Archive for the ‘Market News’ Category
June Sold: Fairfield, Norwalk, Weston, Westport, & Wilton
| FAIRFIELD SOLD: 59 | AVG LIST: $823,162 | AVG SALE : $769,341 | AVG DAYS: 100 | |
| ADDRESS | LIST PRICE | SALE PRICE | DAYS ON MKT | CLOSED |
| 7 PLUM ST | $280,000 | $260,000 | 89 | 06/26/2009 |
| 15 MAY ST | $299,000 | $275,000 | 160 | 06/26/2009 |
| 352 WHEELER PARK AVE | $327,900 | $335,000 | 19 | 06/01/2009 |
| 899 JENNINGS RD | $339,000 | $339,900 | 81 | 06/29/2009 |
| 67 BIBBINS AVE | $379,000 | $375,100 | 41 | 06/19/2009 |
| 9 SOUTH PINE CREEK | $389,000 | $345,000 | 149 | 06/05/2009 |
| 436 LENOX RD | $394,900 | $369,000 | 88 | 06/09/2009 |
| 56 LONGDEAN RD | $400,000 | $380,000 | 203 | 06/26/2009 |
| 359 OAKWOOD DR | $425,000 | $380,000 | 53 | 06/09/2009 |
| 57 ALDEN ST | $429,000 | $405,000 | 155 | 06/30/2009 |
| 236 RANDOM RD | $449,000 | $375,000 | 63 | 06/05/2009 |
| 320 PALAMAR DR | $450,000 | $415,000 | 94 | 06/15/2009 |
| 120 ARGONNE ST | $469,000 | $456,000 | 73 | 06/26/2009 |
| 135 LOCKWOOD RD | $469,000 | $455,000 | 17 | 06/03/2009 |
| 110 OLDFIELD DR | $479,000 | $418,000 | 51 | 06/19/2009 |
| 66 BEAUMONT ST | $485,000 | $485,000 | 81 | 06/15/2009 |
| 19 HOLLIS ST | $486,000 | $476,000 | 83 | 06/12/2009 |
| 62 SIGWIN DR | $489,000 | $467,000 | 79 | 06/19/2009 |
| 2031 NORTH BENSON | $489,900 | $450,000 | 61 | 06/12/2009 |
| 107 PANSY RD | $499,900 | $495,000 | 78 | 06/22/2009 |
| 46 BROOKLAWN PKY | $524,500 | $496,000 | 71 | 06/19/2009 |
| 335 VALLEY RD | $539,000 | $507,000 | 39 | 06/22/2009 |
| 282 CHURCH HILL RD | $550,000 | $532,500 | 131 | 06/30/2009 |
| 757 REEF RD | $599,500 | $580,000 | 137 | 06/30/2009 |
| 88 EDGE HILL RD | $610,000 | $593,000 | 40 | 06/30/2009 |
| 51 HANFORD DR | $619,000 | $619,500 | 38 | 06/15/2009 |
| 1200 BURR ST | $649,000 | $630,000 | 332 | 06/26/2009 |
| 34 FIELDCREST DR | $649,900 | $565,000 | 113 | 06/29/2009 |
| 263 MILL RIVER RD | $675,000 | $645,000 | 49 | 06/19/2009 |
| 93 NONOPOGE RD | $699,000 | $672,500 | 211 | 06/26/2009 |
| 905 VALLEY RD | $729,000 | $687,500 | 249 | 06/05/2009 |
| 1783 MILL PLAIN RD | $734,000 | $725,000 | 24 | 06/15/2009 |
| 112 WESTWOOD RD | $759,000 | $759,000 | 50 | 06/12/2009 |
| 91 BROOKMERE DR | $779,900 | $742,750 | 64 | 06/08/2009 |
| 459 HULLS HWY | $797,500 | $750,000 | 42 | 06/25/2009 |
| 693 FAIRFIELD BEACH | $799,000 | $730,000 | 121 | 06/05/2009 |
| 335 OLD DAM RD | $825,000 | $730,000 | 206 | 06/29/2009 |
| 35 ENNIS LN | $825,000 | $805,000 | 79 | 06/12/2009 |
| 15 BAYBERRY RD | $849,900 | $799,900 | 207 | 06/12/2009 |
| 10 SKY TOP DR | $895,000 | $840,000 | 131 | 06/29/2009 |
| 2854 STURGES HWY | $899,950 | $899,950 | 44 | 06/15/2009 |
| 872 HILLSIDE RD | $950,000 | $875,000 | 329 | 06/04/2009 |
| 164 BARNHILL RD | $959,000 | $880,000 | 60 | 06/25/2009 |
| 1175 STILLSON RD | $999,900 | $960,000 | 114 | 06/11/2009 |
| 130 MYREN ST | $1,049,900 | $950,000 | 79 | 06/19/2009 |
| 351 ORCHARD HILL LN | $1,049,999 | $975,000 | 129 | 06/30/2009 |
| 43 INWOOD RD | $1,100,000 | $1,025,000 | 80 | 06/30/2009 |
| 120 STROLL ROCK CMN | $1,150,000 | $1,100,000 | 43 | 06/12/2009 |
| 472 PINE CREEK AVE | $1,170,000 | $800,000 | 115 | 06/23/2009 |
| 570 WARNER HILL RD | $1,299,000 | $1,150,000 | 241 | 06/18/2009 |
| 26 GAY BOWERS RD | $1,349,000 | $1,175,000 | 140 | 06/30/2009 |
| 293 TAUNTON RD | $1,349,000 | $1,313,000 | 26 | 06/17/2009 |
| 646 MILL HILL TER | $1,350,000 | $1,250,000 | 147 | 06/10/2009 |
| 1290 SO PINE CRK RD | $1,369,000 | $1,275,000 | 30 | 06/22/2009 |
| 189 NORTH CEDAR RD | $1,495,000 | $1,350,000 | 77 | 06/30/2009 |
| 3265 NORTH ST | $1,995,000 | $1,897,500 | 62 | 06/30/2009 |
| 1373 REDDING RD | $2,095,000 | $2,095,000 | 48 | 06/08/2009 |
| 270 FARMSTEAD HILL | $2,150,000 | $1,955,000 | 49 | 06/19/2009 |
| LOT 13 FERN ST | $2,250,000 | $2,100,000 | 34 | 06/15/2009 |
| NORWALK SOLD: 40 | AVG LIST: $519,311 | AVG SALE: $485,173 | AVG DAYS: 84 | |
| ADDRESS | LIST PRICE | SALE PRICE | DAYS ON MKT | CLOSED |
| 328 ELY AVE | $175,000 | $182,000 | 19 | 06/16/2009 |
| 55 FERRIS AVE | $240,000 | $233,750 | 34 | 06/30/2009 |
| 65 CREEPING HEMLCK | $329,900 | $300,000 | 94 | 06/29/2009 |
| 17 GLENDENNING ST | $339,000 | $325,000 | 40 | 06/12/2009 |
| 7 COBBLERS LN | $339,000 | $339,000 | 48 | 06/30/2009 |
| 23 PARALLEL ST | $367,500 | $350,000 | 32 | 06/25/2009 |
| 8 NAPLES AVE | $369,000 | $365,000 | 25 | 06/22/2009 |
| 1 DONNA DR | $375,000 | $360,000 | 36 | 06/29/2009 |
| 23 MELBOURNE RD | $375,000 | $360,000 | 39 | 06/29/2009 |
| 9 HADIK PKY | $377,656 | $357,656 | 30 | 06/30/2009 |
| 25 OAKHILL AVE | $385,000 | $370,000 | 39 | 06/08/2009 |
| 18 CARLIN ST | $389,000 | $385,000 | 21 | 06/30/2009 |
| 23 GENEVA RD | $418,900 | $390,000 | 37 | 06/12/2009 |
| 6 SCRIBNER AVE | $429,000 | $385,000 | 217 | 06/01/2009 |
| 49 BARTLETT AVE | $435,000 | $425,000 | 42 | 06/29/2009 |
| 11 BEECHWOOD RD | $444,000 | $410,000 | 113 | 06/29/2009 |
| 12 FAIRFIELD TER | $449,000 | $425,000 | 56 | 06/29/2009 |
| 9 JENNIFER RD | $450,000 | $447,000 | 258 | 06/05/2009 |
| 62 GEORGE AVE | $450,000 | $440,000 | 103 | 06/18/2009 |
| 7 SHERMAN PL | $459,000 | $469,000 | 37 | 06/26/2009 |
| 3 OLIVER ST | $474,900 | $470,000 | 16 | 06/09/2009 |
| 65 WILLOW ST | $475,000 | $455,000 | 102 | 06/30/2009 |
| 14 STONECROP RD | $475,000 | $440,000 | 53 | 06/26/2009 |
| 7 SCRIBNER HTS | $489,900 | $465,000 | 382 | 06/12/2009 |
| 13 CORNWALL RD | $499,000 | $465,000 | 91 | 06/16/2009 |
| 368 HIGHLAND AVE | $499,000 | $485,000 | 39 | 06/30/2009 |
| 405 SILVER CREEK LN | $499,900 | $510,000 | 50 | 06/12/2009 |
| 27 THISTLE RD | $524,900 | $492,000 | 45 | 06/19/2009 |
| 10 BLACKBERRY LN | $525,000 | $510,000 | 142 | 06/04/2009 |
| 11 MEETING GROVE LN | $549,000 | $535,000 | 98 | 06/26/2009 |
| 34 GREY HOLLOW RD | $570,000 | $550,000 | 70 | 06/05/2009 |
| 108 SHOREFRONT PK | $585,000 | $572,500 | 36 | 06/12/2009 |
| 6 ROLAND AVE | $599,000 | $585,000 | 71 | 06/24/2009 |
| 26 DOUGLAS DR | $670,000 | $610,000 | 318 | 06/19/2009 |
| 34 REGENCY DR | $723,900 | $677,000 | 72 | 06/26/2009 |
| 249 ROWAYTON AVE | $795,000 | $550,000 | 172 | 06/10/2009 |
| 1 SILVERMINE WAY | $869,000 | $847,000 | 46 | 06/24/2009 |
| 306 SILVER CREEK LN | $899,000 | $815,000 | 69 | 06/11/2009 |
| 2 BALDWIN RD | $1,125,000 | $930,000 | 32 | 06/01/2009 |
| 17 RIDGEWOOD RD | $1,329,000 | $1,125,000 | 131 | 06/16/2009 |
| WESTON SOLD: 10 | AVG LIST: $994,940 | AVG SALE: $917,650 | AVG DAYS: 111 | |
| ADDRESS | LIST PRICE | SALE PRICE | DAYS ON MKT | CLOSED |
| 19 MERRY LN | $559,000 | $550,000 | 51 | 06/25/2009 |
| 96 OLD EASTON TPKE | $609,500 | $594,000 | 107 | 06/22/2009 |
| 157 OLD HYDE RD | $639,000 | $600,000 | 150 | 06/03/2009 |
| 32 NORFIELD RD | $649,000 | $600,000 | 53 | 06/30/2009 |
| 37 GLENWOOD RD | $834,900 | $782,500 | 89 | 06/19/2009 |
| 43 GOOD HILL RD | $849,000 | $810,000 | 84 | 06/29/2009 |
| 14 NIMROD FARM RD | $1,299,000 | $1,150,000 | 175 | 06/15/2009 |
| 2 NORDHOLM DR | $1,365,000 | $1,365,000 | 15 | 06/15/2009 |
| 206 GOOD HILL RD | $1,450,000 | $1,250,000 | 63 | 06/15/2009 |
| 273 LYONS PLAIN RD | $1,695,000 | $1,475,000 | 322 | 06/01/2009 |
| WESTPORT SOLD: 29 | AVG LIST: $1,538,057 | AVG SALE: $1,429,402 | AVG DAYS: 104 | |
| ADDRESS | LIST PRICE | SALE PRICE | DAYS ON MKT | CLOSED |
| 4 UNDERHILL PKY | $450,000 | $425,000 | 163 | 06/04/2009 |
| 26 HALE ST | $519,900 | $487,500 | 58 | 06/19/2009 |
| 58 OLD RD | $594,900 | $589,000 | 20 | 06/10/2009 |
| 6 BROOKSIDE PL | $599,000 | $582,000 | 6 | 06/29/2009 |
| 215 WILTON RD | $599,950 | $515,000 | 186 | 06/22/2009 |
| 2 BROOKSIDE PARK | $699,000 | $660,000 | 177 | 06/30/2009 |
| 31 ROSEVILLE RD | $699,000 | $687,000 | 27 | 06/08/2009 |
| 22 PARTRICK LN | $849,000 | $689,000 | 81 | 06/22/2009 |
| 39 GORHAM AVE | $850,000 | $817,000 | 39 | 06/12/2009 |
| 25 DANBURY AVE | $969,000 | $916,000 | 49 | 06/04/2009 |
| 12 CENTER ST | $979,000 | $930,000 | 38 | 06/11/2009 |
| 3 RAPHAEL WAY | $999,000 | $950,350 | 5 | 06/08/2009 |
| 7 BLIND BROOK RD | $1,025,000 | $970,000 | 259 | 06/11/2009 |
| 8 RIVARD CRES | $1,099,000 | $975,000 | 141 | 06/12/2009 |
| 26 TAMARAC RD | $1,195,000 | $1,150,750 | 156 | 06/24/2009 |
| 1 GRIST MILL LN | $1,199,999 | $1,164,550 | 90 | 06/15/2009 |
| 236 HILLSPOINT RD | $1,299,000 | $1,150,000 | 133 | 06/29/2009 |
| 5 PARTRICK RD | $1,299,000 | $1,299,000 | 19 | 06/16/2009 |
| 1 COUNTRY RD | $1,950,000 | $1,600,000 | 98 | 06/05/2009 |
| 2 POND RD | $1,995,000 | $1,925,000 | 214 | 06/21/2009 |
| 5 TIMBER LN | $2,200,000 | $2,000,000 | 100 | 06/16/2009 |
| 64 S TURKEY HILL S RD | $2,449,000 | $2,385,000 | 230 | 06/15/2009 |
| 5 REIMER RD | $2,495,000 | $2,200,000 | 39 | 06/05/2009 |
| 4 WAKEMAN ACRS RD | $2,495,000 | $2,262,500 | 38 | 06/26/2009 |
| 88 CLPBOARD HLL RD | $2,750,000 | $2,450,000 | 166 | 06/15/2009 |
| 31 S TURKEY HILL RD | $2,899,900 | $2,500,000 | 134 | 06/12/2009 |
| 22 BURR FARMS RD | $3,095,000 | $3,023,000 | 161 | 06/04/2009 |
| 58 CLPBOARD HILL RD | $3,100,000 | $2,900,000 | 128 | 06/15/2009 |
| 26 STURGES CMMONS | $3,250,000 | $3,250,000 | 59 | 06/26/2009 |
| WILTON SOLD: 13 | AVG LIST: $793,538 | AVG SALE: $746,038 | AVG DAYS: 130 | |
| ADDRESS | LIST PRICE | SALE PRICE | DAYS ON MKT | CLOSED |
| 11 OLD MILL RD | $199,000 | $141,000 | 38 | 06/09/2009 |
| 136 KELLOGG DR | $645,000 | $625,000 | 103 | 06/22/2009 |
| 97 WASHINGTON POST | $647,000 | $625,000 | 339 | 06/22/2009 |
| 14 BITTERSWEET TRL | $669,000 | $660,000 | 136 | 06/15/2009 |
| 11 FULLIN LN | $675,000 | $645,000 | 43 | 06/15/2009 |
| 40 VALEVIEW RD | $675,000 | $670,000 | 25 | 06/16/2009 |
| 78 GRANITE DR | $799,000 | $760,000 | 119 | 06/19/2009 |
| 5 PILGRIM TRL | $915,000 | $875,000 | 32 | 06/18/2009 |
| 73 OLD FARM RD | $919,000 | $875,000 | 147 | 06/26/2009 |
| 20 LANGNER LN | $925,000 | $865,000 | 126 | 06/29/2009 |
| 248 STURGES RIDGE | $999,000 | $875,000 | 117 | 06/03/2009 |
| 93 WEST MEADOW RD | $1,100,000 | $1,000,000 | 39 | 06/30/2009 |
| 41 QUAIL RIDGE RD | $1,149,000 | $1,082,500 | 431 | 06/18/2009 |
Westport Sales – April 2009
Westport Sales in April were 17. This is down 10.5% from 19 in April of 2008. Sales/list price ratio in April moved up to 90.8% from 88.9% in March.
The Median PRICE in April was $900,000. This is down 22.4% from $1,160,000 in April of 2008. Average sale price (most recent 3 months) is $1,388,032, down considerably from $1,683,500 in 2008.
INVENTORY is 428, up moderately from 379 in 2008. New listings of 103 in April were up a bit from 97 in March and up somewhat from 93 in April of 2008.
DAYS on the Market: Average days of 114 in April was down substantially from 155 in March and down somewhat from 118 in April of 2008. Months of supply in April moved up to 20.5 from 18.5 in March.
Westport Sales – February 2009
Westport Sales in February were 11, down 21.4% from 14 in February of 2008. Sales/list price ratio in February moved up to 90.1% from 82.2% in January.
Prices – The median price in February was $1,599,000. This is up 8.4% from $1,475,000 in February of 2008. Average sale price (most recent 3 months) is $1,493,730, down substantially from $1,988,809 in 2008.
Inventory was 341, up moderately from 325 in 2008. New listings of 72 in February were down modestly from 77 in January and down considerably from 91 in February of 2008.
Days on market was 144 in February, up somewhat from 121 in January but down moderately from 179 in February of 2008. Months of supply in February moved up to 16.0 from 14.6 in January.
Surrounding Area:
Fairfield, CT – 12 homes sold in February. The average price a home was listed at was $832,092 and the average price a home sold for was $786,327. The average days on the market for a house to sell were 86.
Norwalk, CT – 22 homes sold in February. The average price a home was listed at was $574,082 and the average price a home sold for was $532,841. The average time on the market for a house to sell was 122 days.
Weston, CT – 1 homes sold in February. The average price a home was listed at was $899,000 and the average price a home sold for was $830,000. The average days on the market for a house to sell were 18.
Wilton, CT – 3 homes sold in February. The average price a home was listed at was $593,000 and the average price a home sold for was $570,000. The average days on the market for a house to sell were 149.
There are Buyers Out There
Since mid December, buyers have been out looking at homes with much seriousness. . Though they are waiting for the economic signs that the housing market has bottomed, they want to be ready to act on the home of their choice. The greatest activity has been at newer and “turn key” homes
Buyers are still “sitting on the fence” but there are factors which should knock them off into action. Mortgage rates are very attractive, though down payment and credit requirements are now stricter than in the past. The high inventory will offer buyers more choices and some price negotiability. Low-balling may not be the best route to a purchase. Rely on your buyer agent to give you comparables sold properties for that home you are pursuing.
The most active buyer clients include, buyers who have already sold a primary residence and are now in a rental holding pattern, young families from NYC , returning ex-patriots, and first time buyers. The stock market decline has caused many other buyers to postpone a home purchase
With a new administration in place and more focused efforts to resolve our economic changes we anticipate a thawing spring market. .
A home is an investment you can live in.
Real Facts: Westport CT Real Estate Market 2008
2008 was a real challenge for Westport real estate and the general feeling is that it will take some time to recover. Sales of single family SF homes were 34% lower than 2007. 271 homes were sold in 2008 as compared to 409 in 2007. This is a substantial drop and things have not looked so gloomy for 15 years. Buyers were in a state of paralysis and fear that prices had not hit bottom so did not perform and those who had to move tended to rent instead.
The median price in December 2008 was $1,070,000 compared to $1,702,000 in December 2007, a drop of 37.1% The average sales price (the most recent 3 months) is $1,610,375 compared to $1,892,359 , a drop of 15%. Houses have also been sitting on the market for longer periods of time. The number of days to sell a house in 2008 was 141, up from 124 in 2007.
Inventory of homes has increased by 20%. 294 homes in 2008 compared to 233 in 2007. The months of supply of homes on the market at the end of 2008 was 13, compared to 10.3 months for 2007 although it is interesting to note that months of supply in December 2008 moved down to 13 from 15 in November, 2008. This is actually a great time to buy a home in Westport. Prices are down, mortgage rates are at historic lows and supply is exceeding demand. There are great deals just waiting to happen.
There is actually a buzz in the market despite the frigid ,snowy weather and the number of showings have increased quite substantially in the past few weeks. It feels as though the transactions are just around the corner. Westport with Staples voted as #1 school in CT , its idyllic beaches, town golf course and superior recreational activities is still a jewel of a place to call home!
Westport’s Staples High School – Best Overall Academic Performance
Westport’s Staples High School – Rated 10 out of 10
Westport – Best Performing Housing Market in CT for 2008
Westport Sales – Dec 2008
Sales
Sales in December were 16. This is down 30.4% from 23 in December of 2007. Sales/list price ratio in December moved up to 92.5% from 92.5% in November. Continue Reading…
©2010 Jillian Klaff Homes · William Raveis Real Estate · 47 Riverside Ave. Westport CT 06880
