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

Summer 2020: 5 Things You Should Know About the Real Estate Market Right Now!

It’s a very dynamic time right now in real estate and a great time for anyone interested to jump into the action.  Here are five things you should know.

  1. Inventory Is Low! – There are fewer homes for sale resulting in a limited choice for buyers right now which creates competition for the homes on the market and can push up the selling price. May Inventory is Down!Look at the difference in the number of homes for sale in Fairfield and Westport in May compared to May of 2019! The marketplace is in need of more homes for sale. This creates a huge opportunity for sellers!
  2. Interest Rates are at an All Time Low!Mortgage Rates At an All Time Low!Although there has been daily fluctuation in interest rates, they have remained extremely attractive.  In fact, this week the rate for a conforming loan up to $510,400 has dipped to 2.85% for purchasers with high credit scores and a twenty percent downpayment. So there’s an excellent opportunity for buyers to finance a purchase at an amazingly low rate. This is great news for sellers as well because these low rates make their homes more affordable! Click the image from your phone and download the mortgage app!
  3. Summer is the New Spring! Summer is the New Spring!The real estate marketplace is very busy right now for a few key reasons. Realtors and everyone else in the industry have adapted to working in safe mode, there is pent up demand from the initial pandemic slowdown, and it’s a great time to buy and sell! If you are thinking of buying a home and want to take advantage of the low interest rates and increased home affordability, reach out to me so I can help you get that perfect new home.  Sellers, take note of the sample prep list above and the new Raveis Refresh program that’s here to help you with it. Reach out to me, and I will help you to make the process seamless!
  4. Raveis Refresh Is Here for You!
    Linda Raymond Explains Raveis Refresh

    Quick Video explaining Raveis Refresh

    If you have thought about selling but feel overwhelmed by what needs to happen to get your house ready, fear not! Raveis Refresh is a new service that is here to provide you with nearly anything you need, from help packing, to staging, painting, kitchen or bathroom renovations, and repairs, small to large.  The cost is completely deferred until closing, so no worries about that either.

  5. Real Estate is Expected to Drive Economic Recovery! Did you know that a recent study by the National association of Realtors indicates that the sale of just one home in the US results in an economic boost of $88,416?  Because of this, many experts are predicting real estate to lead to the country’s economic recovery.

Economic Impact of One Home Sale - NAR

So there are exciting opportunities for everyone right now, and you can even boost the economy when you make a move to help yourself.  Reach out to me anytime so I can help you with your next steps.

 

 

 


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

Enchanting 33 Pansy Circle!

Your home is your castle, and enchanting 33 Pansy Circle in Fairfield, is ready to make some dreams come true.  Take a look at the trending story…! 

33 Pansy Circle Photo

Perhaps you or a friend are the perfect addition to this coveted enclave? Everyone here is friendly and supportive of one another. It’s a warm and festive neighborhood atmosphere, and when the weather’s nice, everyone likes to be outside.  The basketballs and soccer balls have been known to bounce around the circle! Other times there’s a peaceful retreat to respective back yards for a relaxing barbecue. The residents can’t wait to greet their new neighbors!

This grand colonial finished on 4 levels is a gem on the university cul-de-sac! Amazing Teen-Suite/NannyQuarters/Office/Yoga Studio or 6th Bedroom with a full bath sits Possible Yoga Studioabove the charming peaked garage. Better than new, and much bigger than it looks from outside, this home features 9-foot ceilings and open flow.

It also offers incredible custom high-end details, including extensive millwork, Klaff lighting, Italian Bertazzoni stove, and even a garage with a gleaming epoxy floor and a Wifi door opener that magically responds to your smartphone commands! The elegant gourmet Eat-In-Kitchen and Breakfast Area open to the generous Family Room with stone fireplace.

Open Kitchen

The second floor includes a Master Suite with luxury bath and jacuzzi tub, three additional bedrooms, a large hall bath with a granite double-sink vanity and separate water closet and bathing area, and a Laundry Room.

Vaulted ceilings top the 3rd level with a large bright Bonus space, 6th Bedroom, & full bath.

The partially finished Lower Level with high ceilings adds 717 sq ft of living space featuring a huge Rec Room/Home Gym with a wall of built-ins, another large room (now the Ping-Pong room!) that can easily be finished, plus tons of storage.

The stylish Mudroom with stone floor leads to the patio and private fenced yard. Sunny Patio

Twilight Patio

This special abode also features in-ground utilities and sprinkler system, energy efficiency, and room for a pool. Walk to Osborn Hill, around the corner from Black Rock Turnpike amenities, minutes to town, train, beaches, and highways from this excellent location.

Take a virtual tour, watch the video walk-through, and check out the listing. Elegant & enchanting! Make 33 Pansy Circle your new home, and let your dreams come true!

As featured in the Connecticut Post!

33 Pansy Cir Hot Property          33 Pansy Cir Hot Proeprty 2

If you have any questions or comments about this post or would like to arrange to see this property, enter your note below, and you will receive a quick response.

 


Leave a comment

How’s the Spring Housing Market Doing this Year, 2018?

The 2018 spring real estate market has been hot so far!  I have been busy helping people sell properties, search properties, and make their moves.  I’m ready to help you and your friends too.   Let’s connect on social!

Facebook.com/LindaRaymondRealEstate

LinkedIn

Instagram

I also invite you to click the graphic below to visit my website and learn more.

What have I been up to this spring?

Click Image to Visit My Website and Learn More

Now is the time to stay abreast of the housing market in your Connecticut towns of interest. You can do this by subscribing to the concise monthly housing newsletter pictured below as well as by setting up a property search or mortgage rate watch for yourself.  Click the image to view the selections, and opt-in!

Preview of Local Housing Newsletter

Click Image for Free Newsletter and Home Search Options

As always, feel free to reach out with any real estate questions or comments you may have. Call/text me any time at 203.912.4440 or submit your note below.  Happy Spring!


Leave a comment

Top 10 Reasons You Want This House: 6 Hillandale Lane, Greens Farms Westport CT

If you’re in the market for a new home in Westport Connecticut but aren’t sure which one’s right for you, here are the top 10 reasons this may just be the best new construction in town!

6 Hillandale Lane, Westport CT

6 Hillandale Lane, Westport CT

  1. Location, location, location!  (Okay, that’s three, but we’ll only count it as one!).  Situated just around the corner from the Post Road and right off prestigious Turkey Hill South near Martha Stewart’s previous residence, 6 Hillandale Lane is a prime location.  A protected wooded space buffers the property from any sites or sounds from the Post Road, yet the convenience to all the local amenities is there.  The home is also just four minutes from Greens Farms Station and 10 minutes from Saugatuck Station.  It is minutes from renowned Greens Farms Academy, Burying Hill Beach and the vibrant downtowns of both Westport and Fairfield.

    Greens Farms Station

    Greens Farms Station

  2. Neighborhood – The homes on Hillandale Lane each have a unique character and style.  Each is sited differently on its lot with attractive complimentary landscaping.  The neighborhood is lovely with residents of all ages and includes numerous multi-million dollar homes.
  3. Schools – People relocate to Westport from many places for the sought-after top-notch schools.
  4. Setting – Hillandale House is truly the centerpiece of the cul-de-sac on Hillandale Lane.  It has a commanding yet gracious presence from both Hillandale Road and Hillandale Lane.  At the same time, the home is tucked into the scenic private property and graced by a blend of skillfully designed and nature’s best landscaping that delivers the feel of country living. 6 Hillandale Lane Romantic Setting
  5. Views –  This special romantic setting extends its bonus to the indoors, offering stunning views of natural beauty from every room!
  6. Design – The home exhibits transitional style maintaining a timeless traditional silhouette while adding an upscale modern edge.  Windows are positioned to invite maximum natural light and scenic views.  Materials are top of the line and state of the art, such as Caesarstone countertops that are virtually indestructible, and epoxy flooring in the garage that resists dust, protects the slab, and looks super cool!
  7. Construction Team –  Coastal Construction has been building homes in Westport since 2003 and has built more than 80 luxury homes in Fairfield County. They have fine-tuned the art of quality home construction by providing careful attention to site design, layout, architecture, craftsmanship and the right location.
  8. Use of space –  The design team knows how people like to live.  So they incorporated the perfect blend of open-flow, separate private areas, and spaces for convenience. That’s why the Kitchen with large island with seating is open to the Great Room and the Breakfast Area. 6 Hillandale Ln Kitchen The Breakfast area is spacious enough to fit a dining room sized table and looks out to the backyard and patio.  This open-flow area offers many options for casual dining and entertaining.  The Formal Living and Dining Rooms offer a more intimate ambiance. The Mudroom features a walk-in pantry, walk-in closet and Powder Room for additional utility.  Four bedrooms reside on the second floor, and an additional bedroom with full bath is situated on both the third floor and walk-out lower level.  This provides privacy for various sleeping quarter arrangements.  6 Hillandale Ln Terrace from PatioThe walk-out lower level also includes a private zen-like Garden Terrace offering another separate sanctuary.  If a pool is added, this terrace also serves as access to the full bathroom downstairs. The well-thought-out design offers something for everyone and every occasion.
  9. Garage – Perfect for organizing your extra toys, furniture, bonus fridge, etc. this garage offers an extra half-bay for all your stuff.  With a door into the Mudroom off the Kitchen and a door straight to the backyard, this is the ideal hub to keep the fun times coming.  Did I mention the super cool epoxy floor?6 Hillandale Ln Garage
  10. Great backyard – If you crave a property that has both utility and undisturbed beauty, this is your place.  The backyard is wide, level, dry and fabulously scenic with a lovely wooded barrier, unlike the contrived, rigidly rectangular yards that snugly abutt their neighbors.  The pool can go just outside the walkout lower level with full bath.  The patio is the platform for enjoying a meal or watching the backyard happenings.  Whether you invite your friends or keep it to yourself, this is the perfect backyard for playtime and relaxation time alike. 6 Hillandale Ln Back Yard

If you would like more information about this property, please submit an inquiry below.  

SaveSave

SaveSave

SaveSaveSaveSave

SaveSaveSaveSave

SaveSave

SaveSave

SaveSave

SaveSave

SaveSave

Get a Realtor on Board!


2 Comments

Home Buying Tips In A Tight Market – What can a buyer can do to combat tight inventory?

If you are a home buyer and don’t see many options during your initial search online, make sure you get a Realtor on board to help you.  Get a Realtor on Board!

Even though inventory may be low and declining, there are at least three key actions your agent can take for you.  Make sure your agent knows what you are looking for, the location you want and your ideal timing.

  1. Armed with this insight, the first thing your agent will do is set up a search for you in the MLS. This allows other agents to conduct a ‘reverse search’ for your wish list items that could match a new listing they plan to put on the market.  They can call your agent who will then be among the first to know about the new listing that could be perfect for you!
  2. The next action your Realtor can take is to send an email to fellow agents in the offices around the town where you are looking that asks if they have a possible match coming to the market.  This can encourage sellers to expedite their plans and make their property available sooner than they had originally planned.  It also gets you first dibs on these homes!

Sample letter to homeowners

3. Last, but not least, your agent can write a letter or design a postcard describing your dream home and mail it directly to the homeowners on your favorite street or in the area you are focused on.

 

Sample Postcard

 

 

 

If you are a seller dealing with buyers that are circling and taking no action or facing a complete lack of buyers altogether, there are key action steps you can take too.

So don’t give into a slowing market, surge ahead, get the market to work for you, and make your move!

For questions or help in this market, send me a note using the form below.

Wasted time costs you money


3 Comments

Are You Choosing the Right Real Estate Attorney?

Many people come to their Realtor with an attorney already on board.  They figure the attorney is of no concern to their agent thinking that if they know the attorney or have dealt with them before, that lawyer is the best option.  They may think a recommendation from a friend covers all the bases.  Besides price, most people haven’t considered the critical factors below about the attorney they hire to successfully close their real estate transaction.

Here’s a Top 10 List of questions you should know the answer to before bringing your attorney on board-

  1. Does he play well with others?   There are real estate attorneys that give their egos priority over their fiduciary responsibility to their clients.  These lawyers may decide they don’t like the lawyer on the other side of the transaction and deliberately try to kill your purchase or sale as an assault on that attorney. Play well with others?Your Realtor may have worked patiently and tirelessly to successfully negotiate optimal terms for you thus far only to then work triple-time behind the scenes to keep your purchase or sale together because the attorneys are butting heads. You may know nothing about this unless your sale falls through because of it. You want to work with a lawyer that relates professionally with all parties in the transaction at all times. Otherwise, they are being counter-productive and are doing you (and everyone else involved) a disservice.
  2. Does she know the TRID lending regulations?  There are lending regulations that require a three-day period before closing for the buyer to review all the final numbers compiled by the attorneys. This requires attorneys to be well organized and proactive in compiling the credits, debits, and allocations of taxes, insurance, oil deliveries, etc. earlier than in the past. There are also new forms they need to be familiar with.  If your lawyer is not up to speed with the new regulations, your closing can be significantly delayed at the last minute as a result.
  3. Is he overly chatty or verbose, adding to your bill?  I have worked with attorneys that have kept me on the phone for almost half an hour every time they called and then complained about all the extra time they are spending on the case, stating that they will have to bill for it. I’m sure this is not what you want.Wasted time costs you money
  4. Does he communicate effectively with you, your agent, the lender, and the other attorney? There are attorneys that act like it’s beyond their scope of work to communicate effectively with the other parties in the transaction.  Some barely respond to calls or emails at all! Communication is a critical component in your purchase and sale because the lender, the two Realtors, and the two attorneys have a huge amount of detail to coordinate in order to keep your sale on track. entrepreneur-1001611__180 If any of the players are “missing in action” it prevents the process from progressing efficiently, and critical information can fall through the cracks.
  5. Does she specialize in real estate?  If your attorney focuses more on criminal law, divorce, or other areas besides real estate, you can end up with an attorney that is in court or unavailable when you need them at a critical time. Specialized in real estate
  6. Is she familiar with the local regulations and practices? You want to be sure your attorney is knowledgeable about the local area of the home you are buying or selling. The process and attorney responsibilities can vary from county to county.  There may also be issues that arise about boundaries, zoning regulations, permits or other things specific to your town that your attorney will need to know about.
  7. Does she have a paralegal?  Many attorneys diversify their workload to include more lucrative endeavors than real estate closings.  This is fine for you as long as they have a paralegal and/or partner in her practice to keep everything on track when she is focused elsewhere.  Otherwise, you and everyone else involved in the transaction can be stuck ‘dead on the vine’ waiting for a critical response or document.Paralegal or partner?
  8. Is he efficient? Some attorneys are content with creating delays and taking their time to get things done. Efficient?Ask any lender or real estate agent what’s important about an attorney, and they will tell you efficiency (second to good communication)!  The entire transaction is on the clock from the moment an offer is accepted.  The attorney must send and receive the contract in the allotted timeframe and then get it to the lender. They must complete a title search and address questions and concerns in a timely fashion, and they need to prepare all the closing documents on time, or your closing could be postponed.
  9. Is she versed in your areas of specific concern? If you know your transaction will involve added elements of complexity, you want to be sure your attorney can still handle it with ease. For example, if you are moving out of state, coordinating a purchase and sale or pursuing a short sale, run this past your agent and potential attorney up-front to assess their experience and comfort level.
  10. Has your agent recommended him or her? Last, but not least, the most thorough insight you can get on your would-be attorney is from your Realtor.  Thumbs upMany of the questions above are not ones you can easily get answers to by interviewing the attorney directly or even from a friend who’s used him or her. If your agent hasn’t worked with the lawyer directly, he or she can ask other agents how well that attorney as served his client and worked as a team player for a successful transaction in the past. Your agent’s only interest in the attorney you hire is to get a solid team member on board to help ensure a smooth move for you!

Is there an attorney you are considering that you would like feedback about?  Have you had a good or bad experience you would like to share?  Is there something you would add to the list above? Your questions and comments are welcome below.

 

SaveSave

SaveSave

SaveSave


4 Comments

Nothing Like a Great Back Yard on a Holiday Weekend!

My own backyard in the Fairfield beach area is one commonly referred to as a ‘postage stamp’, though it still manages to accommodate our trampoline and numerous get-togethers.  However, some good friends of mine in Westport have a much more spacious backyard with abundant space for fun, games and big-time bashes.  We’ve been to quite a few, with the latest one being Memorial Day weekend 2016!

Hillandale Back Yard and Patio

It turns out, these friends have just moved their social agenda to another gorgeous yard (and home) nearby.

New Home, New Back Yard!

The good news for all of you readers out there is that the wonderful backyard my friends have left now has a brand new house on it that will be ready to support a new source of festivities!

Tucked away just off Turkey Hill South, a new home sits on a quiet country lane cul-de-sac. Carefully designed and finished on four levels, this home will feature elegant transitional style with open flow and ethereal light. Romantic landscaping and plantings surround the level property making it super for entertaining, fun in the sun, and peaceful relaxation.  It is the Hillandale House.

6 Hillandale Lane, Westport CT

6 Hillandale Lane, Westport CT

The builder, Coastal Construction Group, has fine-tuned the art of quality home construction by providing careful attention to site design, layout, architecture, craftsmanship and the right property location. As we all know, a home is more than just the place we live, it’s the foundation for everyday living.  Added bonus?  This home is located four minutes from Green’s Farms station and under an hour from Manhattan!

Take a look at the sneak peek video, and visit the listing online and check out a snapshot of the progress!  Perhaps you know someone who has been weighing the options of renovation versus new construction and this may be a consideration?  If you or a friend may be interested, reach out to me at 203-912-4440 or send a note below.

In the meantime, whether it’s Memorial Day, Father’s Day, a graduation party, or just plain summer fun, here’s to a great backyard barbecue!

 

SaveSave

SaveSave