Wilton, CT

Wilton Real Estate Trends

April 2008

The Good News is that Wilton Housing inventory is even with last year. The Bad News is that this continues a 4 year slide in homes sales in the Town of Wilton. Even while many surrounding towns in Fairfield County have performed well, Wilton has slumped. Not that the past few years have been great for the county but "up and down" looks really good compared to "down and down and down".....so we continue to watch and wait for the big Wilton turnaround.

Wilton Real Estate and Home Sales Update

March 31, 2008

The sales of homes in Wilton continues to drop. Closed Units are off 33% from the first three months of 2007. This slide has been developing for several years now. The number of homes sold is off 42% from 2006.

While the Median Price of a Home has been amazingly stable, the Average Selling Price is down due to fewer high end sales.

Wilton Real Estate and Home Sales Update

February 2008

Wilton Home Sales continue to struggle. This year is starting off slower in unit sales than the prior two years. Keep in mind that the last two years were not great performances by any measure. The sliver of hope is that prices seem to be showing some strength. Again we are left waiting for the Fed Reserve to make it decision on interest rates and the next 2-3 months to see which way the trend moves --- up or back down....

The lowest priced home so far was 32 West Church - a 3 Bedroom Colonial with 1,744 SF on .4 Acres built in 1860. It sold for $365,000. The highest priced home was 378 Nod Hill - a 5 Bedroom Colonial on 4.21 Acres built in 1999. It sold for $2,940,000.

Wilton Real Estate and Home Values - January 2008 Update

The Wilton Real Estate market continues its trend of slow starts to the year. 2006 and 2007 were definitely "off" years for the local housing market. This year seems to be following that trend with only 10 sales in January.

While it is still too soon to project how the year will finish, the next two months become crucial. Wilton has been suffering from a lack of unit sales - or a lack of buyers in the market. This makes real estate investments less liquid and puts downward pressure on prices.

The top sale so far this year is $2,940,000 spent on 378 Nod Hill Road for a 7,000SF home on 4+ acres.

For more information on all the homes for sale in Wilton and the rest of Fairfield County, please visit my web site at http://www.tetreau.com/