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Trumbull, CT Real Estate News

    $559,900 MLS # 98422271 7 Vintage Road One of a kind Western Contemporary with spectacular views This magnificent homes features a 41x27 Grand Room with vaulted ceiling, two ceiling fans, new carpet, and sliders to the yard.  New kitchen with stainless steel appliances, cabinets, granite, and access to deck with built-in bbq.  From the master bedroom suite with fireplace and private balcony to living room with soaring 9+ ceilings and new hardwood floors this home is does not disappoint. Call The Kasey Group for more information 203-378-8200
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By Matt Listro, Your Credit Repair Expert
(National Credit Fixers - Matt Listro)
Swine Flu in Connecticut There have now been 28 confirmed cases of Swine Flu in CT.  So far the cases have all been mild - without the need for hospitalization.  The Flu sufferers range in age from 4 to 56.  I will be continuing to monitor this situation and update my ActiveRain followers as it develops. Are there any confirmed swine flu cases in your state? :) Matt Listro   Toll Free:        888-NCFIXER (623-4937) Toll Free Fax: 888-FAX-4020 (329-4020) Local:              860-282-6181 330 Roberts Street 4th Floor East Hartford, CT 06108 website
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NEW LISTING 17 Sally Ann Drive, Trumbull $399,900 (Exterior is in the process of being painted White)               Move right into this 4 bedroom, 2 bath Ranch featuring main level family room and update kitchen.                The fabulous finished lower level with family room, spacious bedroom, and full bath with laundry adds an additional 525 square feet to this lovely home.  Located on a quiet dead end street in the Jane Ryan school district.
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By Judy Cicalese, Market Knowledge-Social Media Savvy 203-638-7812
(William Raveis Real Estate)
       Provided By:  Judy Cicalese, William Raveis Real Estate, Trumbull CT Information deemed reliable, but not guaranteed.  All information per Consolidated MLS. All Information pertains to Single Family (SF) homes only.  As of April 27: There are 222  ACTIVE listings, AVG Days on Market = 91. Prices range from $183,900 to $1,499,900.  28 of the 222 Active listings are UNDER DEPOSIT AND 37 are PENDING and due to Close-we are in full Spring season. 82 of the Active homes are priced UNDER $400,000(this is significant for Trumbull - just a couple of years ago---only 80 homes sold in 2006 and 2007 under $400,000 for the entire year.  As of 4/27/09 - 95 of the Active homes are priced $400-$600 which is the most active price range typically for Trumbull.   Only 45 homes are priced over $600...
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By Judy Cicalese, Market Knowledge-Social Media Savvy 203-638-7812
(William Raveis Real Estate)
                              Provided By:  Judy Cicalese, William Raveis Real Estate, Trumbull CT, Information deemed reliable, but not guaranteed.  Information pertains to Single Family (SF) homes only.  As you can see from the above chart  - 91 fewer homes were sold in 2008 than in 2007.  This is a significant decrease and the AVG sold price has dropped as well.  The main reason for the AVG price drop is the fact that 91 of those sold in 2008 were priced under $400,000 as this is the price range where homes are selling more quickly. As of Jan 7, 2009: There are 162  ACTIVE listings, AVG Days on Market = 120. Prices range from $244,900 to $1,549,900.  65 of the Active homes are priced UNDER $400,000---great values right now here in Trumbull for buyers who are ready to buy. I also thin...
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By Judy Cicalese, Market Knowledge-Social Media Savvy 203-638-7812
(William Raveis Real Estate)
Provided By:  Judy Cicalese, William Raveis Real Estate, Trumbull CT Information deemed reliable, but not guaranteed.  All information per Consolidated MLS. All Information pertains to Single Family (SF) homes only. As of Nov 1, 2008: There are 207  ACTIVE listings, AVG Days on Market = 107. Prices range from $189,600 to $1,549,900.  68 of the Active homes are priced UNDER $400,000(this is significant for Trumbull).  The median price (shown in the chart) compared to 2007 is down significantly due to the fact that the most expensive home sold in Oct 2008 was $795,000.  However--In 2007-- 6 homes sold in Oct were over $700,000 and 3 were over 1 million.  23 homes closed in Oct 2008, compared to 26 for July 2007,   20 of the 207 Active listings are UNDER DEPOSIT AND 32 are PENDING and due...
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By Judy Cicalese, Market Knowledge-Social Media Savvy 203-638-7812
(William Raveis Real Estate)
Provided By:  Judy Cicalese, William Raveis Real Estate, Trumbull CT Information deemed reliable, but not guaranteed.  All information per Consolidated MLS. As of Aug 9, 2008: There are 258  ACTIVE listings with an Average Days on Market = 98 . Prices of Single Family homes range from $254,900 to $1,549,900. 157 of the Active homes are priced UNDER $500,000, and 25 homes closed in July 2008, compared to 35 for July 2007  -  18 of the 258 Active listings are UNDER DEPOSIT AND 30 are PENDING and due to Close. SF Solds 1st QTR  Avg Sale   Price 2nd QTR Avg Sale Price 3rd (Jul only Avg Sale Price 4th QTR Avg Sale Price 2008   52 $453,090    92 $478,207  25 $502,208     2007   69 $518,925  115 $527,402    114  $524,210   78 $508,453                   2008(Jan-Jul)169 Homes Sold, AVG $ = $47...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Trumbull Homes for Sale July 2008  As sales have fallen behind last years levels, Trumbull has seen a rise in inventory of homes.  There are now more choices for buyers than any time in recent memory.  As we move past the peak selling season, the message to sellers is sharpen your pencil and be as aggressive as you can on price.  Sellers are beginning to worry less about the price they sell at but rather will there be a buyer for their home at all.      2007 2008   170 151 -11% 168 165 -2% 176 176 0% 184 197 7% 212 221 4% 222 241 9% 229 242 6% 218     221     218     209     183    
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Trumbull Real Estate Update June 30, 2008 Well, it is a good news, bad news update.  The bad news is the number of Closed Sales is off 24% from last year.  The good news is that this is one of the best performances of any surrounding town.  Most towns are seeing a drop of 35% to 45%.  The buyers that are making decisions still see Trumbull as a very good value for the money...and with gas prices going out of sight - Trumbull is also a good commuter value. As you expect, we are seeing prices drop too.  The Median Sales Price is off 14% from last year.  This is a pretty large year to year drop and reflects the lack of demand in the market place.  All this might not be good news for sellers but this is the best market for buyers in over ten years! TRUMBULL Update Year to Date Sales of Sing...
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By Judy Cicalese, Market Knowledge-Social Media Savvy 203-638-7812
(William Raveis Real Estate)
                   Provided By:  Judy Cicalese, William Raveis Real Estate, Trumbull CT Information deemed reliable, but not guaranteed.  All information per Consolidated MLS. As of Jun 20, 2008: There are 283  ACTIVE listings with an Average Days on Market = 82 . Prices of Single Family homes range from $264,900 to $1,549,900. 25 of the 283 Active listings are UNDER DEPOSIT AND 42 are PENDING and due to Close. SF Solds 1st QTR  AVG Sale   Price 2nd QTR AVG Sale Price 3rd QTR AVG Sale Price 4th QTR AVG Sale Price 2008   52 $453,090    67 $450,919         2007   69 $518,925  115 $527,402    114  $524,210   78 $508,453                   Comparing 2007 with 2008 Sales for Single Family Sold Homes are the following (2008 results are through 6/20/08 only for closed sales) 2008  - 119 Homes S...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Trumbull Housing Inventory TrendApril 2008The numbers are pretty clear.  The slow start to home sales in 2008 has inventory levels moving from 11% below last year to 7% above in just four months.  The number of homes on the market is approaching historical highs.  With this much selection and low interest rates, Buyers should be able to find some great deals.   However, they still seem to be waiting for lower rates and lower prices in the months ahead. MonthNumber of Homes for Sale 20072008 Jan170151-11%Feb168165-2%Mar1761760%Apr1841977%May212  Jun222  Jul229  Aug218  Sep221  Oct218  Nov209  Dec183   
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Trumbull Home Sales and Real Estate UpdateMarch 30, 2008Trumbull Home Sales have taken it on the chin in the first quarter of 2008.  Sales are off 29% for Jan, Feb and March compared to the same period last year.  This slow down in sales is translating into better prices and better value for buyers.  Trumbull Real Estate has never looked so good to buyers.  With the Median Price down 17% from 2007, buyers are getting better deals than ever.   The only question remaining is when will buyers be returning to the market?  With low prices and low interest rates, we would expect to see unit sale pick up in the months ahead.  Stay tuned..... TRUMBULL UpdateYear to Date Sales of Single Family HomesAs of March 30              2008200708 vs 07200608 vs 06Closes4969-29%69-29%Median Price$392,500$4...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Trumbull Home Sales and Real Estate UpdateFebruary 2008Trumbull is following the trend for many of the surrounding towns.  This year is running will behind the last two at the start.  Two months certainly doesn't tell the entire story.  It seems that buyers are staying on the sidelines waiting for the Fed Reserve to finish dropping the interest rates.  As long as money is cheaper next month and payments lower, why buy today?Unit Sales are running almost 50% below last year.  Prices are down too.  This is going to be a lot to make up for in future months if this is going to get back on track.The lowest priced home sold so far was - 29 Sunset - a 4 Bedroom Colonial on .14 Acres built in 1931.  It sold for $262,000.  The highest priced home was 112 Hilltop - a 4 Bedroom Colonial on 1.51 Ac...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Trumbull Real Estate and Home Values - 2008 UpdateTrumbull Real Estate is off to a slow start for the New Year.  Coming off two stable years in Unit Sales and Pricing, 2008 stumbled out of the gate.  While you don't want to jump to any conclusions after one month of date, it does make February take on more importance. The drop in Home Sales could be tied to the Federal Reserve's highly publicized cutting of interest rates and the expectation rates will be going lower. Buyers may be waiting on the sidelines not wanting to commit until they are sure of their buying power and the real cost of financing.  I fully expect sales prices and home values to catch up to past years with more data in for February and March.  We are seeing the gap between Sales Price and Asking Price increase. It is ...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Trumbull Yearend Update 2007Sales of Single Family HomesTrumbull has always been known for value.   Just one town past the "last" commuter town of Fairfield, buyers have always found a lot for their money.  So there is the dilemma - either pay of larger mortgage payment in Fairfield or have a longer commute each day to the high paying jobs in Stamford, Westchester County and New York City.Trumbull is seeing a similar trend to its neighboring towns.   Unit Sales are off almost 20% from 2005.  This represents a small decline from a slow 2006.   Both Median and Average Selling prices have continued at a stable to up a bit pace.  Homes in Trumbull are getting larger and moving up in price.   Thirteen Homes sold in this past year for $1 Million or more. Trumbull UpdateYear to Date Sales of S...
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By Judy Cicalese, Market Knowledge-Social Media Savvy 203-638-7812
(William Raveis Real Estate)
 Provided By:  Judy Cicalese, William Raveis Real Estate, Trumbull CTInformation deemed reliable, but not guaranteed.  All information per Consolidated MLS.As of Jan 28, 2008:161 ACTIVE listings18 are UNDER DEPOSIT, and 10 are PENDING closingAverage Days on Market is 97 for the current Active listings. The Active Home prices range from:  $274,900 to $1,575,00080 homes have EXPIRED, been WITHDRAWN or CANCELLED since Dec 1, 2007 thru Jan 28, 2008.  Sometimes these homes are re-listed perhaps at a lower price or with a different company or simply taken off the market completely.104 Homes closed during the 4th Quarter of 2007, with an AVG price of $510,227 and days on market being an AVG of 92.Comparing 2006 with 2007 Sales for Single Family Sold Homes are the following:2006 - 385 Homes Sol...
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By Judy Cicalese, Market Knowledge-Social Media Savvy 203-638-7812
(William Raveis Real Estate)
Provided By:  Judy Cicalese, William Raveis Real Estate, Trumbull CTInformation deemed reliable, but not guaranteed.  All information per Consolidated MLS.As of Nov 1, 2007, there are 229 ACTIVE listings, 21 are UNDER DEPOSIT, and 20 are PENDING closing. 51 homes have EXPIRED, been WITHDRAWN or CANCELLED for the month of  October 2007.  Sometimes these homes are re-listed at a lower price or with a different company. Average Days on Market is 88 for the current Active listings. The Active Home prices range from:  $274,900 to $1,575,000Closed for October - 26 Single Family (SF) homes closed- AVG sales price of $596,506 AVG Days on Market of  101 (up slightly from previous month of Sept with AVG Days on Market being 91).  This is not so bad either---it's quite average. Comparing 2006 to 2...
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By Samira Baghai
(RE/MAX Heritage)
    As I mention before I am Buyer's specialist, in team with my partner Ali Nabatchian. We provide a very specialized service. We make sure that your home gets marketed, and following up with all the leads and buyers needs. Been specialized in one field only is great help our clients.
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By Samira Baghai
(RE/MAX Heritage)
       Looking at news today and checking the interest rates for buyers are still low. The following are the some sample overnight interest rates which are growing. the buyers rates are always a 1/4 or 1/2 % more. Time to purchase a home before rates go up.   30 year fixed rate @ 6/07%, and 10 year treasury yield @ 4.64%  
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By Samira Baghai
(RE/MAX Heritage)
     Fall and winter is the best session to buy. Good cool weather and unsuspected sellers. This helps you the buyer to have a upper hand and get good deal on your new home. What would be better that a new home that you can decorate for hoilday session, and put your x-mas tree in it. 
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