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

Lower Home Prices & Mortgage Rates = Opportunity in Fairfield County, Ct.

May 11^th, 2012.

With rental rates rising nationwide owning a home seems more affordable now especially with mortgage rates yet again hitting a record low. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year loans ticked down to 3.83%. That’s the lowest since long-term mortgages began in the 1950s. And it’s below the previous record rate of 3.84% reached last week (USA Today)

 In lower Fairfield County, Connecticut the year to date data is mixed with unit sales and median sales price are flat or down compared to the same time last year as but with more new listings on the market compared to last year. Click on town name to view full report.

GREENWICH

 

STAMFORD

 

DARIEN

 

ROWAYTON

 

NORWALK

 

NEW CANAAN

 

Darien, Ct Broker’s Open House Preview ~ 4/26/2012

April 26th, 2012 Broker’s Open House, Darien, Connecticut.Four homes that shined this week on Broker’s Open House tour that include:-

~ Classic expanded colonial saltbox on 2 acres.

~ An updated contemporary home with energy efficient solar hot water and heating.

~ High end new construction, 4000+ sq. ft.

~ 1999 Unique Architectural detailed designed by Roger Bartels in Tokeneke Assoc.

Click on links below for listings, pictures and more information….

2006 vs. 2012 Fairfield County, Connecticut Real Estate Market Report by UConn.

According to the statistics that the University of Connecticut’s School of Business’s for Real Estate and Urban Economic Studies home value prices over all have fallen from their peak in 2006 in Fairfield County, Connecticut by an average of almost $244,047.

According to the report mid-tier* home values in 14 Fairfield County cities and towns have diminished since 2006 with New Canaan having the largest decrease of $533,058 and Monroe at the opposite end with accumulated decrease of $129,584. Obliviously these are reflective of the median price point of single family homes in each town. Currently in:

• New Canaan the median sold price Year to Date March 2012 is $1,080,000.
• New Canaan median sold price Year to Date 2011 was $1,971,750.
• Monroe the median sold price Year to Date March 2012 is $331,250.
• Monroe median sold price Year to Date 2011 was $378,000.

For more local town housing market statistics go to William Pitt Sotheby’s Local Market Trend Reports. Click on charts below for larger view.

1st Quarter, 2012 Real Estate Report for Darien, Connecticut.

April 10^th, 2012.

1 st quarter 2012 year to date single family homes in Darien, Connecticut have seen an increase of homes sold compared to last year with a 3.45% improvement along with new listings jumping up 48.65%. Even with  the increase of activity the median sold price has dropped year to date compared to last year by 11.18% from $1,275,000 in 2011 to $1,132,500 for first quarter 2012.

On the Darien MLS there are also an additional 78 single family homes that are under deposit and/or have accepted offers. With that there are also 180 single family homes for sale ranging in price from a 2 bedroom, 1 bathroom cottage listed at $395,000 up to a 2003 built 6433 square foot waterfront home listed at $8,950,000.  

If you would like to see the the year end report for Darien, Ct. for the past 3 years click here.

click on picture to view larger.

U.S. Macro Economical Trends and Fairfield County, Ct. Real Estate Market 1st Quarter, 2012.

“Supply and Demand First Quarter 2012” video with Paul Breunich describes what macro economical factors are affecting Fairfield County, Connecticut’s real estate markets for the first quarter 2011 and what we should be expecting to see in the future.  Topics covered are the Consumer Confidence Index, Gross Domestic Product ~ GDP, mortgage rates, employment and the European Economy effect.

Paul E. Breunich is President and Chief Executive Officer of William Pitt Sotheby’s International Realty and Litchfield Hills Sotheby’s International Realty in Connecticut, and Julia B. Fee Sotheby’s International Realty in New York. He is a certified public accountant and licensed real estate broker in Connecticut, New York, Rhode Island and Massachusetts.

2011 SnapShot ~ Year End Housing Market Report, Greenwich, Connecticut.

Dec. 7^th, 2011.

Let’s get a look forward by a few weeks on the year end local housing statistics for the 2011 single family real estate market performance in Greenwich, Connecticut. To see the Greenwich Condominium Market Report click here.

2011 Year to Date, YTD there have been 496 closings with another 70 pending offers. This compares to last year, 2010 of 482 year end home sales. Seeing that we are already ahead of the number of units selling we should look at the average sales price of single family homes in Greenwich which are at year to date October average of $2,484,640 down 1.3% from same time 2010.

8,000 + Green Energy Efficient Homes in Connecticut.

 November 30, 2011.

Connecticut has over 8,000 homes green energy efficient homes already built and more to come.

The 2011 “House of the Year” awarded by the Builders Association of Eastern Connecticut shows that these energy efficient homes do not have to be expensive with a price tag of $220,000 and at 1600 square feet of ultra-green.

 A new residential development consisting of eight smart-sized ‘green’ sustainable custom single family homes is under way in Darien with the first one priced at $1,395,000. This unit is a 3 bedroom, 3 ½ bathrooms, and two car garage unit with approximately 2,800 square feet

New England Real Estate Guru Speaks on the Importance of Local Markets.

New England Real Estate Guru Speaks on the Importance of Local Markets.

Bill Raveis CEO and founder of William Raveis Real Estate, speaks on the importance of local market housing data verses single national index indicators. For the majority of the New England states the local housing data from multiple sources show that the average residential sales price going up and the number of single family unit sales going down. For more take a look at what Bill Raveis has to say.

William Raveis Real Estate is the ninth largest real estate brokerage in the country, is encouraging agents and clients to take a more intelligent approach to the housing market by looking at seasonal trends and the latest data within their own markets. William Raveis utilizes a comprehensive system that tracks major local market indicator in the 7 New England states; Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut and New York.

David Popoff is a license Realtor in Connecticut with William Raveis office in Darien.   A resident of Fairfield County for over 40 years with 30 years of work experience throughout lower Fairfield County and now resides in Darien, Ct since 2004. 

• Member of the Connecticut Association of Realtors, CAR.
• Member of the National Association of Realtors, NAR.
• Member of the Darien MLS, Greenwich MLS & Greater Fairfield County, Ct MLS.
• NAR Green designee.
• David Popoff is an accredited LEED Accredited Professional (LEED AP) Homes and USGBC member of the Connecticut chapter (CTGBC).  
• Associate member and an accredited Certified Green Professional (CGP) of National Association of Home Builders (NAHB) and the local chapter HBRA-Fairfield County, Ct. .
• Contact David Popoff for all your real estate needs in lower Fairfield County, Connecticut.

 

 

Connecticut Property Tax Mill Rates ~ 2011.

 Connecticut Property Tax Mill Rates ~ 2011.

July 1^ST, 2011.

In Connecticut the property assessment is equal to 70% of the fair market value of the property as established by the municipal Assessor. The property tax rate is expressed in mills or thousandths of a dollar. A tax rate (mill rate) of 11.74 mills is equivalent to $11.74 of taxes per $1,000 of assessed value.

Each town sets its own mill rate; some municipalities have different mill rates for different districts within that town. Assessment dates for property on the Grand List must be assessed by October 1^st of the preceding year. So for property taxes due July 1^st, 2011 and January 1, 2012 are determined from assessments computed by the town assessor prior to October 1, 2010. Typically the majority of Connecticut towns, real property taxes are payable for the current tax year on July 1^st and January 1^st, this is the same as the state’s fiscal year. But in some towns payments are made quarterly so check with town hall first.

Home sellers take note that the Connecticut Real Estate Conveyance Tax has increased 0.25% as of July 1^st, 2011, click here to read more.

For Fairfield County, Connecticut here are property Mill rates for individual towns. Information provided by the Connecticut Multiple Listing Service, please verify with each town hall.

 

For a complete list of Connecticut Property Mill Rates go to the Greater Fairfield County Multiple Listing Service, click here.

David Popoff is a license Realtor in Connecticut with William Raveis office in Darien.   A resident of Fairfield County for over 40 years with 30 years of work experience throughout lower Fairfield County and now resides in Darien, Ct since 2004. 

• Member of the Connecticut Association of Realtors, CAR.
• Member of the National Association of Realtors, NAR.
• Member of the Darien MLS, Greenwich MLS & Greater Fairfield County, Ct MLS.
• NAR Green designee.
• David Popoff is an accredited LEED Accredited Professional (LEED AP) Homes and USGBC member of the Connecticut chapter (CTGBC).  
• Associate member and an accredited Certified Green Professional (CGP) of National Association of Home Builders (NAHB) and the local chapter HBRA-Fairfield County, Ct. .
• Contact David Popoff for all your real estate needs in lower Fairfield County, Connecticut.