Friday, November 09, 2012

By the Numbers...Breakdown of Sales

Here are the breakdown of Sales in the Mid-Fairfield Connecticut area through November 8, 2012 Price Range Westport Weston Wilton Fairfield Norwalk $0-500,000 22 21 36 283 458 $500,000-800,000 77 38 90 168 94 $800,000-1,000,000 55 26 38 47 22 $1,000,000-1,200,000 27 12 20 40 6 $1,200,000-1,500,000 53 5 13 36 12 $1,500,000-2,000,000 52 7 10 13 10 $2,000,000-2,500,000 29 1 1 10 4 $2,500,000-3,000,000 15 1 0 2 3 $3,000,000-3,500,000 7 0 0 0 2 $3,500,000+ 10 0 0 1 3 Totals 327 108 199 588 607 Includes Single Family (26*) (15*) (68*) (176*) & Condos* The majority of sales were in the lower end of each market. This is especially pronounced in Norwalk, where 458 of the 607 sales year to date, have been under $500,000 (these figures include Condominium sales). In Fairfield, 451 of the 588 sales have been under $800,000. 154 of the 327 sales in Westport, or nearly half, have been under $1,000,000. Another 'hot' area has been homes selling between $1,000,000-2,000,000, with a total of 132 homes sold in this price range. On the high end it is clear that the vast majority of sales over $2,000,000 have gone to Westport. Westport has had 61 sales over $2,000,000 and the next closest town is Fairfield with 13. In the $1,000,000-1,200,000 range Fairfield has had the most sales (40), but as a proportion of sales this price range has been strong in both Wilton & Weston. These two towns have also attracted many buyers seeking value below $1,200,000, with many buyers ending their home search in Weston & Wilton after originally looking in Westport, as well as points west (including Greenwich, Darien, New Canaan, & Westchester county).

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