fairfield real estate: Good News for Fairfield Real Estate
- 09/05/09 05:47 AM
Just in Time for Labor Day.....More Good News! Fairfield Home Sales are catching up to last year and now only trail by 16%. 314 Single Family homes have sold so far this year compared to 372 for the same period in 2008. Unfortunately, this is still only about half the 601 homes that had sold in 2007. Prices seemed to have stabilized too. The Average Selling Price this year is $726,722. This is 9% lower than last year's $797,330. It also trails the $877,530 Average from 2007 by 17%. There are 448 Homes for sale in Fairfield ranging in … (0 comments)
fairfield real estate: Stratfield Neighborhood Update
- 08/31/09 03:38 AM
Through July 31st, 37 Single Family homes have been sold in the Stratfield Neighborhood. This is down 30% from the prior year when 53 homes sold. This total is off 46% from the 68 homes that sold in 2007. It appears that the "train station effect" has not had a big impact. Fairfield is building a third train station much closer to this neighborhood which should attract more commuters. Let's take a look at how prices are holding up. The Average Selling Price so far this year is $461,432. This value is 17% below the 2008 Average Selling Price of $553,714. There are currently 43 … (0 comments)
fairfield real estate: Fairfield's University Area Real Estate Update
- 08/30/09 07:03 AM
Yes it is a tough Real Estate Market but Fairfield's University Area is out performing most towns and neighborhoods. The University Area refers to those homes surrounding the Fairfield University Campus. Through July 31st, 55 Single Family homes have been sold. This is up 8% over the prior year. That's right more homes have been sold. Unfortunately, the number of sales is still far below the 97 homes sold in 2007. The University Area has always been in top demand due to its proximity to Fairfield's Downtown Train Station. Amazingly, prices seem to have held up too! The Average Sales … (0 comments)
fairfield real estate: Greenfield Hill Real Estate Update
- 08/29/09 06:03 AM
The recent slowing in sales has hit the prestigious Greenfield Hill neighborhood too. This section of Fairfield is home to some of the largest properties and estates in town. As of July 31, 31 Single Family homes have been sold. This is down 25% from the homes sold last year. It is a decrease of 55% from the 69 homes that sold during this period in 2007. The Average Selling Price for the year is $1,183,563. This compares to an average for last year of $1,319,107 or a 10% decline. It is off 18% from the same period in 2007 … (0 comments)
fairfield real estate: Beach Area Update
- 08/28/09 04:48 AM
The Fairfield Beach Area has traditionally been one of the strongest Real Estate markets in Town. Buyers who wanted to be close to the water and preferred New Construction really drove this market for the last ten years or more. Through July 31st of this year, 38 Single Family homes had been sold. This is down 10% from last year and 43% from the 67 homes that sold in 2007. The Average Sales Price came in at $775,882. This a decline of 20% from last year's Average of $995,554. This Analysis is based on data from the Greater … (0 comments)
fairfield real estate: Southport Real Estate Update
- 08/26/09 05:23 AM
The last two years have not been kind to Southport Real Estate. 21 Homes sold so far this year....down 22% from last year and down 54% from 2007. Median price is up 6% over last year but down 16% from 2007. The increase over last year may be just a function of too few homes being sold. Avg Selling Price is off 11% from last year and a whopping 46% from 2007. The Average Price in 2007 was $1,790,685. Southport is a great example of the current problem in the Real Estate market. Simply, it is a lack of buyers. Southport … (0 comments)
fairfield real estate: Tax Free Connecticut!
- 08/17/09 07:31 AM
TAX FREE Sales Week in CT! One-Week Sales and Use Tax Exclusion in August for Clothing and Footwear Under $300 from Sunday, August 16th to Saturday, August 22nd. It is up to everyone to get out there and shop! Support your Town and your State. Save, Save, Save. Special Thanks to State Senator John McKinney for giving us the heads up reminder for this great way to save money. … (0 comments)
fairfield real estate: How to keep things in Perspective
- 08/07/09 02:35 AM
With all the economic news, numbers and statistics coming at us every day, I thought it would be good to keep all the numbers in perspective and not to let them age us too fast. Here is one of my favorite pieces to help keep all these numbers from overwhelming us. Hope this brings a smile to your face, too! HOW TO STAY YOUNG (by George Carlin)1. Throw out nonessential numbers. These include age, weight and height. Let the doctor worry about them. That is why you pay him/her.2. Keep only cheerful friends. The grouches pull you down.3. Keep learning. Learn more about the computer, crafts, … (0 comments)
fairfield real estate: Real Estate Update - Good News for Fairfield!
- 08/03/09 02:34 AM
After two of the stronger months for sales in the last year, Fairfield is now only trailing 2008 by 21%. June and July home closings are bringing us back from trailing by up to forty percent earlier in the year. Selling prices seemed to have stablized at 10-15% below last year. The Fed Stimulus programs now seem to be having an impact. First Time Home Buyers only have till December 1st to close on a home to be eligible for the $8,000 Tax Credit program. The rebound is being driven by home sales under $1 Million. The highend segment is still experiencing … (0 comments)
fairfield real estate: Tetreau Recognized as Tops in Sales
- 07/26/09 02:11 AM
Mike Tetreau recognized as Tops in Sales Mike Tetreau was recently named to the company's Chairman's Elite Club by William Raveis Real Estate CEO and Chairman William Raveis. The club is reserved for real estate sales professionals who have achieved over $9 million in real estate sales in 2008. Tetreau and his team were one of the top two sales teams for the Raveis Southport Office. Tetreau was singled out for recognition from among 1,900 William Raveis sales associates in 59 offices throughout Connecticut, Massachusetts and Rhode Island. "All of our sales associates are stars, and the Chairman's Elite Club is … (0 comments)
fairfield real estate: Going Green at Home
- 06/07/09 01:33 AM
How to Go Green and Reduce Your Home's ExpensesGoing green isn't just for environmentalists anymore...it's for all homeowners who want to save thousands when building a new home or updating their current residence. There are a variety of ways to make your home more energy efficient, from simply switching to Compact Fluorescent Light Bulbs (saving about $30 or more in electricity costs over each bulb's lifetime), to installing solar panels (saving up to $2,500 on an average home's annual utility bill). Plus, according to the Appraisal Institute, for every dollar saved on a property's utility bill, a home's appraised value increases … (0 comments)
fairfield real estate: First Time Home Buyers Update
- 05/29/09 07:40 AM
Gov't allows short-term loans for tax credit By ALAN ZIBEL AP Real Estate Writer Updated: 05/29/2009 03:26:04 PM EDT WASHINGTON-Thousands of first-time homebuyers will be able to get short-term loans so they can quickly make use of a new $8,000 tax credit to pay for some of the costs of buying a home. The Federal Housing Administration on Friday released details of a plan in which borrowers who use FHA loans can get advances from lenders that let them effectively receive the credit in advance, so they don't have to wait to get the money from the Internal Revenue Service. … (0 comments)
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