Given Wilton, CT's fourth quarter real estate numbers, it's an ideal time to buy a property in the town. Home prices remain low. The average price of a sold Wilton home in the 2012 fourth quarter was down 24% at $765,450 from a year ago, while the median price fell 20% to $670,000. In 2012, many people took advantage of Wilton's lower prices and scooped up properties. Demonstrating the town’s appeal, a total of 219 home sold in 2012, which is up from 178 in 2011.
If you want to sell your Wilton home now, a lower median price isn’t necessarily bad news especially if you are planning to move within town. Your transaction’s counterpart will allow you to benefit from lower prices on the buy side as well as give you an opportunity to take advantage of historically low interest rates.
For those who are staying put in or considering a move to Wilton, home values are sure to rise. The picturesque town offers many benefits: Wilton recently topped local towns for SAT scores, two-acre zoning protects residential over-development, it boosts nearly 1,000 acres of preserved, open recreation space and its growing town center continues to draw unique and appealing retailers and restaurateurs while retaining a small town charm.
Author bio: Ann Lineberger, ABR, Allied ASID, is a Halstead Salesperson and the owner of Ann Lineberger Interiors, an interior design and home staging firm. She can be reached at alineberger@halstead.com or visit her website: www.annlineberger.com
