Weston, CT

Weston Real Estate and Home Value - January 2008 Update

So far this year, there just hasn't been enough activity to get a real handle on the market. Weston Real Estate finished strong in 2007 up from a slow 2006. This year is off to a slower start than 2006 and that doesn't look good. It is way to easy to change that trend with a strong February or March. When you only sell 150 or so homes in a year, one slow month doesn't hold you back from a good year.

The top selling home so far as been 40 Cardinal that went for $1,525,000. It looks like Weston is suffering like several of the surrounding towns from a lack of buyers. The most likely cause is the doom and gloom from the national media and the anticipation of the Fed's dropping interest rates even lower....so stay tuned!

For more detailed information on home sales and the latest on Homes for Sale, please visit my web site at http://www.tetreau.com/

Weston Yearend Update - 2007

Weston made a comeback from the down year of 2006. Unit Sales were up 13% - not quite back to the level of 2005 but definitely moving in the right direction. Median Price and Average Selling Price both were stable moving towards trending up. A good sign for the local Real Estate Market.

Weston has always been a refuge for those home buyers seeking a larger home and the land go with it. A balance between the privacy of your own estate and the short trip to the more cosmopolitan Westport.

In 2007, there were seven homes that sold for over $3 Million including the "Byebrook" estate originally built in the 1930's on 13 acres going for $6 Million. The prior year only three broker the $3 Million mark with the highest hitting $5.5 Million. And in 2005, five homes sold for over $3 Million with the Kellog Hill estate built circa 1802 on 32 acres selling for $9.6 Million.

Or visit my web site at: www.tetreau.com