Fred Corey, Realtor®, ASR, e-PRO

RE/MAX Holds 99.9% of the National Share of Voice in TV Advertising for Q1 2009!

RE/MAX continues to lead the way in national television advertising at a time when competitors are cutting back on spending and even canceling entire national campaigns. Nielsen Media's first quarter 2009 research showed RE/MAX holding 99.9% of the national share of voice in television advertising, with an estimated 1.2 billion viewer impressions. That means that nearly every real estate commercial that the consumer hears, is about RE/MAX.

No other company can show better exposure to home buyers. Great news for those who want to sell their homes and have them listed with a RE/MAX agent!

Everyone wants to know how the real estate market is doing. If you watch the nightly news you might think that homes sell for half of what they did two years ago, that half of all homes are on the market and no one is buying them. Well, that is not the case. We have been fairly fortunate in Connecticut since our real estate market has come down in price much less than other areas, and the inventory levels are not as high as other areas.

Here in Guilford there are currently 197 single family homes on the market. That is up slightly than in years past, but not a huge increase. Of those homes currently for sale, the median asking price is $575,000. Of course that is just part of the story.

Looking forward, we currently have 40 single family homes under contract in Guilford. You will never hear the nightly news point out something like this - 17% of the homes for sale in Guilford are under contract to be purchased! That's not too bad at all. Of those homes under contract 17 still have contingencies to be met. The median asking price of the homes under contract is $469,950.

Spring is off to a pretty good start.

Inventory is up, sales slow, yet more higher priced homes selling.

Current Market...
Number of single family homes on market: 57
Average Asking Price: $457,578
Median Asking Price: $419,900
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 0, down 100% from 6 homes a year ago.
Median Sales Price: N/A
Months Supply of Inventory: 18.3 months, up 26% from a year ago.

December 2008 Summary -
Sales: 5 homes, down 20% from a year ago.
Median Sales Price: $427,500, up 30% from a year ago.
Months Supply of Inventory: 30.5 months, up 88% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Home sellers can still do well, but it is more important than ever to price realistically and according to the current market. No longer can you look at what sold a few months ago and set your asking price by that. Current competition is more important than ever.

With so many options for buyer's they are looking for the best value and prime properties, that means it is also critical to have your home properly prepared and staged. Trying to sell a home that needs work and updating can cost you a lot more than preparing and making it ready for sale.

While statistics can be useful, it is important to keep in mind that the sold statistics reflect just the homes sold in that time frame, and do not reflect a change in the overall value of all property in town. Current Market reflects the homes currently available, and what home sellers are asking for them. To find out how the market value of your specific home is affected call Fred Corey at (203) 500-0873.

Drop in median sales price, but also a reduction in inventory. Could signal the low-point in pricing.

Current Market...
Number of single family homes on market: 142
Average Asking Price: $254,542
Median Asking Price: $239,900
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 14 homes, up 133% from a year ago.
Median Sales Price: $178,000, down 19% from a year ago.
Months Supply of Inventory: 9.8 months, down 27% from a year ago.

December 2008 Summary -
Sales: 14 homes, down 30% from a year ago.
Median Sales Price: $204,950, down 5% from a year ago.
Months Supply of Inventory: 9.1 months, down 34% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Home sellers can still do well, but it is more important than ever to price realistically and according to the current market. No longer can you look at what sold a few months ago and set your asking price by that. Current competition is more important than ever.

With so many options for buyer's they are looking for the best value and prime properties, that means it is also critical to have your home properly prepared and staged. Trying to sell a home that needs work and updating can cost you a lot more than preparing and making it ready for sale.

While statistics can be useful, it is important to keep in mind that the sold statistics reflect just the homes sold in that time frame, and do not reflect a change in the overall value of all property in town. Current Market reflects the homes currently available, and what home sellers are asking for them. To find out how the market value of your specific home is affected call Fred Corey at (203) 500-0873.

Sales volume picking up, median price fluctuates substantially due to the small number of homes sold and wide price range in town, and inventory is substantially down.

Current Market...
Number of single family homes on market: 117
Average Asking Price: $921,276
Median Asking Price: $574,923
*Source of information is the Co-op MLS of Connecticut as of February 4, 2009.

January 2009 Summary -
Sales: 9 homes, up 12% from a year ago.
Median Sales Price: $545,000, up 32% from a year ago.
Months Supply of Inventory: 9.7 months, down 20% from a year ago.

December 2008 Summary -
Sales: 11 homes, up 22% from a year ago.
Median Sales Price: $315,000, down 29% from a year ago.
Months Supply of Inventory: 15.1 months, down 51% from a year ago.

With the slow-down in the market, and continued historically low interest rates, now can be a great time to buy! Buyers can do very well at finding the right home at the right price.

Home sellers can still do well, but it is more important than ever to price realistically and according to the current market. No longer can you look at what sold a few months ago and set your asking price by that. Current competition is more important than ever.

With so many options for buyer's they are looking for the best value and prime properties, that means it is also critical to have your home properly prepared and staged. Trying to sell a home that needs work and updating can cost you a lot more than preparing and making it ready for sale.

While statistics can be useful, it is important to keep in mind that the sold statistics reflect just the homes sold in that time frame, and do not reflect a change in the overall value of all property in town. Current Market reflects the homes currently available, and what home sellers are asking for them. To find out how the market value of your specific home is affected call Fred Corey at (203) 500-0873.