Wilton CT 06897

May 2013

Real Estate Market Data for Wilton, CT, provided by Dagny Eason

Wilton is a great town in which to live, located in Fairfield County, CT.

Wilton has one of the best school systems in the state and every year is at the top of "best of" lists in both Connecticut Magazine and US News and World Reports. There are many things to see and do here in Wilton.

Today I thought we could explore the Cannondale section of Wilton. This area is a quaint and charming section of town where you get the feeling that you have transported back in time.

Cannondale Railroad Station, Cannon Crossing and many antique farm style homes make up this part of Wilton. The land was first settled on in the 17^th century. Originally call “Pimpewaug” by the Indians the name was later changed to Cannon after a prominent family in the area. The Cannon family owned the general store and later played a key role in the opening of a post office at the Cannon train station. In November of 1915 the final name of Cannondale was given to this historic part of Wilton.

Although the area looks old-fashioned, today there are stylish stores such as Bella & Co. and a very trendy restaurant. The Schoolhouse at Cannondale is a wonderful and modern restaurant, the owner and chef is a Wilton native.

Wilton Number of Active Listings for this year and 2012 &2011

Months of Inventory or Absorption Rate 2011, 2012 current 2013

Months of Inventory, or Absorption Rate

Months of Inventory, or Absorption Rate is the rate at which homes are selling in a specific area. The fewer months homes are available the better the market is for the seller. A buyers market is when the prices are driven down because the market is saturated with available homes to buy. See the chart above for the3 year comparison. Yellow is 2013.

Home sales are looking good so far in Wilton, CT. In May 10 homes have already closed.

Currently in Wilton..

The Average Home Sale Price in April was $ 724,038 and 16 houses sold. There are currently 172 active listings and 46 pending.

Wilton Sales History

In 2010, 189 homes sold in Wilton with an average price of $812,113, in 2011, 195 homes sold with an average price of $903,332 and in 2012, 235 homes sold with an average price of $768,554.

Wilton, CT

• Population 18,062
• Median Resident Age 40.2
• Estimated Household Income $248,752
• Median House or Condo Value in 2012 $772,579

(These statistics are estimates)