Wilton Real Estate and Home Values - January 2008 Update
The Wilton Real Estate market continues its trend of slow starts to the year. 2006 and 2007 were definitely "off" years for the local housing market. This year seems to be following that trend with only 10 sales in January.
While it is still too soon to project how the year will finish, the next two months become crucial. Wilton has been suffering from a lack of unit sales - or a lack of buyers in the market. This makes real estate investments less liquid and puts downward pressure on prices.
The top sale so far this year is $2,940,000 spent on 378 Nod Hill Road for a 7,000SF home on 4+ acres.
For more information on all the homes for sale in Wilton and the rest of Fairfield County, please visit my web site at http://www.tetreau.com/
WILTON Update | |||||
Year to Date Sales of Single Family Homes | |||||
As of January 31 | |||||
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| 2008 | 2007 | 08 vs 07 | 2006 | 08 vs 06 |
Closes | 10 | 10 | 0% | 11 | -9% |
Median Price | $1,003,000 | $1,010,000 | -1% | $1,025,000 | -2% |
Avg Selling Price | $1,165,200 | $1,067,350 | 9% | $1,274,773 | -9% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate | |||||
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