Fairfield, CT Real Estate News

By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
The Ultimate Website Builder for Your Company. Here on ActiveRain you will constantly find new and better ways to improve the mouse trap.  Today’s post is in response to AR’s contest “I wish my website did this…” in conjunction with WebsiteBox a new company for creating websites easily and simply at a reasonable price of a one-time payment of $99. For building a clean and easy to use website I would like to see the following tools/features to make it an easy experience when building and designing it: Click and Save Templates that can easily be modified to match your company. That is easy to change colors, layouts and to add pictures and logos. Easy to use building app’s that allows the owner/web designer to add and insert HTML. On many web design site to be able to do this seems to requ...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
Fairfield Average Sales Prices & 4th Quarter Analysis 2009-2012 January 2013 Real Estate Market Data for Fairfield, CT by Dagny Eason of Dagny's Real Estate        Average Sales Prices 3 Year Comparison by Month Sales Volume shown by PRICE The average sale price in 2010 was $652,223, in 2011 it was $655,235 and 2012's average was $642,645.  In the fourth quarter of 2012 there was a sudden rush to sell quickly before all of the tax laws changed.    Many made sure that they were in a good position for Uncle Sam when he came knocking.....   Number of Homes Sold in the 4th Quarter (Oct., Nov., Dec.)  2009, 2010, 2011, 2012 As you can see below,  the $300,000-$499,000 and the $1,000,000 plus home owners in Fairfield took advantage of this phomenon.   Number of Homes Sold by Price Point 4th Q...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
FAIRFIELD Market Trends November 2012 Fairfield’s prices continued to rise and inventory declined until the past three months.  The impact of Hurricane Sandy at the end of October is not yet reflected in these figures as it takes at least 60 days for most single family homes to close.  After a banner Spring, the Fairfield market took a rest.  In retrospect, it looks like Fairfield hit bottom in Q1 2012 and a recovery is still underway. Inventory is still quite low compared to the number of sales.  Despite the recent 3 month seasonal dip, Fairfield remains a healthy market. FAIRFIELD'S INVENTORY FAIRFIELD'S SALES FAIRFIELD'S HOTTEST HOMES What homes are most in demand by buyers in Fairfield?  The sweet spot in the market is for 4 bedroom homes with a list price of $775,000-800,000.  They...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
Fairfield Average List Price vs. Sales Prices Months of Inventory 2010-2012  Real Estate Market Data for Fairfield, CT by Dagny Eason of Dagny's Real Estate      List Price Average vs. Sales Price Average-2012   Months of Inventory 2010-2012 Months of Inventory, or Absorption Rate Months of Inventory, or Absorption Rate is the rate at which homes are selling in a specific area.  The fewer months homes are available the better the market is for the seller.  A buyers market is when the prices are driven down because the market is saturated with available homes to buy. Fairfield Average sale price in December is $542,780 and 22 houses have sold so far in December.  Year to date 665 homes have sold with an average price of $641,410. There are currently 296 active listings and 65 pending in ...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
FAIRFIELD Market Trends October 2012 Fairfield’s prices continue to rise and the market is a healthy one with a trend of higher prices and fewer days on market.  Fairfield remains in a Buyer’s Market with 7.91 months of inventory, but the Three Month trend of 6.4 months is almost in Seller’s market territory (less than 6 months of inventory).  There have been 15 sales over $2 million in Fairfield in the past 12 months.  The lowest sale price was $90,000 and the highest was $5.95 million.  The median sale price was $535,000. In retrospect, it looks like Fairfield hit bottom in Q1 2012 and a recovery is now underway. What homes are most in demand by buyers in Fairfield?  The sweet spot in the market is for 3 bedroom homes listed between $450,000 to $475,000 and selling at 95% of list pric...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
FAIRFIELD Market Trends September 2012 Although Connecticut was in the news for leading the nation in price declines over the second quarter (March-May), Fairfield’s prices continue to rise and the market is a healthy one, particularly compared to New Canaan and Greenwich which were reported to have experienced 12.9% price declines during that period.  More good news is seen with the increasing List to Sales price ratio of 96% and fewer days on market.  Fairfield remains in a Buyer’s Market with 7.9 months of inventory, but the Three Month trend of 6.1 months is almost in Seller’s market territory (less than 6 months of inventory).  In retrospect, it looks like Fairfield hit bottom in Q1 2012 and a recovery is now underway. FAIRFIELD INVENTORY FAIRFIELD SALES HOTTEST HOMES IN FAIRFIELD ...
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By David Popoff, Realtor®,SRS, Green ~ Fairfield County, Ct
(DMK Real Estate )
ActiveRain Members Please “Like” SnappyGreen.   To my fellow ActiveRain Members I hope you have time to visit our “hyper local green blog” SnappyGreen.com and visit our Facebook page and click the “LIKE” button. I have been a contributor on this informative, community website for over two years. You will find many helpful links and articles on this website that will pertain to everyday life where ever you are. If you are interested you can also contribute an article to SnappyGreen having to do with Green building. Healthy lifestyle. Sustainable practices & tips. Recycling, Reusing and Reduce. Write your article and submit it to us with links back to your website. SnappyGreen also promotes the sustainable lifestyle and participates in local events such as: LIVE GREEN CT Fairfield Earth D...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
  Fairfield had a vibrant Spring market with increasing sale prices, increasing List to Sales price ratio, and fewer days on market.  Fairfield remains in a Buyer’s Market with 7.6 months of inventory, but the Three Month trend of 5 months is in Seller’s market territory (less than 6 months of inventory).  In retrospect, it looks like Fairfield hit bottom in Q1 2012 and a recovery is now underway. What homes are most in demand by buyers in Fairfield?  The sweet spot in the market is for 3 bedroom homes with a list price of $475,000-500,000 and 4 bedroom homes listed between $825,000-850,000.  They tend to be on the market only 88-102 days and sell for 96% of list price. 
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By Barbara Altieri, REALTOR-Fairfield County CT Homes/Condos For Sale
(Better Homes and Gardens RE Shore and Country Properties)
Now here’s a real in-town gem of a cape for sale in Fairfield CT!  Super location AND lots of features! 3BR/2Bath cape in sought after neighborhood. Walk to train, shops, library & restaurants. Open living room/kitchen, perfect for family life & entertaining. Master bedroom w/ alcove & walk-in-closet. Front-to-back family room w/ access to oversized deck. Level property w/ shed. Steps to neighborhood park at end of cul-de-sac. Hardwood floors. Super location for today’s lifestyle. Short drive to Penfield or Jennings beach. Commuter's dream! Love to Golf? This home is short ‘drive’ to 9-hole South Pine Creek Golf Course. Appreciate the best of both worlds in this perfect starter or downsizer cape---the convenience of town living right around the corner AND the benefit of having your home...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
Fairfield had a vibrant Spring market with increasing sale prices, increasing List to Sales price ratio, and fewer days on market. Fairfield remains in a Buyer’s Market with 8 months of inventory, but the Three Month trend is in Seller’s market territory (less than 6 months of inventory). In retrospect, it looks like Fairfield hit bottom in Q1 2012 and a recovery is now underway.
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
    FAIRFIELD Market Trends June 2012   Fairfield, Connecticut real estate had a banner Spring market.  The green indicators on the right hand column show that the Fairfield market improved on all indicators.  More homes are selling, prices are increasing, properties on the market for less time before selling, and the List to Sales price ratio is stable at 95%.  While Fairfield is still in a Buyer's Market with 10.8 months of inventory, the trend for all indicators over the past 3 months is in the direction of a balanced market. Thinking of buying or selling in Fairfield, Connecticut, call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.  
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
  Fairfield CT 06824 Homes for Sale    MORTGAGE DEBT RELIEF ACT- EXPIRES AT THE END OF THE YEAR     TAKE ADVANTAGE NOW!! TIME IS RUNNING OUT!   We all know that our economy has been in distress.     Are you facing stress or hardships?     Feel lost and don’t know what you’re going to do? If you lost your job, or simply cannot afford to make your monthly mortgage payments, there may be relief.   66 Homes for sale in Fairfield , CT were foreclosed since June of 2007.    20 of those homes for sale were foreclosed on in the last year.    Do not become a statistic, save yourself the grief of large amounts of debt.      You can be protected.     THE MORTGAGE RELIEF ACT   If you have a home for sale and are not aware of the benefits you may be eligible, I do recommend you educate yourself, and...
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
Market Time Homes for sale in Fairfield, CT average days on market of 122 in May was up somewhat from 105 in April and up moderately from 105 in May of 2011. Months of supply of 12.9 in May was down a little from 13.1 in April but up somewhat from 11.2 in May of 2011. Prices Median price for homes for sale in Fairfield, CT of $572,500 in May was up 6.6% from $537,000 in April and up 7.0% from $535,000 in May of 2011. 3-month average sale price of $666,249 in May was up marginally from $661,800 in April but down modestly from $688,162 in May of 2011. Sales Homes for sale in Fairfield, CT in May were 66. This is up 11.9% from 59 in May of 2011. Sales/list price ratio in May moved down to 95.0% from 95.4% in April.   Homes For Sale - Market Report Redding CT 06896, May, 2012 Homes For Sal...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
    FAIRFIELD Market Trends May 2012   The Fairfield, Connecticut real estate market has been picking up over the past three months.  More homes are selling and there is less inventory.  In fact, the current inventory suggests that it would take more than 11 months to sell all the homes currently on the market.  This is still a Buyer’s Market in Fairfield, but the trend for all indicators over the past 3 months is in the direction of a more balanced market.  Thinking of buying or selling in Fairfield, Connecticut, call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.  
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
    FAIRFIELD Market Trends April 2012   It is still a strong Buyer’s Market in Fairfield. (A balanced market is 6 months of inventory and less than 6 months is a Seller’s Market.)  Very few towns in Fairfield County have shown price increases in the past 3 months, so four market trend indicators in green means that Fairfield has one of the stronger real estate markets in the county. 
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By Dagny Eason, Fairfield County CT, CDPE Homes For Sale and Condo
(Dagny's Real Estate)
Are Prices Rising or Falling in Fairfield?   Are prices rising or falling in Fairfield County? Let's just take a look at Fairfield. If we look at the Average Sales Prices for homes sold in Fairfield from 2002-2012 we the market has begun to make a bit of a recovery despite a dip this quarter from last year.  But is looking just at the Average Sales Price deceptive?   In the first quarter of 2012 there have been 104 homes sold in Fairfield. The average sold price is $613,912. However if you look closely you will see that 19 of those homes that were sold were over $1M. How much does that skew the average sales price? As it turns out - quite a bit!   The average sales price of homes UNDER $1M in Fairfield is $443,602. Those million dollar homes homes brought the average up $170,000. In fac...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
    FAIRFIELD Market Trends March 2012   The Fairfield Connecticut real estate market is showing signs of improvement in Average List Price and Sales Price for the past three months. It would take 12.7 months to sell off all the inventory in Fairfield (the 12 month’s rate is used), but this isn’t out of line with other towns in Fairfield County.It is still a strong Buyer’s Market in Fairfield. (A balanced market is six months of inventory and less than six months is a Seller’s Market.) Very few towns in Fairfield County have shown price increases in the past three months, so this market trend is a good sign for Fairfield. Thinking of buying or selling in Fairfield, Connecticut, call Gail Robinson, REALTOR, at 203-521-0768 for a consultation.  
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
NEGOTIATING OFFERS ON YOUR FAIRFIELD CONNECTICUT HOME Getting an offer is not the end of the sales process, it's really the beginning.  Up until this point everything has simply been paving the way for the right buyer to make an offer on your home.  An offer includes more than the price, it includes the terms of the sale, which can sometimes be more important than the price.  For example, if someone offers full list price, but makes the sale contingent upon the sale of their own home, this offer is less desirable than a slightly lower offer with no contingencies.  You need to look at the offer as a whole, not just at one or two aspects.  Sometimes getting the right price causes sellers to overlook problems that could arise from the close dates or mortgage contingency dates.  They are so...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
SHOWING YOUR FAIRFIELD CONNECTICUT HOME After you have set the price, staged your Fairfield Connecticut home, and agreed upon a marketing plan with your listing agent, the next step is to make your home easy to see and to show off your home in its best possible light.  EASY TO SHOW These are important words to busy buyer agents.  When your home is "easy to show" buyer agents may include your home in their schedule even if it isn't quite what their buyers say they want.  This is good because buyers sometimes fall in love with a home outside their stated criteria.  "Easy to show" means that the sellers are very accomodating in terms of showing times and are forgiving if the agent runs a bit ahead or behind in their schedule.  The more restrictions you put on showings in terms of times, da...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
MARKETING YOUR FAIRFIELD CONNECTICUT HOME Print advertising is dead.  Well, almost!  Newspaper circulation is down and newspapers are shutting their doors across the U.S.  In tracking my Return on Investment (ROI) in advertising, I have seen print advertising decrease in effectiveness and Internet marketing increase.  MARKETING VS. ADVERTISING Let's talk a bit about the difference between marketing and advertising.  Advertising is when you pay the media to announce details of your product or service, such as when your agent takes an ad out in The Real Estate Book, a publication that is distributed at grocery stores, gas stations, and other public places.  Marketing involves all other methods to bring attention to your home and encourage its sale.  Open Houses are one form of marketing, ...
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