Friday, April 24, 2015

Close to Schools With an Inground Pool






















This gracious colonial is set back beautifully in one of Weston's finest and most distinguished locations. The recently expanded and renovated kitchen, family room and mudroom provide an excellent layout with great space, comfortable rooms and maximum light. Easy access to the outdoors is obtained through one of the sets of French doors that lead to the patio and pool. Potential 5th bedroom on first floor. Meticulously maintained and includes a generator.
$1,280,000

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Thursday, April 16, 2015

Surprisingly hot spring in some parts

Activity in the marketplace under $1 million continues to advance at a rapid pace.  Weston continues to be the standout in that regard.  32 properties went to contract in Weston in March compared to 11 in 2014 representing an increase of more than 190 per cent.  Year to date there have been 46 properties that have gone to contract versus 26 in the first quarter of 2014 in Weston.  At the same time the median price in Weston compared to the first quarter of 2014 decreased by 21 % to $655,000.  In other words, the majority of activity has been on homes under $800,000.  There have only been 93 new properties that have come to the market in the first quarter compared to 103 in the first quarter of 2014.  Based on current activity there is 5.8 month of inventory. 

Wilton to has also had a hot spring market. March saw 37 properties go to contract, an increase of 105% over March 2014.  Year to date there have been 61 properties that have gone to contract compared to 41 in the first quarter of 2014.  Contrary to Weston, however, median prices are on
the rise in Wilton.  The median price of homes that have sold this year are up 25.4% to $875,000,
compared to $698,000 in the first quarter of 2014.  Wilton has however, seen an increase in new properties coming to the market, up 10.8%.  Closed sales are also down a bit, with 29 closed sales in the first quarter compared to 34 in the first quarter of 2014, representing a 14.7% drop.

Westport's median price has seen a slight decrease of 3.8% to $1,250,000. March contracts were down slightly (-6.5%) to 43 compared to March 2014.  First quarter results also saw a drop off,
77 vs. 87 in '14, or 11.5%.  Closed sales are also down slightly (-3.2%) to 61 (vs. 63) in the first
quarter.  Recent activity in April has been more brisk and these figures will likely be positive for
the month of April.

Fairfield continues to be the steadiest of the towns, with a median price increase of 2.8%.
Contracts in March were up to 101 compared to 60 in March, 2014.  Interest rates are helping to
drive the entry level buyers.  First quarter results are up 31.6% to 179 units under contract.  Closed sales are also up, 11.9% to 113 units in the first quarter.

There have been some recent indications that properties in the $1million-$2 million levels have been more active as have some of the higher end properties over $3 million.

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Tuesday, April 14, 2015

Best Value in Waterfront Real Estate



TUCKED IN BEHIND WOODEN GATES SITS 'CREEK'S END', A 4 BR 3 BATH COLONIAL. THIS UPDATED HOME HAS ONE OF PINE CREEK'S DEEPEST DOCKS. GREAT VIEWS OF LI SOUND AND PINE CREEK. NO WATER DAMAGE FROM STORMS. SEE ADDENDUM FOR ADDITIONAL INFORMATION. BEAUTIFUL GARDENS. SOLID DOCK. 5 MINUTE WALK TO PINE CREEK AVE. BEACH. PLAYGROUND ON STREET. EASY WALK TO PAR 3 GOLF COURSE AND TENNIS COURTS. 200+ ACRE PROTECTED WILDLIFE RESERVE ACROSS THE STREET WITH ONE AND A HALF MILES OF TRAILS. 5 MINUTE DRIVE TO DOWNTOWN FAIRFIELD AND TRAIN STATION. KITCHEN AND BATHS UPDATED. VERY PRIVATE SETTING. FLOOD INSURANCE AS OF 6/25/13 IS $738/YR.

444 PINE CREEK AVENUE  FAIRFIELD, CT
LISTED AT $999,000

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Thursday, March 26, 2015

Coming to the Market Soon

















Gorgeous 5 Bedroom 4 Bath Colonial with 2 Story
entryway and dramatic sunken Living Room with
dualing fireplaces and soaring ceilings. 4 fireplaces.
Finished basement.

                               $1,175,000
 



 

 

 

 

















 





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Thursday, March 19, 2015

Greenfield Hill Beauty with Elevator


Complete 2011 custom renovation designed by renowned NYC architect,Greg Shunick.
No detail overlooked,only highest quality materials throughout.Almost entire home is new: gas furnace, AC,cedar roof,elevator,kitchen,baths,flagstone patios,generator & more in 2011.An open floor plan was created for today's living with generously proportioned rooms,beautiful custom millwork and fine detail.1st floor w/ true Chef’s Kitchen open to Family Room, Dining Room with fireplace & Sunroom plus 1st floor Master Suite.2nd floor hosts Guest Suite/2nd Master plus 2 spacious Bedrooms w/ adjoining Family Room.Walk-out lower level w/ Office/5th Bedroom & Playroom.Perfectly sited to enjoy views of private property,Lower Greenfield Hill,2.7 miles to Metro North.
Asking price: $1,399,000


 



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Friday, March 06, 2015

Transitional New Construction with Sophisticated Flair




Stunning Masterpiece by Renowned Local Builder Able Construction on a Highly Sought After Cul-de-Sac in the Heart of Long Lots close to Schools & Amenities. This 7,750+/- Sq. Ft Home Features an Open Floor Plan with Truly Peerless Finishes. Finished on 4 Floors w/ 6 Bedrooms, 6 Full & 2 Half Baths W/ a Spectacular Eat-In-Kitchen Open to the Great Room, Striking Office & Living Rooms, Beautiful Master Bedroom Suite, Generous Size En-Suite Bedrooms, Walk Out Lower Level W/ Media & Exercise Room & Too Many Other Features to Mention. Large Glass Doors Create a Seamless Flow From Interior to Exterior Living Spaces Where a Beautiful Landscaped Property W/ Room for a Pool Awaits. An Opportunity to Own a Truly Special Home Not to be Missed!  $3,099,000




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Wednesday, March 04, 2015

February is a hot month for entry level homes

The earlier months of the year are not always representative of the year as a whole, but there seems to be a pattern for entry level homes, as the sales numbers trended toward the lower end of the market.


Despite record amounts of snow falling the number of entry level single family homes that went to contract increased dramatically this February when compared to February 2014. In Westport 41 homes went to contract versus 25 in the same month last year.  The median sold price for homes selling in February was at $883,000 compared to $785,000 in Feb. 2014.   These prices are well below the median sales price for the end of 2014 in Westport, which was over $1.3 million.  These
sales represent both properties going under contract in early 2015 as well as late 2014 contracts.
The year to date median sold price of $1.2 is much closer to those year end figures, implying a jump in entry level activity this month.  The median price at this time last year was at $1 million, so the trend of lower priced homes going early in the year is something to look at in the future.


Weston also saw an active market, with 16 homes going to escrow compared to 9 in February 2014
and for the year there has been an 80 per cent increase to 27 properties compared to 15 through February of last year.  The median sold levels in February were at only $558,000 compared to $710,000 last February, a decrease of 21.5%.  Year to date levels are also down considerably to $690,000 compared to $833,000 in Feb. 2014.


Wilton saw the most dramatic increase in contract activity, 160%, with 26 homes going to escrow compared to 10 last February.   The median sales price of $779,000 for February was slightly below last year's median price but well below the February average of $1.2 million.  Year to date the median sales price is $830,000 vs. $705,000 at the same time last year.  For the first two months of the year there have been 40 homes that have gone to contract, an increase of nearly 74%.


Fairfield, whose market is driven in much greater part by the entry level has seen its year to date median sales price  increase slightly to $558,000, just below the 2014 yearly median sales price.
The sales numbers have also  sharply improved.  Year to date there have been 125 homes that have gone to contract compared to 76 at this point last year.  That is a healthy 64.5% increase.  For February that increase was 84%. 


Inventory levels are slightly above historic averages.  Much of this inventory is represented by homes that were on the market previously in 2014.  New inventory has actually decreased thus far this year.
The coming months should see vibrant sales activity.

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