Category Archives: Real Estate

Fairfield County Home Sales – December 2017

25 Lower Cross Road, Greenwich, listed by David Ogilvy & Associates and William Raveis. Sold by David Ogilvy & Associates for $21,000,000

The highest single family sale for the month of November in Southern Fairfield County was 25 Lower Cross Road in Greenwich, selling for $21,000,000.    This home features over 8000 square feet of living space, 20 rooms, 7 bedrooms, 7 full baths, 3 half baths, 8 fireplaces, 4 additional cottages, a 22 stall horse stable and exquisite views and gardens.    The home was on the market for a total of 276 days.

25 Lower Cross Road, Greenwich

Market time varies considerably depending on location and price.  In the city of Norwalk where the median selling price for November was $423,000, the average market time was 70 days.  Stamford and Fairfield followed this month with market times of less than 100 days.  By contrast, in the town of Wilton, which has a median selling price of $650,000, the average time to sell a home was 255 days for the month of November.   New Canaan follows with the second longest market time of 210 days where the median selling price is $1,727,000.

Home sales in the over $2,000,000 price range were 35 for the month representing about 13% of the total sale activity.

Below are the November market statistics as reported by the SmartMLS for the area.   Home values remain highest in the towns of Greenwich, Darien and New Canaan respectively.    Stamford, Fairfield and Norwalk continue to lead in the number of sales where the markets are more diverse.

 

    Town November Sales  Median Sale Price         Selling Price per Square Foot Average Days on  Market
Darien      19 1,670,000        436.00     161
Fairfield      54    612,500        242.00       99
Greenwich      22 1,422,485       473.00     141
New Canaan     14 1,727,000       370.00     210
Norwalk     42    423,000       227.00       70
Stamford     57    505,000       209.00      76
Weston    11    535,000       170.00    154
Westport    37    972,500       314.00    107
Wilton    19    650,000       224.00    255

For additional Lower Fairfield County real estate information including searching for properties, calculating a mortgage, and researching community information, please visit:

LizTardifRealEstate.com

 

Fairfield County Real Estate – November 2017

116 Oneida Drive, Greenwich Listed by David Ogilvy & Associates, Sold by Houlihan Lawrence

October single family home sales for lower Fairfield County:
Leading the pack for sales in the month of October is the City of Norwalk  with 60 sales and a median selling price of $   483,000
Stamford            51                                                                                    537,500
Fairfield              50                                                                                    549,000
Westport           21                                                                                 1,375,000
New Canaan    20                                                                                 1,293,000
Greenwich        19                                                                                 1,570,000
Darien                 15                                                                                 1,045,000
Weston              12                                                                                      721,000
Wilton                12                                                                                      805,000

Topping the list for the highest median sale price is the town of Greenwich, which also had the highest sale of the month.  116 Oneida Drive sold for $20,377,000 featuring 21 rooms, 9 bedrooms, 8 full baths, 3 half baths and sitting on almost 4 waterfront acres.

The market continues to be most active in the under $1,000,000 price point.  For the month of October there were a total of 21 sales over $2,000,000, representing approximately 8% of the market activity.

For more information on Fairfield County real estate, when to sell, how to buy and what you need to know about the local communities, visit LizTardifRealEstate.com 

Can you tell what makes this room different from anyone else’s?  It’s the art of course.  If you want to create an interior look that is unique to you, add original art.   CherryStreetArt.com  

Fairfield County Real Estate – September 2017

74 Upper Cross Road Greenwich Listed by Douglas Elliman, Sold by Sotheby’s International

Home sales in September for lower Fairfield County remain stable for the last quarter of 2017.   Reported single family home sales for the month of September according to the Connecticut MLS were as follows:

Fairfield             72 sales with an average selling price of $ 688,917
Stamford           62                                                                                   $ 537,875
Norwalk             49                                                                                   $ 620,400
Westport           31                                                                                   $1, 581,984
New Canaan    28                                                                                   $1,822,545
Darien                  22                                                                                  $1,615,864
Greenwich        20                                                                                   $2,696,144
Wilton                 18                                                                                   $ 821,417
Weston                 8                                                                                    $ 799,375

There were a total of 29 sales over $2,000,000.  The highest sale was in Greenwich for $7,500,000 – 74 Upper Cross Road, built in 1995 on over 16 acres featuring 20 Rooms, 7 Bedrooms, 7 full baths, 3 half baths, 5 car garage.

The real estate market for each town varies significantly based on population, property values and demographics.   Most of the  activity continues to fall into the under $800,000 price point as it has been for most of the year.

As always, the most important factors when selling a home are price, presentation and promotion.  All must be optimal to sell fast and for the highest price.   When you are looking to buy a property, knowledge of the area, schools, amenities, and values are all important to make a good investment and lifestyle decision.

For more detailed information on this report or additional market information visit LizTardifRealEstate.com  or call 203-246-9065.

 

The Art of Living – Location, Space, Environment

Where is the best place to live?  Among the top choices in the country, Fairfield County Connecticut is one of the favorites, and there are many good reasons for choosing this area.   Convenient commuting to New York City with express trains running approximately 1 hour into Grand Central terminal, a quick ride to snowy mountains to the north and exquisite beaches to the south and east.  There is no shortage of lifestyle opportunities and amenities in this area.

Beyond proximity to all that New York City has to offer, there are many other  lifestyle perks that make this area one of the most desirable in the country.   Award winning schools and education options, exquisite golf courses, a variety of boating and waterfront activities, private beaches and a generous supply of 5 star restaurants that could keep you dining out regularly for years,  just to name a few.

Every city and town has a unique character and personality that is distinct.  Bustling downtown areas, charming residential neighborhoods, community organizations, parks, beaches and more. If you are a shopper,  Fairfield County has a lot to offer with many top brand name stores as well as specialized boutiques populating the area.  The entertainment options are abundant including multiple movie theaters,  live shows and community activities that keep the calendar of events in every town full and varied throughout the year no matter what season.   Whether you are looking for a welcoming and engaging family community, or an active and diverse singles community, it’s all here.

Our neighborhoods encompass an entire range of living preferences from large land parcels with rolling hills and secluded streets to high rise downtown apartments.  Our real estate market is active with opportunities ranging anywhere from $50,000 apartments and condominiums to $30,000,000 private islands.  There is truly something for everyone no matter what budget requirements or personal preferences you have.

High rise apartments in Stamford.
The Southport area of Fairfield

But one of the most appealing features of this area is the vibrant and active dedication to the arts.   Support for the visual, musical, literary and performing arts is part of the Fairfield County Culture and one of the many reasons why people choose to live in this area.   Every town has at least one art and cultural organization which keeps the social and artistic atmosphere thriving and energized.

The Levitt Pavilion in Westport hosts many free concerts throughout the summer months.
The Lockwood Mathews Mansion in Norwalk, a registered historic landmark built as a residence in1864-1968 is now a museum serving as a venue for many art related events and programs.

 

Creating a truly rewarding living experience begins with the location you choose, to the property you select and  then finally how you transform that property to a living environment that is uniquely yours.    The home environment is the one place where you can leave the outside world behind and create your own world.  And the best way to do it is by adding original art to your space.    Furniture, colors, fabrics and window treatments can all be seen in homes, magazines and stores, and they all have a short life given the continually changing home decorating industry.   What is “in” today, will most certainly be “out” tomorrow.

Not so with art.  Original art endures.  When you collect or buy original art, you choose to make your living space something unlike any other.  Why stop at picking the perfect location and property and not finish the process by creating the perfect interior to match your style and personality.

  

When it comes to choosing art for your home, think with your heart and feel your own style and emotion.  Let you home reflect and express your individuality and distinct personality.  There is no right or wrong choice when choosing art for your space.   Be yourself and buy original.  The art you choose is the art that is right for you.   Your interior space is a place to express who you are and a place to be who you want to be.  Live it , love it and do it your way.

With so many forms of art and different art mediums the possibilities are infinite for creating a one-of-a-kind look.  Just imagine this delightful butler sculpture in a foyer, dining room, living room or any other space.   What do you think it would say about the owner?    Many possibilities, and all delightful.    Not only a joy for the owner but an unforgettable treat for every guest and visitor as well.

Sculpture Realism, by Howland Blackiston

 

Inspire your world.

Include original art in all your interior spaces.

 

Realistic Sculpture by
Howland Blackiston
Westport Art Center Exhibit
September 6, 2017

 

Home Sale Statistics for August

The current home sale statistics for August in the towns of Fairfield, Norwalk, Weston and Westport show a typical decline in all towns except for Westport.   This is not necessarily a trend as last month all other towns were up while Westport was down .  Overall the statistics for the past few months have shown an increase in activity in all towns from 2016, which is good news.   See the full report….

The months of July and August are historically slower than most other months along with November and December.  Once school is back in session, there is often an increase in home buying during September and August, which means closing numbers should increase for  November and December.

Inventory levels remain on the level to the low side.  Fairfield currently has 569 homes for sale and 12% of them have accepted offers.  Norwalk has 486 homes for sale and about 19% of them have accepted offers.  In Westport, there are 407 homes for sale and only 7% have offers.  This difference is due primarily to the price level in all towns.  Norwalk and Fairfield have a much more diversified market while Westport inventory is primarily in the high end.   Westport has 11 properties over $1,000,000 with accepted offers, where Norwalk has only 4 and Fairfield with 7.

 

Start With the Art

     

       

New homeowner?  Congratulations!  Now that the search process and closing are finally over, it is time to have some real fun – transforming your new space into an exciting living environment.

Every new space has a fresh energy and inspires new creativity. Depending on whether you are down-sizing or up-sizing, you will likely want to curate or add to your existing inventory to fit the new space.    If you already have an art collection, wonderful!  You can use it as the starting point and inspiration for all other design elements.  If not, it is time to start one!

Before you indulge in expensive wall, window, floor treatments and furnishings (none of which have lasting value)  consider investing in art.    Two to three pieces is all you need.  A personal art collection defines your style and sets your home apart from all the others.   Furniture, accessories, fabrics and window treatments can be seen anywhere.  An art collection is unique to you.  And even better, it never goes out of style.  Well selected art endures for generations and may even appreciate in value.

As an art and real estate professional and former interior designer, I have seen the transformation of homes from all perspectives.    The home staging business has exploded in recent years.  Why?  Because homes are far more appealing to buyers when they look fresh and current.  A home that looks “dated” (the dreaded “D” word in real estate) will linger on the market and often sell at a price that reflects the lack of appeal.    Staging a home requires changing, adding and removing furniture, window treatments, etc. , but never art.

Avoid the pitfalls of the constantly changing home fashion industry. Start with art.  Your personal art collection will always be the highlight that makes all your interior spaces personal and original. And isn’t that the point.

For more on buying Art:  CherryStreetArt.com

For more on Real Estate:  LizTardifRealEstate.com