bhhs new england properties 2014 q3 connecticut market report

This issue

The Luxury MarketInsights into

Fairfield County

ct market report • 2

Welcome to Berkshire Hathaway HomeServices New England Properties’ Third Quarter Connecticut Market Report, our examination of the single family and condominium markets in Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham Counties.

The Connecticut housing market showed consistency year over year with 8,461 closed sales, with single family home average and median prices remaining flat or slightly declining. Days on market have decreased, while supply has increased, creating a perfect environment for buyers.

As we look to the last few months of 2014, we anticipate that national economic trends will influence pricing and buyer confidence. With still-low interest rates, an abundance of supply, and stabilized pricing, the remainder of 2014 proves to be a promising buyer’s market.

At Berkshire Hathaway HomeServices New England Properties, our mission is to provide an unparalleled customer service experience throughout all aspects of the home transaction process. If you have any questions regarding this report, 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 and CEO

Prepared by:

Candace Adams, President/CEO, [email protected] Redican, Director of Marketing, [email protected] Pruner, REALTOR®, Greenwich Office, [email protected] - The Luxury Market Report

a new FocusRecenTly feaTuRed in The cT PosT

Berkshire hathaway homeservices new england Properties’ RealToR Guihue “Ginger” Zhu speaks to the

number of foreign buyers in the connecticut market.

Read the full article

1,000 Offices & grOwing

Berkshire hathaway homeservices celebrated it’s first year anniversary

by opening it’s 1,000th office.

first greenwich Open hOuse weekend

a successon oct. 3-5 the BhhsneP Greenwich office partnered with local retailers

for it’s first open house weekend featuring over 90 properties.

http://www.ctpost.com/news/article/Real-estate-agencies-see-value-in-5810571.php%20

ct market report • 3

contents

CONNECTICuT OvERvIEW

THE LuxuRy MARkET

FAIRFIELD COuNTy

HARTFORD COuNTy

LITCHFIELD COuNTy

MIDDLESEx COuNTy

NEW HAvEN COuNTy

NEW LONDON COuNTy

TOLLAND COuNTy

WINDHAM COuNTy

newtown • www.21farmMeadowRoad.bhhsneproperties.com

Cover Photo: Greenwich-Riversidewww.19HiddenBrookRd.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 30th, 2014, 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.

http://www.21FarmMeadowRoad.bhhsNEproperties.com

Connecticut Market Overview Q3-2014

back to table of contents • www.bhhsNEproperties.com ct market report • 4

CONNECTICuT By THE NuMBERS

Days on Market sales MeDian sales Price average sales Price Dollar voluMeQTR 32014

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FairFielD county

1 Family 128 -5.9% 2320 -9.7% $505,500 -3.8% $813,400 2.1% $1,887,194,000 -7.7%

Condo 123 -7.4% 649 -7.8% $285,000 -1.9% $364,400 2.9% $236,504,000 -5.1%

HartForD county

1 Family 64 10.3% 2101 -0.4% $229,000 0.0% $267,800 0.9% $562,716,000 0.5%

Condo 72 -12.8% 560 -0.5% $155,000 -0.6% $182,300 0.1% $102,088,000 -0.4%

litcHFielD county

1 Family 120 -10.1% 457 3.6% $205,000 -6.0% $287,800 -16.2% $131,543,000 -13.2%

Condo 99 -33.6% 62 -16.2% $114,500 0.0% $159,300 8.2% $9,875,000 -9.3%

MiDDleseX county

1 Family 78 6.8% 477 14.9% $253,000 -8.0% $307,800 -1.4% $146,821,000 13.3%

Condo 93 3.8% 94 -6.9% $136,800 3.6% $169,200 1.0% $15,907,000 -6.0%

neW Haven county

1 Family 80 -6.3% 1660 -4.0% $230,000 -3.8% $267,000 -3.3% $443,287,000 -7.1%

Condo 87 -16.3% 481 1.1% $129,000 -11.0% $165,400 -2.4% $79,558,000 -1.3%

neW lonDon county

1 Family 89 -2.9% 711 4.6% $215,000 -2.6% $249,800 -2.8% $177,613,000 1.7%

Condo 120 -13.1% 103 19.8% $113,500 -13.4% $140,600 -25.4% $14,484,000 -10.7%

tollanD county

1 Family 73 6.9% 411 5.4% $225,000 -2.2% $241,300 -0.3% $99,157,000 5.1%

Condo 79 21.0% 53 -11.7% $146,500 2.5% $173,100 0.2% $9,177,000 -11.5%

WinDHaM county

1 Family 83 -13.5% 324 20.9% $159,000 0.9% $174,600 3.1% $56,573,000 24.7%

Condo 94 -31.3% 13 -53.6% $172,000 41.6% $140,300 4.8% $1,824,000 -51.4%

• Connecticut’s rental market remained strong with signed leases up 4.6% year over year• There was a 9.1% increase in the number of sales over $5 million in the third quarter when compared

to last year, however the inventory also increased with properties listed over $5 million making up 17.2% of current active listings in the luxury market

• Contracts signed – the leading indicator of real estate activity – increased in the condominium market year over year by 4.2%

NEW HOuSING PERMITS

According to the National Association of Home Builders, builder confidence in the market for newly built, single family homes is at a nine-year high. In Connecticut, new housing permit data provided by the Connecticut Department of Economic and Community Development, shows a 17.4% increase year over year for single and multi-unit residential housing through August.

http://www.bhhsneproperties.com/default.aspx



CLOSED SALES

CONTRACTS SIGNED

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There were 8,461 closed sales for single family homes during Third Quarter 2014, 1.6% lower than the number of sales in Third Quarter 2013 yet up 10.7% versus last quarter, a common seasonal trend. Condominium sales showed a year over year decrease of 3.7% but remained consistent with the same number of transactions as the second quarter of this year.

Pending sales for single family homes in the third quarter were down year over year by 5.7%. Contracts signed for condominiums, however, was up 4.2% when compared to Third Quarter 2013.




HOME PRICES

Both single family and condominium home values are only slightly lower by percentage this quarter when compared to Third Quarter 2013 with single family home average sale prices at $414,200. Windham led the State this quarter with a 3.1% increase, followed by Fairfield County with a 2.1% increase. Average condominium sale prices are $233,000 statewide with Litchfield and Windham Counties showing increases of 8.2% and 4.8% respectively.

Average Sales Price Single Family

Average Sales Price Condominium

Median Sales Price Single Family

Median Sales Price Condominium

Q2 2014 $422,400 $228,300 $260,000 $168,000

Change -1.9% 2.1% 1.3% -1.8%

Q3 2014 $414,200 $233,000 $263,500 $165,000

Q2 2013 $427,700 $234,500 $275,000 $177,000

Change -3.2% -0.6% -4.2% -7.1%

Q3 2014 $414,200 $233,000 $263,500 $165,000

SALES vOLuME

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Statewide Sales Volume

Single Family

Condominium

-4.7%Q3 2014 vs Q3 2013

-4.3%

Q3 2014 vs Q3 2013

Sales volume for single family homes in Connecticut decreased to $3,504,903,000, down 4.7%, when compared to Third Quarter 2013. Sales volume rose most notably in Windham and Middlesex Counties by 24.7% and 13.3% respectively. Statewide condominium dollar volume was $469,417,000, a 4.3% decrease year over year.


Q3-2014


The Luxury Market

Connecticut as a whole has seen a 1.3% increase in the number of sold luxury residences in 2014 versus 2013, characterized as sales over $2 million. Sales have shifted toward more expensive homes with the percent of sold homes over $5 million up 9.1% year over year with 19 properties sold for over $10 million so far in 2014. Fifteen of these properties are in Greenwich, but Darien, New Canaan and Fairfield all had sales over $10 million.

The high-end market continues at a nice pace in Fairfield County. In the first nine months of 2014 there were 448 sales over $2 million. Of those sales 93% were in Greenwich, Westport, New Canaan and Darien, with 50% of all sales in Greenwich. So far this year $1.67 billion dollars of single family homes and condominiums over $2 million have been sold in Fairfield County, up 17.6% over last year. Sales have climbed from 429 units in the first 9 months of 2013 to 448 units so far this year or an increase of 4.7%.

0 50 100 150 200 250

Q3 2012

Q4 2012

Q1 2013

Q2 2013

Q3 2013

Q4 2013

Q1 2014

Q2 2014

Q3 2014

Number of Sales

Luxury Sales Over $5 Million $3-$5 Million $2-$3 MillionCONNECTICuT LuxuRy SALES

fairfield • www.80fleminglane.bhhsneproperties.com


http://www.80FlemingLane.bhhsNEproperties.com

Q3-2014


The Luxury Market

2014 1st 9 Mosunits total $

2013 1st 9 Mos units total$ DiFF

BRIDGEPORT 1 $2,200,000 0 $- 1 $2,200,000

DARIEN 54 $154,519,493 58 $169,136,800 -4 $(14,617,307)

FAIRFIELD 12 $40,200,000 16 $48,035,000 -4 $(7,835,000)

GREENWICH 224 $1,008,153,852 205 $751,036,068 19 $257,117,784

NEW CANAAN 66 $203,574,775 56 $160,472,000 10 $43,102,775

NORWALk 9 $30,647,633 9 $28,209,000 0 $2,438,633

RIDGEFIELD 4 $11,212,500 4 $12,933,062 0 $(1,720,562)

SHERMAN 1 $2,050,000 1 $3,550,000 0 $(1,500,000)

STAMFORD 3 $6,387,500 5 $12,230,243 -2 $(5,842,743)

WESTON 1 $2,900,000 1 $2,450,000 0 $450,000

WESTPORT 71 $206,149,237 70 $228,991,950 1 $(22,842,713)

WILTON 3 $8,777,500 4 $8,977,500 -1 $(200,000)

total 448 $1,556,772,490 429 $1,426,021,623 19 $130,750,867

The average price of these units has increased to $3,734,000 up 12.3% from the first nine months of 2013. Of this gain in average price, $267,000 is due to the sale of one house, Copper Beach Farm in Greenwich, CT, which sold in April for $120,000,000. Excluding this sale, the average price for houses over $2 million in Fairfield County is $3,475,000, still up 4.5% year over year.

The third quarter of 2014 had two good months of sales followed by a September with lower sales than in either 2013 or 2012. Once again this was true for the whole market both above and below $2 million. Overall sales were down a small 3% for the third quarter of 2014, but still up for the year.

This market is still challenging, with more sellers than buyers, but the momentum is definitely swinging to the sellers. For sellers that need to sell, pricing their house to today’s market is essential. Alternatively, many sellers at the high-end of the market don’t have to sell and if a buyer really wants one particular unique property they will most likely have to pay a premium.

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FAIRFIELD COuNTy LuxuRy SALES



Fairfield County

Greenwich • www.233ByramShoreRd.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN

MIDDLESEX NEW LONDON

WINDHAM

TOLLANDHARTFORDLITCHFIELD


http://www.233ByramShoreRd.bhhsNEproperties.com

Q3-2014


Fairfield County

Fairfield County experienced a 9.7% decline in closed sales and 7.7% decline in dollar volume compared to the third quarter of last year. Average prices increased slightly, which confirms the property mix includes more high-end properties. Days on market dropped 17 more days since last quarter to 126 days. Rental prices in Fairfield County continued to decrease this quarter with an average price of $2,900.

SINGLE FAMILy AND CONDO RATIO

AvERAGE AND MEDIAN SALES PRICE

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AVERAGE AND MEDIAN SALES PRICE

Average Single Family Average Condominium Median Single Family Median Condominium

Number of Sales

Days on Market

Q3 2014 2969 126

Q2 2014 2857 143

Q1 2014 1663 157

Q4 2013 2445 147

Q3 2013 3272 135

condominiumssingle Family

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Q3-2014


Fairfield County


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BetHel

1 Family 104 -44.3% 38 -2.6% $319,000 2.9% $329,100 -2.1% $12,504,000 -4.6%

Condo 737 530.2% 11 -21.4% $230,000 -9.4% $287,700 -3.8% $3,164,000 -24.4%

BriDgePort

1 Family 142 3.2% 138 -11.0% $151,000 -2.6% $167,000 4.4% $23,039,000 -7.1%

Condo 101 11.4% 62 37.8% $60,000 -22.1% $75,100 -17.3% $4,656,000 14.0%

BrookFielD

1 Family 148 7.5% 49 -29.0% $325,000 -9.7% $379,200 -9.4% $18,581,000 -35.6%

Condo 131 2.0% 11 -64.5% $264,900 2.4% $269,900 2.8% $2,969,000 -63.5%

DanBury

1 Family 114 -10.8% 124 5.1% $265,000 -9.5% $276,400 -12.9% $34,272,000 -8.5%

Condo 116 -24.7% 90 -6.2% $250,000 19.2% $232,000 1.8% $20,878,000 -4.5%

Darien

1 Family 102 -14.6% 136 -9.3% $1,300,000 14.0% $1,336,100 8.6% $181,714,000 -1.5%

Condo 160 230.9% 5 -16.7% $400,000 -39.2% $317,100 -52.4% $1,586,000 -60.4%

easton

1 Family 128 -22.0% 35 45.8% $630,000 27.0% $682,600 24.0% $23,890,000 80.9%

Condo - - - - - - - - - -

FairFielD

1 Family 141 20.3% 201 -25.6% $589,000 -2.4% $714,500 -2.1% $143,606,000 -27.1%

Condo 102 -10.5% 41 20.6% $490,000 19.5% $494,400 14.8% $20,270,000 38.4%

greenWicH

1 Family 141 2.9% 189 -8.7% $1,665,000 -2.1% $2,378,900 7.6% $449,604,000 -1.8%

Condo 131 -5.8% 45 -26.2% $755,000 7.1% $998,000 27.6% $44,910,000 -5.8%

Monroe

1 Family 110 -25.6% 53 -3.6% $330,000 -21.6% $358,700 -15.1% $19,010,000 -18.2%

Condo 100 -41.1% 18 125.0% $213,500 12.4% $210,800 11.6% $3,795,000 151.1%

neW canaan

1 Family 155 -10.9% 81 -16.5% $1,750,000 25.1% $1,811,400 10.3% $146,720,000 -7.9%

Condo 149 -21.2% 20 17.6% $807,000 10.2% $890,700 12.1% $17,813,000 31.9%

neW FairFielD

1 Family 153 10.9% 51 2.0% $355,000 20.3% $431,600 22.3% $22,014,000 24.7%

Condo - - - - - - - - - -

neWtoWn

1 Family 163 -28.1% 121 27.4% $370,000 0.8% $417,100 5.5% $50,471,000 34.4%

Condo 125 -24.5% 13 44.4% $470,000 13.3% $434,700 10.7% $5,652,000 59.9%

norWalk

1 Family 125 -11.7% 172 -0.6% $449,500 -5.0% $557,800 -4.6% $95,950,000 -5.1%

Condo 120 -18.6% 61 -39.6% $230,000 -5.3% $270,300 -2.7% $16,489,000 -41.2%

reDDing

1 Family 134 -37.8% 21 -46.2% $610,000 17.9% $667,400 19.7% $14,016,000 -35.6%

Condo 100 -31.0% 1 -50.0% $650,000 11.1% $650,000 11.1% $650,000 -44.5%

riDgeFielD

1 Family 119 -37.0% 117 -12.0% $650,000 -13.7% $799,900 -9.8% $93,587,000 -20.6%

Condo 74 -49.4% 18 80.0% $249,000 -31.2% $301,900 -16.1% $5,433,000 51.1%


Q3-2014


Fairfield County


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sHelton

1 Family 111 6.6% 88 -16.2% $279,300 -19.3% $312,500 -17.5% $27,500,000 -30.8%

Condo 108 -36.8% 29 -32.6% $319,900 13.0% $324,400 5.3% $9,406,000 -29.0%

sHerMan

1 Family 243 31.1% 10 -16.7% $344,300 -22.2% $504,100 -29.4% $5,041,000 -41.2%

Condo - - - - - - - - - -

staMForD

1 Family 108 3.5% 198 -8.8% $621,300 7.3% $694,200 5.1% $137,450,000 -4.1%

Condo 102 -16.5% 155 3.3% $315,000 -3.4% $380,300 4.2% $58,939,000 7.7%

stratForD

1 Family 115 -4.8% 124 -4.6% $235,000 0.5% $255,500 6.3% $31,684,000 1.4%

Condo 149 28.8% 42 27.3% $178,000 -3.8% $192,700 -4.2% $8,093,000 21.9%

truMBull

1 Family 97 -2.7% 133 -8.3% $385,000 5.5% $412,400 5.4% $54,855,000 -3.3%

Condo 128 11.2% 10 -41.2% $330,000 10.0% $325,400 6.5% $3,254,000 -37.3%

Weston

1 Family 136 9.1% 59 -6.3% $775,000 -0.1% $830,400 -4.3% $48,994,000 -10.4%

Condo - - - - - - - - - -

WestPort

1 Family 148 29.5% 110 -21.4% $1,384,500 9.9% $1,671,500 17.3% $183,864,000 -7.9%

Condo 105 12.5% 8 -42.9% $600,000 32.1% $565,300 0.1% $4,523,000 -42.8%

Wilton

1 Family 120 -17.0% 72 -12.2% $820,300 -1.5% $955,900 2.6% $68,828,000 -10.0%

Condo 68 -16.3% 9 -25.0% $379,000 -10.8% $447,200 0.4% $4,025,000 -24.7%



Hartford County

Avon • www.85BishopLane.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.85BishopLane.bhhsNEproperties.com

Q3-2014


Hartford County

Hartford County’s single family home and condominium markets remained flat when compared to 2013 with significant changes only in the amount of time properties were on the market, an increase of 10.3% for single family homes and decrease of 12.8% for condominiums. Total dollar volume in sales reached $562,716,000, up 0.5% for single family homes and $102,088,000, down 0.4% for condominiums. The average sales price of single family homes was $267,800, consistent with 2013 pricing, and the average for condominiums was $182,300, up 0.1%. Average rental prices increased by 8.3% year over year to $1,611 per month.


Number of Sales

Days on Market

Q3 2014 2848 66

Q2 2014 2540 71

Q1 2014 1628 79

Q4 2013 2342 70

Q3 2013 2826 63

Q3 2013


Q3 2014


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Q3-2014


Hartford County

Days on Market sales MeDian sales Price average sales Price Dollar voluMeQTR 3 2014

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avon

1 Family 48 -2.0% 69 16.9% $430,000 -5.2% $529,200 2.7% $36,517,000 20.1%

Condo 64 -21.6% 28 -9.7% $202,500 -10.0% $230,700 -5.1% $6,459,000 -14.3%

Berlin

1 Family 69 37.7% 51 6.3% $265,000 7.1% $278,800 10.1% $14,217,000 17.0%

Condo 81 27.0% 20 42.9% $240,500 -16.0% $257,100 -10.8% $5,143,000 27.4%

BlooMFielD

1 Family 100 107.3% 53 12.8% $156,000 -16.6% $164,700 -28.3% $8,729,000 -19.1%

Condo 84 86.6% 24 20.0% $296,500 48.3% $342,600 31.8% $8,222,000 58.1%

Bristol

1 Family 86 22.6% 150 -3.8% $178,600 2.0% $190,100 1.7% $28,519,000 -2.2%

Condo 104 50.9% 25 0.0% $100,000 1.0% $109,600 -1.8% $2,740,000 -1.8%

Burlington

1 Family 80 -9.1% 30 -34.8% $321,300 0.2% $336,600 2.7% $10,097,000 -33.0%

Condo 98 -20.5% 1 -66.7% $140,000 5.3% $140,000 9.7% $140,000 -63.4%

canton

1 Family 85 47.2% 37 -17.8% $310,000 -2.5% $361,700 -6.0% $13,382,000 -22.7%

Condo 60 -43.9% 9 -10.0% $312,500 97.2% $273,100 41.0% $2,458,000 26.9%

east granBy

1 Family 59 9.2% 25 38.9% $300,000 5.3% $288,800 2.3% $7,221,000 42.0%

Condo 92 74.6% 5 66.7% $146,300 33.0% $202,400 14.3% $1,012,000 90.5%

east HartForD

1 Family 62 -19.1% 123 -6.8% $140,000 2.9% $135,800 0.6% $16,698,000 -6.3%

Condo 79 -37.8% 14 40.0% $59,600 -16.0% $71,000 -33.4% $994,000 -6.7%

east WinDsor

1 Family 103 56.5% 24 -7.7% $187,700 9.0% $190,400 2.0% $4,570,000 -5.8%

Condo 65 -27.4% 10 -16.7% $174,300 -16.5% $191,200 -10.8% $1,912,000 -25.7%

enFielD

1 Family 70 32.7% 129 31.6% $168,000 8.4% $175,100 7.3% $22,590,000 41.2%

Condo 84 2.2% 31 40.9% $129,000 -10.1% $135,700 -15.7% $4,207,000 18.8%

FarMington

1 Family 64 -3.8% 73 19.7% $397,000 10.3% $422,100 -3.1% $30,816,000 16.0%

Condo 57 0.9% 52 30.0% $205,000 12.6% $217,900 -7.6% $11,333,000 20.1%

glastonBury

1 Family 50 8.9% 117 -4.1% $341,000 -10.0% $405,100 1.2% $47,395,000 -3.0%

Condo 57 33.7% 34 17.2% $169,100 -0.5% $203,300 16.5% $6,913,000 36.6%

granBy

1 Family 46 -18.4% 23 -17.9% $265,000 -2.8% $282,200 -3.7% $6,491,000 -20.9%

Condo 65 400.0% 5 25.0% $215,000 25.7% $235,600 42.6% $1,178,000 78.2%

HartForD

1 Family 112 65.8% 55 -20.3% $130,000 0.8% $177,400 1.8% $9,757,000 -18.9%

Condo 71 -31.9% 17 -34.6% $58,000 -36.8% $111,000 -21.5% $1,886,000 -48.7%

HartlanD

1 Family 17 -30.6% 1 -50.0% $270,000 -4.4% $270,000 -4.4% $270,000 -52.2%

Condo - - - - - - - - - -


Q3-2014


Hartford County


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QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

MancHester

1 Family 59 5.7% 143 -10.1% $162,500 -2.7% $186,900 -0.6% $26,731,000 -10.6%

Condo 93 -3.1% 40 48.1% $116,100 -10.6% $122,900 -3.7% $4,916,000 42.7%

MarlBorougH

1 Family 80 -16.6% 19 -9.5% $275,000 13.6% $283,600 5.9% $5,388,000 -4.2%

Condo 64 - 1 - $215,000 - $215,000 - $215,000 -

neW Britain

1 Family 40 -37.2% 73 -21.5% $140,000 12.0% $139,600 15.7% $10,192,000 -9.2%

Condo 68 -22.4% 18 0.0% $72,500 -31.3% $80,600 -29.3% $1,450,000 -29.3%

neWington

1 Family 56 18.0% 73 5.8% $220,000 -2.7% $222,400 -6.9% $16,236,000 -1.5%

Condo 57 -28.7% 24 -42.9% $144,500 1.2% $160,100 -3.1% $3,843,000 -44.6%

Plainville

1 Family 77 34.5% 45 -15.1% $175,000 -15.5% $187,200 -6.2% $8,425,000 -20.4%

Condo 50 -41.8% 11 -50.0% $128,000 68.4% $127,800 26.3% $1,406,000 -36.9%

rocky Hill

1 Family 53 -3.8% 32 -8.6% $304,300 10.6% $331,900 11.9% $10,620,000 2.3%

Condo 46 -6.6% 29 3.6% $139,000 -17.1% $146,300 -7.7% $4,242,000 -4.4%

siMsBury

1 Family 46 -8.1% 76 -14.6% $327,000 -0.6% $372,800 -0.9% $28,333,000 -15.3%

Condo 71 18.1% 16 128.6% $208,500 12.7% $235,600 26.4% $3,770,000 188.9%

soutH WinDsor

1 Family 57 31.0% 72 -2.7% $277,500 3.1% $293,800 0.1% $21,153,000 -2.6%

Condo 94 44.8% 23 -4.2% $118,500 3.0% $140,000 0.8% $3,219,000 -3.4%

soutHington

1 Family 63 -0.9% 127 8.5% $274,500 -0.1% $284,500 0.6% $36,137,000 9.2%

Condo 70 -36.3% 32 -15.8% $146,900 -23.7% $164,700 -14.4% $5,271,000 -27.9%

suFFielD

1 Family 94 45.9% 40 -4.8% $330,000 15.2% $344,100 5.0% $13,763,000 0.0%

Condo 81 -10.5% 11 10.0% $160,000 -2.4% $186,500 -4.7% $2,052,000 4.9%

West HartForD

1 Family 47 -0.7% 229 0.9% $322,000 5.6% $367,300 5.2% $84,113,000 6.1%

Condo 72 -24.9% 34 -29.2% $252,500 12.2% $270,500 1.7% $9,197,000 -28.0%

WetHersFielD

1 Family 50 12.9% 94 25.3% $211,700 -8.9% $226,900 -8.0% $21,333,000 15.4%

Condo 45 -36.3% 24 60.0% $146,500 39.6% $141,300 5.7% $3,392,000 69.1%

WinDsor

1 Family 76 15.9% 84 18.3% $204,500 -9.1% $204,900 -9.8% $17,209,000 6.8%

Condo 98 -15.3% 16 -33.3% $196,300 -7.6% $196,000 5.5% $3,136,000 -29.7%

WinDsor locks

1 Family 53 -3.8% 35 29.6% $160,000 0.1% $174,300 0.2% $6,100,000 29.9%

Condo 83 -54.6% 6 -45.5% $251,300 81.7% $230,200 37.9% $1,381,000 -24.8%



Litchfield County

New Hartford • www.EdwardChapinHome.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.edwardchapinhome.com

Q3-2014


Litchfield County

The number of single family homes in Litchfield County increased year over year yet prices decreased an average of 16.2% in the third quarter. Similarly to the second quarter of 2014, there was an increase in demand for condominiums with the average price increasing by 8.2% to $159,300 and days on market decreasing 33.6% to 99 days. Average rental prices decreased by 16.2% year over year.

Number of Sales

Days on Market

Q3 2014 545 119

Q2 2014 455 127

Q1 2014 315 158

Q4 2013 473 137

Q3 2013 535 133


Q3 2013


Q3 2014


Q3 2013


Q3 2014


Q3 2013


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Q3-2014


Litchfield County


%CHG13-14

QTR 32014

%CHG13-14

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%CHG13-14

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%CHG13-14

BantaM

1 Family 511 195.1% 2 -50.0% $1,117,500 403.7% $1,117,500 279.4% $2,235,000 89.7%

Condo - - - - - - - - - -

BarkHaMsteD

1 Family 104 0.0% 12 9.1% $220,000 12.8% $240,200 15.7% $2,882,000 26.3%

Condo - - - - - - - - - -

BetHleHeM

1 Family 256 365.5% 5 -37.5% $352,500 35.6% $332,500 32.9% $1,663,000 -16.9%

Condo - - - - - - - - - -

BriDgeWater

1 Family 312 24.4% 7 -30.0% $380,000 -35.3% $455,600 -22.3% $3,189,000 -45.6%

Condo - - - - - - - - - -

canaan

1 Family 89 -27.0% 11 0.0% $162,900 -4.2% $193,900 0.2% $2,132,000 0.2%

Condo - - - - - - - - - -

coleBrook

1 Family 52 -40.9% 5 25.0% $237,000 19.4% $278,400 33.2% $1,392,000 66.5%

Condo - - - - - - - - - -

cornWall

1 Family 79 - 1 - $500,000 - $500,000 - $500,000 -

Condo - - - - - - - - - -

cornWall BriDge

1 Family 255 -37.2% 2 0.0% $244,600 -57.6% $244,600 -57.6% $489,000 -57.6%

Condo - - - - - - - - - -

east canaan

1 Family 70 125.8% 1 0.0% $171,000 6.9% $171,000 6.9% $171,000 6.9%

Condo - - - - - - - - - -

gosHen

1 Family 200 3.2% 9 -43.7% $280,000 -16.2% $276,900 -34.5% $2,492,000 -63.2%

Condo 63 - 1 - $287,000 - $287,000 - $287,000 -

HarWinton

1 Family 64 -58.3% 11 -38.9% $239,000 3.0% $261,500 11.7% $2,876,000 -31.7%

Condo 3 -99.8% 1 -50.0% $303,900 -2.5% $303,900 -2.5% $304,000 -51.3%

kent

1 Family 150 -45.8% 5 -44.4% $289,000 3.2% $436,900 -18.7% $2,185,000 -54.8%

Condo 103 -39.3% 2 -50.0% $153,800 -3.9% $153,800 4.2% $308,000 -47.9%

litcHFielD

1 Family 191 1.8% 20 -4.8% $301,400 -8.7% $353,800 -27.8% $7,077,000 -31.2%

Condo 218 84.5% 6 0.0% $320,000 -2.0% $326,000 7.3% $1,956,000 7.3%

Morris

1 Family 78 -65.9% 14 133.3% $333,300 -15.1% $383,400 -20.5% $5,368,000 85.4%

Condo - - - - - - - - - -

neW HartForD

1 Family 85 -19.7% 23 0.0% $248,000 -6.4% $256,400 -17.6% $5,897,000 -17.6%

Condo 98 -27.4% 3 50.0% $81,000 0.3% $90,700 12.3% $272,000 68.4%


Q3-2014


Litchfield County


%CHG13-14

QTR 32014

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neW MilForD

1 Family 79 -8.3% 24 4.3% $279,300 3.4% $327,200 21.7% $7,852,000 26.9%

Condo 69 -12.5% 7 -22.2% $140,000 12.9% $197,000 52.3% $1,379,000 18.4%

norFolk

1 Family 261 75.2% 7 75.0% $249,000 -36.6% $278,000 -31.4% $1,946,000 20.0%

Condo - - - - - - - - - -

PlyMoutH

1 Family 91 48.3% 35 16.7% $176,000 6.0% $172,800 -3.6% $6,048,000 12.5%

Condo 39 -54.7% 3 -62.5% $86,500 -14.3% $89,500 -16.2% $268,000 -68.6%

roXBury

1 Family 306 -34.7% 9 -10.0% $575,000 2.1% $624,700 -12.7% $5,623,000 -21.4%

Condo - - - - - - - - - -

salisBury

1 Family 65 -61.4% 5 -58.3% $350,000 -41.5% $459,700 -67.1% $2,299,000 -86.3%

Condo 122 - 1 - $430,000 - $430,000 - $430,000 -

sHaron

1 Family 505 149.1% 4 100.0% $2,425,000 491.5% $2,825,600 589.2% $11,303,000 1278.4%

Condo - - - - - - - - - -

tHoMaston

1 Family 93 21.5% 19 5.6% $200,000 6.5% $181,000 -8.9% $3,440,000 -3.8%

Condo 136 81.1% 4 33.3% $105,000 15.4% $137,200 56.5% $549,000 108.7%

torrington

1 Family 82 -26.0% 92 1.1% $137,300 -8.5% $141,400 -6.3% $13,006,000 -5.3%

Condo 74 -48.0% 14 -33.3% $87,500 -12.5% $92,500 -17.0% $1,294,000 -44.7%

Warren

1 Family 175 -55.0% 4 -33.3% $573,500 -32.9% $506,100 -67.6% $2,025,000 -78.4%

Condo - - - - - - - - - -

WasHington

1 Family 233 -24.7% 12 -14.3% $772,500 37.3% $838,100 -30.3% $10,058,000 -40.2%

Condo 11 -89.6% 1 0.0% $400,000 100.0% $400,000 100.0% $400,000 100.0%

WatertoWn

1 Family 80 50.3% 63 40.0% $212,500 15.5% $227,300 18.3% $14,318,000 65.6%

Condo 85 1.3% 6 -40.0% $159,500 -18.6% $154,300 -20.7% $926,000 -52.4%

WincHester

1 Family 104 5.3% 36 16.1% $124,000 -23.8% $167,600 -18.9% $6,035,000 -5.8%

Condo 3 -92.9% 1 0.0% $80,000 -23.8% $80,000 -23.8% $80,000 -23.8%

WooDBury

1 Family 188 379.9% 19 72.7% $280,000 -6.4% $370,800 23.6% $7,046,000 113.4%

Condo 121 268.4% 12 100.0% $100,800 -4.3% $118,500 -6.3% $1,422,000 87.3%




Middlesex County

Westbrook • www.262OldKelseyPointRd.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.262OldKelseyPointRd.bhhsNEproperties.com

Q3-2014


Middlesex County

Middlesex County saw an increase both in sales volume and number of sales this quarter. Total dollar volume increased 13.3% to $146,821,000 year over year. The average sales price of single family homes was $307,800, down 1.4% and the average for condominiums was $169,200, up 1.0%. Average rental prices remained flat with last quarter at $1,430 per month.

Number of Sales

Days on Market

Q3 2014 545 119

Q2 2014 455 127

Q1 2014 315 158

Q4 2013 473 137

Q3 2013 535 133

Number of Sales

Days on Market

Q3 2014 587 79

Q2 2014 532 90

Q1 2014 355 108

Q4 2013 421 93

Q3 2013 527 76


Q3 2013


Q3 2014


Q3 2013


Q3 2014


Q3 2013


Q3 2014


Q3 2013


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Q3 2013


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Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014



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Q3-2014


Middlesex County

Days on Market sales MeDian sales Price average sales Price Dollar voluMeQTR 3 2014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

cHester

1 Family 147 64.5% 12 -7.7% $293,000 -12.5% $323,000 -3.0% $3,876,000 -10.4%

Condo 133 - 3 - $309,000 - $309,100 - $927,000 -

clinton

1 Family 97 -6.4% 42 20.0% $241,400 0.6% $278,800 12.2% $11,709,000 34.7%

Condo 131 56.6% 6 -14.3% $80,500 -51.2% $81,600 -44.8% $490,000 -52.7%

croMWell

1 Family 52 -19.3% 23 -4.2% $253,000 2.3% $310,700 10.5% $7,146,000 5.9%

Condo 55 -26.1% 31 0.0% $134,000 24.1% $165,700 21.6% $5,136,000 21.6%

DeeP river

1 Family 108 153.9% 13 30.0% $220,000 -15.9% $231,300 -59.1% $3,007,000 -46.8%

Condo 9 -89.2% 2 0.0% $140,000 -5.1% $140,000 -5.1% $280,000 -5.1%

DurHaM

1 Family 68 -6.6% 18 -10.0% $286,500 -10.5% $319,900 -4.0% $5,758,000 -13.6%

Condo 44 -79.1% 1 -50.0% $97,000 -44.0% $97,000 -44.0% $97,000 -72.0%

east HaDDaM

1 Family 62 0.5% 31 -3.1% $222,500 -16.0% $213,300 -25.9% $6,614,000 -28.2%

Condo 212 1410.7% 2 100.0% $177,500 42.0% $177,500 42.0% $355,000 184.0%

east HaMPton

1 Family 97 74.8% 43 30.3% $253,000 -8.0% $271,500 2.0% $11,676,000 32.9%

Condo - - - - - - - - - -

esseX

1 Family 113 78.3% 28 64.7% $372,500 -15.0% $546,000 -11.9% $15,289,000 45.1%

Condo 78 -63.4% 6 0.0% $221,500 -3.7% $205,000 -2.7% $1,230,000 -2.7%

HaDDaM

1 Family 64 -18.1% 27 8.0% $265,000 -19.0% $287,100 -5.3% $7,751,000 2.2%

Condo - - - - - - - - - -

killingWortH

1 Family 80 11.2% 24 33.3% $358,300 21.9% $375,200 32.4% $9,004,000 76.5%

Condo - - - - - - - - - -

MiDDleFielD

1 Family 87 11.3% 11 83.3% $240,000 24.7% $243,800 6.1% $2,682,000 94.5%

Condo 357 - 1 - $449,100 - $449,100 - $449,000 -

MiDDletoWn

1 Family 62 10.4% 98 14.0% $208,000 -5.5% $212,300 -11.1% $20,806,000 1.3%

Condo 98 14.6% 28 -6.7% $113,500 -5.0% $115,800 -18.2% $3,243,000 -23.6%

olD sayBrook

1 Family 76 31.9% 59 25.5% $348,500 5.0% $482,500 27.0% $28,467,000 59.4%

Condo 147 26.3% 7 -22.2% $335,000 11.7% $324,300 8.8% $2,270,000 -15.4%

PortlanD

1 Family 57 -12.9% 26 -7.1% $247,000 -13.1% $255,300 -9.6% $6,639,000 -16.0%

Condo 72 34.6% 6 50.0% $175,000 -0.5% $169,200 -18.2% $1,015,000 22.7%

WestBrook

1 Family 70 -63.7% 22 4.8% $264,200 -24.5% $290,800 -28.6% $6,398,000 -25.2%

Condo 305 824.2% 1 -50.0% $415,900 15.0% $415,900 15.0% $416,000 -42.5%



New Haven County

FAIRFIELD

NEW HAVEN


WINDHAM


North Haven • www.5000RidgeRd.bhhsNEproperties.com


http://www.5000RidgeRd.bhhsNEproperties.com

Q3-2014


New Haven County

New Haven County’s average days on market continued to decline along with both single family home and condominium pricing. Total dollar volume in sales reached $443,287,000, down 7.1% for single families and $79,558,000, down 1.3% for condominiums. The average sale price of single family homes was $267,000, down 3.3%, and the average for condominiums was $165,400, down 2.4%. Rental prices showed a 2.8% increase year over year, averaging $1,530 per month.

Number of Sales

Days on Market

Q3 2014 960 87

Q2 2014 856 92

Q1 2014 526 105

Q4 2013 789 96

Q3 2013 967 94


Q3 2013


Q3 2014


Q3 2013


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Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014




Q3 2013 Q3 2014


Q3-2014


New Haven County


%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

ansonia

1 Family 103 -31.8% 21 -25.0% $179,000 -1.9% $177,300 -3.3% $3,724,000 -27.5%

Condo - - - - - - - - - -

Beacon Falls

1 Family 173 26.7% 14 100.0% $252,000 -2.7% $214,800 -4.6% $3,007,000 90.7%

Condo 149 -50.1% 1 -50.0% $370,000 48.0% $370,000 48.0% $370,000 -26.0%

BetHany

1 Family 71 43.1% 10 -50.0% $254,000 -30.4% $261,700 -30.8% $2,617,000 -65.4%

Condo - - - - - - - - - -

BranForD

1 Family 115 29.6% 61 -3.2% $350,000 22.8% $396,200 10.3% $24,166,000 6.8%

Condo 98 0.4% 45 9.8% $165,000 4.1% $200,400 5.7% $9,018,000 16.0%

cHesHire

1 Family 59 -13.2% 78 -7.1% $350,000 11.1% $385,700 9.2% $30,081,000 1.4%

Condo 109 0.3% 14 -22.2% $155,000 -3.1% $189,700 -0.1% $2,656,000 -22.3%

DerBy

1 Family 101 -3.9% 11 -35.3% $160,500 25.4% $174,200 11.5% $1,916,000 -27.9%

Condo 90 8.8% 6 -40.0% $100,000 -16.7% $97,800 -9.5% $587,000 -45.7%

east Haven

1 Family 85 22.6% 62 10.7% $175,000 3.9% $180,000 1.5% $11,159,000 12.4%

Condo 91 -16.8% 18 5.9% $116,800 -0.2% $122,400 -14.0% $2,204,000 -8.9%

guilForD

1 Family 88 18.4% 84 0.0% $372,000 -7.0% $429,900 -0.3% $36,110,000 -0.3%

Condo 157 228.5% 11 -31.2% $218,000 13.7% $287,300 7.6% $3,160,000 -26.0%

HaMDen

1 Family 74 -6.0% 129 -5.1% $215,900 2.8% $223,500 -5.7% $28,831,000 -10.6%

Condo 88 -32.6% 42 -6.7% $92,500 -33.0% $110,800 -22.2% $4,654,000 -27.4%

MaDison

1 Family 84 -28.9% 74 -18.7% $437,500 5.4% $514,600 2.7% $38,080,000 -16.5%

Condo 46 -62.3% 10 -16.7% $279,500 -11.3% $368,000 -3.0% $3,680,000 -19.1%

MeriDen

1 Family 71 -1.2% 115 15.0% $146,000 -18.4% $151,800 -8.7% $17,458,000 5.0%

Condo 75 -8.3% 26 -18.7% $78,400 -30.3% $82,000 -27.7% $2,133,000 -41.3%

MiDDleBury

1 Family 99 23.5% 23 -8.0% $325,000 25.0% $335,300 18.7% $7,713,000 9.2%

Condo 18 -45.1% 7 250.0% $425,100 -5.0% $443,400 -0.9% $3,103,000 246.8%

MilForD

1 Family 75 14.9% 151 14.4% $287,500 0.5% $325,100 -0.6% $49,095,000 13.7%

Condo 96 7.0% 50 31.6% $185,500 -2.6% $217,900 3.6% $10,895,000 36.3%

naugatuck

1 Family 76 -13.7% 63 -10.0% $150,000 -6.7% $162,300 -1.8% $10,224,000 -11.6%

Condo 98 26.0% 8 -42.9% $71,800 15.9% $79,300 12.4% $634,000 -35.8%

neW Haven

1 Family 90 5.6% 72 -37.4% $185,000 -7.5% $214,700 -10.0% $15,459,000 -43.7%

Condo 93 22.1% 46 -9.8% $127,500 -21.8% $165,500 -5.6% $7,613,000 -14.8%


Q3-2014


New Haven County


%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

nortH BranForD

1 Family 68 -1.4% 36 20.0% $275,000 -10.6% $285,700 -7.7% $10,285,000 10.8%

Condo 99 59.6% 6 20.0% $142,000 -14.0% $170,600 8.6% $1,023,000 30.4%

nortH Haven

1 Family 61 -13.9% 66 3.1% $266,500 0.6% $295,700 11.7% $19,518,000 15.2%

Condo 103 -30.2% 9 12.5% $219,000 30.7% $224,800 28.1% $2,023,000 44.1%

orange

1 Family 45 -0.6% 42 0.0% $342,000 -9.9% $390,100 0.2% $16,385,000 0.2%

Condo - - - - - - - - - -

oXForD

1 Family 130 -10.3% 33 -15.4% $365,000 4.3% $363,800 -5.3% $12,005,000 -19.9%

Condo 143 -29.1% 9 12.5% $335,000 -13.8% $362,800 -7.3% $3,265,000 4.3%

ProsPect

1 Family 103 41.8% 21 -4.5% $293,500 15.2% $314,900 11.6% $6,613,000 6.5%

Condo 59 -17.5% 3 50.0% $220,000 -30.2% $259,600 -17.6% $779,000 23.6%

seyMour

1 Family 149 -17.4% 28 -6.7% $219,000 -4.4% $224,600 -15.5% $6,290,000 -21.1%

Condo 151 -29.5% 7 0.0% $98,000 -63.7% $106,900 -50.6% $748,000 -50.6%

soutHBury

1 Family 93 -18.8% 37 -28.8% $320,000 -19.9% $330,300 -20.1% $12,220,000 -43.2%

Condo 68 -53.2% 55 0.0% $100,000 -18.7% $124,700 -11.9% $6,858,000 -11.9%

WallingForD

1 Family 64 -23.2% 92 -7.1% $253,300 1.3% $272,600 2.2% $25,084,000 -5.0%

Condo 104 -7.4% 36 24.1% $172,500 -13.8% $207,700 -9.5% $7,476,000 12.3%

WaterBury

1 Family 75 -26.9% 173 17.7% $88,100 -5.3% $97,200 -3.7% $16,810,000 13.4%

Condo 51 -47.1% 44 12.8% $70,100 13.1% $72,100 4.1% $3,171,000 17.5%

West Haven

1 Family 66 4.1% 96 -3.0% $155,500 -0.5% $165,800 -3.1% $15,919,000 -6.0%

Condo 62 73.4% 24 33.3% $128,800 30.5% $124,000 4.1% $2,975,000 38.8%

Wolcott

1 Family 69 18.1% 32 -15.8% $204,800 5.5% $226,700 -1.0% $7,255,000 -16.6%

Condo 88 82.8% 4 0.0% $142,500 9.7% $133,000 1.0% $532,000 1.0%

WooDBriDge

1 Family 82 -7.7% 36 -7.7% $410,800 2.7% $424,000 -8.4% $15,263,000 -15.4%

Condo - - - - - - - - - -



New London County

Groton • www.160ShoreAve.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.160ShoreAve.bhhsNEproperties.com

Q3-2014


New London County

New London County single family home sales increased 4.6% year over year with sales volume reaching $177,613,000. The average sale price of single family homes was $249,800, down 2.8%, and the average for condominiums was $140,600, down 25.4%. With the price reductions offered on condominiums, total sales increased by 19.8% with days on market dropping 13.1% to 120 days. Average rental prices remained flat when compared to second quarter at $1,393 per month.

Number of Sales

Days on Market

Q3 2014 249 91

Q2 2014 229 100

Q1 2014 145 112

Q4 2013 185 102

Q3 2013 231 100


Q3 2013


Q3 2014


Q3 2013


Q3 2014



0

50000

100000

150000

200000

250000

300000

Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014




Q3 2013 Q3 2014


Q3-2014


New London County


%CHG13-14

QTR 32014

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BoZraH

1 Family 117 67.7% 3 -25.0% $215,000 72.0% $171,000 44.0% $513,000 8.0%

Condo - - - - - - - - - -

colcHester

1 Family 89 -17.5% 47 6.8% $212,500 -16.1% $218,100 -11.2% $10,251,000 -5.2%

Condo 154 -74.4% 1 -80.0% $170,000 -41.4% $170,000 -24.3% $170,000 -84.9%

east lyMe

1 Family 72 -13.2% 77 14.9% $273,000 -1.8% $311,500 -8.6% $23,987,000 5.0%

Condo 56 -23.4% 13 8.3% $199,000 -19.6% $209,600 -16.3% $2,725,000 -9.3%

grisWolD

1 Family 63 -22.3% 30 -9.1% $156,800 -5.6% $173,400 -24.1% $5,201,000 -31.0%

Condo 64 -46.6% 3 50.0% $29,500 -69.6% $48,200 -50.3% $145,000 -25.5%

groton

1 Family 124 8.4% 49 0.0% $185,000 -20.6% $257,800 -11.1% $12,633,000 -11.1%

Condo 93 -29.8% 20 11.1% $120,300 3.3% $122,800 -1.8% $2,457,000 9.2%

leBanon

1 Family 101 -17.0% 21 0.0% $259,000 32.8% $245,600 21.1% $5,157,000 21.1%

Condo - - - - - - - - - -

leDyarD

1 Family 63 -14.4% 49 -2.0% $225,000 -2.2% $212,300 -3.9% $10,401,000 -5.9%

Condo 83 241.1% 3 0.0% $88,000 46.7% $92,000 64.3% $276,000 64.3%

lisBon

1 Family 112 143.8% 14 27.3% $216,000 27.1% $206,600 21.1% $2,892,000 54.2%

Condo - - - - - - - - - -

lyMe

1 Family 113 -82.1% 3 50.0% $790,000 -9.5% $968,300 11.0% $2,905,000 66.5%

Condo - - - - - - - - - -

Montville

1 Family 84 4.2% 51 21.4% $162,000 -13.6% $160,400 -18.3% $8,181,000 -0.8%

Condo 70 -54.5% 5 66.7% $35,000 -24.2% $33,100 -48.6% $165,000 -14.3%

Mystic

1 Family 124 82.4% 30 -26.8% $343,300 34.6% $353,900 17.7% $10,617,000 -13.9%

Condo 108 36.8% 7 133.3% $355,000 -21.1% $394,600 -12.4% $2,762,000 104.4%

neW lonDon

1 Family 121 56.2% 28 -12.5% $170,500 0.9% $195,300 7.6% $5,468,000 -5.9%

Condo 188 176.3% 10 -9.1% $104,500 -49.6% $134,800 -44.6% $1,348,000 -49.7%

nortH Franklin

1 Family 13 -83.8% 3 -62.5% $239,900 19.6% $229,600 -6.0% $689,000 -64.8%

Condo - - - - - - - - - -

nortH stonington

1 Family 117 -16.1% 16 23.1% $222,500 -2.8% $213,200 -18.3% $3,412,000 0.5%

Condo - - - - - - - - - -

norWicH

1 Family 68 -39.4% 75 2.7% $110,000 -1.8% $116,200 -7.2% $8,714,000 -4.7%

Condo 183 157.9% 29 190.0% $91,000 19.0% $92,800 2.4% $2,690,000 196.9%


Q3-2014


New London County


%CHG13-14

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olD lyMe

1 Family 113 57.4% 44 63.0% $332,500 -8.9% $414,000 4.0% $18,218,000 69.5%

Condo 83 -75.1% 1 0.0% $245,000 -24.6% $245,000 -24.6% $245,000 -24.6%

Preston

1 Family 54 -68.0% 12 -14.3% $229,000 7.3% $221,600 0.4% $2,659,000 -13.9%

Condo - - - - - - - - - -

saleM

1 Family 128 83.4% 8 -33.3% $265,000 -1.7% $234,200 -15.4% $1,873,000 -43.6%

Condo 34 -80.6% 4 33.3% $26,000 -7.1% $46,500 51.5% $186,000 102.0%

sPrague

1 Family 140 -6.0% 8 14.3% $205,000 93.4% $187,600 64.1% $1,501,000 87.5%

Condo - - - - - - - - - -

stonington

1 Family 86 -4.4% 46 -16.4% $229,000 -29.5% $371,300 -15.3% $17,079,000 -29.2%

Condo 123 -23.3% 2 -50.0% $305,500 -48.0% $305,500 -46.4% $611,000 -73.2%

voluntoWn

1 Family 94 133.2% 8 100.0% $172,500 -22.5% $166,600 -24.5% $1,333,000 51.0%

Condo - - - - - - - - - -

WaterForD

1 Family 77 20.4% 89 25.4% $250,000 13.6% $268,900 18.9% $23,929,000 49.0%

Condo 79 3.4% 5 -50.0% $108,900 -16.9% $140,900 -11.5% $704,000 -55.7%



Tolland County

Mansfield • www.794WarrenvilleRd.bhhsNEproperties.com

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.794WarrenvilleRd.bhhsneproperties.com

Q3-2014


Tolland County

Tolland County continued to see sales growth this quarter with single family home sales volume reaching $99,157,000, a 5.1% increase year over year. The average sale price of single family homes was $241,300, down 0.3%, and the average for condominiums was $173,100, up 0.2%. Days on market dropped when compared to last quarter to 72 days on average for all home types. Average rental prices remained flat quarter over quarter at $1,366.

Number of Sales

Days on Market

Q3 2014 249 91

Q2 2014 229 100

Q1 2014 145 112

Q4 2013 185 102

Q3 2013 231 100

Number of Sales

Days on Market

Q3 2014 242 72

Q2 2014 198 89

Q1 2014 139 111

Q4 2013 176 92

Q3 2013 234 76


Q3 2013


Q3 2014


Q3 2013


Q3 2014



0

50000

100000

150000

200000

250000

300000

Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014



0

50000

100000

150000

200000

250000

300000

Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014




Q3 2013 Q3 2014


Q3-2014


Tolland County


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aMston

1 Family 61 -20.7% 15 0.0% $262,500 -1.9% $281,000 -7.8% $4,215,000 -7.8%

Condo - - - - - - - - - -

anDover

1 Family 89 -49.1% 9 50.0% $239,900 17.0% $247,300 40.1% $2,226,000 110.2%

Condo - - - - - - - - - -

Bolton

1 Family 62 14.5% 21 40.0% $247,000 6.0% $272,800 6.3% $5,728,000 48.8%

Condo - - - - - - - - - -

coluMBia

1 Family 63 11.4% 17 -34.6% $262,500 17.4% $248,200 -5.0% $4,220,000 -37.9%

Condo - - - - - - - - - -

coventry

1 Family 95 64.4% 54 12.5% $171,000 -12.8% $179,100 -15.9% $9,669,000 -5.4%

Condo - - - - - - - - - -

ellington

1 Family 52 -12.0% 40 -7.0% $288,300 10.9% $335,700 13.7% $13,430,000 5.7%

Condo 55 6.0% 12 140.0% $178,300 56.4% $200,400 54.7% $2,405,000 271.4%

HeBron

1 Family 140 65.1% 12 -47.8% $316,000 16.5% $317,300 17.4% $3,807,000 -38.7%

Condo 230 63.9% 2 0.0% $217,500 2.9% $217,500 2.9% $435,000 2.9%

MansFielD

1 Family 76 25.9% 39 30.0% $175,000 -26.8% $208,200 -19.9% $8,119,000 4.1%

Condo 14 -68.7% 3 -82.4% $252,000 96.9% $221,600 47.0% $665,000 -74.1%

soMers

1 Family 78 2.1% 26 44.4% $294,800 -3.3% $291,500 -1.0% $7,580,000 42.9%

Condo 56 -69.9% 3 0.0% $380,000 12.6% $308,500 -12.6% $925,000 -12.6%

staFForD

1 Family 78 9.2% 32 -17.9% $177,500 -2.5% $191,500 0.8% $6,128,000 -17.3%

Condo 134 132.2% 3 -57.1% $98,500 -21.2% $91,500 -30.6% $274,000 -70.3%

tollanD

1 Family 63 -7.9% 57 26.7% $264,000 -3.6% $290,800 5.6% $16,577,000 33.8%

Condo 15 -79.5% 3 -40.0% $147,000 -45.4% $129,000 -52.9% $387,000 -71.7%

union

1 Family 271 672.9% 2 100.0% $259,500 -2.1% $259,500 -2.1% $519,000 95.8%

Condo - - - - - - - - - -

vernon

1 Family 64 -12.0% 70 -1.4% $192,500 -1.3% $189,600 -0.9% $13,269,000 -2.3%

Condo 91 50.4% 26 44.4% $138,000 -3.5% $152,100 -6.9% $3,956,000 34.5%

Willington

1 Family 55 -14.3% 17 70.0% $207,000 -10.1% $215,900 -3.0% $3,670,000 64.9%

Condo 30 - 1 - $130,000 - $130,000 - $130,000 -



Pomfret • www.202SearlesRd.bhhsNEproperties.com

Windham County

FAIRFIELD

NEW HAVEN


WINDHAM



http://www.202SearlesRd.bhhsNEproperties.com

Q3-2014


Windham County

Windham County saw the biggest gains in single family home sales when compared to the rest of the state. Total dollar volume in sales increased 24.7% year over year reaching $56,573,000. Average prices of single family homes was $174,600, up 3.1%, and the average for condominiums was $140,300, up 4.8%. Average rental prices remained flat year over year at $1,210 per month.

Number of Sales

Days on Market

Q3 2014 112 87

Q2 2014 110 98

Q1 2014 70 97

Q4 2013 92 107

Q3 2013 98 88


Q3 2013


Q3 2014


Q3 2013


Q3 2014


Q3 2013


Q3 2014


Q3 2013


Q3 2014



0

20000

40000

60000

80000

100000

120000

140000

160000

180000

200000

Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014




Q3 2013 Q3 2014


Q3-2014


Windham County


%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

QTR 32014

%CHG13-14

asHForD

1 Family 111 88.9% 20 185.7% $186,000 -0.7% $192,400 10.6% $3,848,000 215.9%

Condo - - - - - - - - - -

Brooklyn

1 Family 60 -8.0% 26 13.0% $215,000 16.2% $209,000 14.2% $5,433,000 29.1%

Condo 121 -86.2% 2 100.0% $144,000 -37.1% $144,000 -37.1% $288,000 25.8%

canterBury

1 Family 48 -51.5% 15 66.7% $183,600 -30.2% $168,300 -39.6% $2,525,000 0.6%

Condo - - - - - - - - - -

cHaPlin

1 Family 79 -51.5% 10 100.0% $59,500 -69.5% $110,900 -40.1% $1,109,000 19.8%

Condo - - - - - - - - - -

eastForD

1 Family 29 -66.1% 3 50.0% $122,500 -54.6% $131,200 -51.4% $394,000 -27.0%

Condo - - - - - - - - - -

HaMPton

1 Family 57 -66.8% 7 -12.5% $115,000 -30.1% $107,900 -32.7% $755,000 -41.1%

Condo - - - - - - - - - -

killingly

1 Family 77 22.3% 57 3.6% $164,000 10.8% $163,000 0.0% $9,292,000 3.6%

Condo 90 -59.5% 3 -62.5% $175,000 20.7% $151,700 -0.4% $455,000 -62.7%

PlainFielD

1 Family 67 -13.0% 43 22.9% $146,000 0.0% $154,700 11.1% $6,650,000 36.5%

Condo - - - - - - - - - -

PoMFret

1 Family 82 222.2% 11 120.0% $250,000 47.1% $313,500 52.3% $3,448,000 235.0%

Condo - - - - - - - - - -

PutnaM

1 Family 103 -15.5% 17 6.3% $137,000 -14.0% $172,800 9.9% $2,937,000 16.8%

Condo 110 114.6% 6 -25.0% $173,000 6.6% $138,500 -5.1% $831,000 -28.8%

QuineBaug

1 Family 27 -74.1% 2 0.0% $97,000 16.9% $97,000 16.9% $194,000 16.9%

Condo - - - - - - - - - -

sterling

1 Family 71 -27.7% 8 -38.5% $139,500 -22.5% $156,300 -19.5% $1,251,000 -50.4%

Condo - - - - - - - - - -

tHoMPson

1 Family 72 -48.0% 30 20.0% $174,800 5.9% $208,400 17.8% $6,251,000 41.4%

Condo - - - - - - - - - -

WinDHaM

1 Family 109 -2.2% 46 9.5% $126,500 9.8% $122,900 6.8% $5,655,000 17.0%

Condo 24 -70.4% 1 0.0% $115,000 0.1% $115,000 0.1% $115,000 0.1%

WooDstock

1 Family 116 -8.9% 28 40.0% $216,500 -5.6% $240,400 -8.2% $6,732,000 28.6%

Condo 28 -53.9% 1 -75.0% $135,000 24.4% $135,000 25.6% $135,000 -68.6%


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