Life in Newtown, CT

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Recap of Short Sales in Newtown, CT for 2011

Recap of Short Sales in Newtown, CT for 2011  Over the course of 2011, we posted several blog entries about the status of short sales in Newtown, CT.  With the advent of the New Year, we thought a recap of this segment of this local real estate market would be in order.

In the table below, we have provided both 2011 and 2010 short sale information for a comparison.

  2010 2011
Sold Throughout the Year 25 14
Pending Sale At Year End  4 5
Actively Listed at Year End  17

25

It's interesting to see that the number of sold short sales decreased in 2011 and the number of actively listed short sales increased.  The numbers pretty much flip flopped.  We attribute this change to buyers being less willing to wait an indefinate period of time for banks to approve the short sale.  Depending on the lender, the approval process can take a few months or a year - you never know.

Check out last year's recap of short sales in Newtown, CT.

We hope that you found our Recap of Short Sales in Newtown, CT for 2011 to be informative.

If you would like a list of the short sales in Newtown, CT, just email us and we'll forward you our Excel report. 

Need to seel your house and think it might be a short sale, please contact us.  WE CAN HELP YOU.  We are experienced with short sales and we are also SFR Certified.  Anything you tell us will be held in the strictest confidence and will not be shared with anyone else. 

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

1 comment • Bob and Richelle Ward, Realtors, ABR • January 17 2012 05:03PM

Comparison of the Newtown, CT Real Estate Market: 2000 to 2011

Comparison of the Newtown, CT Real Estate Market:  2000 to 2011  People ask us all the time, "How is the market doing".  Many people still believe that the real estate market in our town is in a free fall and some believe that their home has not lost any value at all.

We decided to do a comparison of the average sale price, days on market and number of single family homes sold for each year from 2000 to 2011.  All information was pulled from the Greater Fairfield County Multiple Listing Service (GFC MLS).  Here is what we found:

Year Average Sale Price Days on Market # of Homes Sold
2000  $            362,616.00 108 481
2001  $            371,666.00 89 448
2002  $            437,898.00 91 517
2003  $            468,523.00 93 505
2004  $            528,425.00 89 503
2005  $            556,075.00 91 461
2006  $            591,672.00 102 347
2007  $            554,860.00 112 342
2008  $            505,341.00 112 228
2009  $            457,417.00 134 212
2010  $            457,134.00 126 243
2011  $            422,551.00 118 250

The greatest number of sales in Newtown, CT happened in 2002 and the fewest number of sales ocurred in 2009.  Starting in 2006, the days on market increased with 2009 having the most number of days on the market.  What surprised us the most?  The number of sales in Newtown has increased two years in a row.

So, where are we with prices?  The average sale price decreased once again in 2011 by 7.6%.  This change puts the average sale price back in the range of 2002!  Overall from the high point in 2006, real estate market values have declined almost 30%.

What does this mean to you?  If you purchased a home in Newtown, CT after 2002 or have refinanced your home since 2002, there is a good possibility that you could be under water.  Under water means that there is more owed on your home than what its current market value is.

Like in life, change is constant and it applies to real estate, as well.  The comparison of the Newtown, CT real estate market:  2000 to 2011 clearly shows the ever changing real estate market.

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

1 comment • Bob and Richelle Ward, Realtors, ABR • January 05 2012 09:19AM

Real Estate Sales October 2011 - Newtown, CT

Real Estate Sales October 2011 - Newtown, CT  October 2011 was a busy month for real estate sales in Newtown, CT - 16 homes sold!  In the table below, we've given you some basic information on each sale.

Street # Street Name Street Type Bedrooms Full Baths Half Baths # of Rooms List Price Sale Price Market Time
3 GOODYEAR RD 2 2 0 7 $205,000 $194,000 78
11 SOUTH MAIN ST 2 1 1 6 $224,000 $190,000 87
4 PARTRIDGE LN 3 1 1 7 $229,000 $209,400 47
8 ROOSEVELT DR 3 2 1 6 $234,900 $231,000 46
104 WATERVIEW DR 4 3 0 10 $259,900 $225,000 78
9 FIELDSTONE DR 3 1 0 5 $269,000 $255,000 109
15 WILLS RD 4 1 1 8 $319,900 $307,000 205
26 BENTAGRASS LN 4 2 1 8 $419,900 $395,000 131
3 LOVELLS LN 4 2 0 7 $423,900 $417,000 124
7 SUSAN LN 4 2 1 10 $479,900 $450,000 155
1 CHARLIES CIR 4 3 1 9 $599,000 $570,000 21
32 WHITEWOOD RD 4 2 1 9 $600,000 $570,000 107
35 HOSEYE COACH RD 4 3 1 9 $625,000 $619,000 145
10 WHITEWOOD RD 4 3 1 10 $669,900 $633,500 101
11 WHITEWOOD RD 5 3 1 12 $699,000 $600,000 353
30 RUSSETT RD 4 3 1 10 $739,000 $730,000 388

As the National Association of Realtors (NAR) commercial states:  Real estate is local.  The above table shows that homes are selling in Newtown and they are selling in all price ranges.  Take note that the sale price to list price ratio is 94% - which is 1% lower than in September 2011.

We hope that you'll check back for future posts on real estate  sales in Newtown, CT.

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

0 comments • Bob and Richelle Ward, Realtors, ABR • November 02 2011 07:57AM

Real Estate Sales September 2011 - Newtown, CT

Real Estate Sales September 2011 - Newtown, CT  September 2011 was a busy month for real estate sales in Newtown, CT - 25 homes sold!  In the table below, we've given you some basic information on each sale.

Street # Street Name Street Type Bedrooms Full Baths Half Baths # of Rooms List Price Sale Price Market Time
93 CURRITUCK RD 3 1 1 8 $249,900 $220,000 49
14 NUTMEG LN 3 2 1 7 $299,000 $285,000 182
36 CHESTNUT HILL RD 3 2 0 8 $324,900 $300,000 168
18 JEREMIAH RD 3 1 1 6 $329,000 $325,000 76
9 BAYBERRY DR 4 2 1 10 $344,900 $330,000 118
72 TOTEM TRL 4 2 1 9 $349,900 $342,000 134
57 HEAD OF MEADOW RD 4 2 1 9 $359,000 $343,500 157
12 BOULEVARD   3 2 1 9 $379,900 $366,000 98
7 CURRY DR 3 3 1 6 $399,000 $375,000 149
24 JO MAR DR 4 2 1 9 $399,900 $360,000 159
35 BOGGS HILL RD 5 2 1 9 $489,000 $420,000 63
10 LAFAYETTE TRL 4 2 1 10 $489,000 $480,000 49
140 HATTERTOWN RD 4 2 1 9 $499,000 $490,000 105
50 PINE TREE HILL RD 4 2 1 9 $499,000 $476,000 51
9 IRONWOOD RD 4 2 1 8 $519,900 $500,000 85
6 MORRIS RD 3 2 1 9 $529,900 $525,000 43
30 COBBLERS MILL RD 4 2 1 9 $539,900 $518,500 88
10 SOUTH MILE HILL RD 5 4 0 10 $544,900 $501,000 63
70 SOUTH MILE HILL RD 4 4 0 10 $574,900 $560,000 48
42 HIGH ROCK RD 4 2 1 9 $587,857 $560,000 48
2 GOLDEN POND RD 4 2 1 11 $589,000 $572,000 44
1 PINNACLE DR 4 2 1 9 $599,000 $565,000 6
29 MOUNTAIN MANOR RD 4 3 1 10 $599,900 $540,000 76
15 STONEWALL RDG 4 3 1 11 $849,000 $830,000 174
17 MAIN ST 7 6 0 17 $999,000 $918,000 135

As the National Association of Realtors (NAR) commercial states:  Real estate is local.  The above table shows that homes are selling in Newtown and they are selling in all price ranges.  Take note that the sale price to list price ratio is 95% - which is a great improvement over a year ago.

We hope that you'll check back for future posts on real estate sales in Newtown, CT.

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

4 comments • Bob and Richelle Ward, Realtors, ABR • October 01 2011 11:05AM

Short Sales in Newtown, CT - as of 5/23/2011

Short Sales in Newtown, CT - as of 5/23/11.  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.Short Sales in Newton, CT

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

  • 25 are Actively listed for sale
  • 16 have taken price reductions
  • 2 are under deposit
  • 4 are pending sale
  • 3 have closed in 2011
  • 3 have been withdrawn or canceled
  • 0 were re-listed for sale
  • 1 have expired

The price range of the actively listed short sales in Newtown range from $99,900 to $779,000.  As you can see, short sales in Newtown, CT have been selling, despite being difficult transactions.  25 is the most that we've seen listed for sale at one time.

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

If you would like to sell your home and feel it might be a short sale, please contact us.  WE CAN HELP YOU.  We are experienced with short sales and we are also SFR Certified.  Anything you tell us will be held in the strictest confidence and will not be shared with anyone else. 

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

3 comments • Bob and Richelle Ward, Realtors, ABR • June 02 2011 07:11AM

2011 Spring Real Estate Market in Newtown, CT

2011 Spring Real Estate Market in Newtown, CT  As you can see in the number of blog posts (check Blog Archives on the right toward the bottom), we were absent from LifinNewtown.com for the months of February and April this year.  It's not because we were slacking off or on some great extended vacation in an exotic location.  We were gearing up for the 2011 Spring Real Estate Market in Newtown, CT.

When we looked over our calendar for the months of February and April, we realized that we had a good number of appointments to list homes for sale in February and that those homes came on the market toward the end of March and into April.  It takes us a lot of work to prepare for a comparative market analysis (CMA) and then there's a lot of work to do when a house goes on the market.  We're not complaining, but all this "other work" took away from our blogging time.

 

18 Georges Hill Road, Newtown, CT 72 Totem Trail, Newtown, CT 18 Ridge Road, Newtown, CT

Back in February 2011, there were 180 single family homes available for sale in Newtown, CT.  We've observed the inventory of homes in Newtown increase to 196 as today - 5/4/2011.  This has been a slow increase of the inventory and the overall number is quite low as compared to past years.

So, what are the advantages/disadvantages to real estate market with low inventory?  For buyers, this means that there are fewer homes to choose from and it might take a buyer longer to find the ideal home.  For sellers, you have less competition and if your house is priced correctly, it wiill sell relatively quickly.

18 Scudder Road, Newtown, CT 36 Marlin Road, Newtown, CT 2 Melody Lane, Newtown, CT

The 2011 Spring real estate market in Newtown, CT continues to evolve.  It will be interesting to see where it goes.

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

2 comments • Bob and Richelle Ward, Realtors, ABR • May 04 2011 07:49AM

Newtown, CT Real Estate Market Statistics Comparison 2009 vs 2010

Newtown, CT Real Estate Market Statistics Comparison 2009 vs 2010  Here is a comparison of the closed sales in Newtown, CT for both the year of 2009 and the year of 2010:

Closed Sales 2009

  • Units Sold - 212
  • Average Days on Market - 134
  • Average List Price - $487,117
  • Average Sale Price - $457,417
  • Sale Price to List Price Ratio - 93.90%

Closed Sales 2010

  • Units Sold - 243
  • Average Days on Market - 126
  • Average List Price - $481,993
  • Average Sale Price - $457,134
  • Sale Price to List Price Ratio - 94.84%

Overall, the real estate market in Newtown performed better in 2010 than it did in 2009.  31 more homes were sold in 2010 than in 2009.  The average list price and sale price were both down a little; however, the sale price to list price ratio was up almost 1% in 2010.  The sale average price for both 2009 and 2010 remained fairly consistent which indicates little growth or further decline in the market - the market has stablized.  Given the huge declines in the past several years, this gives support to the recently report released by the National Association of Realtors (NAR).  This report stated that the national real estate market hit "bottom" back in July 2010.

Newtown, CT Real Estate Market Statistics Comparison 2009 vs 2010

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

0 comments • Bob and Richelle Ward, Realtors, ABR • January 17 2011 06:50AM

Short Sales in Newtown, CT - as of 1/08/2011

Short Sales in Newtown, CT - as of 1/08/11.  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.Short Sales in Newton, CT

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

  • 18 are Actively listed for sale
  • 8 have taken price reductions
  • 0 are under deposit
  • 4 are pending sale
  • 0 have closed in 2011
  • 13 have been withdrawn or canceled
  • 8 were re-listed for sale
  • 15 have expired

The price range of the actively listed short sales in Newtown range from $99,900 to $729,000.  As you can see, short sales in Newtown, CT have been selling, despite being difficult transactions. 

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 YOU.  We are experienced with short sales and we are also SFR Certified.  Anything you tell us will be held in the strictest confidence and will not be shared with anyone else. 

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

1 comment • Bob and Richelle Ward, Realtors, ABR • January 08 2011 03:54PM

Recap of Short Sales in Newtown, CT for 2010

Recap of Short Sales in Newtown, CT for 2010  Over the course of 2010, we posted several blog entries about the status of short sales in Newtown, CT (see below for links).  With the advent of the New Year, we thought a recap of this segment of this local real estate market would be in order.

In the table below, we have provided both 2010 and 2009 short sale information for a comparison.

  2009 2010
Sold Throughout the Year 10 25
Pending Sale At Year End  5 4
Actively Listed at Year End  18 17
Cancelled During the Year  * 10 
Expired Throughout the Year  * 15
Withdrawn from the Market  * 3
 * = Data Not Compiled

In comparing the 2 years of short sale data in the table, it is clearly evident that there were many more short sale transactions in Newtown, CT in 2010 than were in 2009.  In looking at just the number of sold transactions, there was a 150% increase in 2010 as compared to 2009.

All information in the table was compiled from the multiple listing service (MLS).  Recap of Short Sales in Newtown, CT for 2010

Here are links to all of our 2010 Newtown Short Sale Blog Posts:

February 8, 2010 Newtown, CT Short Sale Blog Post

April 9, 2010 Newtown, CT Short Sale Blog Post

June 29, 2010 Newtown, CT Short Sale Blog Post

August 21, 2010 Newtown, CT Short Sale Blog Post

October 22, 2010 Newtown, CT Short Sale Blog Post

 

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 YOU.  We are experienced with short sales and we are also SFR Certified.  Anything you tell us will be held in the strictest confidence and will not be shared with anyone else. 

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

5 comments • Bob and Richelle Ward, Realtors, ABR • January 07 2011 05:13PM

Newtown, CT Real Estate Statistics - as of 10/31/2010

Newtown, CT Real Estate Statistics - as of 10/31/2010  Prudential Connecticut Realty's 3rd Quarter 2010 Market Report is out and it is informative as always.  It is broken out into two sections: Single Family Homes and Condominiums.  Under each section is every town along with a year over year comparison of the Days on Market, Median Sales Price, # of homes sold and the percentage change for each. 

In the 3rd Quarter 2010 Market Report, you'll see that the Darien market has seen its median sale price increase by 16.7% while Newtown's median sale price has descreased by 9.7%.  You'll also noice the good news - that the number of sales are up dramatically all throughout Fairfield County!

We thought it would be fun to look at the Greater Fairfield County Multiple Listing Service (MLS) for the town of Newtown as of today.  The MLS changes contunually so this is just a snapshot is time.  Here goes:

As of this moment, there are 243 actively listed homes for sale in Newtown whose prices range from $35,000 for a mobile home to $5,495,000 for a 3 bedroom, 3 bathroom Ranch on 33.11 acres.  Houses that are not mobile homes start at $79,900.  There are fourteen homes that are marked as being under deposit.  Twenty-two homes are marked as pending sale - which means a contract of sale has been signed.  Two Hundred and twelve homes have been sold in Newtown since January 1, 2010.

The homes that have sold so far this month are:

 

Property Address List Price Sale Price SP/LP Ratio Sold Date
147 Toddy Hill Rd $279,500 $275,000 98.39% 10/28/2010
16 Paugussett Rd $279,500 $275,000 98.39% 10/26/2010
28 Greenbriar Ln $309,000 $309,000 100.00% 10/4/2010
75A Great Ring Ext Rd $349,900 $350,000 100.03% 10/21/2010
31 Parmalee Hill Rd $419,000 $415,000 99.05% 10/29/2010
15 Webster Pl $419,900 $412,000 98.12% 10/18/2010
3 Topside Ln $435,000 $412,000 94.71% 10/6/2010
25 Farm Field Ridge Rd $474,500 $450,000 94.84% 10/28/2010
142 Boggs Hill Rd $489,500 $450,000 91.93% 10/26/2010
4 Harvest Common Rd $509,900 $495,000 97.08% 10/14/2010
2 Quarry Ridge Rd $529,900 $520,000 98.13% 10/8/2010
13 Arlyn Ridge Rd $649,900 $627,500 96.55% 10/8/2010
20 Brandywine Ln  $825,000 $785,000 95.15% 10/22/2010
11 Willow Brook Ln $849,000 $775,000 91.28% 10/28/2010
99 Poverty Hollow Rd $889,000 $887,500 99.83% 10/20/2010
5 Arthurs Ct $919,900 $867,500 94.30% 10/15/2010

We hope that you have found Newtown, CT Real Estate Statistics - as of 10/31/2010 to be informative and helpful in describing the current real estate market conditions in Newtown, CT.

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

1 comment • Bob and Richelle Ward, Realtors, ABR • October 31 2010 09:04AM