The Stonington Real Estate market, including Pawcatuck, Latimer Point, Lords Point, Masons Island, and half of Mystic, currently has 238 single family homes for sale. This is up from 195, 3 months ago. This is a seasonal change and it is to be expected. The high is $3.7m and the low is $92k with the average price of a home in Stonington at $718k and the median at $464k. Both of these numbers fell slightly over the last 3 months. A bit of good news, the ADOM or “Active Days On Market” fell from 210 down to 189 and the median followed down 33 to 100 days.
| Beds | Baths | SqFt | Listing Price | LP$/SqFt | Sale Price | SP$/SqFt | SP/LP | ADOM | |
|---|---|---|---|---|---|---|---|---|---|
| High | 17 | 17 | 10,140 | $3,750,000 | $1,427.17 | $0 | $0 | 0% | 1,148 |
| Low | 0 | 0 | 719 | $92,500 | $77.6 | $0 | $0 | 0% | 1 |
| Average | 4 | 2.53 | 2,536 | $718,007 | $271.18 | $0 | $0 | 0% | 189 |
| Median | 3 | 2.1 | 2,243 | $464,950 | $215.4 | $0 | $0 | 0% | 100 |
In all of Stonington, there are 43 single family residential properties under contract as of right now. That is still down 3 from three months ago and the last three months are historically hotter than the first few months of the year. The average list price is about the same, going up by $1k to $351 but the median showed more improvement moving up $20k to $289k. ADOM is lower by 18 days down to 107 days and the median fell as well. The average size of a home stayed flat at 2069 square feet and the median fell 182 square feet down to 1807 square feet.
| Beds | Baths | SqFt | Listing Price | LP$/SqFt | Sale Price | SP$/SqFt | SP/LP | ADOM | |
|---|---|---|---|---|---|---|---|---|---|
| High | 5 | 5 | 4,976 | $1,349,900 | $343.05 | $0 | $0 | 0% | 583 |
| Low | 1 | 1 | 477 | $64,900 | $49.88 | $0 | $0 | 0% | 2 |
| Average | 3 | 2.15 | 2,069 | $351,174 | $162.73 | $0 | $0 | 0% | 107 |
| Median | 3 | 2.1 | 1,807 | $289,900 | $157.18 | $0 | $0 | 0% | 58 |
Within the last 12 months, Stonington Real Estate Agents have closed 166 single family homes. A large number, however, with 238 single family properties currently on the market for sale, it will take almost a year and a half to sell all the currently listed homes. This number also seems to be slowing from last year as 3 months ago it was 175 homes and 4 months ago it was 181. The average sales price increased $10k to $424k and the median stayed flat at $310k. ADOM rose 8 days to 124, again showing signs that the market might be slowing. The average size of a home went down 20 square feet to 2250 square feet and the median rose 5 to 2013. The sales price to list price ratio also went down so sellers were only receiving 94.7% of their list price; down 4 tenths of a percent.
| Beds | Baths | SqFt | Listing Price | LP$/SqFt | Sale Price | SP$/SqFt | SP/LP | ADOM | |
|---|---|---|---|---|---|---|---|---|---|
| High | 6 | 4.5 | 21,780 | $5,000,000 | $1,207.73 | $2,900,000 | $966.18 | 166.5% | 1,084 |
| Low | 0 | 0 | 520 | $49,900 | $11.43 | $43,000 | $10.56 | 37% | 1 |
| Average | 3 | 2 | 2,250 | $466,549 | $208.91 | $424,334 | $192.21 | 94.72% | 124 |
| Median | 3 | 2 | 2,013 | $339,450 | $171.25 | $310,000 | $163.81 | 95.2% | 74 |
The following information was collected from the CTMLS as of 7/30/14. Updates to this post will be found at our Stonington Real Estate Trends page at the bottom.
