Thursday, May 17, 2012
RE/MAX of New England reported a 3.8 percent increase, according to the Norwich Bulletin.
RE/MAX of New England reported this week that the number of homes in Connecticut sold during the month of April increased by 3.8 percent compared to the same last year, according to the Norwich Bulletin. Last month, 2,461 homes were sold, up from 2,371 last year. The median sale price, however, decreased by 0.4 percent and as well as inventory — from 31,883 to 28,133. Out of the six states in New England, New Hampshire saw the largest increase in sales at 20.2 percent, while Rhode Island showed the largest decline in prices at 5.8 percent. Massachusetts and Maine, in fact, were the only states that didn't see their home sale prices fall. The lower Fairfield County metro area, in particular, saw an 18 percent decline in single-family home…
Friday, May 11, 2012
Sold in Ridgefield this week.
Thursday, May 10, 2012
The Bridgeport-Stamford-Norwalk metropolitan area had the second largest decline in single-family home prices during the first quarter, according to the Connecticut Post.
While half of the cities in the U.S. saw an increase in prices for single-family homes during first quarter, the National Association of Realtors is reporting an 18 percent decline in the Bridgeport-Stamford-Norwalk metropolitan area, according to the Connecticut Post. Only Ulster County, NY, saw a larger decline at 22 percent. Mobile County, Ala. and Atlanta-Sandy Springs-Marietta, Ga. followed Bridgeport-Stamford-Norwalk with 14.7 and 12 percent, respectively. The Cape Coral-Fort Myers, Fla. region saw the largest increase in single-family home prices at 28 percent. Martin Nirschel, a broker with Weichert Realtors in Stamford, told the Post that the decline in the area might be due to a softening in the high-end market, which may be "…
Friday, May 4, 2012
Home sales listed here were conveyed this week by the Ridgefield Town Clerk.
Friday, April 27, 2012
Property transfers documented this week by the Town Clerk's office.
Monday, April 23, 2012
Mid-tier home values in 14 Fairfield County cities and towns have diminished by an average of nearly $250,000 since 2006.
Much of the United States has been on a slow path to recovery following the "Great Recession," but recent real estate data reveal that Fairfield County home values have dropped continuously since 2006, when the market peaked. According to the UConn School of Business’s Center for Real Estate and Urban Economic Studies, mid-tier* home values in 14 Fairfield County cities and towns have diminished by an average of nearly $250,000 since 2006. Dr. John Glascock, director of the Center, blames the “severe downturn” in real estate on the national liquidity crisis, which led to the bankruptcy of large financial institutions like Lehman Brothers. While some look back at the subprime mortgage crisis as a huge factor that led to the Great Recession…
Thursday, April 28, 2011
The Spring Real Estate Market has arrived! Check out this weekend's open houses.
This week in Ridgefield Real Estate... See below for this weekend's open houses: Sunday, May 1, 1-3 p.m. For additional details on the Ridgefield real estate market or any of the surrounding towns call Sandra Juliano at 203.249.8625.
Thursday, April 21, 2011
It was an encouraging start for the first quarter of 2011.
The Ridgefield homes sold in the first quarter of 2011 showed an almost 20 percent increase from the same time period in 2010 (and a 54 percent increase from 2009!). Average sale price was also up: $732,874 in the first quarter of 2011 from $693,111 in 2010, an increase of almost 6 percent. Another sign of strong sales energy in the local market is the increase in higher priced home sales. In the first quarter of 2011 there were 11 homes sold in the above-$1 million price point, as compared to just three in the same time period in 2010. Read the full 2011 first-quarter report to the right to see more statistics, an overview of the surrounding towns plus an update on mortgage rates. Last week's Real Estate news.... Homes sold in Ridgefield…
Saturday, August 21, 2010
Real estate is a team sport.
You can't win at basketball, football or baseball without a solid team. Likewise, a winning real estate transaction relies on a team of professionals working together on your behalf. And just like in sports, it's important to pull your team together before the game begins. Buyers and sellers alike rely on the various players to provide professional real estate services. When starting to think about making a move, the first thing to do is to hire your team manager, the real estate agent. Your agent will coordinate all aspects of the transaction and can help you fill out your team before you get too far along in the process. The last position you want to be in is looking for a lawyer or mortgage broker after you've made a deal on a property…
Saturday, August 7, 2010
Sell when that's what you need to do at that point in your life.
Things are better in Ridgefield real estate—better because homes are selling, prices have stabilized and people are moving forward with their lives. At least that's how things look today. Tomorrow is anybody's guess. And I really mean that it's a guess. Everyone wants to know if the worst is over, if values will start rising again, if the pace of sales will pick up to 2005 levels. We all see the papers, websites and TV news reports. And just like the weather, every day the forecasts change. Prices stabilizing, prices rising, prices falling, foreclosures will double, mortgage rates will rise, unemployment will worsen, the recession is over, great time to buy… Just like the stock market (or any other market), there are many pundits and …
Michael Gibney
9:10 am on Friday, April 27, 2012
According to Coldwell Banker Real Estate, 48 East Ridge is still for sale listed at $1,949,000. more ›