For the month of February there were a total of 176 sales in the towns of Darien, Fairfield, Greenwich, New Canaan, Norwalk, Stamford, Weston, Westport, Wilton. 18 of those were over $2.0 million which represents about 10% of the market. Greenwich and Westport both had the highest sales for the month.
18 Oneida Court in Greenwich sold for $4,700,000
2 Pritchard Lane in Westport sold for $3,450,000.
For more details see my March Newsletter.
We are well into the Spring market and inventory levels are still on the lower side. Market times in many towns improved over last month as well as the selling prices per square foot. Both good signs for the market in general although the selling activity remains unremarkable for the month of February. Below are the February numbers for our lower Fairfield County towns. Values and market times vary depending on the market diversity. Fairfield, Norwalk and Stamford will always have the highest number of sales as their markets are the most diverse but property values continue to remain highest in Greenwich, Darien and Westport, respectively.
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