Wednesday, June 30, 2010

2nd Quarters Numbers are in for New Canaan


Mixed Results (Residential Only)

2010
Average Selling Price  $1,677,032 (Drop of 6%)
Days on Market          218
List to Sell Ratio          93%
Number of Closings     81(Increase of 39%)

2009
Average Selling Price  $1778,610
Days on Market          210
List to Sell Ratio          93%
Number of Closings     50

The good news is that there is real activity with a large increase of sales over last year and an additional 51 pending contracts which will shortly be closed sales. However, prices continued to decline another 6% over this first half of 2010, indicating less stabiltiy before growth. Call me to discuss

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