Wilton, CT

Wilton also seems to be feeling the brunt of this Real Estate market. While 75 Single Family homes have sold in the first seven months of the year, this trails last year by 24%. This years performance is dramatically off the same period in 2007 where 150 homes were sold. Double the number for this year.

The Average Selling Price came in at $851,893. This is down 21% from last year. Like many surrounding towns, the highend segment has shown the biggest decline. There was just one home that sold for over $2 Million so far in 2009. Just two years ago, 15 homes priced over $2 Million sold in the first seven months of the year.

The data shows that with plenty of homes on the market, low prices and low interest rates - the market is being driven by a lack of buyers. On the reverse side, if you are a buyer, this is the best market in a long, long time to buy.

This data is from the Greater Fairfield County MLS.

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.