Year End Real Estate Report for 2012 for Rowayton, Connecticut on single family homes compared to 2011. Rowayton is following the real estate market trend of lower Fairfield County in that more single family dwellings have sold in 2012 to that of 2011 but with the average price down just a little or flat. The average sold price of 2012 is at $1,287,200 up $940 from the previous year while sales of home units are up 25%. *
Rowayton is the Sixth Taxing District of the city of Norwalk, Connecticut located on Long Island Sound and 45 miles away from New York City with its own Metro North train stop. Over the course of the year the community holds many events such as the July 4th fireworks, River Ramble, Summer Music Festival and Memorial Day Parade to mention a few.
Currently in Rowayton there are 36 single family homes for sale ranging from $435,000 for a 3 bedroom, 2 bathroom Raised Ranch up to $12.9 million for a 3.5 acre island with 6,000 sq. ft. Tudor home, boat house, guest house and pool.
How many homes sold in your town last month? What was the average price? These and many more questions are answered on a town by town basis with the William Pitt Sotheby’s International Realty monthly Local Market Trends Report.
This monthly updated report is FREE at the WPSIR’s website and the information is provided by your local MLS (multiple listing service) that is paid for by dues from you town’s active real estate agents and brokers.
These reports are broken into the following towns; Bethel, Brookfield, Danbury, Darien, Easton, Fairfield, Greenwich, Monroe, New Canaan, New Fairfield, Newtown, Norwalk, Redding, Ridgefield, Rowayton, Shelton, Stamford, Stratford, Trumbull, Weston, Westport and Wilton.
Below is a preview of a few of the towns and the beginning of the Market Trends report, go to William Pitt Sotheby’s International Realty website to view the full statistic report. Continue reading
April 9th, 2012.
First quarter real estate market for single family homes in Stamford, Connecticut show a slight increase in homes sold compared to last year along (2.2%) along with an increase of new listings year to date up 95.95%. Year to date median price sold though shows a slight decrease year to date compared to last year of 2.55%.
Currently the number of single family homes for sale in Stamford is at 469 with the lowest listing at $199,000 for a 2 bedroom, 1 bathroom ranch and up to $15,400,000 for 3.5 acre waterfront property with 14,149 square foot home.
Below is the housing statistics report for the city of Stamford provide by WPSIR monthly “Local Market Trend” watch newsletter. Click on picture for larger view. Continue reading
“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
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