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4th Quarter Real Estate Sales Surge in Danbury, Ridgefield

Fourth quarter real estate sales surged by double digits in the fourth quarter in Danbury and Ridgefield.
Fourth quarter real estate sales surged by double digits in the fourth quarter in Danbury and Ridgefield. Photo Credit: Daily Voice File photo

FAIRFIELD COUNTY, Conn. -- Real estate sales soared in the fourth quarter in Danbury and Ridgefield, with both communities seeing healthy double digit increases.

Fourth quarter sales shot up 19 percent in Danbury compared to the same time frame in 2014. Ridgefield’s sales improved 30 percent, according to the fourth quarter report from William Pitt Sotheby’s International Realty. The communities reflected a county-wide trend toward increased activity, as sales improved 8 percent in the fourth quarter in Fairfield County.

For the year, Danbury home sales improved 8 percent, and Ridgefield fell 3 percent. Sales improved 10 percent throughout the county in 2015.

Danbury also saw a nice jump in home prices. The fourth quarter median sale price improved 10 percent compared to the fourth quarter in 2015. For the year, Danbury’s MSP ticked up 3 percent to $269,000.

Ridgefield’s median sale price improved 4 percent in the fourth quarter and fell 1 percent for the year, to $655,000.

Click here for the complete Pitt report.

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