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 |
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Year to Date Sales of Single Family Homes |
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As of March 30 |
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| 2008 | 2007 | 08 vs 07 | 2006 | 08 vs 06 |
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Closes | 16 | 21 | -24% | 17 | -6% |
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Median Price | $1,025,000 | $935,000 | 10% | $1,049,000 | -2% |
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Avg Selling Price | $1,318,031 | $1,068,048 | 23% | $1,285,765 | 3% |
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Prepared by the TETREAU Real Estate Group from W. Raveis Real Estate |
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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.
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