About Fairfield's Greenfield Hill

The recent slowing in sales has hit the prestigious Greenfield Hill neighborhood too. This section of Fairfield is home to some of the largest properties and estates in town. As of July 31, 31 Single Family homes have been sold. This is down 25% from the homes sold last year. It is a decrease of 55% from the 69 homes that sold during this period in 2007.

The Average Selling Price for the year is $1,183,563. This compares to an average for last year of $1,319,107 or a 10% decline. It is off 18% from the same period in 2007 when Homes averaged $1,445,488.

The higher end homes seem to be feeling the impact of this downturn too. There were 4 Homes sold for over $2 Million this year compared to 12 homes in 2007. This represents a decline of 66%.

This analysis is based on data from the Greater Fairfield County MLS.

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Greenfield Hill Update

March 2008

Greenfield Hill is off to a slow start to 2008 just like the rest of Fairfield and the surrounding region. Unit Sales are off 32%. The Median Price came in higher than the Average Selling Price demonstrating the slow demand in the highend property segment. In fact, the highest sale in Fairfield's Estate neighborhood came in at just over $1.8 million. You would think that Greenfield Hill buyers are somewhat insulated from the short term ups and downs of our economy. However, this year it looks like everyone is taking a wait and see approach to buying.

Greenfield Hill Real Estate - 2007 Yearend Update

The Greenfield Hill Neighborhood rates as one of the most desirable places to live in Fairfield. While highly desirable Southport has the character and charm of Colonial times, Greenfield Hill has its own special qualities. It comes with a combination of our Colonial Heritage in some of the historic properties along with a sense of Fairfield's agrarian past. This is where the land is. Most homes are situated on 2 or more acres per lot.

While unit sales have dropped a bit in the past two years, both the Median and Average Selling Price haven't wavered. Greenfield Hill remains high on the list of most sought after addresses. And with vacant land a scarce commodity in the Fairfield area, values here are destined to keep rising.

If you would like more information on Fairfield's Homes for Sale or recently sold Homes, please come visit my web site at http://www.tetreau.com/