weston, ct year-to-date real estate update 11/2011

8/3/2019 Weston, CT Year-To-Date Real Estate Update 11/2011

1/4

MARKET ACTION REPORT

October 2011

City: WestonMargaret BlockSales Associate(203) 858-9697 (cell)[email protected](203) 226-7396

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 $999,999 0% 2%

Average List Price of all Current Listings $1,275,933 3% -2%

October Median Sales Price $665,000 -27% -22% -18% -20% $750,000 -10% -10%

October Average Sales Price $787,357 -22% -12% 3% -16% $867,442 -6% -7%

Total Properties Currently for Sale (Inventory) 161 -9% 10%

October Number of Properties Sold 7 17% 0% 90 -9%

October Average Days on Market (Solds) 187 48% 70% 67% 51% 114 -3% -8%

October Month's Supply of Inventory 23.0 -22% 4% 10% 54% 18.6 17% 25%

October Sale Price vs List Price Ratio 94.4% 0.7% -1% -1% 1.8% 93.2% 0.6%

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

Property SalesOctober Property sales were 7, equal to 7 in October of 2010 and 16.7% higher than the 6 sales last month. October 2011 sales were at theirlowest level compared to October of 2010 and 2009. October YTD sales of 90 are running -9.1% behind last year's year-to-date sales of 99.

PricesThe Median Sales Price in October was $665,000, down -18.2% from $812,500 in October of 2010 and down -26.7% from $907,500 lastmonth. The Average Sales Price in October was $787,357, up 2.7% from $766,786 in October of 2010 and down -21.7% from $1,005,333 lastmonth. October 2011 ASP was at a mid range compared to October of 2010 and 2009.


2/4


October 2011



Inventory & MSIThe Total Inventory of Properties available for sale as of October was 161, down -8.5% from 176 last month and up 9.5% from 147 in Octoberof last year. October 2011 Inventory was at a mid range compared to October of 2010 and 2009.A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2011 MSI of 23.0 months wasat its highest level compared with October of 2010 and 2009.

Market TimeThe 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 forOctober was 187, up 48.4% from 126 days last month and up 67.0% from 112 days in October of last year. The October 2011 DOM was at itshighest level compared with October of 2010 and 2009.


3/4


October 2011



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 October 2011 was 15, down -58.3% from 36 last month and down -25.0% from 20 in October of last year.


4/4


October 2011



Based on information from Greater Fairfield County CMLS, Inc. for the period 11/1/2008 through 10/31/2011. 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.

N 08 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 A S O

Homes Sold 5 7 5 2 2 4 7 10 10 13 10 12 8 9 7 8 11 14 7 14 10 13 8 7 12 11 7 7 11 8 11 15 6 12 6 73 Mo. Roll Avg 6 5 3 3 4 7 9 11 11 12 10 10 8 8 9 11 11 12 10 12 10 9 9 10 10 8 8 9 10 11 11 11 8 8

(000's)

N 08 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 A S OMedianSalePrice 705 1,435 860 645 876 1,660 900 796 731 1,075 674 788 785 860 795 836 630 844 649 871 1,300 975 785 813 630 1,350 747 750 612 750 750 810 1,040 823 908 6653 Mo. Roll Avg 1,000 980 794 1,060 1,145 1,119 809 868 827 845 749 811 813 830 753 770 707 788 940 1,049 1,020 857 742 931 909 949 703 704 704 770 867 891 923 798


Inventory 146 124 133 143 163 177 181 184 178 173 174 161 136 111 120 136 137 155 161 157 163 154 152 147 116 102 98 117 145 163 172 173 172 168 176 161

MSI 29 18 27 72 82 44 26 18 18 13 17 13 17 12 17 17 12 11 23 11 16 12 19 21 10 9 14 17 13 20 16 12 29 14 29 23

N 08 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 A S ODays On Market 133 137 116 84 2 36 80 141 111 85 1 20 138 155 158 167 1 09 142 154 155 85 1 00 84 81 145 112 1 33 1 17 211 122 122 1 26 1 11 64 76 75 1 26 1 873 Mo. Roll Avg 129 112 145 133 152 111 112 105 114 138 150 160 145 139 135 150 131 113 90 88 103 113 130 121 154 150 152 123 120 100 84 72 92 129


Price per Sq Ft 285 262 284 240 277 443 271 283 254 240 223 236 239 275 204 236 242 261 253 263 272 250 247 273 243 281 263 273 245 249 270 262 277 252 228 1973 Mo. Roll Avg 277 262 267 320 330 332 269 259 239 233 233 250 239 238 227 246 252 259 263 262 256 257 254 266 262 272 260 256 255 260 270 264 252 226


Sale to List Price 0.925 0.924 0.891 0.941 0.890 0.935 0.902 0.933 0.960 0.921 0.914 0.929 0.950 0.925 0.914 0.923 0.946 0.923 0.970 0.969 0.931 0.950 0.940 0.954 0.951 0.934 0.910 0.940 0.983 0.930 0.917 0.950 0.967 0.948 0.937 0.944

3 Mo. Roll Avg 0.913 0.919 0.907 0.922 0.909 0.923 0.932 0.938 0.932 0.921 0.931 0.935 0.930 0.921 0.928 0.931 0.946 0.954 0.957 0.950 0.940 0.948 0.948 0.946 0.932 0.928 0.944 0.951 0.943 0.932 0.945 0.955 0.951 0.943


New Listings 21 17 29 32 39 39 32 41 27 23 32 21 14 13 38 35 30 44 29 24 28 17 24 20 13 7 14 36 52 42 35 25 17 21 36 15Inventory 146 124 133 143 163 177 181 184 178 173 174 161 136 111 120 136 137 155 161 157 163 154 152 147 116 102 98 117 145 163 172 173 172 168 176 161

Sales 5 7 5 2 2 4 7 10 10 13 10 12 8 9 7 8 11 14 7 14 10 13 8 7 12 11 7 7 11 8 11 15 6 12 6 7

(000's)

N 08 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 A S OAvg Sale Price 653 1,235 888 645 876 1,680 1,075 918 765 1,152 649 838 785 1,087 762 888 792 843 715 923 1,446 978 1,013 767 733 1,302 881 907 728 892 834 900 1,015 842 1,005 7873 Mo. Roll Avg 925 923 803 1,067 1,210 1,224 919 945 855 880 757 903 878 912 814 841 784 827 1,028 1,116 1,146 919 838 934 972 1,030 838 842 818 875 917 919 954 878

weston, ct year-to-date real estate update 11/2011

Documents