Real Estate
Wilton Real Estate: A Reality Check
You might be hearing that the economy is picking up. Real estate agent Eric Weitz tells us what that means for Wilton's real estate market.
This year's real estate market saw significant improvement over last year's, Eric Weitz writes in his latest blog: Wilton Real Estate - A Reality Check.
"By all measurements — median sale price up 3%, average sale price up 8% and per square foot sale price up 11%, we have experienced a strong turnaround year in Wilton," he said. "Our units sold are currently up 22% over last year with 163 sold through July and inventory is down 25% which obviously keeps some upward pressure on prices."
While this sounds like good news, Weitz said it's not good news for everyone.
"Unfortunately, if you bought your home in 2005 or 2006 or 2007, your perspective and reality may be somewhat different," he said. "When we look back at 2006 we see that our average prices in 2013 are still down 23%, our median prices are down 17% and our price per square foot prices are down 19%."
The rest of Weitz' blog is available by following this link. If you'd like to receive an email each time he posts a new blog, visit his page and click "get email updates."
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