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STATE OF THE REAL ESTATE MARKET

When it comes to buying or selling your home, data matters. Here’s why: data is what separates emotion from fact. The 2020 real estate market in Westport and Fairfield provides the perfect backdrop.  

In 2020, how many times did you hear or read the following: “The real estate market in Fairfield County is on fire.”

In a vacuum, this statement is true – the real estate market in Fairfield County experienced explosive growth in 2020. But let’s put some definitive context to this. Said another way, let’s examine the data.

In the high-end market (homes valued at $2 million and above), Westport and Fairfield experienced the following increases in homes sold, average list price and average closing price versus 2019 (reference chart below).
Here’s what the data tells us.

In 2020, for homes priced at $2mm+, the towns of Westport and Fairfield experienced a combined:

• +128 more homes sold versus 2019 
• +13.5% in average list price
• +16.6% in average closing price

Let this sink in for a minute. Because we are speaking about real growth numbers here.

What is remarkably clear, is that 2020 was the year of higher end properties in Westport and Fairfield.

For those curious about whether or not it is the right time to sell your home or purchase a new one, we believe the indicators remain encouraging in 2021.

If you wish to learn more about how our team at Cindy Raney & Co. may help you, or even to learn more about our vantage point on the real estate market, please do not hesitate to contact us. We would be more than happy to speak with you.

Wishing you all a safe, cheerful and most importantly – healthy – 2021.

 
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THANK YOU TO OUR CLIENTS

In 2020, our team is proud to have closed over $40mm in sales, helping 37 clients either sell or buy a home. Thank you, to each of you, for your trust in us. We appreciate you and wish you much happiness in 2021.
 
23 Bayberry Lane
$2,845,000
Westport, CT
3 Keene Road
$2,199,000
Westport, CT
13 Sprucewood Lane
$2,100,000
Westport, CT
1081 Hillside Road
$2,000,000
Fairfield, CT
249 Old South Road
$1,935,000
Southport, CT
1615 Cross Highway
$1,425,000
Fairfield, CT
15 Ridge Drive
$1,269,500
Westport, CT
345 Rowland Road
$1,210,000
Fairfield, CT
45 Jeniford Road
$1,025,000
Fairfield, CT
33 Evergreen Hill Road
$999,000
Fairfield, CT
308 Colonese Road
$939,000
Fairfield, CT
103 Osborne Lane
$875,000
Southport, CT
HAPPY NEW HOME OWNERS
8 Hockanum Road
Westport, CT
9 Cartbridge Road
Weston, CT
3205 Redding Road
Fairfield, CT
7 Greenlea Court
Westport, CT
132 Lords Highway
Weston, CT
128 Smedley Road
Fairfield, CT
26 Walker Lane
Weston, CT
438 Wheeler Park Avenue
Fairfield, CT

06880: WHERE WESTPORT MEETS THE WORLD

We’re honored to have been quoted several times in 06880's post entitled, “Real Estate, Good Deeds, More”, a fantastic read by notable Westport blogger Dan Woog. Please visit his insightful blog to read the entire article. 
 
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PARTNERSHIP WITH THE TWO OH THREE

We’re proud to announce our partnership with The Two Oh Three. We'll be bringing you exciting content including: tips on staging a home, advice on getting your home ready to sell, helpful blog posts, themed photo shoots, local love and more.

Check out the first blog post called "Cindy Raney Talks HOME – Selling in The Two Oh Three" in which The Two Oh Three asks us about hot topics such as "I'm thinking about selling but where do I even start?" You can also view more on this collaboration in our stories.

 
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