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Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says
Fairfield County Commercial Market Ends Year On 'Generally' Positive Note, Report Says A new report shows that the Fairfield County commercial market ended the year in a good place. Bolstered by the Greenwich office and retail markets, the Fairfield County commercial market completed 2023 on "a generally positive note," according to the Houlihan Lawrence Fairfield Commercial Market report released on Tuesday, Feb. 6. According to the report, Greenwich retail rental rates ended 2023 at the best levels ever seen in late Spring. Greenwich office occupancy and lease rates remained remarkably stable over the second half of 2023.  However, the greater…

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by Kathy Reakes
Real Estate
Home Sales Down, Prices Up Along Fairfield County's Gold Coast Home Sales Down, Prices Up Along Fairfield County's Gold Coast
Home Sales Down, Prices Up Along Fairfield County's Gold Coast Home sales are down and prices are up along Fairfield County's Gold Coast due to a lack of inventory over the past few years. The areas most affected by the challenges included Darien, New Canaan, and Rowayton markets, according to Houlihan Lawrence Real Estate Brokerage. A report released on Tuesday, Jan. 9, said despite the sales decline, median sale prices increased in all three markets by nine percent on average, offering sellers favorable returns. “Amidst the inventory scarcity, we continue to benefit from the diverse offerings of recreation, cultural amenities, and vibrant …

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by Kathy Reakes
Real Estate
Sharp Decline Seen In Fairfield County Luxury Housing Market Sharp Decline Seen In Fairfield County Luxury Housing Market
Sharp Decline Seen In Fairfield County Luxury Housing Market A lack of supply caused the 2022 luxury housing market to sharply decline in Fairfield County compared to 2021, according to a new report.  The decline in sales, which were down by double digits, was fueled by a high demand for a low amount of available residences, according to a report released by the Houlihan Lawrence real estate brokerage on Thursday, Jan. 5.  "At first glance, the logical conclusion is a slowdown in the luxury market. However, the data suggest strong buyer demand in a sharply supply-constrained market," said Houlihan Lawrence Vice President Anthony Cutugno. H…

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by Ben Crnic