westport ct — Bondi Realty Group

Local Summer Market update- Norwalk, Westport, Wilton, CT – 2016 – Second quarter sales are in!!

Happy Summer everyone! The temperatures are finally warming up and the sunshine is abundant as we approach the 4^th of July to celebrate the birth of our country. The weather is perfect for the upcoming weekend and the beach is ready for picnics and fireworks.

There has been steady activity since the early spring and the buyers are shopping and looking for their homes. The first time homebuyers are very selective and do a lot of research before making their decision. Most of them do their shopping on major real estate websites such as Zillow and Realtor.com. Mortgage rates are great and are coming in around 3.5 to 3.75%. These super low rates are keeping our housing market strong.

Here are the latest statistics from Consolidated Multiple Listing system.

As we enter the summer marketplace, Norwalk’s housing market is holding steady in activity. The inventory of active and pending listings is up compared to last quarter. We currently have 517 single family homes and 196 condos for sale at this time. Even though inventory is up, there are many overpriced homes in poor condition for sale, resulting in stagnant listings. Buyers are being very picky. They prefer a home that is in move in condition and will pay a higher price for it.

Norwalk home sales have increased significantly from last quarter. Sales from April 1 to June 30th are showing 205 single family and 89 condos sold.

Westport’s active housing inventory is also on the increase. Currently, active & pending listings show 469 single family and 13 Condos for sale. Sales numbers are up from April 1^st to June 30th. Westport’s second quarter numbers are good, showing 127 single family and 7 condos sold.

Wilton’s current active inventory is up from last quarter too. The numbers are showing 295 single family and 17 condos for sale. Last quarter’s sales numbers are up significantly with 79 Single family homes and 13 condos sold.

We are finding there are an abundance of first time homebuyers ready to purchase their new homes. As a result we are seeing prices starting to increase very slowly in the lower price points. This is causing buyers to get caught up in multiple offer bids. If your one of those buyers, my advice is don’t hesitate. Get out there; you may miss out on that one home that’s right for you.

The importance of working with a seasoned experience Realtor comes into play for both buyers and sellers. Our job as professionals is to guide you through the transaction and hold the deal together. Bondi Realty is a local real estate company. We understand our hometown marketplace. Keep us in mind when you are ready to make the right move!

Betty Bondi
Bondi Realty Group LLC
203-899-9990

Norwalk Westport Wilton Real Estate forecast for 2016

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Local Real Estate News forecast for 2016

Happy New Year! 2015 was a very good year for our local real estate market.

We are looking at another good year ahead as our economy stays on track! I expect more first time home buyers will be searching for their new home. They are always looking for properties on line, watching home shows on television and calling our office for more information. We love their enthusiasm and excitement, especially when they find that perfect home to raise their family. Many homeowners who are thinking about selling and waiting for values to increase may be ready to put their house on the market very soon. This will create a nice balance which will translate into a good market for all.

Low mortgage rates are still currently in effect for the start of 2016, with many small banks offering fantastic loan programs. Smart buyers should take advantage of these rates to purchase their new homes.

Here are the latest statistics from Consolidated Multiple Listing system.

As we enter 2016, Norwalk’s housing market activity is holding steady. The inventory is similar compared to last year at this time. We currently have 237 single family homes and 123 condos active on the market. As always, the well maintained and recently remodeled homes listings that are priced correctly sell quickly and for the highest price. There are currently 86 homes under contract. Last quarter numbers (October to December) show 155 single family and 68 condos sold.

Westport’s active housing inventory is also holding steady. Currently, active listings are 240 single family and 4 Condos for sale. There are 37 homes under contract. Westport’s last quarter numbers are showing 93 single family and 6 condos sold.

Wilton single family and condo sales are similar numbers last year at this time. The current active inventory is up with 131 single family and 11 condos. There are 14 homes under contract. Last quarter numbers are showing 41 Single family homes and 2 condos sold.

This is great news for home sellers & buyers. Sales are moving in the right direction and prices are holding steady with no huge increases on the horizon. We think the winter market will be strong this year if the weather cooperates. So if your home is currently listed, try to keep it on the market through the winter months. If you’re thinking of selling, consider listing before the spring hits as inventory is down and buyers are actively house hunting.

Betty Bondi
Bondi Realty Group LLC
203-899-9990

2015 Fall Real Estate Market Third Quarter News

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2015 Fall Real Estate Market Quarterly News

The lovely fall weather and low interest rates are keeping buyers motivated at this time of the year! Inventory is down again, which is limiting choices and helping to get rid of some of the older inventory. Sales numbers are up and pending sales are looking good. Our summer market was very active this year, and the buyers and sellers are ready to make a deal before the winter season hits.

Here are the latest statistics from Consolidated Multiple Listing system for the third quarter.

Inventory in Norwalk is down a bit compared to last quarter with 462 single family and 181 condos on the market right now. Great news! Home sales have increased significantly from last quarter. Third quarter sales are showing 219 single family homes and 98 condos sold compared to second quarter numbers of 171 single family and 87 condos.

Westport inventory is down from last quarter showing 431 single family homes and 16 condos for sale right now. Single family sales have increased from the second quarter. The third quarter numbers show a total of 148 single family and 5 condos sold, compared to the second quarter sales with 96 single family and 7 condos sold.

Wilton single family inventory is also up from the second quarter showing 237 single family homes for sale as of October 1^st. Condo inventory is up too, showing 12 units for sale. Wilton sales are holding steady from the second quarter. The numbers show a total of 70 single family and 10 condo sales in the third quarter, compared to 72 homes and 10 condos sold within the second quarter.

Our local real estate market is still active, but prices are coming down a bit from their spring high. Experience shows, homes in great condition with current updates are more desirable to buyers and receive the highest prices. It is very important to listen to your experienced real estate agent when they present the Market Analysis report on your property. Careful research using recently sold properties are the best way to find the right price for your home. We are entering the last quarter of the year and the buyer momentum is there. Many of the families we are working with want to be in their new home for the Holidays. Let the sales continue!!!

Betty Bondi
Bondi Realty Group LLC

203-899-9990

Local Real Estate News sales report for 2015

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Local Real Estate News forecast for 2015

Happy New Year! 2014 was a very good year for our local real estate market.

We are looking at another good year ahead if our economy stays on track! I expect more first time home buyers will be searching for their new home. Many sellers who have been waiting for values to increase may be ready to put their house on the market very soon. This will create a nice balance which will translate into a good market for all.

Low mortgage rates are currently in effect for 2015, with many small banks offering fantastic loan programs. Smart buyers should take advantage of this to purchase their new homes.

Here are the latest statistics from Consolidated Multiple Listing system.

As we enter 2015, Norwalk’s housing market activity is holding steady. The inventory is similar compared to last year at this time. We currently have 248 single family homes and 118 condos active in the market. As always, the nicest listings that are priced correctly sell the fastest and for the highest price.

Last quarter numbers (October to December) show 149 single family and 84 condos sold. This is wonderful news and hopefully it will continue.

Westport’s active housing inventory is also holding steady. Currently, active listings are 232 single family and 5 Condos for sale. Westport’s last quarter numbers are showing 97 single family and 8 condos sold.

Wilton single family and condo sales are similar numbers last year at this time. The current active inventory is holding tight at 99 single family and 9 condos. Last quarter numbers are showing 49 Single family homes and 3 condos sold.

This is great news for home sellers & buyers. Sales are moving in the right direction and the spring market should be very strong this year. Prices are holding steady with no huge increases on the horizon. We think the winter market will be strong this year if the weather cooperates as there are still a few deals to be had. Contact us today for all of your real estate needs! We are Norwalk’s number 1 real estate company!!

Betty Bondi
Bondi Realty Group LLC
203-899-9990

Five reasons your home isn’t selling

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Five reasons your home isn’t selling – Fairfield County CT

#1Price

There is a perfect price for every home. Sometimes it takes adjustments to come up with the right one. The formula is not magic. The best way to price a home is to use sold comparable in your neighborhood. It doesn’t matter that your neighbor’s home is on the market and they are asking more than it is worth. No one will come to see it and it becomes a dead listing. If your home or property is exceptional, then we recommend hiring a professional appraiser to determine its value.

#2 Your Real Estate agent

Hire a professional agent with experience in all types of economic markets. There are always difficulties with transactions in every market place. When times are good it seems like homes are easy to sell. This is not always the case. Housing is selling quite well right now, but that doesn’t mean it is easy. There is very little good inventory. Buyers are willing to pay a premium for a home that is pristine and totally remodeled. They are also buying homes that are well kept and in the best neighborhood and school districts. The homes that are in need of severe remodeling and are run down or have strange floor plans are more difficult to sell. That’s where an experienced agent comes into play. They have the knowledge and expertise to get the highest realistic price for your home. If your property is unusual find an agent who specializes or has experience in selling this type of home. Make sure your agent comes with experience. When hiring an agent, ask to see if they are familiar with your area or if they have personal references from happy clients. If not, interview another agent. This could make all the difference in whether your transaction goes smooth or not.

#3 Condition

Prepare your home to make it saleable and look the best it can. Clean, clean and clean again. Make sure it sparkles and smells fresh. De clutter is your new favorite word. Get rid of or store anything and everything that you don’t need. Less is more when it comes to making your home look spacious and roomy. Paint – This is the easiest, least expensive way to make a big impact. Fresh paint goes a long way and don’t just paint the walls white. Buyers love subtle color in warm shades of beige, gray and yellow. I call it Pottery Barn chic. If you have carpeting that is dated, get rid of it. Today’s buyers want hardwood floors and will pay the price to have them. How old is your boiler? Is your oil tank in good condition? What kind of condition is your roof? Is the electric up to code? Buyer’s don’t want or have the means to replace the big ticket items when purchasing a home. What is the condition of your kitchen and baths? If they are less than perfect, then make sure they are clean and painted.

#4 Landscaping

Curb appeal is super important. What does your property look like? Do you have a manicured lawn and planting beds? If your grounds are unkempt, then buyers figure the rest of your home is too. Get rid of those tired old over grown plantings that cover the foundation and windows of your home. Buy some fresh plants to present a better picture. Clean up any debris around the house. No one likes to see a messy yard, including your neighbors.

#5 Exterior

Do you have peeling paint or is mold on your home exterior? Wash the windows, power wash the house, fix any rotted wood, paint or touch up where needed. When the outside looks good, buyers know the inside will match.

It’s a proven fact that all this advice goes a long way. Following these rules will make the difference of whether your house sells for the highest and best price or not. We have the experience and track record of selling homes priced at market value which are in good condition and they sell in one day!

Betty Bondi
Bondi Realty Group LLC
203-899-9990