Fairfield and Westport CT Real Estate Guide

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

Tag Archives: Real estate agent


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10 Mistakes to Avoid When Selling Your House in Fairfield and Westport, CT


Hello, Fairfield and Westport homeowners! If you’re thinking about selling your house, you’ve picked a dynamic time. The current market is buzzing with potential buyers eager to plant roots in our charming towns. However, even in a seller’s market, there are pitfalls that can turn your smooth sailing into a rocky road. To help you navigate, here are ten mistakes you absolutely must avoid when selling your house in Fairfield and Westport, CT if you want to sell your house for the most money and the terms that you want.

1. Overpricing Your Home 🎢

Your home is your castle, filled with priceless memories and your custom design preferences. But remember, buyers are savvy. Overpricing is a deterrent, especially in the current market with buyer fatigue from bidding wars, high prices, and increased interest rates. This can result in your listing languishing on the market, a reduced buyer pool for your house, lowball offers, and your house ultimately selling for less. Your agent will conduct a competitive market analysis so that you will have the data you need to set a realistic price that generates the highest demand for your listing and attracts serious buyers.

2. Neglecting Curb Appeal 🌷

Remember, presentation and condition are among the top three factors impacting how much you get for your house. First impressions matter. If your lawn looks like a jungle and your paint is peeling, potential buyers might drive by without a second glance. Invest in landscaping, power wash the exterior, and add a fresh coat of paint to make your home irresistible.

3. Ignoring Necessary Repairs 🔧

Got a leaky faucet or a creaky door? Fix them before listing your home. Small issues can add up in buyers’ minds, making them wonder what bigger problems might be lurking. A well-maintained home signals that it’s been lovingly cared for.

4. Not Staging Your Home 💫

An empty house can feel cold and uninviting, while a cluttered one can overwhelm, and extreme decor can distract. Staging is a key marketing strategy because it ensures buyers experience a positive emotional response and helps them see themselves living in your space. A professional stager can work with your furnishings, supplement with accessories, or provide everything you need if your house is vacant.

5. Creating Barriers to Getting Buyers Into Your House 📉

Being unavailable for showings is one. If you restrict showing times, you limit the pool of potential buyers. Make your home available for as many showings as possible, and be ready for last-minute appointments. If your house is very difficult to show, it will send the message to buyers and their agents that you are not serious about selling. Flexibility is key.

Not having a yard sign can reduce showings since it provides a visible source of advertising for your listing, especially for buyers browsing in your neighborhood. It is best to have a visible yard sign with a rider that includes your agent’s direct phone number so they can vet interested buyers and arrange to get them in for a showing.

Excluding compensation for buyers’ representation will also likely reduce your pool of eligible and interested buyers. The new buyer agreements enable buyers to opt-out of considering properties that do not include buyer broker compensation. Buyers already have to come up with a down-payment, loan fees and closing costs, so an additional up-front cost will price many buyers out of your pool. Remember, the buyer is ultimately paying for their broker’s services when they pay for your house. If you don’t include buyer broker compensation with your listing, you may also end up attracting unrepresented buyers with no professional guidance and a limited understanding of the home buying process. This translates to lost time, many potential pitfalls, and possibly even a deal that falls apart. To keep these issues at bay, your agent will require more compensation from you to manage the process involving the unequipped buyer and keep the sale on track for you.

6. Attempting For Sale By Owner ⁉️

Your home is one of your largest, if not your largest asset. Are you experienced in and available for handling pre-marketing research and preparation, legal forms and regulations, local zoning requirements, marketing strategy, SEO-optimization, negotiating showings, offers, inspections, walkthroughs, closing timing, and managing multiple agendas… all while doing your other full-time job and keeping your emotions about selling in check? Do you have access to the MLS and countless other technology platforms, digital subscriptions, and APPs, a network of agents, lenders, attorneys, contractors, and town connections? If not, why would you put your most significant investment at risk like this?

7. Failing to Market Effectively 📣

This is in your agent’s court! You want to reach the widest audience and attract the most potential buyers. Your agent should be able to show you a comprehensive custom marketing strategy and plan for your listing. Partner with a realtor who understands the power of a robust marketing strategy.

8. Doing an “In-House” Listing 📉

As mentioned in #7 above, if your goal is to secure the most money and the best terms for yourself, you achieve this by exposing the largest potential buyer pool to your listing, not the smallest.

9. Overlooking Local Market Trends 📊

Fairfield and Westport have their own unique market dynamics. Work with a local realtor who understands the intricacies of our area. They can provide invaluable insights into timing your sale and pricing your home appropriately.

10. Letting Your Emotions Get in Your Way 🎭

Selling your home is a business transaction. Try to detach emotionally and be prepared for negotiations. Understand that buyers might want to make changes that you wouldn’t dream of, and that’s okay. It’s completely understandable to feel mixed emotions. You can share your thoughts with your Realtor, and they will help put your mind at ease. A good agent understands the powerful emotions involved with selling and buying your home and has your back with emotional support while guiding you through the entire process.

Selling your home in Fairfield and Westport, CT, can be a rewarding experience when done right. Avoid these common mistakes, and you’ll be well on your way to a successful sale. There is a lot to consider when selling your home, so it’s important to contact your agent as far in advance as possible.

Have questions or ready to get started? Contact us today for expert guidance and personalized service.

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Trusting the Process: Insights from a Fairfield CT Broker Tour

I Surveyed Six Listings During A Broker Tour to See Where the Sellers Were Going

As a realtor in Fairfield, CT, I constantly seek to understand the dynamics of our local real estate market. Recently, I participated in a broker tour and found something truly fascinating. Out of the six houses I visited on tour, I asked the agents where their sellers were headed next. The responses were quite diverse and offered a peek into the sellers’ mindsets.

Seller Plans Were Varied With A Surprising Theme…

  • One was an estate sale.
  • Two sellers had already bought their next home.
  • One was simply moving up the street.
  • One was moving out of state.
  • The remaining three had no idea where they were going next!!

50% of the sellers had no definitive plan for their next move!

Yes, you read that right—50% of the sellers had no definitive plan for their next move. They chose to trust the process, navigating the real estate market with an open mind and flexibility. This approach, while unconventional, can open up exciting possibilities for both sellers and buyers.

Why Trust the Process?

  1. Competitive Buyer: In the current sellers’ market, it is common for properties to receive multiple offers, especially in desirable markets and for homes that appeal to a lot of buyers. This creates a challenge even without the contingency to sell your house first, but with this added contingency, the only way to make your offer more competitive is to significantly outperform the others on price and other terms. If your house is under contract with no or few contingencies to close, you are in a much stronger position to obtain your next home than if you have not even committed to the selling process.
  2. Flexibility: If you are a seller who can be open to “going with the flow”, you can explore a broader range of options without the pressure of immediate relocation.
  3. Market Dynamics: When more sellers adopt this mindset, it can lead to increased inventory and more choices for everyone in the marketplace.
  4. Contingencies for Peace of Mind: You can protect yourself as a seller by adding contingencies that your sale is subject to finding suitable housing. This ensures you are not left without a home.

Imagine the Possibilities

If more sellers embraced this flexible approach, the real estate market could become more dynamic and fluid. It encourages a more open and trusting environment where transactions can happen more organically.

As we navigate this ever-evolving market, let’s remember that sometimes, trusting the process can lead to unexpected and wonderful opportunities.

Feel free to reach out if you’re considering selling your home or looking for your next dream house in Fairfield, CT. I’m here to guide you every step of the way!

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#FairfieldCTRealEstate #RealtorTips #TrustTheProcess #HomeSelling #RealEstateMarket #BrokerTour #MovingTips #HouseHunting #SellerInsights #RealEstateAdvice


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Fairfield and Westport Real Estate Market Report June 2024 🏡☀️


Happy June! 🌼

Here’s a quick look at what happened last month in our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in May 2024.

Prices fluctuated.

  • Single-family home sale prices averaged 105 percent of asking in Fairfield and 103 percent in Westport, up from about 100% last month.
  • The median sale price in Fairfield was $846,619, DOWN 13.2% compared to May 2023 but up from last month. The median sale price per square foot was UP 14.1% to $433 and also up from last month. In Westport, the median sale price was $1,975,775, DOWN 24% from a year ago and down from last month. The median sale price per square foot was $498, which was DOWN 10.1% from last May. The fluctuation could be due to the mix of homes that sold, such as more lower-priced homes.

Pace: Short market time, flat sales, new listings => 3-4 months of supply.

  • Days on market averaged a brisk 25 in Fairfield and 23 days in Westport pointing to a significant amount of cash deals. In Fairfield, 40 percent of the homes were purchased with cash, and 34.6 percent of the Westport sales were cash deals in May. Though some listings sat for much longer than average, the overall market time was much shorter than last May.
  • Unit sales in Fairfield were 45, the same as in May 2023, and 26 in Westport which was down 3.7% compared to last May. Inventory was up in Fairfield with 156 single-family homes for sale and down in Westport with 100 homes for sale.
  • The months of supply metric was way UP (30.4%) in Fairfield and slightly UP (4.4%) in Westport compared to May 2023, at 3.45 and 3.7 months respectively. There were 50 New and Coming Soon MLS listings in Fairfield and Westport combined at the time this was written.

What does it mean?

Continued low inventory and short market time favored sellers. There were still multiple-offer situations, but these were on a case-by-case basis. Some homes sold for full price or more than asking, and some sold for less.

Bottom line.

If now is a good time for you to pursue a new lifestyle, the current market always offers opportunities. In some cases, there is more balance than before, but we are still in a seller’s market due to low inventory. When buying, patience and more ‘user-friendly’ interest rates, now in the 6s, can work in you favor! Your agent’s expert guidance will help you navigate this market for a successful sale or purchase. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the marketing strategy and negotiations to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there may or may not be some flexibility with timing and price. It is on a house-by-house basis. There is still a predominance of solid competition and a short window before sellers accept offers. It all depends on how much competition exists for a particular home at the point in time when you want to pursue it. You will need to be ready to make an informed decision if you really want to get your house. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands because an offer is not complete without this critical piece! Keep in mind that if you will be financing and enter a multiple-bid situation, 35-40 percent of the other bidders may be offering cash, so you will have to compensate with other attractive terms to make your offer more competitive. Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Would you love to be in a new home this summer? ☀️ Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – MAY 2024


WESTPORT SINGLE-FAMILY – MAY 2024


To review last month’s market report.

Want a quick online home estimate?

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Thank you for your response. ✨

William Raveis Local Housing Data


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Real Estate Market 🏡 Report May 2024: Fairfield CT and Westport CT


Happy May! 🌸

Here’s a quick look at what happened last month in our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in April 2024.

Prices fluctuated slightly.

  • Single-family home sale prices averaged 101% of asking in Fairfield and 100% in Westport.
  • The median sale price in Fairfield was $821,000, DOWN 6.7% compared to April 2023 and also down from last month. The median sale price per square foot was also DOWN slightly, by 1.9% to $410. In Westport, the median sale price was $2,333,000, DOWN 2.8% from a year ago. The median sale price per square foot was $503, which was UP 0.7% from last April.

Pace varied: short market time & variable sales volume by town

  • Days on market averaged of 23 days in Fairfield and 33 days in Westport illustrating a significant amount of brisk transactions that were likely cash deals. The market time was much shorter than last April.
  • Unit sales were down 58% in Fairfield but UP 81.3% in Westport compared to April 2023. Inventory was up in Fairfield with 158 single-family homes for sale and down in Westport with 94 homes for sale.
  • The months of supply metric was UP compared to April 2023 at about 3.5 months in both towns.

What does it mean?

Continued low inventory and short market time favored sellers. However average sale prices were closer to the asking price than we have seen in a while, which was helpful for buyers. There were still multiple-offer situations, but these were on a case-by-case basis. Some homes sold for full price or more than asking, and some sold for less. During the week of this post (mid-May) rates ticked down into the six percent range for many loan products, so more people may feel encouraged to pursue a move this season.

Bottom line.

If now is a good time for your new lifestyle goals, the current market offers the opportunity of a shift toward more balance along with more ‘user-friendly’ interest rates. Your agent’s expert guidance will help you navigate this market for a successful sale or purchase. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy and negotiations to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is a bit more flexibility in timing and price than in the previous months. However, this is now on a house-by-house basis. There is still a predominance of solid competition and a relatively short window before sellers accept offers. So it is important that you are ready to make an informed decision if you really want to get your house. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Do you plan to jump into the market this spring? 🌸 Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – APRIL 2024


WESTPORT SINGLE-FAMILY – APRIL 2024

To review last month’s market report.

Want a quick online home estimate?

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Thank you for your response. ✨

William Raveis Local Housing Data


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Lunch and Learn! Real Estate Revelations

As we dined at the elegant yet fun Gabagool in Fairfield CT, indulging in their delectable Rice Bwalls and Mediterranean Dip alongside sips of the crisp Italian beer Forst and bubbly prosecco and enjoying their cushy seats, our conversation delved deep into the intricacies of real estate transactions.

Here are some key takeaways 🤩 from our discussion, showcasing the dedication and problem-solving prowess required to serve our clients effectively:

1. Prioritizing Privacy and Peace of Mind: 😌We recounted a recent sale where our client chose to sell swiftly to the first buyer, bypassing a potential bidding war. For them, privacy and a hassle-free process trumped squeezing out every last dollar. It’s a reminder that for some, the intangible benefits outweigh the financial gains.
2. Timing is Everything: ⏰ A seemingly perfect home for a buyer turned out to be a sleepless night of doubts. However, patience paid off when they found their true dream home the following year. It underscores the importance of trusting the timing and being open to the unexpected twists in the journey.
3. Easing the Burden: 🏋️‍♀️ Many homeowners delay selling due to the daunting task of emptying out the house. However, discovering that their agent could handle the entire process, from decluttering to staging, was a game-changer. It’s a testament to the value of comprehensive service and alleviating clients’ burdens.
4. Clearing Mental Roadblocks: 🤗 Sometimes, buyers may hesitate due to fixable issues or lingering doubts. By addressing their concerns head-on and guiding them through the decision-making process, we can pave the way for a smooth transaction and a happy homeowner.

At Gabagool, amidst savory bites and refreshing drinks, we reflected on these anecdotes that underscore the heart of our profession: understanding, empathy, and problem-solving. Each transaction is a journey, and by staying attuned to our clients’ needs, we can navigate any obstacle and unlock success in real estate.

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#RealEstateWisdom#ClientSuccess#ProblemSolvers#RealEstateInsights#ClientFocus#ProblemSolving#EmpatheticService#ClientEmpathy#lunchandlearn#Lunch


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Real Estate Market Report April 2024 🌷: Fairfield CT and Westport CT


April is Nearly Behind Us! 🏡 🌷

Here’s a quick look at what happened last month in our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in March 2024.

Prices were up.

  • Single-family home sale prices averaged 102% of asking in Fairfield and 99% in Westport.
  • The median sale price in Fairfield was $870,000, UP 15.7% compared to March 2023 and also up from last month. The median sale price per square foot was also UP 7.3% to $403. In Westport, the median sale price was $2,250,000, UP 11.9%. The median sale price per square foot was $489, which was DOWN 3.9% from last March.

Pace was down.

  • Days on market averaged of 82 days in Fairfield and 100 days in Westport.
  • Unit sales were down 29.8% in Fairfield and 16.7% in Westport compared to March 2023. Inventory was up in Fairfield with 115 single-family homes for sale and down in Westport with 78 homes for sale.
  • The months of supply metric was up in both towns from March 2023 but still in the two-to-three-month range. This was the result of a slower rate of sales.

What does it mean?

The market in March showed continued low inventory which was the biggest rate-limiting factor. Buyer demand also continued despite the inventory shortage which maintained upward pressure on prices. Though rates have not ticked down yet as hoped, more homes started to come to the market in April.

Bottom line.

People buy and sell in every season and in every market. So embrace your new lifestyle goals if the right time for you is now. Your agent’s expert guidance will help you navigate this market for a successful sale or purchase. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy and negotiations to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is a bit more flexibility in timing and price than in the previous months. However, this is now on a house-by-house basis. There is still a predominance of solid competition and a relatively short window before sellers accept offers. So it is important that you are ready to make an informed decision if you really want to get your house. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Do you plan to jump into the market this spring? 🌷 Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – MARCH 2024


WESTPORT SINGLE-FAMILY – MARCH 2024

To review last month’s market report.

Want a quick online home estimate?

← Back

Thank you for your response. ✨

William Raveis Local Housing Data


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Home Sale Finish Line: 40 Negotiations Buyers & Sellers Must Pass to Close the Deal

In the intricate dance of real estate transactions, negotiation is the heartbeat that drives a successful home purchase. As a seasoned realtor dedicated to my clients’ satisfaction, I employ a comprehensive approach to negotiation, ensuring my clients have every advantage to secure the property they desire and navigate smoothly to the finish line of closing. From initial showings to final walkthroughs, every step presents an opportunity to leverage key points, overcome obstacles, and move the process forward.

Let’s delve into the 40 critical negotiation points at a glance that I meticulously manage to turn dreams into reality.

  1. Showing appointments
  2. Competition for the house
  3. Multiple offers, escalation clause
  4. Hubbard clause
  5. Buyer/seller priorities
  6. Offer presentation
  7. Price
  8. Payment method
  9. Downpayment
  10. Timeline
  11. Inclusions/exclusions
  12. Solar, assessments, rented items
  13. Wetlands
  14. Permits
  15. Fences, trees, property lines
  16. Easements, right-of-ways
  17. Insurance
  18. In-ground oil tanks
  19. Flood restrictions
  20. Historic restrictions
  21. Zoning restrictions; improvement potential
  22. Offer contingencies: inspection, dates, appraisal, mortgage, HUBBARD
  23. Inspection terms: info only? health/safety/environmental
  24. Inspection items: building, pest, lead, mold, septic, well, pool, in-ground fuel tank
  25. Inspection requests: further testing, repair/remediation, timing, credit, as-is
  26. Contractors
  27. Lender
  28. Attorneys
  29. Family members
  30. Receipts for repairs, new appliances, work done
  31. Condos: HOA, bylaws, showing restrictions, parking, resale package, landscaping, repairs, responsibilities
  32. New construction: detailed specs, survey, floor plans, timeline
  33. Home warranty
  34. Seller rent back
  35. Date extensions
  36. Buyer visits before closing
  37. Walkthrough
  38. Walkthrough follow-up
  39. Keys, clickers, codes, manuals
  40. Closing time, sign removal

Navigating the complexities of a real estate transaction requires skillful negotiation at every turn. By addressing the 40 negotiation points outlined above, your realtor must ensure you are empowered to make informed decisions to complete your home sale and secure the home of your dreams.

From purchase price to closing time, no detail is overlooked in my commitment to achieving their goals. With a trusted realtor by your side, you can confidently navigate the journey from offer presentation to sign removal, knowing you have an advocate dedicated to your success.

Reach out to me today to discuss how we can work together to turn your real estate aspirations into a reality.

Check out your quick online home estimate!

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Space Transformation in Your Home: Join Us for A Behind-the-Scenes Staging Walkthrough!

See the YouTube Video!

Dive into our staging walkthrough and unlock the secrets to selling your property faster! See how staging can optimize space, highlight assets, and spark emotions! Don’t miss this chance to create a buyer’s dream by elevating any environment and creating captivating spaces!

Many sellers hesitate to invest in staging as a marketing strategy when putting their homes on the market. It’s because they figure buyers can visualize the space they want, right? 

Put Your Buyer Hat On for A Minute

But if you put your buyer hat on for a minute, and try to visualize the space differently, it’s not so easy. Buyers will often miss seeing the best use of the space, the key assets of the space, and they will miss out on the positive emotional impact of the space, all of which staging can provide. 

So I wanted to show you a few video examples, and you can see for yourself. 

The Dining Room Is Set for Guests

The first example is the beautifully staged dining room. It shows that there’s ample space for seating and that it’s conveniently located just off the kitchen. The light colors are attractive and lighten the space, and the decorative and delicate vase of branches shows off the bay window and an area for a side table. The art on the wall and centerpieces down the centerline of the table give an emotional feeling, like, hey, I would like to entertain here someday!

The Living Room Showcases Its Inviting Features

The key features in the living room are that it has a beautiful raised tray ceiling, a lovely gas fireplace, ample seating, and sliders to the deck outside. The staging showcases these features by using simple lines with light colors and a painting that brings the eye right up and over to the fireplace. A bright green throw blanket on the sofa is a splash of color that pulls the eye to the doors and the view outside. The staging also shows that there’s plenty of room for seating with two large sofas and plenty of room to spare. The only thing I might have done differently is use a club chair on each side of the sliders so that the views are straight out to the side instead of a sofa blocking it. This coffee table also features beautiful books about global travel that speak to an aspirational lifestyle that everyone wants to have! 

The Primary Bedroom Is a Luxurious Sanctuary

Staging in the primary bedroom is soft and luxurious. It shows an oversized bed with a tall headboard. The light pictures on either side of the bed bring the eye upward toward the high ceiling. And the throw blanket brings the eye to the window and a nice deck outside. Last, but not least, there are some little accessories on the dresser like perfume and flowers that make you feel like you’ve just about moved in! 

The Second Bedroom, Previously Used as An Office, Reclaims Its Function

The second bedroom used to be set up as an office, but now it’s staged to show that it can sleep two. And the bright colors and mirrors emphasize the ample natural light and give a feeling of fun. 

The Open Lower Level Gains Three Functional Spaces…And The Office Returns

The lower level is big and spacious. But it’s hard to determine how to make the best use of it unless this is not illustrated. So three functional areas were set up by the stager. There is an office with a window. There is a beautiful seating area with a fireplace and sliders that go to the outside along with a bookshelf area. And there is a beautiful exercise area. The three functional areas are visually separated yet also linked together with matching colors and a consistent design theme, in this case, horses!

The Staging Strategy Accomplished Four Key Objectives

  • Show the ideal use of the space.
  • Highlight the assets.
  • Evoke a powerful and positive emotional response.
  • Create a fabulous setting and generate beautiful digital media that is strategically distributed to attract the largest matching pool of buyers.

Staging is just one component used in the successful sale of a home. Here’s the full story of selling a luxury condo in Westport CT.

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#stagingtips #RealEstate #SellFaster #DreamHome #DigitalMedia #PropertyMarketing


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Fairfield and Westport Real Estate Market: March 2024 🌱


Will the market bring March Madness? 🏡 😅

We’ve entered Daylight Savings Time, and Spring is so close, we can taste it! 🌱

Here’s a quick look at what happened last month in our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in February 2024.

Prices were up.

  • Sale prices averaged 100% of asking in Fairfield and 107% in Westport.
  • The median sale price in Fairfield was $820,000, up 37.8% compared to February 2023. The median sale price per square foot was up 6.5% to $373. In Westport, the median sale price was $1,600,000, down 1.5%, and the median sale price per square foot was $534, which was up 5.1% from last February.

Pace was down.

  • Days on market averaged of 56 days in Fairfield and 67 days in Westport, so two-to-three months in general.
  • Unit sales were down 21.1% in Fairfield and 40% in Westport compared to February 2023. Inventory was also down with just 111 single-family homes for sale in Fairfield and 77 in Westport.
  • The months of supply metric was up from February 2023 but still in the two-to-three-month range in both towns. This was the result of a slower rate of sales.

What does it mean?

The market in February showed continued low inventory which is the biggest rate-limiting factor right now. Buyer demand also continued despite the inventory shortage which maintained upward pressure on prices. But rates are back into the 6s, and there is pent up demand on all fronts for people to make a move to a better suited lifestyle.

Bottom line.

People buy and sell in every season and in every market. So embrace your new lifestyle goals if the right time for you is now. Your agent’s expert guidance will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is still solid competition and a relatively short window before sellers accept offers. So you must be ready to make an informed decision if you see a home that meets your top criteria. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Will a little healthy March madness motivate you to make your move? Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – FEBRUARY 2024


WESTPORT SINGLE-FAMILY – FEBUARY 2024

To review last month’s market report, click here.

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William Raveis Local Housing Data


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Fairfield and Westport Real Estate Market: February 2024 ❄️💫

As we plug away toward spring, let’s take a quick look at what happened in the first month of the year our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in January 2024.

Prices were up.

  • Sale prices averaged just under 100% of asking in Fairfield and 101% in Westport. This is about the same as January when both ratios were 100%.
  • The median sale price in Fairfield was $805,000, up 36.4% compared to January 2023. The median sale price per square foot was up 7.9% to $341. In Westport, the median sale price was $1,850,000, up 16.4%, and the median sale price per square foot was $482, which was up 15.4% from last January.

Pace was down.

  • Days on market increased from 48 in November to an average of 63 days in Fairfield and 74 days in Westport. This is approximately 30% more time on the market than last December in both towns.
  • Unit sales were down 13.5% in Fairfield and 5% in Westport compared to January 2023. Inventory was also down with just 100 single-family homes for sale in Fairfield and 83 in Westport. There were seven new listings in Fairfield and six in Westport at the time of this post.
  • The months of supply was up from January 2023 but still in the two-to-three-month range in both towns. This is the result of a slower rate of sales, and due to an influx of homes coming on the market. 

What does it mean?

The market in January showed the continued trend of low inventory with ongoing buyer demand which maintained upward pressure on prices.

Bottom line.

People buy and sell in every season and in every market. So you can embrace your new lifestyle goals if now is the right time for you. The expert guidance of your agent will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is still solid competition and a relatively short window of time before sellers are accepting offers. So it is important that you are ready to make an informed decision if you see a home that meets your top criteria. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands, because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Do you think this year will be a better time for you to move than last year? Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – JANUARY 2024


WESTPORT SINGLE-FAMILY – JANUARY 2024

← Back

Thank you for your response. ✨

William Raveis Local Housing Data