Saturday, April 02, 2016

Activity Through March 2016

Pick up in March

Sales year to date seem to be on a pace similar to 2015, but March activity was up in all towns. That being said, in Fairfield, Weston & Wilton the majority of the activity was for homes under $1 million.  Only Westport had a majority of recent homes binder for over $1million.  This explains the jump in the median price in Westport to $1,395,000 through the month of March. This represents an increase in the median price of 11.6%.   Closed sales for the year in Westport are identical to 2015, with 61 single family closings ytd. Year to date there have been 111 properties go to contract compared to 63 in the previous year, a 76.2% jump.

However, part of the underlying story is the increase in new properties that have come to the market.  In Westport there have been 296 new single family homes come to the market in 2016, an increase of 29.3%. Weston’s numbers percentage-wise are similar, with 119 new properties compared to 93 at this time in 2015, a 28% increase.  The numbers in Wilton are also similar-167 vs. 133, a 25.6% increase.  Fairfield numbers are a little more modest, an 18.2% increase, with 441 new listings compared to 373 in the first three months of 2015.

The median price trajectory has been increasing, but some of these figures may be deceptive.  In Weston, for example, the $745,000 median price is 13.7% higher than figures through the first 3 months of 2015, but below the 2015 median which was above $815,000. Wilton’s median price is up only 5% compared to the median of March 2015, but at $919,000 is above the median price for the entire 2015 season.  Fairfield’s upward trend to $635,000, an increase of 16.5% may be a better indicator of prices on the lower end of the market creeping upwards, though still well behind its neighbors overall.  The overall numbers are much greater in Fairfield than in the neighboring towns.  The 115 closed sales, for example is nearly double that of Westport.  However, signed contracts in Fairfield have jumped from 137 at this time last year to 238, a huge 73.7% jump.  The relative affordability and inventory of lower priced homes is driving these numbers.

Signed contracts are also up in Westport, Weston and Wilton. In Westport up from 63 to 111, a 76.2% jump. In Weston, up from 30 to 46, a 53.3% boost, and in Wilton, the largest increase of all, from 37 to 69 signed contracts, an 84% increase.  This recent spate of contract signing suggests that months of inventory have decreased, but this will depend on the number of new listings coming to the market in April and following months.

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Friday, April 01, 2016

Public Open House 26 Rices Lane, Westport Sunday April 3rd 2-4 p.m.

26 Rice's Lane  

Public Open House

Sunday, April 3rd   2-4 p.m.


Perfectly maintained, painted and pre-inspected. Move right into this beautiful 5 bedroom 5 bath Colonial on a coveted Old Hill cul-de-sac. Private acre with pool, great outside spaces, and screened in porch. Desirable first floor plan with 2 fireplaces, open kitchen, large family room and study. Spacious master suite, with 3 additional bedrooms and 2 baths. Flexible space over garage with additional bedroom, bath and living area. Finished basement with playroom, exercise, and bath. 3 car GarageTek. Easy access to town, highways, trains. Walking distance to new YMCA.

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Great Value In New Construction Just Reduced

142 Compo Road North  New Construction $1,899,000

Beautiful shingle style Colonial finished on 4 levels with room for pool. Just reduced $100,000.  Great Value.  Open floor plan, 2 fireplaces, over 5000 SF including 605 SF in lower level. Spacious gourmet kitchen open to family room with French doors to mahogany deck, formal living room, dining room, mudroom and full bath complete the first floor. 2nd floor with gorgeous Master suite plus 4 additional bedrooms and 2 full baths. 3rd floor loft/office and lower level playroom or gym. Custom millwork, detailed ceilings & built-ins enhance the flow & open floor plan. 3 car garage. Tremendous value. Close to town, restaurants and shopping.

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Monday, March 14, 2016

New Construction Just reduced $50,000

142 Compo Road North

Open floor plan, over 5000 SF including 605 SF in lower level. Spacious gourmet kitchen open to family room with French doors to expansive deck, formal living room, dining room, mudroom and full bath complete the first floor. 2nd floor with gorgeous Master suite plus 4 additional bedrooms and 2 full baths. 3rd floor loft/office and lower level playroom or gym. Custom millwork, detailed ceilings & built-ins enhance the flow & open floor plan. 3 car garage. Tremendous value. Close to town, restaurants and shopping.

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Friday, March 11, 2016

Coming Soon!

Adorable antique from the time of the Declaration of Independence. Exposed beams,
wide board antique floors, fireplace.  Close to shopping and restaurants. 3 bedrooms 1.5
baths.  $399,000

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Slowly Picking Up Speed

Westport has seen a pick up in sales of New Construction, some of which have been sitting for several months.  That is a key factor behind the median price increasing to $1,538,500 year to date.  Closed sales (an indicator of late autumn activity) is also up with 44 closed sales thus far compared to 35 last year at the end of February.   In terms of recent activity there were 30 homes that went to contract in February compared to 20 in 2015.  Combined with January activity there have now been 53 properties that have gone to contract compared to 34 last year, a pickup of 55.9%.  Inventory is still at higher than one would hope for, but the still large number of new homes that may be under construction and will stay on the market for many months until completed, tend to make these numbers more difficult to use as a good indicator.

Market activity in Weston has been slower to pick up steam, but it appears that February may have signaled the start of the spring market.  The 24 properties that went to contract was 64% higher than in 2015.  The median price however, from early sales is at a very low $538,000. That will likely change very quickly in the next few months, but does point to the activity in the lower end of the market in Weston. 

Wilton also had a low median price in February, but year to date is at $861,000, unchanged from last year.  Contract signing were at 28, up from 24 in February 2015.  Inventory remains higher than in a balanced market.

High performing Fairfield continues where it left off in 2015.  There have been 130 properties that have gone to contract thus far, compared to 78 last year, a whopping 66.7% increase. The 7.4 month inventory is the best in mid-Fairfield. The median price of $625,000 is up 12.1%.

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Friday, February 12, 2016

Sunday February 14th Open House 12 Greenbrier Road, Westport 1-3 p.m.

Romantic English 'Cottage' Style New Construction by Milton

Winning collaboration between MILTON,
premier local builder & architect Bruce Beinfield.
This highly anticipated new home is perfectly 
designed, incorporating every feature & amenity
that exceeds the dreams of the most sophisticated 
buyer. Part of an enclave of distinctive high-end
homes, this residence dazzles w/ sublime aesthetics
outside as well as in the highly functional
interior layout. Extras incl 2nd floor homework
lounge w/ built-in desks, vast finished LL w/
pro-style gym, playroom, au-pair/extra 
guest suite & game room.

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Saturday, February 06, 2016

Smart Homes Becoming More Common

Smarter Living: How to Automate Your Home

Posted on Feb 1 2016 - 12:51pm by Housecall

ipad smarthome
By Jim Burch
The home of the future doesn't just live in science fiction anymore. You can own it today. Better yet, it doesn't require thousands of dollars or long construction times. Home automation is available and affordable thanks to wireless Internet and smartphones. If you want to make your home smarter and work for you, look at these easy fixes to some of the house's longest-standing issues.
Beyond Health & Wellness
One of the biggest downfalls to completing your health and fitness goals is not a lack of motivation or discipline, but rather a lack of consistency. Stepping on the scale every morning, eating the right meals at the right time and remembering all your workouts in the gym can be tedious and overwhelming.
But when you win the morning, you win the day. So the first thing you should do when you wake up is step on the scale. The FitBit Aria Wi-Fi Scale takes your weight and body fat and sends it directly to your FitBit account online. Smartwatches like the Samsung Gear S2 can measure your sleep the night before and your steps during the day, so you don't have to give a second thought to crunching the numbers.
Beyond Lights
With the exception of incandescent to LED, lights haven't really changed in the last 100 years. They're more efficient and last longer, but you still have to remember to flip them off every time you leave the room (that's harder for some people than others). If you're looking for something better and more innovative, Philips has the answer.
The Philips Hue is an energy-efficient, long-lasting LED bulb with wireless connectivity, so you can control whether it's on or off, and how bright it is with more than just a switch. Want a light to shut off when you leave the room? Hue recognizes when your phone is away and shuts down accordingly. As an added bonus, the Hue can change colors, so you can adjust the mood in your home.
Beyond Temperature
Do you know about vampire energy? That's when the electronics and other devices you have plugged in are still consuming electricity, even when they're turned off. Computers and televisions are notorious for this, but your home's heating and cooling follows the same principle. When you are away at work for eight hours each day, your home continues to consume energy to maintain a temperature as if you were sitting in the living room.
Nest is a sleek, smart thermostat that learns your daily habits so it can raise or lower the temperature while you're gone to help you save money. It also connects wirelessly to your smartphone, so you can adjust the heating and cooling when you're away.
Beyond Security
You may already have a home security system, but it comes with a monthly fee. For example,ADT charges roughly $37 per month for its home-monitoring services, and that's just the starting price.
The Canary is a simple, all-in-one system that monitors your home's activity by watching (with its built-in camera) and listening to its surroundings while you're away. It connects to your Wi-Fi, so it sends you regular updates or emergency notifications if it detects a disturbance. It even measures the quality of air in your home to make sure everything is comfortable and normal. It can't contact the police or sound an alarm if there's a break in, but you are paying a one-time price instead of a monthly fee.
Born and raised near St. Louis, Mo., Jim Burch studied creative writing and journalism while working as an editor for the Murray State News. ​Jim's specialties range from movies and television, to consumer technology, and health and fitness.

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Thursday, February 04, 2016

Super Bowl Sunday Best Value in Compo Beach area Open house 1-3 p.m.

16 Buena Vista Drive    Westport, CT.  $1,999,000

Enjoy a lifestyle change when you fall in love with this new listing at Compo Beach. Morning coffee at Elvira's, a run at the beach, power-walk up Compo Hill and a relaxing dinner at home... this delightful home offers all the comforts and a spacious floorplan, in an exciting location. Step inside to the airy and open entry, which leads to the step-down LR w/ fpl. Entertain in the DR. Gourmet kitchen w/ custom cabinetry, gas stove, Sub Zero & granite counters opens to FR w/ fpl & French doors to the covered patio leading to the large, level yard. Flexible layout incls 1 of 5 BRs on the main level. The luxury master suite w/ sitting rm has a stunning designer bath w/ dramatic freestanding tub. All baths updated. Great bonus room & fin LL.

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