Archive for June, 2009

Buyers Want Value

Tuesday, June 30th, 2009

The market is NOW.  Buyers looking to buy now may want to get into their new home before the start of the school year.  Therefore, sellers must price their homes realistically in today’s market.  Buyers need to perceive VALUE.

By over-pricing your home, you are just helping another house to get sold.

Be smart and price your home to sell.  If your price is not attractive, you won’t get showings, and if you don’t have showing, you won’t get offers.

Don’t just put your home on the market, be in the market, and get it sold.

Posted in Westport Real Estate | No Comments »

Local Housing Data Westport May, 2009

Tuesday, June 30th, 2009
Sales
Sales in May were 16. This is down 33.3% from 24 in May of 2008. Sales/list price ratio in May moved down to 89.3% from 90.8% in April.

Unit Sales Westport

Prices
Median price in May was $810,000. This is down 47.4% from $1,540,000 in May of 2008. Average sale price (most recent 3 months) is $1,148,944, down substantially from $1,618,655 in 2008.

Median Sales Price Westport

Inventory
Inventory is 440, up moderately from 405 in 2008. New listings of 66 in May were down substantially from 103 in April and down considerably from 87 in May of 2008.

Total Inventory Westport

Market Time
Days on market of 133 in May was up somewhat from 114 in April and up substantially from 89 in May of 2008. Months of supply in May moved up to 21.8 from 20.5 in April.

Market Time for Sold Westport

Posted in Uncategorized, Westport Housing Data, Westport Real Estate | 1 Comment »

Local Housing Data May,2009 Weston

Tuesday, June 30th, 2009
Sales
Sales in May were 7. This is up 75.0% from 4 in May of 2008. Sales/list price ratio in May moved down to 90.3% from 94.4% in April.

Unit Sales Weston

Prices

Median price in May was $900,000. This is up 29.5% from $695,000 in May of 2008. Average sale price (most recent 3 months) is $1,230,539, up considerably from $1,069,488 in 2008.

Median Sales Price Weston

Inventory
Inventory is 190, down moderately from 200 in 2008. New listings of 32 in May were down considerably from 39 in April and down substantially from 43 in May of 2008.

Total Inventory Weston

Market Time
Days on market of 142 in May was way up from 81 in April but down considerably from 168 in May of 2008. Months of supply in May moved down to 21.7 from 21.8 in April.

Market Time for Sold Weston

Posted in Uncategorized, Westport Housing Data, Westport Real Estate | 3 Comments »

Local Housing Data May, 2009Fairfield

Tuesday, June 30th, 2009
Sales
Sales in May were 31. This is down 11.4% from 35 in May of 2008. Sales/list price ratio in May moved down to 90.9% from 93.0% in April.

Unit Sales Fairfield

Prices
Median price in May was $546,000. This is up 0.2% from $545,000 in May of 2008. Average sale price (most recent 3 months) is $708,142, down moderately from $738,064 in 2008.

Median Sales Price Fairfield

Inventory
Inventory is 623, very slightly up from 608 in 2008. New listings of 133 in May were down marginally from 135 in April and down modestly from 138 in May of 2008.

Fairfield Total Inventory

Market Time
Days on market of 115 in May was up considerably from 79 in April and up moderately from 107 in May of 2008. Months of supply in May moved up to 16.0 from 14.8 in April.

Market Time for Sold Fairfield

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Local Housing Data May 2009 Greenwich

Tuesday, June 30th, 2009
Sales
Sales in May were 18. This is down 55.0% from 40 in May of 2008. Sales/list price ratio in May moved down to 88.5% from 89.0% in April.

Unit Sales Greenwich

Prices
Median price in May was $1,400,000. This is down 19.7% from $1,743,750 in May of 2008. Average sale price (most recent 3 months) is $2,091,013, down considerably from $2,722,313 in 2008.

Median Sales Price

Inventory
Inventory is 812, way up from 665 in 2008. New listings this month are 127, the same as last month.

Total Inventory Greenwich

Market Time
Days on market of 154 in May was down somewhat from 178 in April but up considerably from 136 in May of 2008. Months of supply in May moved up to 68.4 from 59.3 in April.

Market Time for Sold Greenwich

Posted in Uncategorized, Westport Housing Data, Westport Real Estate | No Comments »