Pictured below are scenes from a fabulous elegant lunch hosted by Bill Raveis and his wife Candy at their Fairfield Connecticut home to celebrate 🎊 the careful selection of our new Southport office manager, Tammy Fenelstein (after Amy Arnheim retired), and getting back to “normal” after the pandemic! The festivities began earlier in the day at the weekly morning sales meeting in our Southport office where Tammy was introduced to us. The meeting adjourned with a group photo outside the building.
At Willliam Raveis the company’s mission is to be laser-focused on supporting the agents as their customers. So everything they do is driven by the goal of ensuring our success in serving you. This means providing the best cutting-edge technology, a family of companies to support seamless transactions, key solutions to solving the challenges you face when moving to a new home, the best agent training, and the best local, national, and global marketing resources. So we work hard, play hard, and celebrate our happy clients as we go.
You are right to want to work with the agent who’s company has a supportive, joyful, family culture which we are so grateful to have at William Raveis Real Estate, because this positive force 🌅 supports everything we do, and I bring that great energy along with all our resources to work for you! ❤️
If you are thinking of selling in the next 12 months, now is the time to start planning. Call me at 203.912.4440 or reach out using the form below.
Summer is heating up and June has started off with an up-tick in sales and new accepted offers in both downtown Fairfield and Greens Farms Westport during the first two weeks in June. The average days on market for the new listings with accepted offers has been just 17 to 20 days. Many of the homes have sold at or above the asking price.
Buyers have had to be creative and aggressive to win their prize. Most homes have been flying off the shelf, yet some… have not, despite this crazy market. You are right to arm yourself with an expert guide to help you put your strategy in place and ensure you reach your goal!
What has sold in these two hot spots? Where are the accepted offers during the first half of June? Check out the scoop below!
FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.
There were 13 sales and eight more accepted offers in Fairfield’s downtown and beach areas during the first half of June from the 1st through the 15th. Sales were almost double the seven sales during the last two weeks of May, and accepted offers were up by two. The average days on the market for the new listings with accepted offers was just 17!
SOLD:
NEWLY ACCEPTED OFFERS:
WESTPORT Greens Farms
Two homes sold in the Greens Farms neighborhood during the first half of June compared to none during the previous two weeks.
SOLD:
There were four new accepted offers in Westport’s Greens Farms neighborhood during the first half of June after having none during the previous two weeks. The average market time for these listings was just 20 days!
NEWLY ACCEPTED OFFERS:
Call me if you are thinking of making a move, and we will have a 15 minute consultation to discuss your goals, the market, and whether I can help. —> 203.912.4440
How’s the single-family housing market in Fairfield and Westport Connecticut at the end of May as we head into June? Take a look at the info below to see the comparison to last May, 2020, and take note of the opportunities. If we follow last year’s trend, we will see a spike in sales beginning in the next couple of weeks and extending through September!
If you would like access to our William RaveisLocal Housing Data tool and run your own graphs like the ones below, just send me a note in the form below for the link! Here are the specifics.
In WESTPORT
Single-Family HomesSales are UP 52% from 31 to 47 homes sold.
The Median Sale Price is UP 46% from $1,085,000 to $1,582,000.
Inventory is DOWN 29% from 306 to 217 homes for sale.
Months of Supply is DOWN 61% from 10 months to 4.
Market Time is DOWN 41% from 90 to 53 days.
In FAIRFIELD
Single-Family HomesSales are UP 3% from 72 to 74 homes sold.
The Median Sale Price is UP 22% from $662,500 to $807,500.
Inventory is DOWN 39% from 421 to 257 homes for sale.
Months of Supply is DOWN 62% from 7 months to 2.6!
Market Time is DOWN 56% from 107 to 56 days.
The trends of extremely low inventory, increasing median sale price, and short market time continues through May, though we are seeing more homes come on the market. The strong buyer demand in the face of this limited choice is still causing frequent multiple offer situations and pushing sale prices upward in both towns.
Opportunities are here for both buyers and sellers, but the market can unquestionably benefit from more home owners listing their properties for sale! The summer is heating up, and me may see another spike in June through September like last year, depending on whether people are still wanting to escape the City. Interest rates remain low, and buyers are still out looking for their perfect homes. If you have been wondering, yes, now is the time to sell!
What has sold in these two hot spots? Where are the accepted offers during the second half of May?
More homes have been coming on the market and some are still getting frenzied offers. However, agents are seeing fallout after some bidding wars due to buyer regrets as well as some resistance to the high prices from buyers who are choosing to wait on the sidelines.
If you are going to sell now, I recommend you price your house to match recent sales and not over-shoot so that you attract the current buyers and don’t risk turning them away. Check out the scoop below!
FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.
There have been seven sales and six more accepted offers in Fairfield’s downtown and beach areas during the last half of May from the 15th through the 31st.
SOLD:
NEWLY ACCEPTED OFFERS:
WESTPORT Greens Farms
SOLD:
There were no more sales or new accepted offers in Westport’s Greens Farms neighborhood during the second half of May. But there were seven new listings and, (Spoiler alert: two accepted offers on June 2, both under one million dollars.)!
NEWLY ACCEPTED OFFERS:
Please reach out to me if you are thinking of making a move, and let’s have a conversation! 203.912.4440
If you haven’t been to Amis in Westport Connecticut yet, you should definitely give it a try, and go on a nice evening. Set in the heart of Downtown Westport next to Anthropologie, the large picture window opens to the street. The atmosphere inside is cozy with a little bar, yet bustling as it draws the sidewalk energy in. Sitting inside is nice as are the other options like eating al fresco under the archway to Bedford Square, or sitting in the square itself. Both areas are beautiful and festive!
As for our dinner, we felt compelled to start with the Soft Pretzel Bites with pecorino cheese sauce and house-made whole grain mustard for dipping. It was a fun appetizer and quite tasty. I had the Crispy Eggplant Chips with garrotxa cheese and lavender honey for my main dish, and Mark had the Hedgehog Mushroom Risotto with roasted fennel, crème fraîche, pecorino for his. It was a dinner of color and flavor for all. Check out the menu here, and call for a reservation, (203) 514-4906 or reserve your table online. There is another location in Devon.
Feel free to reach out to me as well if you would like more info or would like to talk real estate!
It has been a long road to find the right home in this very challenging market, but we prevailed.
We are closed!
Coming all the way from Texas to the east coast, Robin secured a rental in the Fairfield Beach area for herself, her two children, and her little chihuahua, about a year ago. They were just beginning to feel at home in the new community, when the pandemic hit.
Hunkering down at home as we all were, Robin prepared to renew her lease. However, upon seeing the spiking sale prices, the landlord changed his mind about renting, and told her they were selling the house as soon as possible, giving her only two months to vacate.
In a panic, Robin convinced them to give her a few more months and sent out a text to our neighborhood chat group asking if anyone knew of an available rental.
I reached out and offered to help. After talking with her, and learning what her ideal home would look like and how much she was planning to spend on rent, I suggested that she get pre-approved for a mortgage and put her hard earned money toward a purchase that would build equity for her. As the leader of a large software development group, she had no trouble securing a loan.
So the quest began! Loving the Fairfield beach area, and looking for charm, character, a light and bright feel with room the family and guests, we searched! At first there was almost nothing to look at, but then some homes began to trickle onto the market. Then we found a lovely home and put in an offer. We were faced with ~10 other buyers and were out-bid. We tried again. And again. And again! But the bidding wars were driving the prices out of range.
Unfortunately, the search was taking more time than she had. Her time was up at the current rental, but luckily she found a homeowner nearby that let her rent for three more months. So Robin packed up her entire three-bedroom home and two kids, moved a few blocks away, and unpacked again.
It seemed there was nothing that matched the wish-list for the right price… until we ventured over to the popular beachy neighborhood of Woodmont in Milford. Under construction was a beautiful, bright new home with four bedrooms and finished space on three floors. It even had treetop water views and two balconies! After much negotiation, we secured the home and closed last week.
After so much time being unsettled by a cross-country move, a pandemic, and two limited rentals, Robin had to pack up her family, furniture, and belongings, and move it all one more time. But this time, she can relax, decompress, and enjoy. Finally, a sweet new place by the shore to call home!
Please reach out to me anytime if you have real estate questions or would like to have a conversation about your plans.
What has sold in these two hot spots? Where are the accepted offers by mid-May? Check out the lists below!
FAIRFIELD DOWNTOWN – Within a one-mile radius of the train.
There have been five sales and 11 more accepted offers in Fairfield’s downtown and beach areas during the first half of the month, from May first through the 15th.
SOLD:
NEWLY ACCEPTED OFFERS:
WESTPORT Greens Farms
SOLD:
There were three more sales but no additional accepted offers in Westport’s Greens Farms neighborhood during the first half of May.
NEWLY ACCEPTED OFFERS:
Please reach out to me if you are thinking of making a move, and let’s have a conversation! 203.912.4440
How’s the single-family housing market in Fairfield and Westport Connecticut as of the end of April? Take a look at the bullets and graphs below to see how things have changed dramatically this April compared to last April, 2020, and look at the opportunities.
If you would like access to our William RaveisLocal Housing Data tool and run your own graphs like the ones below, just send me a note for the link! Here are the specifics.
In WESTPORT
Single-Family HomesSales are DOWN 8% from 39 to 36 homes sold.
The Median Sale Price is UP 27% from $1,100,000 to $1,401,500.
Inventory is DOWN 35% from 271 to 177 homes for sale.
Months of Supply is DOWN 62% from 8 months to 3.
Market Time is DOWN 37% from 137 to 86 days.
In FAIRFIELD
Single-Family HomesSales are UP 70% from 56 to 70 homes sold.
The Median Sale Price is UP 10% from $645,250 to $712,500.
Inventory is DOWN 46% from 426 to 231 homes for sale.
Months of Supply is DOWN 66% from 7 months to 2!
Market Time is DOWN 39% from 107 to 65 days.
The trend of extremely low inventory, increasing median sale price, and short market time continues through April into May, though we are seeing more homes come on the market. The strong buyer demand in the face of this limited choice is still causing frequent multiple offer situations and has even slowed the rate of sales in Westport compared to April 2020.
Opportunities are here for both buyers and sellers, but the market can unquestionably benefit from more sellers entering the market! Vaccines are here, spring is here, interest rates remain low, and buyers are circling. If you have been wondering, yes, now is the time to sell!
How’s the single-family housing market in Fairfield and Westport Connecticut as of the end of March?Take a look at the bullets and graphs below to see how things have changed dramatically this March compared to last March, 2020, and look at the opportunities.
If you would like access to our William RaveisLocal Housing Data tool and run your own graphs like the ones below, just send me a note for the link! Here are the specifics.
In WESTPORT
Single-Family HomesSales are UP 29% from 31 to 40 homes sold. The Median Sale Price is UP 29% from $1,375,000 to $1,774,500. Inventory is DOWN 47% from 289 to 153 homes for sale. Months of Supply is DOWN 70% from 9 months to less than 3! Market Time is DOWN 49% from 132 to 67 days.
In FAIRFIELD
Single-Family HomesSales are UP 69% from 54 to 91 homes sold. The Median Sale Price is UP 20% from $587,450 to $703,000. Inventory is DOWN 55% from 479 to 217 homes for sale. Months of Supply is DOWN 71% from 8 months to 2! Market Time is DOWN 19% from 96 to 78 days.
The trend of extremely low inventory, increasing median sale price, and short market time continues through March into April, though we are seeing more homes come on the market. The strong buyer demand in the face of this limited choice is still causing frequent multiple offer situations.
Opportunities exist for both buyers and sellers, but the market can unquestionably benefit from more sellers entering the market! Vaccines are here, spring is here, interest rates remain low, and buyers are waiting. If you have been wondering, yes, now is the time to sell.
