Real Estate in the news & weekend OPEN HOUSES

Written by SANDRA JULIANO, REALTOR® Relocation Specialist *  Fairfield County Expert  *  Se Habla Espaῆol Prudential CT Realty Licensed in State of CT

I get this question all the time…

“How’s the real estate market doing?”  So I’ll let today’s WSJ Real Estate section answer the question…Sales of previously occupied U.S. homes rose last month to the highest level in more than 1½ years, and the inventory of unsold homes contracted to a level considered healthy by economists, positive signs for the housing market.  Existing-home sales increased 4.3% in January from a month earlier to a seasonally adjusted annual rate of 4.57 million—the highest level since May 2010—the National Association of Realtors said Wednesday. The increase was the third in the past four months. Sales were up 0.7% from the same month a year earlier.

Real Estate in the News:

·         On February 21st, S&P Indices and Experian released January data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. The data showed a decline in the composite index, led by an 11 basis point drop in first mortgage default rates. Second mortgage and bank card default rates also moved down; while auto loans default rates were unchanged.

  • As reported today at RISMedia.com, the 2012 outlook is improving modestly from a disappointing 2011.  Economic growth picked up in the fourth quarter of 2011 to 2.8 percent and is expected to come in at 2.3 percent for 2012, up from 1.6 percent growth for all of last year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. However, the year-end growth rate was due largely to a positive swing in business inventory growth, which is not indicative of underlying consumer demand or the overall health of the economy.

Upcoming Open Houses:

ADDRESS

LIST PRICE

DATE

TIME

BROKER / AGENT

1 Lakecrest Drive, Danbury

$399,900

Sunday

1 p.m. – 3 p.m.

Prudential CT Realty / Annmarie Del Franco

520 Main Street, Unit 2, Ridgefield

$699,000

Sunday

10:30 a.m. – 12 p.m.

Prudential CT Realty / Annmarie Del Franco

26 Farview Rd, Brookfield

$359,000

Sunday

12 p.m. – 2 p.m.

Prudential CT Realty / Mary-Jo Madden

64 Poplar Rd, Ridgefield

$500,000

Sunday

1 p.m. – 3 p.m.

Prudential CT Realty / Debbie Chase

18 Wilridge Rd, Wilton

$849,000

Sunday

1 p.m. – 3 p.m.

Prudential CT Realty / Kathleen Richards

27 Wilridge Rd, Ridgefield

$400,000

Sunday

2 p.m. – 4 p.m.

Prudential CT Realty / Marion Filley

8 Outpost Lane, Ridgefield

$185,000

Sunday

1 p.m. – 3 p.m.

Coldwell Banker / Debbie Gore

54 Lake Place North, Danbury

$279,900

Sunday

1 p.m. – 3 p.m.

Coldwell Banker / Haynes Associates

311 Old Branchville Rd, Ridgefield

$525,000

Sunday

1 p.m. – 3 p.m.

Coldwell Banker / Kenn & Betsy Olbrych

536 Bennetts Farm Rd, Ridgefield

$378,000

Sunday

1 p.m. – 3 p.m.

Coldwell Banker / Kenn & Betsy Olbrych

121 Eleven Levels Rd, Ridgefield

$799,000

Sunday

1 p.m. – 4 p.m.

Coldwell Banker / Mike Anderson

60 Saint Johns Rd, Ridgefield

$429,000

Sunday

2 p.m. – 4 p.m.

Coldwell Banker / Carol Hanlon

254 Wilton Rd East, Ridgefield

$1,269,000

Sunday

2 p.m. – 4 p.m.

Coldwell Banker / Carol Hanlon

228 Keeler Rd, Ridgefield

$779,000

Sunday

2 p.m. – 4 p.m.

Coldwell Banker / Marie Donofrio

Sales in our area (February 16 – 22):

An overview of area real estate sales performance:

TOWN

SINGLE FAMILY HOMES SOLD

Feb 16–22, 2012

AVERAGE LIST PRICE

AVERAGE SOLD PRICE

AVERAGE DAYS ON MARKET

Ridgefield

5

$664,960

$638,780

151

Wilton

2

$1,797,000

$1,592,500

201

Redding

0

-

-

-

New Canaan

0

-

-

-

All information deemed reliable.

Featured Homes For Sale:

633 Danbury Rd, Ridgefield – Great commuter location.  Beautiful 2 bedroom condo with 2 full baths plus powder room.  Central air conditioning, reserved parking in garage in sought after Stonehouse Commons, meticulously maintained with over 1580 sq feet.  Built 1995.  Low maintenance fees.  City sewer and water!

 39 Clayton Place, Ridgefield — Enjoy 1.85 acres of lake front property adjoining the 300 plus acre Seth Low Pierrepont State Park with views of Twixt Hills and Pierrepont Lake. Last house on a cul-de-sac street offers outstanding views, extreme privacy and quiet! No motorboats are allowed on the 45acre lake but you can ice skate for free in the winter and fish for large mouth bass and sunfish in the spring and summer!

6 Outpost Lane, Ridgefield —  Beautiful one bedroom, one bath unit on the first floor.  Gleaming hardwood floors, freshly painted, lovely private garden. Walk to shopping center. 

2 Christopher Rd, Ridgefield —  Walk to lake and private dock from this 5 bedroom, 4 full bath home with outdoor kitchen,  sauna and gunite pool. Home has been renovated throughout.  Not to miss!

35 Christopher Rd, Ridgefield —  75 Feet of DIRECT waterfront.  Beautifully renovated with 4 bedrooms new baths and new kitchen!  Hardwood floors throughout and unbelievable view from all rooms!

72 Sarah Bishop Rd, Ridgefield —  3000+ square feet of beautifully renovated living space all on 3 finished levels with 4/5 bedrooms and 4 full baths!  Surrounded by conservation land, walk to golf course yet convenient to all shopping and dining.   Cul-de-sac location.

*203.249.8625    //    This email address is being protected from spambots. You need JavaScript enabled to view it. www. // SandraJuliano.com 

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