Noank Real Estate Agent Greg Broadbent The current Noank real estate statistics are based on the last 12 months.  Noank currently has 20 active single family properties listed on the market.  That is down 3 from 2 months ago.  The average list price has gone down from $699k to 605k but the median stayed the same.  This may be a result of the $2.9m house going under contract.  Active days on the market fell 12 and the median went down from 92 to 81 days on average.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 5 4.1 3,738 $1,263,000 $606.61 $0 $0 0% 607
Low 2 1 840 $269,900 $116.42 $0 $0 0% 12
Average 3 2.27 2,214 $605,100 $288.81 $0 $0 0% 123
Median 3 2.1 2,173 $499,450 $264.9 $0 $0 0% 81

There are currently 2 properties under deposit within Noank.  With such a small set of data, the statistics are not very useful however we are down one contract from July but as stated, the highest list price is almost 3 million.  It is always nice to see the higher price points starting to move along with the starter homes.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 5 3.1 4,349 $2,950,000 $678.32 $0 $0 0% 138
Low 4 2 1,576 $229,900 $145.88 $0 $0 0% 33
Average 5 2.55 2,963 $1,589,950 $412.1 $0 $0 0% 86
Median 5 2.55 2,963 $1,589,950 $412.1 $0 $0 0% 86

Over the last 12 months there have been 10 closed transactions from Noank Real estate agents.  That is down 4 from 2 months ago however, the average sales price rose $60k to $631k.  The active days on the market fell 35 days and sellers were able to sell for slightly closer to their asking price.  Currently averaging 95.3% of the list price with the median at 96%.  I would prefer to see more closed transactions over the last 12 months than current market inventory, however, the increased prices is always a positive sign.  The average size of a house was down 90 square feet also showing that buyers were willing to pay more for less.

Beds Baths SqFt Listing Price LP$/SqFt Sale Price SP$/SqFt SP/LP ADOM
High 5 3.1 3,301 $2,675,000 $810.36 $2,190,000 $663.44 109.8% 377
Low 2 1 726 $214,995 $129.52 $207,500 $125 81.9% 10
Average 3 2.12 2,091 $699,290 $307.01 $631,303 $285.19 95.3% 96
Median 3 2 2,154 $427,500 $212.02 $407,750 $200.11 96.05% 57

All data was collected from the CTMLS as of 9/18/14.  Noank is a part of the town of Groton and is a waterfront community along the Mystic River.  If you would like to know more about each of the villages and coastal communities in the area, please give an agent a call today.  We would like to be your Noank Realtor.