Easton Real Estate Snapshot

by  Alison Sternberg, Halstead Property
The Easton real estate market finished April up 22.5% over 2015 with 38 YTD closings.   The most expensive SF sale with 30 Riverside lane at $1,995,000 and the lowest 230 Chester Road at $375,000.

 

Inventory was essentially flat with 2 additional listings at 111 a 1.8% increase. The absorption rate was flat at 10 months.

Pricing was up with the median rising 10.4% at $557,284 and average prices up 20.1% at $698,941.This was due in great part to an increase in sales above $1 million, which rose from 2 last year to 5 in 2016.

 

The pipeline holds 25 transactions with 17 CTS (accepted offer) and 8 pending (in contract).Two of these pipeline sales are above $1 million.

 

Easton produced 9 closings in May 2015 and that will be tough to match this year with only 8 pending transactions. However it is likely that the Easton market will still end May in the positive column YTD.
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Year:          All $ ranges         $0-$500        $500-1 million        $1 million +

2015:             31                      10                 19                            2
2016:             38                       8                  25                            5

Number of listings:

Months of inventory (absorption rate):

 

Median sales price:

2015:   $557,284
2016:   $615,000

Average sales price:

2015:   $581,026
2016:   $698,941

Alison Sternberg
Halstead Property
379 Post Road East – Westport CT
203-221-0666 – cell: 203-414-8693 – fax: 203-221-9015
asternberg@halstead.com– halstead.com


Just sold! $675,000
Beautiful colonial at 37 Sunny Ridge 4.143 square ft. 4.5 acres 4 bedrooms 2 1 half bath.