Friday, October 19, 2018

The Latest Market News and Information for You

What’s going on in our real estate market right now? Keep reading to find out.
Selling your home? Get a home value report here

Today I have a quick market update for you. Over the last three months, home values are down by 3%. At the same time, however, home values are up by 3% year over year. What’s really going on here?

I think the most likely explanation is that over the last three months, we’ve had some anomalies take place. Maybe some high-rent properties sold for less than we anticipated, which brought values down. Overall, we’re pretty much flat.


There are supply issues in the lower-to-mid priced market.


In the lower-to-mid priced market, we are continuing to experience supply issues. We have buyers, but there simply aren’t enough homes for sale. If your home is in this price range, this might be a great time for you to consider selling.

In the upper end of the market, things are still a bit sluggish. If you’re selling in this price point, you’ve got to show inherent value to buyers. If they don’t walk in and see the value, they won’t buy it.

If you have any questions about the market in your specific price point or your specific area, don’t hesitate to reach out and give me a call or send me an email. I look forward to hearing from you soon.

Tuesday, October 9, 2018

Check Out Our New Community-Based Business Promotion Page

Our team has recently launched a new site where we’ll be promoting local small businesses and we want you to be the first to hear about it.
Selling your home? Get a home value report here

We’ve got an exciting announcement to make: Our team has recently launched a community- and small business-focused website, and we want you to be the first to hear about it. Hosted through ParkBench.com, this new page will serve as a hub for local businesses looking to promote discounts, events, and other happenings in the community. You can check out this site yourself by visiting www.parkbench.com/newtown-and-sandy-hook. We’ll be promoting community businesses through this site each week, so if you know of any small business owners who are looking for a boost, please reach out. To learn more, watch this short video.

Friday, September 7, 2018

The Majority of Buyers We’re Seeing Are Coming from Two Pools

There are a few different types of groups that are making up a large portion of our homebuyers right now. We’re talking about both of them today.
Selling your home? Get a home value report here

We sell all over Fairfield, Litchfield, and New Haven counties—no matter the place, we have noticed that the majority of our buyers are coming from two different pools.

The first pool is the emerging market of millennials. These buyers are excited to buy a home and have saved up for years for their purchase. They’ve stayed on the fence and out of the market due to the recession. They are also educated, smart, and rely upon trusted advisors to make the right decision. Earning their trust is key. You can’t just be a salesman and expect them to buy the first house you show them.

Earning the trust of millennial homebuyers is key.

The second group is buyers coming out of New York, specifically Westchester County. Since the recent tax changes, homeowners can only write off $10,000 of their property taxes. Connecticut has more advantageous property taxes than New York does, and buyers are coming here to save tens of thousands of dollars on their property taxes.

A lot of our marketing efforts are going directly toward those two groups, so you really need to keep an eye on them if you’re thinking of selling your home.

If you have any questions in the meantime about these groups of buyers or about the real estate market in general, don’t hesitate to give me a call or send me an email. I look forward to hearing from you.