Stamford CT - November 2011 Market Report

By
Real Estate Agent with Keller Williams Prestige Properties
https://activerain.com/droplet/pdp

As we all were surprised, in Stamford CT,  at the October snowstorm, the real estate market is business as "unusual".  We are definitely in a buyer's market.  Prices and interest rates are low and the inventory is high.  Both buyers and investors have their choice in picking through the growing inventory of our fair town, also know as the "City that Works".

 

The great news is that the FHA loan limit is now $708,750, allowing Fairfield County buyers to buy with a minimum of 3.5% with a maximum loan limit of $708,750. There is plenty to choose from! 

However on the sales side, the tide is getting lower. Sales are down and the largest sales price point is $499,999 and below offering the most inventory to first-time buyers and investors. Thinking of selling your home?  We are now in a beauty contest and a price war.  If you are looking to sell, your house must be the best value in its price range.  Currently the ruling price range is at the lower price point. So if selling, your property must stand out.

Stay tuned for next month, where historically there are fewer homes on the market as homeowners withdraw for the holidays. However my advice is, if you must sell the holidays are a great time to do it. Click here for my thoughts on selling your home during the holidays. If you're wondering about your market in Fairfield County, CT, please let me know. 

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About the Author:

Kimberly Tapscott is a service and results oriented real estate agent with her client’s goals as top priority.  Kimberly is recognized as a top producing agent in her office in Fairfield County and enjoys working with both buyers and those selling their homes.

For information about purchasing a home in Fairfield County, visit my website.This site is focused on homes available for sale in Fairfield County. Email, call or text to make an appointment begin your home search.

If you are considering selling your home in Stamford, Greenwich or one of the surrounding towns, visit my seller’s website to request a Free Market Analysis of your property.

The Kimberly Tapscott Real Estate Team – is waiting to give you the service you deserve. Contact us now to make your home dreams come true!!

 

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Topic:
Real Estate Market Trends
Location:
Connecticut Fairfield County Stamford
Tags:
stamford november home sales
stamford market analysis
stamford november real estate

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Rainmaker
845,605
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Many new listings coming on the market, good luck and Happy Holidays.

Dec 06, 2011 04:21 AM #1
Rainer
147,871
Kimberly Tapscott
Keller Williams Prestige Properties - Stamford, CT
Giving you the service you deserve!

Hi David - yes and hopefully the holidays will find new buyers for them.  Let's move this inventory!!!! Happy holidays to you!

Dec 06, 2011 04:32 AM #2
Rainmaker
89,049
Sep Niakan
HB Roswell Realty - Miami, FL
Luxury Real Estate and Condo Specialist

Kimberly, nice market report. Thanks for sharing.

Dec 07, 2011 03:54 AM #3
Rainer
147,871
Kimberly Tapscott
Keller Williams Prestige Properties - Stamford, CT
Giving you the service you deserve!

Thanks Sep - this was my first one....but always looking for constructive feedback.  Do you create a market report or use one generated by Top Producer or other avenues....

Dec 07, 2011 01:22 PM #4
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Rainer
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Kimberly Tapscott

Giving you the service you deserve!
Whether you need to sell, buy or rent, I can help.
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