Tag Archive for: Ridgefield

January Market – Ridgefield

The upward market trend we saw happening in the last quarter of 2012 continued into January of this year. Unit sales were 21 for the month, which is a substantial increase over the 8 unit sales seen in January 2012. The median price of $565,000 shows a slight increase (3.9%) over January last year, where $543,750 was the median. Inventory is actually down, but we expect that to increase as we ramp up for the spring market and I feel confident saying that this will be the best spring selling season in years.

Karla Ridgefield Jan 2013

Ridgefield Market Report: 2012 Mid-Year Report

Moving In The Right Direction

Residential Real Estate has continued to strengthen nationally, and more importantly, locally. Ridgefield’s unit sales are up 2.4% when compared to the first 6 months of 2011. Market time has decreased 17% and inventory is up 14.2%, which can be attributed to the spring selling season. More Ridgefield residents decided to list their homes for sale this year versus 2011. When we break down the unit sales through the end of June-81% of the homes sold were priced below $1M, therefore 19% of the unit sales so far in 2012 have been above $1M. Based on pending sales, 15 additional homes priced over $1M are dueto close in the 3rd quarter. Stability in the higher priced segments will be achieved once we bridge the cap between supply and demand.

The Value Factor.

Driving the current market is value. Properly positioning the price of your home is the key in today’s competitive market. Equally important is preparing your home for scale. Buyers react favorably to move-in/turnkey condition.

Outside Factors.

Positive factors such as historically low interest rates and increased buyer activity should continue to move the market forward during the second half of 2012. It is still too early to gauge the effects of the upcoming national election and the global economic issues.

Download 2012 Ridgefield Mid-Year Market Report

http://108.179.243.173/~d5o7l0g4/wp-content/uploads/2013/04/2012-mid-year.pdf

Ridgefield Market Report: 2011 Year In Review

The Power of Consumer Confidence

For 2011, the Ridgefield Real Estate market can best be described as divergent. The sever winter weather resulted in a delayed start of the 2011 selling season. Once home sales finally gained some momentum in late spring and into summer, a damaging hurricane followed shortly thereafter by a record snowstorm in late October diminished any hope for a last quarter increase in sales. these extraordinary events clearly impacted consumer confidence levels and were compounded by the European debt crisis and our own political and economic concerns.

The Value Factor.

Value remains the catalyst in all real estate transactions, spanning over all price segments. Buyers have become more educated with the abundance of information available to them. Motivated sellers realize pricing is critical and in turn, have been able to take advantage of current values when they choose to up-size or down-size. While it’s still too early to predict how the local market will perform in 2012, I am cautiously optimistic. The holiday shopping season showed strong spending and many financial analysts predict the worst is behind us. With long term fundamentals remaining intact, 2012 should show signs of improvement.

Download Ridgefield Market Report 2011 Year in Review

http://108.179.243.173/~d5o7l0g4/wp-content/uploads/2013/04/2011-Year-In-review-Report.pdf

Ridgefield Market Report: 2011 Mid-Year Review

Holding Our Own

What a difference a few degrees makes! As soon as the weather improved, so did our local market here in Ridgefield. Weather has had a big influence as well as current economic conditions. We experienced an uptick in activity thanks to the positive news coming out of Wall Street regarding jobs and bonuses, the wake of a strong stock market performance and corporations transferring employees to the area again. Comparing unit sales for the first 6 months of 2011 vs. the same period a year ago, the largest increases were in the over $1,000,000 segment and under $500,000. So far this year, 27% of the unit sales have been in the $1,000,000+ segment vs. 18% for the same period 2010. The 10% increase in unit sales for homes priced under $500,000, demonstrates first time homebuyers are taking advantage of low interest rates and are now able to enter the Ridgefeld housing market. Unlike other markets across the nation, our home values remain steady in most price categories. Pending Sales for the last 3 months are up 42% when compared to the same period last year. Much of this data points to a slow, steady recovery. Remember, Real Estate is very local.

Moving in the Right Direction

Prices are higher in Fair!eld County and Connecticut on both a median price and price per sq. ft. basis. This seems to be due to increased activity in the higher price ranges. New Canaan and Westport continue to experience double digit increases in both unit sales and median sales price.

Download Ridgefield Real Estate Market Report January – June 2011

http://184.172.173.17/~karlam/wp-content/uploads/2013/03/2011-mid-year-report.pdf