|
|
|
The Real Estate Chronicle
November 2014 Edition
|
|
|
Steven Thomson
(203) 247-6765
"The Best Move You
Can Make"
------------------------
Connecticut Magazine 2012,2013
 | | Diamond Society Award 2010 - TNT Partners |
--------------------------
--------------------------
|
|
This month we continue to see signs of a further market recovery with continued moderate price growth while being faced with a cooling rate of sales from last years robust percentages. Regarding the cooling recovery most economist are in agreement that this years pace is the preferred rate of improvement and much more sustainable.
Forward looking there has been good activity meeting with new sellers discussing and preparing their homes for the spring market; along with introductions and discussions with would be buyers to embrace their wares. All positive signs that 2015 will be a continuation of our successful trend back to a more healthy market for all.
Sales pace has continued to slow in comparison to 2013, however prices are up within the towns I cover, except for Fairfield.
YTD Sales (SF) through October 2014 vs. 2013 were down in Westport (-16.8%), Weston (-7.6%), Wilton (-9.1%), Fairfield (-7.4%) and Norwalk (-4.2%). Average Sales Price vs. last year was up in Westport (+3.2%), Weston (+3.6%), Wilton (+1.7%), down in Fairfield (-3.8%), and up in Norwalk (+5.6%).
Check out my detailed Market Action Reports for additional data. If you would like a custom report for you neighborhood, price range let me know.
Interest rates are on the rise, fixed mortgage rates moving higher for the second consecutive week amid better than expected economic data. The 30-year fixed-rate mortgage rose above 4 percent for the first time in three weeks but is lower than this time last year, according to the Freddie Mac Market Survey Report.
This Sunday is Coldwell Banker's Open House Weekend Event, with over 40 single family homes and condos, ranging from $244,900 to $2,990,000, including my condo listing in Fairfield, something for everyone. Take a look here and if you see something of interest, let me know, and I can give you some additional insight and if you would like we can tour together.
Wishing a Happy Thanksgiving to you and your family!
Steven
|
|
|
|
My Featured Listings
| |
JUST SOLD - 44 Charcoal Hill Road, Westport, CT
"Gracious and inviting circa 1926 Frazier Peters home with recent renovations and expansion. A focal point of the property is the beautiful natural pool with stone waterfall." $1,849,000
Take a tour at www.44CharcoalHill.com
-------------------------------------------------------------------------------------------
3 Creeping Hemlock Drive, Norwalk, CT
"Custom built home, professionally landscaped grounds, legal rental apartment, with its own private entrance, convenient to commuting, shopping, services." $779,000
Take a Tour
--------------------------------------------------------------------------------
160 Fairfield Woods Road #38, Fairfield, CT
OPEN HOUSE: Sunday, Nov 9, 2014 1:00 pm - 3:00 pm
"Park like setting, tastefully renovated unit, well landscaped grounds, romantic fountain in the center of the piazza, walking paths, private swimming pool,
a peaceful pond, easy access to the local park." $244,900
Take a tour at www.160FairfieldWoodsRd38.com
|
|
|
Home and Real Estate Topics
| |
|
Understand Your Credit Scores
Lenders want to give you a mortgage, but they also want to minimize their own risk. The easiest way to retard risk is for them to use your credit scores to ....
Five Home Improvements To Avoid For Resale
It's only natural to make the home you bought more comfortable and functional for your household. But before you put in a hot tub or convert the garage into a bedroom, think about whether or not ......
Ways To Brighten Up Your Space When The
Sun Goes Down Early
Daylight savings time... that glorious day when early risers get an additional hour of sunlight as they greet the merry morning. That horrifying day when commuters find they are cloaked in darkness on their nightly drive home. However you feel about it, .......
|
|
| Monthly Market Action Reports |
|
|
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. Market Action Reports
|
|
| Search Every Property on the Market |
|
Search like an agent!
Find every active listing on the market today. Registration is optional. If you choose, you can set up your own account, save searches, stay updated via email on sales/price changes. You can also sign up for a Listingbook account. Start your search here
|
|
|
|
Coldwell Banker
Westport Riverside
472 Riverside Ave
Westport, Connecticut 06880 |
|
|
|
|
|
|
|
