What Is My Home Worth? Weston, CT 06883 June 2015
Weston is one of the most beautiful communities in Connecticut. It's population at the time of the last census reached 10,502 which encompasses 3,529 households.
Being 45 minutes from New York City and award winning Blue Ribbon schools, this town is very desirable.
Weston consists of three neighborhoods: Georgetown, Weston Center and Lower Weston. They have a picturesque downtown area surrounded by many parks, field clubs and a nature conservancy.
Overall, The National Association of Realtors has stated that the U.S. housing market is at its strongest since 2001.
This graph above shows the number of homes sold in Weston each month for the past 3 years with the yellow bars representing the current year. Weston home sales are up this past May in comparison with the previous three years. Unlike Westport and Ridgefield which both saw decreases in home sales likely due to this past winter, Weston sales were rather high for May than they usually were.
As this graph indicates the stronger a market gets, the more competitive bidding exists, the closer your sales price will move to your list price. Therefore, as you can tell, the Weston Real Estate Market is currently stable. The prices of homes being sold in Weston are being sold closer to asking price this year from last year. They are relatively equivalent to what they were in the previous month of April.
The above graph shows the average number of days a house will spend on the market last year by town in Fairfield County. The number of days a house in Weston spends on the market is higher than average for the towns surrounding it in Fairfield County. It spends more time on the market than in Danbury, Norwalk, Wilton, Ridgefield, and Westport and houses are sold only slightly quicker than in Newtown but not by much.
The graph above displays the average price a house was sold for each month in a specific town. Weston homes are averaging just under $1,000,000 for the past two months and were on the upward trend and have begun to level out and become more stable.
The most recent stock market collapse was during 2008. A steady decrease in average sale prices for homes in Weston can be clearly seen above when it was difficult to buy houses at such previously high rates.
Despite the most recent stock market crash occurring 7 years ago, the economy has not completely recovered. However, this graph above showing the average sale prices for homes in Weston has slowly begun to increase since 2013 as seen in the upward linear trend line. It has not returned to its former peak at over $2,000,000 a year before the collapse, but has once again averaging close to or about $1,000,000.
The most recent ranking of the nation’s high schools published by U.S. News & World Report distinguished Connecticut with 11 gold medal schools, 24 silver medal schools, and 4 bronze medal schools. Of the top 10 best high schools listed, half were in the 26th district. Weston, Ridgefield, Wilton, Joel Barlow, Darien, New Canaan, and Staples High School were recognized.
This article has been written by Dagny Eason.
Feel free to call Dagny Eason to discuss this at (203) 762-1700
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