Fairfield County Home Sales – December 2017

25 Lower Cross Road, Greenwich, listed by David Ogilvy & Associates and William Raveis. Sold by David Ogilvy & Associates for $21,000,000

The highest single family sale for the month of November in Southern Fairfield County was 25 Lower Cross Road in Greenwich, selling for $21,000,000.    This home features over 8000 square feet of living space, 20 rooms, 7 bedrooms, 7 full baths, 3 half baths, 8 fireplaces, 4 additional cottages, a 22 stall horse stable and exquisite views and gardens.    The home was on the market for a total of 276 days.

25 Lower Cross Road, Greenwich

Market time varies considerably depending on location and price.  In the city of Norwalk where the median selling price for November was $423,000, the average market time was 70 days.  Stamford and Fairfield followed this month with market times of less than 100 days.  By contrast, in the town of Wilton, which has a median selling price of $650,000, the average time to sell a home was 255 days for the month of November.   New Canaan follows with the second longest market time of 210 days where the median selling price is $1,727,000.

Home sales in the over $2,000,000 price range were 35 for the month representing about 13% of the total sale activity.

Below are the November market statistics as reported by the SmartMLS for the area.   Home values remain highest in the towns of Greenwich, Darien and New Canaan respectively.    Stamford, Fairfield and Norwalk continue to lead in the number of sales where the markets are more diverse.

 

    Town November Sales  Median Sale Price         Selling Price per Square Foot Average Days on  Market
Darien      19 1,670,000        436.00     161
Fairfield      54    612,500        242.00       99
Greenwich      22 1,422,485       473.00     141
New Canaan     14 1,727,000       370.00     210
Norwalk     42    423,000       227.00       70
Stamford     57    505,000       209.00      76
Weston    11    535,000       170.00    154
Westport    37    972,500       314.00    107
Wilton    19    650,000       224.00    255

For additional Lower Fairfield County real estate information including searching for properties, calculating a mortgage, and researching community information, please visit:

LizTardifRealEstate.com