You are on page 1of 4

MARKET ACTION REPORT

February 2014
Charlie Nedder
Market Specialist 203-524-4303 WWW.CNEDDER.COM CNEDDER@MSN.COM
Trending Versus*: Trending Versus*:

Zip Code: 06870, 06878


Price Range: $0 to $999,999,000 | Properties: Single Family Home

Market Profile & Trends Overview


Median List Price of all Current Listings Average List Price of all Current Listings February Median Sales Price February Average Sales Price Total Properties Currently for Sale (Inventory) February Number of Properties Sold February Average Days on Market (Solds) Asking Price per Square Foot (based on New Listings) February Sold Price per Square Foot February Month's Supply of Inventory February Sale Price vs List Price Ratio

Month
$2,387,000 $3,435,801 $3,265,000 $3,246,667 96 6 344 $744 $640 16.0 98.0%

LM

L3M PYM

LY

YTD

PriorYTD

PriorYear

$2,200,000 $2,484,333 24 193 $739 $686 10.3 96.3%

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

Property Sales
February Property sales were 6, down -45.5% from 11 in February of 2013 and -66.7% lower than the 18 sales last month. February 2014 sales were at their lowest level compared to February of 2013 and 2012. February YTD sales of 24 are running 9.1% ahead of last year's year-to-date sales of 22.

Prices
The Median Sales Price in February was $3,265,000, up 66.4% from $1,962,500 in February of 2013 and up 51.9% from $2,150,000 last month. The Average Sales Price in February was $3,246,667, up 49.7% from $2,168,329 in February of 2013 and up 45.6% from $2,230,222 last month. February 2014 ASP was at highest level compared to February of 2013 and 2012.

2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Based on information from Greenwich Association of Realtors, Inc. for the period 3/1/2011 through 2/28/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely 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.

MARKET ACTION REPORT

February 2014
Charlie Nedder
Market Specialist 203-524-4303 WWW.CNEDDER.COM CNEDDER@MSN.COM

Zip Code: 06870, 06878


Price Range: $0 to $999,999,000 | Properties: Single Family Home

Inventory & MSI


The Total Inventory of Properties available for sale as of February was 96, up 17.1% from 82 last month and down -25.6% from 129 in February of last year. February 2014 Inventory was at the lowest level compared to February of 2013 and 2012. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2014 MSI of 16.0 months was at a mid range compared with February of 2013 and 2012.

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 DOM tends 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 February was 344, up 140.6% from 143 days last month and up 71.1% from 201 days in February of last year. The February 2014 DOM was at its highest level compared with February of 2013 and 2012.

Selling Price per Square Foot


The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The February 2014 Selling Price per Square Foot of $640 was down -8.7% from $701 last month and up 1.3% from $632 in February of last year.

2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Based on information from Greenwich Association of Realtors, Inc. for the period 3/1/2011 through 2/28/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely 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.

MARKET ACTION REPORT

February 2014
Charlie Nedder
Market Specialist 203-524-4303 WWW.CNEDDER.COM CNEDDER@MSN.COM

Zip Code: 06870, 06878


Price Range: $0 to $999,999,000 | Properties: Single Family Home

Selling Price vs Listing Price


The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their 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 February 2014 Selling Price vs List Price of 98.0% was up from 95.3% last month and up from 94.4% in February 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 basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in February 2014 was 33, up 57.1% from 21 last month and down -2.9% from 34 in February of last year.

2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Based on information from Greenwich Association of Realtors, Inc. for the period 3/1/2011 through 2/28/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely 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.

MARKET ACTION REPORT


Charlie Nedder

February 2014
Market Specialist 203-524-4303 WWW.CNEDDER.COM CNEDDER@MSN.COM

Zip Code: 06870, 06878


Price Range: $0 to $999,999,000 | Properties: Single Family Home
Homes Sold 3 Mo. Roll Avg M 11 13 A 19 M 19 17 J 36 25 J 17 24 A 26 26 S 18 20 O 8 17 N 8 11 D J 12 13 6 10 9 F 7 9 M 18 10 A 14 13 M 20 17 J 26 20 J 31 26 A 30 29 S 14 25

O 10 18

N 16 13

D J 13 19 11 15 15

F 11 14

M 13 12

A 23 16

M 27 21

J 38 29

J 37 34

A 35 37

S 12 28

O 12 20

N 14 13

D J 14 18 18 15 17

F 6 14

MedianSalePrice 3 Mo. Roll Avg

(000's) M 11 A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F 1,605 1,315 1,510 1,400 1,495 2,110 1,298 2,975 1,625 1,495 2,200 2,195 993 1,263 1,753 1,560 1,800 1,673 1,773 1,441 1,408 2,050 1,200 1,963 1,810 1,585 1,875 1,750 1,625 1,675 918 1,543 1,619 1,376 2,150 3,265 1,477 1,408 1,468 1,668 1,634 2,128 1,966 2,032 1,773 1,963 1,796 1,483 1,336 1,525 1,704 1,678 1,748 1,629 1,540 1,633 1,552 1,737 1,658 1,786 1,757 1,737 1,750 1,683 1,406 1,379 1,360 1,513 1,715 2,264

Inventory MSI

M 11 A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N 151 167 175 160 153 138 146 156 147 123 139 155 182 194 201 190 170 147 155 157 137 105 114 129 141 174 190 171 152 126 148 145 129 12 9 9 4 9 5 8 20 18 9 23 22 10 14 10 7 5 5 11 16 9 6 10 12 11 8 7 5 4 4 12 12 9

D J 14 91 82 5 5

F 96 16

Days On Market 3 Mo. Roll Avg

M 11 A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F 194 145 241 165 120 147 153 104 177 215 131 166 192 171 183 145 126 126 169 304 180 248 172 201 192 152 156 141 155 131 142 161 138 129 143 344 193 184 175 144 140 135 145 165 174 171 163 176 182 166 151 132 140 200 218 244 200 207 188 182 167 150 151 142 143 145 147 143 137 205 M 11 A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F 490 518 491 585 649 594 565 624 573 591 614 598 579 485 574 596 616 589 828 548 539 626 568 632 610 572 595 612 597 618 552 593 657 537 701 640 500 531 575 609 603 594 587 596 593 601 597 554 546 552 595 600 678 655 638 571 578 609 603 605 592 593 601 609 589 588 601 596 632 626 M 11 A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F

Price per Sq Ft 3 Mo. Roll Avg

Sale to List Price 3 Mo. Roll Avg

0.953 0.958 0.909 0.958 0.958 0.945 0.933 0.940 0.961 0.921 0.938 0.930 0.942 0.926 0.932 0.939 0.960 0.957 0.961 0.952 0.955 0.933 0.945 0.944 0.953 0.961 0.963 0.974 0.961 0.975 0.952 0.947 0.958 0.928 0.953 0.980 0.940 0.942 0.942 0.954 0.945 0.939 0.945 0.941 0.940 0.930 0.937 0.933 0.933 0.932 0.944 0.952 0.959 0.957 0.956 0.947 0.944 0.941 0.947 0.953 0.959 0.966 0.966 0.970 0.963 0.958 0.952 0.944 0.946 0.954

New Listings Inventory Sales

M 11 A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N 43 36 41 33 20 22 34 27 13 6 30 33 50 39 42 27 21 19 34 25 9 2 24 34 30 64 49 31 34 10 44 24 5 151 167 175 160 153 138 146 156 147 123 139 155 182 194 201 190 170 147 155 157 137 105 114 129 141 174 190 171 152 126 148 145 129 13 19 19 36 17 26 18 8 8 13 6 7 18 14 20 26 31 30 14 10 16 19 11 11 13 23 27 38 37 35 12 12 14

D J 14 0 21 91 82 18 18

F 33 96 6

Avg Sale Price 3 Mo. Roll Avg

(000's) M 11 A M J J A S O N D J 12 F M A M J J A S O N D J 13 F M A M J J A S O N D J 14 F 1,613 1,667 1,562 1,782 1,920 1,927 2,047 2,530 1,932 1,948 2,506 2,800 1,960 1,327 1,997 2,234 2,332 2,117 3,047 1,649 1,980 2,606 1,697 2,168 1,924 1,718 2,013 2,022 1,729 1,871 2,044 1,751 2,100 1,544 2,230 3,247 1,614 1,670 1,754 1,876 1,965 2,168 2,170 2,137 2,129 2,418 2,422 2,029 1,761 1,853 2,188 2,228 2,499 2,271 2,225 2,078 2,094 2,157 1,930 1,937 1,885 1,917 1,921 1,874 1,882 1,889 1,965 1,798 1,958 2,340

2014 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Based on information from Greenwich Association of Realtors, Inc. for the period 3/1/2011 through 2/28/2014. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely 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.

You might also like