A new report just released by Inman News details how home buyers ultimately find their new home. The results are not surprising:
36% of all home buyers found the home they purchased through their real estate agent
36% of all home buyers found the home they purchased on the internet
Just with the two items above, a whopping 72% of all recent home buyers found their new home through their agent or through their online searches. Ninety percent of all recent buyers did utilize the internet to look at available homes and assist themselves in their home search process.
Agents often ask why I market so extensively online. I do so because I want my clients' homes to sell. I want those 90% of internet searches to see MY clients' homes. Some agents ask why I also market to my colleagues. Again, I do so because I want my clients' homes to sell.
The report continues:
12% of all home buyers found the home they purchased from a yard sign.
6% of all home buyers found the home they purchased through a friend, neighbor or relative
Don't want a For Sale Sign in your front yard? You may have potentially lost out on 12% of the potential buyers. The photo postcard mailing I send to your neighbors helps us capture an additional 6% of potential buyers for your home.
We've now tackled 90% of the market of potential buyers for your home. Most buyers are now aware of your home.
Where do print ads come in to play? Only 2% of buyers located their new home through a print ad. How about open houses? Not even listed on the report, as while many buyers do visit open houses, they do not typically locate their via these open houses.
So, as agents, where should we focus our time, money and efforts?
I focus my efforts on those 90% of buyers. If you're selling your home, make sure all efforts are focused on these 90% of buyers. The odds of selling will be in your favor
Don Fabrizio-Garcia, REALTOR Real Estate Broker & Appraiser Nationwide Realty
Ridgefield, Connecticut Real Estate Update September, 2009
Closed home sales in Ridgefield, Connecticut:
There were 25 home sales closed in Ridgefield, CT.
The median closed sales price in Ridgefield was $65,000.
On average, these homes sold for 94.1% of their final list price.
Marketing time averaged 249 days on market.
NOTE: 24% of these sales were bank-owned foreclosure properties
This compares with 15 closed sales in September, 2008, with a median sales price of $710,000.
Currently available homes for sale in Ridgefield, Connecticut:
Currently, there are 240 homes for sale in Ridgefield, CT. List Prices range from $229,900 for a small cottage in a lake community to $8,850,000 for a 16,000 square foot contemporary showpiece.
Ridgefield, Connecticut is a wonderful New England town bordering New York's Westchester County. It is popular with those commuting to lower Fairfield County, Westchester County and New York City.
Ridgefield, Connecticut Real Estate Update August, 2009
Closed home sales in Ridgefield, Connecticut:
There were 22 home sales closed in Ridgefield, CT.
The median closed sales price in Ridgefield was $647,250.
On average, these homes sold for 92.4% of their final list price.
Marketing time averaged 112 days on market.
This compares with 23 closed sales in August, 2008, with a median sales price of $690,000.
Currently available homes for sale in Ridgefield, Connecticut:
Currently, there are 240 homes for sale in Ridgefield, CT. List Prices range from $229,900 for a small cottage in a lake community to $8,850,000 for a 16,000 square foot contemporary showpiece.
Ridgefield, Connecticut is a wonderful New England town bordering New York's Westchester County. It is popular with those commuting to lower Fairfield County, Westchester County and New York City.
Bethel, Connecticut Real Estate Update September, 2009
Closed home sales in Bethel, Connecticut:
There were 13 home sales closed in Bethel, CT.
The median closed sales price in Bethel was $359,000.
On average, these homes sold for 97.3% of their final list price.
Marketing time averaged 133 days on market.
This compares with 9 closed sale in September, 2008, with a median sales price of $435,000.
Currently available homes for sale in Bethel, Connecticut:
Currently, there are 97 homes for sale in Bethel, CT. List Prices range from $180,000 for a two-bedroom ranch being sold as a short sale to $1,099,000 for a large colonial on over 5 acres.
Bethel, Connecticut is a quaint New England town with a wonderful pedestrian-friendly downtown area with plenty of shops. Bethel borders Danbury to the west, Brookfield to the north and Redding to the south.
Bethel, Connecticut Real Estate Update August, 2009
Closed home sales in Bethel, Connecticut:
There were 16 home sales closed in Bethel, CT.
The median closed sales price in Bethel was $310,250.
On average, these homes sold for 96% of their final list price.
Marketing time averaged 83 days on market.
NOTE: 31% of this month's sales were bank-owned foreclosure properties. This helps account for the low average days on market.
This compares with 20 closed sale in August, 2008, with a median sales price of $410,000.
Currently available homes for sale in Bethel, Connecticut:
Currently, there are 97 homes for sale in Bethel, CT. List Prices range from $180,000 for a two-bedroom ranch being sold as a short sale to $1,099,000 for a large colonial on over 5 acres.
Bethel, Connecticut is a quaint New England town with a wonderful pedestrian-friendly downtown area with plenty of shops. Bethel borders Danbury to the west, Brookfield to the north and Redding to the south.
New Milford, Connecticut Real Estate Update September, 2009
Closed home sales in New Milford, Connecticut:
Single Family Homes: There were 19 single family home sales closed in New Milford, CT.
The median closed real estate sales price for single family homes in New Milford was $271,000. On average, these homes sold for 95.8% of their final list price.
Days on Market averaged 212 days of market time.
NOTE: 42% of these closes sales were either bank-owned foreclosure sales or pre-foreclosure short sales.
This compares to 17 single family homes closed in September, 2008, with a median closed sales price of $325,000.
Condos: There were 4 condominium sales closed in New Milford, CT.
The median closed real estate sales price for condos in New Milford was $178,500.
This compares to 9 condos closed in September, 2008, with a median closed sales price of $180,000.
Currently available homes for sale in New Milford, Connecticut:
Single Family Homes: Currently, there are 284 single family homes for sale in New Milford, CT. List Prices range from $75,000 for an antique colonial in need of restoration to $5,900,000 for am expansive home on more than 75 acres.
Condos: Currently, there are 96 condos available for sale in New Milford, CT. List prices range from $64,900 to $539,900.
New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County. The town borders the northeastern shores of Candlewood Lake. Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities. New Milford enjoys a population of about 28,000 residents.
New Milford, Connecticut Real Estate Update August, 2009
Closed home sales in New Milford, Connecticut:
Single Family Homes: There were 12 single family home sales closed in New Milford, CT.
The median closed real estate sales price for single family homes in New Milford was $312,500. On average, these homes sold for 92.5% of their final list price.
Days on Market averaged 245 days of market time.
NOTE: 17% of these closes sales were either bank-owned foreclosure sales or pre-foreclosure short sales.
This compares to 14 single family homes closed in August, 2008, with a median closed sales price of $372,500.
Condos: There were 6 condominium sales closed in New Milford, CT.
The median closed real estate sales price for condos in New Milford was $123,500.
This compares to 8 condos closed in August, 2008, with a median closed sales price of $175,000.
Currently available homes for sale in New Milford, Connecticut:
Single Family Homes: Currently, there are 284 single family homes for sale in New Milford, CT. List Prices range from $75,000 for an antique colonial in need of restoration to $5,900,000 for am expansive home on more than 75 acres.
Condos: Currently, there are 96 condos available for sale in New Milford, CT. List prices range from $64,900 to $539,900.
New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County. The town borders the northeastern shores of Candlewood Lake. Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities. New Milford enjoys a population of about 28,000 residents.
Brookfield, Connecticut Real Estate Update September, 2009
Closed home sales in Brookfield, Connecticut:
Single Family Homes: There were 6 single family home sales closed in Brookfield, CT.
The median closed sales price was $427,500. On average, these homes sold for 91.8% of their final list price. Days on Market average 238 days of market time.
This compares to 15 closed sales in September, 2008, with a median closed sales price of $405,000.
Condos: There were 5 condominium sales closed in Brookfield, CT. The median sales price was $229,000.
This compares to 2 closed sales in September, 2008 with a median sales price of $233,500.
Currently available homes for sale in Brookfield, Connecticut:
Single Family Homes: Currently, there are 144 single family homes for sale in Brookfield, CT. List Prices range from $185,000 for an antique cape to $2,195,000 for a newer waterfront home. Condos: Currently, there are 42 condos for sale in Brookfield, CT. List prices range from $147,000 for a one-bedroom unit to $575,000 for a new unit in an active adult community.
Brookfield, Connecticut, is located between Candlewood Lake and Lake Lillinonah, creating a multitude of water recreation opportunities in the town. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. Brookfield enjoys a population of about 16,000 residents.
Brookfield, Connecticut Real Estate Update August, 2009
Closed home sales in Brookfield, Connecticut:
Single Family Homes: There were 13 single family home sales closed in Brookfield, CT.
The median closed sales price was $330,000. On average, these homes sold for 97.2% of their final list price. Days on Market average 199 days of market time.
This compares to 26 closed sales in August, 2008, with a median closed sales price of $408,500.
Condos: There were 6 condominium sales closed in Brookfield, CT. The median sales price was $181,500.
This compares to 3 closed sales in August, 2008 with a median sales price of $290,000.
Currently available homes for sale in Brookfield, Connecticut:
Single Family Homes: Currently, there are 144 single family homes for sale in Brookfield, CT. List Prices range from $185,000 for an antique cape to $2,195,000 for a newer waterfront home. Condos: Currently, there are 42 condos for sale in Brookfield, CT. List prices range from $147,000 for a one-bedroom unit to $575,000 for a new unit in an active adult community.
Brookfield, Connecticut, is located between Candlewood Lake and Lake Lillinonah, creating a multitude of water recreation opportunities in the town. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. Brookfield enjoys a population of about 16,000 residents.
Danbury, Connecticut Real Estate Update September, 2009
Closed home sales in Danbury, Connecticut:
Single Family Homes: There were 24 single family home sales closed in Danbury, CT.
The median closed real estate sales price for single family homes in Danbury was $309,000.
On average, these homes sold for 98% of their most recent list price.
Days on Market averaged 186 days of market time.
This compares with 36 closed sales in September, 2008, with a median closed sales price of $315,000.
*** What is interesting to note is that of these 17% of these sales were either bank-owned foreclosure homes or pre-foreclosure short sales.
Condos: There were 31 condominium sales closed in Danbury, CT. The median closed sales price was $225,000. On average, these homes sold for 96.6% of their most recent list price.
This compares with 36 closed sales in September, 2008, with a median closed sales price of $246,000.
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Currently available homes for sale in Danbury, Connecticut:
Single Family Homes: Currently, there are 290 single family homes for sale in Danbury, CT. List Prices range from $107,500 for a bank-owned colonial to $2,100,000 for a large Candlewood Lake waterfront home with guest house.
Condos: Currently, there are 235 condos available for sale in Danbury, CT. List prices range from $60,000 - $739,000.
Danbury, Connecticut, a former military depot during the American Revolution, is a diverse community of about 78,000 residents that borders New York State to the west and the southern shores of Candlewood Lake. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. Danbury enjoys a convenient commute location to lower Fairfield County and Westchester County, New York. Danbury is situated just about an hour by car to Hartford, Connecticut and New York City.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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