Weston Yearend Update - 2007
Weston made a comeback from the down year of 2006. Unit Sales were up 13% - not quite back to the level of 2005 but definitely moving in the right direction. Median Price and Average Selling Price both were stable moving towards trending up. A good sign for the local Real Estate Market.
Weston has always been a refuge for those home buyers seeking a larger home and the land go with it. A balance between the privacy of your own estate and the short trip to the more cosmopolitan Westport.
In 2007, there were seven homes that sold for over $3 Million including the "Byebrook" estate originally built in the 1930's on 13 acres going for $6 Million. The prior year only three broker the $3 Million mark with the highest hitting $5.5 Million. And in 2005, five homes sold for over $3 Million with the Kellog Hill estate built circa 1802 on 32 acres selling for $9.6 Million.
WESTON Update | |||||
Year to Date Sales of Single Family Homes | |||||
As of December 31 | |||||
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| 2007 | 2006 | 07 vs 06 | 2005 | 07 vs 05 |
Closes | 149 | 132 | 13% | 188 | -21% |
Median Price | $1,000,000 | $1,000,000 | 0% | $1,025,000 | -2% |
Avg Selling Price | $1,295,047 | $1,214,333 | 7% | $1,277,633 | 1% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate | |||||
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Or visit my web site at: www.tetreau.com
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