The Real Estate Chronicle 
March 2016 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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Wow, spring is heating up both in our local temperature and activity in real estate! The last couple of weeks we have seen a build up in inventory and the properties are looking quite well overall.
 
 Staging and preparation for new listings is paying off for sellers. This process is becoming more common place, as sellers realize how value oriented the buyer pool has become. Sellers are better off taking time to prepare before going to market rather than quickly listing the house before repairs and updates are completed. You only have one chance to make a good first impression.
 
The next couple of weeks will be telling as we start to see buyers making decisions and some of this inventory being absorbed. At this stage agents are questioning how strong the buyer pool is this year. Stay tuned.....
 
Unfortunately the numbers are down in both price and sales, with the exception of Westport sales which has had a strong showing; take this is in stride as we are just getting started this season and most economists are looking forward to moderate price appreciation and strong unit sales.  
 
Sales (SF) YTD February 2016 vs. 2015 were up in Westport (+25.7%), down in Weston (-23.1%), Wilton (-47.4%), and Fairfield (-9.7%), Norwalk (equal), Easton (+70%) and Redding (-13.3%).    
 
Average Sales Price February 2016 vs. 2015 was down in Westport (-12.2%), Weston (-16.4%), up in Wilton (+1.9%), down in Fairfield (-14.4%), down in Norwalk (-5.2%), up in Easton (+5.7%) and down in Redding (+16.8%).  
 
See my comprehensive market action reports for sales, pricing, time on market and trends over the past two years .  
 
Freddie Mac's Primary Mortgage Market Survey reported that mortgage rates are looking favorable for the spring home buying season. While rates moved higher for the second week in a row, they remain very attractive. The FRM is the same as a year ago at this time. 
 
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. 
 
Steven 

My Featured Listing
 

Georgian Colonial Estate with Old-World Craftsmanship
 
80 Fleming Lane, Fairfield, Connecticut
 
Old-world craftsmanship and exquisite appointments compliment modern amenities in Greenfield Hill. Private terraces, courtyards and gardens surround 4.25 park-like acres.
 
Superbly updated, this Georgian Colonial Estate features an octagonal living room with marble fireplace, elegant dining room, two butler's pantries and two-story family room.
 
Envision a kitchen with limestone counters, premium appliances, custom fireplace and dining area overlooking a gunite pool. The renovated master wing includes a dressing room, sitting room with fireplace and luxurious marble bath. Recreation rooms, custom desks and closets, mudroom, wine reserve plus a four-bay garage.
 
Truly a "Great Expectation" that delivers. $1,899,000

Take a Tour


 
      
 
Home and Real Estate Topics
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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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