Fab Real Estate Blog

A new report just released by Inman News details how home buyers ultimately find their new home.  The results are not surprising:

• 36% of all home buyers found the home they purchased through their real estate agent
• 36% of all home buyers found the home they purchased on the internet

Just with the two items above, a whopping 72% of all recent home buyers found their new home through their agent or through their online searches.  Ninety percent of all recent buyers did utilize the internet to look at available homes and assist themselves in their home search process.

Agents often ask why I market so extensively online.  I do so because I want my clients' homes to sell.  I want those 90% of internet searches to see MY clients' homes.
Some agents ask why I also market to my colleagues.  Again, I do so because I want my clients' homes to sell.

The report continues:

• 12% of all home buyers found the home they purchased from a yard sign.
• 6% of all home buyers found the home they purchased through a friend, neighbor or relative

Don't want a For Sale Sign in your front yard?  You may have potentially lost out on 12% of the potential buyers.
The photo postcard mailing I send to your neighbors helps us capture an additional 6% of potential buyers for your home.

We've now tackled 90% of the market of potential buyers for your home.  Most buyers are now aware of your home. 

Where do print ads come in to play?  Only 2% of buyers located their new home through a print ad.
How about open houses?  Not even listed on the report, as while many buyers do visit open houses, they do not typically locate their via these open houses.

So, as agents, where should we focus our time, money and efforts?

I focus my efforts on those 90% of buyers.
If you're selling your home, make sure all efforts are focused on these 90% of buyers.  The odds of selling will be in your favor

Don Fabrizio-Garcia, REALTOR
Real Estate Broker & Appraiser
Nationwide Realty

203.746.1199
www.FabRealEstate.com

New Milford, Connecticut Real Estate Update 
September, 2009 

Closed home sales in New Milford, Connecticut: 

Single Family Homes: 
There were 19 single family home sales closed in New Milford, CT. 

The median closed real estate sales price for single family homes in New Milford was $271,000. 
On average, these homes sold for 95.8% of their final list price. 

Days on Market averaged 212 days of market time. 

 NOTE:  42% of these closes sales were either bank-owned foreclosure sales or pre-foreclosure short sales.

This compares to 17 single family homes closed in September, 2008, with a median closed sales price of $325,000.

Condos: 
There were 4 condominium sales closed in New Milford, CT.

The median closed real estate sales price for condos in New Milford was $178,500.

This compares to 9 condos closed in September, 2008, with a median closed sales price of $180,000.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 284 single family homes for sale in New Milford, CT.
List Prices range from $75,000 for an antique colonial in need of restoration to $5,900,000 for am expansive home on more than 75 acres.

Condos:
Currently, there are 96 condos available for sale in New Milford, CT.
List prices range from $64,900 to $539,900.

New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County. The town borders the northeastern shores of Candlewood Lake. Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities. New Milford enjoys a population of about 28,000 residents.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

New Milford, Connecticut Real Estate Update 
August, 2009 

Closed home sales in New Milford, Connecticut: 

Single Family Homes: 
There were 12 single family home sales closed in New Milford, CT. 

The median closed real estate sales price for single family homes in New Milford was $312,500. 
On average, these homes sold for 92.5% of their final list price. 

Days on Market averaged 245 days of market time. 

 NOTE:  17% of these closes sales were either bank-owned foreclosure sales or pre-foreclosure short sales.

This compares to 14 single family homes closed in August, 2008, with a median closed sales price of $372,500.

Condos: 
There were 6 condominium sales closed in New Milford, CT.

The median closed real estate sales price for condos in New Milford was $123,500.

This compares to 8 condos closed in August, 2008, with a median closed sales price of $175,000.

Currently available homes for sale in New Milford, Connecticut:

Single Family Homes:
Currently, there are 284 single family homes for sale in New Milford, CT.
List Prices range from $75,000 for an antique colonial in need of restoration to $5,900,000 for am expansive home on more than 75 acres.

Condos:
Currently, there are 96 condos available for sale in New Milford, CT.
List prices range from $64,900 to $539,900.

New Milford, Connecticut, is the southernmost town in Litchfield County and is known as The Gateway to Litchfield County. The town borders the northeastern shores of Candlewood Lake. Several lake communities surround its Candlewood Lake shores, and typically offer a private beach for residents, boat docks and other amenities. New Milford enjoys a population of about 28,000 residents.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Brookfield, Connecticut Real Estate Update
September, 2009 

Closed home sales in Brookfield, Connecticut: 

Single Family Homes: 
There were 6 single family home sales closed in Brookfield, CT.

The median closed sales price was $427,500.
On average, these homes sold for 91.8% of their final list price. 
Days on Market average 238 days of market time.

This compares to 15 closed sales in September, 2008, with a median closed sales price of $405,000.

Condos: 
There were 5 condominium sales closed in Brookfield, CT. 
The median sales price was $229,000. 


This compares to 2 closed sales in September, 2008 with a median sales price of $233,500.

Currently available homes for sale in Brookfield, Connecticut:

Single Family Homes:
Currently, there are 144 single family homes for sale in Brookfield, CT.
List Prices range from $185,000 for an antique cape to $2,195,000 for a newer waterfront home.

Condos:
Currently, there are 42 condos for sale in Brookfield, CT. List prices range from $147,000 for a one-bedroom unit to $575,000 for a new unit in an active adult community.




Brookfield, Connecticut, is located between Candlewood Lake and Lake Lillinonah, creating a multitude of water recreation opportunities in the town. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. Brookfield enjoys a population of about 16,000 residents.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Danbury, Connecticut Real Estate Update
September, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 24 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $309,000. 

On average, these homes sold for 98% of their most recent list price.

Days on Market averaged 186 days of market time. 

This compares with 36 closed sales in September, 2008, with a median closed sales price of $315,000.

***  What is interesting to note is that of these 17% of these sales were either bank-owned foreclosure homes or pre-foreclosure short sales.

Condos:
There were 31 condominium sales closed in Danbury, CT.
The median closed sales price was $225,000.
On average, these homes sold for 96.6% of their most recent list price.

This compares with 36 closed sales in September, 2008, with a median closed sales price of $246,000.

.

Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 290 single family homes for sale in Danbury, CT.
List Prices range from $107,500 for a bank-owned colonial to $2,100,000 for a large Candlewood Lake waterfront home with guest house.

Condos:
Currently, there are 235 condos available for sale in Danbury, CT.
List prices range from $60,000 - $739,000.

Danbury, Connecticut, a former military depot during the American Revolution, is a diverse community of about 78,000 residents that borders New York State to the west and the southern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  Danbury enjoys a convenient commute location to lower Fairfield County and Westchester County, New York.  Danbury is situated just about an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate

Danbury, Connecticut Real Estate Update
August, 2009

Closed home sales in Danbury, Connecticut:

Single Family Homes:
There were 32 single family home sales closed in Danbury, CT.

The median closed real estate sales price for single family homes in Danbury was $307,500. 

On average, these homes sold for 95.1% of their most recent list price.

Days on Market averaged 163 days of market time. 

This compares with 29 closed sales in August, 2008, with a median closed sales price of $346,000.

***  What is interesting to note is that of these 16% of these sales were bank-owned foreclosure homes.

Condos:
There were 25 condominium sales closed in Danbury, CT.
The median closed sales price was $245,000.
On average, these homes sold for 93.7% of their most recent list price.

This compares with 25 closed sales in August, 2008, with a median closed sales price of $267,000.

.

Currently available homes for sale in Danbury, Connecticut:

Single Family Homes:
Currently, there are 290 single family homes for sale in Danbury, CT.
List Prices range from $107,500 for a bank-owned colonial to $2,100,000 for a large Candlewood Lake waterfront home with guest house.

Condos:
Currently, there are 235 condos available for sale in Danbury, CT.
List prices range from $60,000 - $739,000.

Danbury, Connecticut, a former military depot during the American Revolution, is a diverse community of about 78,000 residents that borders New York State to the west and the southern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  Danbury enjoys a convenient commute location to lower Fairfield County and Westchester County, New York.  Danbury is situated just about an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate

Sherman, Connecticut Real Estate Update
September, 2009

Closed home sales in Sherman, Connecticut:

There were 1 home sales that closed in Sherman during September, 2009.

The median sales price was $520,000.

On average, these homes sold for 98.1% of their final list price.

Days on Market averaged 294 days of market time.

This compares with a closed sales in September, 2008, with a median sales price of $565,000.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 62 homes for sale in Sherman, CT.
List Prices range from $275,000 for a small bungalo with beach rights to $3,199,000 for a spacious antique estate.

Sherman, Connecticut is a small semi-rural community of about 4,000 residents that borders New York State to the west, New Fairfield to the south and hugs the northwestern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  The northernmost town in Fairfield County, Sherman is often cited as being the fastest growing town in Connecticut per capita, yet still retains its rural roots and charm.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

Sherman, Connecticut Real Estate Update
August, 2009

Closed home sales in Sherman, Connecticut:

There were 2 home sales that closed in Sherman during August, 2009.

The median sales price was $464,962.

On average, these homes sold for 95.9% of their final list price.

Days on Market averaged 263 days of market time.

This compares with 2 closed sales in August, 2008, with a median sales price of $767,500.

Currently available homes for sale in Sherman, Connecticut:

Currently, there are 62 homes for sale in Sherman, CT.
List Prices range from $275,000 for a small bungalo with beach rights to $3,199,000 for a spacious antique estate.

Sherman, Connecticut is a small semi-rural community of about 4,000 residents that borders New York State to the west, New Fairfield to the south and hugs the northwestern shores of Candlewood Lake.  Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities.  The northernmost town in Fairfield County, Sherman is often cited as being the fastest growing town in Connecticut per capita, yet still retains its rural roots and charm.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale

Data compiled from the Greater Fairfield County MLS and believed to be accurate.

New Fairfield, Connecticut Real Estate Update 
September, 2009 

Closed home sales in New Fairfield, Connecticut:

There were 9 home sales closed in New Fairfield, CT. 

The median closed real estate sales price for New Fairfield was $275,000. 

On average, these homes sold for 92.2% of their final list price.

Days on Market averaged 129 days of market time.

This compares with 13 closed sales in September, 2008, with a median sales price of $324,000.

Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 149 homes for sale in New Fairfield, CT.
List Prices range from $124,900 for a bank-owned fixer to $10,000,000 for a waterfront estate on more than 40 acres.

New Fairfield, Connecticut is a small community of about 14,000 residents that borders New York State to the west and Candlewood Lake to the east. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. New Fairfield enjoys a convenient commute location to lower Fairfield County and Westchester County, New York. New Fairfield is situated just over an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale


Data compiled from the Greater Fairfield County MLS and believed to be accurate

New Fairfield, Connecticut Real Estate Update 
August, 2009 

Closed home sales in New Fairfield, Connecticut:

There were 13 home sales closed in New Fairfield, CT. 

The median closed real estate sales price for New Fairfield was $299,500. 

On average, these homes sold for 91.6% of their final list price.

Days on Market averaged 170 days of market time.

This compares with 15 closed sales in August, 2008, with a median sales price of $385,000.

Currently available homes for sale in New Fairfield, Connecticut:

Currently, there are 149 homes for sale in New Fairfield, CT.
List Prices range from $124,900 for a bank-owned fixer to $10,000,000 for a waterfront estate on more than 40 acres.

New Fairfield, Connecticut is a small community of about 14,000 residents that borders New York State to the west and Candlewood Lake to the east. Several lake communities border Candlewood Lake, and typically offer a private beach for residents, boat docks and other amenities. New Fairfield enjoys a convenient commute location to lower Fairfield County and Westchester County, New York. New Fairfield is situated just over an hour by car to Hartford, Connecticut and New York City.

This Market Report prepared by:
Don Fabrizio-Garcia, REALTOR
Real Estate & Appraisals
203.746.1199
Connecticut Real Estate and Homes for Sale


Data compiled from the Greater Fairfield County MLS and believed to be accurate