Ridgefield, Connecticut Real Estate Update
June, 2008
Closed home sales in Ridgefield, Connecticut:
There were 39 home sales closed in Ridgefield, CT.
List Prices ranged from $399,000 - $2,750,000.
Closed Sales Prices ranged from $375,000 - $2,400,000.
On average, these homes sold for 94.3% of their final list price.
Marketing time ranged from 7 - 993 days on market. The average was 288 days on market.
This compares with 52 closed sales in June, 2007, with an average sales price of $930,113 and a median sales price of $821,250.
Currently available homes for sale in Ridgefield, Connecticut:
Currently, there are 239 homes for sale in Ridgefield, CT.
List Prices range from $279,900 for a small ranch to $10,000,000 for a 16,000 square foot contemporary showpiece.
Ridgefield, Connecticut is a wonderful New England town bordering New York's Westchester County. It is popular with those commuting to lower Fairfield County, Westchester County and New York City.
This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale
Data compiled from the Greater Fairfield County MLS and believed to be accurate.
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Real estate sales in the Greater Danbury/Candlewood Lake area of Connecticut. Appraisal services for all of western Connecticut. Visit www.FabRealEstate.com today. For all your real estate needs...
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I am surprised at the average days on the market. Hope it improves .
Hi Gita - the average days on market around here typically varies between 150 - 250 days in each of the various towns.
What we find is that an overpriced home - even overpriced by just 10%, will sit on the market forever. Typically those homes on the market for a year or more were overpriced by 20% or more.
Don - it is interesting to see different areas in this group and what the average prices are and average DOM. I feel really lucky suddently, although our prices in Sacramento, CA have continued to decline, our average DOM has gone down considerably. Last year at this time, in some areas in Sacramento County we had almost a 2 year inventory of homes; in those same areas this year we are down to 2-3 months inventory. Things are improving here!
Lori - Glad to hear the Sacramento market is improving! Is that due to sales or homes being taken off the market?
Ridgefield is a sought-after town with high prices. With about a 5-6 month supply of homes, the town is not doing badly. Other local towns have well over a one year supply.
The nice thing about this area is you can still find some starter homes in the $300,000 range, as well as move-up homes in the multi-millions. There's something for everyone!