First Quarter 2014Connecticut Market Report
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Executive summary
Prepared by: Candace Adams, President/CEO, Berkshire Hathaway HomeServices New England Properties
1st Quarter 2014
Cover Photo, Fairfield - www.766OldPostRoad.com
Although the first quarter of 2014 experienced a slow start as a result of severe weather
conditions and a tightening credit market, there are signs of a healthy market including multiple
offers on well-priced properties throughout the state. The average sale price of single family
homes rose 9.4% to $380,900; while the number of sales dropped 2.1% to 4,460, consistent with
the first quarter of last year. Condominium prices increased 5.6% to $202,300. Connecticut’s
rental market measured across all property types, remained steady in the first quarter, up 2.1%
to 3,183 signed leases. The median monthly rent is flat with last year at $1,400 per month, $100
lower than the high of $1,500 per month in 2012.
While taking into account the harsh weather of the first quarter, Connecticut’s real estate market
remains one of its strongest economic sectors. Confidence in the market and historically low
interest rates have reengaged buyers and sellers. Given all indicators, the second quarter will be
strong for sales in Connecticut.
At Berkshire Hathaway HomeServices New England Properties, our mission is to provide an
unparalleled customer experience throughout all aspects of the home transaction process. If
you have any questions regarding this report, Berkshire Hathaway HomeServices New England
Properties sales associates are here to help you navigate the current market with expert
knowledge and exceptional service.
Candace Adams
President and CEO
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Connecticut Overview
Welcome to Berkshire Hathaway HomeServices New England Properties’ First Quarter Connecticut Market Report, our examination of the single family and condominium markets in Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham Counties. The new look of our Market Report features separate county pages using market-wide data based on transactions that closed in the First Quarter 2014 and compares them to closings that took place last quarter and during the same quarter last year.Page 4
Statewide Average Sales Price
ContentsAvon • www.15stockbridge.com
7 FAIRFIELD COUNTY
11 HARTFORD COUNTY
16 LITCHFIELD COUNTY
20 MIDDLESEX COUNTY
24 NEW HAVEN COUNTY
28 NEW LONDON COUNTY
32 TOLLAND COUNTY
35 WINDHAM COUNTY
$100,000 $125,000 $150,000 $175,000 $200,000 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 $425,000 $450,000
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
Statewide Average Price
Single FamilyHomesCondominiums
2013 Q1 v 2014 Q1
+9.4%2013 Q1 v 2014 Q1
+5.6%
Information here-in is based in whole or part on reports supplied by Collateral Analytics and area Multiple Listing Services (MLS), for residential property transactions as of March 31st, 2014, and is being provided “as is.” Data maintained by an MLS may not reflect all real estate activity in the market. It is deemed reliable but not guaranteed.
2013 Q1 vs 2014 Q1
+9.4%2013 Q1 vs 2014 Q1
+5.6%
Connecticut Market Overview Q1-2014
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CLOSED SALES
CONTRACTS SIGNED
Stat
ewid
e C
lose
d Sa
les
Stat
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e C
ontr
acts
Sig
ned
Single Family Condominiums
0
2000
4000
6000
8000
10000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Clo
sed
Sale
s -R
ollin
g Ei
ght Q
uart
ers
Single Family Condominium
0
2000
4000
6000
8000
10000
12000
14000
16000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Con
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igne
d -R
ollin
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uart
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Single Family Condominium
The single family real estate market in Connecticut experienced a reduced number of sales due to severe weather in the first quarter of the year. There were 4,460 closed sales during First Quarter 2014, 2% lower than the number of sales in First Quarter 2013. Condominium sales, however, showed a 1.5% increase year-over-year.
When compared to the first quarter of last year the number of pending sales, a leading indicator of real estate activity, dropped 15.8% in Connecticut for single family homes and 13.9% for condominiums. Due to the extended harsh winter, this statistic will improve as more inventory hits the market in spring and summer.
Connecticut Market Overview Q1-2014
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SALES VOLUME
HOME PRICES
Both single family and condominium home values are higher by percentage this quarter when compared to First Quarter 2013 with single family home average sale prices rising 9.4% to $380,900. Litchfield County led the State this quarter with a 25.3% increase, followed by Middlesex and Fairfield Counties, each with a 12% increase. Average condominium sale prices rose 5.6% to $202,300 statewide with Tolland and Middlesex Counties leading the way with 46.3% and 42.1% increases respectively.
Average Sales Price Single Family
Average Sales Price Condominium
Median Sales Price Single Family
Median Sales Price Condominium
2013-Q4 $406,400 $211,700 $244,000 $160,000
Change -6.3% -4.4% -6.1% -6.3%
2014-Q1 $380,900 $202,300 $229,000 $150,000
2013-Q1 $348,200 $191,500 $225,000 $152,000
Change 9.4% 5.6% 1.8% -1.3%
2014-Q1 $380,900 $202,300 $229,000 $150,000
$-
$500,000,000
$1,000,000,000
$1,500,000,000
$2,000,000,000
$2,500,000,000
$3,000,000,000
$3,500,000,000
$4,000,000,000
2012Q1
2012Q2
2012Q3
2012Q4
2013Q1
2013Q2
2013Q3
2013Q4
2014Q1
Single FamilyHomes
Condominiums
2013 Q1 v 2014 Q1
+7.1%2013 Q1 v 2014 Q1
+4.8%
Sales volume for single family homes increased to $1,763,653,000, up 7.1 % when compared to First Quarter 2013. Most of the dollar volume growth occurred in Hartford and Litchfield County with 27% and 18.5% growth respectively. In the condominium arena, sales volume rose in Windham and Tolland Counties 200% and 93%, followed by Fairfield County, which rose by 21.2%, and Middlesex County increasing by 14.2%. Statewide condominium dollar volume was $243,949,000, a 4.8% increase year-over-year.
Connecticut Market Overview Q1-2014
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CURRENT INVENTORY
NEW HOUSING PERMITS
Thanks to multi-family development building approvals in Danbury and Stamford, the number of first quarter housing permits increased by 22% year-over-year with 533 new permits issued in January, 171 in February, and 249 in March. Those multi-family permits accounted for 64% of the State’s January numbers and swung the ratio away from what is usually a 50-50 share of single family and multi-family permits. That was re-balanced again in February and March when single family permits rebounded.
LUXURY MARKET
Connecticut’s Luxury Market, characterized by sales over $2 million, predominately occurred in Fairfield County. Sales were up 60% over last year’s first quarter with 58 sales in Greenwich, 16 in Westport and 9 in Darien. Many of the sales were new construction. When compared to last year, Connecticut’s luxury market has picked up dramatically in more densely populated areas.
0
200
400
600
800
1,000
1,200
1,400
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Perm
its Is
sued
New
Hou
sing
Per
mits
Statewide inventory increased this quarter for both single family homes and condominiums. In the Fourth Quarter 2013, single family homes stood at 5.1 months of supply while condominiums were at 5.7 months. In the First Quarter of 2014, supply rose to 6.5 and 7 months respectively. With the spring market beginning, this will help bolster the activity as there will be a better selection for buyers.
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Fairfield County
Fairfield - www.766OldPostRoad.com
FAIRFIELD
NEW HAVEN
MIDDLESEX NEW LONDON
WINDHAM
TOLLANDHARTFORDLITCHFIELD
Q1-2014
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Fairfield County
Fairfield County’s real estate market continues it’s momentum from 2013. In the first quarter, total dollar volume in sales in the county reached $907,516,000 for single family homes, up 7.8%, and $133,034,000 for condominiums, up 21.2%. The average sale price of single family homes was $761,300, up a healthy 12.7%, and average for condominiums was $298,300, up 8.2%. Median rental prices are flat at $1,775 per month compared to $1,400 per month across the State.
SINGLE FAMILY AND CONDO RATIO
0
100000
200000
300000
400000
500000
600000
700000
800000
900000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Aver
age
and
Med
ian
Sale
s Pr
ice
AVERAGE AND MEDIAN SALES PRICE - FAIRFIELD COUNTY ROLL UP
Single Family Condominium Single Family Condominium
Number of Sales
Avg. Days on Market
Q1 2014 1638 157
Q4 2013 2426 147
Q3 2013 3272 134
Q2 2013 3031 168
Q1 2013 1644 177
Q4 2012 2134 176
Q3 2012 2561 166
Q2 2012 2449 179
Q1 2012 1428 198
CondominiumsSingle Family
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
AVERAGE AND MEDIAN SALES PRICE
Average Price Single Family
Median Price Single Family
Average Price Condominium
Median Price Condominium
Q1-2014
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Fairfield CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
BETHEL
1 Family 152 18.1% 27 28.6% $272,500 0.9% $336,900 17.5% $9,096,000 51.1%
Condo 142 -0.1% 9 12.5% $407,600 93.6% $326,200 11.2% $2,936,000 25.1%
BRIDGEPORT
1 Family 152 -9.6% 110 4.8% $130,000 13.0% $137,800 10.9% $15,160,000 16.2%
Condo 142 1.3% 58 52.6% $62,300 2.9% $76,100 -8.5% $4,413,000 39.6%
BROOKFIELD
1 Family 201 27.6% 18 -21.7% $371,000 -15.7% $442,300 -1.6% $7,962,000 -23.0%
Condo 109 -43.1% 12 -7.7% $300,000 87.5% $331,100 40.1% $3,973,000 29.3%
COS COB
1 Family 162 -37.7% 10 0.0% $1,175,000 22.4% $1,306,700 7.5% $13,067,000 7.5%
Condo 114 -32.1% 5 66.7% $682,000 -9.1% $670,800 -10.4% $3,354,000 49.4%
DANBURY
1 Family 152 -4.0% 61 -9.0% $238,900 6.2% $276,100 6.8% $16,843,000 -2.7%
Condo 180 33.2% 53 -17.2% $205,000 31.0% $222,400 13.0% $11,787,000 -6.5%
DARIEN
1 Family 154 8.0% 58 18.4% $1,064,500 23.1% $1,098,200 20.9% $63,696,000 43.1%
Condo 124 277.1% 5 66.7% $3,000 -10.4% $234,600 7232.2% $1,173,000 12120.3%
EASTON
1 Family 162 -15.4% 12 9.1% $522,500 11.8% $542,200 4.9% $6,506,000 14.5%
Condo - - - - - - - - - -
FAIRFIELD
1 Family 157 15.4% 87 7.4% $517,500 -5.9% $643,900 3.6% $56,018,000 11.3%
Condo 139 -33.5% 14 27.3% $352,000 17.3% $405,200 17.5% $5,673,000 49.5%
GREENWICH
1 Family 261 -4.9% 58 11.5% $2,255,000 15.6% $2,904,100 2.3% $168,440,000 14.1%
Condo 275 29.6% 18 5.9% $725,000 21.3% $1,012,000 13.1% $18,217,000 19.7%
MONROE
1 Family 201 24.6% 26 -33.3% $305,600 -1.1% $336,700 2.6% $8,755,000 -31.6%
Condo 116 15.9% 9 200.0% $170,000 -8.6% $177,800 -5.8% $1,600,000 182.7%
NEW CANAAN
1 Family 190 -3.2% 36 28.6% $1,605,000 44.1% $1,865,700 34.5% $67,166,000 72.9%
Condo 215 25.3% 9 50.0% $350,000 -41.4% $442,300 -31.2% $3,981,000 3.2%
NEW FAIRFIELD
1 Family 174 1.3% 25 8.7% $345,000 22.8% $406,000 26.5% $10,150,000 37.5%
Condo - - - - - - - - - -
NEWTOWN
1 Family 171 11.6% 43 126.3% $342,000 3.0% $362,800 -6.4% $15,599,000 111.7%
Condo 289 -1.7% 4 300.0% $322,400 -23.2% $326,600 -22.2% $1,307,000 211.1%
NORWALK
1 Family 151 -25.1% 97 -13.4% $370,000 -5.7% $473,000 -5.2% $45,878,000 -17.9%
Condo 155 -11.4% 45 -8.2% $216,800 -3.7% $238,800 -6.0% $10,748,000 -13.7%
OLD GREENWICH
1 Family 171 -3.3% 13 -23.5% $1,225,000 -32.3% $1,890,800 -1.5% $24,580,000 -24.7%
Condo 155 0.4% 6 20.0% $641,500 129.1% $678,800 138.4% $4,073,000 186.1%
Q1-2014
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Fairfield CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
REDDING
1 Family 256 16.4% 13 -27.8% $450,000 11.7% $526,900 17.2% $6,850,000 -15.3%
Condo - - - - - - - - - -
RIDGEFIELD
1 Family 192 6.6% 44 -29.0% $681,000 29.0% $668,800 5.1% $29,428,000 -25.4%
Condo 267 9.6% 7 0.0% $180,000 -21.7% $277,200 -4.8% $1,941,000 -4.8%
RIVERSIDE
1 Family 184 -15.1% 20 5.3% $2,262,500 88.5% $2,588,600 37.9% $51,772,000 45.1%
Condo 194 64.1% 3 200.0% $555,000 -13.3% $629,700 -1.6% $1,889,000 195.2%
SANDY HOOK
1 Family 160 -23.1% 33 22.2% $380,000 18.8% $364,800 2.9% $12,039,000 25.8%
Condo 102 35.4% 1 -66.7% $273,000 -3.5% $273,000 -11.8% $273,000 -70.6%
SHELTON
1 Family 118 -25.5% 34 -40.4% $279,500 -4.3% $274,500 -10.1% $9,332,000 -46.4%
Condo 117 -50.9% 17 -50.0% $210,000 -31.7% $235,600 -22.2% $4,005,000 -61.1%
SHERMAN
1 Family 276 40.2% 9 50.0% $485,000 71.7% $734,100 111.8% $6,607,000 217.6%
Condo - - - - - - - - - -
SOUTHPORT
1 Family 157 0.1% 13 85.7% $750,000 84.0% $1,577,200 115.2% $20,503,000 299.7%
Condo 89 -32.2% 5 150.0% $415,000 45.1% $424,000 48.2% $2,120,000 270.6%
STAMFORD
1 Family 172 0.1% 88 -20.7% $571,300 13.1% $663,500 9.2% $58,387,000 -13.4%
Condo 139 -13.8% 110 17.0% $273,100 1.5% $308,900 9.1% $33,983,000 27.7%
STRATFORD
1 Family 157 2.3% 89 3.5% $203,000 -3.1% $207,900 -4.6% $18,502,000 -1.2%
Condo 118 -27.8% 37 48.0% $155,000 -4.6% $160,300 5.7% $5,932,000 56.4%
TRUMBULL
1 Family 147 -18.4% 55 -9.8% $339,000 1.2% $356,400 11.0% $19,601,000 0.1%
Condo 158 -22.9% 5 -16.7% $284,500 -4.0% $304,500 -0.7% $1,523,000 -17.2%
WESTON
1 Family 199 19.3% 17 -5.6% $830,000 26.5% $1,015,800 39.0% $17,268,000 31.3%
Condo - - - - - - - - - -
WESTPORT
1 Family 161 -12.0% 62 -19.5% $1,325,000 -1.9% $1,590,600 9.8% $98,616,000 -11.6%
Condo 107 -45.3% 9 800.0% $635,000 -0.8% $645,900 0.9% $5,813,000 808.2%
WILTON
1 Family 215 4.2% 34 -12.8% $697,500 -2.0% $873,400 7.9% $29,697,000 -5.9%
Condo 162 60.2% 5 25.0% $320,000 3.9% $464,300 52.2% $2,322,000 90.3%
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Hartford County
West Hartford - www.74WhettenRoad.com
FAIRFIELD
NEW HAVEN
MIDDLESEX NEW LONDON
WINDHAM
TOLLANDHARTFORDLITCHFIELD
Q1-2014
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Hartford County
Hartford County’s real estate market has shown solid growth year-over-year. Total dollar volume in sales reached $298,052,000, up 6.3% for single families. Condominium sales volume dipped to $44,551,000, down 14.7%. The average sale price of single family homes was $251,600, up 7.8%, and the average for condominiums was $160,400, down 2.4%. Median rental prices showed a 6.1% increase at $1,300 per month.
CondominiumsSingle Family
Q1 2014 1467 79
Q4 2013 2171 71
Q3 2013 2665 63
Q2 2013 2393 69
Q1 2013 1524 84
Q4 2012 1994 80
Q3 2012 2271 75
Q2 2012 2223 81
Q1 2012 1360 94
Number of Sales
Avg. Days on Market
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
0
50000
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150000
200000
250000
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Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Aver
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s Pr
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AVERAGE AND MEDIAN SALES PRICE - HARTFORD COUNTY ROLL UP
Single Family Condominium Single Family Condominium
AVERAGE AND MEDIAN SALES PRICE
Average Price Single Family
Median Price Single Family
Average Price Condominium
Median Price Condominium
SINGLE FAMILY AND CONDO RATIO
Q1-2014
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Hartford CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
AVON
1 Family 174 18.8% 41 24.2% $380,000 -11.6% $483,200 -9.1% $19,812,000 12.9%
Condo 213 6.6% 8 -55.6% $197,000 1.0% $240,100 -4.7% $1,921,000 -57.6%
BERLIN
1 Family 127 11.1% 25 -13.8% $245,000 6.5% $285,200 8.4% $7,130,000 -6.6%
Condo 152 14.8% 10 150.0% $213,500 5.5% $206,300 -0.7% $2,063,000 148.3%
BLOOMFIELD
1 Family 179 -6.7% 27 -12.9% $165,000 10.1% $175,200 -22.5% $4,730,000 -32.5%
Condo 210 9.3% 7 -30.0% $165,000 -52.5% $262,900 -23.2% $1,841,000 -46.2%
BRISTOL
1 Family 131 -6.4% 68 -29.2% $157,300 3.0% $171,985 3.5% $27,958,000 75.2%
Condo 112 -44.8% 20 -4.8% $94,000 -16.8% $111,242 13.0% $2,115,000 -21.2%
BROAD BROOK
1 Family 117 -13.2% 11 22.2% $323,000 65.6% $273,900 21.7% $3,013,000 48.8%
Condo 152 -40.5% 5 66.7% $143,000 -3.4% $150,400 -4.4% $752,000 59.3%
BURLINGTON
1 Family 153 18.4% 15 7.1% $345,000 29.3% $358,500 26.0% $5,377,000 35.0%
Condo - - - - - - - - - -
CANTON
1 Family 203 55.3% 14 16.7% $277,500 16.8% $283,900 -4.9% $3,975,000 11.0%
Condo 53 -55.4% 1 -75.0% $64,000 -26.9% $64,000 -40.6% $64,000 -85.1%
COLLINSVILLE
1 Family 166 8.7% 11 57.1% $325,000 4.5% $383,800 -0.8% $4,222,000 55.9%
Condo 55 39.2% 1 -50.0% $162,000 -25.7% $162,000 -25.7% $162,000 -62.8%
EAST BERLIN
1 Family 214 109.8% 2 0.0% $184,500 -41.9% $184,500 -41.9% $369,000 -41.9%
Condo - - - - - - - - - -
EAST GRANBY
1 Family 132 -3.9% 13 -13.3% $250,000 2.0% $244,800 -11.2% $3,182,000 -23.0%
Condo - - - - - - - - - -
EAST HARTFORD
1 Family 136 -5.2% 79 14.5% $115,100 -11.1% $118,600 -7.1% $9,367,000 6.4%
Condo 183 70.4% 6 -40.0% $99,600 73.1% $143,500 83.3% $861,000 10.0%
EAST WINDSOR
1 Family 114 -5.7% 12 300.0% $97,000 -7.6% $120,200 -31.8% $1,443,000 173.0%
Condo 143 -16.5% 4 -55.6% $166,500 9.5% $155,700 1.9% $623,000 -54.7%
ENFIELD
1 Family 148 9.1% 72 -16.3% $150,000 -5.0% $158,200 1.0% $11,391,000 -15.4%
Condo 149 15.2% 12 -14.3% $145,500 9.7% $150,000 -2.1% $1,800,000 -16.1%
FARMINGTON
1 Family 120 -22.9% 25 13.6% $375,000 -7.2% $427,800 -3.5% $10,696,000 9.7%
Condo 101 -6.7% 12 -40.0% $188,500 1.1% $225,400 5.4% $2,705,000 -36.7%
GLASTONBURY
1 Family 134 -10.1% 46 2.2% $318,800 9.9% $329,200 0.4% $15,141,000 2.6%
Condo 77 -43.1% 14 -6.7% $162,000 -3.6% $182,300 3.5% $2,552,000 -3.4%
Q1-2014
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Hartford CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
GRANBY
1 Family 126 6.2% 9 -18.2% $200,000 6.4% $194,500 -10.9% $1,751,000 -27.1%
Condo - - - - - - - - - -
HARTFORD
1 Family 147 6.5% 43 -15.7% $104,000 -16.1% $123,400 -19.2% $5,306,000 -31.8%
Condo 126 -19.2% 21 90.9% $59,000 -48.7% $107,700 -36.9% $2,261,000 20.4%
MANCHESTER
1 Family 133 -13.9% 81 9.5% $163,300 6.2% $182,800 7.2% $14,803,000 17.3%
Condo 110 -23.0% 20 25.0% $62,500 -38.3% $96,200 -9.6% $1,923,000 13.0%
MARLBOROUGH
1 Family 156 -0.4% 3 -50.0% $207,500 -11.7% $262,500 2.4% $788,000 -48.8%
Condo 165 42.2% 2 100.0% $191,000 19.0% $191,000 19.0% $382,000 138.0%
NEW BRITAIN
1 Family 129 -7.3% 77 6.9% $116,500 15.2% $110,100 -1.1% $8,478,000 5.8%
Condo 105 -2.6% 4 -71.4% $82,700 4.0% $92,900 -3.4% $372,000 -72.4%
NEWINGTON
1 Family 111 -12.5% 38 -9.5% $204,300 8.8% $217,700 12.0% $8,272,000 1.3%
Condo 143 -2.1% 24 -7.7% $142,500 6.8% $165,200 18.3% $3,966,000 9.2%
NORTH GRANBY
1 Family 114 31.8% 2 -50.0% $361,000 5.1% $361,000 3.4% $722,000 -48.3%
Condo - - - - - - - - - -
PLAINVILLE
1 Family 134 30.4% 24 20.0% $170,300 4.1% $171,400 -0.6% $4,114,000 19.3%
Condo 101 -36.7% 7 133.3% $121,000 -1.6% $158,000 22.2% $1,106,000 185.0%
PLANTSVILLE
1 Family 158 -22.4% 9 -35.7% $211,300 0.0% $238,200 0.9% $2,144,000 -35.1%
Condo 98 -44.7% 6 50.0% $144,500 -7.4% $151,000 -13.9% $906,000 29.2%
ROCKY HILL
1 Family 150 -19.9% 17 -22.7% $227,500 -7.7% $237,400 -31.3% $4,036,000 -46.9%
Condo 91 -33.1% 18 -18.2% $158,000 -1.3% $167,700 20.1% $3,018,000 -1.8%
SIMSBURY
1 Family 120 -5.6% 40 110.5% $318,500 11.8% $366,400 3.1% $14,657,000 117.0%
Condo 76 -34.4% 4 -33.3% $167,500 8.0% $142,000 -30.3% $568,000 -53.5%
SOUTH GLASTONBURY
1 Family 142 1.1% 12 50.0% $413,000 -6.1% $450,900 -17.0% $5,410,000 24.6%
Condo 104 -12.0% 2 -33.3% $301,500 13.8% $301,500 -13.4% $603,000 -42.3%
SOUTH WINDSOR
1 Family 131 -16.2% 33 -5.7% $268,000 11.7% $268,300 4.6% $8,854,000 -1.4%
Condo 111 -12.7% 11 -26.7% $99,000 -23.8% $122,800 -21.5% $1,351,000 -42.5%
SOUTHINGTON
1 Family 177 11.8% 64 -4.5% $250,300 -3.4% $277,700 1.0% $17,776,000 -3.5%
Condo 164 17.3% 10 -37.5% $146,500 -11.1% $169,800 1.8% $1,698,000 -36.4%
SUFFIELD
1 Family 153 -14.3% 20 17.6% $352,500 0.7% $357,300 4.6% $7,145,000 23.0%
Condo 160 -7.6% 5 25.0% $117,000 -37.0% $160,000 -30.0% $800,000 -12.6%
Q1-2014
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Hartford CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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TARIFFVILLE
1 Family - - - - - - - - - -
Condo 114 -12.3% 1 0.0% $120,000 -42.2% $120,000 -42.2% $120,000 -42.2%
UNIONVILLE
1 Family 145 -1.4% 9 -35.7% $447,500 117.8% $424,700 63.7% $3,822,000 5.3%
Condo 272 110.5% 6 200.0% $175,000 36.8% $302,000 136.0% $1,812,000 608.1%
WEATOGUE
1 Family 77 -54.3% 3 200.0% $330,000 -9.1% $346,300 -4.6% $1,039,000 186.2%
Condo 97 22.3% 2 -33.3% $160,800 19.1% $160,800 9.1% $322,000 -27.3%
WEST GRANBY
1 Family 70 -35.4% 1 -66.7% $612,000 42.3% $612,000 69.6% $612,000 -43.5%
Condo - - - - - - - - - -
WEST HARTFORD
1 Family 124 1.5% 101 -10.6% $271,500 -4.7% $324,300 4.7% $32,753,000 -6.5%
Condo 81 -51.4% 19 0.0% $187,500 1.4% $209,800 17.2% $3,985,000 17.2%
WEST SIMSBURY
1 Family 160 -4.4% 6 0.0% $303,500 -14.1% $295,700 -15.1% $1,774,000 -15.1%
Condo - - - - - - - - - -
WEST SUFFIELD
1 Family 227 121.9% 8 166.7% $190,500 -37.5% $254,900 -28.1% $2,039,000 91.9%
Condo - - - - - - - - - -
WETHERSFIELD
1 Family 120 2.6% 50 0.0% $207,500 7.3% $228,200 5.6% $11,412,000 5.6%
Condo 120 10.9% 9 28.6% $110,000 -26.6% $116,300 -12.6% $1,047,000 12.4%
WINDSOR
1 Family 129 -7.3% 52 8.3% $175,000 -1.1% $178,700 -0.2% $9,290,000 8.2%
Condo 138 24.9% 9 28.6% $230,000 318.2% $164,000 19.9% $1,476,000 54.1%
WINDSOR LOCKS
1 Family 141 -4.5% 17 -32.0% $162,000 3.8% $157,000 -9.3% $2,669,000 -38.3%
Condo 98 -21.7% 4 -33.3% $101,500 -21.9% $94,300 -23.7% $377,000 -49.1%
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 16
Litchfield County
Bridgewater - www.99055532.bhhsneproperties.com
FAIRFIELD
NEW HAVEN
MIDDLESEX NEW LONDON
WINDHAM
TOLLANDHARTFORDLITCHFIELD
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 17
Litchfield County
Single family home sale prices in Litchfield County have increased dramatically over last year. Total dollar volume in sales reached $76,825,000, up 18.5% for single family homes. Condominium volume dipped to $4,549,000, down 8.7%. The average sale price of single family homes was $293,200, up a robust 25.3%, and the average for condominiums was $133,800, down 6.0%. Median rental prices showed a 0.5% decrease at $995 per month compared to $1,400 per month across the State.
Q1 2014 296 161
Q4 2013 452 141
Q3 2013 519 135
Q2 2013 456 140
Q1 2013 312 137
Q4 2012 430 138
Q3 2012 490 150
Q2 2012 388 164
Q1 2012 279 149
Number of Sales
Avg. Days on Market
CondominiumsSingle Family
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
SINGLE FAMILY AND CONDO RATIO
0
50000
100000
150000
200000
250000
300000
350000
400000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Aver
age
and
Med
ian
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s Pr
ice
AVERAGE AND MEDIAN SALES PRICE - LITCHFIELD COUNTY ROLL UP
Single Family Condominium Single Family Condominium
AVERAGE AND MEDIAN SALES PRICE
Average Price Single Family
Median Price Single Family
Average Price Condominium
Median Price Condominium
Q1-2014
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Litchfield CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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BANTAM
1 Family 96 -69.1% 3 50.0% $370,000 85.0% $352,300 76.2% $1,057,000 164.3%
Condo - - - - - - - - - -
BARKHAMSTED
1 Family 340 269.6% 4 -20.0% $227,500 -10.8% $191,800 -24.5% $767,000 -39.6%
Condo - - - - - - - - - -
BETHLEHEM
1 Family 231 63.2% 8 700.0% $238,400 28.8% $275,000 48.6% $2,200,000 1089.2%
Condo - - - - - - - - - -
CANAAN
1 Family 201 16.7% 4 33.3% $110,000 0.0% $131,300 49.4% $525,000 99.2%
Condo - - - - - - - - - -
GAYLORDSVILLE
1 Family 144 -35.4% 3 0.0% $265,000 6.0% $305,800 -4.8% $918,000 -4.8%
Condo - - - - - - - - - -
GOSHEN
1 Family 182 -17.0% 7 -36.4% $420,000 50.0% $507,900 53.3% $3,556,000 -2.5%
Condo - - - - - - - - - -
HARWINTON
1 Family 209 6.7% 13 0.0% $217,500 13.9% $237,200 14.9% $3,084,000 14.9%
Condo - - - - - - - - - -
KENT
1 Family 104 -62.4% 7 133.3% $419,000 39.7% $643,100 162.5% $4,502,000 512.4%
Condo 158 -33.3% 2 100.0% $247,500 34.1% $247,500 34.1% $495,000 168.1%
LAKEVILLE
1 Family 478 166.6% 7 75.0% $350,000 -15.2% $603,900 14.1% $4,227,000 99.6%
Condo - - - - - - - - - -
LITCHFIELD
1 Family 324 79.7% 8 -20.0% $320,000 4.9% $624,300 96.1% $4,995,000 56.9%
Condo 300 -54.1% 1 0.0% $312,000 -15.7% $312,000 -15.7% $312,000 -15.7%
MORRIS
1 Family 684 230.8% 3 -25.0% $720,000 61.8% $645,800 48.6% $1,938,000 11.4%
Condo - - - - - - - - - -
NEW HARTFORD
1 Family 183 31.7% 9 28.6% $245,000 61.3% $258,600 24.5% $2,327,000 60.1%
Condo - - - - - - - - - -
NEW MILFORD
1 Family 180 -9.2% 16 -36.0% $237,800 1.2% $289,400 -20.3% $4,631,000 -49.0%
Condo 28 -70.1% 1 -80.0% $370,000 406.8% $370,000 238.3% $370,000 -32.3%
NEW PRESTON MARBLE DALE
1 Family 195 -51.2% 5 66.7% $230,000 -45.9% $322,400 -51.1% $1,612,000 -18.5%
Condo 165 - 1 - $230,000 - $230,000 - $230,000 -
NORFOLK
1 Family 648 - 3 - $300,000 - $478,300 - $1,435,000 -
Condo - - - - - - - - - -
Q1-2014
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Litchfield CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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PLYMOUTH
1 Family 184 18.6% 5 -44.4% $171,400 7.1% $186,100 41.9% $930,000 -21.2%
Condo - - - - - - - - - -
ROXBURY
1 Family 172 -55.4% 5 400.0% $625,000 -12.0% $846,200 19.2% $4,231,000 495.9%
Condo - - - - - - - - - -
SALISBURY
1 Family 314 58.2% 3 0.0% $375,000 0.0% $409,200 8.1% $1,228,000 8.1%
Condo 60 - 1 - $280,000 - $280,000 - $280,000 -
SHARON
1 Family 204 18.9% 3 200.0% $690,000 16.9% $789,300 33.8% $2,368,000 301.4%
Condo - - - - - - - - - -
TERRYVILLE
1 Family 170 37.7% 23 53.3% $166,000 -1.2% $157,700 -5.5% $3,626,000 44.9%
Condo - - - - - - - - - -
THOMASTON
1 Family 195 21.7% 15 -6.3% $175,900 56.4% $195,400 18.1% $2,931,000 10.7%
Condo 142 -55.3% 3 50.0% $79,900 -43.9% $72,500 -49.1% $217,000 -23.7%
TORRINGTON
1 Family 172 -8.5% 44 -15.4% $126,400 -4.8% $119,500 -12.4% $5,257,000 -25.8%
Condo 216 7.7% 12 9.1% $84,000 2.4% $82,700 -3.0% $993,000 5.8%
WARREN
1 Family 44 -65.1% 1 0.0% $1,425,000 81.0% $1,425,000 81.0% $1,425,000 81.0%
Condo - - - - - - - - - -
WASHINGTON
1 Family 399 -23.1% 3 50.0% $643,000 -4.4% $701,800 4.4% $2,106,000 56.5%
Condo - - - - - - - - - -
WASHINGTON DEPOT
1 Family 34 - 1 - $232,500 - $232,500 - $233,000 -
Condo - - - - - - - - - -
WATERTOWN
1 Family 212 35.8% 29 -17.1% $183,000 11.6% $201,700 5.6% $5,849,000 -12.5%
Condo 134 -32.5% 5 0.0% $145,000 -12.1% $149,300 -13.2% $747,000 -13.2%
WATERTOWN
1 Family 212 35.8% 29 -17.1% $183,000 11.6% $201,700 5.6% $5,849,000 -12.5%
Condo 134 -32.5% 5 0.0% $145,000 -12.1% $149,300 -13.2% $747,000 -13.2%
WEST CORNWALL
1 Family 291 87.4% 2 100.0% $332,500 52.9% $332,500 52.9% $665,000 205.7%
Condo - - - - - - - - - -
WINSTED
1 Family 318 125.4% 13 -31.6% $103,000 -17.4% $142,100 -8.8% $1,847,000 -37.6%
Condo 145 - 2 - $100,000 - $100,000 - $200,000 -
WOODBURY
1 Family 170 -16.7% 10 -47.4% $322,500 15.2% $331,800 18.9% $3,318,000 -37.4%
Condo 140 -54.7% 6 50.0% $106,500 -43.9% $117,500 -39.9% $705,000 -9.9%
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 20
Middlesex County
Westbrook - www.41MohicanRoad.com
FAIRFIELD
NEW HAVEN
MIDDLESEX NEW LONDON
WINDHAM
TOLLANDHARTFORDLITCHFIELD
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 21
Middlesex County
Middlesex County saw a 16.5% increase in the number of sales year-over-year, increasing total dollar volume by 27.3% for single family homes and 14.25% for condominiums, $88,282,000 and $9,220,000 respectively. The average sale price of single family homes was $315,300, up 12.3%, and the average for condominiums was $156,300, up 18.0%. Median rental prices remained flat at $1,300 per month compared to $1,400 per month across the State.
Q1 2014 339 109
Q4 2013 405 94
Q3 2013 515 76
Q2 2013 540 88
Q1 2013 308 98
Q4 2012 406 114
Q3 2012 520 101
Q2 2012 461 105
Q1 2012 298 116
Number of Sales
Avg. Days on Market
CondominiumsSingle Family
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
SINGLE FAMILY AND CONDO RATIO
0
50000
100000
150000
200000
250000
300000
350000
400000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Aver
age
and
Med
ian
Sale
s Pr
ice
AVERAGE AND MEDIAN SALES PRICE - MIDDLESEX COUNTY ROLL UP
Single Family Condominium Single Family Condominium
AVERAGE AND MEDIAN SALES PRICE
Average Price Single Family
Median Price Single Family
Average Price Condominium
Median Price Condominium
Q1-2014
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Middlesex CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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CHESTER
1 Family 141 -24.3% 12 200.0% $205,000 -35.9% $265,100 -24.8% $3,181,000 125.6%
Condo - - - - - - - - - -
CLINTON
1 Family 206 29.0% 11 -15.4% $270,000 25.6% $326,500 -1.8% $3,592,000 -16.9%
Condo 47 -86.1% 4 300.0% $63,500 -33.2% $72,800 -23.4% $291,000 206.3%
CROMWELL
1 Family 168 13.5% 19 -17.4% $262,500 28.7% $283,500 17.3% $5,386,000 -3.1%
Condo 137 11.4% 19 -9.5% $110,000 -26.7% $159,100 -10.8% $3,023,000 -19.3%
DEEP RIVER
1 Family 110 -37.0% 6 -14.3% $186,700 -11.1% $178,600 -20.3% $1,071,000 -31.7%
Condo - - 0 - - - - - $- -
DURHAM
1 Family 188 42.6% 19 58.3% $260,000 -20.1% $266,600 -21.9% $5,066,000 23.7%
Condo - - 0 - - - - - $- -
EAST HADDAM
1 Family 143 -15.1% 7 -46.2% $325,000 35.4% $318,400 33.8% $2,229,000 -28.0%
Condo - - - - - - - - - -
EAST HAMPTON
1 Family 116 -25.2% 28 40.0% $241,300 14.3% $268,500 17.4% $7,519,000 64.3%
Condo 381 87.0% 4 33.3% $110,000 -3.5% $114,500 9.1% $458,000 45.4%
ESSEX
1 Family 370 58.5% 17 88.9% $645,000 -4.8% $731,300 12.7% $12,431,000 113.0%
Condo 265 203.7% 4 300.0% $263,000 33.2% $221,500 12.2% $886,000 348.6%
HADDAM
1 Family 132 36.0% 8 166.7% $220,000 4.7% $234,300 35.1% $1,874,000 260.4%
Condo - - - - - - - - - -
HIGGANUM
1 Family 178 58.0% 7 40.0% $366,300 11.3% $367,800 33.4% $2,574,000 86.7%
Condo - - - - - - - - - -
IVORYTON
1 Family 245 66.3% 2 -50.0% $307,500 -6.7% $307,500 0.9% $615,000 -49.6%
Condo - - - - - - - - - -
KILLINGWORTH
1 Family 134 -34.1% 13 18.2% $485,000 14.1% $433,800 -1.8% $5,639,000 16.0%
Condo - - - - - - - - - -
MIDDLEFIELD
1 Family 256 42.2% 1 -75.0% $68,000 -78.4% $68,000 -76.4% $68,000 -94.1%
Condo - - - - - - - - - -
MIDDLETOWN
1 Family 162 6.3% 75 13.6% $220,000 11.4% $238,200 13.4% $17,864,000 28.8%
Condo 163 -3.0% 16 -48.4% $120,500 13.7% $119,400 16.9% $1,910,000 -39.7%
MOODUS
1 Family 219 59.2% 4 -50.0% $230,800 18.2% $226,400 27.2% $906,000 -36.4%
Condo - - - - - - - - - -
Q1-2014
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Middlesex CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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OLD SAYBROOK
1 Family 178 19.0% 25 31.6% $318,300 -15.7% $390,200 -6.4% $9,755,000 23.1%
Condo 236 - 5 - $287,500 - $278,200 - $1,391,000 -
PORTLAND
1 Family 236 17.0% 9 -35.7% $220,000 8.0% $220,800 5.7% $1,987,000 -32.1%
Condo 168 114.4% 5 400.0% $172,000 -15.5% $167,100 -17.9% $836,000 310.6%
ROCKFALL
1 Family 186 9.7% 3 -25.0% $267,000 0.0% $293,300 12.3% $880,000 -15.8%
Condo 160 - 1 - $200,000 - $200,000 - $200,000 -
WESTBROOK
1 Family 128 -8.0% 12 50.0% $361,300 30.0% $423,100 31.3% $5,077,000 96.9%
Condo 404 - 1 - $225,000 - $225,000 - $225,000 -
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 24
New Haven County
Milford - www.81MorningsideDrive.com
FAIRFIELD
NEW HAVEN
MIDDLESEX NEW LONDON
WINDHAM
TOLLANDHARTFORDLITCHFIELD
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 25
New Haven County
New Haven County’s real estate market has remained steady in 2014’s first quarter when compared to last year. Total dollar volume in sales reached $219,608,000, down 3.7% for single families and $36,741,000, down 19.9% for condominiums. The average sale price of single family homes was $241,300, up 2.2%, and the average for condominiums was $132,600, down 6.6%. Median rental prices showed a 4.3% increase at $1,200 per month compared to $1,400 per month across the State.
Q1 2014 1187 96
Q4 2013 1801 92
Q3 2013 2205 89
Q2 2013 2010 90
Q1 2013 1289 105
Q4 2012 1684 98
Q3 2012 1928 93
Q2 2012 1816 100
Q1 2012 1154 106
Number of Sales
Avg. Days on Market
CondominiumsSingle Family
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
SINGLE FAMILY AND CONDO RATIO
0
50000
100000
150000
200000
250000
300000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Aver
age
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ian
Sale
s Pr
ice
AVERAGE AND MEDIAN SALES PRICE - NEW HAVEN COUNTY ROLL UP
Single Family Condominium Single Family Condominium
AVERAGE AND MEDIAN SALES PRICE
Average Price Single Family
Median Price Single Family
Average Price Condominium
Median Price Condominium
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 26
New Haven CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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ANSONIA
1 Family 148 9.3% 8 -50.0% $186,000 11.4% $167,900 2.1% $1,343,000 -48.9%
Condo - - 0 - - - - - $- -
BEACON FALLS
1 Family 153 12.0% 10 100.0% $323,500 123.3% $280,800 45.6% $2,808,000 191.2%
Condo 104 -65.7% 3 50.0% $119,000 -25.3% $153,000 -3.9% $459,000 44.1%
BETHANY
1 Family 218 4.2% 3 -70.0% $505,000 43.7% $406,000 12.8% $1,218,000 -66.2%
Condo - - - - - - - - - -
BRANFORD
1 Family 196 0.9% 25 -10.7% $322,000 13.9% $340,400 12.7% $8,510,000 0.7%
Condo 166 -17.4% 29 7.4% $147,000 -5.8% $144,800 -4.8% $4,199,000 2.3%
CHESHIRE
1 Family 155 -5.0% 31 -29.5% $325,000 8.2% $332,400 -1.3% $10,305,000 -30.5%
Condo 189 -8.0% 16 -15.8% $187,800 17.3% $233,400 23.0% $3,734,000 3.5%
DERBY
1 Family 117 -8.2% 9 125.0% $160,000 -34.7% $172,700 -20.0% $1,554,000 80.1%
Condo 140 -14.9% 5 -16.7% $110,000 -19.7% $119,100 -8.2% $596,000 -23.5%
EAST HAVEN
1 Family 154 3.0% 43 43.3% $137,000 -10.3% $154,700 -4.5% $6,652,000 36.9%
Condo 192 75.5% 20 25.0% $100,300 10.8% $119,500 -15.4% $2,391,000 5.8%
GUILFORD
1 Family 144 -25.4% 28 -20.0% $325,000 -13.3% $368,900 -33.6% $10,329,000 -46.9%
Condo 128 -3.5% 6 -25.0% $221,300 24.3% $225,300 7.7% $1,352,000 -19.3%
HAMDEN
1 Family 147 -8.1% 84 12.0% $171,500 -12.1% $189,500 -13.1% $15,922,000 -2.7%
Condo 126 -31.4% 19 -32.1% $75,000 -27.7% $93,100 -16.8% $1,768,000 -43.5%
MADISON
1 Family 175 9.8% 35 -16.7% $435,000 25.6% $506,600 20.5% $17,731,000 0.5%
Condo 169 11.4% 5 25.0% $250,000 -10.2% $313,400 4.5% $1,567,000 30.6%
MERIDEN
1 Family 133 -6.1% 61 -23.7% $137,400 -3.9% $413,000 191.8% $25,192,000 122.5%
Condo 106 -42.5% 22 15.8% $85,000 6.9% $96,300 13.1% $2,119,000 30.9%
MIDDLEBURY
1 Family 187 11.0% 10 -28.6% $340,000 15.8% $357,200 22.1% $3,572,000 -12.8%
Condo 59 - 2 - $421,500 - $421,500 - $843,000 -
MILFORD
1 Family 147 -13.9% 71 2.9% $267,000 7.2% $273,800 -3.7% $19,440,000 -0.9%
Condo 158 14.1% 13 -51.9% $172,000 -1.7% $170,300 -12.2% $2,214,000 -57.7%
NAUGATUCK
1 Family 151 1.1% 34 -34.6% $127,800 -20.9% $133,900 -15.7% $4,554,000 -44.9%
Condo 107 -27.7% 8 -38.5% $55,000 -21.5% $62,200 -18.9% $498,000 -50.1%
NEW HAVEN
1 Family 156 15.1% 52 -20.0% $158,000 24.4% $204,600 22.9% $10,641,000 -1.7%
Condo 211 8.3% 19 -45.7% $90,100 -22.0% $140,900 -8.1% $2,677,000 -50.1%
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 27
New Haven CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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NORTH BRANFORD
1 Family 112 -31.0% 6 -40.0% $216,300 3.0% $229,800 8.6% $1,379,000 -34.8%
Condo 157 70.3% 1 -80.0% $162,000 58.0% $162,000 35.9% $162,000 -72.8%
NORTH HAVEN
1 Family 177 26.7% 32 0.0% $257,500 6.2% $244,900 -7.0% $7,837,000 -7.0%
Condo 238 -71.4% 4 300.0% $260,000 381.5% $243,800 351.4% $975,000 1705.6%
NORTHFORD
1 Family 211 68.9% 7 0.0% $250,000 6.4% $216,800 -9.8% $1,518,000 -9.8%
Condo - - - - - - - - - -
ORANGE
1 Family 150 -31.3% 17 -26.1% $338,000 4.0% $389,400 11.2% $6,620,000 -17.8%
Condo 205 111.7% 1 -83.3% $250,000 -28.0% $250,000 -27.8% $250,000 -88.0%
OXFORD
1 Family 210 18.2% 25 108.3% $303,900 -11.5% $312,300 -5.5% $7,808,000 96.9%
Condo 240 51.3% 2 -50.0% $367,000 6.1% $367,000 5.8% $734,000 -47.1%
PROSPECT
1 Family 140 -28.9% 12 9.1% $290,000 13.8% $266,900 4.5% $3,203,000 14.0%
Condo 207 191.5% 1 0.0% $345,000 44.7% $345,000 44.7% $345,000 44.7%
SEYMOUR
1 Family 165 7.7% 22 46.7% $190,000 21.8% $206,300 18.2% $4,538,000 73.3%
Condo 280 102.5% 2 -75.0% $103,500 68.3% $103,500 24.6% $207,000 -68.9%
SOUTHBURY
1 Family 159 18.6% 19 -13.6% $360,000 12.1% $332,700 3.3% $6,321,000 -10.8%
Condo 123 -35.6% 31 3.3% $107,000 28.9% $118,100 12.4% $3,662,000 16.1%
WALLINGFORD
1 Family 115 -35.1% 55 -19.1% $200,000 -15.3% $209,900 -27.2% $11,544,000 -41.1%
Condo 138 -11.1% 17 -5.6% $145,000 -17.6% $151,400 -20.8% $2,573,000 -25.2%
WATERBURY
1 Family 137 -20.0% 113 14.1% $75,000 -25.0% $85,200 -10.4% $9,625,000 2.3%
Condo 98 -30.8% 34 0.0% $40,700 -33.9% $50,800 -19.4% $1,728,000 -19.4%
WEST HAVEN
1 Family 150 -9.9% 56 -15.2% $147,500 6.9% $152,400 8.6% $8,532,000 -7.9%
Condo 138 -10.8% 15 87.5% $65,000 -31.6% $92,000 -14.6% $1,380,000 60.1%
WOLCOTT
1 Family 139 -42.0% 29 38.1% $165,000 0.0% $197,200 0.8% $5,717,000 39.2%
Condo 312 62.5% 2 0.0% $155,000 -37.4% $155,000 -37.4% $310,000 -37.4%
WOODBRIDGE
1 Family 429 133.4% 13 18.2% $396,900 -2.5% $399,600 -15.5% $5,195,000 -0.1%
Condo - - - - - - - - - -
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 28
New London County
Stonington - www.30ChurchStCT.com
FAIRFIELD
NEW HAVEN
MIDDLESEX NEW LONDON
WINDHAM
TOLLANDHARTFORDLITCHFIELD
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 29
New London County
New London County’s real estate market saw gains in all housing types in the first quarter. Total dollar volume in sales reached $98,987,000, up 9.3% for single families and $7,459,000 for condominiums, up 3.9%. The average sale price of single family homes was $232,900, up 7.7%, and the average for condominiums was $126,400, down 20.7%. Median rental prices showed a 4.2% increase at $1,250 per month versus $1,400 per month across the State.
Q1 2014 484 102
Q4 2013 686 96
Q3 2013 767 96
Q2 2013 768 100
Q1 2013 464 111
Q4 2012 603 115
Q3 2012 659 108
Q2 2012 651 117
Q1 2012 475 118
Number of Sales
Avg. Days on Market
CondominiumsSingle Family
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
SINGLE FAMILY AND CONDO RATIO
0
50000
100000
150000
200000
250000
300000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Aver
age
and
Med
ian
Sale
s Pr
ice
AVERAGE AND MEDIAN SALES PRICE - NEW LONDON COUNTY ROLL UP
Single Family Condominium Single Family Condominium
AVERAGE AND MEDIAN SALES PRICE
Average Price Single Family
Median Price Single Family
Average Price Condominium
Median Price Condominium
Q1-2014
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New London CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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BALTIC
1 Family 230 107.5% 7 250.0% $209,000 -9.5% $173,600 -24.8% $1,216,000 163.1%
Condo - - - - - - - - - -
BOZRAH
1 Family 135 -19.9% 5 -28.6% $125,000 -28.2% $146,600 -13.2% $733,000 -38.0%
Condo - - - - - - - - - -
COLCHESTER
1 Family 138 -20.7% 24 -4.0% $219,200 16.6% $221,100 11.7% $5,307,000 7.2%
Condo 760 758.8% 2 -50.0% $219,500 -13.1% $219,500 -8.1% $439,000 -54.0%
EAST LYME
1 Family 161 -27.5% 11 -21.4% $358,000 10.9% $347,100 -3.2% $3,819,000 -24.0%
Condo - - - - - - - - - -
GALES FERRY
1 Family 152 17.0% 21 75.0% $183,000 -8.6% $174,500 -19.6% $3,664,000 40.7%
Condo - - - - - - - - - -
GRISWOLD
1 Family 125 -28.1% 20 11.1% $85,700 -38.1% $115,800 -12.1% $2,315,000 -2.4%
Condo 48 -69.6% 3 200.0% $30,000 -22.1% $31,700 -17.7% $95,000 146.8%
GROTON
1 Family 182 18.7% 33 17.9% $159,900 0.9% $285,000 63.4% $9,405,000 92.6%
Condo 106 -30.1% 11 120.0% $70,000 -33.3% $79,900 -37.1% $879,000 38.4%
LEBANON
1 Family 193 0.5% 16 6.7% $176,000 -30.5% $207,600 -7.5% $3,321,000 -1.4%
Condo - - - - - - - - - -
LEDYARD
1 Family 130 -11.6% 25 -10.7% $180,000 15.2% $204,900 2.0% $5,123,000 -8.9%
Condo - - - - - - - - - -
LISBON
1 Family 129 -48.0% 7 -12.5% $84,900 -60.9% $161,200 -31.9% $1,128,000 -40.4%
Condo - - - - - - - - - -
LYME
1 Family 210 39.2% 4 -42.9% $848,800 40.3% $865,600 25.4% $3,463,000 -28.4%
Condo - - - - - - - - - -
MYSTIC
1 Family 159 -22.1% 23 -4.2% $293,000 25.2% $433,400 73.4% $9,969,000 66.1%
Condo 301 37.7% 1 -80.0% $123,500 -50.6% $123,500 -40.1% $124,000 -88.0%
NEW LONDON
1 Family 153 -12.2% 19 0.0% $83,000 -27.8% $130,700 4.8% $2,483,000 4.8%
Condo 144 -18.9% 5 -16.7% $173,500 98.4% $197,900 86.9% $990,000 55.8%
NIANTIC
1 Family 157 17.5% 21 10.5% $247,000 6.5% $320,300 27.2% $6,726,000 40.6%
Condo 130 -44.5% 8 33.3% $197,200 -39.8% $200,200 -25.2% $1,602,000 -0.2%
NORTH STONINGTON
1 Family 146 -58.6% 9 80.0% $198,500 15.4% $185,800 -12.5% $1,672,000 57.6%
All Sales 146 -58.6% 9 80.0% $198,500 15.4% $185,800 -12.5% $1,672,000 57.6%
Q1-2014
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New London CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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NORWICH
1 Family 151 -9.0% 57 21.3% $95,000 5.6% $111,600 11.3% $6,360,000 35.0%
Condo 110 -36.3% 15 114.3% $109,000 -24.8% $98,100 -18.2% $1,471,000 75.3%
OAKDALE
1 Family 218 35.4% 10 -58.3% $184,000 -9.6% $176,600 -5.9% $1,766,000 -60.8%
Condo 71 -47.0% 1 0.0% $42,000 -14.3% $42,000 -14.3% $42,000 -14.3%
OLD LYME
1 Family 194 6.1% 22 46.7% $360,000 -14.3% $480,900 11.2% $10,579,000 63.0%
Condo - - - - - - - - - -
PAWCATUCK
1 Family 118 -10.3% 6 -68.4% $230,800 10.9% $246,200 -3.2% $1,477,000 -69.4%
Condo 68 -83.9% 2 100.0% $176,800 -24.8% $176,800 -24.8% $354,000 50.4%
PRESTON
1 Family 171 -8.1% 7 -46.2% $95,000 -57.6% $144,100 -34.5% $1,009,000 -64.7%
Condo - - - - - - - - - -
QUAKER HILL
1 Family 192 -5.6% 3 -40.0% $235,900 24.2% $190,800 4.8% $572,000 -37.1%
Condo 180 -53.5% 3 200.0% $229,900 15.0% $223,200 11.7% $670,000 235.0%
SALEM
1 Family 217 66.2% 5 -28.6% $240,000 14.3% $227,700 1.1% $1,139,000 -27.8%
Condo 114 38.2% 1 -50.0% $24,500 -38.7% $24,500 -38.7% $25,000 -69.4%
STONINGTON
1 Family 333 5.0% 8 -27.3% $372,000 11.0% $525,600 51.8% $4,205,000 10.4%
Condo 350 - 2 - $185,000 - $185,000 - $370,000 -
UNCASVILLE
1 Family 107 -34.3% 19 35.7% $140,000 -15.0% $141,100 -15.6% $2,680,000 14.6%
Condo 132 - 3 - $48,000 - $49,300 - $148,000 -
VOLUNTOWN
1 Family 267 54.9% 9 200.0% $240,000 9.1% $219,400 -9.8% $1,974,000 170.6%
Condo - - - - - - - - - -
WATERFORD
1 Family 156 -0.5% 31 19.2% $180,000 -3.7% $207,700 -8.1% $6,440,000 9.6%
Condo 90 -24.4% 2 -33.3% $126,300 35.0% $126,300 32.9% $253,000 -11.4%
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 32
Tolland County
Tolland - www.1MonticelloCircle.com
FAIRFIELD
NEW HAVEN
MIDDLESEX NEW LONDON
WINDHAM
TOLLANDHARTFORDLITCHFIELD
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 33
Tolland County
Tolland County’s condominium market saw healthy growth in the first quarter. Total dollar volume in sales reached $47,460,000, up 6.0% for single families and $5,349,000 for condominiums, up 92.9% when compared to First Quarter 2013. The average sale price of single family homes was $227,100, up 1.5%, and the average for condominiums was $172,600, up 36.9%. Median rental prices showed a 4.3% increase at $1,200 per month versus $1,400 per month across the State.
Q1 2014 240 104
Q4 2013 326 94
Q3 2013 451 67
Q2 2013 381 95
Q1 2013 222 94
Q4 2012 335 94
Q3 2012 369 86
Q2 2012 376 94
Q1 2012 197 108
Number of Sales
Avg. Days on Market
CondominiumsSingle Family
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
SINGLE FAMILY AND CONDO RATIO
0
50000
100000
150000
200000
250000
300000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Aver
age
and
Med
ian
Sale
s Pr
ice
AVERAGE AND MEDIAN SALES PRICE - TOLLAND COUNTY ROLL UP
Single Family Condominium Single Family Condominium
AVERAGE AND MEDIAN SALES PRICE
Average Price Single Family
Median Price Single Family
Average Price Condominium
Median Price Condominium
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 34
Tolland CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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AMSTON
1 Family 136 8.5% 7 40.0% $138,000 10.4% $131,500 -43.1% $920,000 -20.3%
Condo - - - - - - - - - -
ANDOVER
1 Family 213 -8.8% 2 -66.7% $207,000 -28.6% $207,000 -22.7% $414,000 -74.2%
Condo - - - - - - - - - -
BOLTON
1 Family 152 -22.9% 14 75.0% $258,800 14.0% $296,700 19.0% $4,153,000 108.2%
Condo - - - - - - - - - -
COLUMBIA
1 Family 257 18.0% 4 -55.6% $240,200 51.1% $230,000 34.7% $920,000 -40.1%
Condo - - - - - - - - - -
COVENTRY
1 Family 154 -8.9% 37 76.2% $219,000 37.7% $215,400 15.5% $7,969,000 103.5%
Condo 659 113.3% 1 0.0% $192,400 -0.5% $192,400 -0.5% $192,000 -0.5%
ELLINGTON
1 Family 140 -4.1% 14 -22.2% $320,500 25.7% $399,500 31.5% $5,593,000 2.3%
Condo 158 141.8% 5 150.0% $111,900 5.1% $164,000 54.0% $820,000 284.9%
HEBRON
1 Family 202 138.3% 6 50.0% $287,500 31.3% $269,700 -5.1% $1,618,000 42.4%
Condo 173 - 4 - $276,700 - $257,800 - $1,031,000 -
MANSFIELD CENTER
1 Family 233 11.9% 7 16.7% $125,000 -29.2% $132,100 -39.9% $925,000 -29.9%
Condo 72 -50.7% 2 100.0% $209,500 58.1% $209,500 58.1% $419,000 216.2%
SOMERS
1 Family 155 1.0% 15 -31.8% $262,500 -7.8% $279,100 -3.5% $4,186,000 -34.2%
Condo 157 15.9% 1 -50.0% $145,000 -61.3% $145,000 -61.3% $145,000 -80.6%
STAFFORD SPRINGS
1 Family 179 6.9% 23 15.0% $147,500 -20.2% $143,100 -23.5% $3,291,000 -12.0%
Condo 198 13.5% 1 -83.3% $113,000 15.3% $113,000 14.7% $113,000 -80.9%
STORRS MANSFIELD
1 Family 136 -4.6% 11 120.0% $269,000 13.5% $272,900 14.2% $3,002,000 151.2%
Condo - - - - - - - - - -
TOLLAND
1 Family 161 6.9% 24 -22.6% $229,900 2.6% $260,400 0.7% $6,250,000 -22.1%
Condo 1133 - 1 - $406,200 - $406,200 - $406,000 -
UNION
1 Family 220 103.7% 1 -66.7% $213,000 -4.9% $213,000 -8.4% $213,000 -69.5%
Condo - - - - - - - - - -
VERNON
1 Family 221 50.0% 36 0.0% $181,000 14.1% $181,500 16.9% $6,533,000 16.9%
Condo 172 44.2% 14 55.6% $105,000 50.0% $136,400 47.6% $1,910,000 129.6%
WILLINGTON
1 Family 124 34.5% 7 16.7% $203,000 32.0% $200,400 17.0% $1,403,000 36.5%
Condo 80 - 1 - $168,000 - $168,000 - $168,000 -
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 35
Windham County
Woodstock - www.66MillBrookLane.com
FAIRFIELD
NEW HAVEN
MIDDLESEX NEW LONDON
WINDHAM
TOLLANDHARTFORDLITCHFIELD
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 36
Windham County
Windham County’s real estate market remained stable in the first quarter of the year. Total dollar volume in sales showed consistency year-over-year reaching $26,922,000 for single families. Average prices of single family homes was $159,300, up 2.9%, and averages for condominiums was $127,900, up 13.2%. Median rental prices increased to $1,200 per month versus $1,400 per month across the State.
Q1 2014 185 99
Q4 2013 265 107
Q3 2013 293 95
Q2 2013 285 93
Q1 2013 182 106
Q4 2012 246 112
Q3 2012 266 101
Q2 2012 245 94
Q1 2012 160 119
Number of Sales
Avg. Days on Market
CondominiumsSingle Family
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
Q1 2013
Single Family Condominium
Q1 2014
Single Family Condominium
SINGLE FAMILY AND CONDO RATIO
0
20000
40000
60000
80000
100000
120000
140000
160000
180000
Q1 2012 Q2 2012 Q3 2012 Q4 2012 Q1 2013 Q2 2013 Q3 2013 Q4 2013 Q1 2014
Aver
age
and
Med
ian
Sale
s Pr
ice
AVERAGE AND MEDIAN SALES PRICE - WINDHAM COUNTY ROLL UP
Single Family Condominium Single Family Condominium
AVERAGE AND MEDIAN SALES PRICE
Average Price Single Family
Median Price Single Family
Average Price Condominium
Median Price Condominium
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 37
Windham CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
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ASHFORD
1 Family 173 1.2% 7 -12.5% $145,000 -21.9% $180,200 -10.0% $1,261,000 -21.3%
Condo - - - - - - - - - -
BROOKLYN
1 Family 137 -31.9% 21 40.0% $150,000 -29.4% $158,700 -17.3% $3,334,000 15.7%
Condo 623 - 2 - $241,800 - $241,800 - $484,000 -
CANTERBURY
1 Family 110 -43.6% 8 0.0% $162,000 -3.9% $212,100 14.6% $1,697,000 14.6%
Condo - - - - - - - - - -
CHAPLIN
1 Family 185 -26.1% 2 -33.3% $85,000 -59.5% $85,000 -61.5% $170,000 -74.4%
Condo - - - - - - - - - -
DANIELSON
1 Family 131 -20.7% 22 0.0% $142,500 15.7% $148,800 22.4% $3,274,000 22.4%
Condo 58 -85.3% 1 -50.0% $55,000 -52.0% $55,000 -52.0% $55,000 -76.0%
DAYVILLE
1 Family 225 42.3% 9 50.0% $126,000 -17.8% $136,000 -13.4% $1,224,000 29.9%
Condo 431 - 3 - $145,000 - $142,800 - $428,000 -
EASTFORD
1 Family 163 12.0% 3 200.0% $144,900 -30.7% $153,600 -26.5% $461,000 120.5%
Condo - - - - - - - - - -
HAMPTON
1 Family 375 213.5% 3 50.0% $228,000 8.8% $204,200 -2.5% $613,000 46.2%
Condo - - - - - - - - - -
MOOSUP
1 Family 160 2.2% 9 -10.0% $147,500 -1.0% $156,700 3.8% $1,410,000 -6.6%
Condo - - - - - - - - - -
NORTH GROSVENORDALE
1 Family 132 -7.9% 6 100.0% $134,000 135.1% $144,300 47.7% $866,000 195.4%
Condo 39 - 1 - $114,900 - $114,900 - $115,000 -
NORTH WINDHAM
1 Family 102 -59.6% 5 0.0% $78,000 -4.9% $83,100 13.3% $415,000 13.3%
Condo - - - - - - - - - -
PLAINFIELD
1 Family 127 14.1% 15 7.1% $145,000 75.8% $147,600 27.6% $2,214,000 36.7%
Condo 87 1.2% 2 100.0% $75,000 -51.3% $75,000 -51.3% $150,000 -2.6%
POMFRET CENTER
1 Family 140 -27.7% 4 -50.0% $219,000 22.0% $196,800 -6.9% $787,000 -53.4%
Condo 120 - 1 - $51,500 - $51,500 - $52,000 -
PUTNAM
1 Family 171 -16.3% 16 33.3% $153,800 36.7% $163,300 48.3% $2,613,000 97.8%
Condo 185 338.9% 3 50.0% $136,000 43.2% $134,500 41.7% $404,000 112.5%
STERLING
1 Family 130 36.4% 9 12.5% $140,000 55.3% $171,200 4.5% $1,541,000 17.5%
Condo - - - - - - - - - -
Q1-2014
BACK TO TABLE OF CONTENTS • bhhsNEproperties.com CT MARKET REPORT • 38
Windham CountyDAYS ON MARKET SALES MEDIAN SALES PRICE AVERAGE SALES PRICE DOLLAR VOLUMEQTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
QTR 12014
%CHG13-14
THOMPSON
1 Family 60 -64.0% 4 -42.9% $150,100 -6.2% $131,000 -13.4% $524,000 -50.5%
Condo - - - - - - - - - -
WILLIMANTIC
1 Family 152 21.9% 12 -36.8% $116,500 7.9% $117,300 7.9% $1,408,000 -31.9%
Condo 205 91.6% 1 0.0% $103,000 -1.9% $103,000 -1.9% $103,000 -1.9%
WINDHAM
1 Family 221 -53.8% 1 -66.7% $60,000 -69.2% $60,000 -64.7% $60,000 -88.2%
Condo - - - - - - - - - -
WOODSTOCK
1 Family 86 -47.6% 10 -41.2% $203,000 -4.7% $238,000 3.3% $2,380,000 -39.2%
Condo 176 - 2 - $128,100 - $128,100 - $256,000 -
WOODSTOCK VALLEY
1 Family 128 -48.5% 1 -66.7% $275,000 69.2% $275,000 83.9% $275,000 -38.7%
Condo - - - - - - - - - -