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Welcome > Market Stats > Local Real Estate Report ...
| Ridgefield Real Estate 2009 Year In Review |
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Sales
Sales in December were 22. This is up 69.2% from 13 in December of 2008. Sales/List Price Ratio in December moved up to 95.3% from 93.5% in November. What is even more positive, the second half of 2009 has resulted in a substantial increase in sales (154 homes) when compared to the first half of 2009 (66 homes).
Market Time
Days on Market of 94 in December was down considerably from 114 in November and down from 117 in December of 2008.
| Ridgefield Real Estate 2009 Year In Review |
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Inventory
Inventory is 207, down somewhat from 215 in 2008. New listings of 28 in December were down from33 in November. Months of supply in December moved down to 11.2 from 13.7 in November.
Prices
Median Price in December was $633,950. Up 9.3% from $580,000 in December of 2008. For the market as awhole, Median Sale Price Per Sq. Ft. seems to have stabilized around $240. However, new construction andremodeled homes with enhanced features are more in line between $300-$350 per sq. ft.
| Fairfield County Real Estate 2009 Year In Review |
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 Snapshot of a Few Neighboring Fairfield County Towns
| Town |
2009
Unit Sales |
2008
Unit Sales |
% Change |
2009 Avg.
Sale Price |
2008 Avg.
Sale Price |
% Change |
| Fairfield |
466 |
521 |
-10.56% |
705,943 |
781,750 |
-9.70% |
| New Canaan |
131 |
144 |
-9.03% |
1,666,229 |
1,991,820 |
-16.35% |
| Norwalk |
442 |
417 |
6.00% |
529,235 |
697,799 |
-24.16% |
| Redding |
70 |
75 |
-6.67% |
664,338 |
717,714 |
-7.44% |
| Ridgefield |
224 |
242 |
-7.44% |
791,751 |
858,464 |
-7.77% |
| Stamford |
491 |
468 |
4.91% |
666,878 |
766,727 |
-13.02% |
| Weston |
92 |
116 |
-20.69% |
936,174 |
1,175,978 |
-20.39% |
| Westport |
251 |
271 |
-7.38% |
1,418,004 |
1,708,804 |
-17.02% |
| Wilton |
138 |
165 |
-16.36% |
912,635 |
1,049,734 |
-13.06% |
Sales
Sales for all of Fairfield County in December were 502. This is up 51.2% from 332 in December of2008. Sales/list price ratio in December moved down to 91.7% from 92.8% in November.
Prices
Median price for all of Fairfield County in December was $470,000. This is up 13.4% from $414,500in December of 2008. Average sale price for all of Fairfield County (most recent 3 months) is$743,919, up moderately from $657,820 in 2008.
Inventory
Inventory for all of Fairfield County is 4,921, down moderately from 5,456 in 2008. New listings of524 in December were down substantially from 696 in November and down somewhat from 544in December of 2008.
Market Time
For all of Fairfield County, days on market in December was 117. Months of supply in Decembermoved down to 11.1 from 13.6 in November.
All info for Ridgefield and Fairfield County is based on data supplied by the Consolidated MLS.Data accuracy cannot be guaranteed and also may not reflect all real estate activity in the market.
| Homes Sold Ridgefield 2009 |
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Positive Signs
When comparing 1st Half 2009 to the 2nd Half 2009, the local real estate market here in Ridgefieldis showing signs of stabilization. Unit Sales have increased and values in many price segments areholding steady. We are seeing an increase in Buyer confidence. The extension of the Federal HomeBuyer Tax Credit and historically low interest rates continue to facilitate the buyer’s decision to act now.Many area residents recognize that now is a perfect time to consider “trading up”. Another positivesignal is the movement amongst regional corporations to start relocating executives into the areaagain. We need to always remind ourselves that Real Estate is very local.
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South Ridgefield Sold 9/2009 $4,045,400.
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South Ridgefield Sold 9/2009 $1,700,000..
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South Ridgefield Sold 10/2009 $1,230,000.
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South Ridgefield Sold 10/2009 $1,155,000..
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South Ridgefield Sold 12/2009 $980,000.
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South Ridgefield Sold 11/2009 $620,000.
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Your Dream. My Commitment.
A home can be described as real property, a financial asset, and at theend of the day – a family’s safe haven where lifetime memories arecreated. It is a privilege to represent year after year, so many Ridgefieldresidents in the purchase and or sale of their home - relationships thathave been built on trust and integrity. My goal is to always exceed myclient’s expectations by providing exceptional service and the marketintelligence needed in today’s real estate market.
What is your home worth in today’s market? How should you prepareyour home for sale to achieve maximum results?
Reserve an appointment for a complimentary on-site market analysisof your home, condominium or property by contacting me at203-856-5534 or karla@neumannrealestate.com
Please disregard this offer if your property is currently listed with a real estate broker.It is not our intention to solicit the offerings of other real estate brokers. Which neighborhoods offer the best values? It's my job to help! Ask me any question, or request my FREE relocation package of information on Ridgefield, Wilton and Redding. There's no obligation, and I promise to respond quickly...
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Karla Murtaugh
Neumann Real Estate
395 Main Street
Ridgefield
Connecticut, 06877
Phone: 203-856-5534
Phone: 203-438-0455 x330
Fax: 203-431-6998
Email: KarlaMurtaugh@NUMBER1EXPERT.com
Recognized as one of the areas top Realtors, Karla has built her business by exceeding her clients expectations time and time again. "A home is the single most important purchase one can make and I feel privileged to provide impeccable customer service and marketing expertise to both buyers and sellers".
Karla's success is based on her honesty, extensive market knowledge, expert guidance and support, excellent negotiating skills, and exceptional dedication to her clients needs. Karla specializes in residential properties, luxury homes, new construction, antique homes, land opportunities, waterfront properties and all areas of relocation. Experience the Platinum Level in Real Estate Service.
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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