Linda Raymond Real Estate Blog, Fairfield, Westport & More

Fairfield & Westport Living- homes, fun stuff & more!


by Leave a comment

Home Sale Finish Line: 40 Negotiations Buyers & Sellers Must Pass to Close the Deal

In the intricate dance of real estate transactions, negotiation is the heartbeat that drives a successful home purchase. As a seasoned realtor dedicated to my clients’ satisfaction, I employ a comprehensive approach to negotiation, ensuring my clients have every advantage to secure the property they desire and navigate smoothly to the finish line of closing. From initial showings to final walkthroughs, every step presents an opportunity to leverage key points, overcome obstacles, and move the process forward. Let’s delve into the 36 critical negotiation points at a glance that I meticulously manage to turn dreams into reality.

  1. Showing appointments
  2. Competition for the house
  3. Multiple offers, escalation clause
  4. Hubbard clause
  5. Buyer/seller priorities
  6. Offer presentation
  7. Price
  8. Payment method
  9. Downpayment
  10. Timeline
  11. Inclusions/exclusions
  12. Solar, assessments, rented items
  13. Wetlands
  14. Permits
  15. Fences, trees, property lines
  16. Easements, right-of-ways
  17. Insurance
  18. In-ground oil tanks
  19. Flood restrictions
  20. Historic restrictions
  21. Zoning restrictions; improvement potential
  22. Offer contingencies: inspection, dates, appraisal, mortgage, HUBBARD
  23. Inspection terms: info only? health/safety/environmental
  24. Inspection items: building, pest, lead, mold, septic, well, pool, in-ground fuel tank
  25. Inspection requests: further testing, repair/remediation, timing, credit, as-is
  26. Contractors
  27. Lender
  28. Attorneys
  29. Family members
  30. Receipts for repairs, new appliances, work done
  31. Condos: HOA, bylaws, showing restrictions, parking, resale package, landscaping, repairs, responsibilities
  32. New construction: detailed specs, survey, floor plans, timeline
  33. Home warranty
  34. Seller rent back
  35. Date extensions
  36. Buyer visits before closing
  37. Walkthrough
  38. Walkthrough follow-up
  39. Keys, clickers, codes, manuals
  40. Closing time, sign removal

Navigating the complexities of a real estate transaction requires skillful negotiation at every turn. By addressing each of the 34 negotiation points outlined above, I ensure my clients are empowered to make informed decisions and secure the home of their dreams. From purchase price to closing time, no detail is overlooked in my commitment to achieving their goals. With a trusted realtor by their side, home buyers can confidently navigate the journey from offer presentation to sign removal, knowing they have an advocate dedicated to their success. Reach out to me today to discuss how we can work together to turn your real estate aspirations into a reality.

Check out your quick online home estimate!

  1. #RealEstate
  2. #HomeSale
  3. #Negotiations
  4. #ClosingTheDeal
  5. #Buyers
  6. #Sellers
  7. #RealEstateTips
  8. #HomeBuying
  9. #HomeSelling
  10. #PropertyNegotiation
  11. #ClosingProcess
  12. #RealEstateDeals
  13. #HomeClosing
  14. #HouseHunting
  15. #RealEstateAgent
  16. #RealEstateBroker
  17. #HomeOwnership
  18. #PropertyClosing
  19. #NegotiationSkills
  20. #RealtorTips
  21. #HomeBuyerTips
  22. #HomeSellerTips
  23. #ClosingNegotiations
  24. #HomeClosingProcess
  25. #HomeOwnershipJourney
  26. #RealEstateInsights
  27. #ClosingStrategies
  28. #PropertySales
  29. #BuyerJourney
  30. #SellerJourney
  31. #RealEstateMarket
  32. #HouseClosing
  33. #HomeTransaction
  34. #RealEstateBlog
  35. #ClosingEscrow
  36. #PropertyNegotiationTips


by Leave a comment

Space Transformation in Your Home: Join Us for A Behind-the-Scenes Staging Walkthrough!

See the YouTube Video!

Dive into our staging walkthrough and unlock the secrets to selling your property faster! See how staging can optimize space, highlight assets, and spark emotions! Don’t miss this chance to create a buyer’s dream by elevating any environment and creating captivating spaces!

Many sellers hesitate to invest in staging as a marketing strategy when putting their homes on the market. It’s because they figure buyers can visualize the space they want, right? 

Put Your Buyer Hat On for A Minute

But if you put your buyer hat on for a minute, and try to visualize the space differently, it’s not so easy. Buyers will often miss seeing the best use of the space, the key assets of the space, and they will miss out on the positive emotional impact of the space, all of which staging can provide. 

So I wanted to show you a few video examples, and you can see for yourself. 

The Dining Room Is Set for Guests

The first example is the beautifully staged dining room. It shows that there’s ample space for seating and that it’s conveniently located just off the kitchen. The light colors are attractive and lighten the space, and the decorative and delicate vase of branches shows off the bay window and an area for a side table. The art on the wall and centerpieces down the centerline of the table give an emotional feeling, like, hey, I would like to entertain here someday!

The Living Room Showcases Its Inviting Features

The key features in the living room are that it has a beautiful raised tray ceiling, a lovely gas fireplace, ample seating, and sliders to the deck outside. The staging showcases these features by using simple lines with light colors and a painting that brings the eye right up and over to the fireplace. A bright green throw blanket on the sofa is a splash of color that pulls the eye to the doors and the view outside. The staging also shows that there’s plenty of room for seating with two large sofas and plenty of room to spare. The only thing I might have done differently is use a club chair on each side of the sliders so that the views are straight out to the side instead of a sofa blocking it. This coffee table also features beautiful books about global travel that speak to an aspirational lifestyle that everyone wants to have! 

The Primary Bedroom Is a Luxurious Sanctuary

Staging in the primary bedroom is soft and luxurious. It shows an oversized bed with a tall headboard. The light pictures on either side of the bed bring the eye upward toward the high ceiling. And the throw blanket brings the eye to the window and a nice deck outside. Last, but not least, there are some little accessories on the dresser like perfume and flowers that make you feel like you’ve just about moved in! 

The Second Bedroom, Previously Used as An Office, Reclaims Its Function

The second bedroom used to be set up as an office, but now it’s staged to show that it can sleep two. And the bright colors and mirrors emphasize the ample natural light and give a feeling of fun. 

The Open Lower Level Gains Three Functional Spaces…And The Office Returns

The lower level is big and spacious. But it’s hard to determine how to make the best use of it unless this is not illustrated. So three functional areas were set up by the stager. There is an office with a window. There is a beautiful seating area with a fireplace and sliders that go to the outside along with a bookshelf area. And there is a beautiful exercise area. The three functional areas are visually separated yet also linked together with matching colors and a consistent design theme, in this case, horses!

The Staging Strategy Accomplished Four Key Objectives

  • Show the ideal use of the space.
  • Highlight the assets.
  • Evoke a powerful and positive emotional response.
  • Create a fabulous setting and generate beautiful digital media that is strategically distributed to attract the largest matching pool of buyers.

Staging is just one component used in the successful sale of a home. Here’s the full story of selling a luxury condo in Westport CT.

#stagingtips #RealEstate #SellFaster #DreamHome #DigitalMedia #PropertyMarketing


by 1 Comment

Behind the Scenes Journey in the Successful Sale of Your Home, Westport CT

In the whirlwind world of real estate, where some listings seem to vanish as quickly as they appear, the role of a skilled Realtor is often underestimated. But behind every seamless sale lies a meticulous process behind the scenes, expertly navigated by a dedicated listing agent. Let me take you through the unique journey of selling my client’s home, in this case, a luxury condo in Westport CT – from initial contemplation to the exhilarating moment of sealing the deal. The story that consumers typically hear consists of: new listing, five days, three offers, under contract, over ask, sold. But here’s just one example of the reality behind the scenes.

To Sell or Not to Sell?

The journey began in 2022 when my client, a frequent traveler with multiple properties, contemplated selling or renting his condo toward the goal of simplifying his assets. He bought it through me back in 2015 after selling a larger home. I kept in touch with him over the last nine years. And in 2022 and 2023, we engaged in detailed discussions, exploring various options and assessing the market conditions. Despite my client’s desire to get his condo sold, challenges loomed large, especially regarding the logistics of clearing out his 3,000 square-foot home packed with personal belongings from the all the cabinets to the car in the garage, which he also wanted to sell. I began researching estate sale partners in 2023.

Okay, Let’s Do It.

The turning point came in January 2024, as my client made the bold decision to proceed with selling. However, there was a catch – he had not been at the condo for months and would not be returning to Connecticut. I would have to assume full responsibility for preparing the house for sale without the homeowner’s presence. Thus began a meticulous orchestration of tasks, from securing access to the property to interviewing vendors, coordinating estate sales, repairs, cleaning, and staging services.

Home Prep

Navigating condominium regulations and logistical hurdles, I curated a team of professionals to streamline the process. From sorting through belongings to orchestrating online auctions, every detail was meticulously managed. All items had to be removed from the property and sold off-site. Repairs were swiftly addressed (including replacement of 39 recessed light bulbs!), the home was deep cleaned, and the professional staging was implemented. Finally, the photographer came in to capture the beautiful results in high quality digital format. Our goal remained clear – to present the property in its best light and maximize its reach and appeal to potential buyers. This was the strategy for obtaining the maximum sale price and best terms in the least amount of time for my client.

Market Prep & Listing Launch

With the stage set, it was time to unveil the condo to the market. Leveraging strategic marketing tactics, including multi-channel distribution of tantalizing sneak-peek photos, a detailed agent walkthrough video, letters to the neighborhood, and a custom website with a comprehensive gallery of extra photos, anticipation reached a fever pitch. A flurry of showings and open houses ensued, culminating in the receipt of multiple offers within days.

Offer Accepted!

Amidst the whirlwind of activity, one offer emerged as the clear frontrunner, signaling the culmination of months of planning and execution. With inspections completed, contracts signed, and the condominium resale package reviewed, both buyer and seller looked forward to the next chapter of their lives, brimming with excitement and anticipation.

Conclusion:

In the dynamic realm of real estate, success is not merely measured by quick sales and high offers. It is forged through meticulous planning, unwavering dedication, effective communication, and a deep understanding of client priorities and the market landscape. As a Realtor committed to exceeding expectations, I stand ready to guide you through your own real estate journey, working to ensure a seamless and rewarding experience every step of the way. When you’re ready to make your move, entrust your dreams to a Realtor who goes above and beyond.

Result:

5 days. 3 offers. Sold 103% of Ask. List price was $1,525,000. Sale price was $1,565,000.

Check out a quick home estimate!

#RealEstateSuccess #DedicatedRealtor #PropertyDecisionMaking #MarketAssessment #ClientCommitment #FullServiceRealtor #DetailedPreparation #PropertyOptimization #StrategicMarketing #HighVisibility #SuccessfulNegotiation #SmoothTransaction #ComprehensiveService #RealEstateExpertise #EstateSales #EstateAuction #CarAuction #Homestaging #StagingStrategy #LuxuryRealEstate #LuxuryCondoForSale #WestportCondoForSale #WestportCTRealEstate #LindaRaymondRealtor #YourCastleMyMission


by Leave a comment

Experienced Connecticut Realtor You Will Feel Comfortable with, Linda Raymond


Fairfield and Westport CT Homeowners and Home Seekers-

If you are like many others, your current needs and lifestyle require a transition to a new home.

You might be facing the huge decision to downsize from your Fairfield Connecticut area home of many precious decades. You’ve spent years building equity and you want to retain every bit of it. You deserve the joy of the perfect home and lifestyle that you’ve worked so hard to enjoy.

Or you may be ready to look for your first, or next dream home in a challenging market. Perhaps your goal is to find a vacation home in Florida, Vermont, or Overseas.

In all cases, you want to avoid the stress of making this monumental change happen.

Your Realtor

Understanding your priorities and dreams directs my custom approach. My strategy for you involves a vast network of industry professionals, market intelligence, creative marketing, high tech expertise, cutting-edge resources, effective communication and negotiation skills, and strong relationships. I will give you the information and guidance you need to feel confident about your decisions and optimistic and calm about the process.

Recognition & Results

With a proven track record, I am proud to have facilitated real estate transactions totaling over $78 million and successfully closed the deal on 140 homes since 2005. My commitment to excellence is reflected in an impressive average sale-to-list ratio of 99%, consistently falling within the range of 95% to 105%. The median time on the market for my listings is a swift 51 days, showcasing my ability to connect buyers with their dream homes efficiently.

As a Luxury Property Specialist who has earned top production and customer service awards year after year from William Raveis Real Estate in Southport Connecticut and the coveted Connecticut Magazine Five-Star Professional Award 10 years running, I am the expert guide you can trust and rely on when you are buying and selling your home.  

I’ve garnered the trust of my clients through exceptional service, resulting in a collection of 85+ online client satisfaction reviews. These testimonials, along with many references underscore the quality of my commitment to every client. Common recurring phrases in my clients’ reviews include, “easy”, “seamless”, “fantastic experience”, “never pressured”, “expert guidance”, “completely informed”, and “perfect outcome”.  Being your Realtor of choice is what I strive to do!

Local Roots

Fairfield County has been my home since middle school. After graduating from Staples High School in Westport Connecticut, finishing my undergraduate from Clark University in Worcester Massachusetts, and a Masters degree from Southern Connecticut State University, I lived or worked in Stamford, Norwalk, Westport, Milford, and New Haven before buying my first home in the Fairfield Beach area. I live with my husband who commutes daily to New York University Medical School, my daughter who graduated from Elon University and is now working on her advanced degree from Southern Connecticut State University, and my two adorable dogs Roger (Havanese from the breeder) and Charlie (Terrier mix rescue)! I’ve made my big move during the housing bubble in 2004 and have never looked back!

Are You Ready?

Are you ready to embark on your real estate journey? Whether you’re buying or selling, I am your dedicated partner, committed to delivering results. Let’s connect and turn your real estate dreams into a reality. You deserve to be well-informed and prepared. When you work with me, that’s my #1 priority.

Contact me today at 203-912-4440 to schedule a consultation. Let’s discuss your goals and timeline, how I work with clients, and next steps from there. Your castle. My mission.

To your success!

Linda


by Leave a comment

5 Tips to Alleviate Stress When Selling Your Home in Today’s Market


Are you feeling overwhelmed at the thought of selling your home in today’s market? Rest assured, you’re not alone. Selling a home can indeed be a stressful process, especially with the ever-changing dynamics of the real estate market. However, with the right approach and mindset, you can navigate through this process smoothly and with confidence. Here are five tips to help alleviate the stress of selling your home in today’s market:

  1. Partner with a Knowledgeable Realtor You Feel Comfortable With: One of the best decisions you can make when selling your home is to partner with a knowledgeable and experienced real estate agent who you trust and feel comfortable with. A skilled realtor can provide invaluable guidance, market insights, and strategic advice tailored to your specific needs and circumstances. They can help you navigate pricing strategies, marketing techniques, negotiations, and all the intricate details involved in selling your home. With their expertise by your side, you can feel more confident and less burdened throughout the selling process. They can also help you coordinate your sale with your purchase if you are buying a home.
  2. Prepare Your Home for Success: First impressions matter, especially in real estate. Take the time to prepare your home for sale to maximize its appeal to potential buyers. This includes decluttering, depersonalizing, and staging your home to showcase its best features. Simple improvements such as fresh paint, minor repairs, and enhancing curb appeal can make a significant difference in attracting buyers and securing favorable offers. By presenting your home in its best light, you can increase its marketability and streamline the selling process.
  3. Set Realistic Expectations: In today’s market, it’s essential to set realistic expectations regarding pricing, timelines, and potential challenges. While you may have sentimental attachments or high expectations for your home, it’s crucial to be flexible and open-minded throughout the selling journey. Your realtor can provide a realistic assessment of your home’s market value based on current market conditions, comparable sales, and other relevant factors. By setting realistic expectations from the outset, you can avoid unnecessary stress and disappointment along the way.
  4. Stay Informed and Flexible: The real estate market is constantly evolving, and it’s essential to stay informed about the latest trends, developments, and changes that may impact your selling experience. Keep in touch with your realtor to receive regular updates on market activity, feedback from showings, and adjustments in your selling strategy as needed. Additionally, be prepared to adapt and remain flexible in response to market fluctuations, buyer preferences, and unforeseen circumstances. By staying proactive and flexible, you can navigate through challenges more effectively and increase your chances of a successful sale.
  5. Focus on Your Goals and Prioritize Your Well-being: While selling your home can be a significant undertaking, it’s essential to focus on your goals and prioritize your well-being throughout the process. Remember why you decided to sell your home in the first place and keep your end goals in mind. Whether you’re downsizing, relocating, or pursuing a new opportunity, stay focused on the bigger picture and the positive outcomes that await you. Take care of yourself physically, mentally, and emotionally during this time, and don’t hesitate to lean on your support network for assistance and encouragement. By maintaining a positive mindset and taking care of yourself, you can navigate through the selling process with greater ease and peace of mind.


Selling your home in today’s market doesn’t have to be a stressful experience. By following these tips and partnering with the right professionals, you can minimize stress, maximize success, and achieve your selling goals with confidence. Embrace the journey, stay proactive, and remember that brighter days are ahead as you embark on this exciting new chapter in your life.

If you’re thinking about making a move, let’s have a conversation to talk about how to make your plans come true!

  1. #RealEstateTips
  2. #HomeSellingAdvice
  3. #MarketInsights
  4. #RealtorGuidance
  5. #HomeStagingTips
  6. #PropertySelling
  7. #RealEstateMarket
  8. #HomePreparation
  9. #SellingStrategy
  10. #StressFreeSelling
  11. #PropertyAdvice
  12. #RealtorExpertise
  13. #HomeSellingProcess
  14. #MarketTrends
  15. #HomeSellingJourney

OpenAI. (2024). ChatGPT (3.5) [Large language model]. https://chat.openai.com


by Leave a comment

Fabulous Summer ☀️ Rental Near the Beach 🌊: 1018 Reef Road, Fairfield CT

View the Full Listing
View Instagram Reel
Apply Online

Dreaming of endless beach days and vibrant city adventures? Look no further! 🌊✨ Pack your bags and join us for the best summer yet at 1018 REEF Road, Fairfield CT Beach! 🏡

👣 Just steps away from Fairfield’s stunning beaches and parks, your home away from home awaits! 🌅 Dive into the waves at Jennings Beach, or soak up the sun in the serene tidal marsh views right from your back deck.

🛍️ In need of some retail therapy or craving a gourmet meal? Downtown Fairfield is just a five-minute drive away, brimming with chic eateries, boutique shops, and free concerts on the Green! 🎶

🚆 Need a change of scenery? Hop on the train to NYC and be in the heart of the Big Apple in just one hour! 🍎

💫 With central air keeping you cool, a newly-renovated kitchen for culinary adventures, and spacious bedrooms to unwind after a day of fun, this summer rental is the ultimate value! 💼

Don’t let the opportunity slip away! Book your summer getaway now and make memories that’ll last a lifetime. Contact Linda before it’s too late! 📆✨ 203-912-4440

Want a free online home estimate?


by Leave a comment

Fairfield and Westport Real Estate Market: March 2024 🌱


Will the market bring March Madness? 🏡 😅

We’ve entered Daylight Savings Time, and Spring is so close, we can taste it! 🌱

Here’s a quick look at what happened last month in our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in February 2024.

Prices were up.

  • Sale prices averaged 100% of asking in Fairfield and 107% in Westport.
  • The median sale price in Fairfield was $820,000, up 37.8% compared to February 2023. The median sale price per square foot was up 6.5% to $373. In Westport, the median sale price was $1,600,000, down 1.5%, and the median sale price per square foot was $534, which was up 5.1% from last February.

Pace was down.

  • Days on market averaged of 56 days in Fairfield and 67 days in Westport, so two-to-three months in general.
  • Unit sales were down 21.1% in Fairfield and 40% in Westport compared to February 2023. Inventory was also down with just 111 single-family homes for sale in Fairfield and 77 in Westport.
  • The months of supply metric was up from February 2023 but still in the two-to-three-month range in both towns. This was the result of a slower rate of sales.

What does it mean?

The market in February showed continued low inventory which is the biggest rate-limiting factor right now. Buyer demand also continued despite the inventory shortage which maintained upward pressure on prices. But rates are back into the 6s, and there is pent up demand on all fronts for people to make a move to a better suited lifestyle.

Bottom line.

People buy and sell in every season and in every market. So embrace your new lifestyle goals if the right time for you is now. Your agent’s expert guidance will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is still solid competition and a relatively short window before sellers accept offers. So you must be ready to make an informed decision if you see a home that meets your top criteria. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Will a little healthy March madness motivate you to make your move? Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – FEBRUARY 2024


WESTPORT SINGLE-FAMILY – FEBUARY 2024

To review last month’s market report, click here.

William Raveis Local Housing Data


by 1 Comment

Luxury Condo for Sale in Westport CT: 54 Terra Nova Circle

OPEN HOUSES: March 1 & 2, Saturday 12-2 PM & Sunday, 1-3 PM
By Appointment Only. Call Listing Agent for confirmation and gate code, 203-912-4440.

See all the pics!

Fantastic private end unit near the pool and extra guest parking!

Featuring a 1st-floor primary suite, gleaming hardwood floors, and a walk-out lower level with in-law potential!

Welcome to the sophisticated living of Terra Nova at Westport. Enter via the tree-lined boulevard with natural stone walls, lush landscaping, and an elegant iron gate. Enjoy privacy and scenic wooded views from your deck and backyard patio.

See The Video Walkthrough!

The open floor plan features a grand entry with soaring ceiling that opens to the living room with a fireplace and sliders to the private deck. The eat-in kitchen with granite counters, stainless appliances, and an island is open to the dining room. The coveted main-level primary suite features a spa bath and two walk-in closets. Two bedrooms, a full bath, and a huge hall closet reside upstairs. Possibilities are endless in the expansive finished lower level with a second fireplace, renovated full bath, sliders to the patio, and ample storage. Set up your home gym, studio, office, extra bedroom, media room, or maybe all of the above!

This coveted home enjoys a private park-like setting with the convenience of key amenities just minutes away. Head downtown, to the train, Westport Country Playhouse, Levitt Pavilion, or Compo Beach on a whim. Spacious, luxury accommodations are ready for all your needs. The beautiful pool and club house offer cool relaxation all summer just steps from your door.

Come home to Terra Nova, and embrace the lifestyle you deserve!


by Leave a comment

Luxury Condo in Westport CT Coming Soon!

Fantastic private end unit near the pool with a first-floor master suite and walk-out lower level! Approach via the tree-lined boulevard with natural stone walls, lush landscaping, and an elegant iron gate. Welcome to the sophisticated living offered by this luxury condo in Westport, Connecticut. Enjoy the privacy and scenic views of the woods framing your deck, backyard, and patio outside the lower level. The open floor plan features a grand entry that opens to the living room with a vaulted ceiling, fireplace, and private deck.

This coveted home enjoys a private park-like setting with the convenience of key amenities just minutes away. Head downtown, to the train, Westport Country Playhouse, Levitt Pavilion, or Compo Beach on a whim. Spacious, luxury accommodations are ready for all your needs. The beautiful pool and cabana offer cool relaxation all summer just steps from your door. Come home to the lifestyle you deserve!

Reach out for more information and an invite when the listing hits the market!


by 1 Comment

Fairfield and Westport Real Estate Market: February 2024 ❄️💫

As we plug away toward spring, let’s take a quick look at what happened in the first month of the year our local Fairfield and Westport markets. If you’re curious which homes sold, take a look at the What Sold Reports.

Here’s what happened in January 2024.

Prices were up.

  • Sale prices averaged just under 100% of asking in Fairfield and 101% in Westport. This is about the same as January when both ratios were 100%.
  • The median sale price in Fairfield was $805,000, up 36.4% compared to January 2023. The median sale price per square foot was up 7.9% to $341. In Westport, the median sale price was $1,850,000, up 16.4%, and the median sale price per square foot was $482, which was up 15.4% from last January.

Pace was down.

  • Days on market increased from 48 in November to an average of 63 days in Fairfield and 74 days in Westport. This is approximately 30% more time on the market than last December in both towns.
  • Unit sales were down 13.5% in Fairfield and 5% in Westport compared to January 2023. Inventory was also down with just 100 single-family homes for sale in Fairfield and 83 in Westport. There were seven new listings in Fairfield and six in Westport at the time of this post.
  • The months of supply was up from January 2023 but still in the two-to-three-month range in both towns. This is the result of a slower rate of sales, and due to an influx of homes coming on the market. 

What does it mean?

The market in January showed the continued trend of low inventory with ongoing buyer demand which maintained upward pressure on prices.

Bottom line.

People buy and sell in every season and in every market. So you can embrace your new lifestyle goals if now is the right time for you. The expert guidance of your agent will help you navigate this market to secure your new home. Reach out to me anytime with your questions about the market and to discuss your plans.

When you are selling, your agent will guide you on the strategy to maximize the demand for your listing in the current market. Here’s an overview of what you can expect.

If you plan to buy in this market, there is still solid competition and a relatively short window of time before sellers are accepting offers. So it is important that you are ready to make an informed decision if you see a home that meets your top criteria. This means you have everything you need to submit a competitive offer. This also means that you have your mortgage pre-approval or proof of funds in your agent’s hands, because an offer is not complete without this critical piece! Here’s a guide for what you can expect.

What are your thoughts about the market and interest rates? Do you think this year will be a better time for you to move than last year? Share your thoughts in the comments or send me a note below.

William Raveis Local Housing Data

FAIRFIELD SINGLE-FAMILY – JANUARY 2024


WESTPORT SINGLE-FAMILY – JANUARY 2024

William Raveis Local Housing Data