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Filed under Ct Real Estate Market, Ct., Darien, Fairfield County, Green Posts, Homeowner Tips, Interesting Articles, Local Housing Data, New Canaan, Open House, Property Management Connecticut, Real Estate Posts, Rowayton
Oct 17, 2013.
Single family home sales on the Greenwich MLS are up 10.7% as of September Year-to-Date with a total of 497 sold vs. YTD 2012 of 449. The average selling price YTD for a single family home was $2,111,827 and the median selling price is $1,670,000.
Total rental YTD are down 23.5% from a high YTD in 2012 of 655 down 2013 YTD to 501.
The market is continuing to grow with new listings Year–to-date up 3.72% with a total of 2,538 new listings on the Greenwich MLS.
Currently on the GMLS there are 523 single family homes for sale ranging in price from $487,000 up to $140 million for a 50 acre waterfront estate. Along with that there are 112 Condos and Co-ops currently listed on the GMLS ranging in price from $195,000 up to $5.49 million. Continue reading
Property Tax Rates Fairfield County, Connecticut ~ 2013.
To view Ct Property Mill Tax Rates 2014 click here.
In Fairfield County and the rest of 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 1st of the preceding year. So for property taxes due July 1st, 2013 and January 1, 2014 are determined from assessments computed by the town assessor prior to October 1, 2012. Typically the majority of Connecticut towns, real property taxes are payable for the current tax year on July 1st and January 1st, 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 1st, 2011, click here to read more.
For Fairfield County, Connecticut here are property Mill rates for individual towns. Continue reading
The spring market in Darien, Ct has been active with prices ranging from $375,000 up to $15,900,000. Currently there are about 130 single family homes for sale on the Darien MLS and today we will be previewing three of them that are ‘green’ energy efficient homes.
The first home is a certified LEED Platinum home that was originally a 1925 home but was totally renovated and remodeled in 2011. The home scored a HERS rating of 37 which makes it approximately 63% more efficient than a new built home. The home won the Connecticut Green Building Council’s (CTGBC) 2012 ‘Residential Green Building Award’. Continue reading
Action In The Darien, Ct Real Estate Market ~ Spring 2013.
April 3rd, 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. Continue reading
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. Continue reading
In September 2012 both Consumer Report and J.D.Power came out with their separate annual homeowner insurance reports and ratings.
According to the national survey the greater the damages the more likely the homeowner received less than expected with almost 10% overall of the survey were in disagreement with the claim payment but when damages were over $25,000, 19% were in disagreement.
Both reports and ratings have Amica Insurance with the best reviews and with Erie Insurance and State Farm above industry standards. Both reports also have MetLife, Travelers, Farmers and Allstate below industry standards. To see how the customer satisfaction index was determined please visit each article. Continue reading