What’s happening in Ridgefield CT real estate market trends? In October 2013, the Ridgefield CT real estate market showed some continued momentum. Good news for homeowners, and still good news for buyers.
This chart breaks down the activity by price bands.¬† Notice a couple of interesting things: at the end of September, there were more single family home sales in Ridgefield than for the entire year of 2012.¬† And substantially more sales of homes over $1,000,000.¬† Already in 2013 47 homes were sold for more than $1,000,000 compared to 39 for all of 2012.
What does that mean for Sellers? If you’ve been waiting for some stability in the market before jumping in, your wait may be over!¬† Some sellers are finding that whereas they were “upside down” with debt to value, now they are in a better position, and can consider making a move.
What does that mean for Buyers? It’s not too late! Whether you’re a first time buyer, an investor or a move-up buyer who is looking to buy a dream property, there is still time to get into the market.¬† Interest rates as of this writing are still in the high 3-low 4% range.¬† With that kind of cost to borrow, it’s a marvelous opportunity to call a great piece of real estate “home”!¬†
If you’re interested in how other Fairfield County towns are trending, you can contact us at any time for an update on those markets. Simply email us at Info@HomeVisionGroup.com, or visit our Facebook page. Facebook.com/HomeVisionGroup for more specific real estate information.