Halstead Property

Diane M. Ramirez
President
dramirez@halstead.com
(212) 381-3203

Stamford Homes Selling Faster This Year

While many area towns saw increased sale prices over last year for properties in the first quarter, Stamford’s price remains flat, according to  Halstead Properties’  first-quarter market report, which was released this morning. Stamford properties sold 13 percent faster than last year, though the prices remain unchanged, the report states.

According to the release:

The Halstead Property 1st Quarter 2011 Market Report shows that several Fairfield County towns are seeing increases in both median and average prices over the past year.  New Canaan leads the way with both prices and sales up across the board.  Wilton, Westport and Greenwich also had significant growth in both prices and transactions over the same period last year. The Halstead 1st Quarter Market Report is based off of 500 reported sales, compared to 525 a year ago.

The Halstead Property 1st Quarter Market Report also noted the following town-by-town trends:

•New Canaan saw a 42% increase in number of sales compared to the same period last year and average price was up 26% to $2,034,770 with the median rising 24% to $1,868,500.
•Greenwich reported a 71% increase in sales over $5 million which translated to a huge jump in the average price which rose to $2,731,402, 25% higher than a year ago.
•Darien was down slightly across the board, with a marked decrease in sales over 2 million but homes spent 8% less time on the market.
•Wilton posted huge gains in the number of sales, up 45% over the same time last year.  Both median price and average prices rose as well, up to $767,500 and $933,928 respectively.
•Westport remained relatively flat in number of sales but saw an increase in median price up 13% to $1,074,900 and average price up 8% to $1,441,110.
•Norwalk had a decrease in sales but saw the average price jump 43% to $640,837.
•Stamford was flat in sales and pricing with the median price unchanged from last year, although homes took 13% less time to sell.
•Fairfield saw a decrease in the number of houses sold and median price but the average price rose 9% to $745,236 due to a substantial increase in sales over $1 million.

Monday, May 23, 2011