WESTON Market Trends November 2012 Weston is still a strong Buyer’s Market.  There is still a lot of inventory on the market, 11.7 months’ worth (we use the 12 month figure for the absorption analysis).  This is one of the highest of the Fairfield County towns we track.  However, this is a market that has been getting stronger in price over the past three months, despite the seasonal slowdown.  The Weston real estate market appears to have hit bottom in Q1 2012 and in recovery. WESTON INVENTORY WESTON SALES HOTTEST HOMES IN WESTON What homes are most in demand by buyer in Weston?  The sweet spot in the market is for 4 bedroom homes with a list price of $750,000 to $775,000.  They tend to be on the market for 130 days and sell for 94% of list price.      01/01/2013

Home Sales and Months of Inventory for Weston CT 06883 December 2012 Real estate market data for Weston CT, provided by Dagny Eason of Dagny's Real Estate   Homes Sales in Weston CT/ 3 Year Comparison    Months of Inventory 2010, 2011, and 2012 Weston Average sale price in December is $1,049,457 and 7 houses have sold so far in December.  Year to date 128 homes have sold with an average price of $822,741. There are currently 103 active listings and 12 pending in Weston. Weston, CT Population 10,179 Median resident age 42 Household income  $209,630 Median house/condo price  $752,500 (These statistics are estimates)   Wilton CT 06897 Average Sales Prices and Number of Sales in Town Westport CT  Average Sales Prices & Active Listings December 2012 Norwalk CT  Sales by Neighborhood: Cranbur... 12/20/2012

WESTON Market Trends October 2012   Weston is still a strong Buyer’s Market, but trending towards a balanced market.  There is still a lot of inventory on the market, 12.6 months’ worth (we use the 12 month figure for the absorption analysis).  This is one of the highest of the Fairfield County towns we track.  However, this is a market that continues to strengthen with rising prices and fewer days on market.  The trend indicators are all positive with the exception of the Average List to Sale Price, which has recently slipped to 94%. The Weston real estate market appears to have hit bottom in Q1 2012 and in recovery.  The lowest sale over the past 12 months was $150,000, the highest sale was $2,650,000, and the median sale price was $728,125.  Two homes over $2 million sold over the pa... 11/21/2012

Weston CT 06883 Homes for Sale   MORTGAGE DEBT RELIEF ACT- EXPIRES AT THE END OF THE YEAR     TAKE ADVANTAGE NOW!! TIME IS RUNNING OUT!     We all know that our economy has been in distress.     Are you facing stress or hardships?     Feel lost and don’t know what you’re going to do? If you lost your job, or simply cannot afford to make your monthly mortgage payments, there may be relief.     13 Homes for sale in Weston, CT were foreclosed since June of 2007. 5 of those homes for sale were foreclosed on in the last year. Do not become a statistic, save yourself the grief of large amounts of debt. You can be protected.       THE MORTGAGE RELIEF ACT     If you have a home for sale and are not aware of the benefits you may be eligible, I do recommend you educate yourself, and educate yours... 10/28/2012

WESTON Market Trends September 2012 Weston is still a strong Buyer’s Market, but trending towards a balanced market.  There is still a lot of inventory on the market, 12.8 months’ worth (we use the 12 month figure for the absorption analysis).  This is one the highest of the Fairfield County towns we track.  However, this is a market that is getting stronger and stronger.  The trend indicators are all positive with the exception of the Average List to Sale Price, which remains a respectable 95%. WESTON INVENTORY WESTON SALES PRICES AND NUMBER OF SALES  WESTON SUMMARY The Weston real estate market appears to have hit bottom in Q1 2012 and in recovery. HOTTEST HOMES IN WESTON What homes are most in demand by buyer in Weston?  The sweet spot in the market is for 4 bedroom homes with a list... 10/15/2012

  Weston is still a strong Buyer’s Market, but trending towards a more balanced market.  The Spring market did bring more buyers and sale prices picked up, but there is still a lot of inventory on the market, 14.3 months worth (we use the 12 month figure for the absorption analysis).  This is the highest of the Fairfield County towns we track.  Average Days on Market has finally begun to decrease as inventory also decreases. The Weston real estate market appears to have hit bottom in Q1 2012 and in recovery. What homes are most in demand by buyer in Weston?  The sweet spot in the market is for 4 bedroom homes with a list price of $800,000-825,000.  They tend to be on the market only 105 days and sell for 96% of list price.  09/04/2012

  Weston is still a strong Buyer’s Market, but trending towards a more balanced market.  The Spring market did bring more buyers and sale prices picked up, but there is still a lot of inventory on the market, 17.3 months worth (we use the 12 month figure for the absorption analysis).  This is the highest of the Fairfield County towns we track.  Average Days on Market continues to increase as inventory remains high. The Weston real estate market appears to have hit bottom in Q1 2012 and in recovery.   08/18/2012

  WESTON Market Trends Report June 2012   The Weston, Connecticut real estate market has been trending up over the past three months in terms of prices and prices are now higher than they were a year ago. This is great news!  Nearly all indicators over the past three months were positive, only the Average Days on Market is trending down.  On the whole, the most recent indicators are moving in the direction of a more balanced market We use the 12 month absorption rate (see chart above) to determine inventory absorption, which means that it would take 23.3 months to sell every home currently on the market in Weston. This is significantly higher than most other Fairfield County towns. It is still a strong Buyer's Market in Weston, but there are indicators pointing towards a more balanced ... 07/21/2012

      Homes For Sale-Market Report Weston CT 06883 May, 2012 Prices Median price for homes for sale in Weston, CT in May was $750,000, unchanged from the same month last year. 3-month average sale price of $747,026 in May was up moderately from $708,548 in April but down somewhat from $810,533 in May of 2011.     Sales Homes for sales in Weston, CT in May were 7. This is down 36.4% from 11 in May of 2011. Sales/list price ratio in May moved up to 94.4% from 93.9% in April. Market Time The average days on market, for homes for sale in Weston, CT was 192 in May was way up from 152 in April and up considerably from 111 in May of 2011. Months of supply of 28.6 in May was up moderately from 25.9 in April and way up from 18.5 in May of 2011.   Homes For Sale-Market Report Fairfield CT 06824, ... 06/26/2012

  WESTON Market Trends Report May 2012   The Weston, Connecticut real estate market has been trending up over the past three months in terms of prices and List to Sales Price Ratio. However, the 3 month comparison shows that both the number of sales and Days on Market are trending down.  Therefore, the trend indicators are mixed. We use the 12 month absorption rate (see chart above) to determine inventory absorption, which means that it would take 23.3 months to sell every home currently on the market in Weston. This is significantly higher than most other Fairfield County towns. It is still a Buyers Market in Weston, but there are indicators pointing towards a more balanced market, which is good news for Sellers. If you are thinking of buying or selling in Weston, Connecticut, please ... 06/14/2012

WESTON Market Trends April 2012 Weston is still in a Buyer’s Market.  Weston has over 24 months of inventory (the 12 month figure is used for the absorption analysis), which is one of the very highest in Fairfield County.   Six months of inventory is a balanced market, favoring neither Seller nor Buyer.  Less than six months is a Seller’s market.  There are increases in favor of the Seller in nearly all market indicators for the past three months.  This is the sign of a strengthening market and is a positive trend.       05/30/2012

80 Blue Spruce Circle Weston CT 06883 Single Family House/ 4 Bedrooms Dagny Eason | Dagny's Real Estate LLC | (203) 858-4853 80 Blue Spruce Cir, Weston, CT What a fabulous starter house! A hiker's dream! Backs up to Devil's Den and the reservoirs! 4BR/3BA Single Family House offered at $247,400 Year Built 1968 Sq Footage 2,350 Bedrooms 4 Bathrooms 3 full, 0 partial Floors 2 Parking 2 Car garage Lot Size 108,900 sqft HOA/Maint $0 per month DESCRIPTION Great starter ranch in the beautiful countryside! Are you looking for a country setting, near gorgeous lakes and reservoirs, fabulous hiking, climbing, biking and skiing - right out your back door? This home backs right up on Devil’s Den – one of the state’s largest and most enjoyed conservation parks. Do you need to move your family in bef... 05/19/2012

Are Home Prices Really Falling in Weston?   Are prices rising or falling in Fairfield County?  Let's just take a look at Weston CT.  If we look at the Average Sales Prices of homes for sale in Weston from 2002-2012 we see the market has begun to make a bit of a recovery despite a dip this quarter.  But is looking just at the Average Sales Price deceptive?   In the first quarter of 2012 there have been 19 homes sold in Weston. The average sold price is $628,697. However if you look closely you will see that 1 of those homes that were sold was over $1M. How much does that skew the average sales price? As it turns out - quite a bit!   The average sales price of homes UNDER $1M in Westport is $599,736. While it is not an enormous difference in 2012, take a look at 2011. The average sales pr... 04/24/2012

  WESTON Market Trends Report March 2012   The Weston, Connecticut real estate market is still trending down. The latest 3 month comparison shows that both the number of sales and sale prices are still declining. The amount of inventory that the market can absorb is still low. We use the 12 month absorption rate (see chart above) to determine inventory absorption, which means that it would take about 14-15 months to sell every home currently on the market in Weston. This is slightly higher than most other Fairfield County towns. Although it is still a Buyers Market in Weston, this has been an active Spring market in Fairfield County, so we hope next month's chart shows more green areas and less orange. If you are thinking of buying or selling in Weston, Connecticut, please call Gail Ro... 04/22/2012

NEGOTIATING OFFERS ON YOUR WESTON 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... 03/31/2012

SHOWING YOUR WESTON CONNECTICUT HOME After you have set the price, staged your Weston 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... 03/18/2012

MARKETING YOUR WESTON 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... 03/13/2012

STAGING YOUR WESTON 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... 03/04/2012

PRICING YOUR WESTON CT HOME TO SELL This is the second article in a six-part series about Selling Your  Weston 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 dur... 02/28/2012

1. INTRODUCTION   This is the first installment of a six-part series on Selling Your Weston 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 hom... 02/22/2012