Easton, CT Real Estate News

By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
  EASTON Market Trends April 2012   While Easton is still clearly in a Buyer’s Market, the Average Number of Homes Sold per Month for single family homes has increased to 5.3 homes. Months’ Supply on Market has fallen over the past three months. These are positive signs for a recovering market  Unfortunately, both Average List Prices and Average Sales Prices have declined over the past year.  It would take 21.2 months to sell off all the inventory on the market at the annual rate, which is one of the highest rates in Fairfield County among the towns we track. 
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
   EASTON Market Trends March 2012       Easton, Connecticut home sales are still in in a Buyer's Market. As you can see from the graph above, the Average Number of Homes Sold per Month has slowe to 3.7 homes. Months Supply on Market was rising, but has leveled off over the the past three months. Both Average List Prices and Average Sales Prices have declined over the past year. It would take 22.3 months to sell off all the inventory on the market (based on the 12 month rate). This means only about a quarter of the homes on the market at present will sell during the typical six month listing period. The areas in yellow show a leveling off in terms of Average Number of Homes Sold per month and for the Months Supply on Market. The areas in green show positive trends towards a more balanc...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
NEGOTIATING OFFERS ON YOUR EASTON CONNECTICUT HOME Getting an offer is not the end of the sales process, it's really the beginning.  Up until this point everything has simply been paving the way for the right buyer to make an offer on your home.  An offer includes more than the price, it includes the terms of the sale, which can sometimes be more important than the price.  For example, if someone offers full list price, but makes the sale contingent upon the sale of their own home, this offer is less desirable than a slightly lower offer with no contingencies.  You need to look at the offer as a whole, not just at one or two aspects.  Sometimes getting the right price causes sellers to overlook problems that could arise from the close dates or mortgage contingency dates.  They are so ov...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
SHOWING YOUR EASTON CONNECTICUT HOME After you have set the price, staged your Easton Connecticut home, and agreed upon a marketing plan with your listing agent, the next step is to make your home easy to see and to show off your home in its best possible light.  EASY TO SHOW These are important words to busy buyer agents.  When your home is "easy to show" buyer agents may include your home in their schedule even if it isn't quite what their buyers say they want.  This is good because buyers sometimes fall in love with a home outside their stated criteria.  "Easy to show" means that the sellers are very accomodating in terms of showing times and are forgiving if the agent runs a bit ahead or behind in their schedule.  The more restrictions you put on showings in terms of times, days, or...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
MARKETING YOUR EASTON CONNECTICUT HOME Print advertising is dead.  Well, almost!  Newspaper circulation is down and newspapers are shutting their doors across the U.S.  In tracking my Return on Investment (ROI) in advertising, I have seen print advertising decrease in effectiveness and Internet marketing increase.  MARKETING VS. ADVERTISING Let's talk a bit about the difference between marketing and advertising.  Advertising is when you pay the media to announce details of your product or service, such as when your agent takes an ad out in The Real Estate Book, a publication that is distributed at grocery stores, gas stations, and other public places.  Marketing involves all other methods to bring attention to your home and encourage its sale.  Open Houses are one form of marketing, pos...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
STAGING YOUR EASTON HOME You've seen HGTV. You know that staged homes sell faster and for more money, staging works, but it requires an outlay of money that you may not have. If you can't afford a stager, you can still apply some of the basic principles of staging to help your home sell faster. First thing you'll want to do is to walk through your house room by room with your listing agent. Your agent may not be able to give you the design advice of a stager, but he/she can give you advice about which room colors might cause a problem (e.g., a bright purple dining room) or furniture pieces that should be moved or rearranged. Don't make the mistake of painting the entire interior off-white on the premise that buyers can choose their own colors. Well-chosen wall and trim colors can make t...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
PRICING YOUR EASTON CT HOME TO SELL This is the second article in a six-part series about Selling Your Easton CT Home in a Buyer's Market.  In the first article we described the characteristics of a buyer's market.  We will now talk about pricing your home to sell in today's buyer's market. IT'S NOT ABOUT YOU The most important thing to understand about pricing a home to sell is that the market determines the price.  The market doesn't care how much you paid for the home or how much money you put into upgrades or repairs.  Your home will sell for the price that buyers will pay for comparable homes.  If you price your home too high, even if a buyer comes along who is willing to pay above market value for your home, the mortgage company will whittle the offer down to the market value duri...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
   EASTON Market Trends January 2012       Easton, Connecticut home sales slowed down by 33% from 2010 to 2011. As you can see from the graph above, home prices also continued to decline over the past six months and even more over the past three months. The freak October snow storm caused widespread power outages and the normal holiday slowdown contributed to the decline in numbers during the final 3 month period, although there was a slight uptick in number of sales in the August through October period. This is a strong Buyer's market in Easton, Connecticut at the present. With low interest rates, a better job market, and an uptick in the economy, this is a great time for buyers to purchase in Easton, Connecticut.  We are hoping for a continued mild winter and early Spring, so that bu...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
1. INTRODUCTION This is the first installment of a six-part series on Selling Your Easton Connecticut Home in a Buyer's Market. What is a Buyer's Market? A buyer's market is one in which there are more sellers than buyers. Nationwide we are in a real estate buyer's market, which means according to the National Association of REALTORS (NAR) that there is more than six month's worth of inventory (homes for sale). However, if you look at different locations, neighborhoods, price ranges, and even home styles, some niche markets are doing better than others. Low interest rates and FHA low down payment mortgages have encouraged sales at the low end, downsizers are spurring sales in the mid-range, and at the high end, there are buying niches, such as luxury, waterfront and water view homes. Th...
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By Gail Robinson, CRS, GRI, e-PRO Fairfield County, CT
(William Raveis Real Estate)
  MARKET REPORT January through December 2011   SINGLE FAMILY - EASTON, CT   Number % Change Average % Change Inventory Currently on Market     85   $693,717     Sold  2011       53    -33% $698,647  9%  17 months Sold  2010       79   $638,014    15 months   Single family home sales have slowed in Easton CT by 33% from the previous year.  This is significantly less than Fairfield, Shelton, Bridgeport, Trumbull, or Stratford.  There is currently a 17 months’ supply of single family homes in Easton, which means most listings expired and need to be renewed several times before the property is sold.  The good news is that the prices are increasing.  Prices have increased by 9% over the past year.
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By Lynda Longmire
(Virtual Homes Real Estate)
Easton, Connecticut Real Estate and Homes for Sale The home buying process can be complicated and you will benefit from the guidance of industry professionals. A real estate buyer's agent, mortgage lender and an attorney are the primary advisors in the purchase of property. If you are a first-time home buyer or an existing owner, you may qualify for a tax credit and could be eligible for special financing programs. Start your search be determining your price range, housing needs and lifestyle you desire. Easton CT real estate will assist you in finding the right property to meet your needs from local area homes for sale, foreclosure listings (bank-owned), country properties, land, condominiums and equine facilities -- all through the CT Multiple Listing Service (MLS). Request relocation...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
As of September 30th, 34 Single Family Homes have been sold in Easton. This trails last year by 29%.  It also is only about half the 67 Homes that sold at this point in 2007.  Easton homes are not really designed for or at the price point for First Time Home Buyers so the current Federal Stimulus is not having a significant impact.   The Average Selling Price for the first nine months of the year is $597,942.  This is 28% below last year's $825,549.  This reflects a continued slowness in the higher end price segments.   There are 93 Homes on the Market ranging in price from $365,000 for a 2 Bedroom Ranch to $3.6 Million for an 1810 Antique Colonial. To see all the homes for sale in Easton, please visit www.tetreau.com.   This data is from the Greater Fairfield County MLS.
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Here we are after 8 months and 31 Single Family Homes have been sold in Easton.  This shows a drop in units sold of 23% from the prior year's total of 40.  And this trails the 62 Homes sold in 2007 by 50%.   The Average Selling Price comes in at $590,262.  This reflects a 31% decline from last year's $857,096.   Much of this Average Price change is due to the softness at the highend of the market dragging the overall average down.  So far in 2009, 2 homes have sold for over $1 Million.  When you compare this to 11 homes selling above that mark last year and 17 breaking the Million Dollar mark in 2007, you can easily see how this would impact the average selling price.    This is a great opportunity if you are a buyer looking in the Easton market.  It is a great town with a wonderful cou...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Home Sales as of July 31, 2009 as reported to the Greater Fairfield County MLS. Easton has sold 22 Homes from January to the end of July. this is a decline of 33% from last year for the same period.  The sales level is down 57% from the same period in 2007.  The Average Selling Price is coming in at $586,597.  This shows a decline of 31% from the prior year Average of $851,449. It seems that there are not only fewer buyers but that they are purchasing the less expensive homes.  The $1 Million plus Colonials are sitting on the market for a year or more without selling.
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Congratulations to the Town of Easton.  S&P has now been awarded the valuable AAA (Triple a) Bond Rating to the Town of Easton.  This is the best indicator of their financial stability and sound management practices by the Town.  The citizens and voters should appreciate the hard work from the Town's elected leaders as well as the vision it took to achieve this recognition.  It also translates in to lower interest rates on Bonds that save the town money in the future.
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Is that light at the end of the tunnel? In a Real Estate market filled with one tough forecast after another, Easton is showing signs of life.  Here we go for a dose of good news.  For the months of September and October, Easton sales are up over last year! You read that correctly - UP.  For September and October combined, there were 12 closed sales in 2008. This is compared to only 11 in 2007.  This may not mean we are back but it does signal perhaps the beginning of the end.  Keep your fingers crossed. For the more numbers conscious, it was really the 2nd Quarter that killed the year for sales.  In Q2 2007 (March - June), we sold 23 homes in Easton.  However for 2008, we sold just 12 in the same three month period a decrease of 48%.  Let's hope the big flucuations are over and we can ...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Easton Home Sales and Real Estate Update October 2008  After ten months, the story hasn't changed much.  The number of homes sold is off 31 percent from last year and on track for the fewest sales in the last twenty years.  While the numbers say prices are stable, when you look behind the numbers you are seeing buyers getting a lot more home for their money.  The "real" price update is closer to Selling Prices being off about ten percent.   You would think that in this market - prices would drop more.  However, we are seeing a market with buyers that don't have to buy and sellers that don't have to sell.  This is keeping price levels surprisingly stable.   EASTON Update Year to Date Sales of Single Family Homes As of October 31                            2008 2007 08 vs 07 2006 08 vs 06...
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By Mike Tetreau, ABR, CRS, GRI, Sales Vice President
(William Raveis Real Estate - Fairfield, CT)
Easton Home Sales and Real Estate Update October 2008  After ten months, the story hasn't changed much.  The number of homes sold is off 31 percent from last year and on track for the fewest sales in the last twenty years.  While the numbers say prices are stable, when you look behind the numbers you are seeing buyers getting a lot more home for their money.  The "real" price update is closer to Selling Prices being off about ten percent.   You would think that in this market - prices would drop more.  However, we are seeing a market with buyers that don't have to buy and sellers that don't have to sell.  This is keeping price levels surprisingly stable.   EASTON Update Year to Date Sales of Single Family Homes As of October 31                            2008 2007 08 vs 07 2006 08 vs 06...
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By Michelle Genovesi
(Michelle & Company William Raveis)
ee why Easton is where many artists and musicians, actors and professionals call it their home. One of Fairfield County's most rural towns is rich in undeveloped open spaces, with roughly 40% of its land permanently preserved. Farms of all types abound, as do some wonderful vistas of aquifers and reservoirs, which are laced throughout the town Population approx. 7272 Easton is similar in appearance to its sister community, Redding with which it shares some educational facilities. Strictly residential zoning, with 93% of properties on 3 acres or more, you'll find local shopping is primarily for fresh produce at several orchards and dairy farms sprinkled about. The nearby towns of Fairfield and Westport is where residents go to enjoy a variety of other shopping and entertainment opportun...
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