Who would think that Penfield Beach was the place to be at around noon on Christmas Eve 2020?
The temperature was mild but the winds were high, so the walkers, dogs, and sea gulls were there along with about a dozen kite boarders in wet suites. The scene was festive and vibrant as always, and a great way to kick off the holiday week!
What a fabulous town to call home! If you are thinking of making a move, you can set up your own search here to browse homes in any areas that intrigue you. If you are thinking of moving cross-country or overseas, I can refer you to the perfect agent through my elite brokerage network and oversee your satisfaction with them. Give me a call at 203.912.4440, visit my website, or send a note in the form below, and let me lead the way!
Fairfield residents always love a new eatery when one comes to town, and the new “Reef ShackFFLD” has just opened on Reef Road!
The set-up resembles a hybrid of The Pantry, Starbucks, and the beach concession stand with a a separate barista counter and a beach-glam flair. The menu is large and fabulous with eats for breakfast, lunch, and dinner. The space can completely open via glass garage doors to a cute patio with a beach shack vibe.
Charming patio for all kinds of weather!
For some more background, here’s the story from the CTPost. Check out their website at https://www.reefshackffld.com to browse the menu. It’s a good idea to call in your order until they have set up their online ordering service. Be sure to stop by!
If you have any questions about this post or the housing market in the neighborhood or surrounding areas, reach out using the form below, visit my website or call me direct at 203.912.4440.
Quick Request: If you received a postcard of the picture below and/or saw it on Facebook, please let me know in the comment form at the end of this post! Thanks!
Market Activity on
Fairfield Beach Road, Pine Creek Avenue, & Old Dam Road
What’s On the Market?
Fairfield Beach Road
10 single-family homes are for sale.
Three are new construction listings priced from $1,495,000 for a creekside property to $2,995,000.
Four properties have a dock on the Pine Creek waterway.
Three of the properties have a dock on the creek.
The highest-priced home listed for $4,9999,000 sits on the beach and has a large guest house.
The lowest-priced home has a non-buildable lot on the beachfront with a cottage on the creek across the street from it.
There is one active listing on Pine Creek Ave but no active listings on Old Dam Road.
What Has Sold Since Mid-October?
Eight single-family homes sold at the beach from October 15 through December 8 including two on Pine Creek Avenue.
One condo sold on Fairfield Beach Rd across from the beach for $728,000.
Single-family sale prices ranged from $985,000 to $4,150,000.
What About Accepted Offers?
There are currently two accepted offers on Fairfield Beach Rd between $2,000,000 and $3,000,000.
There is one accepted offer on Pine Creek Avenue for a home priced at $1,650,000.
In stark contrast, last year in 2019 during the same timeframe from October 15 through December 8, there was only one beach sale, 296 Pine Creek Avenue for $2,900,000!
So the word on the street is that the holidays are right around the corner, and there is a lot of merry and bright activity at the beach!
Market Activity on
Fairfield Beach Road, Pine Creek Avenue, & Old Dam Road
What’s On the Market?
Fairfield Beach Road
12 single-family homes are for sale.
Five are new construction listings priced from $1,495,000 to $2,995,000. Two have not been built yet.
Of note is that there are three new construction listings priced at $2,995,000. One is on more than a third of an acre and sits across from Penfield Beach and the other two are on small lots on the beachfront near the very end of the peninsula.
Four properties have a dock on the Pine Creek waterway.
Two of the properties have a guest house.
There are no active listings available on Pine Creek Ave or Old Dam Road.
What Sold, Mid-August to Mid-October?
Five single-family homes sold at the beach from August 15 through October 15.
Two condos sold, one on Fairfield Beach Rd across from the beach for $715,000 and a penthouse on Pine Creek Avenue for $1,125,000.
Single-family sale prices ranged from $1,560,000 to $5 million.
What About Accepted Offers?
There are currently six accepted offers on Fairfield Beach Rd with prices ranging from $728,000 for a non-beachfront condo to $4,495,000.
There is one accepted offer on Pine Creek Avenue for a home priced at $995,000.
Interestingly, compared to last year, the same sales activity occurred during this timeframe. Five homes sold and two condos sold, one condo on Fairfield Road, and one on Pine Creek Avenue. However, the sale prices for the single-family beach houses were quite a bit lower, ranging from $700,000 to $1,750,000 last year, mid-August to mid-October.
So the word on the street is that air may be getting cooler, but the waterfront market remains quite warm! Who is ready to take a dip? 🙂
If you have any questions about this market and what it can mean for you, please reach out to me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below. I’m here to help!
Relax and enjoy some calm shoreline beauty to soothe your soul.
Since now is a time of stress for many, I wanted to share my three favorite videos of beach properties that are serene and beautiful to watch. So click on an image to start the video, sit back, and let them take you away. Enjoy!
Twilight tour on the creek…
Glide through this stunning antique home on the creek side of Fairfield Beach Road as dusk approaches.
Soar over the Long Island Sound…
Soak in the beauty of this beachfront and creekside home with jetty views.
A peek at the peninsula…
Soar over and through this delightful home on the peninsula of Fairfield Beach Road.
Feel free to reach out to me with any questions or comments using the form below, and I will respond quickly.
Market Activity on
Fairfield Beach Road –Pine Creek Avenue – Old Dam Road
What’s On the Market?
Fairfield Beach Road
12 single-family homes are for sale.
Four are new construction listings priced from $1,500,000 to $3,200,000. Three are complete and sit across the street from the water. Two are under construction, one on the creek, and one on the beach with a creekside parcel and a dock.
Seven of the listings are on direct beachfront and priced from $1,700,000 to $5 million. Two of these have additional creekside property, and one also has a dock on the creek.
There are three creek-front listings priced from $2 million for a home with a dock to $2,570,000 for a new home under construction.
Pine Creek Ave
There is one waterfront property for sale for $2,495,000.
Old Dam Road
There is one property for sale on about a third of an acre that is not on the waterfront for $875,000.
What Sold, Mid-June to Mid-August?
Four single-family homes sold since mid-June including three on Fairfield Beach Road, and one on Old Dam Road. Two were on the beachfront and two on the waterway.
One condo across the street from the water sold on Fairfield Beach Road for $715,000.
Single-family sale prices ranged from $700,000 for a home not on the water on Old Dam Road to $3 million for beachfront renovation/new construction on Fairfield Beach Road.
What About Accepted Offers?
There are currently two homes under contract, a three-years-young beachfront home on Fairfield Beach Road listed for $2,795,000 and a beachfront condo on Pine Creek Avenue on the market for $1,135,000.
Three homes on the beach have accepted offers with list prices ranging from $1,695,000 to $2,395,000.
There have been nine sales so far this year through August 15 compared to 14 last year during this timeframe, however the five accepted offers should catch us up. One improvement we have seen this year is the beach homes selling closer to the asking price. On average the nine sales this year closed at 96 percent of the asking price compared to 94% last year.
Still, this year’s beach market has been a bit slow compared to other blazing markets driven by the pandemic. For example, in the entire Fairfield Beach Area (including homes closer to town), there were 95 sales year to date that sold for an average of 97 percent of asking compared to 78 sales YTD in 2019 selling on average for 96 percent of asking.
So the word on the street is that we may be in the dog days of summer at the beachfront, but the market overall is still hot!
If you have any questions about this market and what it can mean for you, please reach out to me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below. I’m here to help!
Market Activity on
Fairfield Beach Road –Pine Creek Avenue – Old Dam Road
What’s On the Market?
Fairfield Beach Road
13 single-family homes are for sale.
Four are new construction listings priced from $1,500,000 to $3,200,000. Two are complete and sit across the street from the water. Two are under construction, one on the creek, and one on the beach with a creekside parcel and a dock.
Eight of the listings are on direct beachfront and priced from $1,350,000 to $3,775,000. Five of these have additional creekside property, and two also have a dock on the creek.
Two listings are on the creek priced at $2,195,000 for a home with a dock, and $2,269,000 for a new home under construction.
Pine Creek Ave
There is one property for sale, a penthouse condo at Kensie Point, 10 Pine Creek Avenue, 501S for $1,135,000.
Old Dam Road
There is one property for sale on a 0.72-acre creekside parcel with a dock listed for $1,980,000.
What Sold So Far in 2020?
Four single-family homes sold in April and May including one on Fairfield Beach Road, one on Pine Creek Avenue, and two on Old Dam Road.
Sale prices ranged from $580,000 for a home off the water at 57 Pine Creek Avenue to $1,375,000 for a home at 2087 Fairfield Beach Road.
What About Accepted Offers?
There are currently two homes under contract, (my listing), a creekside home with a dock at 1690 Fairfield Beach Road listed for $1,095,000 and a newly raised home that is currently under construction on the beach at 1092 Fairfield Beach Road listed for $3,000,000.
Two non-waterfront properties have accepted offers. One condo on Fairfield Beach Road and one house on Old Dam Road, listed for $729,000 and $700,000 respectively.
Sales activity on the waterfront this year has some catching up to do to match 2019 activity. Last year there were seven sales in February through May with sale prices ranging from $980,000 on Old Dam Road to $2,455,000 for (my listing), a large home on the beach with a creekside garage and finished space above it. The late start of this year’s beach market is not surprising given the onset of the pandemic. However, the real estate market overall has seen an influx of activity from low interest rates and swarms of people leaving New York City, so the word on the street is that ‘summer is the new spring‘, and many anticipate a busy beach market ahead!
If you would like to discuss the value of your property in this market and how I would market it for you, please contact me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below.
It’s a very dynamic time right now in real estate and a great time for anyone interested to jump into the action. Here are five things you should know.
Inventory Is Low!– There are fewer homes for sale resulting in a limited choice for buyers right now which creates competition for the homes on the market and can push up the selling price. Look at the difference in the number of homes for sale in Fairfield and Westport in May compared to May of 2019! The marketplace is in need of more homes for sale. This creates a huge opportunity for sellers!
Interest Rates are at an All Time Low! – Although there has been daily fluctuation in interest rates, they have remained extremely attractive. In fact, this week the rate for a conforming loan up to $510,400 has dipped to 2.85% for purchasers with high credit scores and a twenty percent downpayment. So there’s an excellent opportunity for buyers to finance a purchase at an amazingly low rate. This is great news for sellers as well because these low rates make their homes more affordable! Click the image from your phone and download the mortgage app!
Summer is the New Spring!The real estate marketplace is very busy right now for a few key reasons. Realtors and everyone else in the industry have adapted to working in safe mode, there is pent up demand from the initial pandemic slowdown, and it’s a great time to buy and sell! If you are thinking of buying a home and want to take advantage of the low interest rates and increased home affordability, reach out to me so I can help you get that perfect new home. Sellers, take note of the sample prep list above and the new Raveis Refresh program that’s here to help you with it. Reach out to me, and I will help you to make the process seamless!
Raveis Refresh Is Here for You!
Quick Video explaining Raveis Refresh
If you have thought about selling but feel overwhelmed by what needs to happen to get your house ready, fear not! Raveis Refresh is a new service that is here to provide you with nearly anything you need, from help packing, to staging, painting, kitchen or bathroom renovations, and repairs, small to large. The cost is completely deferred until closing, so no worries about that either.
Real Estate is Expected to Drive Economic Recovery! Did you know that a recent study by the National association of Realtors indicates that the sale of just one home in the US results in an economic boost of $88,416? Because of this, many experts are predicting real estate to lead to the country’s economic recovery.
So there are exciting opportunities for everyone right now, and you can even boost the economy when you make a move to help yourself. Reach out to me anytime so I can help you with your next steps.
Market activity on
Fairfield Beach Road –Pine Creek Avenue – Old Dam Road
What’s On the Market?
On the Market: 1690 Fairfield Beach Road
Fairfield Beach Road
10 single-family homes are for sale.
Three are new construction listings priced from $1,900,000 to $3,200,000. One is nearing completion and sits across the street from the water.Two are proposed new construction on direct beachfront.
There are two listings on the creek with a floating dock, 1690 and 1522 Fairfield Beach Road, priced at $1,150,000, and $2,350,000 respectively.
Seven of the 10 listings are on direct beachfront and priced from $1,699,000 and $3,775,000.
Pine Creek Ave
There is one property for sale at 57 Pine Creek Avenue for $599,000.
Old Dam Road
There are three properties for sale on the creek with a dock with prices ranging from $649,000 to $1,099,000.
Source: SmartMLS Updated 2/12/2020
What Sold in 2019?
20 single-family homes sold including 15 on Fairfield Beach Road, four on Pine Creek Avenue, and one on Old Dam Road.
The highest sale price was $2,900,000 on Pine Creek and the lowest was $549,000 for an antique cottage on Fairfield Beach Road.
Two condominiums sold, one in the Burr Court complex on Fairfield Beach Road, and one at Kensie Point on Pine Creek Avenue.
There is currently one home under contract on Fairfield Beach Road listed for $3,000,000.
The 2019 waterfront market enjoyed a higher median sale price of $1,527,500 compared to $1,460,000 in 2018. Twenty single-family homes sold in both 2019 and 2018, and there was one condominium sale in 2018 and two in 2019.As we begin 2020 with low interest rates, a nice selection of active beach listings, and one home already under contract, I’m optimistic for a great year ahead.If you would like to discuss the value of your property in this market and how I would market it for you, please contact me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below.
Most Fairfield locals have heard of the Lake Hills Association, but many don’t know much about it, as it remains one of those best-kept neighborhood secrets! -Until now. 🙂
Beach 2 on Samp Mortar Drive
If you are moving into the area and are looking for some special neighborhood amenities, ask your agent to alert you to homes for sale with deeded membership to this association. If you may want to sell in the future, track your home’s estimated market value in our ever-changing environment.
The Association encompasses five private beaches for members along the Samp Mortar Reservoir, each labeled with a sign.
Beach 1 – Tahmore Dr. Beach 2 – Samp Mortar Dr. Beach 3 – Mountain Laurel Rd. Beach 4 – Winnepoge Dr. Beach 6 – Sasapequan Rd. (not sure why this isn’t labeled “5” on the association’s website!)
In addition to fun member activities like live music and movies, five levels of swimming lessons are offered, starting with the beginner level. Swimming lessons are available for a separate fee for both members and non-members. Class sizes are limited to 10 participants and swim lesson sign-up day is June 9 at Beach 4 from 10 am to noon, so hurry up! Visit the association website at LakeHillsFairfield.com for a map of the beach locations and more info.
Eligibility to join the Association is part of the homeownership deed of nearby homes within the designated area in the association bylaws. Joining is optional for some owners and required for other parcel owners, and the membership fee runs about $400 per year at the time this article was written. Another Fairfield gem nearby that is open to all town residents also deserves a mention here, the park at Lake Mohegan.
One of the homes I sold with deeded Lake Hills Beach access is the totally reimagined home at 2654 Black Rock Tpk which sits just across the street from Beach 6! Keep in mind that there is something for everyone in Fairfield and the surrounding towns. You might also want to consider the area near the beach and town. Here’s a story about one of my recent seller clients in that neighborhood. As always, feel free to contact me with comments or questions using the form at the bottom of this post, and I will get back to you as quickly as I can.
Another client I helped sell nearby is 345 Steiner Street. Though not part of the Lake Hills association but it’s just a few blocks from the fabulous park at Lake Mohegan and just a short drive to all of Fairfield’s five beaches on Long Island Sound.
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If you’re worrying about how to navigate this market, here’s a post with Eight Must-Dos for Buyers and a Case Study for how one of my clients made a successful move to their exciting new home.
Call today with your questions, 203-912-4440, visit my website, or send a note below.
Look at the difference in the number of homes for sale in Fairfield and Westport in May compared to May of 2019! The marketplace is in need of more homes for sale. This creates a huge opportunity for sellers!
The real estate marketplace is very busy right now for a few key reasons. Realtors and everyone else in the industry have adapted to working in safe mode, there is pent up demand from the initial pandemic slowdown, and 
Fairfield and Westport CT Real Estate Guide 