The Real Estate Chronicle 
December 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 2015 comes to an end we take a look back on a year where current market conditions continue to forge forward in a positive trend. The national sales are still 3.9% above a year ago, which demonstrates that the overall health of the market continues to improve.   The factors for a healthy continuation of this trend are in place; high rents making the owning vs. renting argument more in favor of owning, low mortgage rates, and a better job environment.
 
In our local market area we are experiencing a more balanced playing field between both the buyers and sellers giving way to a less confrontational negotiation. The data is mixed within my towns both on unit sales and price growth. We are still seeing pockets where inventory is building and several of the towns have an overhang of luxury properties.

See my comprehensive market action reports for sales, pricing, time on market and trends over the past two years.  
 
The trend for the in-town core locations is as strong as ever. Where larger properties outside of town are taking on longer market times and deeper discounts. Properties that present best in class are trading; buyers continue to not want to do the work. Turn-key move-in is how they like it. Hence the still very strong trend towards new construction.
 
As far as mortgage rates are concerned my local interaction with the current buyer pool is that they have built this into their purchase plans and a gradual increase will not have an adverse effect. The one pocket of concern will continue to be the first time buyer, millennials who are a bit more price sensitive. As we see continued price increase along with mortgage rate increase could present an affordability issue.
 
A nice benefit to the year end is the warmer weather we have been experiencing giving way to opportunity to view properties unscathed from the usual winter wonderland keeping showing activity higher than usual.
 
Please enjoy a very happy and safe holiday season and I look forward to sharing the year-end results in my January issue.    
Steven 
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Home and Real Estate Topics
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Holiday time is filled with joy and love and laughter. And hopefully good cheer and lots of presents. But if you're the one who hosts the festivities, it may also be filled with stress and pressure and endless trips to the market for things you forgot and a house-wide search for that one blanket that seems to have disappeared into the abyss. If you're looking for ways to be a great host without losing your mind, read on for a few tips.


Not sure which update to tackle first when preparing to list your home for sale? When we walk into a client's home, almost always the first suggestion we make is a fresh coat of paint in the most important living areas.


With the holidays upon us and fall rapidly fading, homeowners everywhere are bracing for the cold months ahead. Winter can be a challenging time for all of us, and shorter days and freezing temperatures certainly don't make our daily lives any easier.

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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