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The Real Estate Chronicle
February 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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Greetings!
Looking for direction....... As the spring market begins we are still awaiting more confirming trends as to market direction. We have continued to have decent weather allowing for activity and accessibility to properties.
Agents and buyers are all looking forward to the new spring inventory coming on the market which will give us a better idea on market trend in the next 30 days.
We are seeing old properties being re-listed with price reductions for the coming season to meet the expectations of that very value oriented buyer.
Consumers in the Northeast region, according to the monthly survey of consumer expectations by the Fed Reserve Bank of New York, have the most faith in the housing market expecting a moderate 2.59% increase in future prices.
The mortgage rates have continued to be very accommodative revisiting the 2015 lows this month.
January activity was mixed but easily skewed being only a one month comparison.
Sales (SF) January 2016 vs. 2015 were up in Westport (+11.1%), down in Weston (-66.7%), Wilton (-37.5%), and Fairfield (-27.7%), up in Norwalk (+7.9%).
Average Sales Price January 2016 vs. 2015 was down in Westport (-37.2%), Weston (-33.2%), up in Wilton (+32.1%), down in Fairfield (-18.4%) and Norwalk (-0.4%).
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.
Less than a month to Spring!
Steven
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| Home and Real Estate Topics |  |
Exceptional curb appeal will add to the enjoyment and value of your property and home. Maintaining your curb appeal throughout each season may pose its challenges, but with these tips, you can ensure that your home and landscaping will look their very best throughout the year.
You want your home to look updated and stylish, but you don't want to have to get rid of everything every year - or every season - when trends change.
Your front yard is the red carpet inviting buyers into the beauty that is your home. If it's rugged, messy and unkempt, buyers will take one look and then keep on driving to the next property on their list. Don't let that happen by making your front yard luscious and as amazing as the inside of your home.
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Coldwell Banker
Westport Riverside
472 Riverside Ave
Westport, Connecticut 06880
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