Halstead Property market report shows increased number of sales and prices
The Halstead Property first quarter 2011 market report shows that several Fairfield County towns are seeing increases in median and average prices over the past year. New Canaan leads the way with prices and sales up across the board.
Wilton, Westport and Greenwich also had significant growth in prices and transactions over the same period last year.
The Halstead first quarter market report is based off 500 reported sales, compared to 525 a year ago.
The Halstead Property first quarter market report also noted the following town-by-town trends:
New Canaan saw a 42 percent increase in number of sales compared to the same period last year and average price was up 26 percent to $2,034,770 with the median rising 24 percent to $1,868,500.
Greenwich reported a 71 percent increase in sales over $5 million which translated to a huge jump in the average price which rose to $2,731,402, 25 percent 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 percent less time on the market.
Wilton posted huge gains in the number of sales, up 45 percent 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 percent to $1,074,900 and average price up 8 percent to $1,441,110.
Norwalk had a decrease in sales but saw the average price jump 43 percent to $640,837.
Stamford was flat in sales and pricing with the median price unchanged from last year, although homes took 13 percent less time to sell.
Fairfield saw a decrease in the number of houses sold and median price but the average price rose 9 percent to $745,236 due to a substantial increase in sales over $1 million.
Halstead Property is one of the largest residential real estate brokerage firms in the metropolitan area.
Headquartered at 499 Park Avenue, the firm has nearly 900 sales and rental agents primarily located in 20 premier offices in Manhattan, Brooklyn, Riverdale, Hudson Valley, Hoboken, New Jersey and Fairfield County.
In addition, the development marketing division of Halstead Property is the exclusive sales and marketing firm for many new developments in the tri-state area and through the Property Management Division, Halstead manages more than 18,000 residential units within 180 buildings.
For more information on the market report, visit www.halstead.com.