Wilton Yearend Update for 2007

Wilton Yearend Update - 2007

The Wilton Real Estate market has really cooled off! After enjoying a decade of one of the most valued towns in Fairfield County, the tables have turned. Units Sold are off 12% from 2006 - as we all know one of the worst years for home sales in the entire county. The really bad news is this continues a trend. The 220 homes sold is down 34% from 2005! This is the largest drop in sales for a town in this area - matched only by the drop in Bridgeport.

In most surrounding towns, prices are flat to trending up. Here we find prices are flat to trending down. The high end sales really tell the story. In 2007, we had 19 homes sell for over $2 Million including one for over $3 Million (a Ridgefield Road home sold for 3.125 Million). In 2006, we saw 20 homes sell for over $2 Million including three for over $3 Million. Both down from 2005, when 21 homes sold for over $2 Million including four at over $3 Million - one of these topped the $5 Million mark.

Will 2008 be the bounce back year or will the slide continue?

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