Greenfield Hill Real Estate Update

The recent slowing in sales has hit the prestigious Greenfield Hill neighborhood too. This section of Fairfield is home to some of the largest properties and estates in town. As of July 31, 31 Single Family homes have been sold. This is down 25% from the homes sold last year. It is a decrease of 55% from the 69 homes that sold during this period in 2007.

The Average Selling Price for the year is $1,183,563. This compares to an average for last year of $1,319,107 or a 10% decline. It is off 18% from the same period in 2007 when Homes averaged $1,445,488.

The higher end homes seem to be feeling the impact of this downturn too. There were 4 Homes sold for over $2 Million this year compared to 12 homes in 2007. This represents a decline of 66%.

This analysis is based on data from the Greater Fairfield County MLS.

To see all the homes in Fairfield County for sale, please visit http://www.tetreau.com