Fred Corey's Real Estate Blog

RE/MAX Holds 99.9% of the National Share of Voice in TV Advertising for Q1 2009!

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Tue, 23 Jun 2009 14:38:53 -0700

RE/MAX Holds 99.9% of the National Share of Voice in TV Advertising for Q1 2009!

RE/MAX continues to lead the way in national television advertising at a time when competitors are cutting back on spending and even canceling entire national campaigns. Nielsen Media's first quarter 2009 research showed RE/MAX holding 99.9% of the national share of voice in television advertising, with an estimated 1.2 billion viewer impressions. That means that nearly every real estate commercial that the consumer hears, is about RE/MAX.

No other company can show better exposure to home buyers. Great news for those who want to sell their homes and have them listed with a RE/MAX agent!

Guilford, Connecticut Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 30 Apr 2009 23:41:27 -0700

Everyone wants to know how the real estate market is doing. If you watch the nightly news you might think that homes sell for half of what they did two years ago, that half of all homes are on the market and no one is buying them. Well, that is not the case. We have been fairly fortunate in Connecticut since our real estate market has come down in price much less than other areas, and the inventory levels are not as high as other areas.

Here in Guilford there are currently 197 single family homes on the market. That is up slightly than in years past, but not a huge increase. Of those homes currently for sale, the median asking price is $575,000. Of course that is just part of the story.

Looking forward, we currently have 40 single family homes under contract in Guilford. You will never hear the nightly news point out something like this - 17% of the homes for sale in Guilford are under contract to be purchased! That's not too bad at all. Of those homes under contract 17 still have contingencies to be met. The median asking price of the homes under contract is $469,950.

Spring is off to a pretty good start.

Durham, CT Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:58:52 -0800

Inventory is up, sales slow, yet more higher priced homes selling.

Current Market...
Number of single family homes on market: 57
Average Asking Price: $457,578
Median Asking Price: $419,900
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 0, down 100% from 6 homes a year ago.
Median Sales Price: N/A
Months Supply of Inventory: 18.3 months, up 26% from a year ago.

December 2008 Summary -
Sales: 5 homes, down 20% from a year ago.
Median Sales Price: $427,500, up 30% from a year ago.
Months Supply of Inventory: 30.5 months, up 88% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Home sellers can still do well, but it is more important than ever to price realistically and according to the current market. No longer can you look at what sold a few months ago and set your asking price by that. Current competition is more important than ever.

With so many options for buyer's they are looking for the best value and prime properties, that means it is also critical to have your home properly prepared and staged. Trying to sell a home that needs work and updating can cost you a lot more than preparing and making it ready for sale.

While statistics can be useful, it is important to keep in mind that the sold statistics reflect just the homes sold in that time frame, and do not reflect a change in the overall value of all property in town. Current Market reflects the homes currently available, and what home sellers are asking for them. To find out how the market value of your specific home is affected call Fred Corey at (203) 500-0873.

East Haven, CT Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:56:17 -0800

Drop in median sales price, but also a reduction in inventory. Could signal the low-point in pricing.

Current Market...
Number of single family homes on market: 142
Average Asking Price: $254,542
Median Asking Price: $239,900
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 14 homes, up 133% from a year ago.
Median Sales Price: $178,000, down 19% from a year ago.
Months Supply of Inventory: 9.8 months, down 27% from a year ago.

December 2008 Summary -
Sales: 14 homes, down 30% from a year ago.
Median Sales Price: $204,950, down 5% from a year ago.
Months Supply of Inventory: 9.1 months, down 34% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Farmington, CT Real Estate Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:53:12 -0800

Sales volume picking up, median price fluctuates substantially due to the small number of homes sold and wide price range in town, and inventory is substantially down.

Current Market...
Number of single family homes on market: 117
Average Asking Price: $921,276
Median Asking Price: $574,923
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 9 homes, up 12% from a year ago.
Median Sales Price: $545,000, up 32% from a year ago.
Months Supply of Inventory: 9.7 months, down 20% from a year ago.

December 2008 Summary -
Sales: 11 homes, up 22% from a year ago.
Median Sales Price: $315,000, down 29% from a year ago.
Months Supply of Inventory: 15.1 months, down 51% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Meridan, CT Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:40:51 -0800

Sales volume is down, median price appears to be leveling off, and inventory level has fluctuated.

Current Market...
Number of single family homes on market: 272
Average Asking Price: $222,694
Median Asking Price: $199,900
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 20 homes, down 31% from a year ago.
Median Sales Price: $183,750, down 3% from a year ago.
Months Supply of Inventory: 9.5 months, down 37% from a year ago.

December 2008 Summary -
Sales: 25 homes, down 26% from a year ago.
Median Sales Price: $155,000, down 19% from a year ago.
Months Supply of Inventory: 17.7 months, up 62% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Middletown, CT Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:30:20 -0800

Sales volume is down as is median sale price. Inventory level has fluctuated with a large drop in January.

Current Market...
Number of single family homes on market: 180
Average Asking Price: $304,603
Median Asking Price: $274,900
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 11 homes, down 42% from a year ago.
Median Sales Price: $174,000, down 29% from a year ago.
Months Supply of Inventory: 6.2 months, down 24% from a year ago.

December 2008 Summary -
Sales: 19 homes, up 46% from a year ago.
Median Sales Price: $220,000, down 2% from a year ago.
Months Supply of Inventory: 15.3 months, up 15% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

New Haven, CT Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:27:01 -0800

Sales volume is still down with fluctuations in median sale price. Inventory level has fluctuated with a substantial drop in January.

Current Market...
Number of single family homes on market: 229
Average Asking Price: $211,450
Median Asking Price: $185,000
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 14 homes, down 12% from a year ago.
Median Sales Price: $150,000, up 19% from a year ago.
Months Supply of Inventory: 12.9 months, down 1% from a year ago.

December 2008 Summary -
Sales: 25 homes, down 11% from a year ago.
Median Sales Price: $179,000, down 15% from a year ago.
Months Supply of Inventory: 18.8 months, down 30% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

North Haven, CT Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:23:41 -0800

Sales volume is still down with minor fluctuations in median sale price. Inventory level has fluctuated with a substantial jump in January.

Current Market...
Number of single family homes on market: 112
Average Asking Price: $488,158
Median Asking Price: $342,450
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 6 homes, down 25% from a year ago.
Median Sales Price: $278,500, down 15% from a year ago.
Months Supply of Inventory: 28.2 months, up 155% from a year ago.

December 2008 Summary -
Sales: 15 homes, no change from a year ago.
Median Sales Price: $307,500, down 4% from a year ago.
Months Supply of Inventory: 10.7 months, down 36% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Wallingford, CT Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:19:12 -0800

Sales volume has fluctuated with substantial fluctuations in median sale price. Inventory level has been dropping slightly.

Current Market...
Number of single family homes on market: 173
Average Asking Price: $347,499
Median Asking Price: $325,000
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 13 homes, down 13% from a year ago.
Median Sales Price: $197,500, down 29% from a year ago.
Months Supply of Inventory: 10.2 months, up 40% from a year ago.

December 2008 Summary -
Sales: 14 homes, down 46% from a year ago.
Median Sales Price: $345,000, up 18% from a year ago.
Months Supply of Inventory: 15.1 months, up 31% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Southington, CT Real Estate Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:16:19 -0800

Sales volume has fluctuated with substantial fluctuations in median sale price. Inventory level has been dropping slightly.

Current Market...
Number of single family homes on market: 178
Average Asking Price: $347,615
Median Asking Price: $311,950
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 13 homes, down 35% from a year ago.
Median Sales Price: $322,000, up 5% from a year ago.
Months Supply of Inventory: 8.7 months, down 2% from a year ago.

December 2008 Summary -
Sales: 20 homes, up 54% from a year ago.
Median Sales Price: $230,000, down 12% from a year ago.
Months Supply of Inventory: 7.9 months, down 9% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

The Greens, Branford 2 Bedroom Condo at Bargain Price

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 23:01:23 -0800

Fred Corey | RE/Max Alliance | (203) 500-0873

4 Peddlars Drive, Branford, CT

Great Price for a two-bedroom condo at The Green!

2BR/1.5BA Condo

offered at $186,900

Year Built	1975
Sq Footage	1,118
Bedrooms	2
Bathrooms	1 full, 1 partial
Floors	2
Parking	1 Car garage
Lot Size	Unspecified
HOA/Maint	$274 per month

DESCRIPTION

Price dramatically reduced on this spacious and open two bedroom condo. Newer appliances in the kitchen. Fireplace in living room. Garage. Additional 500 sq.ft. in lower level family room with wet bar. Deck overlooking playscape, close to pool and tennis courts.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Walk-in closet	Tile floor	Family room
Living room	Dishwasher	Refrigerator
Stove/Oven	Basement	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio

COMMUNITY FEATURES

Garage parking	Guest parking	Clubhouse
Swimming pool(s)	Tennis court(s)	Playground

ADDITIONAL PHOTOS

Seller contact info:

Fred Corey

RE/Max Alliance

(203) 500-0873

For sale by agent/broker

Equal Opportunity Housing

Posted: Feb 2, 2009, 1:57pm PST

13 Hampton Park, 3 Bedroom at Woodland Hills, Branford, CT

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 22:57:55 -0800

Fred Corey | RE/Max Alliance | (203) 500-0873

13 Hampton Park, Guilford, CT

Move-in ready 3 Bed Condo at Woodland Hills.

3BR/1.5BA Condo

offered at $219,000

Year Built	1973
Sq Footage	1,550
Bedrooms	3
Bathrooms	1 full, 1 partial
Floors	2
Parking	2 Uncovered spaces
Lot Size	Unspecified
HOA/Maint	$305 per month

DESCRIPTION

Spacious 3 bedroom, townhouse at Woodland Hills. With updated kitchen and remodeled baths. Huge eat-in kitchen features a wood burning fireplace. Tastefully decorated, and move-in ready! Additional space in lower level family room that has a built-in bar. Great association recreation area with pool, tennis courts, club house and basketball court.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Tile floor	Family room	Living room
Dining room	Dishwasher	Refrigerator
Stove/Oven	Microwave	Basement
Washer	Dryer	Laundry area - inside
Balcony, Deck, or Patio

COMMUNITY FEATURES

Guest parking	Clubhouse	Swimming pool(s)
Tennis court(s)	Playground

ADDITIONAL PHOTOS

Seller contact info:

Fred Corey

RE/Max Alliance

(203) 500-0873

For sale by agent/broker

Equal Opportunity Housing

Posted: Feb 2, 2009, 2:04pm PST

63 Wood Chase Lane, North Branford, CT

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 22:48:39 -0800

Fred Corey | RE/Max Alliance | (203) 500-0873

63 Wood Chase Lane, North Branford, CT

Elegant Center Hall Colonial

3BR/2.5BA Single Family House

offered at $535,000

Year Built	2003
Sq Footage	3,758
Bedrooms	3
Bathrooms	2 full, 1 partial
Floors	2
Parking	3 Car garage
Lot Size	1.22 acres
HOA/Maint	$0 per month

DESCRIPTION

Over 3,700 square feet of elegance and gracious living space. Featuring 9-foot ceiling, gleaming hardwood floors, large eat-in gourmet kitchen and truly spectacular views. A great home for entertaining! Huge bonus room, a library, a craft/scrapbook room, a home office and so much more. With a three-car garage and full walk-out basement for possible future expansion.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Walk-in closet
Hardwood floor	Tile floor	Family room
Living room	Office/Den	Dining room
Dishwasher	Refrigerator	Stove/Oven
Microwave	Stainless steel appliances	Attic
Basement	Laundry area - inside	Balcony, Deck, or Patio
Yard

OTHER SPECIAL FEATURES

Soaring two-story foyer with grand staircase, makes a wonderful first impression for your guests.

Formal living room with gleaming hardwood floors, elegant crown molding and pillars.

Formal dining room features hardwood floors, crown molding, shadow box molding, chair rail.

Huge Gourmet Kitchen!

Large bonus/family room on first floor.

Master suite with amazing bath and massive walk-in closet.

The craft/scrapbook room has many possible uses, plenty of space whatever your hobbie may be.

The huge home office is currently setup with two separate work stations.

Large walk-out basement for future expansion.

ADDITIONAL PHOTOS

Seller contact info:

Fred Corey

RE/Max Alliance

(203) 500-0873

For sale by agent/broker

Equal Opportunity Housing

Posted: Feb 2, 2009, 1:58pm PST

Guilford, CT Market Update

Fred Corey, Realtor®, ASR, e-PRO (RE/MAX Alliance) — Thu, 05 Feb 2009 22:41:30 -0800

Sales volume is down, median price fluctuates due to the small number of homes sold and wide price range in town, and inventory has also fluctuated.

Current Market...

Number of single family homes on market: 179
Average Asking Price: $722,882
Median Asking Price: $549,000
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 7 homes, down 42% from a year ago.
Median Sales Price: $415,000, up 17% from a year ago.
Months Supply of Inventory: 7.8 months, down 57% from a year ago.

December 2008 Summary -
Sales: 10 homes, down 29% from a year ago.
Median Sales Price: $377,000, down 20% from a year ago.
Months Supply of Inventory: 19 months, up 16% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.