Wilton property sales are slow in 2018

Despite a small bump in October, it’s been a slow year for Wilton real estate sales.

According to a report by Halstead Real Estate, Wilton closings were down 42.1% in November when there were 11 closings on single-family homes compared to 19 in the same month last year.

The number of single-family home closings these past 11 months was down 10.4% from 2017. There were 190 closings, compared to 212 in 2017.

Purchase prices increased slightly. The median closing price for the first 11 months of 2018 was $797,000, compared to $749,500 for the same period in 2017. Likewise, the average home price for the first 11 months of 2018 was $879,182, compared to $834,356 for 2017.

The biggest increase in home sales for the first 11 months this year comes in the $1-million to $1.2-million range, with a 28.6% increase over 2017, followed by a 25.9% increase in home sales in the $800,000 to $900,000 range.

Homes seeing the greatest decline in sales were in the $1.5-million to $2-million range with a 40% decrease, and a 30.3% decrease for homes in the $700,000 to $800,000 range.

Condominium sales have increased 22.7% so far. There were 27 condos sold in the first 11 months of 2018, compared to 22 in the same time in 2017. The average condo price for the first 11 months of 2018 was $399,315, compared to $347,405 for the same time in 2017.

Halstead’s data was sourced from the Connecticut Smart MLS and Greenwich MLS.

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