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
With the New Year comes opportunity for moving into a brand new constructed home in Darien, Connecticut. Some of these homes are move in ready and some are still in construction phase where you can choose your finishes.
The four I will highlight in this week’s newsletter are:
~ Kensett Home Community of 62 custom designed homes on 16 acres with walking trails, pool & club house. Prices range from $1.3 to $1.55 million with square feet running between 3,300 up to 4,480.
~ Noroton Green are 8 certified “green” homes with state of the art energy-efficient mechanicals and materials. These homes are approx. 3,000 sq. ft. with 3 bedrooms, 3 ½ baths starting at $1.295 million.
Custom Deluxe Homes.
~ 358 Hoyt Street a 3,500 square foot home on 0.80 acres, spray foam insulation, 3 zone HVAC system, large eat-in gourmet kitchen offered at $1,399,000.
~ 312 Noroton Avenue is a timeless custom Colonial design with all the high end bells and whistles is a 5745 sq. ft. home on 0.35 acres offered at $2,295,000.
The 2013 Cost vs. Value report by Remodeling Magazine is out and it shows a positive sign for the remodeling industry with the national average of cost-value ratio rising for the first time in six years.
The report is broken up into nine regions of the United State with the Connecticut and New England Region showing an uptick in value of all projects compared to last year’s report. For Connecticut the report is broken further down to New Haven and Hartford with a downloadable pdf.
The national data of the Cost vs. Value report compares the average cost of 35 popular remodeling projects with the value of those projects retain at sale. You can view national data for the projects or go to regional data for a more detailed look as well as mid-range vs. high-range remodel values. Continue reading
Dec. 20th, 2012.
Year to Date, Year over Year Greenwich Single Family Home Rentals Statistics.
~ For 2012 there has been 394 single family homes rented compared to 416 in 2011.
~ The average sizes of the homes are 4 bedrooms, 3 bathrooms with an average rental of $7,531 in 2012 compared to $7,160 in 2011.
~ Average days on the market for rentals in 2012 are 66 compared to 2011 of 52.
Currently on the market in Greenwich, Connecticut* there are 107 single family homes being offered for rent from a 3 bedroom, 1 bath Cottage at $2,200 up to a 5 bedroom Estate on 4.5 acres being offered at $46,000 per month. There are also many apartments, condos and multifamily units available with a starting price of around $1,500.
To view what is currently available in Greenwich please click here.
DMK Property Management llc offers a full range of services for the Greenwich area, please visit our website.
*Information provided by the Greenwich MLS.
David Popoff is a Connecticut license real estate agent in lower Fairfield County and is a designated “Green” Realtor at William Pitt Sotheby’s International Realty in Darien, Ct.
DMK Property Mgmt, Darien, Ct
By DMK Property Management llc, Darien, Connecticut.
This list is for you if you are a homeowner, landlord or tenant. It takes everyone in a living space to be aware of their surroundings and how to keep it safe. From simple items such as changing batteries in smoke detectors, basic maintenance to safe home living management.
Here are 12 important safety tips that all landlords and tenants should be aware of and verify continual maintenance.
- Smoke Detectors. ~ Hard wired back up smoke detectors and Carbon Monoxide detectors are a huge safety consideration. Remember to change those back up batteries every 6 months, it’s recommended to do that when you are changing the clocks for day light savings.
- Exits ~ Every bedroom must have two ways of egress either by door or window. Check basements and floor levels to make sure there are two exits.