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
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
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
One of the challenges buyers are facing, along with would-be sellers, is that they can’t find what they are looking for on the market.
Many agents are sharing the criteria their buyers are looking for with the hope that someone who is thinking of selling may have a match to add to the market.
Here is my urgent buyer wish list,
Westport – New or contemporary style, ~4,000 square feet, 4+ bedrooms, $1,500,000-$1,800,000, (Need two of these!)
Westport – Renovation project or tear-down, 1+ acres, preferably with no wetlands, price flexible.
Westport – Renovation project or tear-down, any property size, preferably with no wetlands, price flexible.
Fairfield – Beach, town, Southport, or University areas, new or like-new home, 4,000 square feet, up to $1,700,000.
Fairfield – Home with charm and character, preferably in the beach area, but open to anywhere in town, 3+ bedrooms, at least 1,400 square feet or room to expand, $700,000-$850,000.
Fairfield – Home with charm and character, high ceilings, preferably in the beach area, center of town or Stratfield areas, 3+ bedrooms, at least 1,400 square feet or room to expand, finishable basement and/or attic, office space, level yard of .16 acres or more, $500,000-$640,000.
Fairfield – Beach area, near Penfield, .23+ acres on which to renovate or build new, under $700,000.
Fairfield – Town center, new or move-in ready 2-bedroom condo for rent, or sale up to $350,000.
New Canaan – Walk-to-train location, 3 bedrooms, preferably new or move-in ready, high ceilings, up to $1,500,000.
If a matching property is found for the buyer needs above, the following new listings will in turn be added to the market,
Westport – Gorgeous new construction home, likely with 4,000+ square feet and 5 bedrooms.
Westport – ANOTHER gorgeous new construction home, likely with 4,000+ square feet and 5 bedrooms.
Westport – Lovely 4-bedroom, move-in-ready home with lovely property in the Greens Farms area.
Fairfield – Charming cape in the beach area.
The lack of inventory is limiting the market despite the opportunity of very low interest rates and an excellent time to sell for all interested home owners.
So if you have something, say something! 😃 If you know of something, say something! 😃 Want to talk options? Say something. I’m here to help, 203.912.4440.
You only need one powerhouse to get the best real estate company and services, and you just found it with William Raveis Real Estate, Mortgage, & Insurance. As your agent for this company, I want to share the top three reasons why we are the best real estate company for you, which are the same reasons why I chose to work with this company over all the others 16 years ago!
Private Family-Owned Company – Because William Raveis is owned by Bill, Chris, and Ryan Raveis, it is an agile family-based company that is one hundred percent focused on its customers with no stockholder distractions or obligations. The company’s mission is to serve its agents as their customers to ensure we are poised to be the best at serving you!
Leader in Real Estate Innovation – Our company leads the industry with forward strategic and competitive thinking, cutting-edge technology, and cultivating, training, and by empowering the best agents. Our family of companies also provides our clients with premier mortgage, insurance, and closing services for a seamless transactactifon.
Well-Connected, Next Door & Overseas – Our 4,000 regional agents have you covered here and abroad. Our luxury listings are represented by over 565 premier brokerages across 70 countries. This same network also enables me to connect you to your next purchase overseas.
These three high-level value propositions are key to why we are the best, but there is ample detail beneath, including new tools for us to leverage on a regular basis. And now, the best just got better with our new Raveis Essential and Raveis Premium service packages listed below.
I am grateful for the extensive resources William Raveis continuously provides for me to utilize on your behalf. When it rains, it pours with the ever-new and cutting edge resources I have at my disposal. I even received a new umbrella 🙂 !
In all seriousness, my goal is to understand your real estate plans and priorities and to curate a custom solution for reaching your goals. If you would like a deeper understanding of how I can meet your real estate needs, I would love to have a conversation with you. Please feel free to visit my website and company page, give me a call at 203.912.4440, or send me a note below.
Buyers are waiting. Home sale prices are up. Interest rates are outrageously low. Is there a price at which you would consider selling your house? If there is a price that motivates you, are there other barriers?
It sure appears to be the perfect storm for owners to want to sell their homes, right? Sure, except for two major roadblocks- As a potential home seller, where do you move with the limited choice in the market? And if you could work through these details, do you really feel ready?
If you are one of these homeowners, here are three things you can do to manage the logistical challenge.
You can list your home with a published contingency to find suitable housing. This relieves the pressure of not having your destination pre-determined by letting potential buyers know up-front that you reserve the right to take the time to find a new home. It also gives you an ‘out’ if you cannot find a suitable solution. You can reach out to me and also select a real estate attorney to learn more.
Alternatively you can put your home on the market and negotiate a long closing period, such as a few months, when you receive an offer- or multiple offers. Many buyers are flexible with timing, especially if they are buying a second home. This will give you time to look around.
A temporary housing plan is another key option. Are you aware that you may even be able to sell your home and rent it back from the buyers for a period of time! This can be an excellent solution for bridging the gap until you find your new home. Even if this is not doable, there are other options. If it is feasible to stay with family, go to a second home or vacation home, or get a short term rental, and put things in storage for a while, this is a great way to take the timing pressure off. It may not be convenient, but it may still be worth it in order to capitalize on the opportunities of this market and move to the home that truly satisfies your current needs and desires.
Get creative!At William Raveis, we are here to get creative with solutions to our clients’ challenges. We understand the complexities of the current market and in bridging the gap between buying and selling. So we have an entire array of services that can enable you to become a cash buyer before you sell, fix up any issues with your house without paying until it’s sold, and bridge the financial gap as well. Call me today to discuss your ideal outcome, and let’s discuss how to get you there!
All that being said, what if the above solutions are all well and good, but you still feel hesitant? It is even more important than strategizing the logistics to be sure your heart is really in it. You must be sure you are ready to sell before going on the market. Here’s the journey one home seller went through to get ready to ultimately make her dream come true.
Keep in mind that even though the inventory of homes for sale is low, the market time is also short, so the choices of homes to purchase is constantly refreshing and there are always new homes to choose from if you want to make a move.
Imagine if all you homeowners who would love to sell but have been sitting on the sidelines decide to go for it using some of the safeguards and creative solutions above? The market would be rich with choice for everyone searching (yourselves included!), and many more home buyers and sellers would be on the move toward making their dreams a reality!
You can browse around and set up some searches for yourself here if you would like to get a feel for the markets as you think about your plans. Call me today to discuss your options, 203-912-4440. We will have a brief consultation to understand your goals, the market, and how I might be able to help.
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.
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.
Fairfield and Westport CT Real Estate Guide 