New Fairfield, CT Real Estate News

By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
New Fairfield, Connecticut Real Estate UpdateJanuary 2007 Closed home sales in New Fairfield, Connecticut: In January of 2007, there were 12 home sales closed in New Fairfield, CT.List Prices ranged from $329,999 - $1,299,000.Closed Sales Prices ranged from $289,350 - $1,250,000. The average closed real estate sales price for New Fairfield for the month of January was $610,000.On average, these homes sold for 94% of their list price.Days on Market ranged from 50 - 382 days, with the average being 155 days of market time. However, homes that were priced correctly for the market sold for 96% - 100% of their list price. This compares with 3 closed sales in January, 2006, with an average sales price of $290,000.Currently available homes for sale in New Fairfield, Connecticut: Currently, the...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
New Fairfield, Connecticut, has created the Alert Now Emergency Notification Program, which will notify town residents of any emergency situations in the town.  Notifications will be made for: Utility outages Town evacuations Chemical spills Road closures Public health emergencies Shelter information Any other town emergency This program is similar to the school notification system already in place, which contacts households with schoolchildren of any important school news and information. Enrollment in this new program is free and voluntary for all town residents, and all enrollment information will be kept confidential.  Notifications will be made via a recorded telephone message and/or an email. Application forms to enroll for this service may be picked up at the New Fairfield Police...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
New Fairfield, Connecticut School District administrators are entering the computer age.  Beginning on or about January 24, 2007, all school policies will be available online at the district's website. Utilizing a service of the Connecticut Association of Boards of Education (CABE), all district policies will be available for the public to view at their leisure. Currently, school policies are only available through the Superintendent's office under the Freedom of Information Act; those wishing to receive copies of the policy may be charged at the cost of $0.25 per page. This new online availability of district policies will ensure that current policies are available for all to view, free of charge.  It will also eliminate the need to maintain a binder of copies of every policy in each a...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
I've been asked to write the five reasons to buy in my area.  I'll start in the town I live in, New Fairfield, Connecticut. Top 5 Reasons to Buy in New Fairfield, Connecticut   It's beautiful, small-town New England charm.  With a population of right right around 14,000, New Fairfield has grown into a charming suburb while still maintaining its small-town roots.  Recreation.  Bordering Candlewood Lake, the largest lake in the state of Connecticut, New Fairfield enjoys year-round recreational activities, from boating to fishing to swimming to hiking to ice-skating.  New Fairfield is also home to Squantz Pond, a state park that offers swimming, picnicking and miles of hiking trails with tremendous views of the area. Convenient location.  Bordering New York state and the larger Connecticut...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Selling your home can be a stressful experience.  But it doesn't need to be that way.  Most home-selling pitfalls are easily avoided with up-front preparation and teamwork between you and your real estate agent.  I have determined the most common mistakes home sellers make, along with how to avoid them in order to get the best price for your home, in the shortest amount of time, with the least amount of stress. Today we'll focus on an unfortunately very common Seller Mistake: Over-pricingBased on an emotional assessment, it is easy to think your house is worth more than the current market may support. After all, it's not just your house, but it is your home, and your home is special to you and your family.  To determine a reasonable listing price, work with a real estate professional fa...
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By Don Fabrizio-Garcia, Owner/Broker/Trainer - Fab Real Estate
(Fab Real Estate)
Everyone wants to know what the real estate market is like today.  Is it a bubble?  Is it going to burst?  Did it burst already?  I don't have a crystal ball, so I can't claim to know all the answers.  But, as a real estate agent, I can make some educated guesses based on experience. I don't believe my market area (Western Connecticut/Greater Danbury area) is experiencing a bubble, nor are there any signs of an impending bubble burst.  Prices have stabilized.  Some areas have seen slight price reductions, other areas continue to see slight appreciation rates.  Normalcy has returned to the home sale market. The available inventory of homes for sale on the market has increased during the course of 2006, while at the same time some buyers have taken a step back, thinking prices will drop. ...
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