The Median Sales Price in July was $1,290,000, up 1.6% from $1,270,000 in July of 2009 and up 14.9%
from $1,122,500 last month. The Average Sales Price in July was $1,411,093, down 8.5% from
$1,542,162 in July of 2009 and up 9.9% from $1,283,754 last month. July 2010 ASP was at the
lowest level compared to July of 2009 and 2008.

For additional market data, view the Coldwell Banker Market Action Report –

Market Action Report – City_ Westport – Jul2010

Gail Lilley Zawacki, Realtor
Coldwell Banker Real Estate
472 Riverside Avenue
Westport, CT 06880
203-856-9949
Gail@SouthernCT.com

The Median Sales Price in July was $1,349,000, up 84.5% from $731,250 in July of 2009 and up 70.1%
from $793,250 last month. The Average Sales Price in July was $1,540,444, up 101.3% from $765,350 in
July of 2009 and up 66.7% from $924,200 last month. July 2010 ASP was at the highest level
compared to July of 2009 and 2008.

For additional market data, view the Coldwell Banker Market Action Report –

Market Action Report – City_ Weston – Jul2010

Gail Lilley Zawacki, Realtor
Coldwell Banker Real Estate
472 Riverside Avenue
Westport, CT 06880
203-856-9949
Gail@SouthernCT.com

The Median Sales Price in July was $675,000, up 10.8% from $609,000 in July of 2009 and down
4.9% from $710,000 last month. The Average Sales Price in July was $881,861, up 60.2% from
$550,643 in July of 2009 and up 22.5% from $719,600 last month. July 2010 ASP was at the
highest level compared to July of 2009 and 2008.

For additional market data, view the Coldwell Banker Market Action Report –

Market Action Report – City_ Redding – Jul2010

Gail Lilley Zawacki, Realtor
Coldwell Banker Real Estate
472 Riverside Avenue
Westport, CT 06880
203-856-9949
Gail@SouthernCT.com

The Median Sales Price in July was $410,000, down 39.3% from $675,000 in July of 2009 and down
43.0% from $718,750 last month. The Average Sales Price in July was $528,667, down 16.6% from
$633,750 in July of 2009 and down 37.1% from $840,500 last month. July 2010 ASP was at the
lowest level compared to July of 2009 and 2008.

For additional market data, view the Coldwell Banker Market Action Report –

Market Action Report – City_ Easton – Jul2010

Gail Lilley Zawacki, Realtor
Coldwell Banker Real Estate
472 Riverside Avenue
Westport, CT 06880
203-856-9949
Gail@SouthernCT.com

When you see this home and its setting, you will instantly understand the emotions Mark Twain expressed about his house: “we live in its grace and in the peace of its benediction. We never come home from an absence that its face does not light up and speak out its eloquent welcome”.  Virtual Tour

Of interest are the price points selling this year. Between 0-$900k, there are 78 active listings, 6 properties have accepted offers, 4 are under contract and 39 that have sold since 1/1/10. Between $1m-$1,499m, there are 27 active listings, 2 with accepted offers, 6 under contract, and 18 that have sold since 1/1/10. Between $1.5m-$1,999m, there are 18 active listings, 1 with an accepted offer, 2 are under contract and 1 has sold. Between $2m-$2,499m, there are 6 active listings, 1 with an accepted offer, 2 are under contract, and 2 have sold. Between $2.5m-$2,999m, there are 7 active listings, 0 with an accepted offers, 1 under contract and none have sold. Over $3m+, there are 8 active listings, none with accepted offers, under contract or sold.

According to the National Association of Realtors, following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract. Many closings have been delayed recently due to a rush of buyers into the system and slow processing of short sales, in addition to the heavy volume and a more thorough loan underwriting process.

NAR Chief Economist Lawrence Yun said, “Consumers are rational and they rushed to meet the tax credit eligibility deadline in April. The sharp decline in contract signings in May is a natural result with similar low levels of sales activity anticipated in June. Existing-home sales that close in June will remain elevated, but we’ll then see a notable decline for July and August.”

Congress also reauthorized the National Flood Insurance Program. Many lenders were hesitant to approve mortgages on homes needing flood insurance without congressional action and numerous sales have been on hold. The action is retroactive to a temporary authorization that expired May 31, and also is expected to be signed by the President.

Yun noted the tax credit has broadly stabilized home prices. “Without the tax credit, there will be more aggressive price negotiations between buyers and sellers. The key test on whether the housing market can stand on its own without stimulus medicine will depend critically on private sector job creation in the second half of the year. We’ll also keep a close eye on market conditions on the Gulf Coast.”

Through May of this year, 495,000 net private sector jobs have been created; NAR’s forecast for employment growth is about 1 million additional net new jobs over the balance of the year and another 2 million in 2011. “If jobs come back as expected, the pace of home sales should pick up later this year and reach a sustainable level of activity given very favorable affordability conditions,” Yun said.
“In most areas of the country, there will be no sharp snap back in home prices in the upcoming years, although some local markets have experienced double-digit gains this year,” Yun said. NAR forecasts the national median home price to rise only 4% cumulatively over the next two years.

“One factor that could lead to price acceleration in upcoming years for some markets is if the very low levels of new home construction were to persist for another year or two,” Yun added. As some parts of the U.S. housing market work their way out of the housing recession, while the majority of markets continue to decline, homeowners across the country had mixed opinions of the state of their own homes’ values, according to the Zillow. Nationally, homeowners were overconfident, with half (50%) believing their own home’s value declined in the past year. But, in reality, 65% of U.S. homes declined in value, according to Zillow’s Q1 Real Estate Market Reports.

It is clear that there is a lag between market realities and public perceptions of home values. However, when homeowners across the country do start to believe their home’s value has stopped declining, we can expect to see a lot of new inventory entering the market via sidelined sellers. This added inventory, combined with current elevated inventory levels and continued high rates of foreclosure in some areas, will cause selected markets to experience depressed home values for another year or so. Inventory must come down for home values to go up.

Weston Real Estate Sales Activity - June 2010

Gail Lilley Zawacki, Realtor
Coldwell Banker Real Estate
472 Riverside Avenue
Westport, CT 06880
203-856-9949
Gail@SouthernCT.com

The Median Sales Price in June was $710,000, up 50.7% from $471,000 in June of 2009 and up 11.3%
from $638,000 last month. The Average Sales Price in June was $719,600, up 0.9% from $713,056 in June of 2009 and up 14.4% from $628,750 last month. June 2010 ASP was at a mid range compared to June of 2009 and 2008.

For additional market data, view the Coldwell Banker Market Action Report –

Market Action Report – City_ Redding – Jun2010

Gail Lilley Zawacki, Realtor
Coldwell Banker Real Estate
472 Riverside Avenue
Westport, CT 06880
203-856-9949
Gail@SouthernCT.com

The Median Sales Price in June was $718,750, up 15.0% from $625,000 in June of 2009 and up 25.4% from $573,000 last month. The Average Sales Price in June was $840,500, up 28.2% from $655,433 in June of 2009 and up 26.6% from $663,822 last month. June 2010 ASP was at the highest level compared to June of 2009 and 2008.

For additional market data, view the Coldwell Banker Market Action Report –

Market Action Report – City_ Easton – Jun2010

Gail Lilley Zawacki, Realtor
Coldwell Banker Real Estate
472 Riverside Avenue
Westport, CT 06880
203-856-9949
Gail@SouthernCT.com

The Median Sales Price in June was $1,122,500, up 15.1% from $975,000 in June of 2009 and down 5.3% from $1,185,000 last month. The Average Sales Price in June was $1,283,754, down 3.6% from $1,331,444 in June of 2009 and down 15.5% from $1,518,537 last month. June 2010 ASP was at the lowest level compared to June of 2009 and 2008.

For additional market data, view the Coldwell Banker Market Action Report –

Market Action Report – City_ Westport – Jun2010

Gail Lilley Zawacki, Realtor
Coldwell Banker Real Estate
472 Riverside Avenue
Westport, CT 06880
203-856-9949
Gail@SouthernCT.com