Fairfield and Westport CT Real Estate Guide

Local insights on buying, selling, and living in Fairfield County

Category Archives: Market Updates

Market reports, Beach Bulletin


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Grateful for Our Positive Work Culture at William Raveis Real Estate!

Pictured below are scenes from a fabulous elegant lunch hosted by Bill Raveis and his wife Candy at their Fairfield Connecticut home to celebrate 🎊 the careful selection of our new Southport office manager, Tammy Fenelstein (after Amy Arnheim retired), and getting back to “normal” after the pandemic!  The festivities began earlier in the day at the weekly morning sales meeting in our Southport office where Tammy was introduced to us. The meeting adjourned with a group photo outside the building.

At Willliam Raveis the company’s mission is to be laser-focused on supporting the agents as their customers. So everything they do is driven by the goal of ensuring our success in serving you. This means providing the best cutting-edge technology, a family of companies to support seamless transactions, key solutions to solving the challenges you face when moving to a new home, the best agent training, and the best local, national, and global marketing resources. So we work hard, play hard, and celebrate our happy clients as we go.

You are right to want to work with the agent who’s company has a supportive, joyful, family culture which we are so grateful to have at William Raveis Real Estate, because this positive force 🌅 supports everything we do, and I bring that great energy along with all our resources to work for you! ❤️

If you are thinking of selling in the next 12 months, now is the time to start planning. Call me at 203.912.4440 or reach out using the form below.

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SOLD and Accepted Offers in Fairfield Downtown and Westport Greens Farms, First Half of June 2021

Summer is heating up and June has started off with an up-tick in sales and new accepted offers in both downtown Fairfield and Greens Farms Westport during the first two weeks in June. The average days on market for the new listings with accepted offers has been just 17 to 20 days. Many of the homes have sold at or above the asking price.

Buyers have had to be creative and aggressive to win their prize. Most homes have been flying off the shelf, yet some… have not, despite this crazy market. You are right to arm yourself with an expert guide to help you put your strategy in place and ensure you reach your goal!

What has sold in these two hot spots? Where are the accepted offers during the first half of June? Check out the scoop below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There were 13 sales and eight more accepted offers in Fairfield’s downtown and beach areas during the first half of June from the 1st through the 15th. Sales were almost double the seven sales during the last two weeks of May, and accepted offers were up by two. The average days on the market for the new listings with accepted offers was just 17!

SOLD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

Two homes sold in the Greens Farms neighborhood during the first half of June compared to none during the previous two weeks.

SOLD:

There were four new accepted offers in Westport’s Greens Farms neighborhood during the first half of June after having none during the previous two weeks. The average market time for these listings was just 20 days!

NEWLY ACCEPTED OFFERS:

Call me if you are thinking of making a move, and we will have a 15 minute consultation to discuss your goals, the market, and whether I can help. —> 203.912.4440

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How’s the Housing Market, June 2021? Is it Still Strong in Westport and Fairfield CT?

How’s the single-family housing market in Fairfield and Westport Connecticut at the end of May as we head into June? Take a look at the info below to see the comparison to last May, 2020, and take note of the opportunities. If we follow last year’s trend, we will see a spike in sales beginning in the next couple of weeks and extending through September!

If you would like access to our William Raveis Local Housing Data tool and run your own graphs like the ones below, just send me a note in the form below for the link! Here are the specifics. 

In WESTPORT

  • Single-Family Homes Sales are UP 52% from 31 to 47 homes sold.
  • The Median Sale Price is UP 46% from $1,085,000 to $1,582,000.
  • Inventory is DOWN 29% from 306 to 217 homes for sale.
  • Months of Supply is DOWN 61% from 10 months to 4.
  • Market Time is DOWN 41% from 90 to 53 days.

In FAIRFIELD

  • Single-Family Homes Sales are UP 3% from 72 to 74 homes sold.
  • The Median Sale Price is UP 22% from $662,500 to $807,500.
  • Inventory is DOWN 39% from 421 to 257 homes for sale.
  • Months of Supply is DOWN 62% from 7 months to 2.6!
  • Market Time is DOWN 56% from 107 to 56 days.

The trends of extremely low inventory, increasing median sale price, and short market time continues through May, though we are seeing more homes come on the market. The strong buyer demand in the face of this limited choice is still causing frequent multiple offer situations and pushing sale prices upward in both towns.

Opportunities are here for both buyers and sellers, but the market can unquestionably benefit from more home owners listing their properties for sale! The summer is heating up, and me may see another spike in June through September like last year, depending on whether people are still wanting to escape the City. Interest rates remain low, and buyers are still out looking for their perfect homes. If you have been wondering, yes, now is the time to sell!

If you would like to discuss how to buy and sell your home in the current market, you can create your own home search to check out the market, visit my website, give me a call, 203.912.4440, or send me a note below. I’m here to help!

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SOLD and Accepted Offers in Fairfield Downtown and Westport Greens Farms, Last Half of May 2021

What has sold in these two hot spots? Where are the accepted offers during the second half of May?

More homes have been coming on the market and some are still getting frenzied offers. However, agents are seeing fallout after some bidding wars due to buyer regrets as well as some resistance to the high prices from buyers who are choosing to wait on the sidelines.

If you are going to sell now, I recommend you price your house to match recent sales and not over-shoot so that you attract the current buyers and don’t risk turning them away. Check out the scoop below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There have been seven sales and six more accepted offers in Fairfield’s downtown and beach areas during the last half of May from the 15th through the 31st.

SOLD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

SOLD:

There were no more sales or new accepted offers in Westport’s Greens Farms neighborhood during the second half of May. But there were seven new listings and, (Spoiler alert: two accepted offers on June 2, both under one million dollars.)!

NEWLY ACCEPTED OFFERS:

Please reach out to me if you are thinking of making a move, and let’s have a conversation! 203.912.4440

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SOLD and Accepted Offers in Fairfield Downtown and Westport Greens Farms, First Half of May 2021

What has sold in these two hot spots? Where are the accepted offers by mid-May? Check out the lists below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There have been five sales and 11 more accepted offers in Fairfield’s downtown and beach areas during the first half of the month, from May first through the 15th.

SOLD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

SOLD:

There were three more sales but no additional accepted offers in Westport’s Greens Farms neighborhood during the first half of May.

NEWLY ACCEPTED OFFERS:

Please reach out to me if you are thinking of making a move, and let’s have a conversation! 203.912.4440

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How’s the Housing Market, May 2021? Is Now a Good Time to Sell in Westport and Fairfield CT?

How’s the single-family housing market in Fairfield and Westport Connecticut as of the end of April? Take a look at the bullets and graphs below to see how things have changed dramatically this April compared to last April, 2020, and look at the opportunities.

If you would like access to our William Raveis Local Housing Data tool and run your own graphs like the ones below, just send me a note for the link! Here are the specifics. 

In WESTPORT

  • Single-Family Homes Sales are DOWN 8% from 39 to 36 homes sold.
  • The Median Sale Price is UP 27% from $1,100,000 to $1,401,500.
  • Inventory is DOWN 35% from 271 to 177 homes for sale.
  • Months of Supply is DOWN 62% from 8 months to 3.
  • Market Time is DOWN 37% from 137 to 86 days.

In FAIRFIELD

  • Single-Family Homes Sales are UP 70% from 56 to 70 homes sold.
  • The Median Sale Price is UP 10% from $645,250 to $712,500.
  • Inventory is DOWN 46% from 426 to 231 homes for sale.
  • Months of Supply is DOWN 66% from 7 months to 2!
  • Market Time is DOWN 39% from 107 to 65 days.

The trend of extremely low inventory, increasing median sale price, and short market time continues through April into May, though we are seeing more homes come on the market. The strong buyer demand in the face of this limited choice is still causing frequent multiple offer situations and has even slowed the rate of sales in Westport compared to April 2020.

Opportunities are here for both buyers and sellers, but the market can unquestionably benefit from more sellers entering the market! Vaccines are here, spring is here, interest rates remain low, and buyers are circling. If you have been wondering, yes, now is the time to sell!

If you would like to discuss how to buy and sell your home in the current market, you can create your own home search to check out the market, visit my website, give me a call, 203.912.4440, or send me a note below. I’m here to help!

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SOLD and New Accepted Offers in Fairfield Downtown and Westport Greens Farms April 11-30, 2021

What has sold in these two hot spots? Where are the accepted offers at the end of April? Check out the lists below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There have been three sales and 9 more accepted offers in Fairfield’s downtown and beach areas during the last two and a half weeks of April.

SOLD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

SOLD:

There were three sales and three more accepted offers in Westport’s Greens Farms neighborhood during the second half of April.

NEWLY ACCEPTED OFFERS:

Reach out to me if you are thinking of making a move, and let’s have a conversation! 203.912.4440

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How’s the Housing Market, April 2021? Is Now a Good Time to Sell in Westport and Fairfield CT?

How’s the single-family housing market in Fairfield and Westport Connecticut as of the end of March?Take a look at the bullets and graphs below to see how things have changed dramatically this March compared to last March, 2020, and look at the opportunities.

If you would like access to our William Raveis Local Housing Data tool and run your own graphs like the ones below, just send me a note for the link! Here are the specifics. 

In WESTPORT

Single-Family Homes Sales are UP 29% from 31 to 40 homes sold.
The Median Sale Price is UP 29% from $1,375,000 to $1,774,500.
Inventory is DOWN 47% from 289 to 153 homes for sale.
Months of Supply is DOWN 70% from 9 months to less than 3!
Market Time is DOWN 49% from 132 to 67 days.

In FAIRFIELD

Single-Family Homes Sales are UP 69% from 54 to 91 homes sold.
The Median Sale Price is UP 20% from $587,450 to $703,000.
Inventory is DOWN 55% from 479 to 217 homes for sale.
Months of Supply is DOWN 71% from 8 months to 2!
Market Time is DOWN 19% from 96 to 78 days.

The trend of extremely low inventory, increasing median sale price, and short market time continues through March into April, though we are seeing more homes come on the market. The strong buyer demand in the face of this limited choice is still causing frequent multiple offer situations.

Opportunities exist for both buyers and sellers, but the market can unquestionably benefit from more sellers entering the market! Vaccines are here, spring is here, interest rates remain low, and buyers are waiting. If you have been wondering, yes, now is the time to sell.

If you would like to discuss how to buy and sell your home in the current market, you can create your own home search to check out the market, visit my website, give me a call, 203.912.4440, or send me a note below. I’m here to help!

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Thank you for your response. ✨

 


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SOLD and New Accepted Offers in Fairfield Downtown and Westport Greens Farms April 1-10, 2021

What has sold in these two hot spots? Which listings have accepted offers as of the first two weeks in April? Check out the lists below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There have been five more sales and 10 more accepted offers in Fairfield’s downtown and beach areas during the first two weeks of April.

SOLD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

SOLD:

There has been just one (yes, just one) more sale and three more accepted offers in Westport’s Greens Farms neighborhood during the first two weeks of April.

NEWLY ACCEPTED OFFERS:

Reach out to me if you are thinking of making a move, and let’s have a conversation! 203.912.4440

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SOLD and New Accepted Offers: Fairfield Downtown and Westport Greens Farms YTD through 3/29/21

What has sold in these hot spots? What listings have already accepted offers as of the last week in March? The lists are below.

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

SOLD YTD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

SOLD YTD

Reach out to me if you are thinking of making a move, and let’s have a conversation! 203.912.4440

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