Fairfield, CT Real Estate News

By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
The Christmas season has officially started.  The Town of Fairfield joins in the spirit of the season starting with the official Town Christmas Tree Lighting on Friday December 5th.  Stop by to enjoy the first lights of the season.  The Tree is located on Town Hall Green on the corner of Beach Road and the Old Post Road. The Lighting ceremony is scheduled for 7PM.  The Choir will start the singing of Carols at 6:15PM. After, don't miss the Open House at the Fairfield Museum which includes the 3rd Annual Holiday Express Train Show and exhibit starting at 6PM.  So join your friends and neighbors in kicking off the Official Start of the season. See you there, Mike
Comments 0
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Fairfield Maintains Reassessment Timetable The Town of Fairfield has decided not to change the timing of the townwide Tax Reassessment.  The Board of Selectmen considered changing the timetable. State law allows towns to reassess property values every four or five years.  This Board briefly considered moving up the reassessment to four years.  The concept of Reassessment is sometimes not clearly understood.  The Town Reassessment is for one purpose only: To determine each property owners share of the overall tax the Town charges. The Town hires an Appraisal Company to determine "Fair Market Value" for each property.  By State Law, this number is then multiplied by 70% in order to determine the "Assessed Value" or the Assessment for each property.  It is this Assessed Value multiplied by...
Comments 0
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Ludlowe emerges victorious over Warde on last second field goal Wow, what an exciting Thanksgiving Classic.  Both teams came ready to play.  Ludlowe scored first and lead 7-0 for most of the game.  Warde finally broke into the scoring column with just over six minutes to go in the game.  Their touchdown made it 7-6 and then rather than taking the safe route they gambled and went for a two point conversion.  Warde made it to take an 8-7 lead.  Things were looking gloomy for Ludlowe but with the help of a couple of penalties they moved the ball down to the 8 yard line of the Mustangs.  They ran the ball three straight times only getting to the 5 yard line.  On fourth and goal with 11 seconds showing on the clock, the Falcon kicker put it through the uprights for a 10-8 Ludlowe win. It was...
Comments 0
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
OK, here is the last reminder.... Ludlowe Falcons take on their cross town rivals the Warde Mustangs at the Tetreau Davis Field on the Warde High School campus. Kick off is 10:30am. Both teams have three victories so far this season so it should be an evenly matched game.  Weather Report says highs in the mid 40's, clouds giving way to sun and a 10 MPH wind....so all in all, a great day for football before heading home to warm up on Turkey and all the fixin's. See you at the game, Mike PS Happy Thanksgiving!  
Comments 0
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Ludlowe vs Warde - Rivalry at its Best! Get Ready the kick off is 10:30AM on Thanksgiving morning.  Friends, Family, Alumni from all over town will be watching which team takes home the smiles and the bragging rights!  I hear there is even a trophy these days. The game is being played at Tetreau-Davis Field on the Warde High School campus. In days gone by, this game would command crowds of 8,000 or more.  Interest waned for a few years but it is coming back. The town is back to having two high schools.  The juices of the rivalry are starting to flow. Football is taking on renewed interest to the entire town - visibly demonstrated by the tremendous turnouts for both youth football programs - the Fairfield Pop Warner Giants and the Fairfield Wildcats.  The Giants even had a team go undefe...
Comments 0
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
How far can you see into the future? Or who is going to win the national election? In the old days long before the internet and daily polling, we used to have these old sayings or guidelines or "predictors" for National Presidential elections. One example is: As Maine goes, so goes the Nation.  In other words, once you knew the voting outcome in Maine that predicted who would win the entire election for President. So it is in that spirit that I bring you this little nugget.  In 9 out of the last 10 years for the town of Fairfield, the results in January have predicted how the year would finish.  If unit sales were up, the year finished with more sales than the prior year. If unit sales were down, the year finished with fewer sales than the past  year. This means enjoy the holidays, watc...
Comments 0
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
  Real Estate Update on Fairfield, Ct Single Family Home Sales For all the gloom we are hearing every day, there are some positive trends that may bring a smile to your face.  For the months of October and September, Home Sales in Fairfield ran ahead of last year!  While two months does make a year make, it is a great start to a turnaround.  We had 108 Closings for these two months.  This is a 17% increase over the prior year.  What should we look for in the days ahead? The holiday season is most likely going to be turbulent but here is a three year trend worth noting. The Closed Sales totals for the month of January have predicted the trend for the entire year. Stay tuned to a Real Estate Blog near you! What's ahead for 2009, we may know on or around February 5th when the totals for Ja...
Comments 0
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Thanksgiving and Football go together like ice cream and Apple pie.  Maybe not for everyone but definitely an American Classic.  The Town of Fairfield has its own version.  The two local high school football teams meet at 10:30AM at Tetreau Davis Field on the Fairfield Warde High School campus. This game has a very personal flavor for me.  My Dad was the first football coach at Andrew Warde High School.  The name that was given this high school when Fairfield first expanded to two high schools.  The other was Roger Ludlowe High School.  While my Dad was coaching on one sideline, I was playing Quarterback for Ludlowe the cross town rival. My Dad was honored a few years back when the Board of Education chose to name the high school field after him and former coach Bill Davis.  Dad also ha...
Comments 2
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
What better time to buy than now?  We all need a place to live.  We have to pay rent or pay a mortgage.  The Federal Government still provides tax benefits to interest on mortgage payments.  So financially, the equation still favors owing a home. This doesn't even mention that Interest Rates are at historical lows.  Lock in now. There are more homes on the market than normal.  Lots of choices means lots of competition.  Homeowners are competing for Buyers.  This is the time to find the best deals.  Especially with winter coming and most owners not wanting to wait till the Spring Buying Season. Everyone I talk to or listen to that is in the business of making projections is telling me that while we may not be at the "bottom" we are close.  There isn't going to be a better time to buy.  A...
Comments 0
By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Fairfield Update October 2008  Halloween may be over but the scary Real Estate market hasn't come to an end.  The yearlong story continues with the same theme - 31 percent fewer homes have sold than at this time last year. Median Sales Price appears surprisingly stable though Average Sales Price is off by 12 percent.  This reflects a slower market for high end homes.  The numbers may be stable but "the reality" of the story behind the numbers is that buyers are getting a lot more home for their money today.  Prices are really off ten percent or more.  From what most projections are saying, we are at or close to the bottom of the market. There are lots of good deals to be had.  For a buyer, it doesn't make sense to miss out on a great deal in the neighborhood you have been searching for ...
Comments 0
By Ruthman Real Estate
(Accessibility & The Power to Advise)
     Last night I received a wonderful email thanking me for the good job we have done on following up on a transaction.  In this, "makes me feel good - that's why I am in real estate" kind of email, the customer mentions the name of the company that they were working with previously.       So, here is my question:      Can I post the actual email verbatim?      Should I post it verbatim?                
Comments 9
By Michelle Genovesi
(Michelle & Company William Raveis)
ee what Fairfield has to offer as you become acquainted with this suburban coastal town, located north of the town of Westport, and just a 50 minute train ride from New York City. Along the eight miles of coastline you'll find four public beaches, and perched overlooking the harbor dotted with boats and the private sailing club, the quaint village of Southport . Inland, in the prestigious Green Field Hills neighborhood, you'll find why Fairfield is known as "the dogwood capital of the world" with it's 10,000 trees blooming each spring. Population approx 58,400 Fairfield is home to a great public school system, as well as Fairfield University & Sacred Heart University. It's rolling hills and picturesque New England countryside also features six golf courses, five year round clay tennis ...
Comments 0
By Ruthman Real Estate
(Accessibility & The Power to Advise)
   Our weather in Fairfield County Connecticut has been a little damp latey, and strange things are appearing.    As I drove down my driveway, I saw three balls nestled near the drain.  I thought perhaps the neighbor kids up the street lost their soccer balls.  On closer examination, and the lack of black, I got out of my car to find that these three objects were "Fungi".  They were quite enormous, but I didn't want to go all the back up the driveway for a ruler, so I used the next best thing to show how big they were...A Starbucks Venti* Coffee.  That evening, I went to visit a friend.  In his yard, there was another soccer ball(?)  My friend has no children, so I figured, "OK, another one of those huge pod people mushrooms".  I was still parked in my car, and took a picture of it.    ...
Comments 0
By Ruthman Real Estate
(Accessibility & The Power to Advise)
Home Sales Down More Than 20 Percent. Again. Single-family home sales in Connecticut plunged 23.8 percent in July from a year ago, the ninth consecutive month that sales have fallen by more than 20 percent, according to The Warren Group, The Commercial Record's parent company.  It was the worst sales pace for the month of July in 13 years.   According to information regarding Single Family Homes listed in the  Greater Fairfield MLS: January 1, 2007 to September 11, 2007, 7384 houses sold. January 1, 2008 to September 11, 2008, 4649 houses sold. There are presently: 8225 Single Family Homes For Sale on the Greater Fairfield MLS. 723 Single Family Homes Pending on the Greater Fairfield MLS.   If you would like more detailed information about properties sold in your area click on our logo ...
Comments 0
By Ruthman Real Estate
(Accessibility & The Power to Advise)
  Click on Logo to sign up for our Buyers and Sellers Advantage Savings!   Fairfield Connecticut Home Sales per the Greater Fairfield MLS for August 2007:  72 Properties SOLD Fairfield Connecticut Home Sales per the Greater Fairfield MLS for August 2008:  19 Properties SOLD If you would like the addresses and price history of any of these properties, please contact me.  There is no obligation.  This service is free. Use Advanced Search page for more search options Search for properties by Listing Number Save searches and properties with the Property Organizer    
Comments 0
By Ruthman Real Estate
(Accessibility & The Power to Advise)
 Banks Inducing Housing Market Coma - My previous posting. Our economy can't stay "frozen forever" teetering on the truth about being in a recession.  So, I have been thinking what may be in store for us... ...I think banks are going to DRAMATICALLY DROP THE PRICES of the foreclosures they have been hanging onto (?next year?) --  and interest rates are going to go up! A Fed Rate Increase In The Making "... The Fed's last several interest rate cuts may have helped bank balance sheets, but the firms did not lend that money to anyone else. Consumers cannot get loans. Neither can most businesses. The LBO market has gone away. The economic benefit has been zilch. Fed Officials Agree Next Rate Move Will Be Increase (Update3) By Craig Torres   Aug. 26 (Bloomberg)  Fed notes hint that rate incr...
Comments 0
By Ruthman Real Estate
(Accessibility & The Power to Advise)
     Summer is almost over, and I am dreaming of a vacation.        I have been dreaming of Prince Edward Island.  (I am a big fan of Anne of Green Gables. --- A kindred spirit, ya know)      I think it is important to take holidays, and re-energize.      How do you re-charge?  When do you think is the best time to take a vacation?     
Comments 18
By Ruthman Real Estate
(Accessibility & The Power to Advise)
Connecticut's Best Home Buyer's Rebate Click on the Logo for 25% of the Buyer's Agent Commission at Closing   CURRENT MARKET ANALYSIS OF FAIRFIELD, CONNECTICUT  AUGUST 1, 2008 TO AUGUST 15, 2008 StatusClassTypeAreaNo. of ListingsDollar VolumeAverage PriceMedian PriceAverage DOM                                     Active Listings 190 $90,899,953 $478,421 $484,950 93 Listings Under Contract 7 $3,286,800 $469,543 $465,000 56 Listings Sold 2008 3 $1,482,500 $494,167 $547,500 116                   ACTIVE                   Single Family                   Single Family Detached                   FAIRFIELD 154 $73,657,954 $478,298 $484,950 97       Sub Total 154 $73,657,954 $478,298 $484,950 97 REDUCED PRICE                   Single Family                   Single Family Detached              ...
Comments 0
     Using a broker who discounts what is perceived as a "standard" commission does not necessarily mean less service.  Many Million dollar properties are paying only 4% commission, and they receive Luxury Home Service. Consumers... Do you think services are better just because "you are being charged more"? What do you think of Real Estate Professionals who complain about Discount Brokers? Do they have a beef?           Absolutely not,  that's just a bunch of---       CONSUMER REPORTS stated in August '08:  "...We found that paying an agent a lower commission rarely had any effect on the sales price. And readers who paid commissions of 3 percent or less were just as happy with their brokers' performance as those who paid 6 percent or more. People who paid extra, in fact, were more likel...
Comments 0
By Ruthman Real Estate
(Accessibility & The Power to Advise)
  Click on the Logo.  Receive 25% of the Buyer's Agent Commission Back At Closing. Get Details   Mabel is pointing to the sign.  Today we hiked near Ash Creek. Along the shoreline, the receding waters exposed mucky black mud, and thousands of little snails were out in the open.   Snagged in the grass glowed a faux fish.  I removed the rusty hooked bait, so it would not lure anyone or anything to get injured. We hit the trail avoiding mucky mud, slippery snails, and rusty fish hooks.    Mabel playing hide and sneak... Primitive, but well established walking trails called to us to keep going...but we headed back to the parking lot.  
Comments 0