October 6th, 2012 |
Life in Fairfield County
, Market Updates
Here’s a list of paid Westport property transfers from Sept. 3 to 7, as reported by the town clerk’s office, and published in the Westport Daily Voice.
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▪ 232 Compo Road S.: Sold by Jerilyn Medrea and Kathleen McHugh to Sara Carrol for $1,651,500.
▪ 8 Keenes Road: Sold by Peter and Juliet Harker to Patrick and Susan Hendricks for $895,000.
▪ 319 Post Road E.: Sold by Westport Country Playhouse LLC to JL 319 LLC for $1.1 million.
▪ 9 High Point Road: Sold by Joyce Singer to Mattera Construction 9 High Point for $1.15 million.
▪ 10 Compo Hill Ave.: Sold by Richard and Cynthia Sher to Susan and William Filonuk Jr. for $1,695,750.
▪ 59 Crescent Road: Sold by Fazal and Danielle Merchant to Gilberto and Fabiana Carvalho for $1.225 million.
▪ 146 Lansdowne: Sold by Robert Miller Jr. to Phyllis M. and Henry Lee for $637,000.
▪ 14 Compo Hill Ave.: Sold by Ronald T. and Susan D. Benizio to Patricia J. Rost for $1,162,500.
▪ 12 Juniper Road: Sold by Keith M. and Nicole D. Lombardo to Frederick H. and Greer D. Kneip for $1.314 million.
Lisa M. Bender
Connecticut Classic Homes
October 2nd, 2012 |
Here’s a list of home sales and property transfers in Wilton from Sept. 21 to Sept. 27 as reported by the Wilton town clerk’s office, and reported in the Wilton Daily Voice:
▪ Kevin M. Higgins sold 33 Skunk Lane to Ning Sun and Jianwei Wang for $910,000.
▪ Angela H. B. Montague sold 118 Indian Hill Road to Douglas A. and Theresa L. Miller for $692,000.
▪ Wendy Bacher Boyd sold 8 Glen Ridge to Elizabeth Farley Clark Benz for $375,000.
▪ Diane B. Burleson, executor, sold 40 Black Alder Lane to John R. Lynch for $342,000.
▪ Melissa S. Ritchey sold 18 Own Home Ave. to Danielle N. and Jason L. Freeman for $265,000.
▪ Lambert Common Real Estate Trust sold Lambert Common Garage Unit G-50 to Carol W. and Henry P. Hill for $20,000.
Here’s the link to the full article.
April 26th, 2012 |
, Market Updates
Chart from National Association of Realtors.
It’s a great time to purchase real estate in the U.S. With inventory at an all-time high, prices at or close to rock bottom, and mortgage rates at historic lows, people are again considering real estate as an investment to round out their portfolios. And foreigners are in the game.
A new report released by the National Association of Realtors (NAR) details the trend. The number of sales to foreigners not residing in the U.S. continues to be holding in the 2 percent range, proving that individuals worldwide are taking advantage of our market, recognizing its value and the propability of values rebounding. (click here for NAR’s full report)
Other NAR surveys have indicated that an additional 2 to 3 percent of residential sales are made to those international customers who live in the U.S. Additional information on international activities is available here.
For much more detail on what that means specifically to Connecticut, follow the link below.
Extensive Data on Connecticut Business Data for International Real Estate Transactions is Available here.
Lisa M. Bender, Lisa@CTClassicHomes.com
January 31st, 2012 |
, Market Updates
I attended a very interesting presentation today given by Dr. Lawrence Yun who is the Chief Economist for the National Association of Realtors. It was refreshing to walk away with some positive information and perspectives. Here are a few things he shared that I found particularly insightful on the current housing market:
- If you look back over the past 40 years, the best “affordability” conditions for purchasing a home currently exist TODAY – this is based on an index of 3 factors: 1) Income 2) Home prices and 3) Mortgage rates.
- There are markets around the country including local markets in Fairfield County, CT where home prices have already started to increase. Dr. Yun predicts that on a national level we will begin to see modest price increases of 2 – 4% per year over the next few years.
- Other improving factors for higher home sales that we’re beginning to see are 1) Job creation (though slowly) 2) Stock market recovering from 2008 and 3) Rising rents and larger pool of qualified renters.
- The one factor that will make a big difference for increasing home sales in the future is if lending goes back to “normal” (banks are now sitting on huge cash reserves, if lending opens up this will have an enormous positive effect on home sales).
Let’s hope the economy continues to show positive signs of momentum. If you are interested in reading more about Dr. Yun’s insights, click here.