Greenfield Hill Update
March 2008
Greenfield Hill is off to a slow start to 2008 just like the rest of Fairfield and the surrounding region. Unit Sales are off 32%. The Median Price came in higher than the Average Selling Price demonstrating the slow demand in the highend property segment. In fact, the highest sale in Fairfield's Estate neighborhood came in at just over $1.8 million. You would think that Greenfield Hill buyers are somewhat insulated from the short term ups and downs of our economy. However, this year it looks like everyone is taking a wait and see approach to buying.
Greenfield Hill Update | |||||
Year to Date Sales of Single Family Homes | |||||
As of March 31 | |||||
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| 2008 | 2007 | 08 vs 07 | 2006 | 08 vs 06 |
Closes | 15 | 22 | -32% | 17 | -12% |
Median Price | $1,237,500 | $1,019,500 | 21% | $1,170,000 | 6% |
Avg Selling Price | $1,213,600 | $1,492,761 | -19% | $1,419,294 | -14% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate | |||||
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