Linda Raymond Real Estate Blog, Fairfield, Westport & More

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SOLD and Accepted Offers in Fairfield Downtown and Westport Greens Farms, August 2021

Looking at the market activity in August… The Westport and Fairfield town-wide sales pace in August showed an up-tick from the previous month of July, and was also up from unit sales in August 2019, despite a dip in numbers compared to the Covid spike in 2020. This is likely due to many people taking advantage of vacation opportunities in July. The local housing markets continued with strong sales and high prices in both Downtown Fairfield and Greens Farms Westport during August.

If you are like many others who want to sell but are still on the fence, September will continue to offer an excellent window of time to make your move before kids go back to school despite people taking vacations here and there. Interest rates and inventory are still low, and buyer demand is still strong. Rates are expected to creep up heading into fall! You are right to arm yourself with an expert guide to help you put your strategy in place to reach your goal! Call me today to discuss your plans, (203) 912-4440.

What has sold in these two hot spots? Where are the accepted offers in August? Check out the scoop below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There were 21 closings in August compared to 25 in July and 10 new accepted offers in Fairfield’s downtown and beach area at the time this post was written.

SOLD:

NEWLY ACCEPTED OFFERS:

Take a look at the Fairfield town-wide stats from the William Raveis Local Housing Data. Send me a note below if you would like the link to add the LHD shortcut to your phone!

WESTPORT Greens Farms

There were 10 sales in August compared to seven in July. There was one new accepted offer in Westport’s Greens Farms neighborhood in August, and a few more had just gone to contract.

SOLD:

NEWLY ACCEPTED OFFERS:

Take a look at the Westport town-wide stats from the William Raveis Local Housing Data. Send me a note below if you would like the link to add the LHD shortcut to your phone!

Call me if you are thinking of making a move in the next 12 months, and we will have a 15 minute consultation to discuss your goals, the market, and whether I can help. —> (203) 912-4440


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Zoom Lunch & Learn Tomorrow 8/25/21, 12-1 pm, Sell Your Home Without the Hassle: How to Avoid Common Pitfalls

Click image to visit reservation page

Questions? Feel free to send me a note below.


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Thinking of Selling Your Home in the Next 12 Months? Get the Scoop, August 2021

You deserve to work with an agent who can guide you through the current market.

Click the image below for the digital newsletter to get the market report as of August!

Click here for info about 963 Fairfield Beach Road.

Send a request below if you would like to receive the hard copy newsetter in the mail.


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Real Estate News: Westport and Fairfield CT August 2021

July numbers are in, and opportunity still knocks!

You, like many others have been ready to get out of your current home for quite a while, but you haven’t made the move yet. It’s a monumental decision for sure. You want to get the best ROI and the best terms when you sell and also be able to transition to the ideal new home for your next chapter.

But you are worried about how to prepare your house for sale, navigate the process, and manage the timing. This is all very understandable. This is also why you need an expert agent who understands the current market and who will implement a strategy for you that fits with your priorities and guides you toward achieving your goals.

How’s the single-family housing market in Westport and Fairfield Connecticut as we move into August?

Take a look at the stats below showing how the stats in July 2021 compare to July 2020.

In WESTPORT

  • Single-Family Homes Sales are DOWN 28.1.5% from 96 to 69 homes sold.
  • The Median Sale Price is UP 19% from $1,294,500 to $1,540,000.
  • Inventory is DOWN 18.4% from 244 to 199 homes for sale.
  • Months of Supply is DOWN 44.9% from 6 months to 3.51.
  • Market Time is DOWN 41.1% from 73 to 43 days.

In FAIRFIELD

  • Single-Family Homes Sales are DOWN 34.7% from 147 to 96 homes sold.
  • The Median Sale Price is UP 12.5% from $640,000 to $720,000.
  • Inventory is DOWN 42.2% from 396 to 229 homes for sale.
  • Months of Supply is DOWN 60.6% from 6 months to 2.37!
  • Market Time is DOWN 50.6% from 85 to 42 days.

The trends of low inventory, increasing median sale price, and short market time continue through July. Unit sales dipped in July, likely due to the continued reduced inventory in combination with “buyer fatigue”, and summer vacations. We will likely see reduced closings for the same reasons in August as well.

More homes are listed for sale each day, so despite the low inventory, there is an ever-changing selection to choose from, and you only need one to make your move!

As of the day of this writing, there are 68 newly listed single-family homes and condos in Westport and Fairfield.

Yet the buyer demand is still stronger than the supply which is keeping the inventory low, causing some continued multiple offer situations, though not as many as in earlier months, and pushing sale prices up in both towns.

Opportunities are here for both buyers and sellers in this dynamic marketplace, but we can all benefit from more homeowners listing their properties for sale!

Home appreciation is expected to continue according to the National Association of Realtors Chief Economist, Lawrence Yun. Interest rates are anticipated to rise slightly but are still expected to remain historically low.

So if you are seeking your perfect home, you may want to take the plunge and move forward with doing so now!

If you are thinking of selling in the next 12 months and would like to discuss how to buy and sell your home in the current or future markets, call me today 203.912.4440.

 


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SOLD and Accepted Offers in Fairfield Downtown and Westport Greens Farms, July 2021

Looking at July… Although the town-wide sales pace slows a bit, the local housing markets continued with strong sales and accepted offers in both Downtown Fairfield and Greens Farms Westport in July.

The average market time of the newly accepted offers was faster in Downtown Fairfield, at 32 days compared to 41 in the later half of June. But market time was a bit slower in Greens Farms with 54 average days compared to 37 in the last two weeks of June. Many of the sales continued to close at or above the asking price.

If you are like many others who want to sell but are still on the fence, August will continue to offer an excellent window of time to make your move before kids go back to school despite people taking vacations here and there. Interest rates and inventory are still low, and buyer demand is still strong. Rates are expected to creep up toward the end of the summer! You are right to arm yourself with an expert guide to help you put your strategy in place to reach your goal! Call me today to discuss your plans, (203) 912-4440.

What has sold in these two hot spots? Where are the accepted offers in July? Check out the scoop below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There were 25 sales and six new accepted offers of single family homes in Fairfield’s downtown and beach areas in July, up slightly from 24 sales in June. The average days on the market for these new listings with accepted offers was 32 with a range from 5 to 107 days as shown below. This is down from 41 days during the last two weeks of June!

SOLD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

There were seven sales, (compared to eight in June), and four new accepted offers in Westport’s Greens Farms neighborhood in July. The average market time for the listings that just accepted offers was 54 days ranging from 41 to 76 as shown below. This was up from the 37-day average market time during the second half of June.

SOLD:

NEWLY ACCEPTED OFFERS:

Watch a quick video update on town-wide stats.

Call me if you are thinking of making a move in the next 12 months, and we will have a 15 minute consultation to discuss your goals, the market, and whether I can help. —> (203) 912-4440


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Looking for Beach Homes? Fabulous Beachfront Property For Sale, 963 Fairfield Beach Road, Fairfield CT!

Get your Slice of Paradise on the beach and put your vision into motion!

Call today and make 963 Fairfield Beach Road, Fairfield Connecticut your new beachfront property.

Click Image for video

Walk, swim, paddle board, and watch the 4th of July fireworks from your own backyard! This exceptional location ensures quick access to the vibrant downtown shops, chic eateries, and train. Stunning sunrises, sea breezes, and the endless joy of beach living are here for the taking.

Click image for video!

Earn rental income with academic and summer leases, rent for the winter and have fun all summer long, or build your brand new cherished beach home.

Click image for listing!

This property is a rare find, offering a quarter-acre of prime beachfront with stunning and dynamic views of the Long Island Sound and coastline, the Penfield Light House, and the Port Jefferson Ferries. The property includes an additional .08 acre space with a two-car garage across the street. The house also has ample space with 10 rooms including five bedrooms, a bonus room, and two and a half baths.

Use the property across the street for guest parking and extra storage, or additional parking income. Bring some TLC to the existing house, or turn this into your new dream home of ~4,000+ square feet with parking underneath.

The views and possibilities are endless, but the window of opportunity is now!

Call today for more information or to request a showing ==> 203-912-4440. Feel free to send a note below.


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Grab a Slice of Paradise: Beach House in Fairfield Connecticut

Get your Slice of Paradise on the beach and put your vision into motion!

Coming soon to the market is 963 Fairfield Beach Road in Fairfield Connecticut. (More photos to follow.)

Earn rental income with academic and summer leases, rent for the winter and have fun all summer long, or build your brand new cherished beach home. This property is a rare find, offering a quarter-acre of prime beachfront with stunning and dynamic views of the Penfield Light House, Long Island Sound, and Port Jefferson Ferries.

The views and possibilities are endless, but the window of opportunity is now!

963 Fairfield Beach Road, Fairfield CT – Coming Soon to the Market!

The property includes an additional .08 acre space with a two-car garage across the street. The house has great space with 10 rooms including five bedrooms, a bonus room, and two and a half baths. Bring some TLC, or turn this into your new dream home of ~4,000+ square feet with parking underneath. Use the space across the street for guest parking and extra storage, or additional parking income.

Walk, swim, paddle board, and watch the 4th of July fireworks from your own backyard! This exceptional location ensures quick access to the vibrant downtown shops, chic eateries, and train. Stunning sunrises, sea breezes, and the endless joy of beach living are here for the taking.

The views and possibilities are endless, but the window of opportunity is now!

Call today –> 203-912-4440. Or request more information or a showing below.


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FAIRFIELD REAL ESTATE REPORT – JULY 2021 – PLUS WHAT YOU NEED TO KNOW NOW

Dear Neighbor,

Some of you may have also received this newsletter in the mail. If you did not and would like to receive one, please send me a note below with your name and the address where you would like it sent with my compliments!

Like so many others, you probably want to make a move to a home that is better suited to your current needs and desired lifestyle. You want the right amount of space for privacy, relaxation, and recreation. But the problem is, you’re worried about the monumental stress of actually making it happen. This is completely understandable.

For most of the population, real estate transactions are the biggest and most difficult financial transactions of their lives. There are so many moving parts and potential roadblocks. That’s why understanding the market you’re in is so important for making the best decisions. From there, working with a well-qualified real estate expert can help you lock down your hard-earned equity. As you consider your next move, here the top things to know about the Fairfield real estate market right now: 

Sales are Up

The inventory remains low, yet the volume of sales is up. One hundred and five (105) sales closed this June, despite some buyer fall out, compared to just 93 single-family home sales last June 2020. This shows that the market is very dynamic. Many homeowners are listing and selling their homes, yet the current demand is still exceeding the supply.

Sellers who seek the guidance of a real estate expert to market their home and manage the turbulent activity are able to navigate this opportunity for a successful sale.

Supply is Way Down

In June this year, there are only 2.46 months of housing supply, whereas in June of 2020 we saw seven months worth of homes for sale. A balanced market has about six months of inventory.

Homes that show beautifully, are well-priced, and marketed strategically continue to sell quickly.

Since the start of the pandemic, I have worked with many clients to successfully reach their goals and accomplish over $15M in sales. The market continues to be fast-paced, yet tricky with the need to navigate multiple offers, coordinate timing, and be in tune with what’s happening up to the minute. Buyers are looking for beautiful turnkey homes, and with my strategic listing preparation, solutions for sellers, and marketing plan, my clients are well positioned to get the highest possible price and best possible terms for their priorities.

As a homeowner, what does this mean for you? If you’re thinking of selling in the next 12 months, it’s time to start preparing for market.

What if you could off-load all the complicated worrisome steps to me and coast through a seamless, collaborative, positive, maybe even a bit fun, experience with peace of mind while you achieve your desired goal of capturing your ROI in as few days as possible? You deserve the utopia of the perfect home and lifestyle that you’ve worked so hard to enjoy.

If you are thinking of selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 203-912-4440

We’ll discuss your goals and timeline, briefly cover my unique approach to getting you the highest possible price and best terms for you in the fewest days on market, and if we seem like a match, we’ll discuss the next steps from there.

Call Today → 203-912-4440

To Your Success,

Linda Raymond
License # 077359
William Raveis Real Estate
LindaRaymond.raveis.com
Linda.Raymond@raveis.com
203-912-4440


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How’s the Housing Market in Westport and Fairfield CT at the Start of July 2021?

As far as the market is concerned, opportunity still knocks! So, why stay on the fence, when you can get a new one! 😉

You, like many others have been ready to get out of your current home for quite a while, but you haven’t made the move yet. It’s a monumental decision for sure. You want to get the best ROI and the best terms when you sell and also be able to transition to the right new home for your next chapter. You are worried about how to prepare your house for sale, navigate the process, and manage the timing. This is all very understandable. This is also why you need an expert agent who understands the current market and who will implement a strategy for you that fits with your priorities and guides you toward achieving your goals.

How’s the single-family housing market in Westport and Fairfield Connecticut as we head into July?

Take a look at the stats below comparing June 2021 to last June 2020:

In WESTPORT

  • Single-Family Homes Sales are UP 25.5% from 51 to 64 homes sold.
  • The Median Sale Price is UP 7.1% from $1,495,000 to $1,601,000.
  • Inventory is DOWN 22.6% from 283 to 219 homes for sale.
  • Months of Supply is DOWN 56.7% from 9 months to 3.72.
  • Market Time is DOWN 65% from 123 to 43 days.

In FAIRFIELD

  • Single-Family Homes Sales are UP 12.9% from 93 to 105 homes sold.
  • The Median Sale Price is UP 16.9% from $650,000 to $760,000.
  • Inventory is DOWN 42.9% from 434 to 248 homes for sale.
  • Months of Supply is DOWN 64.8% from 7 months to 2.46!
  • Market Time is DOWN 45.1% from 91 to 50 days.

The trends of extremely low inventory, increasing median sale price, and short market time continue through June. However, the market is not stagnant. Unit sales are up and we are seeing more homes listed for sale. In fact, as of the day of this writing, there are 71 newly listed single-family homes and condos in Westport and Fairfield. The buyer demand is still stronger than the supply which is keeping the inventory low, causing many multiple offer situations, and pushing sale prices upward in both towns.

Opportunities are here for both buyers and sellers in this dynamic marketplace, but we can all benefit from more homeowners listing their properties for sale!

As the summer temps rise, home appreciation as well as interest rates are anticipated to follow. Yet interest rates are still expected to remain historically low, and buyers continue to look for their perfect homes. If you are a homeowner on the fence, now is a great time to sell!

If you are thinking of selling in the next 12 months and would like to discuss how to buy and sell your home in the current market, call me today 203.912.4440.

 


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SOLD and Accepted Offers in Fairfield Downtown and Westport Greens Farms, Second Half of June 2021

Happy 4th of July! The local markets continued with strong sales and accepted offers in both Downtown Fairfield and Greens Farms Westport during the last two weeks of June. The average days on market until the new listings accepted an offer was longer though, with 41 days in Downtown Fairfield and 37 days in Greens Farms compared to 17 and 20 in the first two weeks of June. Nearly all of the sales closed at or above the asking price.

If you are like many others who want to sell but are still on the fence, July offers an excellent window of time to make your move. Interest rates and inventory are still low, and buyer demand is still strong. Rates are expected to creep up toward the end of the summer, and August may be a big vacation month as usual, but especially now that most of us are vaccinated and everyone’s craving a get-away! You are right to arm yourself with an expert guide to help you put your strategy in place and ensure you reach your goal! Call me today to discuss your plans, (203) 912-4440.

What has sold in these two hot spots? Where are the accepted offers during the last half of June? Check out the scoop below!

FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.

There were 12 sales and seven more accepted offers in Fairfield’s downtown and beach areas during the second half of June from the 16th through the 30th. This activity was slightly slower than the first half of the month that saw 13 sales and eight accepted offers. The average days on the market for these new listings with accepted offers was 41 with a range from 10 to 156 days.

SOLD:

NEWLY ACCEPTED OFFERS:

WESTPORT Greens Farms

Sales were UP in Greens farms with five closings during the last two weeks of June, compared to just two homes sold the first half of June and none during the last half of May.

SOLD:

There were five accepted offers in Westport’s Greens Farms neighborhood during the last half of June compared to four in the first half and none during the last two weeks of May. The average market time for these listings was 37 days ranging from 17 to 90.

NEWLY ACCEPTED OFFERS:

Call me if you are thinking of making a move in the next 12 months, and we will have a 15 minute consultation to discuss your goals, the market, and whether I can help. —> (203) 912-4440