Word on the Street: Fairfield, Westport & Weston 2013 vs. 2014
Just checking in with a quick report on the real estate markets in July before joining the masses and taking a little vacation-
We would expect the housing market to be seasonally slower in the months of July and August as people are in full summer mode and focused on enjoying the warm weather. However, this July appeared to be slower than last July in Westport and Fairfield. Weston was singing a different tune though-
In Fairfield, unit sales were down almost 43% from 122 to 70 last month. The median (midpoint) sale price was also down 9% to $577,500. The average time on market was up 9% to 97 days. All this is good news for the buyers out there though since it affords them more bargaining power. One measure that favored sellers was a 5% increase in the price per square foot from $290 to $305 of homes that sold.
Sales were also slower in Westport with a 6% reduction and 44 July closings. The median sale price was $1,225,000, down almost 2% from last year. Market time increased 37% to 101 days. Yet the price per square foot increased 11% to $436.
Sellers take note: Weston rallied last month with numbers in your favor! Unit sales were 24% higher this July with 31 compared to 25 last year. The median sale price was up 6% to $820,000. Giving some leverage to buyers was market time up 40% to an average of 137 days and price per square foot down 3% to $257.
So that’s the quick scoop for now. Check out the charts with more numbers and print this report following the link below. I assume there will not be much change in pace next month, but I’m anticipating a rally in September and October when everyone works on making their moves before the holidays and cold weather take over.
Luxury Coastal Real Estate Specialist | Fairfield Beach, Southport & Westport CT | Waterfront & Lifestyle Transitions | William Raveis Real Estate
Buying or selling a home can feel overwhelming, or exciting. It is one of life’s biggest transitions — and it often comes with more questions than answers. How do I price my home for top dollar? What upgrades matter most to buyers? How can I compete for Fairfield Beach or Westport CT homes for sale without overpaying?
I’m Linda Raymond, a Fairfield County Realtor with William Raveis, and I'm here to guide you to make informed decisions so your move is smooth, strategic, and successful!
As a lifelong Connecticut resident who has lived and worked in Westport, Fairfield, Southport, and neighboring towns, I bring deep local knowledge and community connections. My clients trust me for personalized service, innovative marketing, and results-driven strategies that help sellers achieve the best price and buyers find the right fit — whether that’s a luxury home in the Fairfield Beach Area or Westport or a first home in a welcoming neighborhood.
With nearly 100 five-star reviews and recognition as a Luxury Property Specialist, Chairman’s Elite Club member, and Connecticut Magazine’s Five-Star Professional Award winner, my track record speaks for itself. But what I value most are the long-term relationships I’ve built. Many of my clients return — or refer friends and family — because they know I’ll put their goals first.
Whether you’re upsizing, downsizing, or relocating to Fairfield County, I’ll start by listening closely to your needs and priorities. Then, I’ll create a custom plan to help you move forward with confidence.
Let’s make your next move rewarding — and even exciting. Call or text me today at 203.912.4440 to connect with a trusted Fairfield and Westport CT Realtor.
Fairfield and Westport CT Real Estate Guide 