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!
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!
In this intensely competitive buyer’s market, you need to be truly ready to buy and have the competitive edge of a committed agent on your side. If you’re like most, buying a home is a huge endeavor for you. You owe it to yourself to be fully committed and have a cohesive plan and expert advocate on your side. This is especially true if you are coordinating your purchase and your sale.
Consider these eight factors for successful home-buying in the current real estate market.
Make Sure You Are Truly Prepared. Ryan Raveis, Co-President of William Raveis, Inc. recently spoke at the Luxury Portfolio International Summit in Las Vegas and shared four recommendations from top real estate economist, Dr. Marci Rossell for being prepared: First, be financially ready. Second, be emotionally ready, and know what size, style and price home you want. Third, have a sense of urgency, because most of the competing buyers do. And forth, bring your desire to compete!
Have an Expert Guide Who Knows What You Want. You should hire a Realtor before you do anything else so that you will have a dedicated guide who understands your preferences, tastes, and priorities as you start your search. This will enable your agent to make your process focused and efficient.
Be the First to Know. There are numerous buyers looking to pursue the same listing you want in this market. Agents send listings to the clients who have hired them for their home search before sharing with buyers who sign a buyer agreement at the last minute on the way to a showing. These properties can be homes for sale privately in-house and coming soon that agents may learn of through their office, and network. Your agent can also reach out directly to owners of off-market homes that interest you.
Get Help Assembling Your Team. Your agent will help you assemble your extended team of professionals including your lender, attorney, and inspector.
Ensure Your Confidentiality Is Protected & Get the Inside Scoop. Enjoy confidentiality of the information you provide about your priorities and motivations, knowing it is protected from competitors. You may also benefit from learning inside information your agent hears about. Confidentiality and disclosure are reserved for clients that have a representation agreement in place.
Get Information You Need to Make Informed Decisions. When you find a property you want, your agent will provide you with information you need such as property disclosures, maps, fuel tank status, wetlands, improvements, flood information, sale history, and comparable sales so you feel comfortable making your choices.
Get In-depth Support From Start to Finish Line. Your agent will be your trusted guide during the entire process of your home purchase. This means,
Targeting your search so you don’t waste time or miss out on a home you like
Explaining your options for making an offer that is favorable to you and also most likely to be accepted by the seller
Negotiating for you during your offer and after inspections
Monitoring the critical steps once you have an accepted offer
Being there to answer your questions and calm emotions that often go with this monumental purchase
Enable Your Agent To Do the Best Job For You. Last, but not least, your Realtor is a professional with extensive training, experience, resources, and expertise who is investing significant time and passion into achieving your success. You want to work with them in a way that allows them to do the best job for you. Team-up with your Realtor for your home run!
You are now on the best path to your exciting new home!
Ifyour 2022 New Year’s resolution Includes more pickle ball, you’ll be glad to know that “pickle ball for all” was the most popular vote at this town meeting.
The Fairfield Parks and Recreation department hosted a town meeting at Fairfield Ludlowe High School at the end of November to ask residents for their input regarding what they would like to see regarding park facilities, recreation, ⚽️🏀🥎 and events. This input was part of the process of building a longterm plan.
There was a Strong Turnout and Professionally Facilitated Discussion
The meeting, facilitated by a professional team, had participants break into small groups to discuss and tally responses. Each small group discussion was led by a facilitating team member, and each small group shared their input with the full participation at the end of the meeting.
Many Great Ideas Were Discussed
There was discussion about adding cement walkways at the beaches, more bike lanes, more functioning restrooms in the winter, more dog parks, a large field house (possibly in the vacant lot along Grasmere Avenue, adding more basketball and pickle ball courts, and of course, my request for a clearer process for implementing flash mobs 💥 💃🕺🏻around town to further integrate the arts into the community 🙂 ! …So flash mobs didn’t get the most votes, but pickle ball courts did! 🤷♀️
This process contributed to the creation of a comprehensive Parks and Recreation Master Plan to develop a vision reflecting the needs and priorities of the community and a roadmap for implementing that vision over the next ten years..
It can be fun to shop for gifts during the holidays and closing gifts for clients. But the experience is taken to a whole new level when shopping at Terrain in Westport, Connecticut.
The vibe is warm, festive, beautiful, and calming all at the same time. Enjoy the images below from my recent visit in search of the perfect gifts.
Click image for video clip of the garden water features
If your shopping spree works up an appetite, the garden cafe has you covered. Winter or summer, it is always a joy to stop in and browse. Maybe I will see you there soon!
Where did the market go in November? The Westport and Fairfield town-wide sales pace in November, though below that of last November 2020 coming off the Covid spike, was still above that of 2019. Inventory dipped below two-months of supply in Fairfield and stayed at three months of supply in Westport. Low inventory continued to be the most significant limiting factor, and multiple-offers were still happening with many listings. The median sale price in Fairfield was 12% below November 2020 numbers and was up 25% in Westport. Days on market averaged 49 days in Fairfield and 63 in Westport.
Purchasing a home now can award instant equity in addition to exponential savings over the life of a mortgage if home values continue to appreciate and rates begin to creep up as projected by economic experts. Waiting until next year to buy a home could result in a more expensive purchase. Homeowners that sell now can benefit from a larger buyer pool than next year when homes will be more costly for buyers if interest rates increase. Sellers have much less competition in the winter months than during the spring market, and buyers in the winter are very serious.
If you are like many others who want to sell but are still on the fence, this winter still offers an excellent opportunity to make your move. Interest rates and inventory are still low, and buyer demand is still extremely strong. You are right to seek an expert guide to help you put your strategy in place to reach your goal! Call me today to discuss your plans ==> (203) 912-4440.
What Happened in November in these two hot spots, downtown Fairfield and Greens Farms Westport? Check out the following lists of the homes that sold and where homeowners accepted offers. The big charts also show the town-wide stats.
FAIRFIELD DOWNTOWN – Within a one-mile radius of the downtown train.
Below are the 12 single-family closings and seven new accepted offers in downtown Fairfield in November.
SOLD:
NEWLY ACCEPTED OFFERS:
Take a look at the Fairfield town-wide stats from the William Raveis Local Housing Data. Send me a note below if you would like the link to add the LHD shortcut to your phone!
WESTPORT GREENS FARMS
There were three single-family sales and one accepted offer in November in Greens Farms.
SOLD:
NEWLY ACCEPTED OFFERS:
Take a look at the Westport town-wide stats from the William Raveis Local Housing Data. Send me a note below if you would like the link to add the LHD shortcut to your phone!
Call me if you are thinking of making a move in the next 12 months, and we will have a 15 minute consultation to discuss your goals, the market, and whether I can help ===> (203) 912-4440.
Looking at how the market did in October… The Westport and Fairfield town-wide sales pace in October slowed a bit from the previous month, consistent with the seasonal trend, and was also down significantly compared to the Covid spike in October 2020, but the sales pace was still above the same time of year in 2019. Inventory remained at two-months of supply in Fairfield and three months in Westport. Low inventory continued to be the most significant limiting factor in these markets. The median sale price was within 2-3 percent of October 2020 numbers and remained significantly higher than in 2019. Market time was still brisk ensuring a constant refresh of available homes for sale.
Industry experts predict continued appreciation of property values and rising interest rates next year. Purchasing a new home now can award instant equity in addition to exponential savings over the life of a mortgage. Waiting until next year to make a purchase can result in a more expensive purchase. Homeowners that sell now benefit from a larger buyer pool than next year when homes will be more costly for buyers if interest rates go up.
If you are like many others who want to sell but are still on the fence, this fall continues to offer an excellent window to make your move. Interest rates and inventory are still low, and buyer demand is still strong. You are right to arm yourself with an expert guide to help you put your strategy in place to reach your goal! Call me today to discuss your plans ==> (203) 912-4440.
What has sold in these two hot spots? Where are the accepted offers in October and the beginning of November? Check out the scoop below and take a look at the charts showing the town-wide data.
FAIRFIELD DOWNTOWN – Within a one-mile radius of the downtown train.
Looking at single-family sales, there were 14 closings in October. Market activity showed 16 new accepted offers, including three condominiums and one commercial building in October through November 8th in Fairfield’s downtown and beach area.
SOLD:
NEWLY ACCEPTED OFFERS:
Take a look at the Fairfield town-wide stats from the William Raveis Local Housing Data. Send me a note below if you would like the link to add the LHD shortcut to your phone!
WESTPORT GREENS FARMS
There was one single-family sale October in Greens Farms. There were four new accepted offers, all single-family homes between $1-4 million, in Westport’s Greens Farms neighborhood through November 8th.
SOLD:
NEWLY ACCEPTED OFFERS:
Take a look at the Westport town-wide stats from the William Raveis Local Housing Data. Send me a note below if you would like the link to add the LHD shortcut to your phone!
Call me if you are thinking of making a move in the next 12 months, and we will have a 15 minute consultation to discuss your goals, the market, and whether I can help ===> (203) 912-4440.
Fairfield and Westport CT Real Estate Guide 