Tag Archives: Fairfield County Real Estate for sale

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

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.

GREENWICH

 

STAMFORD

 

DARIEN

 

ROWAYTON

 

NORWALK

 

NEW CANAAN

 

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Filed under Ct Real Estate Market, Darien, New Canaan, Rowayton, Ct., Fairfield County, Interesting Articles, Real Estate Posts

Broker’s Open House Favorites, Darien, Ct. 2-16-2012.

Thursday, February 16, 2012.

In Darien, Connecticut Broker’s like to preview homes for clients and at today’s Broker’s Open House here are my two favorites.

  • 18 Tory Hole Road is a new built with all the bells and whistles.  The asking price has just been reduced $495,000 from the original price by the builder. If you are looking for high end custom building then this might be the one for you.
  • 223 Old King’s Highway is waterfront property at the end of a long driveway on 2.09 acres; the house was built in 1961 and has many possibilities. The home has great outdoor space and 3,424Sq Ft., 4 bedrooms 2 ½ baths.

For more information click on the links below. Continue reading

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S&P’s Home Price Index Report and Fairfield County, Connecticut Housing Data.

S&P’s Home Price Index Report and Fairfield County, Connecticut Housing Data.

July 27th, 2011

 On Tuesday the Standard & Poor’s Case-Shiller home price index report  was released showing that home prices continue to bounce along. The Home Price report showed that home prices recovered from April to May with slight increases in major cities. The Census Bureau data of home prices showed falling sales despite a rise in prices for new homes in June. To read more on the Forbes article ‘Home prices bouncing along bottom Case-Shiller shows’ click on link. 

Over all housing data revealed that inventory is down and prices are up. According to JP Morgan new home inventory is 71% below its July 2006 peak. (Click here to read more at the WSJ blog)

For Fairfield County, Connecticut some towns are seeing a year to date 2nd quarter (June) increase in average sales price of single family homes compared to 2010, mostly in the lower Fairfield County area with New Canaan and Norwalk leading %24.53 and 19.85%. See chart below.

 

Single Family Unit sales year to date 2nd quarter (June) 2011 compared to last year are mixed with fewer municipalities ahead, with Rowayton and Greenwich leading with 52.38% and 28.57% increases. See chart below.

For more up to date hyper- local housing data go to Raveis.com Home Data.

 

 

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.

 

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Lower ‘Jumbo’ Loan Limits ~ WSJ Market Watch

Lower ‘Jumbo’ Loan Limits ~ WSJ Market Watch

July 17, 2011

Wall Street Journal article by Amy Hoak about current conforming mortgage limits are scheduled to expire with limits for jumbo loans falling from $729,750 to $625,500. Limits vary depending on where you live with lower limits that are equal to 115% of the median single family home price, ranging from $417,000 to as much as $625,500. This change in the high end home areas will cause mortgages to get more expensive.

The change is expected to officially take effect on October 1st, but it may be reflected in loan quotes as early as the end of July. If you are thinking of refinancing your home, talk to your local mortgage banker soon before the change.

To read the whole article click here.

 

William Raveis Real Estate is a full service mortgage banker and is licensed to originate loans in Connecticut, Massachusetts, New Hampshire, New York and Rhode Island. Click here to find your local William Raveis Mortgage Loan Professional. 

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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.

 

 

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