Weston Home Sales and Real Estate Update - March 2008

Weston Real Estate and Home Value Update

March 30, 2008

Weston Home Values are holding their own and may even be rising. In this market, that is surprising. With only 16 homes sold so far this year, reading too much into trends can be dangerous. With that said, the down trend in units sold is consistent with trends in other neighboring towns. Weston has always been a great value and great find for buyers looking for land, privacy and a slower pace of life - but close to cosmopolitan Westport and a short train ride to the city that never sleeps - New York!

It will be worth following to see if sales bounce back and prices stay strong.....or if sales continue their downward spiral and this puts increasing pressure on home prices.

WESTON Update
Year to Date Sales of Single Family Homes
As of March 30


	2008	2007	08 vs 07	2006	08 vs 06
Closes	16	21	-24%	17	-6%
Median Price	$1,025,000	$935,000	10%	$1,049,000	-2%
Avg Selling Price	$1,318,031	$1,068,048	23%	$1,285,765	3%



Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate

Posted Saturday Apr 19

Mike Tetreau - Sales Vice President ABR, CRS, GRI
William Raveis Real Estate - Fairfield, CT

Mike Tetreau - Sales Vice President ABR, CRS, GRI : Real Estate Agent in Fairfield, CT

Office: (203) 255-6841

Mobile: (203) 520-8318
Secondary: (203) 659-0622

Our Business is helping friends and clients every day.....give us a call, we are glad to help! We serve Fairfield, Southport, Westport, Easton, Weston, Wilton and Trumbull.