Thursday, September 28, 2017

Mid-Fairfield Sales Through Labor Day 2017

Our Mid-Fairfield area, which includes Westport, Weston, Wilton and Fairfield has seen remarkably steady sales in 2017 compared to last year.

Westport, which tends to be locomotive for sales in the 4 towns has had the best year statistically, with 308 sales thus far this year compared to 276 sales in 2016 through Labor day.  The median price has gone up incrementally from $1,289,000 in 2016 to $1,325,000 currently. Approximately 1/3 (96) of the 2017 sales have been under $1 million.  The highest sales price recorded in 2017 has been at 75 Beachside Ave., $6,575,000.  There were 53 new home sales with a median price of $2,115,000.

Weston has been a study in regularity.  2017 sales have totaled 120 compared to 118 in 2016.  The 2017 median price dipped a little over 1% to $789,000. There have been 31 sales over $1 million in Weston, with 4 of those over $2,000,000.  There have been 7 new homes sold year-to-date in Weston.

Wilton too is a near reflection of its neighbor. The 164 sales year to date compares to 163 in 2016, and the median prices have dropped from $808,000 to $765,000, a 5% difference.  34 of these sales have been over $1 million and only 3 have been over $2 million.

Fairfield, with the largest population of the four towns, continues to sell at a steady pace: 573 sales in 2017 compared to 571 in 2016. The median price has inched up from $590,000 in 2016 to $599,000 this year.  There have been 59 new home sales in 2017 with a median price of $1,045,000 compared to 46 last year with a median price of $1,061,300.  The highest sales price in Fairfield in 2017 was at 375 Sasco Hill road  which sold for $3,637,500.

For those who may be looking to purchase and wish to see Rob's Picks of the Week,
email and indicate town and price range and I will get back
to you with the home(s) that I feel represent the best value on the market.

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