Weston, CT

Seven months into the year, Weston is showing the signs of this difficult Real Estate market. Through July 31, 40 Single Family homes have sold. This is 45% below the pace of last year. This pace is trailing 2007 by 61%.

The Average Selling Price is $963,863 so far this year. This number is down 23% from last years $1,281,550. Homes sales are the highend are experiencing the largest slowdown. So far this year, no homes over $3 Million have sold.

This data is based on the Greater Fairfield County MLS.

Weston Real Estate Trends

April 2008

The trend is clear. Slower sales in the first three months of 2008 are driving up the inventory of homes for sale. Having 22% more homes on the market is a big jump over last year. The 175 homes on the market is a higher total than for any month in 2007. Unless sales trends turnaround soon, there are going to be a lot of disappointed sellers, or should I say Non-Sellers, in 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 Real Estate and Home Sales Update

February 2008

Weston seems to be keeping up with last year's pace. Ten Closed sales may be down from last year but it is ahead of 2006 and one strong month will make up the difference.

Prices are running strong too. So while we haven't shot out of the gates like a cannonball, we haven't stumbled either. All eyes turn to the Federal Reserve to see what the lies ahead for interest rates.

The lowest priced home was 25 Old Stage Coach Road - a 3 Bedroom Ranch with 2416 SF and 2.33 Acres built in 1955. It sold for $500,000. The highest priced home was 10 Old Easton Turnpike - a 5 Bedroom Colonial with 7,220 SF on 6.17 Acres built in 1999. It sold for $5,200,000.