Redding, CT Home Sales Report for March 2011

Sales Comparison
March March 2011 2010 % Chg % Chg
2011 2010 YTD YTD TY/LY YTD
Avg. List Price $440,600 $513,650 $627,563 $964,785 -14% -35%
Avg. Sold Price $419,500 $517,983 $590,594 $897,145 -19% -34%
% Sale/List Ratio 95% 101% 94% 93%
Avg. Market Time 119 71 143 133 68% 8%
# Sold 5 3 16 10 67% 60%

Sold Price Comparison

$1,200,000

$1,000,000

$800,000
Avg. List Price
$600,000
Avg. Sold Price
$400,000

$200,000

$0
2011 2010 YTD YTD

March March 2011 2010

The good news in Redding is that the volume of sales has picked up nicely after a dismal year in
2010. 16 homes have sold so far this year, versus only 10 in the first quarter of 2010. The bad news is
that prices continue to stumble, with both list and sale prices of those sold falling almost 20% for the
month of March. Prices are now down by over 30% this year versus 2010. For timely, professional
real estate advice on the Redding market, please call the Higgins Group Ridgefield office.

Active Listings in Redding, CT

123 Active Listings
Average list price is $953,315
Average market time of 133 days

Higgins Group Real Estate

1530 Post Road · Fairfield
203.254.9000
Based on CMLS Information
 Redding, CT Home Sales Report by Street for March 2011

Avg. List Price: $440,600

Avg. Sold Price: $419,500
% Sale to List: 95 %
Avg. Mkt Time: 119 days
# Sold: 5

#Full
Street # Street Name # Rooms # Bdrms Bths List Price Sale Price % sale/list Mkt.Time
230 BLACK ROCK 8 4 2 $200,000 $200,000 100% 46
9 PINE MOUNTAIN 7 4 3 $259,000 $245,000 95% 84
47 PINE MOUNTAIN 5 2 2 $319,000 $280,000 88% 384
156 REDDING 7 3 2 $425,000 $417,500 98% 34
9 JOHN APPLEGATE 11 4 3 $1,000,000 $955,000 96% 47

Higgins Group Real Estate

1530 Post Road · Fairfield
203.254.9000
Based on CMLS Information