Happy April Housaveraries everyone!!
Celebrating my clients who have bought and sold during the month of April. It has been a pleasure helping you make your moves. Cheers!

by Luxury Coastal CT Real Estate Specialist Linda Raymond at William Raveis Southport Leave a comment
Happy April Housaveraries everyone!!
Celebrating my clients who have bought and sold during the month of April. It has been a pleasure helping you make your moves. Cheers!

by Luxury Coastal CT Real Estate Specialist Linda Raymond at William Raveis Southport Leave a comment

Hello Spring 🌸! Where are prices going?
I know many of you are thinking of making a move but may be hesitating due to uncertainty. Of course, no one has a crystal ball for the future, but the charts below and the What Sold Reports show what happened with single-family homes March 2023 in Fairfield and Westport Connecticut.
One thing we know is that the low inventory environment will not be changing anytime soon. Also of note in the following Fairfield and Westport graphs is that the months of supply peaked in June last year. So, if this year follows suit, June will be the time of highest competition for sellers and the most choice for buyers. Feel free to reach out to me for values in additional towns.
FAIRFIELD PRICES & INVENTORY
The median (midpoint) sale price was down 3.1% in March compared to March 2022 (first graph), however it has been increasing since January. This is likely the result of more smaller homes selling. The average price per square foot actually increased 12.9% (second graph)! Smaller homes tend to sell for more per square foot, and prices may be heading upward as well. Lastly, the inventory has remained incredibly low with only 1.8 months of supply (third graph). This low level is the same as last year at this time. A balanced market has 5-6 months of supply!



Fairfield Months of Supply 2.5 UP from 2.1 in March 2022
WESTPORT PRICES & INVENTORY
The median sale price was also down in Westport, by 18.5% from last March (first graph). But the sale price per square foot was up 4.9% suggesting price increases (second graph). The months of supply did improve by 3.8% since last month but still remains low at 2.7 months (third graph).



Tight Inventory and Strong Buyer Demand Continued
We saw some opportunity for buyers to have a little more time, choice, and negotiating ability depending on the demand for the particular property. However, this leverage was only on a a case by case basis.
Due to the tight inventory, many homes still sold very quickly and with multiple offers.
So when you are buying, you want to be prepared with a mortgage pre-approval or proof of funds so you can make an offer quickly when you see a home you want!
Reach out to me anytime with your questions about the market and to talk about your plans. Not sure about your move yet? Please refer your friends to me using the form below.


by Luxury Coastal CT Real Estate Specialist Linda Raymond at William Raveis Southport Leave a comment

What keeps you up at night? 🛌 🥱 🏡
If it’s the house that you’re in, what about getting a new one? I know the current market presents its challenges, but doesn’t every market? 🧐 Yet, people make their moves during all times of year and in all markets.
In fact YTD as of today, April 16, 2023, a total of 215 home buyers and sellers made successful moves ➡️ in Fairfield and Westport. There are 167 additional happy people celebrating accepted offers. And there are 181 active and Coming Soon listings on the market ready for their next occupants. 🥳
Bridging the gap is not always easy, but it absolutely can be done. If you think a local move is hard, consider my client who was able to sell her home in California and buy her new home here in Southport. The timing is right on target for an end-of-April closing! You’ve heard the saying, ‘when there’s a will there’s a way’, right?
If your home is keeping you up at night, why not give me a call to see if we can move you and your bed to a better place! 📲203-912-4440.
#whatkeepsyouupatnight
#newhome
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#Yourcastlemymission
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#williamraveisrealestate

by Luxury Coastal CT Real Estate Specialist Linda Raymond at William Raveis Southport Leave a comment

Something OLD and something NEW were added to the Fairfield Connecticut market this week providing more of a range of options to buyers. I saw the Victorian home 🏡 on tour, and previewed the new construction near the beach 🌊 to share via WhatsApp with my client in LA.
Reach out if you would like to learn more about the local real estate markets and may be thinking about a move.

I took a continuing ed course taught by Birgit Anich of BA Staging and Interiors last week. I have taken staging classes before, but I didn’t realize that such a strong positive psychological impact can be achieved when applying staging strategy and design techniques.
The goal of staging is to merchandise a property to position it most competitively for sale by eliciting strong positive emotion from those who enter the space.
When you walk into a home, you may feel nothing. You might even feel an aversion. Or your heart may skip a beat, and you experience a “chemistry”, a feeling of excitement, or joy.
We all make decisions based on emotion. We then back up our emotions with fact. Therefore, as a homeowner, when you prepare your house for sale, ensuring your buyers experience a “wow” as soon as they arrive and walk in should be part of your investment in achieving your top dollar sale.

When you put your house on the market, you want buyers to feel the love when they walk in.
Here are four guiding concepts:
What are some of the strategies?
Texture, color, placement, materials, metals, mirrors, vignettes, and ‘signs of life’ are just a few elements Birgit employs for her strategy. Here are some tricks of the trade!
I bet you can’t wait to try a few of these ideas in your own home! Here are some pictures to get the juices flowing. But if you are thinking about making a move and feel overwhelmed by everything you have do, don’t worry, there is ample help to guide the process and get you there. In fact, when it comes to repairs and staging, I even have a program that will take care of everything for you at no out of pocket cost until you close!

by Luxury Coastal CT Real Estate Specialist Linda Raymond at William Raveis Southport Leave a comment

Happy Spring! 🌱
Has Spring Fever hit you yet? 🌸
🤩At what price would you sell your house? DM me with the number, and I’ll tell you if we can get it done!
🤩Have you secured your summer vacation rental yet?
🤩Would a beach and town rental be the perfect way to connect your sale and your purchase?
Let’s have a conversation about the plan that would be ideal for you. 203-912-4440

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#SpringMarket
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#NameYourPrice
#MakeMeMove
#SummerRental
#FlexibleTermRental
#ShortTermRental
#MyHomeIsMyCastle
#YourCastleMyMission
#LindaRaymondRealEstate
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#WilliamRaveis
by Luxury Coastal CT Real Estate Specialist Linda Raymond at William Raveis Southport Leave a comment

Are we going to face another “2008” after the the failure of Silicon Vally Bank (SVB)?
There are a number of key differences regarding the housing market, consumers, and the banking situation right now compared to that of 2008. Here are six.

Now, the market, consumer credit scores, and homeowner equity are all much healthier than they were in 2008. Below is an additional summary of key variables from the National Association of Realtors.


What we do know is that home values appreciate in the longterm and have historically outpaced inflation.


What makes SVB different from the first bank that launched the domino downfall in 2008?
The Silicon Valley Bank is a fraction of the size of the other banks. For example, an article by Troy Palmquist published by Innman says that at the end of 2022, SVB had assets worth about $211 billion, whereas Bank of America had more than $3 trillion at that time. So the scope does not compare. Also, SVB and Signature Bank served a narrow niche within the banking sector compared to the majority of banks that are protected by being significantly more diversified. Most importantly, the most recent stress test implemented by the Federal Reserve demonstrated that major banks could survive both a deep recession and significant unemployment, neither of which are anticipated to be the case.
Should I commit to my plans and embrace the spring market?
Buying and selling your home is an emotional decision. But you now have some strong facts to support your move forward and an improved quality of life, especially if it’s a decision that’s taking you where you want to go! If you want to move forward with your plans, the graphs above show some longterm trends that can support your decision. Below are some resources to help put your plan into action.
How can I bridge the gap between buying and selling when “cash is king” and many markets are still very competitive for buyers?
In competitive markets such as Fairfield, Westport, Southport, and Rowayton, and Darien Connecticut as well as coveted vacation spots like Kennebunkport, Maine, there are still fast-paced sales and multiple-offer situations. Homes are still selling at or above the asking price, and many accepted offers are cash bids with no mortgage contingency.
William Raveis Real Estate offers solutions to get you where you want to go!
Raveis Purchase will enable you to unlock the equity in your current home and make a non-contingent offer on your new one.
Raveis CashBid will buy the home you want to sell and the home you want to buy so that you can accomplish an all-cash transaction and finance later.
So if you want to make a move and overcome some logistical challenges to doing so, reach out and let’s get the conversation started.


(Click image for quick video clip!)
⛷️As we speak, two of my local clients are shopping for their perfect ski-on/ski-off condo in Vermont through our Raveis regional offices.

🛣️ My cousin and her husband in Massachusetts asked me to help them find an agent in Ohio to sell their mother-in-law’s home. Through our excellent relocation department and sophisticated global referral network, Leading Real Estate Companies of the World, I had two agents for them to interview by the end of the day. They are happily working with one of them right now.
🧐 I’m currently helping clients work through all their options for downsizing from their large home to a simpler lifestyle with lots of convenient activities and amenities. If they choose to go farther away, I have my network at my fingertips for them.

I joined William Raveis Real Estate, Mortgage and Insurance over 20 years ago because they are a privately held, family-owned company whose mission is to support its agents in ensuring maximum client satisfaction. This translates to an award-winning company that is an industry innovator with top marketshare in most of our service areas. With our global network, and Elite Concierge Services, we provide sellers with unprecedented local and global exposure and all our clients the tools and guidance they deserve through the entire moving process. So it makes sense that my clients are happy with my service, that they return to me when needed, and they refer me to their family and friends.
Whatever real estate aspirations you may have, I can help you and your local friends directly, or ensure you are in the best hands, wherever your plans may take you. I promise to oversee the process to ensure satisfaction! Take advantage of the deep resources I have for you, because referrals are a win-win.
📲 If a friend is looking for an excellent agent anywhere in Connecticut, nationwide, or overseas, you can ask them to call me. I will talk to them about their needs and connect them with a local expert from our regional William Raveis footprint or our world class global network, Leading Real Estate Companies of the World. This elite network includes only the top brokerages in each market place. I always oversee the relationship to ensure you or your friend is happy with their agent.
📧 You can share their contact information with me in the form below and offer them an initial quick home value estimate in the meantime.
🤓 You can always find out what my clients have to say, (scroll down after clicking).
Discover and share the confidence of having a referred and trusted agent. Your trust and loyalty drive my business. Let’s work together for a win-win with referrals! 💫 🏡

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by Luxury Coastal CT Real Estate Specialist Linda Raymond at William Raveis Southport Leave a comment










The vistas and dining experience at this Westport eatery do not disappoint. From the festive elegant interior to the stunning sunset and water views, if you had a glass of water and went home, you would still leave enriched.
That being said, our party had the mussels, chopped salad and a pasta dish, all of which were fabulous.
The service was also very attentive, and the staff even volunteered to take our picture!
La Plage Restaurant and Oyster Bar is located in Longshore Park at 260 South Compo Road in Westport Connecticut
by Luxury Coastal CT Real Estate Specialist Linda Raymond at William Raveis Southport Leave a comment
We had a great dinner and fun night at the new Gabagool Wine Bar in downtown Fairfield!
I had the salmon piccata and Mark had chicken parmesan, both of which were very good. We had the blueberry lemon cheesecake for dessert which was also delicious.
You will love the new bar and a fun Sopranos theme. The new chairs are also cushy and comfy. The owner, Antonio is the best, so come by with your appetite and leave with your mug shot!
We went back for Super Bowl Sunday and had the antipasto and spicy pizza. Both were delish! Thank you, Antonio!!!
The restaurant is located at 70 Reef Road, Fairfield Connecticut 06824