Grab your Pick Ax Now! Why You Need to Mine Nuggets From Ridgefield’s Mountain of MLS Data
February 24th, 2008 categories: Buying Your House, Market Data & Statistics, Ridgefield, Selling Your House, Talking Real Estate
Data, data everywhere! Like any active market, there are thousands and thousands of data points generated each year about every square foot of every house sold in Ridgefield. The MLS (multiple listing service) is very efficient at storing all this data and spitting out listings (see our MLS search page to find the home of your dreams).
But to really understand what’s happening, we’ve got to mine this mountain of data for the nuggets that unlock the true essence of value in Ridgefield Real Estate.
Most markets are complicated. Ridgefield real estate is no different. But when properly armed with the best information, you will master the market, protect the value of your real estate assets and benefit from market insights that others just don’t have.
Ridgefield Real Estate Market Analysis: House Value by Style
One statement often heard is “colonials are worth more than raised ranches”. While most people in Ridgefield wouldn’t argue with that statement, I bet not many could tell you just how much more colonials are worth than the raised ranches.
| Style | Average Price per Square Foot | Volume Rank |
|---|---|---|
| Colonial | $281.40 | 1 |
| Ranch | $282.55 | 2 |
| Cape | $289.50 | 3 |
| Raised Ranch | $265.98 | 4 |
| Contemporary | $269.58 | 5 |
| Split Level | $269.32 | 6 |
| Antique | $329.29 | 7 |
These nuggets were mined from all Ridgefield homes up to $1,500,000 sold in the last 12 months.
Why is this important? Because the better you understand the local real estate market, the better you can take advantage of current market conditions. What if you were comparing 2 Ridgebury homes of similar size, amenities and condition but one was a colonial and the other a raised ranch. This detailed information helps you determine which would be a better long term investment and by exactly how much.
We continue to provide our clients with the most insightful and timely economic information about the Ridgefield real estate market. We’ve got access to mountains of current and historical data just waiting to be mined. Don’t be shy in telling us what specific information you’d like to see presented on Real Estate Chocolate or if we can provide a confidential analysis.
Must Read:
Ridgefield, CT Home Sales Report: February 2008
Home Sales Roundup: Ridgefield, Redding and Wilton CT - February 2008
Why 2007 Was A Great Year for Ridgefield, CT Real Estate
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