MARKET REPORTS
"How is the real estate market lately?" You hear this all the time and if you ask ten agents around New Canaan you might get ten answers depending on whether those agents are busy or having success. However, the TRUTH can be gotten from studying the historical data on what is selling and how that compares with prior periods.
Our most recent Statistical Market Overview, shows, for example, that for the last 8 months compared to the same period a year ago:
Our Weekly Market Report provides a hot sheet of new properties to the market, recent price changes and sales.
Our Statistical Market Overview features graphs of the New Canaan market, including Absorption Rate, Average Price, Days on Market and List Price to Sale Price ratios. These reports show the historical averages for the New Canaan market over the past year and are helpful in spotting trends and answering the question "where has the market been and where is the market going."
Historical Sales Data and the Monthly Sales Report shows sales per month, organized by property value.
Should you be interested in learning about our most detailed reports geared to specific property types and price ranges, please contact us at 203.966.3507.
Or, for instant access to these reports, fill out the form below and these reports will be automatically e-mailed within minutes to your email address.
Our most recent Statistical Market Overview, shows, for example, that for the last 8 months compared to the same period a year ago:
- Total sales of single family homes is up 13%, from 171 to 193.
- The median list price is up about 3% from a year ago, from $1.695 to $1.749 million.
- The average sale price is up 8% from a year ago, from $1.693 to $1.843 million.
- The median sale price is up 3% from a year ago, from $1.450 to $1.500 million. (A few odd sales can affect an average and affects the median less so.)
- In the category over $3 million, 29 homes sold in 2011 versus only 16 houses were sold at this point in 2010.
- The average days on market is down 15%, from 209 to 176.
- The median days on market is down 8%, from 132 to 121. (Again, a few bad apples can skew an average. We use median to reduce the importance of outliers.)
Our Weekly Market Report provides a hot sheet of new properties to the market, recent price changes and sales.
Our Statistical Market Overview features graphs of the New Canaan market, including Absorption Rate, Average Price, Days on Market and List Price to Sale Price ratios. These reports show the historical averages for the New Canaan market over the past year and are helpful in spotting trends and answering the question "where has the market been and where is the market going."
Historical Sales Data and the Monthly Sales Report shows sales per month, organized by property value.
Should you be interested in learning about our most detailed reports geared to specific property types and price ranges, please contact us at 203.966.3507.
Or, for instant access to these reports, fill out the form below and these reports will be automatically e-mailed within minutes to your email address.
