Wilton Home Sold in 10 Days !

I have been working with the owners of the home since last year when they purchased a condo which was in the early stages of construction with the intention of putting their home in Wilton on the market in May. I had an offer on the house even before it came on the multiple listing service. One of the agents from Westport just happened to stop by my office and was inquiring whether anyone had a home that was coming on the market and that her buyers could see because they came in from out of town to purchase a home that weekend. My clients and I were ecstatic when the next day we received a full price offer. Unfortunately , due to some assets that needed to be moved around we could not move forward with these buyers and the home was placed on the multiple listing service. Shortly there after we receive an offer above asking which we accepted and the transaction closed within 35 days.

The key to this success story is pricing the home correctly and a good working relationship with the homeowners. My clients listened to the market statistics for Wilton. We went thru all the homes that were our competition and priced the home appropriately. My clients wanted to sell immediately and did not want to over price the property and have it sit and linger on the market for months on end. When that happens the offer that we end up accepting is usually lower than the offer received if the home was priced correctly from the start.

I'm selling homes through out the year with a jump in numbers during the spring and summer. If you would like to sell your home now or in the future give me a call at 203-216-7102 or email me at ninfa.valella@cbmoves.com I will go over all the exceptional national/international marketing that I provide and all the additional marketing and exposure that Coldwell Banker provides. Call me for your town statistics - I can provide you with all the necessary information for you to make the best decisions.

Real Estate Sales Updates for Fairfield County, Ct

Wilton Property Sales

July Property sales were 17, up 21.4% from 14 in July of 2010 and -43.3% lower than the 30 sales last month. July 2011 sales were at a mid level compared to July of 2010 and 2009. July YTD sales of 112 are running -2.6% behind last year's year-to-date sales of 115.

Wilton Prices

The Median Sales Price in July was $889,000, down -21.0% from $1,125,100 in July of 2010 and up 3.8% from $856,500 last month. The Average Sales Price in July was $913,282, down -17.8% from $1,110,979 in July of 2010 and up 2.1% from $894,200 last month. July 2011 ASP was at a mid range compared to July of 2010 and 2009.

Wilton Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 79, down -13.2% from 91 days last month and up 6.8% from 74 days in July of last year. The July 2011 DOM was at a mid range compared with July of 2010 and 2009.

Westport Property Sales

July Property sales were 37, down -33.9% from 56 in July of 2010 and -32.7% lower than the 55 sales last month. July 2011 sales were at their lowest level compared to July of 2010 and 2009. July YTD sales of 228 are running 0.4% ahead of last year's year-to-date sales of 227.

Westport Prices The Median Sales Price in July was $1,070,000, down -14.7% from $1,253,750 in July of 2010 and down -2.7% from $1,100,000 last month. The Average Sales Price in July was $1,336,514, down -6.6% from $1,431,368 in July of 2010 and up 5.1% from $1,271,104 last month. July 2011 ASP was at the lowest level compared to July of 2010 and 2009.

Westport Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 122, up 28.4% from 95 days last month and up 41.9% from 86 days in July of last year. The July 2011 DOM was at its highest level compared with July of 2010 and 2009.

Weston Property Sales

July Property sales were 6, down -40.0% from 10 in July of 2010 and -57.1% lower than the 14 sales last month. July 2011 sales were at their lowest level compared to July of 2010 and 2009. July YTD sales of 62 are running -12.7% behind last year's year-to-date sales of 71.

Weston Prices

The Median Sales Price in July was $1,040,000, down -20.0% from $1,299,500 in July of 2010 and up 41.1% from $736,925 last month. The Average Sales Price in July was $1,015,333, down -29.8% from $1,446,400 in July of 2010 and up 15.7% from $877,668 last month. July 2011 ASP was at a mid range compared to July of 2010 and 2009.

Weston Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 76, up 15.2% from 66 days last month and down -9.5% from 84 days in July of last year. The July 2011 DOM was at its lowest level compared with July of 2010 and 2009.

The overall picture seems to be improving ever so slightly. Buyers are going to still benefit from lower prices in Fairfield County. Historically low interest rates still prevail and are expected to remain low for the time being giving buyers a great incentive to jump into the real estate market.

How long will interest rates remain this low ? No one knows .

To take advantage of these rates and lower prices call me : Ninfa Valella at 203-216-7102 or ninfa.valella@cbmoves.com

Real Trends - Market News

market news - Updated June 9, 2010

May sales show surprising strength.

Annualized rate of home sales increases from 4.730 million in April 2011to 4.860 million in May 2011. Average prices of homes sold increased 1.5 percent from April 2011 to May 2011.

June 8, 2011 - The REAL Trends Housing Market Report showed that the combination of new and existing home sales in May 2011 increased from 4.730 million to 4.860 million despite unfavorable news in general economy. On a year over year basis May 2011 home sales declined 8.6 percent compared to May 2010 rate of 5.318 million.

The average price of homes sold continued to increase in May 2011 with a 1.5 percent increase measured on a year over year basis. This follows an increase of 1.2 percent in average home sales price in March of 2011 over the same period the year before and represents three consecutive months of increases in the average prices of homes sold.

Housing unit sales for May 2011 were down 14.0 percent in the Midwest followed by a decrease of 9.7 percent in the Northeast. The South had the best performance where housing unit sales were down only 4.6 percent from May 2010.

Average prices of homes sold in May 2011 increased 1.5 percent across the country. The Northeast had the largest increase with the average price up 3.1 percent followed by a 2.0 percent increase in the West. Both the Midwest and the South regions saw increases in the average prices of homes sold.

"The May 2011 REAL Trends Housing Report shows that housing sales show surprising strength considering the tough economic climate and comparisons to year ago sales that were significantly boosted by the 2010 tax credit program. A significant part of the decline as measured on a year over year basis is due to the Federal tax credit which significantly raised housing sales in the March through June period of 2010," said Steve Murray, editor of the REAL Trends Housing Market Report. "The fact that the actual average price of home sales has now increased two months in a row, despite numerous analytic reports to the contrary is another bright spot in a housing market that seems to have found the bottom."

May 2011 April 2011

(Versus same month a year ago)

Closed Sales AVG Price Closed Sales AVG Price

National
-8.6% +1.5% -12.8% +1.2%

Regional Report

Northeast
-9.7% +3.1% -16.5% +1.7%

South
-4.6% +0.6% -11.2% +3.4%

Midwest
-14.0% +0.7% -21.6% -4.5%

West
-8.6% +2.0% -5.4% -1.8%

resource- Real Trend

Looking to buy or sell call me for your free market analysis . Ninfa Valella 203-216-7102 ninfa.valella@cbmoves.com

Ct conveyance taxes will be going up in July. Lawmakers are also trying to put a tax on buyers when they buy a home.