Archive for the 'Market Data & Statistics' Category
Rainbow Lake in Ridgefield CT: Real Estate Activity 2006-2008
May 8th, 2008 categories: Buying Your House, Lake Living, Market Data & Statistics, Recent Transactions, Ridgefield, Talking Real Estate
I have been fortunate enough to have lived on Rainbow Lake since November 2001. Over the years, there has been a lot of renovation, re-building, and refurbishing of the original lake cottages surrounding the lake that were built in the mid 1930’s to 1940’s. Rainbow Lake is a magnificent 44 acre lake nestled in a valley behind the Bennett’s Pond Trail System, Hemlock Hills, and Pierrepont State Park in Ridgefield, CT.
In the past few years we have seen an influx of city dwellers looking for a weekend retreat within 1 hour of NYC. Ridgefield’s Rainbow lake, with its quiet understated charm seems to fit the bill. Most of the homeowners of Rainbow Lake are here full-time, but the mix of weekenders and residents give it a resort feel in the heart of the New York suburbs.
Rainbow lake real estate values continue to increase as more and more people discover the allure of lake living. Following are all of the transactions from the past two years around Rainbow Lake. Note how many were listed, sold or both listed and sold by Rob and me. Nobody knows the lake like us and we are always available to answer any questions you might have about buying, selling or living on the lake. We are the ‘lake experts”!
Rainbow Lake Home Sales 2006 - 2008
Note homes listed and sold by The Kimmelman-Gutman Group (KGG)
| Address | List Price | Sold Price | Style | Beds | Baths | |
|---|---|---|---|---|---|---|
| 191 LAKESIDE DR | $599,000 | $550,000 | Cape | 3 | 2.5 | Sold by KGG |
| 210 MOUNTAIN RD | $429,000 | $429,000 | Cottage | 2 | 1.5 | Listed by KGG |
| 265 BENNETTS FARM RD | $509,000 | $478,500 | Contemporary | 3 | 1 | Sold by KGG |
| 321 BENNETTS FARM RD | $949,000 | $910,000 | Ranch | 3 | 3.5 | |
| 6 RAINBOW DR | $420,000 | $387,000 | Ranch | 3 | 1 | |
| 253 BENNETTS FARM RD | $445,000 | $440,000 | Ranch | 3 | 2 | |
| 14 CLEARVIEW DR | $519,900 | $506,000 | Colonial | 3 | 2 | Listed by KGG |
| 40 MOUNTAIN RD | $789,850 | $750,000 | Colonial | 3 | 2.5 | |
| 17 LAKE RD | $629,000 | $592,500 | Colonial | 3 | 2 | Listed and Sold by KGG |
| 174 MOUNTAIN RD | $635,000 | $621,000 | Cape | 3 | 3 | Listed and Sold by KGG |
| 6 CRESCENT DR | $575,000 | $548,000 | Ranch | 2 | 1 | Listed by KGG |
| 157 MOUNTAIN RD | $599,000 | $580,000 | Contemporary | 2 | 2 | Sold by KGG |
| 18 CLEARVIEW TER | $695,000 | $645,000 | Colonial | 3 | 3 | Sold by KGG |
| 18 CLEARVIEW TER | $849,000 | $787,500 | Colonial | 3 | 4.5 | Listed and Sold by KGG |
| 28 CREST RD | $449,000 | $428,000 | Raised Ranch | 3 | 1.5 | Listed and Sold by KGG |
| 66 CRESCENT DR | $539,000 | $510,000 | Contemporary | 3 | 2 | Listed by KGG |
| 205 MOUNTAIN RD | $899,000 | $883,000 | Contemporary | 3 | 3 | Listed by KGG |
| 333 BENNETTS FARM RD | $595,000 | $565,000 | Farmhouse | 4 | 2 | |
| 315 BENNETTS FARM RD | $375,000 | $365,000 | Cottage | 3 | 1 | |
| 109 MOUNTAIN RD | $339,500 | $339,500 | Ranch | 2 | 1 | |
| 279 MOUNTAIN RD | $1,300,000 | $1,200,000 | Contemporary | 3 | 3.5 | |
| 358 BENNETTS FARM RD | $429,000 | $431,000 | Split Level | 3 | 2 | |
| 4 WOODY PL | $499,500 | $487,500 | Colonial | 3 | 3 |
Related Posts:
- 10 Things To Know About Rainbow Lake in Ridgefield, CT.
- 5 Ways to Enjoy the New England Winter in Ridgefield, Connecticut
We are always available to answer questions, give advice or help in any way possible. Please contact us for anything.
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Why Ridgefield is the Safest Town in CT and How to Keep it That Way
May 6th, 2008 categories: Market Data & Statistics, Ridgefield, Talking Real Estate
Crime is virtually unheard of in Ridgefield. We have our “police blotter” kind of stuff but by and large Ridgefield is one of the safest towns in Connecticut! Connecticut Magazine said that Ridgefield has the lowest crime score ever measured since they started their “Best Towns” survey. Low crime, great schools, rich culture and terrific property values make Ridgefield one of the best real estate deals in Fairfield County.
The town is so safe due to our wholesome, honest New England lifestyle and to the Ridgefield Police Department. To best protect our citizens and guests, the RPD needs to expand and renovate their Headquarters on East Ridge. The upcoming budget referendum will be requesting over $4 million for the RPD project. Click Here to see the latest piece in the Ridgefield Press and a virtual tour of the current Ridgefield Police Headquarters building. Additional Ridgefield Press articles are here and here.
Crime Stats for Ridgefield CT
Looking at the stats, you can see that the rate for property crimes is just a fraction of the county and state averages and the rate of violent crime is practically zero.
2006 Crime Statistics: % Population Affected
| Ridgefield | Fairfield County | Connecticut | |
|---|---|---|---|
| Property Crime | 0.34% | 2.22% | 2.50% |
| Violent Crime | 0.01% | 0.30% | 0.28% |
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Ridgefield, CT Real Estate Market Report: Home Sales May 2008
May 5th, 2008 categories: Market Data & Statistics, Talking Real Estate
Ridgefield Real Estate Market Commentary
As we enter Spring, Ridgefield’s real estate market starts it’s annual march into the busy season. April closings show the expected uptick in sales activity from March but the overall level is down 18% from 2007. Even though buyers are maintaining control over the market, I’m surprised that we’re not seeing more purchase decisions. Low interest rates (probably won’t last too much longer as government economic stimulus efforts take hold) and abundant selection (even though inventory is down 25% from last year) should be driving more buyers in to take advantage of current conditions.
I’m seeing some nervousness on both sides of the table. Sellers are anxious to move their deals through inspections, contingencies and contracts. Buyers are listening to the media and hoping that their newly purchased house won’t immediately drop in value. With rising mortgage rates (see chart in left sidebar), even if you don’t buy at the precise bottom (it’s impossible to time market bottoms), you’ll still be paying less if you buy today instead of waiting. Read this Time Magazine article: Ignore the Headlines.
Through it all, in Ridgefield we’re still seeing “the good houses” (good condition, market price) sell quickly. We just sold one of our listings in a week and I saw yesterday a house sold for over asking price.
Related Posts:
- Home Sales Roundup - Ridgefield, Redding and Wilton CT Real Estate - April 2008
- Ridgefield, CT Real Estate: 3 Reasons Why the Luxury Segment Remains Strong
- How Some Officially Reported Data is Misleading and Why You Need to Know the Truth
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Home Sales Roundup - Ridgefield, Redding and Wilton CT Real Estate - April 2008
May 3rd, 2008 categories: Market Data & Statistics, Recent Transactions
Closings in April reflect home sales that were negotiated in the prior 30-90 days. Each of these transactions closed during the month. The list includes all of the single family home sales for Ridgefield, Redding and Wilton, Connecticut for the month of April 2008. Contact us with your questions regarding today’s shifting real estate market.
Closed Home Sales in Ridgefield, Redding and Wilton - April 2008
| Street Number | Street Name | Town | Bedrooms | List Price | Sale Price |
|---|---|---|---|---|---|
| 20 | ROCKLEDGE RD | REDDING | 3 | $499,900 | $465,000 |
| 15 | PACKER BROOK RD | REDDING | 4 | $759,000 | $737,500 |
| 163 | SUNSET HILL RD | REDDING | 4 | $825,000 | $825,000 |
| 3 | LEDGEWOOD RD | REDDING | 4 | $875,000 | $835,000 |
| 55 | MOUNTAIN RD | REDDING | 5 | $1,129,000 | $1,043,000 |
| 397 | LIMESTONE RD | RIDGEFIELD | 3 | $395,000 | $330,000 |
| 46 | CREST RD | RIDGEFIELD | 3 | $415,000 | $395,000 |
| 69 | FULLING MILL LN | RIDGEFIELD | 3 | $469,900 | $420,000 |
| 1 | HUCKLEBERRY LN | RIDGEFIELD | 3 | $415,000 | $425,000 |
| 130 | STONY HILL RD | RIDGEFIELD | 4 | $539,000 | $520,000 |
| 41 | JEFFRO DR | RIDGEFIELD | 5 | $549,900 | $525,000 |
| 7 | SOUTH OLMSTEAD LN | RIDGEFIELD | 4 | $649,000 | $545,000 |
| 40 | POPLAR RD | RIDGEFIELD | 5 | $595,000 | $550,000 |
| 77 | HUNTER LN | RIDGEFIELD | 4 | $619,000 | $595,000 |
| 136 | WALNUT GROVE RD | RIDGEFIELD | 4 | $629,000 | $600,000 |
| 45 | ACRE LN | RIDGEFIELD | 3 | $619,900 | $606,000 |
| 360 | FLORIDA HILL RD | RIDGEFIELD | 4 | $683,000 | $661,500 |
| 63 | WHIPSTICK RD | RIDGEFIELD | 4 | $699,900 | $670,000 |
| 138 | HAVILAND RD | RIDGEFIELD | 4 | $799,900 | $775,000 |
| 24 | HULL PL | RIDGEFIELD | 4 | $994,900 | $958,000 |
| 183 | HAVILAND RD | RIDGEFIELD | 4 | $1,239,000 | $1,105,000 |
| 10 | SAW MILL HILL RD | RIDGEFIELD | 5 | $2,179,000 | $2,200,000 |
| 64 | BRANCHVILLE RD | RIDGEFIELD | 6 | $2,349,000 | $2,200,000 |
| 24 | OWN HOME AVE | WILTON | 4 | $555,000 | $525,500 |
| 634 | NOD HILL RD | WILTON | 4 | $734,500 | $670,000 |
| 151 | RIVERGATE DR | WILTON | 6 | $697,000 | $685,000 |
| 24 | VILLAGE CT | WILTON | 3 | $737,500 | $690,000 |
| 33 | OLD WAGON RD | WILTON | 4 | $860,000 | $750,394 |
| 88 | OLD HWY | WILTON | 4 | $795,000 | $777,000 |
| 50 | THUNDER LAKE RD | WILTON | 4 | $999,000 | $950,000 |
| 28 | HERITAGE CT | WILTON | 4 | $1,030,000 | $1,003,000 |
| 41 | LANGNER LN | WILTON | 4 | $1,299,000 | $1,180,000 |
| 103 | SCRIBNER HILL RD | WILTON | 4 | $1,345,000 | $1,210,000 |
| 294 | CHESTNUT HILL RD | WILTON | 4 | $1,359,000 | $1,245,000 |
| 220 | RANGE RD | WILTON | 5 | $1,575,000 | $1,490,000 |
| 16 | COLEY RD | WILTON | 5 | $1,649,000 | $1,600,000 |
| 96 | KEELERS RIDGE RD | WILTON | 5 | $1,739,000 | $1,600,000 |
| 92 | RUSCOE RD | WILTON | 5 | $1,850,000 | $1,700,000 |
| 156 | CHESTNUT HILL RD | WILTON | 6 | $2,160,000 | $1,850,000 |
| 57 | COLEY RD | WILTON | 6 | $2,195,000 | $2,147,500 |
Click Here to Search All Homes Currently For Sale
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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 |
Related Posts:
- Ridgefield, CT Real Estate Market Report: Home Sales April 2008
- Home Sales Roundup - Ridgefield, Redding and Wilton CT Real Estate - March 2008
- All Luxury Ridgefield, CT Homes Currently for Sale
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