Friday, October 02, 2015

Early Autumn Sales

By the end of September, it now looks like most towns have caught up to 2014 levels with the exception of Wilton.  In Wilton there have been 167 sales thus far compared to 181 at the end of September 2014, representing a decrease of 7.7%. There was a bump up in September of 20 homes going to contract compared to 15 in September 2014, and the median price has increased approximately 4.7% to $853,000 through September.

Weston’s median price of $850,000 is nearly identical to Wilton’s.  Weston has slowed slightly.  There were 14 homes that went to contract compared to 11 during the same period in the previous year.  The 123 homes sold thus far is one more than through the first 9 months of 2014.

Westport saw a significant jump in September activity, with 45 homes going to contract compared to 30 in September 2014. The median price slipped slightly to $1,300,000, a 3.5% dip.  Closed sales are slightly ahead of 2014 with 296 compared to 292.

While the median price of $580,000 is holding ‘steady’, sales volume is increasing rapidly in Fairfield.  September saw 113 properties go to contract, compared to 45 in September, 2014.  Year to date there have been 607 closed sales in Fairfield compared to 524 last year, a 15.8% increase.  I would expect to see continued gains throughout the year.

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