Life in Newtown, CT

Newtown, CT Real Estate Comparison 2016 vs 2015

Newtown, CT Real Estate Comparison 2016 vs 2015  Every year in January, we post a comparison of real estate statistics for the year that just ended and the year prior.  This year we are comparing 2016 to 2015.  All data is for Single Family Homes and is from the multiple listing service (MLS)

We changed up the format somewhat.  What do you think?

 

2015 2016 Change +/-
# of Sales 356 # of Sales 413 + 56
Median Sale Price $366,000 Median Sale Price $380,000 + 3.68%
Average Sale Price $383,534 Average Sale Price $397,322 + 3.47%
Days on Market  163 Days on Market  172 + 9 days
Volume $136,538,212 Volume $164,094,185 + $27,555,973

 

You can easily see that there were pluses in all categories in 2016.   The average sale price is up almost 3.5% and the median price showed an increase, too.  The number of sales and the sales volume both increased significantly, but it took a little longer to sell a home in 2016.

Here are 6 facts that are not reflected in the table above:

  1. 18 new construction homes sold in Newtown in 2016.  7 sold in 2015.
  2. 2 homes listed over $1 million sold in 2016.  4 sold in 2015.
  3. The least expensive home that sold in 2016 was $17,300.  In 2015, it was $15,900.
  4. 41 foreclosures sold in 2016.  40 sold in 2015.
  5. 12 short sales sold in 2016.  14 sold in 2015.
  6. Sale price/list price ratio for all homes sold was 97% in 2016.  It was 96% in 2015.
  7. Home prices compressed somewhat in 2016 as compared to 2015.  The upper end prices came down and the lower end prices came up.

There are many signs that the real estate market in Newtown improved in 2016.

Lets hope that what we saw in the Newtown, CT Real Estate Comparison 2016 vs 2015 carries over into 2017.

 

The Wards & Riley, the Real Estate DogBob and Richelle Ward
Coldwell Banker Residential Brokerage
Bob's Cell: 203 470-9818  l  Richelle's Cell: 203 470-9819
Email: wardteam@cbmoves.com
Facebook  l  Website  l  Blog

Comment balloon 4 commentsBob and Richelle Ward • January 18 2017 12:45PM
Newtown, CT Real Estate Comparison 2016 vs 2015
share
Newtown, CT Real Estate Comparison 2016 vs 2015 Every year in January, we post a comparison of real estate statistics for the year that just ended and the year prior. This year we are comparing 2016 to 2015. All data is for Single Family Homes… more
Half Year Real Estate Market Report - Newtown, CT 2015 vs 2016
share
Half Year Real Estate Market Report - Newtown, CT 2015 vs 2016 - Wow! Half of the year has already passed and you probably want to know "How is the local real estate market performing? " (Well, people ALWAYS want to know THAT, but it's a… more
Newtown, CT: A Real Estate Comparison 2014 vs 2015
share
Newtown, CT: A Real Estate Comparison 2014 vs 2015 Well, Happy New Year! It's time for our annual comparison of the past 2 years of real estate values in Newtown, CT. As in past years, we are going to start with the median sale price and the… more
Market Update for Newtown, CT as of 4/20/2015
share
Market Update for Newtown, CT as of 4/20/2015 We have been out showing homes to buyers who can purchase in the $300, 000's. Recently, we've had quite a few of these buyers and it seems to us that the market in this price range is moving well. Have… more
Market Update for Newtown, CT as of 3/16/15
share
Market Update for Newtown, CT as of 3/16/15 Here is a comparison of the closed single family home sales in Newtown, CT for both February 2014 and February 2015: Closed Sales February 2014 Units Sold - 21 Average Days on Market -… more
Real Estate Comparison 2013 vs 2014 for Newtown, CT
share
Real Estate Comparison 2013 vs 2014 for Newtown, CT We are little late in posting this information, but here it is. We like to compare and contrast real estate performance for the end of the most recent year as compared to the prior year. This… more
Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013
share
Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013 As Realtors, we are always looking to see how our local real estate market is performing. The best way for us to do this is to compare it against the same time frame of the prior… more
Newtown, CT Real Estate Market Update - As of May 7, 2014
share
Newtown, CT Real Estate Market Update - As of May 7, 2014 The public - once finding out that we are Realtors - always asks us how the market is doing. We've just compiled the information for Real Estate Market Update for Newtown, CT We have… more
Newtown, CT Real Estate Market Statistics 2012 vs 2013
share
Newtown, CT Real Estate Market Statistics 2012 vs 2013 Being professional Realtors, it's no surprise that people ask us "How's the market doing? Any better? ". We always have a finger on the pulse of our local market and know what is… more
Real Estate Market Update for Newtown, CT - 4/15/13
share
Real Estate Market Update for Newtown, CT - 4/15/13 The second quarter of the year has just begun and we thought it time to provide you with a real estate market update. Here we go! 235 homes actively listed for sale in Newtown -… more