Wilton home prices: Need some help understanding why they appreciate?

Over time, the worth of a house will go up and down. Over a long enough period of time, property values normally go up. But, in real estate there are no "sure things".

When your property appreciates you have more resources to borrow against, and you'll see a better profit when you sell. Property values in Wilton go up and down for different reasons, so how will you know what you're purchasing this year won't depreciate the day after you close? It's critical that you select a real estate agent in Wilton who is familiar with the factors that drive local prices.

   


A lot of people assume that the economy is the most crucial factor impacting real estate appreciation. Clearly, interest rates, unemployment, business growth, government programs and some other national determinants can always adjust your house's value. But the most important factors that decide your property's value are particular to the local Wilton economy and residential market.

Let Theresa Blinder & Company help you with your first home purchase in Wilton Location in a community - Convenient access to schools, employment and amenities like shopping, restaurants and entertainment is a priority to many us and will greatly influence home values. So these regions typically appreciate, or retain their value, best.

The latest home sales - You should receive data on the recent real estate sales in the neighborhoods that you'd like to live in from your REALTOR®. You'll need to learn figures like time on market and asking price versus selling price.

Appreciation history - Have property prices increased or decreased over the past 5 to 10 years? Is the community believed to be desirable because of its location or affordability?

Local economy - Is there a good blend of job types in an area, or does it depend on just one industry? Have companies moved into or away from an area? Are local businesses hiring? These items play a part.

It's important to learn about the factors that influence your house's market price. Click here to receive an assessment of your property's value. Please call me at 203-682-9352 or e-mail me with any questions.