Ridgefield, CT Real Estate: 3 Reasons Why the Luxury Segment Remains Strong

April 14th, 2008 categories: Buying Your House, Market Data & Statistics, Recent Transactions, Ridgefield, Selling Your House, Talking Real Estate

When you look at the numbers it’s clear that the high end of the Ridgefield, CT real estate market remains strong. Over the last several years, housing stock priced in the over $1.5M bracket has grown due to new construction as well as price appreciation.

Taking a look at all Ridgefield homes that sold for over $1.5M transaction volume has remained stable for the past 3 years (see table). So far in 2008, we are tracking 2007 exactly. Demand remains high in the luxury segment of the market for several reasons including:

Ridgefield continues to offer an extremely desirable mix of small town, country, great schools, culture, entertainment, proximity to NYC, value and more
virtually all new construction is at the high end
interest rates remain at historic lows

Click here to view all luxury Ridgefield CT homes currently for sale

	2005	2006	2007	Q1-07	Q1-08
Ridgefield Real Estate: # Homes Sold Over $1.5M	42	43	42	4	4

Ridgefield Transactions >$1.5M Since 1/1/07

Street Number	Street Name	Bedrooms	List Price	Sale Price
162	OLD WEST MOUNTAIN RD	7	$7,200,000	$5,500,000
110	SOUTH SALEM RD	5	$4,595,000	$4,200,000
599	BRANCHVILLE RD	3	$5,000,000	$4,100,000
8	HAWTHORNE HILL RD	5	$4,200,000	$3,843,500
154	RIPPOWAM RD	7	$4,100,000	$3,500,000
396	SILVER SPRING RD	5	$3,250,000	$3,150,000
41	PEACEABLE ST	5	$3,100,000	$3,050,000
282	BRANCHVILLE RD	5	$2,600,000	$2,400,000
105	NOD HILL RD	6	$2,495,000	$2,300,000
10	SAW MILL HILL RD	5	$2,179,000	$2,200,000
122	NOD HILL RD	5	$2,250,000	$2,200,000
4	SPECTACLE LN	6	$2,275,000	$2,200,000
24	MARKET ST	5	$2,195,000	$2,175,000
91	GOLF LN	5	$2,195,000	$2,150,000
10	LEE RD	5	$1,950,000	$2,125,000
8	SAW MILL HILL RD	5	$2,179,000	$2,100,000
216	FLORIDA HILL RD	5	$2,250,000	$2,062,500
44	KING LN	5	$2,150,000	$2,060,000
225	SOUTH SALEM RD	4	$2,250,000	$2,050,000
3	GOLF CT	5	$2,195,000	$2,025,000
77	GOLF LN	5	$2,134,750	$1,985,000
2	MAIN ST	5	$2,199,000	$1,975,000
8	GOLF CT	6	$2,199,000	$1,962,500
178	OLD BRANCHVILLE RD	5	$1,969,000	$1,900,000
23	FLAT ROCK DR	5	$1,790,000	$1,840,000
36	SAW MILL HILL RD	3	$1,950,000	$1,825,000
20	SILVER SPRING LN	5	$1,799,000	$1,799,000
27	NOD WEST DR	4	$1,875,000	$1,787,500
26	OVERLOOK DR	5	$1,895,000	$1,765,000
110	NURSERY RD	5	$1,839,000	$1,728,750
119	BRANCHVILLE RD	4	$1,775,500	$1,725,000
106	GREAT HILL RD	0	$1,950,000	$1,725,000
70	NORRANS RIDGE DR	5	$1,799,000	$1,720,000
16	GREAT ROCKS PL	5	$1,699,900	$1,680,000
20	BELVEDERE CT	5	$1,575,000	$1,600,000
7	ELEVEN LEVELS RD	4	$1,690,000	$1,600,000
76	GOVERNOR ST	4	$1,599,000	$1,599,000
78	CANTERBURY LN	4	$1,685,000	$1,599,000
89	SILVER SPRING LN	4	$1,620,000	$1,585,000
596	BARRACK HILL RD	4	$1,639,000	$1,575,000
214	WILTON WEST RD	4	$1,699,000	$1,562,500
97	OLD WASHINGTON RD	4	$1,579,000	$1,555,000
38	SILVER SPRING RD	5	$1,599,000	$1,530,000
53	SAW MILL HILL RD	5	$1,525,000	$1,525,000
16	KIMBERLY CT	4	$1,615,000	$1,525,000
61	BARRY AVE	5	$1,545,000	$1,517,500
279	NORTH ST	5	$1,579,000	$1,510,000