Weston is still a strong Buyer’s Market, but trending towards a balanced market. There is still a lot of inventory on the market, 12.6 months’ worth (we use the 12 month figure for the absorption analysis). This is one of the highest of the Fairfield County towns we track. However, this is a market that continues to strengthen with rising prices and fewer days on market. The trend indicators are all positive with the exception of the Average List to Sale Price, which has recently slipped to 94%.
The Weston real estate market appears to have hit bottom in Q1 2012 and in recovery. The lowest sale over the past 12 months was $150,000, the highest sale was $2,650,000, and the median sale price was $728,125. Two homes over $2 million sold over the past 12 months.
What homes are most in demand by buyer in Weston? The sweet spot in the market is for 4 bedroom homes with a list price of $725,000 to $750,000. They tend to be on the market only 114 days and sell for 95% of list price.