Green Home construction accounted for $36 Billion in 2013 according to a recent market research by McGraw-Hill Construction . The report shows that green home construction is expected to more than double to $83 – $105 Billion in 2016.
Connecticut Builders and Contractors should affiliate themselves with trained Realtor in the field of energy efficiency and sustainable practices to help sell their Green Homes in Fairfield County, Connecticut.
DMK Real Estate & Property Management has over 25 years’ experience in residential construction and is a National Association Realtor GREEN designee specializing in selling green homes and a sustainable lifestyle.
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.
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.
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…. Continue reading
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
April 10th, 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.
“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. Continue reading