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Ridgefield, CT

Ridgefield, CT - August, 2008 Real Estate Market Report

Don Fabrizio-Garcia  - Connecticut Real Estate & Appraisals: Real Estate Agent in New Fairfield, CT

Ridgefield, Connecticut Real Estate Update
August 2008

Closed home sales in Ridgefield, Connecticut:

There were 22 home sales closed in Ridgefield, CT.
List Prices ranged from $365,900 - $1,784,000.
Closed Sales Prices ranged from $300,000 - $1,770,000.

The average closed sales price in Ridgefield was $730,613.
The median closed sales price in Ridgefield was $649,000.

On average, these homes sold for 95% of their final list price.

Marketing time ranged from 42 - 378 days on market. The average was 177 days on market.

This compares with 49 closed sales in August, 2007, with an average sales price of $994,545 and a median sales price of $840,000.


Currently available homes for sale in Ridgefield, Connecticut:

Currently, there are 249 homes for sale in Ridgefield, CT.
List Prices range from $229,900 for a small one-bedroom ranch to $10,000,000 for a 16,000 square foot contemporary showpiece.


Ridgefield, Connecticut is a wonderful New England town bordering New York's Westchester County. It is popular with those commuting to lower Fairfield County, Westchester County and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Ridgefield, CT Real Estate Market Report: Home Sales June 2008

The Kimmelman-Gutman Group: Real Estate Agent in Ridgefield, CT

Ridgefield CT Real Estate Stats

Ridgefield Real Estate Market Commentary

May brought us into Ridgefield’s Spring real estate selling season. We continue to see a decline in the number of closed transactions from the previous year, down by almost half compared to May, 2007 and down about 35% year-to-date. After a few months of decline, one measure of price levels, price-per-square-foot, has rebounded to $287 on average - back in line with historical levels of the past couple of years. . Buyers are still in control but they are generally taking a long time to make decisions and are most nervous about a market decline. Although sales are down, luckily Ridgefield has not experienced a huge erosion in property values mostly due to how desirable people find....

See additional charts and graphs and Read the entire post at Real Estate Chocolate:

Ridgefield, CT Real Estate Market Report: Home Sales June 2008

Get physical exposure! Take a stroll!

Joan  Wexelbaum: Loan Officer in Ridgefield, CT

SpringtimeSpring has sprung! This Ridgefield, CT mortgage broker is so excited about the prospect of warm weather, flowers and sunshine. My dilemna is how do I sit in my office sending emails to prospectives, new rate info to realtors or catch up on mortgage reading when the sun is shining and a gentle breeze is blowing...so in order to not feel guilty about not doing what I "should be doing" I put on my trusty Joan Wexelbaum, Mortgage Broker Hamilton Mortgage Ridgefield, CT badge and head downtown. I feel that if I do some walking on Main St., in our lovely downtown, I am doing just as much good for my business than if I were sitting in my office doing "work stuff". I am, afterall, getting "out there" that will both satisfy my need for sunshine as it will for business. Getting physical exposure is just as good and important than written and phone connections; Many times, even better! Get out there...ENJOY! Hey, I forgot it's EARTH DAY - go out and enjoy the extraordinary earth!

How Some Officially Reported Data is Misleading and Why You Need to Know the Truth

The Kimmelman-Gutman Group: Real Estate Agent in Ridgefield, CT

I am about to share with you one of most important, yet most elusive, real estate market statistic: Days-On-Market (DOM).

No one can miss the media hype about crashing real estate markets, the sub-prime lending mess, and foreclosures. What we’ve seen here in the current Ridgefield, CT real estate market, however, doesn’t really match any one of these headlines.

The Ridgefield real estate market has not crashed, in fact we conducted 3.7% more sales in 2007 than in 2006 with just a minor softening of prices. The sub-prime mortgage situation has only indirectly effected our business in that lenders now require more documentation from borrowers. And we’ve only seen a handful of foreclosure sales, nothing extraordinary.

So what has changed? It can’t be business as usual, can it?

READ THE ENTIRE POST AT REAL ESTATE CHOCOLATE:

How Some Officially Reported Data is Misleading and Why You Need to Know the Truth

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A Public Open House Extravaganza!

The HomeVision Group: Real Estate Agent in Ridgefield, CT

The HomeVision Group at Keller Williams Realty invites you to open houses at these properties in Ridgefield, CT, Sunday, March 30 from 1pm to 3pm. Preview the properties at their web sites:

Vintage Compound Ridgefield CT farmhouse horse property guest house www.249NodRoad.com

Ridgefield condo tri-level townhouse affordable great value in-town http://www.visualtour.com/show.asp?T=1099204&prt=10003

Totally like new 3000 square feet private setting www.6HuldaLane.com

Cul de sac privacy Neighborhood with pool Newer home 3-bedrm colonial Like New www.7TaylorCourt.com

Vintage property Pond Barn Guest apartment Pre-Revolutionary Antique www.673RidgeburyRoad.com

Updated 4-bedroom Dutch Colonial Privacy 3-season porch 3000 square feet www.66CooperHillRoad.com