Post-July 4th summer doldrums are supposed to have set in by now, but thanks to a late start to the spring market this year, there is lots of open business in almost every Fairfield County town — lots of binders and contracts pending that are not reflected yet in the monthly sales stats. So stay tuned !
To date, average market time (days on market) is lengthier across the board, as is the inventory of properties on the market. In most towns, prices have come down a bit too — except in Westport! Westport average sale price was up 10%, while the median price was up 14% ! Price per square foot has increased in a few towns as well, while in most towns, this has been stable.
Volume was down pretty much across the board (by over 20% in Greenwich and Westport). Although Wilton experienced a correction in the last couple of years relative to other luxury market towns, and sale prices have continued to decline some, Wilton sales volume is up 12% year to date, and selling price per square foot was up 8%. Some good news for Weston too — while sales were down year over year by almost 6%, inventory has remained exactly the same and length of time on market is shorter by 23% !
Click on the graph below to see more detailed market reports. And I am proud to share some great new photos of the exciting new modern farmhouse on picturesque 1.6 level acres, on a fabulous walk-to-downtown cul-de-sac in Westport — an incomparable value at $3.725M.
My best regards for a wonderful and relaxing summer,
Rare Custom Quality New Construction On Old Hill Cul De Sac