Greenfield Hill Neighborhood Update
June 2008
The slow market is hitting all segments and neighborhoods of Fairfield. Greenfield Hill one of the most desirable neighborhoods in town and the location for many of the larger estate properties is feeling the impact of the current real estate slump. Home Sales are off 43% from last year for the same period. With 86 homes on the market and sales of 5 per month so far this year, we are looking at an average market time of over 17 months. This makes planning to move a rather challenging adventure....
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Greenfield Hill Update |
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Year to Date Sales of Single Family Homes |
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As of June 30 |
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2008 |
2007 |
08 vs 07 |
2006 |
08 vs 06 |
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Closes |
30 |
53 |
-43% |
45 |
-33% |
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Median Price |
$1,250,000 |
$1,200,000 |
4% |
$1,185,000 |
5% |
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Avg Selling Price |
$1,298,750 |
$1,373,522 |
-5% |
$1,361,289 |
-5% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate |
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