Localism: New Fairfield, CT

New Fairfield, CT - October, 2008 Real Estate Market Report

Tue, 18 Nov 2008 20:04:20 -0600

New Fairfield, Connecticut Real Estate Update
October, 2008

Closed home sales in New Fairfield, Connecticut:

There were 9 home sales closed in New Fairfield, CT.

The average closed real estate sales price for New Fairfield was $340,111.
The median closed real estate sales price for New Fairfield was $330,000.

On average, these homes sold for 98.5% of their final list price.

Days on Market averaged 140 days of market time.

This compares with 22 closed sales in October, 2007, with an average sales price of $458,336 and a median sales price of $470,000.

Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 116 homes for sale in New Fairfield, CT.
List Prices range from $135,000 for a small bungalo that is bank-owned to $21,000,000 for a Victorian-style waterfront estate.

New Fairfield, Connecticut is a small community of about 14,000 residents that borders New York State to the west and Candlewood Lake to the east. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. New Fairfield enjoys a convenient commute location to lower Fairfield County and Westchester County, New York. New Fairfield is situated just over an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate

Buy a Home and Something Will Break

Wed, 05 Nov 2008 18:59:38 -0600

I helped a wonderful couple buy their first home in New Fairfield, Connecticut. We closed yesterday, and they immediately began moving in.

At the closing, I warned them: "Something will break shortly after you move in. Don't worry. It won't be the end of the world. You will get through it."

They laughed at me: "Yeah...yeah...yeah... Whatever you say, Don."

That was yesterday. Tonight, they called. "The toilet overflowed and there is water all over the bathroom. Does this count as the thing that will break as soon as we move in?"

Fortunately, they were laughing - or, at least they were trying to cover up the screams with laughter. I assured them that, yes, this is their one major initial problem in the house. I also told them that something else will happen, but it will be minor and funny...like a doorknob coming off in their hands, or an electrical breaker will trip and they won't remember where the breaker box is.

It's just the way it is. These things happen. Welcome to home ownership!

Don Fabrizio-Garcia, REALTOR
Real Estate Sales and Appraisals

Last-Minute Gotchas Before Closing

Mon, 03 Nov 2008 11:30:05 -0600

It never fails. Something always turns up at the last minute when we are planning to close on a home.

This afternoon, I have a closing for my buyers, who are buying a new home in New Fairfield, Connecticut.

Of course, something turned up - a repair that wasn't made. We'll deal with it, but all it does is add more stress for the buyers - as well as for the sellers.

Sellers can help to avoid these "Last-Minute Gotchas" by following a few easy steps:

If you agree to make a repair, then make that repair before closing
If you know of a home defect, then disclose it up front

These two easy steps will help avoid possible pitfalls that can derail a closing. Let's avoid any surprises.

Closing on a home should be a happy occasion - for both buyers and sellers. Let's not add to the stress that is already inherent in such a transaction.

Don Fabrizio-Garcia, REALTOR
Real Estate Sales and Appraisals

New Fairfield, CT - September, 2008 Real Estate Market Report

Tue, 21 Oct 2008 20:01:33 -0500

New Fairfield, Connecticut Real Estate Update
September, 2008

Closed home sales in New Fairfield, Connecticut:

There were 13 home sales closed in New Fairfield, CT.
List Prices ranged from $132,500 - $539,500.
Closed Sales Prices ranged from $130,000 - $500,000.

The average closed real estate sales price for New Fairfield was $315,384.
The median closed real estate sales price for New Fairfield was $324,000.
On average, these homes sold for 92.6% of their final list price.

Days on Market ranged from 34 - 326 days, with the average being 141 days of market time.

This compares with 9 closed sales in September, 2007, with an average sales price of $525,055 and a median sales price of $542,500.

Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 131 homes for sale in New Fairfield, CT.
List Prices range from $142,500 for a small bungalo being sold as a short sale to $21,000,000 for a Victorian-style waterfront estate.

New Home Trends- Buying Small, Has Rising Costs Changed Buyer's Priorities?

Thu, 09 Oct 2008 19:15:57 -0500

It seems where ever you turn the cost of living has gone up but earnings & investments are down. Many of today's homebuyers have expressed a desire to own less. With winter not far off that might make sense as the cost of heating a Connecticut home has skyrocketed in the last 2 years. One local builder commented on the change; "Consumer demand has changed the focus on where & what I will build. Right now the demand is for smaller homes." If you are looking for smaller home approximately 1 hour from NY and priced under $300,000 take a look at our newest listing in New Fairfield. This home is completely remodeled by one of the area's premier builders and there is nothing left to do here but move in. Think of the savings... and take a look at 68 Route 39 in New Fairfield. ...................................................................................................................................

Newly Remodeled Home on nearly 2 acres. Babbling brook out back.

$269000

Location: CT-Danbury/Bridgeport

Posted By: petetesta

Phone: 203-442-3873

Also See: http://www.GETitSELLit.com/classified_ads/57526.php

Newly remodeled in 2007, this 2 Bedroom, 1 Bath has surprisingly spacious accomodations, with an open floor plan & hardwood floors that carry throughout. Living Room with Fireplace & Walkout to Deck. Crown molding and French doors and windows. Walkout basement to private & level backyard. Set on 1.89 acres of open space this property features rock walls and a babbling brook. Only minutes to town center, approximately 1 hour to NY. Taxes: $3,190 MLS#98397073

This property is listed for sale by LAURA TESTA with Nationwide Houses.

To view more photos of this home please visit www.petetesta.com To schedule a showing at 68 ROUTE 39, NEW FAIRFIELD please contact PETE TESTA at (203) 442-3873 or email me at Peter@NationwideHouses.com

See more details posted on GETitSELLit.com, a free classifieds website.