Greenwich, Ct. Real Estate Market Report April 2013.

April 30^th, 2013.

Currently the Greenwich Multiple Listing Service, GMLS, is reporting 539 single family homes listed for sale in Greenwich, Ct. The prices range of these homes range from $449,000 for a one bedroom  1,141 square foot home on 0.21 acres up to a $32,995,000 seventy-five acre estate with a 15,862 square foot Elizabethan inspired Tudor Mansion.

Year to date the GMLS reported that there have been 127 single family home sales with an additional 185 homes under accepted offer and/or contracted to sell.*

To find home for rent or for sale in Greenwich, Connecticut please go to this easy to use link.

Action In The Darien, Ct Real Estate Market ~ Spring 2013.

Action In The Darien, Ct Real Estate Market ~ Spring 2013.

April 3^rd, 2013.

First Quarter of 2013 the real estate market of single family homes in Darien, Connecticut has held its own compared to same time last year with sales and prices slightly down but with average square foot prices slightly up.

The big news is that currently on the Darien MLS there are 71 homes under deposit and/or with accepted offers and another 122 homes listed for sale. The single family homes for sale range price from $375,000 for a 3 bedroom 936 square foot home up to $15.9 million waterfront estate on 3.16 acres with a 12,000 square foot custom built Hobbs home.

Fairfield County, Ct. has Highest Density of High Income Households.

The U.S. Census Bureau just released its report ‘The Geographic Concentration of High-Income Households: 2007-2011’ with the Bridgeport-Stamford-Norwalk, Connecticut region having the highest concentration. The census report finds that 17.9% of households in the area have incomes in the top five percent nationwide which is above $191,469 per year.

San Jose-Sunnyvale-Santa Clara, California came in second with 15.9%

Washington-Arlington-Alexandra, DC-VA-MD-WV came in third with 14.1%.

On a state-by-state basis, Connecticut has the third highest concentration of the ultra-wealthy at 9.5 percent, behind Washington, D.C. at 11.4 percent and New Jersey at 9.8 percent.

New Construction Homes in Darien, Ct for the New Year 2013.

 

With the New Year comes opportunity for moving into a brand new constructed home in Darien, Connecticut. Some of these homes are move in ready and some are still in construction phase where you can choose your finishes.
The four I will highlight in this week’s newsletter are:

~ Kensett Home Community of 62 custom designed homes on 16 acres with walking trails, pool & club house. Prices range from $1.3 to $1.55 million with square feet running between 3,300 up to 4,480.

~ Noroton Green are 8 certified “green” homes with state of the art energy-efficient mechanicals and materials. These homes are approx. 3,000 sq. ft. with 3 bedrooms, 3 ½ baths starting at $1.295 million.

Custom Deluxe Homes.

~ 358 Hoyt Street a 3,500 square foot home on 0.80 acres, spray foam insulation, 3 zone HVAC system, large eat-in gourmet kitchen offered at $1,399,000.

~ 312 Noroton Avenue is a timeless custom Colonial design with all the high end bells and whistles is a 5745 sq. ft. home on 0.35 acres offered at $2,295,000.

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2013 Cost Vs. Value of Home Improvements Connecticut.

The 2013 Cost vs. Value report by Remodeling Magazine is out and it shows a positive sign for the remodeling industry with the national average of cost-value ratio rising for the first time in six years.

The report is broken up into nine regions of the United State with the Connecticut and New England Region showing an uptick in value of all projects compared to last year’s report. For Connecticut the report is broken further down to New Haven and Hartford with a downloadable pdf.

The national data of the Cost vs. Value report compares the average cost of 35 popular remodeling projects with the value of those projects retain at sale. You can view national data for the projects or go to regional data for a more detailed look as well as mid-range vs. high-range remodel values.

2012 Real Estate Report for Darien, Ct.

Real Estate Year End 2012 Market Report for single family homes in Darien, Connecticut compared to 2011 show a 23.3% improvement in homes sold.  Along with that average days on the market decreased by 5 days and yet average sale price was down 8.7%. When you dig a little deeper the average size home was about 5% less in 2012 (3,266 sq.) to that of 2011 (3,438 sq. ft.).

Currently there are 90 single family homes listed for sale on the Darien MLS down from a yearly average of 175 to 200 listings. Currently prices are ranging from $365,000 for a 1,200 sq. ft. Ranch on 0.27 acres up to $26,000,000 for an 8,800 waterfront estate on 5.25 acres.

 

 

For further information about homes in lower Fairfield County, Connecticut call David Popoff

at William Pitt Sotheby’s International Realty in Darien, Ct.

cell 203-228-0646

email DavidPopoffCT@hotmail.com

2012 Year End Rental Report for Greenwich, Ct.

Dec. 20^th, 2012.

Year to Date, Year over Year Greenwich Single Family Home Rentals Statistics.

~ For 2012 there has been 394 single family homes rented compared to 416 in 2011.

~ The average sizes of the homes are 4 bedrooms, 3 bathrooms with an average rental of $7,531 in 2012 compared to $7,160 in 2011.

~ Average days on the market for rentals in 2012 are 66 compared to 2011 of 52.

Currently on the market in Greenwich, Connecticut* there are 107 single family homes being offered for rent from a 3 bedroom, 1 bath Cottage at $2,200 up to a 5 bedroom Estate on 4.5 acres being offered at $46,000 per month. There are also many apartments, condos and multifamily units available with a starting price of around $1,500.

To view what is currently available in Greenwich please click here.

 

DMK Property Management llc offers a full range of services for the Greenwich area, please visit our website.

 

*Information provided by the Greenwich MLS.

 

David Popoff is a Connecticut license real estate agent in lower Fairfield County and is a designated “Green” Realtor at William Pitt Sotheby’s International Realty in Darien, Ct.

cell 203-228-0646

email DavidPopoffCT@hotmail.com

Darien, Ct Home Market Report, November 2012.

With year end in sight let’s take a look on how the single family home sales in Darien, Connecticut. Year to Date, Year over Year total dollar volume sales are up 9.5% with over all homes sold up 20.4%. Yet average sales prices are down 9% from an average of $1,682,391 in 2011 to $1,530,772 in 2012. Part of the reason for this decline is that the average home size is down 200 square feet from 2011 of 3,798 sq. to 2012 of 3,598 sq.ft.

Looking at an average square foot price of sold single family homes in Darien:

• 2011 YTD was at $477.09
• 2012 YTD is at $461.15

Another good sign for the Darien housing market is that the average days on the market for a listing is down 5.1% from 2011.

Fairfield County, Ct Real Estate Agent Receives NAR’s 2012 EverGreen Award.

David Popoff with William Pitt Sotheby’s International Realty was one of six recipients nationwide to receive the 2012 EverGreen Award from the NATIONAL ASSOCIATION OF REALTORS’^® (NAR’s) Green REsource Council. The award ceremony was held at the annual National Realtor Conference in Orlando, Florida on Sunday November 11^th, 2012. Below presenting the award from NATIONAL ASSOCIATION OF REALTORS’^® (NAR’s) Green REsource Council are Amanda Stinton (left) and Tonette Lauer (right) with David Popoff.

NAR’s EverGreen Award 2012

DMK Property Management in Darien, Ct.

Serving lower Fairfield County of Connecticut DMK Property Management llc is a locally owned company located in Darien. Their unique business plan allows the principals to offer custom tailored service packages to homeowners, landlords, investors and new to the neighborhood residents.

Services offered can range from daily, weekly and monthly home check ins while the family is vacationing to full estate management. Other service include rental property administration, short and long term relocation supervision, opening and closing of weekend homes, home safety and maintenance checklists.

With over 75 years combined experience in residential property, DMK is a full service hands on property management company. To learn more about the principals of the company please visit us at DMKpropertymanagementllc.com and “Like” us on our Facebook page.

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David Popoff is a Connecticut license real estate agent in lower Fairfield County and is a designated “Green” Realtor at William Pitt Sotheby’s International Realty in Darien, Ct.

cell 203-228-0646

email DavidPopoffCT@hotmail.com