Life in Newtown, CT

Short Sales in Newtown, CT - as of 2/8/10.  Back in September 2008, we posted a blog titled "Short Sale - What is It?".  We think this is useful information as we frequently explain what a short sale is to both buyers and sellers.  Our intention is to update you every 2 months about the short sale activity in Newtown, CT.

As of today, the short sale market in Newtown looks like this:

• 16 are Actively listed for sale
• 2 are under deposit
• 8 are pending sale
• 1 closed in January
• 1 closed in February

The price range of the actively listed short sales in Newtown range from $129,900 to $579,900. 

If you would like a list of the short sales in Newtown, CT, just email us and we'll forward it to you ASAP. 

If you would like to sell your home and feel it might be a short sale, please contact us - we can help.  Anything you tell us will be held in confidence and will not be shared with anyone else.

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

Recap of Short Sales in Newtown, CT 2009  So several times during 2009, we posted blog entries about the status of short sales in Newtown, CT.  With the advent of the New Year, we thought a short recap would be in order.

So here's how short sales in Newtown shook out for the year:

# of short sales sold in 2009:  10
# of short sales that were pending sale at year end:  5
# of short sales still actively listed at year end:  18

Below are links to our 2009 short sale posts:

# of Short Sales - January 2009
# of Short Sales - March 2009
# of Short Sales - May 2009
# of Short Sales - July 2009
# of Short Sales - September 2009

All information is direct from the multiple listing service (MLS).  Recap of Short Sales in Newtown, CT 2009

To get a list of the short sales in Newtown, CT, just send us an email and we'll forward it to you ASAP. 

If you need to sell your house and feel it might be a short sale, please contact us - we can help.  Anything you tell us will be held in confidence and will not be shared with anyone else.

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

Newtown, CT Real Estate Market Statistics - January 2010  Back on January 17, 2010, we reported some basic real estate market statistics for Newtown, CT. Marilyn Katz of Prudential Connecticut's Realty's Westport office asked "How do your numbers compare with the first half of the year?"  Well, that got us to thinking ...

We just did a comparison of the closed sales in Newtown, CT for both January 2009 and January 2010 - this is what we found:

Closed Sales January 2009

Closed Sales January 201

What do all these numbers mean?  Closed sales more than doubled in 2010.  Homes are selling quicker at a higher average price.  The sale price to list price ratio was surprising as the gap increased from 5% to 7%.  At the high point of the market, the sale price to list price ratio was 98%.  Bottom line: the real estate market in Newtown, CT was better in 2010 than in 2009.

We hope that this information is helpful to you.  If you have any questions about Newtown, CT Real Estate Market Statistics, please email us.

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
(203) 470-9818

Newtown, CT Real Estate Market Statistics - as of 1/17/2010  Curious about what's going on with the real estate market in Newtown, CT.  Well, here are the latest overall market statistics:

• Units Sold in Past Six Months - 99
• Average Days on Market - 128
• Average List Price - $609,377
• Average Sale Price - $449,792
• Median List Price - $452,400
• Median Sale Price - $415,000

We hope that this information is helpful to you.  If you have any questions about Newtown, CT Real Estate Market Statistics, please email us.

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
(203) 470-9818

Real Estate Statistics for Newtown, CT - as of 11/28/09.  Because the real estate market is constantly changing, this is a just a snap shot in time for real estate statistics in Newtown, CT as of 11/28/09.  All information is from the Greater Fairfield County Multiple Listing Service (MLS) for the town of Newtown as of today.  Here goes:

As of this moment, there are 251 actively listed single family homes for sale in Newtown whose prices range from $35,900 for a mobile home to $1,550,000 for deck house style home on 19 acres with a guest house and tennis court.  Houses that are not mobile homes start at $179,900.  There are thirteen (13) homes that are marked as being under deposit.  Twenty-six (26) homes are marked as pending sale - which means a contract of sale has been signed.  One Hundred and ninety-one homes have been sold in Newtown since January 1, 2009.

The homes that have SOLD so far this month are:

We hope that you have found these real estate statistics for Newtown, CT to be helpful in letting you know what is happening in our local market.  If you have any questions, please email us!

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

Real Estate Statistics for Newtown, CT - as of 9/25/09.  Because the real estate market is constantly changing, this is a just a snap shot in time for real estate statistics in Newtown, CT as of 9/25/09.  All information is from the Greater Fairfield County Multiple Listing Service (MLS) for the town of Newtown as of today.  Here goes:

As of this moment, there are 289 actively listed single family homes for sale in Newtown whose prices range from $38,900 for a mobile home to $1,599,000 for 7,200 square foot Colonial on 3.0 acres that was built in 2007.  Houses that are not mobile homes start at $169,900.  There are twenty-five (25) homes that are marked as being under deposit.  Eighteen homes are marked as pending sale - which means a contract of sale has been signed.  One Hundred and fifty homes have been sold in Newtown since January 1, 2009.

The homes that have SOLD so far this month are:

We hope that you have found these real estate statistics for Newtown, CT to be helpful in letting you know what is happening in our local market.  If you have any questions, please email us!

 www.16PoleBridge.com www.10MarlinRoad.com

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

Short Sales in Newtown, CT - as of 9/20/09.  Back in September 2008, we posted a blog titled "Short Sale - What is It?".  We think this is useful information as we frequently explain what a short sale is to both buyers and sellers.  Our intention is to update you every 2 months about the short sale activity in Newtown, CT.

There has been a lot of activity in the Newtown, CT short sale market since our last short sale post.   August and September have shown the greatest number of closed short sales since we started tracking them.  As of today, the number of short sales increased by 8.7% to 25 (twenty-five) actively listed homes that are identified as being a "possible short sale" on the multiple listing service (MLS).  They range in price from $169,900 to $1,160,000.

Please note that of the actively listed short sales:

• 8 are NEW to this list  
• 17 REMAIN from our last post
• 5 are UNDER DEPOSIT from our last post
• 5 have been REDUCED since our last post

Of the homes that are no longer on the list:

• 1 sold in December 2008
• 1 sold in February 2009
• 1 expired in December 2008
• 1 expired in February 2009
• 1 was withdrawn from the market in February 2009 
• 1 was canceled in April 2009
• 1 sold in May 2009
• 2 sold in August 2009 (1 was not on our prior lists as it was marked "short sale" when the status changed to pending)
• 1 was canceled in August 2009
• 1 was withdrawn in August 2009
• 3 sold in September 2009
• 1 was canceled in September 2009

In our last short sale post, there were 23 homes that were identified as being a possible short sale on the multiple listing service - 17 of them have carried over to this report.  The one home that has on the list from our original September 2008 post finally closed in August!

To get a list of the short sales in Newtown, CT, just send us an email and we'll forward it to you ASAP. 

If you need to sell your house and feel it might be a short sale, please contact us - we can help.  Anything you tell us will be held in confidence and will not be shared with anyone else.

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

What is foreclosure?  This question at the top of our list of frequently answered questions (FAQ)!  Many buyers and sellers have heard the term "foreclosure", but many are not really sure as what it means.  Depending on who we are talking to, the answer to this simple question can convey a vastly different meaning.

The simple answer to "what is foreclosure" is that the bank has taken ownership of a home - usually due to the mortgage not being paid for several months.  Once buyers and sellers hear this answer, other questions follow and the conversations that come out of "what is foreclosure" can lead almost anywhere.

Foreclosure is a legal matter and it requires an attorney.  It can be quite complicated and it can also be a rather lengthy process.  For a homeowner, the end result of foreclosure can result in losing ownership of their home and being evicted by a Sheriff.  Losing a home to foreclosure is a devastating and life changing event. 

While in pre-foreclosure, a homeowner can continue to live in the house.  There is usually a period of time where the homeowner can "pay up" the mortage to bring it current and take the house out of foreclosure.  Foreclosure has a lasting affect on your credit report - as long as 7 to 10 years.  Foreclosure laws vary by state and there are different types of foreclosure.  If you are served with foreclosure papers, we suggest that you contact an attorney immediately.

For a homebuyer, "what is foreclosure" can indicate a buying opportunity - a "deal".  A foreclosed property that is listed for sale is a "distressed" sale.  It is a "bank owned" or an "REO" property and generally is priced aggressively to get it sold quickly.  Expect a foreclosure property to be an eyesoar and to be in great disrepair as once the bank owns it, they will not keep up with home maintenace. 

If you have any questions about foreclosure or if you would like a list of foreclosure properties, Email us!

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

Real Estate Statistics for Newtown, CT - as of 7/23/09.  We're sorry we've fallen behind in posting about this subject.  It's been four (4) months since we last posted about this subject and our goal is post every couple of months about the real estate market in Newtown.  We'll try to stay on top of it.

Thought we'd let you know that Prudential Connecticut Realty's second quarter 2009 report is out.  This report contains an overall view of real estate for the state with statistics broken out by county, town and single family or condo.

Because the real estate market is constantly changing, this is a just a snap shot in time for real estate statistics in Newtown, CT as of 7/23/09.  All information is from the Greater Fairfield County Multiple Listing Service (MLS) for the town of Newtown as of today.  Here goes:

As of this moment, there are 309 actively listed single family homes for sale in Newtown whose prices range from $55,00 for a mobile home to $1,999,000 for 5 bedroom, 5 full bathroom & 2 half bathroom Colonial on 2.13 acres.  Houses that are not mobile homes start at $169,900.  There are twenty-three (23) homes that are marked as being under deposit.  Twenty-eight homes are marked as pending sale - which means a contract of sale has been signed.  Ninety-seven homes have been sold in Newtown since January 1, 2009.

The homes that have SOLD so far this month are:

We hope that you have found these real estate statistics for Newtown, CT to be helpful in letting you know what is happening in our local market.  If you have any questions, please email us!

 www.46pondbrook.com www.14NorthRidge.com

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

Short Sales in Newtown, CT - as of 7/22/09.  Back in September 2008, we posted a blog titled "Short Sale - What is It?".  We think this is useful information as we frequently explain what a short sale is to both buyers and sellers.  Our intention is to update you every 2 months about the short sale activity in Newtown, CT.

The number of possible short sales in Newtown,CT has increased approximately 55% from our last short sale post.   This increase continues the pattern we've seen since September 2008.  As of today, there are 23 (twenty three) actively listed homes that are identified as being a "possible short sale" on the multiple listing service (MLS).  They range in price from $169,900 to $789,900.

Please note that of the actively listed short sales:

• 8 are NEW to this list
• 1 was RELISTED (had previously been canceled)
• 14 REMAIN from our last post
• 10 have been REDUCED since our last post
• 1 was RAISED since our last post

Of the homes that are no longer on the list:

• 1 sold in December 2008
• 1 sold in February 2009
• 1 expired in December 2008
• 1 expired in February 2009
• 1 was withdrawn from the market in February 2009
• 1 is pending sale February 2009 
• 1 was canceled in April 2009
• 1 sold in May 2009
• 1 is pending sale in July 2009

In our last short sale post, there were 15 homes that were identified as being a possible short sale on the multiple listing service - 14 of them have carried over to this report.  One home still remains from our original September 2008 post and it is still pending sale after all these months.

Interested in getting list of the short sales in Newtown, CT?  Email us! 

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818