fairfield real estate: Thanksgiving and Football
- 11/19/08 02:45 AM
Thanksgiving and Football go together like ice cream and Apple pie. Maybe not for everyone but definitely an American Classic. The Town of Fairfield has its own version. The two local high school football teams meet at 10:30AM at Tetreau Davis Field on the Fairfield Warde High School campus. This game has a very personal flavor for me. My Dad was the first football coach at Andrew Warde High School. The name that was given this high school when Fairfield first expanded to two high schools. The other was Roger Ludlowe High School. While my Dad was coaching on one sideline, … (2 comments)
fairfield real estate: A Home for the Holidays?
- 11/18/08 04:48 AM
What better time to buy than now? We all need a place to live. We have to pay rent or pay a mortgage. The Federal Government still provides tax benefits to interest on mortgage payments. So financially, the equation still favors owing a home. This doesn't even mention that Interest Rates are at historical lows. Lock in now. There are more homes on the market than normal. Lots of choices means lots of competition. Homeowners are competing for Buyers. This is the time to find the best deals. Especially with winter coming and most owners not wanting to wait till the … (0 comments)
fairfield real estate: Fairfield Real Estate & Home Sales Update - October 2008
- 11/08/08 02:57 AM
Fairfield Update October 2008 Halloween may be over but the scary Real Estate market hasn't come to an end. The yearlong story continues with the same theme - 31 percent fewer homes have sold than at this time last year. Median Sales Price appears surprisingly stable though Average Sales Price is off by 12 percent. This reflects a slower market for high end homes. The numbers may be stable but "the reality" of the story behind the numbers is that buyers are getting a lot more home for their money today. Prices are really off ten percent or more. From what … (0 comments)
fairfield real estate: Fairfield Tax Rates
- 07/28/08 04:07 AM
Well the tax rates are now all set. The new fiscal year has begun for Fairfield and its neighboring towns. Here is a quick snapshot of some of the Mil Rates that area towns are using. This Mil Rate number is multiplied times the Assessment of the property to set the taxes owed for the year.
Bridgeport - 44.58 Easton - 21.6 Fairfield - 18.58 Stratford - 30.51 Trumbull - 23.86 The properties are assessed every five years to redistribute the tax burden. The Mil Rage is adjusted every year to raise taxes to meet the expense budget of each … (0 comments)
fairfield real estate: Fairfield Rental Update - June 2008
- 07/26/08 04:36 AM
Fairfield Rental Market Update June 2008 While home sales are taking a tumble, the rental market is doing quite nicely. Units rented are running 11% up over last year and a eye popping 25% up over 2006! The statistics are for yearly unfurnished rentals as reported by the Greater Fairfield County MLS. Rental prices while stable compared to last year have grown 6-10% over 2006. So as you might expect, buyers are turning into renters. They are prepared to wait out the turmoil in the mortgage and credit markets with temporary housing. The good news here is that once things turn … (0 comments)
fairfield real estate: Osborne House Property in Southport, CT
- 07/25/08 03:38 AM
Osborne Property (aka 909 Kings Hwy West) Some Observations and Questions... The Town of Fairfield is currently considering a financial arrangement with a builder on the purchase of a building lot and the covenant to require certain deed restrictions on the historic home at 909 Kings Highway West in Southport. Here are some of the issues: The property is currently listed for Sale and Rent There are 7 total listings on the MLS Lot A is the furthest from the corner of Kings Hwy and Oxford and not under discussion. Lot B contains the house. Lot C is the corner lot … (0 comments)
fairfield real estate: Fairfield Real Estate Update - Stratfield June 2008
- 07/25/08 01:05 AM
Stratfield Neighborhood Update June 2008 The Stratfield Neighborhood of Fairfield is a shining light in the current gloom surrounding the local Real Estate market. It is easily out performing it's other highly touted neighborhoods in Fairfield like Southport, Greenfield Hill, the Beach Area and the University Area. Being down 15% from last year may not sound great but when the town overall is down 42%, this makes Stratfield a real standout for value! And prices still seem to be appreciating.....another amazing strong point that is sure to make local homeowners smile. Stratfield has a distinct heritage and character valued by home buyers. … (0 comments)
fairfield real estate: 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 real estate: 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.
fairfield real estate: Fairfield's University Area - June 2008
- 07/18/08 03:07 AM
Fairfield - University Area Update June 2008 The Fairfield neighborhood known as the University Area is generally a haven for commuters due to its proximity to the downtown train station. Some buyers literally time their drive to the station before committing to purchase. A time in the single digits of minutes is a valuable feature to those that live and die by the train schedule for trips to NY City. It is a real surprise to see this neighborhood off 53% from last year in closings. With a average of 6 sales per month and 78 homes on the market, this … (0 comments)
fairfield real estate: Fairfield Real Estate Update June 2008 - The Beach Area
- 07/17/08 12:27 AM
Fairfield - Beach Area Real Estate Update June 2008 The Beach Area has seen tremendous growth in recent years. It has been prime area for "tear downs" and rebuilds. Zoning Regulations have been modified to limit the size of newly built & newly rebuilt homes. Now it seems the market has caught up with the Beach Area too. Sales are off 49% from last year. This is one of the steepest declines in town. There have been 31 Sales in the first six months of the year. This is an average of only 5 homes sold per month. With 74 homes … (0 comments)
fairfield real estate: Greenfield Hill Real Estate - June 2008 Update
- 07/16/08 09:12 AM
Greenfield Hill Neighborhood Update June 2008 The slow market is hitting all segments and neighborhoods of Fairfield. Greenfield Hill one of the most desirable neighborhoods in town and the location for many of the larger estate properties is feeling the impact of the current real estate slump. Home Sales are off 43% from last year for the same period. With 86 homes on the market and sales of 5 per month so far this year, we are looking at an average market time of over 17 months. This makes planning to move a rather challenging adventure....
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