Linda Raymond Real Estate Blog, Fairfield, Westport & More

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

1 Comment

Get to the First Beachfront Open Houses in 2016!

Well, the winter weather was balmy for awhile, but we’re off to a brisk start for the New Year.  It’s a perfect time to dream about summer, so mark your calendars for some great beachfront open house events you can look forward to!

Birdhouse by Russian Beach, Lordship

Birdhouse by Russian Beach, Lordship

Lordship Lifestyle at Russian Beach
OPEN HOUSE: Sunday, January 24,  1-3 PM

Visit this better-than-new colonial with a new price of $859,000 and water views from every room!  Enjoy an open flow, high ceilings, ample light and a private fenced yard for relaxing and entertaining.

See the Listing
Take a Quick Tour

Kensie Point on the Sound
OPEN HOUSE: Sunday, February 28,
 1-3 PM

Come to the beach in Fairfield to see this turnkey beachfront condo priced at $845,000 and enjoy the fabulous water views!

Sunset at Pine Creek Beach, Fairfield

Sunset at Pine Creek Beach, Fairfield

See the Listing
Take a Quick Tour

Come to the beach and make an offer that can change your life!

Contact us with any questions or to request more info-

1 Comment

Beach Area Housing Market Still Hot & the Buyers Are Out!

One might think that in the wake of the storm and with the approach of the holidays, the Fairfield beach area real estate market might be sluggish.

Not if the open house activity at a new beach area listing last Sunday was any indication!  A colonial farm house on Charles Street (see photo) had 17 buyer groups and one agent come for a look!  The home is on the market for $525,000 and located about a half a mile from town and a mile from the beach.

House Beach Grass Optimized 800x600

Another sign of market strength in the beach area is the reduced months of inventory.  This October there were just 10 months worth of homes for sale compared to last October when there were 23 months worth.  Months of inventory is calculated based on the number of active listings and the average rate of sales during the prior recent months.  Fewer months of inventory suggests that properties are selling and the market is healthier.

Last but not least, the median (midpoint) sale price of single family homes in the beach area has been rising since the low of $605,000 in 2010.  It reached $750,000 this year in October, approaching the 2007 level (see attached chart).  This shows that homes have been selling across a good range of price points, and it may even suggest that home values could be improving!

Fairfield Beach Area SF Median Sale Price Nov2012

So there you have some positive real estate news to be grateful for this Thanksgiving! Feel free to contact me any time to talk about your real estate questions and moving plans, 203-912-4440, – Linda

Originally Posted on Fairfield Patch November 20, 2012 at 11:05 pm

Leave a comment

Craving that Pre-Storm Beauty Again… Plus Some FAQs on Our Local Housing Markets

I’m sure I’m not alone in missing the feeling of safety and normalcy we knew before Sandy hit.  The loss of that state of calm is captured in the stark difference between the two photos.  The first picture was taken about two weeks ago on the bridge from Sasco Hill Road to Harbor Road and the second at the stop sign between Reef Road and Oldfield on Halloween.

View from Sasco Bridge Oct 2012

Photo Oct 31, 3 56 38 PM
But as they say, the show must go on.  So here are some responses to frequently asked questions about our towns’ housing markets, and I must say, the outlook appears rather sunny!

Are sales up or down?
Sales were up ten percent in Fairfield through September this year and down slightly, (-3%) in Westport compared to 2011.  There were  44 more homes sold in Fairfield, and Westport sales were off by just eight.

Are sale prices up or down?
In Fairfield, there was virtually no change (less than one percent) in the midpoint (median) sale price, and the average sale price was down slightly, at four percent less than last year.

In Westport, the average sale price was up six percent, and the median jumped 32% to $1,225,000 from $1,086,000 last year.

What are the hottest price points?
Forty percent (111) of homes sold in Westport this year closed between $1,000,000 and $2,000,000.  The next highest selling category was $500,000 to $1,000,000 with 99 homes sold, accounting for 38% of the sales this year. Fifteen homes sold for $3,000,000 or more.  The lowest sale price in Westport this year to date was $390,000 and the highest was $5,250,000.

In Fairfield, 185 homes sold between $250,000 and $500,000 contributing to 40% of the sales.  The close second-place category was $500,000 to $1,000,000 with 180 sales and 38% of the total.  The lowest sale price was $90,000 and the highest was $5,750,000.

Have buyers and sellers been in close agreement on price?
The average sale to list price ratio has been at 96% since last year in Fairfield.  The ratio in Westport was 95% at the end of September, down slightly from 96% last year.  This means that there has been fairly close agreement among buyers with the sellers’ final asking price.   In some cases, the sellers needed to adjust their prices before attracting an offer, but in many cases sellers were able to price accurately with the market and obtain one or several strong offers.  Many sellers received full price offers.

What’s the upcoming forcast?
From the listings already under contract and with accepted offers, we can expect to see at least 58 sales in Westport and 127 in Fairfield in the next few months.  This is very positive compared to last year at this time when there were only 44 anticipated sales in Westport and 87 in Fairfield.  These numbers suggest a 32% increase in anticipated sales in Westport and 46% increase in Fairfield since last year!

As always, please continue to contact me with your questions about the local housing market and your personal plans for moving forward!

Originally Posted on November 6, 2012 at 3:47 pm

Leave a comment

The Calm Before the Storm (Irene)… and a Quick Update on the Housing Market

I live a good 0.8 of a mile from the beach, so I wasn’t as concerned about flooding as I was about the wind.

By the look of Sasco Beach Friday at 7 p.m., it was hard to imagine the rough tides, flooding and high winds to come.


Nevertheless, I opted to pass the storm at my parent’s house in Westport. It so happened that our friends on Fairfield Beach Road were then able to spend Sunday night at our Fairfield house after returning from a Shelton hotel to find ample flooding around their home. The flooding extended more than a block inland from the shore!


A bit less dramatic this week, was our Fairfield housing market.

With 495 single family homes for sale at the time of this post, the inventory was lower by nine houses compared to last month and five homes compared to last year at this time. Seven percent of the homes had accepted offers which was consistent with binder counts at the end of August in the past three years and just one percent less than in July. Sixty listings were under contract for pending sale. This count was down by 74 contracts last month but up by five contracts from last year. Eighteen new single family listings hit the market during past week, and many more will likely follow suit as we recover from Irene and head into back-to-school mode.

Originally Posted on Fairfield Patch August 29, 2011 at 10:07 am