Real estate sales off to slow start
The real estate market in Wilton was sluggish at the start of 2019.
According to a report by Halstead Real Estate, Wilton closings were down 8.3% in January, with 11 closings on single-family homes compared to 12 in the same month last year.
While the 8.3% drop represents the difference of just one house sale, the three-month sales average was down 20.8%, from 48 sales in November 2017 through January 2018, to 38 sales in November 2018 through January 2019, a 10-house difference.
The three-month average purchase price has increased slightly. The average closing price was $749,487, compared to $715,945 from the previous time period.
The biggest increase in home sales from November 2018 through January 2019 comes in the $700,000- to $800,000-range, with six more sales. This was followed by one additional home sales in the $800,000 to $900,000-range.
Homes seeing the greatest decline in sales were in the $1 million- to $2 million-range with one less sale than the previous year and 10 less home sales in the $500,000- to $700,000-range.
Condominium sales increased with four condos sold from November 2018 through January 2019, compared to three from the same period in 2017-18. The average condo price was $500,000, up 41.4% compared to $353,667.
There was more active inventory on the real estate market from November 2018 through January 2019, with 158 houses and 11 condos listed for sale. This was up from 140 houses and eight condos listed for sale in the previous time period.
Halstead’s data was sourced from the Connecticut Smart MLS and Greenwich MLS.