May brought us into Ridgefield’s Spring real estate selling season. We continue to see a decline in the number of closed transactions from the previous year, down by almost half compared to May, 2007 and down about 35% year-to-date. After a few months of decline, one measure of price levels, price-per-square-foot, has rebounded to $287 on average - back in line with historical levels of the past couple of years. . Buyers are still in control but they are generally taking a long time to make decisions and are most nervous about a market decline. Although sales are down, luckily Ridgefield has not experienced a huge erosion in property values mostly due to how desirable people find....
See additional charts and graphs and Read the entire post at Real Estate Chocolate:
Ridgefield, CT Real Estate Market Report: Home Sales June 2008
Ridgefield Realtors specializing in exceptional homes in Ridgefield, Wilton, Redding in Fairfield County, CT. Lake Experts in Ridgefield. Rainbow Lake, Fox Hill Lake, Mamanasco Lake, Twixt Hills
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CT was #37 out of 40 states that had appreciation in 2007. It was measured as 0.81% but it was positive.
see http://www.ofheo.gov/media/pdf/4q07hpi.pdf Page 26.
Hi, Just visited as a former Ridgefielder - we lived on Fulling Mill Lane and sold our home in 1972 for 65K whwn we moved to MA - we now live in VA I think it was #115. We always loved the Fourth of July on the village green. Is the old Ridgefield Hardware still there/?
Karen
Yes, Karen,
Ridgefield Hardware is still here! The town is thriving with little boutiques, cafes, and restaurants! We love it here and are sorry you left! -Brad