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Wilton Real Estate Prices Jumped in 2011

WILTON, Conn. – Wilton’s real estate market saw a jump in both prices and sales in 2011, and the outlook for 2012 is even rosier, according to Wilton real estate agent Peg Koellmer

Thirteen more homes were sold in 2011 than in 2010 in Wilton, and the median price was $100,000 more. Even the lowest sales price of $234,900 was higher by nearly $50,000.

At the top of the market, a home at 39 Keelers Ridge Road sold for $4 million in 2011, which was more than $2 million above the most expensive home sold in 2010. 

“I’m feeling like it’s going to be a little better this year than it was last year, and that’s the kind of growth that you need,” said Koellmer, owner of Realty Seven in Wilton. She said that before the “hard years in 2009 and 2010,” housing prices were increasing by 12 percent to 15 percent every year, which she said couldn’t be sustained.

Another promising sign is that several closings are already scheduled through February, whereas in 2009 Wilton had no closings until April.

“Now we’re doing a nice slow growth that we can all manage, and I think a lot of people have finally come to understand that this is the market that we’re dealing with,” Koellmer said. “It’s not going to recover next year, and there’s no sense in waiting to make your move until springtime because it’s not going to go up 15 (percent) to 20 percent.”

Did you buy a house recently in Wilton? How did you find the market? Email Alissa at asmith@thedailywilton.com or leave a comment below. 

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