Ridgefield CT 06877 Market Report October 2011 Sales

Ridgefield CT 06877 Market Report October 2011 Sales

9 Ridgefield homes have been sold in the past month:

• 6 homes sold under $500,000 

• 3 homes sold for between $500,000-$1M

• 0 homes sold for under $1M - $1.5M
• 0 homes sold for under $1.5M - $2M
• 0 homes sold for under $2M and over

The real estate market for October in Ridgefield CT 06877 has been reasonably steady until this year, when the market above $1M dropped off a cliff for October.

October 2011 recap:

Total home sales for the month: 9
Average Days on the Market: 100
Low value of $185,000 for a ranch.
High value of $989,000 for a colonial.
Average sold price of $490,166.
Median price of $465,000.
Average list price was $518,610.
Actual purchase price was an average of 5.5% off of the list price.

My goal in sharing these Ridgefield real estate market reports with you is to give a better understanding of the number of Ridgefield homes for sale, price range of homes sold and real estate market trends month to month for the Ridgefield neighborhoods in which you may be considering buying or selling.

If you are a Ridgefield home seller, it gives you information on recent home sales. Determining current value of Ridgefield real estate is key to pricing a home to sell in today's market. My web site will give you very specific information as you search CT real estate for sale especially as a buyer.

Ridgefield continues to have a large supply of homes for sale and they are selling slowly.
There were 18 homes in pending status in Ridgefield on October 31st. The home absorption rate for Ridgefield homes for sale indicates we still have a buyers' market.

Buyers continue to search for Ridgefield homes and if you want a local realtor specialist to guide you in this market, please give me a call at 203-762-1700.