Fairfield County

Home Sale Report

Housing affordability - is it getting worse ? A new report states 90 percent of the new homes being built today can be purchased by just 10 percent of American households. According to the Urban Land Institute and PwC, the lack of affordable homes is not only having a profound impact on homebuyers and sellers, it is also discouraging employers who might be considering a move to places where there is simply not enough lower priced homes for their workers. Read the full report.....
Our Market Performance for the Month of October
as reported by the SmartMLS
Quick recap : Home sales drop again from the previous month by about 23%. The median selling price in all towns also went down. It seems buyers are favoring the lower price properties. The average time it takes to sell a home is currently about 150-160 days, although the Norwalk inventory is moving a bit faster at an average of about 82 days. Sales over $2.0 million accounted for about 9% of all transactions, slightly up, and sales below $1.0 million were about 75%, also slightly up.

Real estate is local and varies between each town, area and price point.
For more specific information on your town or neighborhood, contact me.

The Highest Sale for October
50 Connecticut Avenue, Greenwich
Sale price: $4,800,000
Original asking price: $4,875,000
Days on the market: 11

Built in 2014, this custom brick Georgian Colonial is located just 2 blocks from downtown Greenwich and walkable to the train station. It offers over 5000 square feet of living space, 13 rooms, 5 bedrooms, 5 full baths, 2 partial baths and 4 fireplaces. Listed and sold by Houlihan Lawrence.
The Second Highest Sale for October
281 Lambert Road, New Canaan
Sale price: 3,398,000
Original asking price: $3,398,000
Days on the market: 46

Originally built in 1906 and completely remodeled in 2013, this country estate offers 4.67 acres of land, over 10,000 square feet of living space, 16 rooms, 6 bedrooms, 6 full baths, 3 partial baths, and 8 fireplaces. Listed by Higgins Group, sold by Houlihan Lawrence.
The Lowest Sale in October
34-A Old Georgetown Road, Weston

Sale price: $163,000
Asking price: $150,000
Days on the market: 163

Built in 1890, this charming Ranch style home sits on .42 acre of land and features over 1000 square feet of living space, 5 rooms, 2 bedrooms, and 1 bathroom.
Listed and sold by Coldwell Banker.
All styles, sizes and budgets. Fairfield County has something to suit every lifestyle.

Elizabeth Tardif

CT Licensed Broker, REALTOR
Coldwell Banker Residential Brokerage