Linda Raymond Real Estate Blog, Fairfield, Westport & More

Fairfield & Westport living- homes, fun stuff & more!


Leave a comment

Fairfield Beach in Review: August 2020

Market Activity on
Fairfield Beach Road –  Pine Creek Avenue – Old Dam Road

What’s On the Market?

Active Beach Listings

Fairfield Beach Road

  • 12 single-family homes are for sale.
  • Four are new construction listings priced from $1,500,000 to $3,200,000. Three are complete and sit across the street from the water. Two are under construction, one on the creek, and one on the beach with a creekside parcel and a dock.
  • Seven of the listings are on direct beachfront and priced from $1,700,000 to $5 million.  Two of these have additional creekside property, and one also has a dock on the creek.
  • There are three creek-front listings priced from $2 million for a home with a dock to $2,570,000 for a new home under construction.

Pine Creek Ave

  • There is one waterfront property for sale for $2,495,000.

Old Dam Road

  • There is one property for sale on about a third of an acre that is not on the waterfront for $875,000.

What Sold, Mid-June to Mid-August?

Sold & accepted offers since mid-June

  • Four single-family homes sold since mid-June including three on Fairfield Beach Road, and one on Old Dam Road.  Two were on the beachfront and two on the waterway.
  • One condo across the street from the water sold on Fairfield Beach Road for $715,000.
  • Single-family sale prices ranged from $700,000 for a home not on the water on Old Dam Road to $3 million for beachfront renovation/new construction on Fairfield Beach Road.

What About Accepted Offers?

  • There are currently two homes under contract, a three-years-young beachfront home on Fairfield Beach Road listed for $2,795,000 and a beachfront condo on Pine Creek Avenue on the market for $1,135,000. 
  • Three homes on the beach have accepted offers with list prices ranging from $1,695,000 to $2,395,000.

1690 Fairfield Beach Rd - Sold

There have been nine sales so far this year through August 15 compared to 14 last year during this timeframe, however the five accepted offers should catch us up. One improvement we have seen this year is the beach homes selling closer to the asking price. On average the nine sales this year closed at 96 percent of the asking price compared to 94% last year.

Still, this year’s beach market has been a bit slow compared to other blazing markets driven by the pandemic. For example, in the entire Fairfield Beach Area (including homes closer to town), there were 95 sales year to date that sold for an average of 97 percent of asking compared to 78 sales YTD in 2019 selling on average for 96 percent of asking.

So the word on the street is that we may be in the dog days of summer at the beachfront, but the market overall is still hot!

 If you have any questions about this market and what it can mean for you, please reach out to me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below.  I’m here to help!

 


Leave a comment

Fairfield Beach in Review: June 2020

Market Activity on
Fairfield Beach Road –  Pine Creek Avenue – Old Dam Road

What’s On the Market?

Fairfield Beach Road

  • 13 single-family homes are for sale.
  • Four are new construction listings priced from $1,500,000 to $3,200,000. Two are complete and sit across the street from the water. Two are under construction, one on the creek, and one on the beach with a creekside parcel and a dock.
  • Eight of the listings are on direct beachfront and priced from $1,350,000 to $3,775,000.  Five of these have additional creekside property, and two also have a dock on the creek.
  • Two listings are on the creek priced at $2,195,000 for a home with a dock, and $2,269,000 for a new home under construction.

Pine Creek Ave

  • There is one property for sale, a penthouse condo at Kensie Point, 10 Pine Creek Avenue, 501S for $1,135,000.

Old Dam Road

  • There is one property for sale on a 0.72-acre creekside parcel with a dock listed for $1,980,000.

What Sold So Far in 2020?

  • Four single-family homes sold in April and May including one on Fairfield Beach Road, one on Pine Creek Avenue, and two on Old Dam Road.
  • Sale prices ranged from $580,000 for a home off the water at 57 Pine Creek Avenue to $1,375,000 for a home at 2087 Fairfield Beach Road.

What About Accepted Offers?

  • There are currently two homes under contract, (my listing), a creekside home with a dock at 1690 Fairfield Beach Road listed for $1,095,000 and a newly raised home that is currently under construction on the beach at 1092 Fairfield Beach Road listed for $3,000,000. 
  • Two non-waterfront properties have accepted offers. One condo on Fairfield Beach Road and one house on Old Dam Road, listed for $729,000 and $700,000 respectively.

Sales activity on the waterfront this year has some catching up to do to match 2019 activity. Last year there were seven sales in February through May with sale prices ranging from $980,000 on Old Dam Road to $2,455,000 for (my listing), a large home on the beach with a creekside garage and finished space above it.  The late start of this year’s beach market is not surprising given the onset of the pandemic. However, the real estate market overall has seen an influx of activity from low interest rates and swarms of people leaving New York City, so the word on the street is that ‘summer is the new spring‘, and many anticipate a busy beach market ahead!

 If you would like to discuss the value of your property in this market and how I would market it for you, please contact me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below.

 


Leave a comment

Beach in Review: Fairfield 2019 into 2020!

Market activity on
Fairfield Beach Road –  Pine Creek Avenue – Old Dam Road

What’s On the Market?


On the Market: 1690 Fairfield Beach Road

Fairfield Beach Road

  • 10 single-family homes are for sale.
  • Three are new construction listings priced from $1,900,000 to $3,200,000. One is nearing completion and sits across the street from the water. Two are proposed new construction on direct beachfront.
  • There are two listings on the creek with a floating dock, 1690 and 1522 Fairfield Beach Road, priced at $1,150,000, and $2,350,000 respectively.
  • Seven of the 10 listings are on direct beachfront and priced from $1,699,000 and $3,775,000.

Pine Creek Ave

  • There is one property for sale at 57 Pine Creek Avenue for $599,000.

Old Dam Road

  • There are three properties for sale on the creek with a dock with prices ranging from $649,000 to $1,099,000.

Source: SmartMLS Updated 2/12/2020

What Sold in 2019?

  • 20 single-family homes sold including 15 on Fairfield Beach Road, four on Pine Creek Avenue, and one on Old Dam Road.
  • The highest sale price was $2,900,000 on Pine Creek and the lowest was $549,000 for an antique cottage on Fairfield Beach Road.
  • Two condominiums sold, one in the Burr Court complex on Fairfield Beach Road, and one at Kensie Point on Pine Creek Avenue.
  • There is currently one home under contract on Fairfield Beach Road listed for $3,000,000. 

The 2019 waterfront market enjoyed a higher median sale price of $1,527,500 compared to $1,460,000 in 2018. Twenty single-family homes sold in both 2019 and 2018, and there was one condominium sale in 2018 and two in 2019.  As we begin 2020 with low interest rates, a nice selection of active beach listings, and one home already under contract, I’m optimistic for a great year ahead.  If you would like to discuss the value of your property in this market and how I would market it for you, please contact me at 203.912.4440, Linda.Raymond@raveis.com , or using the form below.

Linda Raymond at Penfield Beach
2020 should be great, and I can’t wait!

 


Leave a comment

What Makes Your House a Home?

From the time you awake, until the time you call it a day, you carry out a pattern of activities that make up your lifestyle.

Elegant Breakfast Nook

Your house is your place of coming and going, of greetings and goodbyes, of good mornings and good nights.

Your routine may be rushed and hectic at times. At other times you may have periods of intense focus or moments of calm, harmony, and serenity.

You settle into your surroundings and set your house up to be comfortable for yourself, your family, and your friends. You decorate your house to reflect your style, tastes, interests, and passions.

Dining Room with Center Piece

You work hard and play hard. Your house is your base for productivity, security, privacy, and recharging.

Zen-like Home Office

Serene Master Bedroom

Comfy Family Room

Your house is the place you cherish, where you feel safe and sound, sometimes happy, other times sad; where you celebrate, gather together, share, work, create, cook, decorate; where you can love and be loved; where you live, grow, rest, dream, and at times sort through the chaos that life often throws at you!

 

Mudroom with Elegant Bench Cushions

Your house becomes an extension of all that you are.  And you become an extension of your house, making it complete. Without you, your house is merely a shell awaiting your energy, chemistry, creativity, excitement, and passion.

Stunning Designer Kitchen

What makes your house a home? You do!

This stunning house at 6 Hillandale Lane is awaiting completeness from you. Come home to 6 Hillandale Lane. There’s no place like home!

6 Hillandale Lane, Greens Farms, Westport CT

Please use the form below for questions, comments and showing requests!

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave


Leave a comment

Open House Dates and Property News!

Hi All,

I wanted to alert you to a couple of Open House and property updates. Click the images for more info.

There will be an Open House Sunday, January 24th, 2016,  from 1 to 3 pm at 25 York Street in Lordship / Stratford. This home sits across from Russian Beach with water views from every room and is minutes to Short Beach with the gorgeous golf course, as well as Long Beach. Asking price is $859,000.

SUNDAY OPEN HOUSES!

 

 

 

 

 

 

 

For turnkey and carefree living at the beach, consider 10 Pine Creek Avenue 401W at Kensie Point.  The next open house will be February 28, 2016, from 1 to 3 pm. This is beachfront living at it’s best with water views from every room and four balconies, elevator access right to your foyer, two bedrooms two full baths, an office space, central air and a furnished private beach garden- all for $845,000.

10 Pine Creek Ave 401W at Kensie Point

 

 

 

 

 

 

Contact me anytime with questions or to request a showing!


Leave a comment

How Could the “Wrong Direction” Seem So Right?

That’s what my relocation client asked me as we went to visit five drop-dead gorgeous homes in Fairfield Connecticut.

Ping and her family were moving from South Carolina to pricey Fairfield County.  Although the home sizes were not quite as grand here as what they were used to, I could sense a growing excitement about Fairfield as I shared some impressive numbers including our 11 elementary, three middle and two high schools, five beaches and three train stations.

The Chelsea Restaurant, Fairfield CT

The Chelsea Restaurant, Fairfield CT

A few added highlights like our huge Fourth of July celebration at Penfield Beach, the superb beet salad at The Chelsea and the crazy dog beach at Lake Mohegan didn’t hurt either.   The visual tour was the icing on the cake!

Ping and her husband Danian both worked for the same company in South Carolina.  She took a new job nearby, and he was able to stay with his company and transfer here. Their son and daughter would be going to elementary school.

New home in Fairfield CT

New home in Fairfield CT

The location of the home they chose in the university area was perfect.  Their kids could walk to school.  And when Danian’s parents came to visit, they could walk there with them. They were situated on a wonderful cul-de-sac and already had an elaborate play set in the back yard.  The house was stunning inside and out.  It was beautifully finished on four levels and came complete with a beautiful in-law suite.  And if all that wasn’t enough, the garage was fully equipped with cabinetry and a high-end custom flooring that looked like you could eat off it!

How can something so wrong seem so right?   Welcome to Fairfield!

Congratulations

Congratulations!

Feel free to comment on this post and reach out to me with your questions and real estate needs. – Linda


Leave a comment

Beach Brief: Fairfield & Westport CT Housing Markets

As this week of perfect beach weather continues, it seems like a great time for an update on shoreline housing in Fairfield and Westport.

Direct beachfront property! Click for more pics.

Today, there are 80 single-family homes for sale in Westport in the coastal neighborhoods of Compo Beach, Saugatuck Shores and Hillspoint.  Twenty-seven of these properties are on direct waterfront.  Asking prices range from $525,000 to $12,985,000.  One listing has an accepted offer.

In Fairfield, there are 121 active listings in the Beach area and Sasco.   Thirty-three of the homes are directly on the water or beachfront.  Asking prices run the gamut from $260,000 to $62,000,000!  Sixteen of these listings have accepted offers.

For additional housing information or to request a showing, please inquire below.

Flags at Penfield Beach, Fairfield, CT

Flags at Penfield Beach, Fairfield, CT


  Photo Jul 08, 11 32 10 AM   Photo Jul 08, 11 49 48 AM

Photo Jul 08, 11 50 23 AM


Leave a comment

Fantastic Fairfield Fireworks & A Housing Market Update

What a fantastic evening for the Fairfield fireworks last night!

After attending a picnic with some fine company and delicious dining, my husband and I visited more friends on the beach for the remainder of the evening. Low tide provided extra space on the sand bars this year for added festivities and some pre-show fireworks. As the warm pastel sunlight faded to dusk, the bejeweled horizon of sparkling lights from boats and waterfront homes became the new feature.

Once darkness fell, the DJ from the party next door created the perfect moment when he sang his own blues-inspired rendition of America the Beautiful just as the spectacular fireworks display was launched from the barge off Jennings Beach. Ah, there’s nothing like the Fourth of July in Fairfield!

Of course we’re all back to work now, so let me provide an update on the housing market for you – As of today, we have 491 single-family homes and 85 condos for sale in Fairfield, down from the count in my last post on June 22. However, there has been a jump since then in the number of binders and contracts, which is a positive sign.

One of the metrics I like to watch as a leading indicator of what’s to come is the percentage of active listings with a binder. A little over a week ago, 10% of the homes for sale had an accepted offer. At the time of this post, there are 70 homes with a binder equating to 14% of the available homes. Considering that the ratio had been 12-13% this spring in March through May, this is quite encouraging! The number of contracts is currently 133, also up from 105 a little more than a week ago.

Three more homes have sold since I last wrote, ranging in price from $450,000 to $875,000. The tally of sold homes in June recorded as of today is 23, with an average sale price of $600,000. Although there are sure to be more June sales recorded in the next few weeks, we are still quite far off from the single-family sales in June 2010 which totaled 71 with an average sale price of $658,000.

Okay, so who is ready to jump into the market to buy and sell, and catapult our numbers for July?!

Fairfield Boaters july 4 2011 Fairfield Beach & Barge July 4 2011

Originally Posted on Fairfield Patch  July 5, 2011 at 5:38 pm