
57.4%
$139,900
89.1%
7
16.7%
143
19.4%
$1,010,000
83.6%
1 Family
$148,800
-12.5%
$145,000
-8.2%
49
-18.3%
125
6.1%
$7,293,000
-28.5%
Condo
$152,000
53.6%
$152,000
103.5%
1
-66.7%
88
-7.0%
$152,000
-48.8%
1 Family
$275,100
5.8%
$258,800
-1.6%
14
7.7%
151
8.9%
$3,852,000
13.9%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$151,000
-9.7%
$152,500
-0.8%
24
0.0%
128
-14.7%
$3,624,000
-9.7%
Condo
$179,700
11.3%
$185,000
5.7%
7
0.0%
127
-45.3%
$1,258,000
11.3%
1 Family
$54,900
5.7%
$54,900
5.7%
1
-50.0%
84
-47.2%
$55,000
-47.2%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$165,000
-30.1%
$165,000
-30.1%
2
100.0%
403
31.7%
$330,000
39.8%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$190,600
6.7%
$186,800
8.7%
14
-22.2%
112
-17.6%
$2,669,000
-17.0%
Condo
-
-
-
-
-
-
-
-
-
-
1 Family
$192,600
-1.9%
$198,700
-0.1%
35
0.0%
130
-10.7%
$6,742,000
-1.9%
Condo
-
-
-
-
-
-
-
-
-
-
ASHFORD
BROOKLYN
CANTERBURY
CHAPLIN
EASTFORD
HAMPTON
KILLINGLY
PLAINFIELD
POMFRET
PUTNAM
QUINEBAUG
SCOTLAND
STERLING
THOMPSON
back to table of contents • www.bhhsNEproperties.com
ct market report • 39
Windham County
Q3-2016
AVERAGE SALES PRICE
MEDIAN SALES PRICE qtr 3 %chg 2016 15-16
SALES qtr 3 2016
%chg 15-16
days on market qtr 3 %chg 2016 15-16
Dollar Volume qtr 3 %chg 2016 15-16
qtr 3 2016
%chg 15-16
1 Family
$114,300
-7.2%
$120,000
1.7%
54
-6.9%
116
-21.8%
$6,174,000
-13.6%
Condo
$129,000
7.9%
$129,000
7.9%
1
-50.0%
49
-16.2%
$129,000
-46.0%
1 Family
$260,300
0.5%
$264,900
10.4%
39
-13.3%
128
-13.0%
$10,151,000
-12.9%
Condo
$116,400
-13.6%
$127,000
-5.8%
4
100.0%
82
-50.2%
$465,000
72.8%
WINDHAM
WOODSTOCK
back to table of contents • www.bhhsNEproperties.com
ct market report • 40
