market action report stamford 8-11sf

8/4/2019 Market Action Report Stamford 8-11SF

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MARKET ACTION REPORT

July 2011

Zip Code: 06807, 06830, 06831,06870, 06878

Charlie Nedder

Market [email protected] WWW.CNEDDER.COM

Price Range: ALL | Properties: Single Family Home

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $2,500,000

Average List Price of all Current Listings $4,221,678

July Median Sales Price $1,500,000 $1,750,000

July Average Sales Price $2,951,137 $2,568,302

Total Properties Currently for Sale (Inventory) 607

July Number of Properties Sold 45 351

July Average Days on Market (Solds) 153 174

Asking Price per Square Foot (based on New Listings) $630 $626

July Sold Price per Square Foot $609 $542

July Month's Supply of Inventory 13.5 14.0

July Sale Price vs List Price Ratio 93.6% 91.6%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales July Property sales were 45, down -18.2% from 55 in July of 2010 and -57.1% lower than the 105 sales last month. July 2011 sales were attheir lowest level compared to July of 2010 and 2009. July YTD sales of 351 are running 19.4% ahead of last year's year-to-date sales of 294.

Prices



Prices


July 2011

Zip Code: 06807, 06830, 06831,06870, 06878

Charlie Nedder



Inventory & MSI The Total Inventory of Properties available for sale as of July was 607, down -3.8% from 631 last month and down -12.3% from 692 in July of last year. July 2011 Inventory was at the lowest level compared to July of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2011 MSI of 13.5 months was at amid range compared with July of 2010 and 2009.

Market Time The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOMtends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for Julywas 153, down -1.3% from 155 days last month and down -5.6% from 162 days in July of last year. The July 2011 DOM was at a mid rangecompared with July of 2010 and 2009.




July 2011

Zip Code: 06807, 06830, 06831,06870, 06878

Charlie Nedder



Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price.The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The July2011 Selling Price vs Original List Price of 93.6% was up from 93.1% last month and up from 92.9% in July of last year.

Inventory / New Listings / Sales

'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in July 2011 was 74, down -31.5% from 108 last month and down -6.3% from 79 in July of last year.




July 2011

Zip Code: 06807, 06830, 06831, 06870,06878

Charlie Nedder



Based on information from Greenwich Association of Realtors, Inc. for the period 8/1/2008 through 7/31/2011. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not becompletely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

A 08 S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J J

Homes Sold 47 21 24 11 14 5 6 15 21 17 33 55 28 41 40 28 43 33 25 35 38 41 67 55 51 35 35 25 44 31 26 37 50 57 105 453 Mo. Roll Avg 31 19 16 10 8 9 14 18 24 35 39 41 36 36 37 35 34 31 33 38 49 54 58 47 40 32 35 33 34 31 38 48 71 69

(000's)

A 08 S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J JMedianSalePrice 2,000 1,900 2,075 1,370 1,758 2,850 1,575 1,850 1,125 1,375 1,550 2,150 1,415 1,800 1,395 2,444 1,930 1,475 1,100 1,400 2,000 1,700 1,850 2,050 1,743 1,815 1,655 1,375 2,299 1,975 1,700 2,000 1,793 1,750 1,680 1,500

3 Mo. Roll Avg 1,992 1,782 1,734 1,993 2,061 2,092 1,517 1,450 1,350 1,692 1,705 1,788 1,537 1,880 1,923 1,950 1,502 1,325 1,500 1,700 1,850 1,867 1,881 1,869 1,738 1,615 1,776 1,883 1,991 1,892 1,831 1,848 1,741 1,643


Inventory 611 654 654 644 598 633 661 715 760 813 806 800 752 716 699 645 537 553 575 588 660 702 710 692 667 709 678 625 534 525 554 589 652 661 631 607

MSI 13 31 27 59 43 127 110 48 36 48 24 15 27 17 17 23 12 17 23 17 17 17 11 13 13 20 19 25 12 17 21 16 13 12 6 13

A 08 S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J JDays On Market 120 132 83 125 191 40 158 178 177 161 158 141 194 185 170 211 189 130 207 229 227 182 138 162 179 147 176 108 224 137 210 233 174 189 155 1533 Mo. Roll Avg 112 113 133 119 130 125 171 172 165 153 164 173 183 189 190 177 175 189 221 213 182 161 160 163 167 144 169 156 190 193 206 199 173 166


Price per Sq Ft 596 766 598 536 510 978 461 510 419 500 521 623 467 545 511 562 587 558 494 519 514 508 583 551 553 520 520 551 589 533 510 487 528 538 553 6093 Mo. Roll Avg 653 633 548 675 650 650 463 476 480 548 537 545 508 539 553 569 546 524 509 514 535 547 562 541 531 530 553 558 544 510 508 518 540 567


Sale to List Price 0.941 0.927 0.937 0.899 0.861 0.852 0.839 0.887 0.883 0.881 0.908 0.900 0.918 0.884 0.900 0.920 0.903 0.926 0.907 0.934 0.925 0.919 0.932 0.929 0.926 0.907 0.912 0.940 0.917 0.927 0.911 0.904 0.941 0.920 0.931 0.936

3 Mo. Roll Avg 0.935 0.921 0.899 0.871 0.851 0.859 0.870 0.884 0.891 0.896 0.909 0.901 0.901 0.901 0.908 0.916 0.912 0.922 0.922 0.926 0.925 0.927 0.929 0.921 0.915 0.920 0.923 0.928 0.918 0.914 0.919 0.922 0.931 0.929


New Listings 53 133 81 53 32 90 91 120 127 127 97 87 47 100 68 47 27 95 83 103 168 145 115 79 62 117 72 39 31 73 81 144 132 122 108 74Inventory 611 654 654 644 598 633 661 715 760 813 806 800 752 716 699 645 537 553 575 588 660 702 710 692 667 709 678 625 534 525 554 589 652 661 631 607

Sales 47 21 24 11 14 5 6 15 21 17 33 55 28 41 40 28 43 33 25 35 38 41 67 55 51 35 35 25 44 31 26 37 50 57 105 45

(000's)

A 08 S O N D J 09 F M A M J J A S O N D J 10 F M A M J J A S O N D J 11 F M A M J JAvg Sale Price 2,484 3,984 2,525 1,760 2,001 3,894 1,885 2,359 1,988 1,840 2,682 3,565 1,900 2,440 2,268 3,210 2,945 2,677 1,684 2,272 2,693 2,082 2,916 2,549 2,237 2,653 2,939 2,284 2,655 2,590 3,089 2,588 2,385 2,384 2,449 2,951

3 Mo. Roll Avg 2,998 2,756 2,095 2,551 2,593 2,713 2,077 2,062 2,170 2,696 2,715 2,635 2,202 2,639 2,808 2,944 2,435 2,211 2,216 2,349 2,564 2,516 2,568 2,480 2,610 2,625 2,626 2,510 2,778 2,756 2,687 2,452 2,406 2,595

market action report stamford 8-11sf

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