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The Real Estate Chronicle
January 2016 Edition
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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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Connecticut Magazine 2012,2013, 2014 2015
 | | Diamond Society Award - TNT Partners |
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Happy New Year! As 2016 gets underway we have been met with unusually warm and uneventful weather giving way to higher buyer/seller activity than is anticipated at this time. If this is a sign of what to expect for all of 2016 we should be very busy this year. Among my peers the expectation is a year similar to 2015 in unit sales as well as modest to flat price appreciation.
The recent economic volatility in the national and international markets as well as the news of GE's relocation has prompted a wave of uncertainty this month but nothing that the resilience of our towns can not overcome. I will keep you informed as details become available and I see the effects on the local markets.
Freddie Mac's chief economist is predicting a 4.5% interest rate on the the 30 fix rate product for 2016 on an annualized basis. This along with moderate price appreciation in our area should keep the affordability inline with buyers expectations.
The year end numbers among my towns are mixed; Sales (SF) 2015 vs. 2014 were down in Westport (-1.3%), up in Weston (+1.3%), down in Wilton (-9.2%), up in Fairfield (+22.1%) and Norwalk (+8.7%), down in Easton (-9.7%), up in Redding (+41.4%). Average Sales Price 2015 vs. 2014 was up in Westport (+6.1%), Weston (+4.1%), down in Wilton (-4.1%), up in Fairfield (+1.7%), down in Norwalk (-3.0%), Easton (-4.0%) and Redding (-5.9%).
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.
Try to stay warm and think Spring!
Steven
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| Home and Real Estate Topics |  |
While it still may be chilly outside, the weather isn't the only thing that's about to warm up. The spring selling season is right around the corner, and we've got seven things you can do now to prepare for selling your home once spring arrives.
It's not hard to daydream about shiny new countertops and fancy new appliances and one of those spa baths with a dozen sprayers and a chic soaker tub, but when it comes to home renovations, the sleek and sexy often take a back seat to the basic and boring.
If you and your home are ready to be your best selves for the New Year, these easy DIY home updates are just what you need. Hometalk bloggers have easy and amazing home updates that can help you get your best home this year. Add a few quick improvement goals to your 2016 resolutions, and finally enjoy having the home you've always wanted.
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Coldwell Banker
Westport Riverside
472 Riverside Ave
Westport, Connecticut 06880
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