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

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

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

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 sales activity in Newtown, CT.

The number of possible short sales in Newtown has increased 200% from our last short sale post.   This is the largest increase we've seen since we first started posting about this subject.  As of today, there are 15 (fifteen) 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 $729,900.

Please note that of the actively listed short sales:

• 14 are NEW to this list
• 2 REMAIN from our last post
• 8 have been REDUCED

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 as of February 2009
• 1 was canceled in April 2009
• 1 sold in May 2009
• 1 was canceled in May 2009

In our last short sale post, there were just 5 homes that were identified as being a possible short sale on the multiple listing service.  One home still remains from our original September 2008 post and it is still pending sale after all these months.

Interested in seeing a list of the actively listed short sales?  Email us! 

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

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 from time to time about the number of short sales actively listed for sale in Newtown, CT.

There is a special code on our multiple listing service (MLS) that indicates a possible short sale.  We did a search using this code and came up with five (5) houses that are identified as a possible short sale.  They range in price from $355,000 to $1,355,000.  One of these homes were on our original short sale list back in September.  Please note that of the actively listed short sales:

• 1 has been reduced
• 4 are new to the list

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
• 2 are pending sale as of March 2009

If you would like us to send you a list of possible short sale properties, please Email us!

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

Back in September, 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 from time to time about the number of short sales actively listed for sale in Newtown, CT.

There is a special code on our multiple listing service (MLS) that indicates a possible short sale.  We did a search using this code and came up with five (5) houses that are identified as a possible short sale.  They range in price from $315,000 to $1,355,000.  Three of these homes were on our original short sale list back in September.  Please note that of these actively listed short sales:

• 1 is under deposit
• 1 is new to the list

Of the homes that are no longer on the list:

• 1 sold in December 2008
• 1 expired in December 2008
• 1 is pending sale as of January 2009

If you would like a list of possible short sale properties, please Email us!

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

Back in September, I blogged about "Short Sale - What is It?".  I think this is useful information as I frequently explain what a short sale is to both buyers and sellers.  My intention at the time (although I did not mention it) was to update you from time to time about the number of short sales actively listed for sale in Newtown, CT.

There is a special code on our multiple listing service (MLS) that indicates a possible short sale.  I did a search using this code and came up with the same seven houses that were listed for sale back in September.  Price range is exactly the same - $299,000 to $1,355,000; however, many of the homes in the range have taken price reductions.

If you have any questions or if you'd like a list of possible short sale properties, Email us!

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

Short Sale is a term that we hear quite often these days. What does it mean? It's quite simple. A short sale is when there is not enough money in the transaction to satisfy all the obligations of the seller. These obligations can include the payoff of any and all mortgages, any loans collateralized by the property, transfer taxes, legal fees, real estate commissions and any outstanding property taxes or liens against the property. A short sale is often a better alternative for the bank and the seller to avoid the foreclosure process.

Should you purchase a short sale?  Yes!  A home that is a short sale is just as good a home to purchase as one that is not a short sale.  After negotiating with the seller, the transaction will require the bank's approval.  The time it takes for the bank to give their approval varies from bank to bank.  It can take just a few weeks or it can take a few months.

As of 9/21/08, the are seven homes listed on the GFC MLS that are identified as 'Possible Short Sale" in Newtown, CT.  The list price of these homes ranges from $299,000 to $1,355,000.

If you have any questions or if you'd like a list of possible short sale properties, Email us!

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