Q2 REPORTMARKET DARIEN • ROWAYTON • NEW CANAAN
EASTLAGRANGEVILLEDUTCHESSFISHKILLBREWSTERSPRINGCOLD CHAPPAQUASOMERS IRVINGTONARDSLEYBRIARCLIFFMANOR PLAINSWHITE NEW ROCHELLE YORKTOWN BEDFORD/POUND RIDGE SCARSDALE LARCHMONT BRONXVILLE YONKERSWESTCHESTERPUTNAMARMONKRYEKATONAHPELHAMMILLBROOKFAIRFIELD RHINEBECK GREENWICH DARIEN ROWAYTONRIVERSIDENEW CANAAN CROTON-ONHUDSON �,���+ AGENTS. ONE SIMPLE MISSION. We hire the best agents in the business. Each brings a wealth of knowledge and expertise about their local communities. Each has their own style. What every agent shares is a commitment to service and Houlihan Lawrence’s legacy of leadership. WHITE GLOVE SERVICE. LOCAL EXPERTISE. A PASSION FOR GETTING RESULTS.
The real estate market in Darien, New Canaan and Rowayton was greatly impacted as a result of the COVID-19 pandemic in the second quarter of 2020. Consequently, Q2-2021 vs. Q2-2020 percent gains cited in this report may render a skewed analysis.
Liz PresidentNunanand CEO
Despite easing pandemic fears and a gentle return to “normal,” buyers continued to stream into Darien, New Canaan and Rowayton in unprecedented numbers.
Despite record-low levels of inventory, today’s buyers are savvy and are reluctant to pay a price which cannot be justified with comparable sales data. As the current “seller’s market” matures, wise sellers will price their homes appropriately to appeal to today’s educated, more disciplined, buyer.
During the second quarter of 2021, home sales in all local markets continued at record-setting levels.
As of June 30, 2021, the number of homes sold in Darien, New Canaan and Rowayton outpaced the first half of 2020 by 51%, 94%, and 35% respectively. The result of these record-breaking sales is a similarly record-breaking shortage of inventory. Put simply, the supply of homes for sale in our markets has been unable to keep pace with the incredible demand. As of June 30, the number of homes for sale in Darien, New Canaan and Rowayton is down 66%, 45% and 63% versus the same date last year. As one would expect, these market dynamics have led to price increases in our communities. However, these price increases seem fairly measured and orderly given the peak level of sales activity.
QUARTER 2021 EXECUTIVE
SECOND SUMMARY
As the flurry of spring gives way to summer’s more relaxed pace, we are mindful of how fortunate we are to call this area home. Darien, New Canaan and Rowayton continue to appeal to homebuyers because of the very special lifestyle we enjoy. We wish everyone a restful and safe summer.
HOULIHANLAWRENCE.COM 2021Q2 2020Q2 CHANGE% YTD 2021 YTD 2020 CHANGE% Homes Sold F ull Year Homes Sold Year -to-dat e PRICSALESMEDIANE SOLDHOMESOFNUMBER 0 $1,200$900,$600,$300,000000000,000$1,500,000 5040030200100000 2014 2015 2016 2017 2018 2019 2020 2021ytd20132012 270 277 268 286 250 305 262 276 437 darien 124 539 $1,200,000 $1,350,000 $1,462,247 $1,442,500 $1,350,000 $1,425,000 $1,350,000 $1,240,000 $1,425,000 $1,437,500 122 117 125 128 138 123 133 152 229 DARIEN TEN-YEAR MARKET HISTORY to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice QUARTERLY MARKET OVERVIEW HOMES MEDIANSOLDSALE PRICE AVERAGE SALE PRICE AVERAGE PRICE/ SQUARE FOOT DAYS ON MARKET % SALE PRICE TO LIST PRICE $1,635,000165$1,904,316$51275100.91% $1,262,50092$1,494,107$42414695.30% -48.63%20.66%29.50%79.35%27.46%5.89% NEWYORK NEW CANAANDARIEN ROWAYTON STAMFORD NORWALKWILTON to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice$1,478,314$44912095.38% $1,618,805$46812396.79% $1,619,782$47510997.46% $1,705,979$50410596.85% $1,673,647$49011096.67% $1,676,744$47712696.44% $1,603,743$45912295.59% $1,534,435$42914795.14% $1,655,525$44712497.07% $1,801,106$4968499.91%
$1,437,500229$1,801,106$4968499.91% $1,250,000152$1,440,967$42215595.59% -45.81%50.66%15.00%24.99%17.46%4.52%
HOULIHANLAWRENCE.COM AS OF JUNE 30, �0�1 AS OF JUNE 30, �0�0 �0�1 vs. �0�0 6/30/211/1/21- 6/30/201/1/20- %CHANGE2021/2020 6/30/217/1/20- 6/30/207/1/19- %CHANGE DARIEN *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 161502817467 LISTINGSSUPPLY:ACTIVE 22181211817123 DEMAND:PENDINGSALES 002111112 DEMANDSUPPLY/RATIO* Market Totals 75 94 1 SUPPLY/DEMAND ANALYSIS 4050301113818239 LISTINGSSUPPLY:ACTIVE 20615156850 DEMAND:PENDINGSALES 62133338 Not Valid DEMANDSUPPLY/RATIO* 220 66 3 CHANGE%LISTINGSIN CHANGE% PENDINGSIN -100.00%-81.80%-73.33%-70.00%-55.33%-77.80%-73.90%-60.00%-22.20% 140.00%140.00%-83.30%0.00%-10.00%46.67%33.30%112.50%0.00% -65.90% 42.40% Source: SMLS Darien, Single Family Homes, Sold SOLD PROPERTIES Market Totals 229 152 50.70% PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 7012331411727271 309851299880 Not-62.50%33.33%3.30%37.33%41.40%88.90%237.50%237.50%Valid 103153253724853513 64121793532215125 -40.00%325.00%-75.00%47.10%12.50%64.50%94.33%118.20%253.33% YEAR-TO-DATE 511 293 74.40% YEAR-OVER-YEAR
HOULIHANLAWRENCE.COM 2021Q2 2020Q2 CHANGE% YTD 2021 YTD 2020 CHANGE% ROWAYTON TEN-YEAR MARKET HISTORY to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice QUARTERLY MARKET OVERVIEW to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice NEWYORK NEW CANAANDARIEN ROWAYTON STAMFORD NORWALKWILTON $1,245,525$45411993.92% $1,135,079$3749995.18% $1,340,895$43911797.00% $1,273,027$43513695.60% $1,337,149$46414595.44% $1,379,318$45910995.08% $1,273,418$4469296.74% Homes Sold F ull Year Homes Sold Year -to-dat e PRICSALESMEDIANE SOLDHOMESOFNUMBER 0 $1,200$900,$600,$300,000000000,000$1,500,000 5040030200100000 2014 2015 2016 2017 2018 2019 2020 2021ytd20132012 59 69 76 74 82 87 69 84 116 rowayton 34 135 $1,010,000 $878,300 $979,750 $1,187,500 $1,205,000 $1,325,000 $975,000 $1,207,750 $1,217,000 $1,577,000 37 37 34 42 41 32 35 37 50 $1,276,696$43913996.13% $1,345,651$45311097.60% $1,647,568$50691100.51% HOMES MEDIANSOLDSALE PRICE AVERAGE SALE PRICE AVERAGE PRICE/ SQUARE FOOT DAYS ON MARKET % SALE PRICE TO LIST PRICE $1,637,50030$1,734,375$51384101.61% $1,168,75020$1,139,625$48013596.75% 50.00%40.11%52.19%6.70%-37.78%5.02% $1,577,00050$1,647,568$50691100.51% $1,070,00037$1,074,638$42914195.76% -35.46%18.04%47.38%35.14%53.31%4.96%
HOULIHANLAWRENCE.COM AS OF JUNE 30, �0�1 AS OF JUNE 30, �0�0 �0�1 vs. �0�0 6/30/211/1/21- 6/30/201/1/20- %CHANGE2021/2020 6/30/217/1/20- 6/30/207/1/19- %CHANGE ROWAYTON SUPPLY/DEMAND ANALYSIS Source: SMLS, Rowayton, Single Family Homes, Sold *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 013442142 LISTINGSSUPPLY:ACTIVE 000026251 DEMAND:PENDINGSALES Not Valid Not 022Valid1 Not 4Valid Not Valid DEMANDSUPPLY/RATIO* Market Totals 21 16 1 16157198010 LISTINGSSUPPLY:ACTIVE 000014411 DEMAND:PENDINGSALES Not Valid Not NotNot15Valid42Valid01Valid DEMANDSUPPLY/RATIO* 57 11 5 CHANGE%LISTINGSIN CHANGE% PENDINGSIN -100.00%-85.70%-80.00%-75.00%-55.60%-75.00%0.00%300.00%0.00% -100.00%100.00%0.00%0.00%50.00%-50.00%0.00%0.00%0.00% -63.20% 45.50% SOLD PROPERTIES Market Totals 50 37 35.10% PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 1261888250 1437750100 NotNotNot140.00%-42.90%-66.67%-14.33%14.33%Valid100.00%ValidValid 35271222717381 2416515161230 1600.00%-60.00%-25.00%80.00%37.50%68.80%50.00%166.67%NotValid YEAR-TO-DATE 130 82 58.50% YEAR-OVER-YEAR
HOULIHANLAWRENCE.COM 2021Q2 2020Q2 CHANGE% YTD 2021 YTD 2020 CHANGE% NEW CANAAN QUARTERLY MARKET OVERVIEW NEWYORK NEW CANAANDARIEN ROWAYTON STAMFORD NORWALKWILTON TEN-YEAR MARKET HISTORY to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice to%OnDaysPerAverageSaleAveragePricePriceSquareFootMarketSalePriceListPrice$1,613,791$39513294.24% $1,661,172$38912395.55% $1,929,472$39012295.81% $1,783,190$40712696.14% $1,770,026$35614894.63% $1,713,202$35514794.72% $1,628,161$34213893.80% Homes Sold F ull Year Homes Sold Year -to-dat e PRICSALESMEDIANE SOLDHOMESOFNUMBER 0 $1,200$900,$600,$300,000000000,000$1,500,000$1,800,000 7060504003020010000000 2014 2015 2016 2017 2018 2019 2020 2021ytd20132012 209 277 250 251 194 255 217 248 390 new canaan 82 618 $1,322,500 $1,425,000 $1,662,500 $1,517,500 $1,447,500 $1,475,000 $1,341,500 $1,238,750 $1,399,500 $1,731,250 124 109 121 105 127 97 112 122 236 $1,424,860$31716493.42% $1,670,517$33713796.07% $2,002,357$3919999.15% HOMES MEDIANSOLDSALE PRICE AVERAGE SALE PRICE AVERAGE PRICE/ SQUARE FOOT DAYS ON MARKET % SALE PRICE TO LIST PRICE $1,850,000153$2,104,390$40587100.08% $1,270,00078$1,573,008$31916894.85% -48.21%26.88%45.67%96.15%33.78%5.51% $2,002,357$1,731,250236$3919999.15% $1,251,000122$1,555,474$31116694.64% -40.36%25.90%93.44%38.39%28.73%4.76%
HOULIHANLAWRENCE.COM AS OF JUNE 30, �0�1 AS OF JUNE 30, �0�0 �0�1 vs. �0�0 6/30/211/1/21- 6/30/201/1/20- %CHANGE2021/2020 6/30/217/1/20- 6/30/207/1/19- %CHANGE NEW CANAAN Source: SMLS, New Canaan, Single Family Homes, Sold SUPPLY/DEMAND ANALYSIS *Supply Demand Ratio Key 1-4: High Demand 5-6: Balanced 7-9: Low Demand 10+: Very Low Demand PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 342223007181414 LISTINGSSUPPLY:ACTIVE 2822016109130 DEMAND:PENDINGSALES Not 0Valid111223 Not Valid DEMANDSUPPLY/RATIO* Market Totals 132 89 1 4467270827233610 LISTINGSSUPPLY:ACTIVE 1019110212470 DEMAND:PENDINGSALES Not 6444Valid335 Not Valid DEMANDSUPPLY/RATIO* 242 65 4 CHANGE%LISTINGSIN CHANGE% PENDINGSIN -100.00%0.00%-74.10%-65.67%-50.00%-33.33%-39.10%-5.60%40.00% -50.00%0.00%-45.50%15.80%133.33%0.00%125.00%85.67%0.00% -45.50% 36.90% SOLD PROPERTIES Market Totals 238 122 95.10% PRICE RANGE $0$5,000,000$3,000,000$2,500,000$2,000,000$1,500,000$1,000,000$700,000$500,000$499,999-$699,999-$999,999-$1,499,999-$1,999,999-$2,499,999-$2,999,999-$4,999,999andup 246323074739323 40261001910881 Not 200.00%200.00%290.00%-30.00%Valid-11.50%57.50%147.40%300.00% 104161581506438575 4579611811616161 -100.00%-16.70%-4.90%103.80%131.10%300.00%137.50%256.33%400.00% YEAR-TO-DATE 502 253 98.40% YEAR-OVER-YEAR
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