Welcome to my June Market Update


Call to Sellers
Renovation Tips
´╗┐May Home Sale Statistics

Call to Sellers!
I f you have been contemplating selling a home, this may be the perfect time to jump into the market. Real estate values are driven by supply and demand. The most successful deals happen when they are timed well. Fairfield County is experiencing low inventory and an increase in buyer demand for every town. There is no way to know how long these conditions will last, but with the new work from home trends and limited social activities, lifestyles are changing. The need for extra rooms and back yards is now on the rise. Market time is decreasing and multiple offers are common. Your home may be worth more than you think. Find out your value today.

´╗┐Whether staying or selling, you may want to do a bit of updating.

May 2020 Home Sale Report
Quick recap : Closings take approximately 30-60 days. May sales numbers reflect activity in March and April. Total sales for May were 323, up from last month by 40. The average time it takes to sell a home is down overall by about 40% except in Greenwich, New Canaan and Weston, but they are catching up. Sales over $2.0 million accounted for about 10% of all transactions, and sales below $1.0 million were about 70%. Information extracted from the SMARTMLS.

Real estate is local and varies between each town, area and price point.
For more specific information on your town or neighborhood, contact me.

To view previous month statistics, click here.
Highest Sale for May
54 Byram Drive, Greenwich
Sale price: $17,100,000
Original asking price: $21,000,000
Days on the market: 295

Built in 1915, this waterfront estate sits on almost 4 acres of land and features panoramic views of Long Island Sound, over 8,600 square feet of living space, 19 rooms, 9 bedrooms, 8 full baths, 2 partial baths and 3 fireplaces. Listed by Halstead, sold by Coldwell Banker.
Lowest Sale for May
18 Fairfield Woods Road, Fairfield

Sale price: $199,000
Asking price: $199,000
Days on the market: 86

Built in 1917, this Bungalow style home sits on .12 acres of land and features over 500 square feet of living space, 3 rooms, 1 bedroom, and 1 full bath. This property was also offered as land.
Listed by William Raveis and sold by Yellow Brick.
All styles, sizes and budgets. Fairfield County has something for everyone.

Elizabeth Tardif