Southport Real Estate Update

By
Real Estate Agent with William Raveis Real Estate - Fairfield, CT

The last two years have not been kind to Southport Real Estate.   21 Homes sold so far this year....down 22% from last year and down 54% from 2007.

Median price is up 6% over last year but down 16% from 2007. The increase over last year may be just a function of too few homes being sold.   Avg Selling Price is off 11% from last year and a whopping 46% from 2007. The Average Price in 2007 was $1,790,685.

Southport is a great example of the current problem in the Real Estate market. Simply, it is a lack of buyers. Southport is a very desirable and prestigious location.  It is Fairfield's town within the town.  The harbor area is as beautiful as ever.  There are plenty of homes for sale at some very good prices. Mortage Money is available and being offered at some very good interest rates.

All that is missing is the buyers!

This data was compiled from the Greater Fairfield County MLS.

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Mike Tetreau

ABR, CRS, GRI, Sales Vice President
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