About Fairfield County, CT

Ridgefield, Connecticut Real Estate Update
September, 2009

Closed home sales in Ridgefield, Connecticut:

There were 25 home sales closed in Ridgefield, CT.

The median closed sales price in Ridgefield was $65,000.

On average, these homes sold for 94.1% of their final list price.

Marketing time averaged 249 days on market.

NOTE: 24% of these sales were bank-owned foreclosure properties

This compares with 15 closed sales in September, 2008, with a median sales price of $710,000.

Currently available homes for sale in Ridgefield, Connecticut:

Currently, there are 240 homes for sale in Ridgefield, CT.
List Prices range from $229,900 for a small cottage in a lake community to $8,850,000 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.

Ridgefield, Connecticut Real Estate Update
August, 2009

Closed home sales in Ridgefield, Connecticut:

There were 22 home sales closed in Ridgefield, CT.

The median closed sales price in Ridgefield was $647,250.

On average, these homes sold for 92.4% of their final list price.

Marketing time averaged 112 days on market.

This compares with 23 closed sales in August, 2008, with a median sales price of $690,000.

Currently available homes for sale in Ridgefield, Connecticut:

Currently, there are 240 homes for sale in Ridgefield, CT.
List Prices range from $229,900 for a small cottage in a lake community to $8,850,000 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.

Bethel, Connecticut Real Estate Update
September, 2009

Closed home sales in Bethel, Connecticut:

There were 13 home sales closed in Bethel, CT.

The median closed sales price in Bethel was $359,000.

On average, these homes sold for 97.3% of their final list price.

Marketing time averaged 133 days on market.

This compares with 9 closed sale in September, 2008, with a median sales price of $435,000.

Currently available homes for sale in Bethel, Connecticut:

Currently, there are 97 homes for sale in Bethel, CT.
List Prices range from $180,000 for a two-bedroom ranch being sold as a short sale to $1,099,000 for a large colonial on over 5 acres.

Bethel, Connecticut is a quaint New England town with a wonderful pedestrian-friendly downtown area with plenty of shops. Bethel borders Danbury to the west, Brookfield to the north and Redding to the south.

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.

Bethel, Connecticut Real Estate Update
August, 2009

Closed home sales in Bethel, Connecticut:

There were 16 home sales closed in Bethel, CT.

The median closed sales price in Bethel was $310,250.

On average, these homes sold for 96% of their final list price.

Marketing time averaged 83 days on market.

NOTE: 31% of this month's sales were bank-owned foreclosure properties. This helps account for the low average days on market.

This compares with 20 closed sale in August, 2008, with a median sales price of $410,000.

Currently available homes for sale in Bethel, Connecticut:

Currently, there are 97 homes for sale in Bethel, CT.
List Prices range from $180,000 for a two-bedroom ranch being sold as a short sale to $1,099,000 for a large colonial on over 5 acres.

Bethel, Connecticut is a quaint New England town with a wonderful pedestrian-friendly downtown area with plenty of shops. Bethel borders Danbury to the west, Brookfield to the north and Redding to the south.

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.

Homebuyer Tax Credit Expanded and Extended

It's Official. Today President Obama signed legislation that extends and expands the former First Time Homebuyers credit. The credit is now simply called the Homebuyer Tax Credit.

The National Association of Realtors has provided a chart which lists changes from the original First Time Homebuyers Tax Credit.

Here is additional information on the Homebuyers Tax Credit provided by NAR:

• If you qualified for the original first time homebuyer credit, you do not have to close by December 1, 2009. Since the new legislation was signed today, that date no longer exists.
• If you are an existing homeowner, your new house does not have to cost more than your old house.
• If you are a first-time homebuyer but did not qualify for the credit due to income limits, you may be eligible for the credit or a portion of it if you're within the phase out range.
• The $800,000 is the absolute ceiling for a home purchase. No proration of credit is allowed if your new home exceeds that amount.
• If you lived in your home for at least five consecutive years out of the last eight years (maybe you rented wihin that eight year period) you are eligible.
• If you are currently in escrow and have lived in your present home for five consecutive years, you should be eligible for the $6,500 credit.

• The tax credit does not need to be repaid provided the buyer occupies the home for three years or more.

Buyers should consult their tax specialist for homebuyer tax credit information specific to their situation.