fairfield homes: The Lion and the Gazelle - 05/04/09 01:36 AM
 
A Story from the "Coach":
 
Every morning in Africa,
a Gazelle wakes up.
 
It knows it must run faster than the
fastest Lion or it will be killed.
 
Every morning a Lion wakes up.
 
It knows it must outrun the slowest
Gazelle or it will starve to death.
 
It doesn't matter whether you're
 a Lion or a Gazelle,
 
when the sun comes up,
you had better be running!
 
 
We were trying to find a way to describe how much we hustle for our clients.  This story seemed to capture the … (0 comments)

fairfield homes: High School Economics Class - 01/07/09 08:39 AM

I had the chance to speak at a Fairfield Warde High School Economics Class today.  It was a thoroughly enjoyable experience.  The students in the class had emailed their questions on Real Estate and Real Estate Investments prior to the class. They were wide ranging and the answers provided a good overview of Real Estate. 
Here are the three questions that I used to start the discussion.  I was impressed with how closely they followed the presentation.  I also think it is very good on the part of their teacher that he had to vision to provide this type … (0 comments)

fairfield homes: Fairfield and the Budget Crunch - 01/05/09 04:19 AM
January 5, 2009
The Town of Fairfield and the Budget Crunch
The economy is finally hitting home.  Fairfield, as well as most neighboring towns, is faced with a Budget Crunch.  Revenues this year could fall as much as $3 Million short of the Budget.  There are four main reasons for the shortfall.
Tax Revenue - The slowing economy has also slowed collections.  So rather than collecting the stellar 99% or better as past years, tax revenue is falling short.  This estimated shortfall is based on collection performance for the October Quarterly payments.  It will be important to follow the January and … (0 comments)

fairfield homes: Fairfield and where to Play Golf - 01/04/09 07:05 AM

I often get asked where to play golf....Here is a list of courses that I have had a chance to play in the local area.  They are all Public.  Most are close by.  I have also included two web sites to check other courses in Connecticut for the more adventuresome.  May all your shots be long and straight!
Public Golf Courses
Smith Richardson - Fairfield
South Pine Creek - Par 3 - Fairfield
Fairfield Wheeler - Bridgeport (Fairfield)
Whitney Farms - Monroe
Great River - Milford
Grassy Hill - Orange
Orange Hills - Orange
Tashua Knolls - Trumbull
Longshore - … (0 comments)

fairfield homes: Fairfield Condo Sales - June 2008 - 07/21/08 06:36 AM
Fairfield Condo Update
June 2008
There has been much discussion of the downturn in Single Family home sales.  Let's take a look at Condos.  Condos in Fairfield have traditionally been 10-14% of the sales of Single Family Homes.  With Single Family home sales trailing last year by 42%, Condos seem to be following suit.  Prices are off 14 - 18%.  This should create some great opportunity for first time buyers to find a home at a very good discount.  Also, for people looking to downsize, this can be a very good time to find just the right new home. 
 
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fairfield homes: Southport Real Estate - June 2008 Update - 07/21/08 06:25 AM
Southport Real Estate Update
June 2008
Southport has always been a great value....combining historic homes, a scenic harbor, a convenient train station for commuters and its own village center.  This mid year update shows sales off 47% from last year.  Prices too have taken a hit.  The Average Selling Price may be impacted by the small number of homes sold but the Median is showing a significant drop compared to last year.  So while the overall market is off, the highend has really slowed down. 
 
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fairfield homes: Historic Stratfield Colonial - 07/11/08 08:17 AM
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fairfield homes: 3BR Ranch on a Cul de Sac in University Area - 07/11/08 08:10 AM
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fairfield homes: Welcome to the Fairfield University Area - 07/11/08 08:06 AM
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fairfield homes: Welcome to the best value in Fairfield - 07/11/08 08:02 AM
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fairfield homes: Great Condo Alternative in Fairfield - 07/11/08 07:57 AM
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fairfield homes: Fairfield Real Estate and Home Sales Update - June 2008 - 07/06/08 11:30 PM
Fairfield Real Estate and Home Sales Update
June 30, 2008
Here we are at the halfway point for the year.  We still find buyers sitting on the sidelines.....waiting and then waiting some more.  The slowdown on home sales continues with closings off 42% from last year.  Prices are lagging 5-10% behind last year too. 
Hopefully, the second half of the year will see a turnaround.  We have record inventory of homes for sale, interest rates at all time lows and falling prices on homes.  There are some great values on the market.  This should be a good time for buyers to … (0 comments)

fairfield homes: Rental Update for Fairfield, CT March 2008 - 04/27/08 03:05 AM
Fairfield Rental Market Update
March 2008
With all the turbulence in the Sales sector, we have been getting asked what is happening with Rentals - so here is a quick update from the first three months of the year.  This market data is for yearly rentals that are unfurnished.  This is the largest segment of the market and should provide the best information on trends.  We included rentals of all types and all numbers of Bedrooms.
Overall, the Rental segment is surprisingly stable.  The units rented for the past three years are relatively consistent.  The Median Rental Price and the Average Rental price seem … (0 comments)

fairfield homes: Greenfield Hill Update - March 2008 - 04/26/08 10:22 AM
Greenfield Hill Update
March 2008
Greenfield Hill is off to a slow start to 2008 just like the rest of Fairfield and the surrounding region.  Unit Sales are off 32%.  The Median Price came in higher than the Average Selling Price demonstrating the slow demand in the highend property segment.  In fact, the highest sale in Fairfield's Estate neighborhood came in at just over $1.8 million.  You would think that Greenfield Hill buyers are somewhat insulated from the short term ups and downs of our economy.  However, this year it looks like everyone is taking a wait and see approach to buying.
 
 
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fairfield homes: Fairfield Condo Sales - March 2008 - 04/26/08 09:20 AM
Fairfield Condo Update
March 31, 2008
The Condominium market is not faring any better than Single Family homes.  Unit sales are off 39% from last year.  This is a big decline over the first three months of the year.  Prices are down too.  This is showing that the trend to build Luxury Duplexes may be over - at least as far as consumers are concerned.  The Median Price is down 19% from 2007.  This would seem to be telling us that the slow down in the market is impacting all price ranges from Single Family Homes to lower priced Condos.
 
 
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fairfield homes: Trumbull Real Estate Trends - 04/26/08 02:11 AM
Trumbull Housing Inventory Trend
April 2008
The numbers are pretty clear.  The slow start to home sales in 2008 has inventory levels moving from 11% below last year to 7% above in just four months.  The number of homes on the market is approaching historical highs.  With this much selection and low interest rates, Buyers should be able to find some great deals.   However, they still seem to be waiting for lower rates and lower prices in the months ahead.
 
 
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fairfield homes: Trumbull Real Estate and Home Values - March 2008 Update - 04/19/08 06:46 AM
Trumbull Home Sales and Real Estate Update
March 30, 2008
Trumbull Home Sales have taken it on the chin in the first quarter of 2008.  Sales are off 29% for Jan, Feb and March compared to the same period last year.  This slow down in sales is translating into better prices and better value for buyers.  Trumbull Real Estate has never looked so good to buyers.  With the Median Price down 17% from 2007, buyers are getting better deals than ever.   The only question remaining is when will buyers be returning to the market?  With low prices and low interest rates, we would … (0 comments)

fairfield homes: Bridgeport Real Estate and Home Sales Update - March 2008 - 04/19/08 06:27 AM
Bridgeport Real Estate and Home Sales Update
March 30,2008
Home Sales in Bridgeport continue to fall.  The number of homes sold is running almost 50% below the total from just two years ago.  There appears to be increasing price pressure on Sellers with both Median Price and Average Sales Price running well below last year.  For buyers, this means there are some great values to be had in the market.  The overall story in Bridgeport remains a positive one but there are some short term budget issues facing the city. 
 
 
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fairfield homes: The Importance of Location - 04/19/08 05:20 AM
The Five Levels of Location
Location is the most important criteria in valuing Real Estate.  However, there is a priority and weighting to each level.  Each level should be considered in valuing a property.
 •1.     The Town
 •2.     The Neighborhood
 •3.     The Street
 •4.     The location of the Lot on the Street
 •5.     The location of the House on the Lot
  
This explanation was developed by the TETREAU Real Estate Group to assist our clients.
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fairfield homes: Market Analysis - How to - 04/19/08 04:55 AM
CMA Preparation Guidelines
These guidelines were prepared by the Tetreau Real Estate Group to assist our clients in understanding the steps we go through to develop an accurate market value for their property.
Supporting Documents
•·         CMA Checklist
•·         Five Levels of Location
•·         Salability Checklist
•1.      Review all sales on the street for the past 24 months.
•2.      Review all sales of similar style homes in Neighborhood for past 12-24 months.
•3.      Review all homes for sale, bindered or pending in the Neighborhood.
•4.      For Fairfield, the neighborhood is the surrounding 10-12 streets unless otherwise better defined.
•5.      After location, the next most important feature of a home is the … (0 comments)

 
Mike Tetreau, ABR, CRS, GRI,  Sales Vice President (William Raveis Real Estate - Fairfield, CT)

Mike Tetreau

ABR, CRS, GRI, Sales Vice President

Fairfield, CT

More about me…

William Raveis Real Estate - Fairfield, CT

Address: William Raveis Real Estate, 2525 Post Road, Southport, CT, 06890

Office: (203) 255-6841

Mobile: (203) 520-8318

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