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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
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
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
May 11th, 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.
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. Continue reading
When looking at real estate prices one must take into account the local economic aspects of the region as well as the national trends. Your local real estate expert can help you with the local trends and here in Connecticut it would be William Pitt Sotheby’s International Realty. REAL Trends, Inc. is a communications and consulting company considered to be the leading source of analysis and information on the residential brokerage and housing industry.
Real Trends National Real Estate News Update Feb 7th, 2012.
Distressed Home Sales Taking Toll on Prices According to CoreLogic home prices fell about 5 percent from 2010 to 2011. But if distressed property sales are taken out of the equation the price decline falls to 0.9 percent. This likely doesn’t surprise anyone in the housing market but confirms what everyone suspects – Continue reading
November 4th, 2011.
This week 30 year mortgage rates fixed at 4 percent marks the second lowest reading since it hit a record low of 3.94 percent on October 6, 2011, the lowest in history by the Primary Mortgage Market Survey (PMMS).
Frank Nothaft, chief economist at Freddie Mac says “Market concerns over the European debt market drew investors to U.S. Treasury securities, lowering bond yields and mortgage rates,” .
Mortgage rates breakdown for the week: