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Real Estate Market Activity Reports: Westport, Weston, Wilton, Fairfield, Norwalk, Rowayton, Darien, New Canaan and Redding through June 2021

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Summary

YTD sales (SF) through June 2021 vs. 2020 were up in Westport (+34%), Weston (+28%), Wilton (+72%), Fairfield (+33.6%), Norwalk (+25%), Darien (+45%), New Canaan (+83%), Rowayton (+71%) and Redding (+69%).

YTD average sales price was up in Westport (+34%), Weston (+43%), Wilton (+26%), Fairfield (+18%), Norwalk (+26%), Darien (+22%), New Canaan (+22%), Rowayton (+50%) and Redding (+49%).

Westport

June Property sales were 65, up 27.5% from 51 in June of 2020 and 35.4% higher than the 48 sales last month. June 2021 sales were at their highest level compared to June of 2020 and 2019. June YTD sales of 268 are running 34.0% ahead of last year’s year-to-date sales of 200.

Average sale price: $1,845,396 (+32%)

Weston

June Property sales were 27, down -6.9% from 29 in June of 2020 and 17.4% higher than the 23 sales last month. June 2021 sales were at a mid level compared to June of 2020 and 2019. June YTD sales of 118 are running 28.3% ahead of last year’s year-to-date sales of 92.

Average sales price: $1,183,021 (+43%)

Wilton

June Property sales were 49, up 40.0% from 35 in June of 2020 and 22.5% higher than the 40 sales last month. June 2021 sales were at their highest level compared to June of 2020 and 2019. June YTD sales of 186 are running 72.2% ahead of last year’s year-to-date sales of 108.

Average sales price: $1,033,109 (+26%)

Fairfield

June Property sales were 105, up 12.9% from 93 in June of 2020 and 36.4% higher than the 77 sales last month. June 2021 sales were at their highest level compared to June of 2020 and 2019. June YTD sales of 465 are running 33.6% ahead of last year’s year-to-date sales of 348.

Average sale price: $937,680 (+18%)

Norwalk

June Property sales were 86, up 62.3% from 53 in June of 2020 and 48.3% higher than the 58 sales last month. June 2021 sales were at a mid level compared to June of 2020 and 2019. June YTD sales of 378 are running 25.2% ahead of last year’s year-to-date sales of 302.

Average sales price $751,596 (+26%)

Darien

YTD sales of 245 were +45% ahead of last year’s year-to-date sales of 169.

Average sale price: $1,813,866 (+22%)

New Canaan

YTD sales of 252 were +83% ahead of last year’s year-to-date sales of 138.

Average sale price: $1,982,652 (+22%)

Rowayton

YTD sales of 41 were +71% ahead of last year’s year-to-date sales of 24.

Average sale price: $1,554,872 (+50%)

Redding

YTD sales of 105 were +69% ahead of last year’s year-to-date sales of 62.

Average sale price: $788,356 (+49%)

Real Estate Market Activity Reports: Westport, Weston, Wilton, Fairfield, Norwalk, Rowayton, Darien and New Canaan through May 2021

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Summary

YTD sales (SF) through May 2021 vs. 2020 were up in Westport (+36.2%), Weston (+40%), Wilton (+33%), Fairfield (+40%), Norwalk (+17.3%), Darien (+38%), New Canaan (+74%) and Rowayton (+20%).

YTD average sales price was up in Westport (+36%), Weston (+40%), Wilton (+33%), Fairfield (+23%), Norwalk (+29%), Darien (+17%), New Canaan (+17%) and Rowayton (+38%).

Westport

May Property sales were 48, up 54.8% from 31 in May of 2020 and 23.1% higher than the 39 sales last month. May 2021 sales were at their highest level compared to May of 2020 and 2019. May YTD sales of 203 are running 36.2% ahead of last year’s year-to-date sales of 149.

Average sale price: $1,794,762 (+36%)

Weston

May Property sales were 23, equal to 23 in May of 2020 and 9.5% higher than the 21 sales last month. May 2021 sales were at a mid level compared to May of 2020 and 2019. May YTD sales of 91 are running 44.4% ahead of last year’s year-to-date sales of 63.

Average sales price: $1,173,161 (+40%)

Wilton

May Property sales were 40, up 100.0% from 20 in May of 2020 and 21.2% higher than the 33 sales last month. May 2021 sales were at their highest level compared to May of 2020 and 2019. May YTD sales of 137 are running 87.7% ahead of last year’s year-to-date sales of 73.

Average sales price: $1,027,774 (+33%)

Fairfield

May Property sales were 75, up 2.7% from 73 in May of 2020 and 4.2% higher than the 72 sales last month. May 2021 sales were at a mid level compared to May of 2020 and 2019. May YTD sales of 358 are running 40.4% ahead of last year’s year-to-date sales of 255.

Average sale price: $935,134 (+23%)

Norwalk

May Property sales were 58, up 11.5% from 52 in May of 2020 and -19.4% lower than the 72 sales last month. May 2021 sales were at a mid level compared to May of 2020 and 2019. May YTD sales of 292 are running 17.3% ahead of last year’s year-to-date sales of 249.
Average sales price: $735,203 (+29%)

Darien

YTD sales of 173 were +38% ahead of last year’s year-to-date sales of 125.

Average sale price: $1,744,604 (+17%)

New Canaan

YTD sales of 176 were +74% ahead of last year’s year-to-date sales of 101.

Average sale price: $1,950,281 (+17%)

Rowayton

YTD sales of 24 were +20% ahead of last year’s year-to-date sales of 20.

Average sale price: $1,493,620 (+38%)

Real Estate Market Activity Reports: Westport, Weston, Wilton, Fairfield, Norwalk, Rowayton, Darien, New Canaan and Redding through January 2021

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Summary

YTD sales (SF) through January 2021 vs. 2020 were up Westport (+50%), Weston (+100%), down in Wilton (-10.5%), up in Fairfield (+85.7%), Norwalk (+20%), Darien (+23%), New Canaan (+135%), down in Rowayton (-28%) and up in Redding (+60%).

YTD average sales price was up in Westport (+35%), Weston (+48%) and Wilton (+37%), down in Fairfield (-31%), up in Norwalk (+3%), Darien (+2%), New Canaan (+12%), Rowayton (+89%) and Redding (+3.5%).

Westport

January Property sales were 33, up 50.0% from 22 in January of 2020 and -53.5% lower than the 71 sales last month. January 2021 sales were at their highest level compared to January of 2020 and 2019. January YTD sales of 33 are running 50.0% ahead of last year’s year-to-date sales of 22.

Average sale price: $1,976,121 (+35%)

Weston

January Property sales were 16, up 100.0% from 8 in January of 2020 and -42.9% lower than the 28 sales last month. January 2021 sales were at their highest level compared to January of 2020 and 2019. January YTD sales of 16 are running 100.0% ahead of last year’s year-to-date sales of 8.

Average sales price: $1,088,625 (+48%)

Wilton

January Property sales were 17, down -10.5% from 19 in January of 2020 and -46.9% lower than the 32 sales last month. January 2021 sales were at a mid level compared to January of 2020 and 2019. January YTD sales of 17 are running -10.5% behind last year’s year-to-date sales of 19.

Average sales price: $1,040,672 (+37%)

Fairfield

January Property sales were 65, up 85.7% from 35 in January of 2020 and -26.1% lower than the 88 sales last month. January 2021 sales were at their highest level compared to January of 2020 and 2019. January YTD sales of 65 are running 85.7% ahead of last year’s year-to-date sales of 35.

Average sale price: $834,778 (-31%)

Norwalk

January Property sales were 60, up 20.0% from 50 in January of 2020 and -29.4% lower than the 85 sales last month. January 2021 sales were at their highest level compared to January of 2020 and 2019. January YTD sales of 60 are running 20.0% ahead of last year’s year-to-date sales of 50.

Average sales price: $639,355 (+3%)

Darien

YTD sales of 32 were +23% ahead of last year’s year-to-date sales of 26.

Average sale price: $1,486,363 (+2%)

New Canaan

YTD sales of 33 were +135% ahead of last year’s year-to-date sales of 14.

Average sale price: $1,677,701 (+12%)

Rowayton

YTD sales of 5 were -28% behind last year’s year-to-date sales of 7.

Average sale price: $1,514,500 (+89%)

Redding

YTD sales of 16 were +60% ahead of last year’s year-to-date sales of 10.

Average sale price: $522,250 (+3.5%)

Real Estate Market Activity Reports: Westport, Weston, Wilton, Fairfield, Norwalk, Rowayton, Darien, New Canaan through September 2020

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Summary

YTD sales (SF) through September 2020 vs. 2019 were up in Westport (+71.3%), Weston (+57%), Wilton (+48.3%), Fairfield (+29.7%), Norwalk (+14.6%), Darien (+41%), New Canaan (+15%) and Rowayton (+27%).

YTD average sales price was up in Westport (+14%), Weston (+8%), Wilton (+9%), Fairfield (+20%), Norwalk (+12%), Darien (+6%), New Canaan (+15%) and down in Rowayton (-2.5%).

Westport

September Property sales were 66, up 106.3% from 32 in September of 2019 and -36.5% lower than the 104 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 466 are running 71.3% ahead of last year’s year-to-date sales of 272.

Average sale Price: $1,576,182 (+14%)

Weston

September Property sales were 30, up 114.3% from 14 in September of 2019 and -31.8% lower than the 44 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 201 are running 57.0% ahead of last year’s year-to-date sales of 128.

Average sales price: $862,015 (+8%)

Wilton

September Property sales were 42, up 200.0% from 14 in September of 2019 and -26.3% lower than the 57 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 267 are running 48.3% ahead of last year’s year-to-date sales of 180.

Average sales price: $861,676 (+9%)

Fairfield

September Property sales were 153, up 139.1% from 64 in September of 2019 and 0.7% higher than the 152 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 804 are running 29.7% ahead of last year’s year-to-date sales of 620.

Average sale price: $848,223 (+20%)

Norwalk

September Property sales were 87, up 74.0% from 50 in September of 2019 and 17.6% higher than the 74 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 566 are running 14.6% ahead of last year’s year-to-date sales of 494.

Average sales price: $651,571 (+12%)

Darien

YTD sales of 671 were +41% ahead of last year’s year-to-date sales of 476.

Average sale price: $1,575,645 (+6%)

New Canaan

YTD sales of 554 were +33.5% ahead of last year’s year-to-date sales of 415.

Average sale price: $1,448,956 (+15%)

Rowayton

YTD sales of 86 were +27% ahead of last year’s year-to-date sales of 70.

Average sale price: $1,267,664 (-2.5%)

Report on COVID-19 with actions I am taking for my buyers and sellers

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Although we are in uncharted territory with the ongoing spread of COVID-19 and the incredible speed at which things are changing around us, I am committed to you, my clients, and continue to adapt to changes in the marketplace and our community.

My thoughts and prayers go out to the people who have been affected by this unprecedented event and appreciate the healthcare workers, local communities, and governments around the world who are on the front line working to contain this pandemic.

In this climate, I know a house sale or purchase may not be your first thought, but I wanted you to know the safety and health of my clients is my top priority, while I continue to help you reach your real estate goals. Below is an update on what I am doing, keeping your safety, as well as your homes, top of mind.

For My Seller Clients

• Please expect a reduction in showings over the next few weeks.

• I will not be hosting any open houses until it is deemed safe.

• If I do get a showing request, I will talk with you first, before we confirm that showing appointment.

• Pre-Qualification required by each buyer before an appointment is confirmed, written proof they are financially qualified to purchase at this time

• At a showing, I will ask prospective buyers and their agent to disinfect their hands and wear gloves for each showing…. (I will supply hand wipes and gloves). They will also be instructed not to touch anything while viewing the property.

• If you are not comfortable with showing requests, we can decline at this time.

• I will forward a virtual tour of your home and property to all prospective buyers and their agent. I would also be happy to Facetime prospective buyers.

• Please let me know if you are not feeling well, and we will request the same of prospective buyers and agents.

• It is best to keep your property active on the market so it continues to get exposure. If we were to put in a “temporarily off market” status, it would not show up in any online searches.

Marketing Updates and Changes

• I am increasing digital and online advertising opportunities to take advantage of consumers shopping online more frequently as they stay at home.

• I will create videos of each property and purchase more Facebook, Instagram and other online ads to capture increased online traffic.

• I will also e-mail all relevant information re your property to prospective buyers and agents.

• Zoom/Skype meetings with buyers and sellers, this is working extremely well.

For My Buyer Clients

• Current market conditions offer an incredible opportunity to lock in a record low interest rate.

• Putting a property under contract now and locking in a low interest rate gives you control and certainly in a time of relative uncertainty.

• If staying at home more is going to become our new normal, then you definitely want to “love where you live” and nest in a home that you love and that fits your needs best.

• Cash buyers should consider taking a mortgage on a purchase. Current homeowners should consider re-financing at a lower rate if that makes sense to them.

• I do not ride in the same car as my buyers, safe distancing from each other during all showings.

• If you are not feeling well, please let me know and please don’t go looking at houses. I am happy to do a virtual tour or Facetime you on the property you are interested in.

• Now is a great time to buy… real estate investments tend to increase more steadily than the stock market.

• Fairfield County will continue to be a very desirable place to live, and a wonderful place to call HOME!

The Bottom Line

We are facing unprecedented times, yet we are a strong community that will work together and weather this storm.

On a couple of positive notes, last week I listed a home for sale… it was prepped and priced correctly, hence I received multiple offers. Also, my phone has been ringing with prospective clients from New York City looking for rentals and properties to purchase …. the need for more space and fresh air is becoming a requirement.

If you are thinking about selling in the next couple of months, please call me so that I can develop a specific strategy to market your home. Now is a good time to prep and clean out your closets in anticipation of when things return to normal.

I am grateful for your support, patience and confidence in me as we journey forward together. Enjoy time with your family! Be well and stay safe and healthy!! Please call me anytime; I’m here for you!

Best,

Barbara

203-451-6522
Coldwell Banker Residential Brokerage
335 Riverside Avenue
Westport, Connecticut 06880