Tuesday, June 23, 2015

165 Bayberry Lane Sunday, June 28th 2-4 p.m.

Please join me at this beautiful new home to experience an exceptional home on a beautiful lot.

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     


Recently completed new home by highly regarded local builder with a reputation
for excellence. Fine craftsmanship, meticulous details and the highest quality
 materials show throughout this exquisite home. Perfectly sited on 1.2 level
 acres, this cedar shingle and stone construction is finished on all 4 levels with 
6 bedrooms, 6 full and 3 half baths. The centerpiece of this home is the Grand
 Family Room with its’ magnificent two story high ceilings, stone fireplace and
 large scenic windows that pour in the light. Pairing Intelligent design with
 aesthetic architecture, this Nantucket Style home is timeless in design
 blending traditional styles with today’s emerging trends. Room for pool
 and sports court.












































High:Staples




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Sunday, June 07, 2015

Heating Up in May

In the month of May Weston had 35 properties go to contract compared to 15 in May 2014. In addition the median price in Weston has increased over 7% year to date to $850,000. Year to date 84 properties have gone to contract compared to 51 through the end of May 2014. Based on the current activity projected inventory is down over 60 per cent. 

Wilton also saw an increase of homes going to contract in May, with 55 homes accepting offers compared to 24 in the previous May. Year to date numbers in Wilton are slightly below Weston in percentage terms (up 38.4%), with 119 homes going to contract compared to 86 at this time last year. The median price in Wilton has also increased 9% to $829,000.

Fairfield had the smallest increase in May (up 112%) with 155 properties going to contract compared to 73, but this is still a considerable jump. For the year those numbers are up 41% putting it just below Weston in comparable sales volume increase. The median price has increased only 1.2% in Fairfield to only $556,000. It remains a target for first time home buyers and those looking to downsize in a beach community.

Westport also had good numbers in May with 76 properties going to contract compared to 33 in May 2014. Year to date ecrows stand at 174 compared to 154 at the end of May 2014. The median price in Westport has gone down by 5.4% to $1,250,000. These numbers are likely to shift as some more expensive homes change title. 

Fairfield and Weston have both seen closed sales that have been higher than in 2014. Weston is currently up 20.5% and Fairfield has seen an increase of 13.9%. Wilton’s closed sales are down 8.5% and Westport’s are off 20.5%. These sales figures in the early months of the year often represent activity from the end of the previous year. Based on the number of homes `currently under contract, and the large number of closings that typically take place in the summer months, we should be seeing a change in closed sale numbers shortly.
 
The current story of closed sales might indicate to the casual viewer that we are running behind 2014, but based on this month's activity it is likely that we will catch up to 2014 by summer's end.  Whether the final year end results will equal 2014 will depend somewhat on the post-summer activity.  Based on the number of buyers that continue to look through sources like Listingbook, Zillow, Trulia, etc.
I would expect that there will be a relatively strong autumn market based on the delay of the typical spring market and the fact that May has been such a strong month.
Another element to watch are the slowly rising interest rates, to see if buyers will react to these numbers.

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Friday, May 15, 2015

April 2015 Sees Advances

April 2015 saw frigid temperatures for most of the month, but statistically it was a hot month. The biggest winner for the month was the town of Fairfield with 137 homes going to escrow. an increase of 114 per cent over the previous April.  To give a sense of what this means, this number is greater than sales in a town like Weston for an entire year.   Of course Fairfield is approximately 5 times bigger than Weston, but even in those terms it is impressive. Year to date Fairfield has 38% more contracts than at this time last year.  Closed sales are up 8.7%, but those numbers should jump in the coming months.  The median price is running at $550,000 so most of these sales are at an entry level.

Westport also had a good month, seeing 54 properties going to contract (versus 34 in April 2014), yet year to date Westport is slightly behind 2014. The median price is also lagging behind 2014 numbers, now sitting at $1,250,000, a decrease of 7.4%.

April was another good month for Weston.  Monthly escrows were up 87% and closed sales thus far are almost 18% above 2014 levels.  The median price has increased modestly (2.9%) to $799,000, but there have been some breakthroughs on higher end inventory.  Year to date escrows are up 47.6% so Weston has definitely turned the corner from the slowdown of a few years ago.

Wilton continues to be a solid performer.  37 properties went to contract in April compared to 21 in April 2014, and for the year Wilton is up almost 23% on contracts, though closed sales are running 14% behind last year.

May has started off even hotter (in real estate and real terms) than April.  Many feel that this is the result of colder winter weather.  We will have to see what kind of legs this spring market has.


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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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