Dagny Eason, Fairfield County's Real Estate Blog: WHAT IS MY HOME WORTH? FAIRFIELD COUNTY CT JUNE 2015

WHAT IS MY HOME WORTH? FAIRFIELD COUNTY CT JUNE 2015

What Is My Home Worth? Fairfield County CT June 2015

 

LIVING IN FAIRFIELD COUNTY, CONNECTICUT

Fairfield County (FCC), Connecticut, is known as one of the most desirable areas in Connecticut, as well as the entire United States.

 

There are 23 towns located in this beautiful area just north of New York City. These are: Bethel, Bridgeport, Brookfield, Danbury, Dairen, Easton, Fairfield, Greenwich, Monroe, New Canaan, New Fairfield, Newtown, Norwalk, Redding, Ridgefield, Shelton, Sherman, Stamford, Statford, Trumbull, Weston, Westport, and Wilton. 

 

 

The graph above represents the number of houses sold in the past year broken down by month. This graph in particular shows houses in northern Fairfield County, including Bethel, Brookfield, Danbury, Newtown, and Redding. Redding has very small amount of homes sold each month comparatively to the surrounding towns especially Danbury and Newtown. Bethel and Brookfield are average towns in this mix, selling more homes than Redding but much fewer than in Danbury and Newtown. 

 

The graph above represents the number of houses sold in the past year broken down by month. This graph in particular shows houses in southern Fairfield County, including Norwalk, Ridgefield, Weston, Westport, and Wilton. By month, Norwalk sells many more houses than the surrounding areas seen above. Ridgefield and Westport fluctuate at similar rates and Weston is shown to sell the fewest homes out of all the towns.

 

 

This graph above displays the average price of homes sold in the previous year. This graph in particular shows houses in northern Fairfield County, including Bethel, Brookfield, Danbury, Newtown, and Redding. Redding has the highest average sale price by about $200,000 than any surrounding town. This would account for the decrease in home sales in Redding seen in the first graph above. When the average price of homes are so high, not as many of the houses will sell especially when the market is still recovering. Danbury is observably the cheapest place to purchase a house at the moment, and Bethel, Brookfield, and Newtown are all averaging between about $300,000 and $400,000. 

 

 

This graph above displays the average price of homes sold in the previous year. This graph in particular shows houses in southern Fairfield County, including Norwalk, Ridgefield, Weston, Westport, and Wilton. Westport has the highest average sale price by about $400,000 than any surrounding town. Norwalk is observably the cheapest place to purchase a house in this area which would account for the increase in home sales in Norwalk seen in the second graph above. When the average price of homes is low, more people will be able to sell their houses. Ridgefield, Weston, and Wilton are all in middle range between Norwalk and Westport. 

 

 

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 Brookfield and Bethel Real Estate Markets are both been improving throughout the previous year. Danbury and Newtown are relatively stable averaging at 96% and Redding is observed to change the most. Over the course of the year, the percentages ranged from as low as 91% to as high as 98% this past November.

 

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, most of the towns real estate markets start well, see a small decrease in February/March, pick back up again in the summer months, and then stabilize towards the end of the year. Weston is observed to change the most out of all the towns seen above in southern Fairfield County. Over the course of the year, the percentages ranged from just under 91% and as high as 98.5%.

 

 

 

 

 

 

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

 

  Dagny Eason | Broker 

   Direct Line: 203-762-1700 

Website: www.DagnysRealEstate.com

Email: Dagny@DagnysRealEstate.com

 

I am hiring agents. We offer great splits, outstanding support, marketing resources, and banana bread. 

 

I am always mobile, but right now I am near Lower Fairfield County, CT

 

"He who knows he has enough is rich."

 


 

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Comment balloon 0 commentsDagny Eason • June 17 2015 06:44AM

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