Norwalk

Fabulous SoNo

Fabulous SoNo

Norwalk has many reasons to celebrate its city. As a lifelong resident, I know what this city has to offer. One of the most successful and popular spots in town is in South Norwalk also known as SoNo. From it’s hey day in the early 1900’s to its depressed state in the 70’s. SoNo has now been resurrected to a new grandeur.

SoNo represents the vibrancy of Norwalk. It’s a wonderful place to live, visit and relax. From its night life, boutique shops and art galleries to its waterfront activities there is so much to do here. It is definitely a destination for all.

SoNo has all sorts of real estate to purchase. There are charming old buildings that have been renovated into luxury condominiums, to newly constructed modern buildings with all types of amenities. The exposed brick, large full view windows and water views are the reason why people love the architecture. They come in all sorts of price points starting in the lower two hundred thousand range up to one million plus for penthouse suite overlooking the water. Buyers are flocking to this area as they know the value of these properties and what they have to offer. SoNo also has a mix of commercial and multifamily dwellings as well.

You can also rent properties in SoNo too! At this time there is a real demand for apartments in this area. There are lovely rentals starting at $1350 and up depending on your space requirements. The rental market is bringing many young college graduates who are working in the area. They all want to live in SoNo as it is the only place to be and it gives them a sort of SoHo experience without being in New York City. Within walking distance to the South Norwalk train station you can be in Manhattan in 45 minutes.

The SoNo Design District is working to bring the best in retail and restaurants to the area for all to enjoy. They have a fabulous website www.sonodesigndistrict.net that gives a pretty good explanation on what SoNo has to offer.

One of the biggest tourist destinations is Maritime Aquarium and IMAX Theater. You can see the local marine life, exhibits, and learn about the past too. It is very popular and a great place to take the family. If you are a history buff then head on over to the Norwalk Museum on North Main Street. You will find a museum full of history including collections from the past and a tremendous amount of photos and archives from days of long ago. If you want some of the best and trendiest dining in town then this is the place to be. There are no chain restaurants here. Every dining establishment are mom and pop businesses. There is a food style for every budget and taste. Some of my favorites are Donovans, Barcelona and Strada 18. If you need a chocolate fix then head on over to Chocopologie on South Main Street. My favorite chocolate treat is the caramel with sea salt. Yum!

A fun thing to do on a summer day is to take a boat ride out to the Historical Sheffield Island Lighthouse. You can pick up the boat at the Seaport Dock right before the bridge in SoNo. The Norwalk Seaport Association has a new 49 passenger ferry boat just waiting to be chartered. For more information please check out their website www.seaport.org.

As SoNo keeps growing with residential and commercial opportunities I feel that it will continue to be a great place to invest and live. For more information on fabulous SoNo please contact us today!

Betty Bondi
Bondi Realty Group LLC

203-899-9990

Norwalk

Norwalk CT Property Sales Transfers April 1 – 15

31 Deerwood Manor
Richard & Faye Sneeder to Kristie & Sloane Googin, $870,000

199 Gregory Boulevard Unit A2
Estate of Nancy Weddell to Judith H, $505,000

28 Raymond Terrace
Bryan & Angelyn Ferguson to Nathaniel & Jessica Burns, $325,000

25 Grand Street Unit 230
Brett Almstead to Heather Breslin, $225,000

1 Nylked Terrace
Paul Allaire to David Rosenberg, $3,675,000

7 Norport Drive
Julie Reid & Linda Wolf to David & Jennifer Reganato, $2,275,000

11 Oak Street
Peoples United Bank to Simela Petridou & Dimitrios Petridis, $102,000

33 North Water Street Unit 306
Mark Candido & Ronald Scinto to Jill Birinyi, $397,500

12 Elm Street
US Bank NA to Peter Boccarossa, $215,600

15 South Street Unit 2A
C & T Partners to Jean Jacob LLC, $250,000

19 Knollwood Road
Richard & Cheryl Copeino to Jones Darkwa, $380,000

6 Jersey Lane
Elizabeth Pavlik to Patria Peralta, $386,500

1 Jomar Road
John & Tina Pinto to Toan & Matilda Hinh, $385,000

4 Daskams Lane Unit 309
Ryan Fisher to Erez Biala, $347,000

56 Strathmore Lane
Penelope Koechl to Robbie Gendels, $352,500

19 Fireside Court
Justine Cutrone to Shawn Schwartz, $610,000

105 Dry Hill Road
PCJ LLC to Dan Bucatanschi & Ksenia Bukina, $619,000

442 Main Avenue Unit D1
442 Main Avenue LLC to Ruslan & Liya Magdeeva, $435,000

15 Pine Point Road Unit 202
Tristam & Cynthia Dunn to David & Albertine Madon, $145,000

45 Raymond Terrace
Elizabeth & Peter Ricci to Norchilas Marsan & Leigh Testa, $420,000

7 Harriet Street
James & Jane Mitchell to Craig & Tamara Allan, $310,000

4 Shagbark Road
Clute & Daphne Ely to R Grosvenor & Jean Ely, $2,000,000

143 North Seir Hill Road
Kerschner Development Company LLC to Corin & Jason fogelson, $1,220,000

6 Avon Street
Mark & Barbara Sibiskie to Paul Falzone, $130,000

199 Gregory Blvd Unit A4
Gregory & Mark DeVito to Pasquale & Beatrice D’Orio, $530,000

21 Eagle Road
Darryl Hoyt to Amanda Morelli, $265,000

50 Fairview Avenue Unit 3B
Helen Greskovic to Cross Properties LLC, $95,000

80 County Street Unit 1C
Martin Wolf to JBS Realty Group LLC, $100,000

10 Pine Hill Avenue Ext
Joseph Flewellyn & Edith Salisbury to Joseph & Luisa D’allacco, $535,000

10 Twin Ledge Road
Will & Megan Swillie to Paul & Gregory Varner, $625,000

16 Olive Lane
John & Eleanor Malucky to Antartica LLC, $280,000

125 Washington Street Unit L208
Michael Licata to Michael Jackson, $196,000

31 West Main Street
31 West Main Street LLC to Twins 06 LLC, $600,000

1 Deerwood Manor
Estate of Frances Cea to Philip Solano, $365,000

Norwalk

Norwalk CT Property Sales Transfers March 16 – 31

20 Hayes Avenue
20 Hayes Avenue LLC to Antonette Gmernicki, $519,000

78 Stonybrook Road
Estate of Elaine Soyak to Peter & Madorie O’Hara, $416,710

97 Wolfpit Avenue
Jeffrey & Barbara Sisko to David & Kimberly Gibson, $600,000

36 Ellen Street
Frank Dudas to Ree Ann Macachor & Christopher Murphy, $416,400

18 Hilltop Road
Lewis Andrews & Mary Trampus to Julie Frank, $1,150,000

2 Sasqua road
Gary & Deborah Lucidon trustee to Frank Ertl, $850,000

130 Fillow Street
Joan Monte to Sondra Kelly, $293,000

10 Broadview Terrace
Brandon & Michelle Schassberger to Edward Kasparek, $385,000

24 Mills Street
US Bank NA to John Robinson, $285,000

130 Fillow Street, Unit 13
Thomas Mosier to Antonio Barros, $315,000

114 Dry Hill Road
Craig Bianco & Jennifer Chin to Kathleen Gallagher & Franco D, $383,000

15 Lakewood Drive
Judith & Harold Uhlin to Daniel & Sarah Lawrence, $342,000

1 Harriet Street
Real Estate Holding LLC to One Harriet LLC, $350,000

4 Pogany Street Unit A1
Susan O’Neill to Erik Henry, $279,700

5 Eagle Road
D’Orio family Trust to Scott & Arlene McCoy, $339,900

6 Pine Point Road
Gail Cosman to Bas & Julie Nieuweweme, $1,349,000

74 Strawberry Hill Avenue
Christopher Cooke conservator of Howard Nickerson to James Roach, $375,000

3 Harbor Bluff Lane
Miriam Moran Trustee to Pierce & Ashley O’Neil, $1,875,000

50 Ferris Avenue
Maria Oliva & Jose Garcia to Kalpanaben & Thakorbhai Patel, $205,000

102 Silver Creek Lane # 32
Charles & Mary Bockus to James & Melinda Brockwell, $650,000

19 Blue Mountain Road
Jacqueline Brini to Jonathan & Natalie Kroft, $482,500

20 Ryan Avenue
GMAC Mortgage LLC to Brant Behr, $190,000

111 Winfield Street
Luis & Carmelina Vega to Alex Westwood, $225,000

36 Ferris Avenue Unit B3
Woodbury LLC to Jade & Brandon Karow, $399,000

15 Pine Point Road Unit 260
Robert & Lisa Ingraham to Laura Logan, $150,000

115 Fillow Street Unit 82
Susan McIntyre to John Runia, $305,000

100 Richards Avenue # 206
Frank Intrieri to Stephanie Pisano, $335,000

84 Shorefront Park
William Falkenstein to Samuel & Rebecca Howe, $706,500

12 ½ Highview Avenue
Paul Bean to Jian Ming Bi & Shao Xia Luo, $272,000

5 Old Rock Lane
Steven & Dorothy Carter to Douglas Schneider, $572,500

22 Fair Street
Salvatore & Tara Mattera to Paul & Elizabeth Seeger, $367,000

15 Pine Point Road Unit 306
Simon & Chantal Little to John Lang & Courtney Kelly, $135,000

20 Duck Pond Road
Irene Reichenbach to Christopher Lynch, $1,025,000

4 Mack Street
Jody Proct to Stephen & Hillary Ahearn, $250,000

29 Phillips Street
Michael Dial to Michael Pironto, $260,000

130 Stuart Avenue
Estate of Mary Pignataro to Ralph & Doralisa Gonzalez, $276,000

77 West Norwalk Road
Mangesh & Shilpa Karandikar to Jeremy Mercier & Mary Doran, $442,500

1 Byrd Road
Prudential Relocation Inc to Theodore Sommer & Ashly Hevesy, $273,000

Norwalk

State of the Market first quarter report 2011

The State of the Market First Quarter 2011

Here we are once again gearing up for the spring real estate market. Contrary to what the national media is reporting, our local housing market is getting off to a good start. House sales in the first quarter have shown a slight gain overall compared to last year. I feel that this year we will start to see prices stabilize and become affordable for more buyers.

Everyone should know what is really happening out there in their local real estate market.

People should ask their Realtor for guidance or get their information from the local property transfers. The property transfers are available on the Bondi Realty Group website. While some areas faired better than most Connecticut’s overall values didn’t go down as much as parts of the rest of the Country.

I already see a trend of the bottom end of single family home prices starting to stabilize ever so slowly. Many of these homes consist of foreclosures and short sales. These homes are selling up to $400,000. The middle price range of up to $750,000 is finally showing some movement in Darien, Westport & Wilton. Rowayton properties are selling very well with prices over $1,000,000.

Here are a few statistics from Consolidated Multiple Listing system.

As of March 30th 2011 Norwalk is showing a decrease in inventory compared to last year at this time. There are 398 single family homes and 258 condominiums currently on the market. In the first quarter of 2010 there were 426 single family and 306 condos for sale. In the first quarter of 2011, 83 single family and 39 condos have sold. The first quarter in 2010 recorded 82 Single family homes and 42 condos sold. These are pretty good numbers considering that the weather took a great toll on the real estate market in the Northeast, and there was no government buyer incentive for housing this year.

There is now affordability in Westport and Wilton. This has led to an increase of sales in these towns. Here are the related numbers for these communities.

Inventory is also down in Westport as they are currently showing an inventory of 297 single family homes and 23 condominiums on the market. Last year at his time inventory was 330 single family homes and 33 condominiums for sale.

In the first quarter of 2011, 49 single family homes and 4 condos have sold. In the first quarter of 2010 there were a similar number of sales showing 47 single family homes sold. Condo sales were a bit lower with only 2 sold in the same time period.

Wilton is currently showing an increase of inventory with 162 single family homes and decrease of 18 condos for sale. Last year at this time inventory was 154 for single family homes and 29 for condos. Wilton is showing an increase in sales from last year at the same time. In the first quarter of 2011, 29 single family homes and 5 condos sold. For the first quarter 2010, 20 single family homes and 3 condos were sold.

As home owners mentally adjust to the current market conditions, prices will continue to become more realistic. Overall housing prices are down approximately 15% to 40% from the height of the market in 2006-2007, depending on the condition or location of your home. These percentages also pertain to foreclosures and short sales.

As a buyer or seller the best way to succeed in the real estate market is to make sure you get the proper education and guidance through a professional real estate agent. Bondi Realty Group LLC is among the top producers for buyers and sellers in this area. We are currently offering both buyers and sellers incentives for working with us. Please call us today for all of your real estate needs.

Betty Bondi

Owner/ Broker

www.BondiRealtyGroup.com

203-899-9990

Norwalk

Free MacBook Air with Home purchase Buyer Bonus

Free 11 inch MacBook Air Buyer Bonus – $1,000 value!!!

Buyer Bonus!!!!! Buy a home with Peter & Betty of Bondi Realty Group LLC and close before July 31, 2011 and receive a bonus gift 11 inch MacBook Air after you close!

Bondi Realty Group wants to help you with your purchase of a new home. We are giving our clients who sign a buyer’s broker agreement with us & are financially qualified a brand new 11 inch MacBook Air after closing on a property purchased through us. Just imagine staying connected wherever you are with your new 11 inch MacBook Air.

This offer is good from now until July 31, 2011. That means that you must find and close on a property within this time frame. You will receive your 11 inch MacBook Air within 14 days after the closing of the property.
If you would like more information about this or any other offer please call or email us. We are a family owned and operated business. We have a great reputation in the community and are honest and hard working. We are local real estate experts and we will teach and educate you on how to buy a home in today’s market. We have a team in place including mortgage brokers and attorneys to get the job done with ease. We look forward to working with you and helping you find your dream home.

Restrictions apply, please call for more information.

Buyer Bonus does not apply to buyer agent commissions of less than 2.5% or sales under $600,000. 11 inch MacBook Air promotion is for New Clients only and cannot be combined with any other offers including referrals.

We are looking forward to working with you to find your Dream Home!

We specialize in lower Fairfield County – Norwalk, Darien, Westport , Greenwich, Rowayton, New Canaan, Fairfield

Betty & Peter Bondi
www.Bondirealtygroup.com

203-899-9990

Norwalk

$399,000 – Beautiful Vintage Colonial Farmhouse – Norwalk CT

 Beautiful vintage colonial farmhouse located within walking distance to all district schools – Naramake, Nathan Hale and Norwalk High School. Features include – large open living room, dining room and family room each with their own unique wood burning fireplace.  Huge master bedroom suite on first floor with vaulted ceilings, remodeled master bath and lots of closets. There are two more bedrooms on the second floor with hardwood floors and full bath. New energy efficient windows.  New kitchen with stainless appliances including Viking range and hood and beautiful tile floor. Convenient location close to shopping, I95 and Westport town line. This is a short sale and must be approved by a third party. Bondi Realty Group LLC has short sale experience. We can work together with our team of professionals to close the deal as quickly as possible. Please call us today to ask about the short sale process.

Norwalk

State of the Real Estate Market January 2011

State of the Real Estate Market 2011 

As we enter 2011 I can tell you that Norwalk’s housing market is showing signs of stability but the banks are still being cautious and reserved with their lending. In January of 2010 there were 331 single family homes on the market and 251 condominiums for sale. January of 2011 shows single family inventory at 327 and condominium inventory at 194. That is a slight decline in single family numbers. Condo numbers show a much sharper decline in the inventory.

Everyone wants to know what is really happening out there in our local real estate market. I believe our current local real estate market has faired better then the rest of the country. Here are a few statistics from Consolidated Multiple Listing system.

I am happy to report that Norwalk numbers are up on home sales. 505 single family homes sold in 2010. That is up from 2009 home sale numbers of 438. This reflects an increase of 67 home sales. That is a 14 % increase in single family homes from 2009! Condominium sales are also up. 227 condos were sold in 2010 compared to sales of 222 in 2009. This is an increase of 2%.

Westport numbers are looking good. Current inventory shows 211 single family and 21 condos for sale this year. They are also reporting an increase of home sales.
350 single family homes sold in 2010. That is up from 2009 numbers of 250. Those numbers are up an incredible 29%. Condo sales are up too. 28 condos sold in 2010 compared to 2009 numbers of 23. This is an increase of 18 %.

Wilton numbers are up too! Current inventory shows 107 single family and 14 condos for sale. 165 Single family homes sold here in 2010. That is up from 2009 numbers of 136, showing an increase of 18%. Condo sales were slightly higher in 2010. 25 condos sold this year compared to 2009 numbers of 18. This is an increase of 28%.

All indicators are pointing to a gradual housing recovery. The national median home price however, is expected to remain stable even with a continuing flow of distressed properties coming onto the market, as long as there is a steady demand of financially healthy home buyers.

If local home sales continue to rise, this may result in prices rebounding as we move into the year. It really all depends on what happens in the economy. If more jobs become available and people feel secure with the jobs that they currently have then I suspect the 2011 local housing market will continue to show better numbers.

Betty Bondi
Owner/ Broker
www.BondiRealtyGroup.com

Norwalk

Norwalk CT Property Sales Transfers October 16 – 31

7 Lancaster Drive
Richard & Mary Newbould to Gabriell Winter, $526,000 

11 Yorkshire Road
Edyta Wolosz to Christopher & Ewa Zaleska, $790,000

3 Silvermine Way
Howard & Gail Johnson to Phillip & Linda Kaye, $775,000

26 Deepwood Lane
Jeffrey & Sarah Williams to John Dolle & Jamie Muzzy, $750,000

1 Silvermine Ridge
Adam & Melissa Pennucci to Danielle Meisner & Jamie Wing, $725,000

10 Sunrise Hill Road Unit 3
Victor Paganucci to Maegan Talt, $308,250

312 West Cedar Street
James Farley to Marios Sokratars, $260,000

10 Hartstom Place
Maria Gonzalo-Khoury trustee to Cartus Financial Corp, $1,575,000

28 Glen Avenue
Lisa DeLise to Christopher & Jaclyn Shearn, $425,000

57 West Rocks Road
NAC Equities LLC to Winston Preparatory School, $5,340,000

16 Pequot Drive
James & Patricia Maitland to Hermes & Eliana Benedetti, $727,500

10 Peter Street
IMB Reo LLC to Mohamed & Josephine Jabbari, $255,000

57 Old Rock Lane
Peter & James Levinson co administrator to Echo Valley LLC, $633,285

50 Aiken Street Unit 503
Norma Burkhart to Lennox & Marjorie Stuart, $256,000

68 Strathmore Lane
Ellen Laska to John & Maureen Harney, $402,500

2 New Canaan Way
Diane DeVito to Pamela Peacock, $650,000

47 Hills Lane
Steven Schmidt to Jane Spaulding, $247,000

34 Homer Street
John Snyder to Marie Carney & Courtney Brooks, $457,500

30 McKinley Street
Estate of Jean Fitzgerald to Brian Bast & Sara Ingrassia, $572,000

11 Jean Avenue
Roosevelt Mortgage Acquisition Co to Thomas & Magdalena Florczyk, $300,000

6 Silvermine Avenue Unit 4
Ginette Beaulieu to Brenda Stern, $235,000

14 Kingsbury Road
Brett & Allison Pogany to Theodore Randolph, $440,000

1 Bittersweet Trail
Annie Albin trust to Peter & Gina Lognani, $777,500

77 Bluff Avenue Unit 43
Jeffrey & Maybeth Osmun to Thomas Vris, $30,000

73 Woodward Avenue
Deutsche Bank trustee to Denise Valentino, $154,000

Norwalk

State of the Market Third Quarter 2010

The State of the Market Third Quarter 2010We are heading full steam into the fall real estate market. Everyone asks what can be expected at this time of year? Will homes sell? Will prices continue to decline? What are the current mortgage rates and what do they mean to me? What are the key components to drive this market along?

Let’s see what is happening in the market place at this time. The data was pulled from the Consolidated Multiple Listing system.

As of September 29th, 2010 Norwalk is showing a decrease in inventory and sales compared to last quarter. Currently there are 477 single family homes and 291 condominiums on the market for sale. The third quarter from July 1st to September 29th recorded sales of 120 single family homes & 44 condos.
In the second quarter from April to June 30th there were 499 single family homes and 313 condos on the market. The second quarter recorded sales of 144 single family homes and 62 condos. In the first quarter of 2010 there were 426 single family homes and 306 condos for sale. The first quarter recorded sales of 96 Single family homes and 52 condos. So far for the year 2010, 360 single family homes and 158 condos sold compared to 2009 property sales in the same time period that resulted in total sales of 295 single family homes and 156 condos sold.
Westport is currently showing an inventory of 361 single family homes and 30 condos on the market. Third quarter 2010 sales report 126 single family homes and 7 condos sold.
In the second quarter from April 1st to June 30th showed an inventory of 392 single family homes and 32 condos. Second quarter 2010 sales report 89 single family homes and 12 condos sold. First quarter in Westport reported sales of 54 single family homes and 4 condos. So far in 2010 a total of 269 single family homes and 23 condos sold compared to 2009 property sales in the same time period that resulted in total sales of 174 single family homes and 14 condos sold.
Wilton is currently showing an inventory of 186 single family homes and 24 condos for sale. Third quarter 2010 sales report 41 single family homes and 4 condos sold.
The second quarter from April 1st to June 30th showed an inventory of 181 single family homes and 27 condos. Second quarter 2010 sales report 63 homes & 11condos sold.
For the first quarter 22 single family homes and 3 condos sold. So far in 2010 a total of 128 single family homes and 18 condos sold compared to 2009 property sales in the same time period that resulted in total sales of 102 single family homes and 12 condos sold.

 
Norwalk and the surrounding areas have actually fared very well. Home sales are on the upswing & mortgage rates are at an all time low.
Today’s interest rates and what they mean to you

Mortgage interest rates are at an all time low. Here is an example of what it means to you when purchasing a home.

This is what is will cost you every month for you mortgage loan per $100,000

4.5% —– $506.69
5.0% ——$536.83
5.5% ——$567.79
6.0% ——$599.56
6.5% ——$632.07

The rate right now for 30 year fixed loans is approximately 4.5% depending on your credit score, down payment and type of mortgage loan.
Take this into consideration as you ponder whether to purchase a home soon or decide to wait. If interest rates go up, then it will cost more money in the long run. Home prices are affordable and there is plenty of inventory at this time.

 

Betty Bondi
Owner/ Broker
www.BondiRealtyGroup.com
203-899-9990

Norwalk

State of the Market Second Quarter 2010

The State of the Market Second Quarter 2010 

The home buyer’s credit program has come to an end. It was a good incentive program for new & current homeowners to purchase real estate. The new buyer’s home credit was for up to $8000 and you were eligible if you didn’t own a home for three years. A $6500 tax credit was available if you have owned and occupied your home for at least five consecutive years. The original deadline was, that you had to purchase another home and have a signed contract by April 30th and close by June 30th, 2010. On July 1st the house voted to extend the deadline to September 30th. Currently there is a backlog of homes that haven’t closed because the banks are bogged down with so many sales, however your original contract still had to be signed by April 30th. Based on the numbers of sales that happened this year, I would say that it had a definite impact on the local real estate market as it pushed quite a few buyers to get off the bench and make a decision to purchase a new home.

In today’s market home values have been pretty hard to set. The appraiser plays a very important role in setting the sale price. He or she has to be accountable to the lending institution and the banks are being a lot more cautious. Sometimes your home appraisal can make or break a deal. If the opinion of your home’s fair market value is below what the buyer agreed to pay then the low appraisal will throw a wrench in into the sale.

If you get word that the buyer’s appraisal came in below value, what can you do?
Don’t get discouraged; take a look at the appraisal to see if the correct comparables were used to justify the price. If that is the case then you may need to renegotiate your selling price.

You are not alone as declining values and extremely cautious appraisers are causing this issue to come up more frequently. Appraisers are not the bad guys, they are just under a lot of pressure these days as the inflated appraisals and poor lending decisions from the past are to blame for the record number of foreclosures and short sales on the market today. Nowadays, appraiser’s licenses and livelihoods are on the line when they say what a home is worth. This makes them much more critical of every property than ever before.

If you are concerned about how this will impact your deal then be clear about your numbers. Know what your bottom line is and what purchase price will and won’t work for you. Let that be your guide when you renegotiate with the buyer. If the lower value is justified by the comparables then it’s not likely to change with another buyer or another appraiser. It’s your decision to choose whether to take a price reduction and close the sale or forget about selling and stay in your home. This is a very common event that is happening in the market place at this time.

For example a low appraisal affected one of my sales last month. The seller and buyer renegotiated the price because the appraisal came in lower than the original purchase price. Happily the buyer & seller were able to resolve this quickly which resulted in a closing.

Let’s see what is happening in the market place at this time. The data was pulled from the Consolidated Multiple Listing system.

As of July 1st 2010 Norwalk is showing an increase in inventory and sales compared to last quarter. Currently there are 499 single family homes on the market and 313 condominiums for sale. In 2009 sales from the first quarter were 67 single family and 42 condos. The second quarter 2009 reports 100 single family and 53 condo sales. In the first quarter of 2010 there were 426 single family and 306 condos for sale. The first quarter in 2010 recorded sales of 96 Single family homes and 52 condos. The second quarter from April to June 30th recorded sales of 144 single family home & 62 condos.

Westport is currently showing an inventory of 392 single family homes and 32 condos on the market.
In the first quarter of 2009, 28 single family homes and 2 condos sold. In the first quarter of 2010 there was an increase in sales of single family homes to 51. Condo sales remained flat with only 2 sold in the same time period. Second quarter 2010 sales report 89 single family homes and 12 condos sold.

Wilton is currently showing an inventory of 181 single family homes and 27 condos for sale.
In the first quarter 2009, 14 single family homes and 1 condo sold. In the first quarter 2010, 22 single family homes sold and condo sales were up a bit to a total of 3.
Second quarter 2010 sales report 63 homes & 11condos sold.

April started off pretty slow but at the last minute, tax credit intoxicated buyers flooded the market scrambling to cash in before the deadline. I am happy to report that the tax credit, created momentum within the market place. There has been a pent up demand and the buyers are out right now looking for their new digs. Hopefully this momentum will continue into the rest of the year as mortgage rates and home prices are the lowest they have been in years. If you are in the position to buy a home, now is a great time to take advantage of this marketplace.

 

Betty Bondi
Owner/ Broker
www.BondiRealtyGroup.com
203-899-9990

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