Ridgefield, CT Real Estate Market Report: Home Sales June 2008
June 10th, 2008 categories: Market Data & Statistics, Ridgefield, Talking Real Estate
Ridgefield Real Estate Market Commentary
May brought us into Ridgefield’s Spring real estate selling season. We continue to see a decline in the number of closed transactions from the previous year, down by almost half compared to May, 2007 and down about 35% year-to-date. After a few months of decline, one measure of price levels, price-per-square-foot, has rebounded to $287 on average - back in line with historical levels of the past couple of years. . Buyers are still in control but they are generally taking a long time to make decisions and are most nervous about a market decline. Although sales are down, luckily Ridgefield has not experienced a huge erosion in property values mostly due to how desirable people find the town. Great schools, proximity to New York City, many employers and corporations within a manageable drive and overall property values (AND TAXES) that remain extremely attractive compared to Westchester County and lower Fairfield County towns like Darien and New Canaan.
The savvy buyers are taking advantage of current market conditions (lower prices, GREAT SELECTION) to “trade up” to a more expensive house for themselves and their families. They are realize that they might have to “give a little” on the sale side but “make it up in spades” on their purchase. Read this Time Magazine article: Ignore the Headlines.
The question most often heard from buyers is about their new house maintaining value in the short term. My view on this is that you can’t “day trade” houses like you can try to do with stocks. Prices will fluctuate up and down in the short term but history has totally proven that in the medium to long term (say 3-4 years plus), real estate will reliably return above average investment gains. And while your asset appreciates, you can also LIVE IN IT! You can’t live in a stock certificate, can you?
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Woofs Wines and Felines: Be There or Be Square!
June 6th, 2008 categories: Eat, Drink and Be Amused, Local Events, Redding, Ridgefield, Wilton
Don’t forget that tomorrow is ROAR’s annual fun-fest under the big tent across from CellarXV, Woofs Wines and Felines. We’ll all be enjoying spectacular wines from around the world, delicious food and great music… all in support of ROAR (that’s the Ridgefield Operation for Animal Rescue) and their terrific programs that serve so many of us in Ridgefield and throughout the region.
Tickets are available all day today at CellarXV Wine Market on Danbury Road in Ridgefield (203) 894-8690) or on the ROAR website and will be available at the door. Admission is just $45 purchased in advance or $55 on the day of the event.
When Monica and Jane approached us to get involved in ROAR, Brad and I were excited to find out more. It amazed us to learn that ROAR help’s to recsue >500 dogs and cats each year and then places these animals in loving homes. The Kimmelman-GutmanGroup is proud to support the ROAR mission and to ” headline sponsor” this wonderful event. We’re looking forward to getting more involved and continuing our support for ROAR well into the future.
Join us at Woofs Wines and Felines: sign up for our blog and pick up a special free gift. See you tomorrow!
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Home Sales Roundup - Ridgefield, Redding and Wilton CT Real Estate - May 2008
June 1st, 2008 categories: Market Data & Statistics, Recent Transactions, Redding, Ridgefield, Wilton
Closings in May reflect home sales that were generally 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 May 2008. Contact us with any questions regarding today’s shifting real estate market.
Closed Home Sales in Ridgefield, Redding and Wilton - May 2008
| Street Number | Street Name | Town | Bedrooms | List Price | Sale Price |
|---|---|---|---|---|---|
| 18 | MAIN ST | REDDING | 2 | $175,500 | $185,000 |
| 216 | BLACK ROCK TPKE | REDDING | 3 | $425,000 | $415,000 |
| 52 | LONETOWN RD | REDDING | 4 | $549,000 | $475,000 |
| 39 | TOPLEDGE RD | REDDING | 4 | $589,900 | $557,000 |
| 63 | GOODRIDGE RD | REDDING | 4 | $949,177 | $930,000 |
| 28.5 | MOHAWK TRL | REDDING | 4 | $1,349,999 | $1,262,500 |
| 20 | WOODLAND WAY | RIDGEFIELD | 3 | $469,900 | $435,000 |
| 19 | SCODON DR | RIDGEFIELD | 4 | $539,000 | $520,000 |
| 32 | FLORIDA HILL RD | RIDGEFIELD | 4 | $559,000 | $524,500 |
| 240 | FLORIDA HILL RD | RIDGEFIELD | 3 | $719,000 | $710,000 |
| 18 | YANKEE HILL RD | RIDGEFIELD | 4 | $729,000 | $739,500 |
| 811 | NORTH SALEM RD | RIDGEFIELD | 3 | $739,500 | $719,500 |
| 116 | PEACEABLE RIDGE RD | RIDGEFIELD | 3 | $749,000 | $710,000 |
| 40 | NEW ST | RIDGEFIELD | 3 | $749,900 | $730,000 |
| 173 | REMINGTON RD | RIDGEFIELD | 5 | $779,900 | $725,000 |
| 39 | SILVER SPRING RD | RIDGEFIELD | 4 | $839,500 | $796,000 |
| 255 | WEST LN | RIDGEFIELD | 4 | $885,000 | $825,000 |
| 19 | KEELER PL | RIDGEFIELD | 4 | $939,000 | $885,000 |
| 74 | STONECREST RD | RIDGEFIELD | 4 | $1,193,000 | $1,170,000 |
| 27 | LOST MINES PL | RIDGEFIELD | 5 | $1,269,000 | $1,230,000 |
| 31 | LOST MINES PL | RIDGEFIELD | 5 | $1,298,000 | $1,227,500 |
| 86 | NOD RD | RIDGEFIELD | 4 | $1,899,000 | $1,800,000 |
| 200 | OLD HUCKLEBERRY RD | WILTON | 3 | $599,999 | $550,000 |
| 62 | RIVERGATE DR | WILTON | 4 | $739,000 | $712,500 |
| 166 | KELLOGG DR | WILTON | 4 | $749,500 | $710,000 |
| 236 | NEWTOWN TPKE | WILTON | 4 | $1,149,000 | $1,100,000 |
| 40 | BALD HILL RD | WILTON | 4 | $1,179,000 | $1,203,000 |
| 19 | PIPERS HILL RD | WILTON | 5 | $1,299,000 | $1,199,000 |
| 1 | TITO LN | WILTON | 4 | $1,579,900 | $1,440,000 |
| 4 | WEST WIND LN | WILTON | 4 | $1,695,000 | $1,525,000 |
| 254 | HURLBUTT ST | WILTON | 6 | $1,845,000 | $1,750,000 |
| 114 | VISTA RD | WILTON | 6 | $2,675,000 | $2,500,000 |
| 52 | HILLBROOK RD | WILTON | 6 | $2,999,000 | $3,030,000 |
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Real Estate Profile: Ridgefield’s West Mountain Estates Neighborhood
May 28th, 2008 categories: Market Data & Statistics, Recent Transactions, Ridgefield, Talking Real Estate
West Mountain Estates is another of Ridgefield’s most sought-after neighborhoods. The original 160 acre estate was purchased by well-known Ridgefield homebuilder Jerry Tuccio in 1959. Tuccio subdivided the property and the home building began in the mid 70’s and continued into the mid 80’s. Most West Mountain homes are traditional New England colonials with some ranch style homes mixed in. A few luxury homes have been added over the years including one just being finished on Calvary Court. One of the homes dating back from the original estate houses the Stone Ridge Manor bed and breakfast.
Sometimes called Eleven Levels (for the main road running through the sub-division), West Mountain Estates is very conveniently located on the west side of Ridgefield, close to town and near the New York border. This westside location makes it very desirable for those commuting to Westchester (Pepsi, IBM, and more).
One of the most popular amenities of the West Mountain neighborhood is the community Recreation Center. This outdoor facility springs to life each year on Memorial Day. The beautifully maintained facility sports an olympic-size outdoor pool, tennis courts, basketball courts, baseball diamond and soccer field. See the pictures below.
West Mountain Estates Neighborhood Schools:
Here’s what’s currently on the market in West Mountain Estates:
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West Mountain Estates Homes Sold Since 2005
| Year | Avg. Sold Price | Avg. Number of Acres | Avg. Square Feet | Avg. $/SqFt | # of Transactions |
|---|---|---|---|---|---|
| 2005 | $1,517,775 | 1.89 | 4731 | $313 | 6 |
| 2006 | $987,750 | 1.60 | 3346 | $299 | 4 |
| 2007 | $1,089,000 | 1.15 | 4084 | $265 | 5 |
| 2008 | $820,000 | 1.21 | 3155 | $259 | 1 |
West Mountain
| Closed Date | Address | Sold Price | Style | Number of Acres | Square Feet | $/SqFt |
|---|---|---|---|---|---|---|
| 5/4/2005 | 75 ARMAND RD | $1,209,000 | Colonial | 2.04 | 3562 | $339.42 |
| 7/12/2005 | 23 SHARP HILL LN | $1,015,150 | Colonial | 2.09 | 3470 | $292.55 |
| 8/17/2005 | 7 ELEVEN LEVELS RD | $1,680,000 | Colonial | 1 | 5307 | $316.56 |
| 10/8/2005 | 5 SHARP HILL LN | $937,500 | Colonial | 2.07 | 3300 | $284.09 |
| 10/31/2005 | 12 WILD TURKEY CT | $2,950,000 | Colonial | 2 | 8000 | $368.75 |
| 11/1/2005 | 21 ARMAND RD | $1,315,000 | Colonial | 2.16 | 4748 | $276.96 |
| 6/30/2006 | 63 ELEVEN LEVELS RD | $929,000 | Contemporary | 1.24 | 3769 | $246.48 |
| 7/28/2006 | 99 ARMAND RD | $1,185,000 | Colonial | 2.02 | 3141 | $377.27 |
| 9/7/2006 | 8 TRAILS END LN | $985,000 | Colonial | 2.08 | 3054 | $322.53 |
| 12/1/2006 | 19 ELEVEN LEVELS RD | $852,000 | Contemporary | 1.06 | 3421 | $249.05 |
| 3/2/2007 | 7 ELEVEN LEVELS RD | $1,600,000 | Colonial | 1 | 5300 | $301.89 |
| 6/22/2007 | 29 OLD WAGON RD | $930,000 | Colonial | 1.21 | 3383 | $274.90 |
| 7/31/2007 | 105 ELEVEN LEVELS RD | $965,000 | Colonial | 1.15 | 3358 | $287.37 |
| 9/17/2007 | 68 ELEVEN LEVELS RD | $1,100,000 | Colonial | 1.24 | 4246 | $259.07 |
| 10/1/2007 | 3 OLD WAGON RD | $850,000 | Ranch | 1.17 | 4132 | $205.71 |
| 2/29/2008 | 90 ELEVEN LEVELS RD | $820,000 | Contemporary | 1.21 | 3155 | $259.90 |
Click Here for Additional Details
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Local Ridgefield Artist Shows at Norwalk’s Chocopologie!
May 25th, 2008 categories: Cultural Resources, Eat, Drink and Be Amused, Local Events, Ridgefield
In keeping with our chocolate theme and our love of arts, culture and great foods, here’s a show you should not miss! One of
my Rainbow Lake neighbors, Noelle Carr, is a fine artist and will be the featured artist at Gallery Chocopologie from May 19 through July as part of a summer show. Chocopologie is a cafe, gallery and retail store opertated by world-renowned Knipschildt Chocolatier in historic South Norwalk, Connecticut. The mix of fine chocolate and fine art makes for an intoxicating environment to stimulate the senses on a multitude of levels.
Ridgefielder Noelle Carr paints contemporary botanical portraits that celebrate flowers on a cellular level. Each painting focuses on the beauty and splendor of each singular flower variety she chooses to paint. Through her use of color, paint texture, and technique, Ms. Carr brings life to the canvas through her subjects and her work is intended to convey the meaning and significance flowers play in all aspects of our lives from jubilation to grief.
Chocopologie is located at 12 South Main Street, Norwalk CT 06854. For more information on the artist, this show and for gallery hours go to: www.NoelleCarr.com
We hope to see you there!
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