Fairfield and Westport CT Real Estate Guide

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

Tag Archives: housing market


by Leave a comment

Where Are Home Prices Going As Spring Approaches? February-March 2023, Fairfield & Westport CT

It’s February, but March is Just Around the Corner!

The January numbers are in, so where do things appear to be going at the moment? I know many of you are thinking of making a move but may be hesitating due to uncertainty (see 3rd video below). I will keep you abreast of home values in Fairfield and Westport Connecticut each month here on the blog. Reach out to me for values in additional towns.

Since we are starting a New Year, I pulled the report showing 12 months ending in January compared to the same timeframe the previous year. Below is a comparison chart for Fairfield and Westport showing changes that favor buyers and sellers.

Home values were up.

The median and average sale prices were up as well as the average sale price per square foot in both towns compared to the 12 months ending in January 2021.

Inventory and new listings were down, putting upward pressure on prices. Homes sold on average for 102% of the list price, compared to 100% in the previous year.

In favor of buyers, unit sales and contracts were down. We have seen some opportunity for buyers to have a little more time, choice, and negotiating ability depending on the demand for the particular property. This leverage is very much on a case by case basis.

Due to the tight inventory, many homes are still selling very quickly with multiple offers. So buyers should be prepared with a mortgage pre-approval or proof of funds so they can make an offer quickly if they see a home that they like.

Below are my market comments for the last week in January and second and third weeks in February. (Click each image for the 60-second videos on Instagram). We saw an increase in new listings, but the accepted offers far exceeded this count! 🤷‍♀️ So we need new listings! 🏡 🏠 🏡


On a national note, the experts anticipate prices to remain relatively stable followed by continued appreciation beginning in 2024. So buyers in the current market may enjoy equity increases in the very near future!


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.

← Back

Thank you for your response. ✨


by Leave a comment

Are Home Values Falling? January 2023 Report, Fairfield & Westport CT

It’s January 2023 and you are wondering, are home values falling? As a potential home buyer or home seller, you want to know where the values of your Fairfield County house are now and where they are likely heading.

I will keep you abreast of Fairfield County house values in Fairfield and Westport each month here on the blog. Reach out to me for values in additional towns.

Below is a comparison chart for each town showing the year-to-date change and an estimated forecast to address the question, “are home prices falling”.

As you can see, we are still in a seller’s market. Home values are up 12-25% in Fairfield and Westport at the end of 2022 compared to 2021. Inventory and new listings are down, and market time is down year over year.

Yet, in favor of buyers, unit sales and contracts are also down. And months of supply was up in December in both towns (data not shown). So this offers some opportunity for buyers to possibly have a little more time, choice and negotiating ability in the coming year. This leverage is on a case by case basis though. Due to the tight inventory, many homes are still selling very quickly and some still with multiple offers. So buyers should be prepared with a mortgage pre-approval or proof of funds so they can make an offer quickly if they see a home that they like.


On a national note, the experts have not projected home prices falling in 2023. They expect to see prices remain relatively flat followed by continued appreciation beginning in 2024. So more equity should be there for the taking for home buyers this year!


Reach out to me anytime with your questions about the market and to talk about your plans.

← Back

Thank you for your response. ✨


by Leave a comment

Local Housing Data Plus Forecasting Tool: November 2022

Below is November’s Local Housing Data for Westport, CT. Click the image to open the interactive report.

With the report open, use the menu in the upper left to search different towns and pull up more reports…like the Market Forecast tool! This is a screenshot of the expanded menu view:


Reach out to me anytime with questions about the market and your plans.

← Back

Thank you for your response. ✨


by Leave a comment

Weekly Update on the Housing Market: Fairfield and Westport CT, November – December 2022

About last week!

What’s going on in our local Connecticut housing markets as 2022 comes to a close? What’s UP, what’s DOWN? Join me in following this weekly update of what happens in Fairfield and Westport, and you will know first hand!

FAIRFIELD Single-FamilyNov 28 – Dec 4Dec 5 – 11Dec 12 – 18Dec 19 – 25Dec 26 – Jan 2
NEW 6
REDUCED 2
ACCEPTED OFFERS3
SOLD17
AVG % OF ASK99%
YTD MEDIAN SALE PRICE$820,000

WESTPORT Single-FamilyNov 28 – Dec 4Dec 5 – 11Dec 12 – 18Dec 19 – 25Dec 26 – Jan 2
NEW5
REDUCED6
ACCEPTED OFFERS2
SOLD7
AVG % OF ASK98%
YTD MEDIAN SALE PRICE$2,011,000
Source: SmartMLS

DID YOU KNOW that people move all year long and in every market?

Last year in November and December of 2021, 195 people successfully bought or sold a single-family home in Fairfield and Westport, and in 2019 there were 159 single-family sales during these two months. So you shouldn’t feel like you have to wait around for spring if you want to be in your ideal home now.

The best time to sell is when the timing matches your life goals. You can absolutely do it any time of year and in any market!

If you’re feeling concerned about the market conditions but wish you could move on to the home that truly matches your needs and lifestyle, reach out to me now, and let’s have a conversation.

Are you curious what your home is worth in the current market? Reach out to me in the form below, or click here for an instant estimate.

Comments? Questions?

← Back

Thank you for your response. ✨

LindaRaymondRealEstate.com

#GoodNews

#GoodNewsMonday

#RealEstateMarket

#FairfieldCT

#WestportCT

← Back

Thank you for your response. ✨

LindaRaymondRealEstate.com

#GoodNews

#GoodNewsMonday

#RealEstateMarket

#FairfieldCT #WestportCT


by Leave a comment

Behind the Scenes, Working to Support Our Communities

I’m working behind the scenes to support you and our communities.

Check out the Instagram Reel!

Our fabulous communities are what draw people to our towns from near and far and what keeps people here sticking around and moving locally. That’s why I like to help support our local communities.

This week I met with Fairfield’s new Conservation Director, Tim Bishop to talk about how I can help homeowners in town learn how to protect our precious wetlands. Tim is an excellent resource for our town and truly wants to collaborate with homeowners to help them get their home improvements done while protecting our fragile natural resource, the inland wetland areas.

Most people are not aware of the importance of protecting wetlands and that doing so is critical to controlling flooding and stormwater run-off, maintaining our water quality, and preserving natural ecosystems that need still (vs. flowing) water to breed and live. Healthy wetland areas hold onto water which enables a natural cleaning process to occur and provides the environment necessary for wildlife, while controlling flooding. Many people don’t know they have wetland areas on their property. They don’t realize that their actions may be permanently destroying this critical natural resource, and they don’t realize that what they do in their yard impacts other people. So I will be working with Tim and others from the Greater Fairfield Board of Realtors on a plan to get the word out!

After meeting with Tim Bishop, I went to Bridgeport and helped to assemble 600 meal bags in preparation for Thanksgiving. This was part of a larger program to support 7,000 families.

The next day, it was time to vote!

And last, but not least, I launched a new Weekly Housing Update to enable you to track the market on a weekly basis and see what’s going on in Fairfield and Westport. You can find the Weekly Update here on the blog.

If you are thinking of making a move within one of our fabulous communities, within the next 12 months, now is the time to reach out to me so we can proactively put your plan in motion.

← Back

Thank you for your response. ✨

@FairfieldConservation
#LindaRaymondRealtor
#FairfieldCTRealEstate
#WestportCTRealEstate
#FairfieldCountyRealEstate
#WilliamRaveis
#WilliamRaveisCT
#WilliamRaveisSouthport
#fairfieldctrealtors
#southportctrealtors
#WestportCTrealtors
#housingmarket
#weeklyreport
#vote2022
#wetlands
#conservation
#behindthescenes
#yourcastlemymission


by Leave a comment

Weekly Update on the Housing Market: Fairfield and Westport CT, October / November 2022

About last week!

What’s really going on in our local Connecticut housing markets? Does it all boil down to supply and demand? Join me in following this weekly update of what happens in Fairfield and Westport, and you will know first hand! (Click each image below to view a quick Reel on Instagram.)

Photo of Linda Raymond giving a weekly market update while driving in the car.

FAIRFIELD Single-FamilyOct 17 – 23Oct 24 – 30Oct 31 – Nov 6Nov 7 – 13Nov 14 – 20Nov 21 – 27
NEW 14148881
REDUCED 111271172
ACCEPTED OFFERS111199612
SOLD22 913699
AVG % OF ASK98%97%98%97%98%97%
YTD MEDIAN SALE PRICE$810,000$810,000$820,000$817,000$815,000$815,000

WESTPORT Single-Family Oct 17 – 23 Oct 24 – 30 Oct 31 – Nov 6Nov 7 – 13 Nov 14 – 20 Nov 21 – 27
NEW8915651
REDUCED453541
ACCEPTED OFFERS464272
SOLD358164
AVG % OF ASK98%94%96%95%98%99%
YTD MEDIAN SALE PRICE$2,050,000$2,032,500$2,050,000$2,050,000$2,050,000$2,015,000
Source: SmartMLS

Nov 28: No one made a move in the middle of Thanksgiving and Black Friday, right? Actually they did! 27 happy parties made a big move with 14 accepted offers and 13 sold homes last week! Sale prices averaged 97% in Fairfield and 99% in Westport, so homes are selling close to asking price. Take a look at my quick video update.

Nov 21: Nothing happening the week before Thanksgiving, right..?

Observations: There was actually an UPTICK in accepted offers last week! The median sale price has been pretty steady in both towns in the last five weeks. It’s actually UP a bit in Fairfield from five weeks ago. Sale prices have been averaging 98% of asking, which is what we typically see in strong markets. New listings have been trickling in though.

So my takeaway is that we need more new listings!

DID YOU KNOW that people move all year long?

Last year, in November and December 2021, 195 people successfully bought or sold a single-family home in Fairfield and Westport, and in 2019 there were 159 single-family sales. So you shouldn’t feel like you have to wait around for spring if you want to be in your ideal home now.

The best time to sell is when the timing matches your life goals. You can absolutely do it any time of year and in any market!

If you’re feeling concerned about the market conditions but wish you could move on to the home that truly matches your needs and lifestyle, reach out to me now, and let’s have a conversation.

Oct 13:
Observations: The biggest things that jump out at me right now are the price reductions and the ratio of the sale price to the asking price.

We saw ZERO price reductions for quite some time, but in the last four weeks we saw some. I still think these happened when sellers priced too optimistically versus pricing conservatively with comparable sales in the current market.

At the height of the frenzy, the sale/list ratio ran between 103% to 105%. In the last four weeks this ratio moved to the 95%-97% range which is closer to what we see in a more balanced market. Buyers had some opportunity to negotiate again in some cases. However, keep in mind there were still multiple offers and sales at and above the asking price as well.

The median sale price has been fairly consistent in both towns over the last four weeks.

Are you curious what your home is worth in the current market? Reach out to me in the form below, or click here for an instant estimate.

Comments? Questions?

← Back

Thank you for your response. ✨

LindaRaymondRealEstate.com

#GoodNews

#GoodNewsMonday

#RealEstateMarket

#FairfieldCT

#WestportCT

← Back

Thank you for your response. ✨

LindaRaymondRealEstate.com

#GoodNews

#GoodNewsMonday

#RealEstateMarket

#FairfieldCT #WestportCT


by Leave a comment

Real Estate News – What Sold in September 2022: Fairfield & Westport CT

September 2022 housing numbers are in! How does September compare to the prior month, is there a slow down, and WHAT SOLD?? Curious what your home is worth?

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, September unit sales were down by 25 from August. The ratio of sale price compared to the list price was down two percent since August. The median sale price was also down, but the median days on market was the same.

In Westport, unit sales were down by 14 from the prior month. Sale price-to-list-price ratios averaged two percent lower than in August. The market time was up by 4 days compared to August.

Comparing September vs August,

Both towns saw fewer sales and sale prices closer to the asking price in September compared to August. The median sale price was lower in Fairfield and higher in Westport in September vs August. Market time was unchanged in Fairfield and longer in Westport.

Comparing September 2022 vs 2021,

Comparing September year over year, unit sales were down in both towns this year. The median sale price is still up from 2021. Market time was down in Fairfield and a few days longer in Westport.

Quick scoop on market status

FAIRFIELD – September 2022 vs August

Single-Family Homes

Units Sold: DOWN, 55 (vs 80)

Median Sale Price: DOWN, $853,000 (vs $908,000)

Average Sale vs. Asking Price: DOWN, 101% (vs 103%)

Median Days on Market: SAME 32 (vs 32)

Fairfield 2022 vs 2021

Units Sold: DOWN 27% (55 vs 75)

Median Sale Price: UP 4% ($853,275 vs. $820,000)

Days on Market: DOWN 25% (30 vs. 40)

WESTPORT – September 2022 vs. August

Single Family

Units Sold: DOWN, 34 (vs 48)

Median Sale Price: UP, $2,002,500 (vs $1,949,500)

Average Sale vs. Asking Price: DOWN, 101% (vs. 102%)

Median Days on Market: UP, 39 (vs 35)

Westport 2021 vs 2022

Units Sold: DOWN 17% (35 vs 42)

Median Sale Price: UP 41% ($2,080,000 vs $1,475,000)

Days on Market: UP 12% (37 vs 33)

Wondering if now’s a good time to make a move?

Curious what your home is worth?

You may also be wondering if prices will be coming down and if you should make a move now. For monthly charts showing more market parameters in your 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.

← Back

Thank you for your response. ✨

#RealEstateMarketJuly2022 #HousingPrices #HomeValues #HomeAppreciation #HomeBuying #HomeSelling #FairfieldCTRealEstate #WestportCTRealEstate #WilliamRaveisRealEstate #YourCastleMyMission #LindaRaymondRealEstate


by Leave a comment

Is it Time for You to Fall in Love?

Click to view Instagram Reel!

🙌 Fairfield Beach area: walk to town, train & beach

🙌 Peaceful & vibrant side street

🙌 Beautiful landscaping

🙌 Natural gas, forced air heat, city water/sewer

🙌 3 Bedrooms, 2 full baths (1 per floor), main floor laundry, eat-in kitchen, front to back living room & dining area with fireplace, study

🙌 Covered deck with ceiling fan

🙌 Attic and full basement with sink for storage, gardening, 🪴 etc.

🙌 New exterior & interior paint, plus numerous new improvements

🙌 Garage

Is it time for you to fall 🍁 in love 🏡 ?

Message me below for more info! Curious what your home is worth?

← Back

Thank you for your response. ✨

#LindaRaymondRealtor #FairfieldCTRealEstate #WestportCTRealEstate #FairfieldCountyRealEstate #WilliamRaveis #WilliamRaveisCT #WilliamRaveisSouthport #fairfieldctrealtors #southportctrealtors #WestportCTrealtors


by Leave a comment

Linda’s What Sold Report: August 2022, Fairfield & Westport CT

August 2022 housing numbers are in! How does August compare to the prior month, and WHAT SOLD??

Click image for Instagram Reel with Linda’s quick market update at the end of August!

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 down a bit from July. The average sale-to-list price ratio was down two percent since July. In Westport, unit sales were up by four from the prior month. Sale prices averaged 102% of the list price which was four percent lower than it was in July. The market time was up by 15 days compared to July. Homes were selling closer to the asking price in August in both towns compared to July.

FAIRFIELD – August 2022 vs July

Single-Family Homes

Units Sold: 80 (vs. 89)

Median Sale Price: $908,000 (vs. $899,000)

Average Sale vs. Asking Price: 103% (vs. 105%)

Median Days to Contract: 32 (vs. 35)

WESTPORT – August 2022 vs. July

Single Family

Units Sold: 48 (vs. 44)

Median Sale Price: $1,949,500 (vs. $2,080,000)

Average Sale vs. Asking Price: 102% (vs. 106%)

Median Days to Contract: 35 (vs. 20)

Wondering if now’s a good time to make a move?

You may be wondering if prices will be coming down and if you should make a move now.

For monthly charts showing more market parameters in your 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.

← Back

Thank you for your response. ✨

#RealEstateMarketJuly2022 #HousingPrices #HomeValues #HomeAppreciation #HomeBuying #HomeSelling #FairfieldCTRealEstate #WestportCTRealEstate #WilliamRaveisRealEstate #YourCastleMyMission #LindaRaymondRealEstate


by Leave a comment

End of Summer 2022 Housing Market

Click image for Instagram Reel. Linda tells why people are being proactive and making moves now.

The August home 🏡 sales are in, and 147 buyers and sellers in Fairfield and Westport made a move to their happy place! They sold high 💵 and bought before the projected continued price increases ↗️↗️↗️ while also enjoying instant equity in their new homes! 

What would you like to do? 

I look forward to taking with you about your plans. In the meantime you can download my complimentary WHAT SOLD report at LindaRaymondRealEstate.com/Blog. Have a wonderful Labor Day weekend!! 😃

#housingmarket
#waitingforpricestodrop
#waitingwaitingwaiting
#homevalues
#homeappreciation
#housingmarket2022
#yourcastlemymission
#lindraymondrealtor
#williamraveissouthport
LindaRaymondRealEstate.com

← Back

Thank you for your response. ✨