Monroe CT real estate sales for April 2012 WENT UP 50% compared to April 2011 sales and were up 15% from last month.

List and sales prices decreased 22% and 21% from April 2011, but homes were selling a bit more quickly with a 34% decrease in market time.

Moving forward into May , there are 19 houses under deposit and 17 homes under contract. 
 
Which houses sold in Monroe CT in April 2012?

 Monroe CT April 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 5/15/12)

 The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 11.38 for the last three months, down 3 whole months since last month.  Take a look back at the absorption for April alone — even better at 8.6 months.

 Keep in mind that this rate is for ALL houses.  If you are selling your home, your agent should calculate the absorption rate trend for your price point to get a more accurate analysis.  

SEARCH for Your New Home in Monroe, CT

Remember, each month is a snapshot of the month including all sales.  Individual price ranges and results will vary which will determine a correct listing price or amount to offer on a purchase. 

Want to know what your home is worth in Monroe?  Get a FREE real estate comparative market analysis done for your property in Monroe CT,

The success in selling your house in Monroe CT or any other community is dependent upon accurate pricing, effective preparation, calculating the absorption rate for your particular price point, and having a strong online marketing presence.  A house will sell if there is a synergy among all four. 

CONTACT ME  for advice on how to LIST, MARKET, and SELL your home effectively in today’s market. All agents do not provide the same marketing services.  

Date Source: Greater Fairfield County Multiple Listing Service – May 15, 2012. No representation or warranty is made to the accuracy of this information.

When going to contract on a new home purchase, it is typical and customary to have a mortgage contingency clause included. The mortgage contingency clause protects the buyer by giving them time to get a mortgage approval in place, and if the mortgage is denied, the buyer is not legally obligated to proceed with the purchase and is entitled to a refund of deposits left to date. It also serves to protect the seller, because if the buyer does not obtain the mortgage approval by the contingency date, the sellers have the right to withdraw from the contract and keep the home on the market or go with the next offer. Some buyers who think they will have no problem getting a mortgage may decide to waive their mortgage contingency protection in a highly competitive bidding scenario, thinking it makes their offer stronger. I strongly recommend against this tactic unless you are prepared to pay cash for the home.

The standard time frame for the mortgage contingency date is typically thirty days from the date all parties sign the contract. Thirty days should be a reasonable amount of time, but it is important to check with your loan officer to get a realistic time frame as to how long the underwriting and appraisal process will take. Some lenders may take longer than thirty days depending on staff constraints and application volume. It will be important to make sure the lender is on target to deliver the approval or Commitment Letter by the contingency date. It is equally important that if the lender requests documentation, that the documentation is submitted right after the request so as not to hold up the process. If it appears more time may be needed as the contingency date draws near, it is important to determine realistically how much more time will be needed so the buyer’s attorney can ask for the appropriate extension. Asking for a few days or a week is not usually a problem. What should be avoided is asking for more than a week or having to ask for a second extension. Be sure to coordinate with your loan officer, realtor and your attorney so that all is on target. A mortgage contingency clause is a good thing and can help to relieve the stress and uncertainty of applying for a mortgage. But it is important to keep the transaction on track to meet the contingency date.

Greg Reichman is a Mortgage Account Officer with People’s United Bank. For more information, please visit Greg’s web page or contact Greg by telephone at (203) 644-4095.

View Steps 1 & 2 for a Stress-Free Mortgage:
Step 1: Choose an Experienced Loan Officer
Step 2: Be Prepared for Your Application

Trumbull CT home sales continue to be on their way UP.   

Closed sales in Trumbull CT were UP 24% in April 2012 compared to the same period last year.

List and selling prices INCREASED 7% and 6% respectively AND the median went UP 6%. 

Days on the market went DOWN 27%.   Houses are moving!  There has been stabilization in Trumbull and a definite uptick in activity and home sales.  Buyers recognize this is it!  This is the time to get into the market if you can.

  Take a look at the year- to-year comparison.

Moving forward, there are 38 homes under deposit and 59  homes under contract! That is the HIGHEST number of pending in a VERY long time. 

Trumbull home sales continue to be on the move.  Be a part of the action. 

Homeowners, if you are thinking of selling, take advantage of a complimentary FREE market analysis today.

Buyers, better get OFF that proverbial fence and get serious. With still low interest rates, housing prices showing an increase, and an obvious increase in demand, there may not be another time like this to purchase for a very long time. 

The sweet spot for sales in April 2012 was in the $300K-$400K range, which is where Trumbull home sales are usually the strongest.

What houses sold in Trumbull CT in April 2012?

 Trumbull CT April 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of May 10, 2012)

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 8.17  months for the last three months.

This absorption rate is calculated on all price points.  If you are selling your home, your agent should calculate the absorption rate trend for your price point to get a more accurate analysis.  

April 2012 sales are holding at 26, down just one from 27.  With all those pending sales, though, I expect May numbers to be off the chart!

SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)

The success in selling your house in TRUMBULL or any other community is dependent upon accurate pricing, effective staging, absorption rate for your particular price point, and having a strong online marketing presence.  A house will sell if there is a synergy among all four.  

CONTACT ME  for advice on how to LIST, MARKET, and SELL your home effectively in today’s market. All agents do not provide  the same marketing services.  

Date Source: Greater Fairfield County Multiple Listing Service –May 10, 2012. No representation or warranty is made to the accuracy of this information.

SEARCH FOR YOUR NEW HOME IN TRUMBULL CT (MLS LISTINGS)

Related posts:

Previous Trumbull CT market reports

Living in the Tashua Section of Trumbull CT

 Trumbull CT Tashua Golf Courses ‘FORE’ All Skill Levels

Trumbull CT Real Estate Market Report ~ April 2012

Karen’s indomitable strength and courage was like no other cancer victim I have ever seen. For as long as I have known her, she struggled with her illness with recurrences, remissions, and probably every clinical treatment in the book.

At no time did anyone ever see that suffering. Rather what we saw was a vibrant, gracious, and oh so funny Karen…. a wonderful, warm, giving human being who cared for and about others.

She never wanted to be defined by her illness; rather it was just the opposite. She was always the life of any party and lit up every room she entered.

Karen was a loving wife, mother, aunt, friend and colleague to many. She was the type of person you wanted to be with. She and I partied together, traveled together, and worked together. I was her mentor in her real estate career, and she conducted herself with integrity, honesty, and true professionalism.

When she informed me a few weeks back that her situation was grave, she was worried not about herself but her clients and made it very clear to me that I was to carry on for her …. and with specific instructions for her clients. The fact that someone so ill was worrying about her clients tells you a lot about the type of person she was.

Karen was only 54 years old and was such a force in the lives of so many. Her wake was attended by hundreds, and the church was packed with funeral attendees mourning her passing.

I had her sign up on Activerain late last year, and she had full intentions of getting into blogging. However, her free time was many times sucked up by going for treatments and recovering instead of taking on new responsibilities. We had just talked about her Activerain blogging only a short month ago, and she said she had to get to that as soon as she got through this last bout.

It never came to pass. Instead we lost Karen to an insidious disease. The void she has left for all of us who loved her will never be filled. Rather we are grateful to have known such a special individual and will remember her fondly for her legacy of compassion, kindness, humor and love.

Karen will forever be in our hearts.

 Compared to  April 2011, listing and sales prices both decreased 24% and the median went down 7%.  A much higher than usual cluster of low sales brought the averages down considerably. 

 .

 80% of sales fell below $300K.  Shelton consistently fluctuates between the $200K-300K and $300-400K ranges.  April had a strong number of sales in the lower range.

Moving forward there are 27 homes under deposit and 40 sales pending.   May sales should be showing strong numbers of units sold as well with buyers realizing this might be THE time to jump in and take advantage of the still low interest rates and affordable home pricing.

 Which houses sold in Shelton CT in April 2012?

 Shelton CT April 2012 Property Transfers
(as recorded in the Greater Fairfield County MLS as of 5/5/12)

The absorption trend, which shows the number of months it would take to sell the entire inventory at the same pace, came in at 9.91 for the last three months. 

Keep in mind that this rate is for ALL houses.  If you are selling your home, your agent should calculate the absorption rate trend for your price point to get a more accurate analysis.  

 SEARCH for Your New Home in Shelton, CT which includes Huntington and White Hills.

The success in selling your house in Shelton or any other community is dependent upon accurate pricing, effective preparation, calculating the absorption rate for your particular price point, and having a strong online marketing presence.  A house will sell if there is a synergy among all four.  Contact me for advice on how to list your home effectively in today’s market.

Thinking of selling?  Email me to get a complimentary free market analysis for your Shelton home.

Date Source: Greater Fairfield County Multiple Listing Service – May 5, 2012. No representation or warranty is made to the accuracy of this information.

There have even been rumors of multiple offers returning!

Many wonderful houses are listed for sale, and this spring market may well provide the best home buying opportunity as prices will certainly rise as the market recovers. For information about your local real estate market, please call us today!

CT Real Estate Sales Improving

Get ready to buy!  Connecticut Real Estate is making a comeback – finally.  Home sales numbers in most Fairfield County towns are beginning to improve. This week, the National Association of Realtors just reported that pending sales are up substantially for the first time since 2010. Take a look at today’s INMAN News report or call RealtyQuest for more information on what’s going on in your neighborhood.

National Association of Realtors Report

View printable PDF flyer here.

Darien Rental for $1800

Darien Rental for $6500

As of April 16, 2012, there are 27 active rentals in Darien with a median list price of $6,500. Pricing ranges from $35 per square foot /month for  office space on Boston Post Road to $18,000/Month for one of Darien’s signature homes, a 6640SF antique on 5+ acres.

Price Range Breakdown for Active Rentals 

In March 2012, 5 properties were rented in Darien, 3 more than last month. This represents a decrease of 2 closed rentals as compared to March of 2011.

Properties Rented in Darien – March 2012

For up-to-the-minute information about properties currently listed for rent in Darien, view our RealtyQuest Rentals Website.

Statistics courtesy of the Darien Multiple List System
DOM = Days on Market

The statistics show mixed results, as the average and median sale prices are higher than last year (see chart below), but the market time (days on market), is longer.

As of April 18, 2012, there are 52 active listings in Rowayton with a median list price of $1,137,000.

Listing Snapshot as of 4/18/2012

The most competitive price range in Rowayton is the $ 500,000 to $1,000,000 range with 22 houses listed. Here’s how the rest of the price ranges break down:

For up-to-the-minute information about properties currently listed for sale in Rowayton, view our Rowayton, CT Real Estate Listings page.

Statistics courtesy of the Darien Multiple List System