MARKET ACTION REPORT August 2010

Fowler Home Connection

County: Fairfield Rachel Fowler, Carrie Fowler Sakey and Sara Fowler

203-450-7355
fowlerhomeconnection@cbmoves.com

Price Range: All | Properties: Single Family - Condo - TwnHm

www.fowlerhomeconnection.com
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $449,900 -2% -8%
Average List Price of all Current Listings $831,510 -1% -2%
August Median Sales Price $445,470 -6% 4% 7% 19% $405,500 7% 8%
August Average Sales Price $634,790 -13% 1% 5% 17% $600,889 11% 11%
Total Properties Currently for Sale (Inventory) 7,871 -4% -3%
August Number of Properties Sold 699 -5% -5% 5,319 29%
August Average Days on Market (Solds) 102 2% -4% -7% -10% 110 -2% -3%
Asking Price per Square Foot (based on New Listings) $253 -5% -6% -2% -8% $270 -4% -2%
August Sold Price per Square Foot $245 -6% -1% 2% 6% $242 4% 4%
August Month's Supply of Inventory 11.3 1% 14% 3% -27% 12.6 -28% -18%
August Sale Price vs List Price Ratio 94.9% -.2% .6% .9% 2.2% 94.0% 1.6% 1.2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

1,200
Property Sales

1,141
August Property sales were 699, down 5.3% from 1,000
738 in August of 2009 and 5.0% lower than the 736 800
820
818

803
sales last month. August 2010 sales were at their

755
738

736
732

720

717

702
699

699
683
677

lowest level compared to August of 2009 and 2008. 600

648

632
600
597

576
563
561

554

551
541

522

August YTD sales of 5,319 are running 28.5% ahead

508

473
400

404
393

390
386
of last year's year-to-date sales of 4,138.

379
376

301
277
200
0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 800
The Median Sales Price in August was $445,470, up 750
7.3% from $415,000 in August of 2009 and down 700
650
5.6% from $471,950 last month. The Average Sales
600
Price in August was $634,790, up 5.0% from 550
$604,326 in August of 2009 and down 12.6% from 500
$726,002 last month. August 2010 ASP was at a 450
mid range compared to August of 2009 and 2008. 400
350
300
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
10,000 30
The Total Inventory of Properties available for sale as of
9,000
9,288
9,231

9,138

August was 7,871, down 3.7% from 8,172 last month and
8,976

8,968

25
8,819

8,727
8,641

8,000
8,473

8,430

8,415

8,364
8,341

8,299

8,304
8,278

8,172
8,160

down 2.6% from 8,080 in August of last year. August

8,080
8,067
7,964

7,865

7,871
7,793

7,719
7,595

7,000
7,499

7,293

2010 Inventory was at its lowest level compared with 20

7,108
7,028
7,008

6,848
6,681

6,629

6,000
6,504

August of 2009 and 2008.

5,988

5,000 15
4,000
3,000 10
A comparatively lower MSI is more beneficial for sellers
while a higher MSI is better for buyers. The August 2010 2,000 5
MSI of 11.3 months was at a mid level compared with 1,000
August of 2009 and 2008. 0 0
S O N D J F MA M J J A S O N D J F MA M J J A S O N D J F MA M J J A
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT August 2010
Fowler Home Connection
County: Fairfield Rachel Fowler, Carrie Fowler Sakey and Sara Fowler

203-450-7355
fowlerhomeconnection@cbmoves.com

Price Range: All | Properties: Single Family - Condo - TwnHm

www.fowlerhomeconnection.com

Days On Market for Sold Properties

Market Time 150
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 130
sells. An upward trend in DOM tends to indicate a move 120 108 110
towards more of a Buyer's market, a downward trend a 110 102
move towards more of a Seller's market. The DOM for 100
August was 102, up 2.0% from 100 days last month and 90
down 7.3% from 110 days in August of last year. The 80
August 2010 DOM was at its lowest level compared with 70
August of 2009 and 2008. 60
50
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Selling Price per Square Foot

Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot 300
The Selling Price per Square Foot is a great indicator for 290 277
the direction of Property values. Since Median Sales 280
Price and Average Sales price can be impacted by the 270
'mix' of high or low end Properties in the market, the 260
selling price per square foot is a more normalized 245
250 242
indicator on the direction of Property values. The 240
August 2010 Selling Price per Square Foot of $245 was 230
down 5.9% from $261 last month and up 1.6% from 242 220
in August of last year. 210
200
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price 99%
The Selling Price vs Original Listing Price reveals the 98%
average amount that Sellers are agreeing to come down 97%
from their original list price. The lower the ratio is 96% 94.9%
below 100% the more of a Buyer's market exists, a ratio
95% 94.1%
at or above 100% indicates more of a Seller's market.
94%
The August 2010 Selling Price vs Original List Price of
94.9% was down from 95.1% last month and up from 93%
91.7%
94.1% in August of last year. 92%
91%
90%
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 10,000 Inventory New Listings Sales
9,000
9,288
9,231

This last view of the market combines monthly

9,138
8,976

8,968

8,819

8,727
8,641

8,000
8,473

8,430

8,415

8,364
8,341

8,299

8,304
8,278

inventory of Properties for sale along with New Listings

8,172
8,160

8,080
8,067
7,964

7,871
7,865

7,793

7,719
7,595

7,000
7,499

7,293

and Sales. The graph shows the basic annual

7,108
7,028
7,008

6,848
6,681

6,629

6,000
6,504

seasonality of the market as well as the relationship

5,988

5,000
between these items. The number of New Listings in
4,000
August 2010 was 1,365, down 12.5% from 1,560 last
3,000
month and up 0.1% from 1,363 in August of last year.
2,000
1,000
0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Inventory / Listings / Sales August 2010
Fowler Home Connection
County: Fairfield Rachel Fowler, Carrie Fowler Sakey and Sara Fowler

203-450-7355
fowlerhomeconnection@cbmoves.com
www.fowlerhomeconnection.com
Price Range: All | Properties: Single Family - Condo - TwnHm

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 August 2010 was 1,365,
down 12.5% from 1,560 last month and up 0.1% from 1,363 in August of last year.

10,000 Inventory New Listings Sales

9,288

9,000
9,231

9,138
8,976

8,968

8,819

8,727
8,641
8,473

8,430

8,415

8,364
8,341

8,304
8,299
8,000

8,278

8,172
8,160

8,080
8,067
7,964

7,871
7,865

7,793

7,719
7,595
7,499

7,293
7,000

7,108
7,028
7,008

6,848
6,681

6,629
6,504
6,000

5,988
5,000

4,000

3,000
2292

2,000
2285

2247
2209

2143
2080

2014
1987
1953

1927
1843

1838

1831
1804

1803
1800

1798

1760
1745

1688

1648
1641

1614
1582

1560
1515

1462
1426
1375

1365
1363
1,000

1141
1091
1082
820

818

803
798
699

732

677

561

541

393

522

554

648

720

563

551

376
756
386

277

301

404

390

508

717

738

597

702

755
702
600

473

379

576

632

683

736

699
0
S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.