New Canaan - Closings are up 20% this quarter. Pending sales are down by the same amount. First quarter sales have dramatically increased for the past 3 years. 42 may be the new normal, up from 20 to 34 in years prior. Average price is down to $1.338 million, about where it was in 2012-2013, and now equal to Darien. Condo sales, 14% of the market, usually consistent, are down 42% from normal levels of 12 sales. Inventory is level with last year, 301 houses and 41 condos.
Riverside - 7 closings versus a range of 13 to 19 in the last 8 years. Average price of $2.1 million is the low end of an 8 year range of $1.8 to $3.6 million. Inventory is level with last year, 89 houses. Riverside is performing consistently with the larger Greenwich market which is also starting late and also down to an average price point of $2.3 million.
Rowayton - 11 closings in the quarter, same as last year, within an 8 year range showing between 8 and 15 closings. Prices of $1.17 million are up 12% but sit in the middle of an 8 year range of $960,000 to $1.32 million.
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