Monthly Archives: February 2011

Real Estate Market ready to “POP” in Connecticut & Westchester County, NY.

Real Estate Market ready to “POP” in Connecticut & Westchester County, NY.

 The general consensus at the William Raveis Agent Advisory Council meeting seems to say that the spring market is ready to “POP”.   Customer feedback seems to be saying that buyers and sellers have been waiting on the side lines due one of the snowiest winters here in the Connecticut and Westchester County, New York area.  In the past two weeks there has been a pick up of activity in Connecticut and Westchester County with an increase in office phone calls, rental demand increasing and even multiple offers on some listings have been reported. The William Raveis Real Estate website has seen a dramatic increase of use recently. 

 Some of the important factors causing this are:

Inventory has been slow to come to the market mainly due to all the snow New England has been getting since the end of December. Seller do not want to deal with the slush and mess of showing houses, majority of buyers seem to be waiting so they can inspect yards and outside of buildings.

This is causing pent up demand in some areas, buyers are circling around waiting for that perfect fit; if homes are priced to match the current market conditions you can see multiple offers and accepted offers within a week of listing.

Mortgage Rates are another factor playing a big part as they are creeping up causing concern to buyers and seller alike. Even though they are still at a 40 year low they are moving up causing buyers to want to lock in ASAP. Sellers also realize that if mortgage rates go up, then the buyer has less spending power to buy homes.

The dynamics of real estate is complicated but it seems like the spring market is ready for an upswing and growth in activity here in the Connecticut and lower New York region. William Raveis website offers FREE local up to date housing data and statistics along with MLS listings, mortgage rates, mapping of neighborhoods and more.

The WR Advisory Council of CT/NY meets every six to eight weeks incorporating all the offices in Connecticut and New York for up to date local real estate news, company news and updates, real estate statistics and feedback.

William Raveis is the largest family owned real estate company in New England and is not a franchise, all offices work together to bring nothing but the best service . Bill Raveis motto is the client is #1, customer satisfaction is #1 with all clients treated at same highest possible professional standards be it a one week rental or a $10 million sale.

 David Popoff is a license Realtor in Connecticut with William Raveis office in Darien.   A life time resident of Fairfield County he has worked 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.
  • 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 Darien, New Canaan, Rowayton and other parts of Connecticut.
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LEED AP Homes Professional at William Raveis Real Estate.

LEED AP Homes Professional at William Raveis Real Estate.                

PRESS RELEASE

Darien, Ct. ~ February 19th, 2011.

 David Popoff LEED AP Homes

David Popoff, real estate agent at William Raveis Real Estate in Darien, Connecticut has earned his LEED AP Homes Professional Credential.  David is part of a select group of architects, builders, home suppliers and other industry professionals nationwide who have earned the LEED Accredited Professional (AP) specialty designation, identifying him as someone with knowledge of the best strategies for incorporating green building principles. Other LEED AP specialty Professional Credentials are:

·         Green Associate (prerequisite for LEED AP)                          

·         Building Design & Construction (commercial)

·         Operations & Maintenance

·         Interior Design & Construction

·         Neighborhood Development

·         LEED Fellow

 

Connecticut currently has only nine LEED AP Home professionals with a total of 248* in the United States. LEED is an international rating system and there are 143,874* total LEED Professionals world-wide. (* as of July 1st, 2010)

LEED AP specialty graduates are required to maintain their designation by completing 30 hours of continuing eduction every two years with six hours being LEED specific and the remaining pertain to green build activities.

David has combined his passion of real estate and quality building at William Raveis with an emphasis on Green Building technology. In conjunction with his LEED AP Homes accreditation David has also earned the National Association of Home Builders (NAHB) designation of Certified Green Professional (CGP). He is an active member of both the Connecticut chapter of the Green Build Council (CTGBC) and the Fairfield County chapter of Home Builders & Remodelers Association (HBRA).

     

The LEED AP program was developed by the United States Green Building Council (USGBC) providing continuous, update reference & educational material. The Green Building Certification Institute (GBCI) is responsible for credential updates, continuing education credits and exam for the LEED AP program.

 

LEED, Leadership in Energy and Environmental Design, certification program for new and remodeled buildings encourages the process of a holistic approach to sustainable green building. USGBC’s LEED certification is a voluntary participation program that has created a step by step process for implementation of strategies for better environmental and health performance of building.

Current LEED programs available are:

·         LEED Homes

·         LEED Neighborhood Development

·         LEED for New Construction

·         LEED for Core & Shell

·         LEED for Commercial Interiors

·         LEED foe Existing Buildings: Operations & Maintenance

·         LEED for Schools

·         LEED for Retail

 

LEED is a voluntary certification program that can be applied to any building type and any building lifecycle phase. It promotes a whole-building approach to sustainability by recognizing performance in key areas:

  • Location & Linkages
  • Sustainable Sites
  • Water Efficiency
  • Energy & Atmosphere
  • Materials & Resources
  • Indoor Environmental Quality
  • Innovation in Design
  • Regional Priority
  • Awareness & Education.

USGBC is a consensus non-profit organization started in 1993 with a diverse membership comprising more than 14,000 companies and organizations. USGBC is a volunteer member designed organization that is committee based and member driven to promote green building and science.

 

David Popoff is a license Realtor in Connecticut with William Raveis office in Darien.   A life time resident of Fairfield County he has worked 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.
  • 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 Darien, New Canaan, Rowayton and other parts of Connecticut.

 

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To Find a Home, get Local Housing Data, view area Mapping please click here

 

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~ David A. Popoff ~ Licensed Connecticut Realtor ~ LEED GA accredited ~ Cell (203) 228-0646 ~

 ~ www.DavidPopoffCT.com ~ DavidPopoffCt@Hotmail.com ~ https://davidpopoffct.wordpress.com/ ~

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Architect Bartels sell his own Unique Home, Rowayton, Ct.

Architect Bartels sell his own Unique Home, Rowayton, Ct.

Wall Street Journel’s article on  how Architect Roger Bartels built his dream home in Rowayton, Ct.  The stucco style cottage is a piece of art work says Bartels who designed it. With 2,550 square feet the house has custom metalwork and finishings, rough sawn oak and wire brushed granite countertops.

This home is now for sale by William Raveis Real Estate, listing agent Elaine Falkenberg.  for $1,999,999.

For more information and to see WSJ article click here.

 

David Popoff is a lifetime resident of lower Fairfield County, Connecticut along with over thirty years of local work experience. He is a license Realtor in Connecticut with William Raveis Real Estate and centrally located out of Darien office

  • Member of the Connecticut Association of Realtors, CAR.
  • Member of the National Association of Realtors, NAR.
  • Member of the Connecticut chapter of the US Green Build Council (CTGBC).  
  • Associate member of the HBRA-Fairfield County, Ct. .
  • Accredited LEED GA and CGP-NAHB.
  • Contact David Popoff for all your real estate needs in Darien, New Canaan, Rowayton and other parts of Connecticut.

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William Raveis Mortgage Banker Says “Mortgage Rates Remain At All Time Lows!”

William Raveis Mortgage Banker Says “Mortgage Rates Remain At All Time Lows!”

 I am talking with Jorge Rivera; Executive Mortgage Banker with William Raveis Mortgage, Jorge Rivera says “Mortgage interest rates remain at all time lows!”  Let’s get a closer look with Jorge here at William Raveis Real Estate in Darien, Connecticut.

 

Jorge, what currently are the residential mortgage rates doing and how does it compare historically?

Relative to the 2010 market, mortgage interest rates have been on a steady increase since November 5, 2010, but take a look at this historical chart.  The 30 year fixed rate is the near the lowest it has been in over 40 years.  When coupled with the fact that home prices are near their lows of the last 6 years or so, buying power is fierce!

Why are rates on the rise, can you break it down for us?

Mortgage interest rates have a foundation in an investment vehicle known as a Mortgage-Backed Security (MBS).  In an effort to spur the economy, the government was buying these securities last year by the ton.  Because there was a lot of buying, the price of the security increased (like any supply and demand scenario.)  High-priced mortgage-backed securities equal low interest rates.  So the Federal government’s buying created an environment of artificially low interest rates.  The government stopped this buying program at the end of 2010.

 Jorge, economically how has the rates been affected? What seems to be the current trends for investors?

Wall Street has also been pleased by all of the economic reporting since the end of 2010.  The unemployment rate, although high, appears to be dropping.  Earnings reports from companies seem to be increasing and consumer sentiment about the future seems to be improving.  Investors have to decide where to put their money.  In times of economic uncertainty, investors like a safe harbor, which is why they were taking money out of stocks and investing in bonds and MBS over the past few years.  Now the inverse is happening and money has been moved back into stocks.  As a result of all of the selling of MBS, the price is coming down and rates are going up.  But when looking at the historical chart, it is easy to see that mortgage rates are still at all time lows!  The time to buy is now! Arguably – never better!

You hear that applying for a mortgage is harder than ever, is this so?

Contrary to popular belief, qualifying for mortgages has not changed much over the past few years.  Gone are the days when a person can apply without any documentation or with very low credit scores, but those programs failed by design.  The conventional and FHA qualification standards, based on my 15 years of experience, are reasonable and quite attainable for the average person.

Thank you Jorge for all that information.

Please contact us with any questions!  We look forward to working for you and helping you take advantage of this incredible time!

For current mortgage rates click here.

Jorge Rivera

Cell: (203) 913-1633

Jorge.Rivera@raveis.com

.

David Popoff is a lifetime resident of lower Fairfield County, Connecticut along with over thirty years of local work experience. He is a license Realtor in Connecticut with William Raveis Real Estate and centrally located out of Darien office

  • Member of the Connecticut Association of Realtors, CAR.
  • Member of the National Association of Realtors, NAR.
  • Member of the Connecticut chapter of the US Green Build Council (CTGBC).  
  • Associate member of the HBRA-Fairfield County, Ct. .
  • Accredited LEED GA and CGP-NAHB.
  • Contact David Popoff for all your real estate needs in Darien, New Canaan, Rowayton and other parts of Connecticut.

 

To Find a Home, get Local Housing Data, view area Mapping please click here

~ David A. Popoff ~ Licensed Connecticut Realtor ~ LEED GA accredited ~ Cell (203) 228-0646 ~

 ~ www.DavidPopoffCT.com ~ DavidPopoffCt@Hotmail.com ~ https://davidpopoffct.wordpress.com/ ~

       

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ICE Storm in Ct.

A day to stay home. The tree’s along with driveways, sidewalks and roads are all iced up.
Time for some hot chocolate.

 

David Popoff

Realtor ~ Connecticut License

LEED GA accredited

 

William Raveis Real Estate

22 Old Kings Highway South

Darien, Ct.  06820

Office:  (203) 655-1423

Cell:      (203) 228-0646

FAX:  (203) 662-1058

 DavidPopoffCt@Hotmail.com

 

Website ~ www.DavidPopoffCt.com

Blog ~ www.DavidPopoffCt.Wordpress.com

 

 

“Living Green ~ building a better future.”

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2010 Year End Housing Data for Greenwich, Ct.

     
2010 Year End Housing Data for Greenwich, Ct.
 
 Greenwich with a population of 62,368 (2009) with a total area of 67 sq miles which 47.8 is land and 19.4 is water. Greenwich public school system is made up of 11 elementary schools, 3 middle schools and one high school with a number of private schools in the area available as well. The estimated median household income in 2009 for Greenwich was $120,064. Greenwich is made up of five zip code zones:
 
 

  • 06830 ~ Greenwich
  • 06831 ~ Glenville
  • 06807 ~ Cos Cob
  • 06870 ~ Old Greenwich
  • 06878 ~ Riverside

2010 year end housing statistics provided by the William Raveis website for Greenwich, Connecticut show that unit sales for single family homes are up 43.98% from 2009 with an average YTD sales price down 6.19%.  With homes prices ranging from the $400,000 up to $42 million for the new year of 2011. Click here to see current MLS listings for Greenwich, Ct

  Single Family Homes Greenwich, Ct., YTD 2010

  • A total of 478 single family properties sold in 2010 compared to 332 in 2009.
  • The year to date average sales price in 2010 was $2,509,083 compared to 2009 of $2,674,675.
  • The median sale price in 2010 was $1,725,000 up 1.9% from 2009 at $1,692,500.
  • The sale to list price ratio for the year was 90.2% with the market time sold of 190 days.  
 ** NOTE: The William Raveis Real Estate Local Housing Data report and is deemed reliable, but is not guaranteed. Information deemed critical to buying decision should be independently verified.
Median Price: is half are below, half are above

Average Price: are all sold prices are added together into a sum; the sum is then divided by the number of houses that sold.

For more city data, history and demographics of Greenwich please go to the following websites:

 

 

David Popoff is a license Realtor in Connecticut with William Raveis office in Darien. David is a lifetime Fairfield County resident who has resided in Rowayton, Greenwich, Wilton and now Darien, Ct since 2004.   

An accredited LEED Green Associate (LEED GA) by the United States Green Build Council (USGBC) and a Certified Green Professional (CGP) of National Association of Home Builders (NAHB). 

  • Member of the Connecticut Association of Realtors, CAR.  
  • Member of the National Association of Realtors, NAR.  
  • Member of the Connecticut chapter (CTGBC).    
  • Associate member of the HBRA-Fairfield County, Ct. .  
  • Contact David Popoff for all your real estate needs in Darien, New Canaan, Rowayton and other parts of Connecticut.  

To Find a Home, get Local Housing Data, view area Mapping please click here

~ David A. Popoff ~ Licensed Connecticut Realtor ~ LEED GA accredited ~ Cell (203) 228-0646 ~

 ~ www.DavidPopoffCT.com ~ DavidPopoffCt@Hotmail.com ~ https://davidpopoffct.wordpress.com/ ~

       

 

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Ice Dams Ct. with more bad weather on the way….

It certainly has been one of those winters here in Connecticut with more on the way.
Hopefully your roof does not look like this with ice dams
 
 

 

 

David Popoff

Realtor ~ Connecticut License

LEED GA accredited

 

William Raveis Real Estate

22 Old Kings Highway South

Darien, Ct.  06820

Office:  (203) 655-1423

Cell:      (203) 228-0646

FAX:  (203) 662-1058

 DavidPopoffCt@Hotmail.com

 

Website ~ www.DavidPopoffCt.com

Blog ~ www.DavidPopoffCt.Wordpress.com

 

 

“Living Green ~ building a better future.”

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