Real Estate Sales Updates for Fairfield County, Ct
Wilton Property Sales |
| July Property sales were 17, up 21.4% from 14 in July of 2010 and -43.3% lower than the 30 sales last month. July 2011 sales were at a mid level compared to July of 2010 and 2009. July YTD sales of 112 are running -2.6% behind last year's year-to-date sales of 115. |
Wilton Prices
The Median Sales Price in July was $889,000, down -21.0% from $1,125,100 in July of 2010 and up 3.8% from $856,500 last month. The Average Sales Price in July was $913,282, down -17.8% from $1,110,979 in July of 2010 and up 2.1% from $894,200 last month. July 2011 ASP was at a mid range compared to July of 2010 and 2009.
Wilton Market Time
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 79, down -13.2% from 91 days last month and up 6.8% from 74 days in July of last year. The July 2011 DOM was at a mid range compared with July of 2010 and 2009.
Westport Property Sales
July Property sales were 37, down -33.9% from 56 in July of 2010 and -32.7% lower than the 55 sales last month. July 2011 sales were at their lowest level compared to July of 2010 and 2009. July YTD sales of 228 are running 0.4% ahead of last year's year-to-date sales of 227.
Westport PricesThe Median Sales Price in July was $1,070,000, down -14.7% from $1,253,750 in July of 2010 and down -2.7% from $1,100,000 last month. The Average Sales Price in July was $1,336,514, down -6.6% from $1,431,368 in July of 2010 and up 5.1% from $1,271,104 last month. July 2011 ASP was at the lowest level compared to July of 2010 and 2009. |
Westport Market Time
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 122, up 28.4% from 95 days last month and up 41.9% from 86 days in July of last year. The July 2011 DOM was at its highest level compared with July of 2010 and 2009.
Weston Property Sales
July Property sales were 6, down -40.0% from 10 in July of 2010 and -57.1% lower than the 14 sales last month. July 2011 sales were at their lowest level compared to July of 2010 and 2009. July YTD sales of 62 are running -12.7% behind last year's year-to-date sales of 71.
Weston Prices
The Median Sales Price in July was $1,040,000, down -20.0% from $1,299,500 in July of 2010 and up 41.1% from $736,925 last month. The Average Sales Price in July was $1,015,333, down -29.8% from $1,446,400 in July of 2010 and up 15.7% from $877,668 last month. July 2011 ASP was at a mid range compared to July of 2010 and 2009.
Weston Market Time
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 76, up 15.2% from 66 days last month and down -9.5% from 84 days in July of last year. The July 2011 DOM was at its lowest level compared with July of 2010 and 2009.
The overall picture seems to be improving ever so slightly. Buyers are going to still benefit from lower prices in Fairfield County. Historically low interest rates still prevail and are expected to remain low for the time being giving buyers a great incentive to jump into the real estate market.
How long will interest rates remain this low ? No one knows .
To take advantage of these rates and lower prices call me : Ninfa Valella at 203-216-7102 or ninfa.valella@cbmoves.com
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