With the spring market now theoretically in full swing, how are we doing? Certainly could be better but tales of the housing market's demise are an exaggeration.
It's no surprise that sales in Fairfield County are slow and in fact off considerably from the "good years" of 2005-2006. But the good news is that homes are selling. Some in just a few days. Hard to believe isn't it when you are reading all these doom and gloom headlines? As always, and especially now, pricing and presentation are key.
Here is a quick snapshot of the single family housing market in many Fairfield County towns as of April 29, 2009. The source for this information of the Greater Fairfield County Consolidated Multiple Listing Service. To search for homes for sale click here.
Ridgefield
Number of single family homes for sale: 295
Average list price: $1,221,178
Number of single family homes sold year to date: 36
Average sale price: $899,880
Average discount from most recent list price: 7%
Redding
Number of single family homes for sale: 123
Average list price: $1,119,561
Number of single family homes sold year to date: 10
Average sale price: $628,440
Averagediscount from most recent list price: 4%
Wilton
Number of single family homes for sale: 208
Average list price: $1,278,097
Number of single family homes sold year to date: 23
Average sale price: $861,739
Average discount from most recent list price: 6%
Weston
Number of single family homes for sale: 176
Average list price: $1,354,030
Number of single family homes sold year to date: 11
Average sale price: $989,045
Average discount from most recent list price: 10%
Danbury
Number of single family homes for sale: 297
Average list price: $398,871
Number of single family homes sold year to date: 71
Average sale price: $333,745
Average discount from most recent list price: 6%
Fairfield
Number of single family homes for sale: 539
Average list price: $1,121,762
Number of single family homes sold year to date: 80
Average sale price: $6777,406
Average discount from most recent list price: 14%
Norwalk
Number of single family homes for sale: 453
Average list price: $ 887,105
Number of single family homes sold year to date: 92
Average sale price: $ 572,398
Average discount from most recent list price: 10%
Stamford
Number of single family homes for sale: 542
Average list price: $ 985,607
Number of single family homes sold year to date: 79
Average sale price: $ 600,067
Average discount from most recent list price: 7%
Westport
Number of single family homes for sale: 401
Average list price: $2,159,682
Number of single family homes sold year to date: 45
Average sale price: $1,310,275
Average discount from most recent list price: 11%