Looking at unit sales and the average sale price for single family homes in Westport, Weston and Fairfield, there appeared to be a similar trend across the three markets as of the end of September. Unit sales were down, but the average sale price was up.
In Westport, there were 26 sales in September which was down from 39 from last year and 50 in the previous month. Year to date sales were 291, down 19.6% from 362 last year at this time. However the average sale price in September was $1,510,448 which was up 5.7% from last September. So far this year, the average sale price was $1,566,866 which was 1.9% higher than last year.
There were 54 sales in Fairfield in September which was well below the 77 units in August but just 1.8% below the 55 sales in September 2013. Year-to-date sales were down 7.6% with 523 vs. 566 last year. Prices followed a very similar trend to Westport with the year over year value up 5.9% for the month of September and just a slight increase of 1.6% for the year to date average sale price of $723,563.
Weston had the most significant reduction in unit sales of the three towns in the month of September but showed a better tally for the year to date. With seven sales in September compared to 16 the previous year and 21 in August, the good news was that for the year to date, sales were down just 11.6% (122 vs. 138). The average price for sales in September was down slightly from August and down 12.8% from last September but followed the trend of the other two towns for the year to date average price, with a small increase over 2013 of 1.8%, resulting in $882,423.
Let’s wait and see if the activity catches up to last year. Tell all your friends that are thinking about moving to go ahead and do it! In the meantime, click to see a table of all the Housing Market Numbers each month from 2013 to 2014 through September.
If you would like specific market numbers on a neighborhood near you, just send a request below, and I’ll be happy to provide you with the information.