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Great Time to Buy a Home in Wilton

It's a great time to buy a home in Wilton. Prices remain low in the picturesque town that boosts excellent schools, two-acre zoning and a thriving yet charming town center.

Given Wilton, CT's fourth quarter real estate numbers, it's an ideal time to buy a property in the town. Home prices remain low. The average price of a sold Wilton home in the 2012 fourth quarter was down 24% at $765,450 from a year ago, while the median price fell 20% to $670,000. In 2012, many people took advantage of Wilton's lower prices and scooped up properties. Demonstrating the town’s appeal, a total of 219 homes were purchased in 2012, which is up from 178 in 2011.

If you want to sell your Wilton home now, a lower median price isn’t necessarily bad news especially if you are planning to move within town. Your transaction’s counterpart will allow you to benefit from lower prices on the buy side as well as give you an opportunity to take advantage of historically low interest rates. 

For those who are staying put in or considering a move to Wilton, home values are sure to rise. The picturesque town offers many benefits: Wilton recently topped local towns for SAT scores, two-acre zoning protects residential over-development, it boosts nearly 1,000 acres of preserved, open recreational space and its growing town center continues to draw unique and appealing retailers and restaurateurs while retaining a small town charm.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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