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Welcome > Market Stats > Local Real Estate Report 2010 Year In Review ...
| Ridgefield Real Estate 2010 Year In Review |
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Sales
Unit sales in December were 28. This is up 27.3% from 22 in December of 2009. Unit sales for 2010 were 273. This is a 23.5% increase over 2009 witch posted sales of 221. Sales.list price ratio in December moved doen to 92.5% in November. On an annual basis we increased slightly to 95%, witch is nearly a 2% increase over 2009 when sales to list ratio was 93%.
Market Time
Days on market of 106 in December was down modestly from 117 in November but up somewhat from 93 in December of 2009. Months of suppy of 9.0 in December was down considerably from 11.0 in November and down moderately from 11.1 in December of 2009.
| Ridgefield Real Estate 2010 Year in Review |
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Inventory
Inventory of 204 in December was down 16.4% from 244 in November and down 0.5% from 205 in December of 2009. New listings in December moved down to 15 from 35 in November.
Prices
Median price of $777,500 in December was up 7.2% form $725,000 in November and up 22.6% from $633,950 in December of 2009. When comparing the first 6 months of 2010 vs. the past 6 months of 2010 our median price has inceased 11%
Unit Sales by Price Category
| Price Range |
2009 |
2010 |
| up to $499,99 |
61 |
56 |
| $500,000 - $599,999 |
30 |
45 |
| $600,000 - $699,999 |
44 |
33 |
| $700,000 - $799,999 |
14 |
32 |
| $800,000 - $899,999 |
15 |
23 |
| $900,000 - $999,999 |
10 |
20 |
| $1,000,000 - $1,249,999 |
19 |
32 |
| $1,250,000 - $1,449,999 |
12 |
15 |
| $1,500,000 - $1,749,999 |
7 |
11 |
| $1,750,000 - $1,999,999 |
1 |
2 |
| $2,000,000 - $2,999,999 |
6 |
3 |
| $3,000,000 - $5,000,000 |
2 |
1 |
| Unit Total |
221 |
273 |
| Homes Sold January - December 2010 Ridgefield |
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Moving in the Right Direction
Ridgefield continues to show sold signs of recovery. Prices have stablilized and are beginning to trend upwards in certain price categories. Unit sales for 2010 increased a very respectable 23.5% over 2009. Inventory and market time continue to trend in the right direction. The worst seems to behind us. The national outlook is also brighter with existing home sales rising sharply in December 2010, when sales increased for the fifth time in the past 6 months. With the creation of more jobs, personal spending up and consumer confidence getting stronger, we should continue to see positive, steady growth in the real estate sector. With mortgage interest rates still at historic lows, we are poised to have one of our best Spring Selling Markets in recent Years.
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6 BR 6/2 BA 1.28acre Sold 11/2010 $2,350,000.
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5 BR 4/3 BA 2acre Sold 8/2010 $1,350,500.
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4 BR 3/1 BA 1.08acre Sold 7/2010 $976,250.
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4 BR 2/1 BA 2acre Sold 10/2010 $802,000.
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3 BR 4 BA 1.01acre Sold 7/2010 $670,000.
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4 BR 3 BA 1.05acre Sold 7/2010 $586,000.
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| Fairfield County Real Estate 2010 Year in Review |
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Snapshot of a Few Neighboring Fairfield County Towns
| Town |
Jan-June
2009
Unit Sales |
Jan-June
2010
Unit Sales |
% Change |
Jan-June
2009 Avg.
Sale Price |
Jan-June
2010 Avg.
Sale Price |
% Change |
| Fairfield |
467 |
606 |
29.76% |
555,000 |
520,000 |
-6.31% |
| New Canaan |
132 |
192 |
45.45% |
1,393,750 |
1,452,500 |
4.22% |
| Norwalk |
444 |
506 |
13.96% |
440,000 |
440,750 |
0.17% |
| Redding |
70 |
77 |
10.00% |
559,000 |
649,000 |
11.21% |
| Ridgefield |
221 |
273 |
23.53% |
647,000 |
719,500 |
11.21% |
| Stamford |
491 |
540 |
9.98% |
575,000 |
591,500 |
2.87% |
| Weston |
92 |
121 |
31.52% |
825,000 |
830,000 |
0.61% |
| Westport |
251 |
355 |
41.43% |
1,178,000 |
1,145,000 |
-2.80% |
| Wilton |
138 |
166 |
20.29% |
756,250 |
775,000 |
2.48% |
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Westport
7 BR 7/2 BA 3.17acre Sold 8/2010 $3,050,000.
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Redding
4 BR 2/1 BA 2acre Sold 10/2010 $725,500.
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Signs of Stability
For most towns in the area, sales generally dropped trought the first half of 2009 and bottomed in the third quarter. Sales recovered in the first half of 2010 and have been holding steady since then. A reasonable explanation is that government incentive programs (htat ended mid-year) generated additional sales in the first half of the year. Median prices have been trnding up troughout 2010.
Towns such as New Canaan and Westport experienced the highest increase in sales units over last year. Redding experienced the highest incease in median sales price when compared to 2009.
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.
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.
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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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