Archive for August, 2008
Art Walk – Another Awesome Ridgefield 300th Event You Can’t Miss
August 12th, 2008 categories: Cultural Resources, Eat, Drink and Be Amused, Local Events, Ridgefield
The streets of Ridgefield come alive with home grown art this Saturday night August 16. Local Ridgefield artists will transform Main Street stores into art galleries as the Ridgefield 300th Anniversary Celebration hosts the first-ever Art Walk Ridgefield.
Several of our Ridgefield friends including Jean Linville and Noelle Carr are participating artists and our Keller Williams office is hosting some of their work.
This unique event will kick off in Ballard Park at 5:30 p.m. with a lively talk about “300 Years of Art in Ridgefield,” and maps will be provided showing participating Art Walk businesses. Children’s artwork will be displayed in Deborah Ann’s Chocolates and the Orange Elephant.
Check out the Ridgefield 300th website for information on this great event as well as all the other special events throughout the year.
See these other posts on Real Estate Chocolate:
- How Talking Sidewalks Can Teach You the History of Ridgefield, CT
- Local Ridgefield Artist Shows at Norwalk’s Chocopologie!
- Where To Go For Arts & Culture Around Ridgefield, Wilton & Redding CT
- What You Need to Know About Ridgefield’s 300th Birthday Celebration
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Ridgefield, CT Real Estate Market Report: Home Sales August 2008
August 11th, 2008 categories: Buying Your House, Market Data & Statistics, Ridgefield, Selling Your House, Talking Real Estate
Do we have a national weather report? You know, just one report like “in the US today it will be sunny day in the mid-80’s…” Never seen that? It doesn’t work because weather is local.
It can’t be done with real estate either… just like weather, real estate is local. So all these headlines shouting “20% foreclosure rate” and “prices down over 30%” might apply to other locales but I can tell you they’re not talking about Ridgefield, CT!
Ridgefield Real Estate Report
What we’ve seen thru the beginning of August is a real estate market that remains active and still shows significant activity. Year-to-date, the number of transactions still trail last year by about 30% and, by looking at the Ridgefield median home price, prices have only dropped about 10% over the last 18 months. Inventory has started to wane as the good houses (best condition, best price) are quickly bought while the others will continue to linger on the market. Buyers are still blessed with access to low mortgage rates and Brad and I keep relationships with the best mortgage professionals in the business so you can be certain that with a good credentials, borrowing money will never be a problem.
A closer look at the numbers reveals an interesting trend this year: sales activity is focused on the lower end of the market. The graph shows a distinct shift in 2008 from Ridgefield luxury real estate and more towards the entry and mid levels. We’re definitely seeing more young families getting into town for the terrific schools and other sought-after amenities while owners at the high end are holding onto their homes and anticipating better times to come.
I can’t say exactly when things will bottom-out but I can tell you that just like the weather, the report is local but it is also affected by many larger forces. As the election shakes out, oil prices drop back to reasonable levels and the banks realigned themselves with manageable lending behavior, the Ridgefield real estate market will see some gains again. It might not be until 2009 or 2010, but all markets are cyclical and we’ll ride this out better than 98% of the rest of the country.
Don’t ever hesitate to call us if you have any questions about this information or anything else. We’re always available to help in any way we can.
Related Posts on Real Estate Chocolate:
- Home Sales Roundup – Ridgefield, Redding and Wilton CT Real Estate – July 2008
- How to Find Out What the Tax Man Thinks Your Fairfield County House is Worth and Why it Matters
- How Some Officially Reported Data is Misleading and Why You Need to Know the Truth
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