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The TNT Real Estate Chronicle
May 2013 Edition
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Wendy Tremaglio and Steven Thomson 800-828-2177
Connecticut Magazine 2012,2013
 | | Diamond Society Award 2010 - TNT Partners |
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May brings flowers and follow through, both well liked in the real estate industry! Positive is still the word as it relates to the economy, stock market, jobs and housing. The data points continue to support an improving housing market.
Our local market place maintains its busy, yet competitive stance, still thirsty for new inventory to satisfy the large buyer pool. Sales-price-ratios tighten reflecting the squeeze on buyers as the market is transitioning into a seller's market place.
January through April - 2013 vs. 2012 - home sales were up across the board; Westport, Weston, Wilton, Fairfield and Norwalk. Average sales price up in Westport, Weston, Wilton and Fairfield, down in Norwalk. Check out our Market Action Reports for the details.
Mortgage rates moved up to 3.51% from the prior week, but are still below a year ago at 3.79% according to the Freddie Mac Primary Mortgage Market Survey.
We have a new listing in Westport, 131 North Compo Rd, don't miss this crisp and clean, picture perfect move in ready home. We will be hosting an open house Sunday from 1- 4 pm love to see you or any of your friends that may be looking.
This Sunday is the Coldwell Banker Open House Event, 43 homes ranging in price from $330,000 to $2,850,000 are on the tour. Going to open houses is a good way to get a better sense of the market.
As always we are here for you to answer any questions or concerns, please do not hesitate to reach out. If you know of anyone who is looking to buy or sell, we would appreciate the referral.
Happy May!
Wendy and Steven
P.S. We have started something new in this issue of the Chronicle, sharing with you local businesses that we know and who are contributing to our community through the services they provide. Scroll down to see who they are.
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| Home and Real Estate Topics | |
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Home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a purchase mortgage are rejected. Yet nearly three quarters of Americans say it's a good time to buy a home.
We see it every day. Sellers who don't take the time to ensure a smooth home inspection and who pay for it in the long run. The spring market is upon us. A little preparation can ensure sellers have great home inspections.
Since late last year, industry experts forecast a drop in mortgage refinancings as rates rise, and a revival of purchase mortgages, as the housing recovery creates business for lenders willing to work with buyers.
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| Monthly Market Action Reports |
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Looking for market data for your town?
Property sales, price trends, inventory, months supply of inventory, selling price per square foot, selling price vs. listing price ratio. Comprehensive reports at TNT Market Action Reports.
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| Search Every Property on the Market |
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Search like an agent!
Sign up is not required. However you do have the option to set up your own account, save searches, stay updated on sales/price changes. You can also sign up for a Listingbook account. Start your search here |
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Community Businesses "Our Picks of the Month" | |
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Dr. Brian Henninger, N.D., Naturopathic Physician, focuses his practice on Pediatrics and Family medicine. His mission is to provide quality health care through the principles of natural healing. To facilitate deep through healing in a manner that is effective, painless, and easy.
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"With a background in art and graphic design, I find inspiration in everything - so when I see an old chair or dresser or a blank wall, I can easily visualize and apply a look to it that complements its surroundings and makes people smile." Sue Alexander |
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Coldwell Banker
Westport Riverside
472 Riverside Ave
Westport, Connecticut 06880 |
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