January home sale statistics for lower Fairfield County covering the towns of Darien, Fairfield, Greenwich, New Canaan, Norwalk, Stamford, Weston, Westport and Wilton, are available in my February Newsletter, just published.
The highest sale for January was 38 Parsonage Road in Greenwich. Originally asking $7,999,000, this property finally sold for $6,815,000 after 934 days on the market. The home featured over 9700 square feet of living space, 18 rooms, 8 en-suite bedrooms, 10 full and 3 partial baths, 6 fireplaces sitting on almost 4 acres of land. The average market time to sell a home in Greenwich was about 200 days in January.
Market times vary month to month and town to town, but for the most part, the areas with the most diversified markets will report the shortest average market times. Sales in the high end of the market (over $2 million) accounted for about 10% of all sales in January with an average market time of over 200 days.
The lowest sale for the month of January was 14 Campfield Drive, Fairfield, selling for $192,00 and closing in 58 days. This half duplex home featured about 780 square feet, 4 rooms, 2 bedrooms and 1 bath.
The Fairfield County real estate market is very competitive for sellers regardless of what town. Buyers determine the selling prices, not sellers, and if you want your home to have the best chance to sell fast and for the highest price, it pays to invest in the presentation. The National Association of Realtors explains what every seller needs to know about the value of staging. Check out their video below…..