The Real Estate Chronicle 
November 2015 Edition
    

 
Steven Thomson
(203) 247-6765 

"The Best Move You
Can Make"

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2014

Top 6% of approximately 87,000 Coldwell Banker sales associates worldwide

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Five Star
Connecticut Magazine 2012,2013, 2014 2015 
Diamond Society Award 2010
Diamond Society Award - TNT Partners
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As we are at the midpoint of November and well into the Fall market - results are in and unfortunately they have not met the expectation for a strong Fall Market.  The activity has remained slower than the normal seasonality we have seen in the past, leaving sellers frustrated.  Agents/brokers have been disappointed with open house turn out and showing activity overall. 

However year-to-date sales do have some bright spots in the towns I cover. Sales through October 2015 vs. 2014, while down slightly in Westport (-0.3%), down in Weston (-3.0%) and Wilton (-10.4%), they were strong in Fairfield (+18.5%) and Norwalk (+7.2%).  

See my comprehensive market action reports for sales, pricing, time on market and trends over the past two years.  

It's no surprise that interest rates are likely to move to the upside as Fed expectations and national economic data continues to point in that direction. The positive side of that is it might motivate buyers who have been on the fence to move forward. My advice to buyers is to consult their lender early in the buying process as clarity will help their purchase experience. This past week though rates were largely unchanged according to Freddie Mac. 

Buyers continue to seek exceptional value both in price and in product. The days when emotions took over and "the house on the hill was perfect, let's buy it!".... are gone!  Transactions today are totally economically driven in most cases. 

So what does this mean for those thinking of selling this coming spring? Take on the projects that are going to make good impressions on the buyers. I've been working with my prospective sellers giving them guidance on what those projects should be.

Looking into 2016 I still see opportunity where best in class wins!

I am here to advise and inform you of the local market and answer any questions you may have. Don't hesitate to get in touch.
 
Have a Happy Thanksgiving!
 
Steven 
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My Featured Listing
 

"Georgian Colonial Estate"
 
80 Fleming Lane, Fairfield, CT.

Old-world craftsmanship and exquisite appointments compliment modern amenities in Greenfield Hill. Private terraces, courtyards and gardens surround
4 park-like acres. Superbly updated, this Georgian Colonial Estate features an octagonal living room with marble fireplace, elegant dining room,
two butler pantries and two-story family room.
$1,995,000

 Take a Tour 
 
  

     
 
Home and Real Estate Topics
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On the surface, buying a home seems simple: find your dream home and buy it. In reality, this seemingly-simple task requires buyers to make a continuous stream of under-pressure decisions, often concerning issues and consequences they do not fully understand.


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Remodeling has never been more popular - or valuable to the U.S. economy. Last year, Americans spent $130 billion on remodeling and renovation projects, according to U.S. Census numbers. That's a lot of people committing money to everything from quick fixes to full-blown redo's. And what's driving this trend? NAHB's Remodeling Market Index (RMI) survey found the leading reason was a "desire for better/newer amenities," said NAHB's Eye on Housing."

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. Market Action Reports


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