Market Information

Closing Costs

Run Like a Mother in Ridgefield!

Spring is here and I can’t think of a better way to get outside than to Run Like A Mother in Ridgefield! Community involvement has always been high on my list of priorities and I love giving back to the great town of Ridgefield after all it’s given me. Now in its sixth year, I’m proud to say that I’m still thrilled to be a lead sponsor of this wonderful event. As a mother, you give selflessly and tirelessly all year long. Run Like A Mother offers you the opportunity to participate in a day focused on you, allowing the other people in your life to give you the praise and encouragement you deserve. And you’re raising money to support local charities at the same time!

This year, I’m continuing to provide “Murtaugh’s Motivation Station” where friends and family can create inspiring posters or motivate you throughout your 5K. Available at package pick-up, or at my tent during the race, Murtaugh’s Motivation Station and Run Like A Mother are a part of my Mother’s Day tradition.

My longstanding business philosophy is to give back and empower the community I live in. My motto: Expert Representation, Exceptional Results. Come and join us on Mother’s Day May 12th and Run Like A Mother.

To register visit the Run Like A Mother website. You can also download a training calendar to get you started. And don’t forget to come by Murtaugh’s Motivation Station and say hello!

Download RLAM 6 Week 5K Training Calendar


Closing Information

Ridgefield’s Luxury Real Estate Follows The Trend

The luxury real estate market is almost a unique product in the modern economy. It behaves in a way that is atypical of other products. Christie’s International Real Estate reports in its 2012 market report ‘Luxury Defined’ that although luxury real estate remains “driven by global economic and political trends, the luxury property market continues to see activity that remains relatively impervious to these [economic trends] and more closely follows the luxury goods market”. For buyers today, this means that luxury real estate is not only an enjoyable experience for those that can afford it, but also a good investment.

Last year, the selling prices of luxury goods rose more quickly than the general economy. The Bain annual report of the state of the luxury market finds that the market for luxury products and services is experiencing steady growth. Compared to general U.S. housing prices, which are expected to increase only one or two percent a year, the luxury market is a top performer. “Luxury residential purchases, even trophy properties, can be considered a conservative investment,” Christie’s reports, just as real estate continues to be most individual’s way of storing money.

In Ridgefield, we are seeing a slow uptick in the number of luxury home sales in the $2 million plus range, resulting in five closed sales in 2012 compared with two in 2011. With interest rates still at record lows, and money cheap, it’s a great time to think about getting into the luxury real estate market.

You can download the full Christie’s International Real Estate ‘Luxury Defined’ market report here. For more information about my luxury listings, or to view all luxury properties in Ridgefield and greater Fairfield County, search the MLS. And don’t forget to sign up below to receive new properties directly to your inbox.


February Market – Ridgefield

Despite the blizzard, Unit Sales for the month of February outpaced 2012 by nearly 6% and key indicators show that the market is improving. The Sales to List Ratio improved by 2.2% versus one year ago with homes selling at approximately 96% of their list price. Inventory is actually down 13% over the same period last year, bringing the Months of Supply down to 10.3%. Both the Median and Average Sales Price are down 21% and 28% respectively.

In summary, unit sales are continuing to climb and prices seem to have bottomed out, especially for certain price segments such as homes priced under $1,000,000 in a desirable location, updated and in good condition. We are also experiencing increased showing activity and, in some cases, multiple offers. As unit sales continue to improve and inventory starts to decrease values will slowly start to rise, provided the economy continues to show signs of improvement. With the stock market up in recent days, analysts are more positive with their outlook on the housing market. Real Estate is very local and if the launch of our Spring selling season is any indication, Ridgefield is on its way to the best season in years!

Karla Ridgefield Feb 2013