One of the best things about Fairfield is that the beach, town, and train, are all in the same part of town!
If you’re looking for this kind of convenience and the lowest-priced new construction in the neighborhood, come to the OPEN HOUSE tomorrow, Saturday, August 13, 2022 at 56 Rugby Rd in Fairfield CT. List price $1,295,000. See you there. 🙌 🏖 🏘 🚊
Call with questions or to talk about your plans, 203-912-4440.
Most home inspectors I’ve seen use binoculars or a ladder to get a good look at the roof, but today was a roof inspection by drone kind of day! It’s a safer, more effective approach, don’t you think?
Providing high quality 4K photographs and video of your roof covering, siding, chimney and roof penetrations, this is offered as a complimentary addition to each inspection. Call us to schedule today, 860-205-5972 !
July 2022 Numbers are in! How does July compare to the previous month, and WHAT SOLD?!
Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.
So, what are the numbers, Linda?!
In Fairfield, unit sales and market time were up a bit, and the median sale price compared to the asking price was down slightly compared to June. In Westport, unit sales were down from June, and the percentage over asking was also not as high as it was in June. The median days on market were almost the same. If you glance at the two graphs below, you will see the continued trend of upward appreciation of home values in both towns.
FAIRFIELD – July 2022 (vs. June)
Single-Family Homes
Units Sold: 89 (vs. 84)
Median Sale Price: $899,000 (vs. $935,500)
Average Sale vs. Asking Price: 104% (vs. 105%)
Median Days to Contract: 35 (vs. 22)
Fairfield Median Sale Price Trend: 3-Month Averages
WESTPORT – July 2022 (vs. June)
Single Family
Units Sold: 44 (vs. 61)
Median Sale Price: $2,080,000 (vs. $2,076,500)
Sale vs. Asking Price: 103% (vs. 108%)
Median Days to Contract: 20 (vs. 21)
Westport Median Sale Price Trend: 3-Month Averages
Wondering if now’s a good time to make a move? (Mark, pictured above, sure is!)
For monthly charts showing more market parameters in you towns of interest, take a look at the Raveis Local Housing Data, and contact me to discuss the market and your plans.
If you’re thinking of making a move in the next 12 months or have any questions, call directly or send a note to Linda Raymond below.
Every market brings uncertainties, risks, rewards, and opportunities.
People always ask me if they should sell in the winter, or wait until the spring. Some say they think they should wait for various numbers to go up, or come down.
Should I Wait Until Spring?
The truth is, seasonal opportunities exist year-round. Yes, more sales typically occur in the spring, but there are also many more people simply browsing around for fun, and there’s much stiffer competition for sellers. Whereas in the winter, things may be cooler, but the buyers out looking are very focused and serious. People, in fact, have always moved all year-round!
I Think I’ll Wait Until the Numbers Change
Yes prices are high right now and interest rates have ticked upward. But rates are still historically low, and both prices and rates are forecast to increase further. Is it better to sit and wait to see if prices continue to appreciate over the next five years or more along with potentially higher rates? Or is it better to buy now, get into the home with the place and space that suit your current lifestyle, and enjoy the equity gains that have been predicted? The market will always fluctuate upward and downward, but real estate has proven to be a wise investment in the longterm. What is your quality of life worth?
It’s Too Overwhelming to Start Now
I may have given you more questions than answers here, but hopefully I’ve given you something to think about! If part of your concern is feeling overwhelmed with how to begin and all the steps to take, rest assured, I’ll be there for you to help make it all happen. In the meantime, here is a Buyer’s Guide and Seller’s Guide to answer many of your questions upfront. But don’t worry, you don’t have memorize it all, I’ve got your back!
So if you have the chance to sit it out or dance, I hope you dance! Joy and opportunity await! 🕺🏡 💃🏻🏡 🪩🏡 🩰
The rate of appreciation is slowing. That is not the same thing as depreciation. Home values are up and appreciation ↗️ is forecast to continue for years 📆 to come. Home prices are expected to increase an average of 9.3% by the end of 2022, and continue increasing 3-4% each year following through at least 2026 according to industry experts from the Home Price Expectation Survey.
What is your wishlist?
Would you like to sell for top dollar 🤑? Would you like to gain equity 💸 from your purchase as well? Does your current home suit your needs? Would you be excited to be on your way 🏃🏻♀️🏃🏃🏿♂️to your new home that matches your lifestyle now 🏡 ? Are you wondering where you would go?
June 2022 Numbers are in! How did June compare to the previous month, and what sold?
What happened in the Fairfield housing market in June compared to the prior month?
Find out what happened in our local markets by downloading your free WHAT SOLD report with everything that sold in Fairfield and Westport in the previous month here. If you would like the report for another town, send me a request in the form below, and I will get it to you.
It’s a pleasure to work with my clients to achieve their goals and satisfaction.
We priced together based on current market data. We presented the property in its optimal state. We captured the beautiful home with professional digital photography. And then I amplified the images and property selling points to the largest possible audience on a 24/7 basis using the web, digital marketing, and social media.
We worked together in a collaborative way and achieved the desired result within the target timeframe!
Setting up for the newly added fundraising event by Near and Far Aid, Soiree of Summer! Near and Far Aid is changing lives and giving everyone in Fairfield County a fair shot by supporting programs that support successful households!
Setting the stage at Penfield Beach in Fairfield!
If you would like to volunteer to support successful homeownership and existing households in Fairfield County, reach out below.
Looking for the best mortgage rates, options, and service?
Big News!! William Raveis Mortgage is once again named among Top 100 Mortgage Companies in America by Mortgage Executive Magazine!
What does this mean for you? There’s a reason why we are a top mortgage company nationwide, and it’s because we deliver the best rates, options, efficiency and service for you. If you want to make a move and are concerned about rates, the market, and how to navigate the process, reach out to me at the contact info below. I am here to help!
Thank you to all of our Bankers, staff, clients, and agent community, we are proud to be your home finance advocates!
Fairfield and Westport CT Real Estate Guide 