fairfield real estate: Fairfield County Real Estate & Home Values Update - 02/11/08 03:25 AM
Easton Real Estate and Home Values - YTD 2008
The Town of Easton, Connecticut is off to a rousing start.  Now when you sell 80-100 homes per year on average, then selling 9 in January is a great start.  You can see that Closed units are up 50% over last year and far exceed the one house sold in 2006.
It is a little too early and too small a sampling to pay much attention to the Average Selling Price or the Median Sale Price.  The most important takeaway at this time is that it looks like a great start and buyers seem … (0 comments)

fairfield real estate: Fairfield Real Estate and Home Values 2008 - 02/10/08 04:58 AM
Fairfield Real Estate and Home Values 2008
We are starting off 2008 a little on the slow side.  Unit sales are running behind January 2007.   Selling prices are up over last year so that the homes that are selling are hitting the mark for homeowners.  
One component that may be contributing to slower unit sales is the recent Federal Reserve initiative to lower interest rates.  We have seen a significant drop in January but we are also hearing of further decreases.  This anticipation of lower rates and more buying power may be keeping some buyers on the sidelines.
If you would like to … (0 comments)

fairfield real estate: Trumbull Single Family Home Update - 2007 - 02/01/08 10:56 AM
Trumbull Yearend Update 2007
Sales of Single Family Homes
Trumbull has always been known for value.   Just one town past the "last" commuter town of Fairfield, buyers have always found a lot for their money.  So there is the dilemma - either pay of larger mortgage payment in Fairfield or have a longer commute each day to the high paying jobs in Stamford, Westchester County and New York City.
Trumbull is seeing a similar trend to its neighboring towns.   Unit Sales are off almost 20% from 2005.  This represents a small decline from a slow 2006.   Both Median and Average Selling prices have continued … (0 comments)

fairfield real estate: Fairfield Condo Sales - Yearend Update 2007 - 02/01/08 10:35 AM
Fairfield Condo Yearend Update - 2007
Condos in Fairfield come in a wide variety of shapes and sizes from duplex Townhouses to former Apartment Buildings or complexes to Planned Condo Developments.  A recent trend has been to "tear down" a 1950's Cape or Ranch style home and replace it with a New Duplex.  
This trend addressed to consumers desire for living in a new construction home with all the latest amenities - yet at a price far below the cost of New Construction in a Single Family lot.   As an example, a builder might buy a Cape for $450,000.   This Cape would … (0 comments)

fairfield real estate: 2007 Easton Yearend Update - 02/01/08 04:53 AM
Easton Yearend Update
Easton is making a great comeback!  Like most neighboring towns, unit sales volume was off in 2006.  Easton also experienced a slight decline in Median Sales Price and Average Sales Price.  However, 2007 put Easton back in the realm of good years for Real Estate.
Unit Sales were up 17% over the prior year --  About half way back to the 2005 level.  Median Price was up 5% coming in at $760,750.  The Average Selling Price also finished up with a 2% increase over prior year to $848,827.  Both these amounts are slightly under the 2005 levels but definitely show … (0 comments)

fairfield real estate: Westport 2007 Yearend Update - 02/01/08 02:01 AM
Westport 2007 Update
Westport finished another stellar year.  Unit sales held steady at just over 400 homes - not quite up to the 2002-2005 levels.  However, the Average Selling Price and Median Selling Prices continue to appreciate.   The Median Price jumped 7% to $1,383,500 and the Average Price reached a record $1,682,273.  The local economy is strong and Westport like many of the neighboring towns continues to outperform the rest of the nation.
On the Low side, Westport had two sales less than $400,000 both on Crescent Park Road.   These were balanced by 11 sales over $5 Million.   The top two for the … (0 comments)

fairfield real estate: A Piece of Fairfield's Heritage - $575,000 - 01/26/08 10:20 AM
Vintage Colonial in Fairfield
 447 Stratfield Road for sale at $575,000
In need of some TLC but this home is filled with Character - Ready & Waiting for your Updates! This is a Charming Vintage Colonial in Fairfield's well known Stratfield Neighborhood.   You will love all the woodwork and details from the wide plank floors in the Kitchen to the two working Fireplaces (one in the Kitchen and one in the Family Room).  This homes also features a two car Garage, an In Ground Pool, Gazebo in the backyard, walk-in Pantry off the Kitchen and a half acre lot.....
There is lots to see … (0 comments)

fairfield real estate: Steps in the Home Buying Process - 01/24/08 08:57 AM
  THE HOME BUYING PROCESS
            Most people are familiar with going to Open Houses or driving around with a Realtor or searching the weekly newspaper ads.  Some may even be "surfing the Net" looking for their dream home.  What happens after you find the home that is just right for you and your family?  Well, the process varies from town to town throughout the state.
            We often find people from other states or even different parts of Connecticut have questions about how the buying process works in this area.  We thought it would be a good idea to describe for you the … (3 comments)

fairfield real estate: Fairfield Yearend Update for 2007 - 01/24/08 02:15 AM
January 8, 2008
Fairfield Real Estate Yearend Update
Our local Real Estate market finished another solid if not spectacular year.  Fairfield Single Family unit sales finished strong in 2007 with 766 homes sold.  While the year wasn't a record setter, unit sales finished up 17% over 2006.  And importantly, the Median Selling Price remained stable - up 1% over the prior year at $635,000.  Fairfield and the surrounding towns are doing well amidst the turmoil in the national real estate markets.
While the Subprime Credit crunch has caused a big dip in certain markets nationwide, locally, it is the cities that have seen the … (5 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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