Friday, August 14, 2015

Multiple Offers

              This charming farmhouse colonial in Greens Farms had not
                            been on the market in over 25 years. It had originally been a caretaker's  cottage
                             that was expanded the expanded by the current owners. It features 4 bedrooms,
                                     3 fireplaces, 2.5 baths,  a sunken sunroom, dining room, office and family room on a beautiful flat acre, with a deck, patio and hot tub.
                         The house went on the market late on a Saturday afternoon, and by
          Sunday evening there were 3 offers over the asking price.
            The very organized owner had prepared the house for sale
           starting the previous year and the house had worked with
              the experienced team at Show to Sell to make it look its best.




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Wednesday, August 12, 2015

A Hot July

As the weather improved we continued to see improvement over what had been a late spring market. The number of homes that have gone to contract have increased in all the Mid-Fairfield towns, though the coastal towns showed more activity than our landlocked neighbors.

Westport had 29 homes go to contract in July, a 74.4% jump over the previous July. On a year to date basis there has been a more modest 5.8% increase in properties that have gone to contract.  Year to date sales through July stood at 220 single family homes compared to 216 the previous year at this time-a 1.9% increase.  Inventory levels at 8 months have decreased, but are not at levels one would
expect in an active market.  These levels are somewhat influenced by new construction and other high end properties on the market which are selling more slowly than properties below $1.5 million.
The median price is currently at $1,295,500 ( off 2%) through July, but some higher priced sales should see those levels rise.

Weston continues to have a solid though not spectacular year.  The median price now stands at 852k compared to 820k at this time last year.  Homes that have gone to contract are up 6% and inventory has been dropping, though at 11 months it is still too high.  The high end is weighing on those figures.  In terms of sales, the 94 homes sold through July was the exact same number as through July 2014.

Wilton has seen a big jump in median sale's price to $870,000, compared to $790,000 last year, and homes going to escrow have increased 3.4% to 152, but sales have been lagging, with 125 through July compared to 136 through July, 2014.  Inventory levels fall into the middle range of 8.7 months.

Fairfield entry levels sales continue to go strong.  With 458 sales compared to 392 through July 2014,
Fairfield has been an active market.  Homes going to escrow have jumped 24% with 534 through July.  The median price is holding steady at $575,000 compared to $573k last year.  High end sales have also been lagging in Fairfield.

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Sunday, August 09, 2015

National Housing Market Remains Strong

Whether to buy or sell may not seem as black or white following recent housing indicators, which offered contradictory points of view, but Jonathan Smoke, chief economist at® says the residential real estate market continues to show strong signs of health in July. According to®’s ‘Advance Read of July Trends’, which draws on residential inventory and demand trends...

Here is more of the article:

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