MARKET ACTION REPORT July 2010

Fowler Home Connection

County: Fairfield Rachel Fowler, Carrie Fowler Sakey and Sara Fowler

203-450-7355
fowlerhomeconnection@cbmoves.com

Price Range: All | Properties: Single Family - Condo - TwnHm

www.fowlerhomeconnection.com
Trending versus*: Trending versus*:
Market Profile & Trends Overview Month LM L3M PYM LY YTD Prior YTD Prior Year
Median List Price of all Current Listings $465,000 -1% -7%
Average List Price of all Current Listings $845,385 -1% -1%
July Median Sales Price $465,000 8% 12% 12% 24% $400,000 7% 7%
July Average Sales Price $708,849 15% 15% 23% 31% $596,151 13% 10%
Total Properties Currently for Sale (Inventory) 8,203 -2% -2%
July Number of Properties Sold 690 -35% -14% 4,345 28%
July Average Days on Market (Solds) 96 -8% -11% -16% -15% 111 -1% -2%
Asking Price per Square Foot (based on New Listings) $268 0% -3% 1% -3% $273 -4% -1%
July Sold Price per Square Foot $256 4% 4% 5% 10% $240 4% 3%
July Month's Supply of Inventory 11.9 50% 9% 13% -23% 13.5 -27% -12%
July Sale Price vs List Price Ratio 95.1% .1% .9% 1.0% 2.4% 94.0% 1.7% 1.2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2009) / YTD = Year-to-date | Arrows indicate if Month / YTD values are higher (up), lower (down) or unchanged (flat)

Number of Properties Sold 3 Mo Avg

1,200
Property Sales
1,127

July Property sales were 690, down 14.1% from 803 1,000

1,058
in July of 2009 and 34.8% lower than the 1,058 800
820
818

803
sales last month. July 2010 sales were at their

738
732

720

717

706
699

699

690
677

lowest level compared to July of 2009 and 2008. 600

648

643

641
596

585
563
561

554

551
541

538
522

July YTD sales of 4,345 are running 27.8% ahead of

508
400

446
404
393

390
386

387
last year's year-to-date sales of 3,400.

376

301
277
200
0
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
07 08 09 10

Median Sales Price and Average Sales Price

(000's)
Median means Middle (the same # of properties sold above and below the Median) 3 Mo Avg
Prices 800
The Median Sales Price in July was $465,000, up 750
12.0% from $415,000 in July of 2009 and up 8.0% 700
650
from $430,375 last month. The Average Sales Price
600
in July was $708,849, up 22.7% from $577,623 in 550
July of 2009 and up 15.4% from $614,262 last 500
month. July 2010 ASP was at the highest level 450
compared to July of 2009 and 2008. 400
350
300
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
07 08 09 10

Total Inventory & Month's Supply of Inventory (MSI)

Inventory & MSI MSI is the # of month's needed to sell all of the Inventory at the monthly Sales Pace
10,000 30
The Total Inventory of Properties available for sale as of
9,000
9,288
9,231

9,138

July was 8,203, down 2.3% from 8,399 last month and
9,030

8,976

8,968

25
8,819

8,724
8,637

8,000
8,473

8,428

8,411

8,399
8,341

8,332
8,299

8,294

8,203
8,160

down 2.5% from 8,411 in July of last year. July 2010

8,076
8,063
7,965

7,863

7,788

7,722
7,592

7,000
7,499

7,287

Inventory was at its lowest level compared with July of 20

7,110
7,049
7,008

6,844
6,681

6,633

6,000
6,504

2009 and 2008.

5,999

5,000 15
4,000
3,000 10
A comparatively lower MSI is more beneficial for sellers
while a higher MSI is better for buyers. The July 2010 2,000 5
MSI of 11.9 months was at its highest level compared with 1,000
July of 2009 and 2008. 0 0
A S O N D J F MA M J J A S O N D J F MA M J J A S O N D J F MA M J J
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
MARKET ACTION REPORT July 2010
Fowler Home Connection
County: Fairfield Rachel Fowler, Carrie Fowler Sakey and Sara Fowler

203-450-7355
fowlerhomeconnection@cbmoves.com

Price Range: All | Properties: Single Family - Condo - TwnHm

www.fowlerhomeconnection.com

Days On Market for Sold Properties

Market Time 150
Average Days on Market (Listing to Contract) for properties sold during the month 3 Mo Avg
The average Days On Market (DOM) shows how many 140
days the average Property is on the market before it 130
sells. An upward trend in DOM tends to indicate a move 114
120
towards more of a Buyer's market, a downward trend a 110
94 96
move towards more of a Seller's market. The DOM for 100
July was 96, down 7.7% from 104 days last month and 90
down 15.8% from 114 days in July of last year. The July 80
2010 DOM was at a mid level compared with July of 70
2009 and 2008. 60
50
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
07 08 09 10

Selling Price per Square Foot

Average Selling Price per Square Foot for properties that sold during the month 3 Mo Avg
Selling Price per Square Foot 300
The Selling Price per Square Foot is a great indicator for 290 279
the direction of Property values. Since Median Sales 280
Price and Average Sales price can be impacted by the 270 256
'mix' of high or low end Properties in the market, the 260
selling price per square foot is a more normalized 244
250
indicator on the direction of Property values. The July 240
2010 Selling Price per Square Foot of $256 was up 3.9% 230
from $246 last month and up 4.6% from 244 in July of 220
last year. 210
200
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
07 08 09 10

Selling Price versus Listing Price Ratio

Avg Selling Price divided by Avg Listing Price for sold properties during the month 3 Mo Avg
100%
Selling Price vs Original Listing Price 99%
The Selling Price vs Original Listing Price reveals the 98%
average amount that Sellers are agreeing to come down 97%
from their original list price. The lower the ratio is 96% 95.1%
below 100% the more of a Buyer's market exists, a ratio 94.2%
95%
at or above 100% indicates more of a Seller's market.
94%
The July 2010 Selling Price vs Original List Price of 92.7%
95.1% was up from 95.0% last month and up from 93%
94.2% in July of last year. 92%
91%
90%
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
07 08 09 10

Inventory / New Listings / Sales

Inventory / New Listings / Sales 10,000 Inventory New Listings Sales
9,000
9,288
9,231

This last view of the market combines monthly

9,138
9,030

8,976

8,968

8,819

8,724
8,637

8,000
8,473

8,428

8,411

8,399
8,341

8,332
8,299

8,294

inventory of Properties for sale along with New Listings

8,203
8,160

8,076
8,063
7,965

7,863

7,788

7,722
7,592

7,000
7,499

7,287

and Sales. The graph shows the basic annual

7,110
7,049
7,008

6,844
6,681

6,633

6,000
6,504

seasonality of the market as well as the relationship

5,999

5,000
between these items. The number of New Listings in
4,000
July 2010 was 1,560, down 14.8% from 1,831 last month
3,000
and down 3.3% from 1,614 in July of last year.
2,000
1,000
0
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
07 08 09 10
Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
Inventory / Listings / Sales July 2010
Fowler Home Connection
County: Fairfield Rachel Fowler, Carrie Fowler Sakey and Sara Fowler

203-450-7355
fowlerhomeconnection@cbmoves.com
www.fowlerhomeconnection.com
Price Range: All | Properties: Single Family - Condo - TwnHm

Inventory / New Listings / Sales

This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic
annual seasonality of the market as well as the relationship between these items. The number of New Listings in July 2010 was 1,560, down
14.8% from 1,831 last month and down 3.3% from 1,614 in July of last year.

10,000 9,288 Inventory New Listings Sales

9,000
9,231

9,138
9,030

8,976

8,968

8,819

8,724
8,637
8,473

8,428

8,411

8,399
8,341

8,332
8,299

8,294
8,000

8,203
8,160

8,076
8,063
7,965

7,863

7,788

7,722
7,592
7,499

7,287
7,000

7,110
7,049
7,008

6,844
6,681

6,633
6,504
6,000

5,999
5,000

4,000

3,000
2292

2,000
2285

2247
2209

2143
2080

2014
1992
1953

1927
1897

1843

1839

1831
1804

1803
1800

1798

1760
1745

1688

1649
1639

1614
1580

1560
1516

1462
1426
1375

1363
1,000
1127

1078

1082

1058
820

818

803
798
699

732

677

561

541

393

522

554

648

720

563

551

376
758
386

277

301

404

390

508

717

738

596

699

706
709
643

446

387

538

585

641

690
0
A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J
07 08 09 10

Copyright © Coldwell Banker Residential Brokerage | Price Range: All | Property Types: Single Family - Condo - TwnHm
Data is provided courtesy of Consolidated MLS and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not warrant or guarantee
the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.