Easton CT Real Estate Market Weekly Report for January 17, 2012

EASTON CT HOMES: There are 79 homes that are actively on the market, and you should expect an increase in inventory for the weeks ahead. These homes have been available an average of 161 days and are listed at an average price of $819,231. The median price in Easton is now $629,250.  The highest available listed home price is $2,290,000 and the lowest price is $285,000

Five new listings came on the market this week, and no homes came back on the market after being under deposit. One property had a price change. Two properties have gone under the initial deposit stage, and no homes went into  pending status, (which means that the conditions have been satisfied).

TOWNWIDE PENDINGS: There are eight properties scheduled to close, and their average price is $687,856.

CLOSINGS: One property was reported as sold this past week, adn was listed at $399,900. There were eleven status changes in the last week.

EASTON CT CONDOS: There are no condominiums in Easton.

RENTALS: If you are looking for a rent in town, the median price of the nine homes available is $2,425 per month. These homes are listed at an average price of $3,283 per month, and have been on the market approximately 65 days.

Seven Year Annual Easton Real Estate Market Recap

2012 Easton Real Estate Forecast and Advice and 2011 Recap

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.

If you have a question about buying or selling Real Estate in Easton, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy

Easton CT Real Estate Market Weekly Report for January 10, 2012

EASTON CT HOMES: There are 74 homes that are actively on the market, and expect an increase in inventory for the weeks ahead. These homes have been available an average of 167 days and are listed at an average price of $822,447. The median price in Easton is now $629,250.  The highest available listed home price is $2,290,000 and the lowest price is $294,900.

Four new listings came on the market this week, and no homes came back on the market after being under deposit. No properties had a price change. No properties have gone under the initial deposit stage, and one home went into  pending status, (which means that the conditions have been satisfied). It was listed at $550,000.

TOWNWIDE PENDINGS: There are nine properties scheduled to close, and their average price is $655,681.

CLOSINGS: No properties were reported as sold this past week. There were seven status changes in the last week.

EASTON CT CONDOS: There are no condominiums in Easton.

RENTALS: If you are looking for a rent in town, the median price of the ten homes available is $2,487 per month. These homes are listed at an average price of $3,152 per month, and have been on the market approximately 69 days.

Seven Year Annual Easton Real Estate Market Recap

2012 Easton Real Estate Forecast and Advice and 2011 Recap

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.

If you have a question about buying or selling Real Estate in Easton, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy

Easton CT Real Estate Market Weekly Update January 3, 2012

EASTON CT HOMES: Inventory has continued its seasonal dip and there are just 72 homes that are actively on the market. They have been available for 170 days and are listed at an average price of $823,809. The median price in Easton is now $634,450.  The highest available listed home price is $2,290,000 and the lowest price is $294,900.

No new listings came on the market this week, and one home came back on the market after being under deposit. No properties had a price change.
Two properties have gone under the initial deposit stage, and two homes went into  pending status, (which means that the conditions have been satisfied). The average list price of these pending properties was $762,000 and they were on the market an average of 272 days

TOWNWIDE PENDINGS: There are eight properties scheduled to close, and their average price is $669,093.

CLOSINGS: Three properties were reported as sold this past week, and their average price was $692,933 There were 18 status changes in the last week.

EASTON CT CONDOS: There are no condominiums in Easton.

RENTALS: If you are looking for a rent in town, the median price of the eight homes available is $2,425 per month. These homes are listed at an average price of $3,253 per month, and have been on the market approximately 78 days.

Seven Year Annual Easton Real Estate Market Recap

2012 Easton Real Estate Forecast and Advice and 2011 Recap


SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics.

If you have a question about buying or selling Real Estate in Easton, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy

2012 Easton CT Real Estate Forecast, Advice and 2011 Recap

The year ahead has to be better than 2011, which has been one of the worst years for Easton real estate unit sales in recent past. For example, in 2005 we had nearly DOUBLE the amount of sales that we had in 2011. This past year looks like a near repeat in volume that we saw in 2009. The interesting curve ball is that prices have increased on average, although not across the board.

Historically, presidential elections have brought about increased real estate activity, and coupled with low interest rates and increasing consumer confidence, it should help this market considerably in the coming year. I cannot state with certainty  that any major price adjustments on the positive side are in the midst any time soon.

Anticipate more than a few minor "bumps" come Spring and early summer, when it is expected that we will begin to see Easton's shadow inventory coming on to the market, and competing with owners wishing to sell their homes. Close to 60 properties are on the horizon for upcoming bank owned properties that will be coming on the market in 2012 and early 2013, and that number is more homes than sold in all of 2011.

Unfortunately, the year ahead doesn't look so wonderful here as far as continued growth in property values are concerned. The shadow inventory is disconcerting along with 2010's low sales. I wish I could state it differently, and I would not like to have to say it at all. Easton's sales were down 49% from 2010. That is a BIG HIT. At the same time, average prices increased by 8.7 percent, so last year was in no way, shape, form or fashion  abysmal in pricing, and I will hold on to that thought, along with optimism for the coming year to reach over 65 sales. Will we see another increase in value like that in 2012? NO. We may very well begin 2013 back at 2010 price levels, so plan accordingly.

There are some segments of the market that fared better than others this past year, and five bedroom homes were as hot as they could get. My opinion is that the land offered In easton along with the value as compared to Westport or Weston brought those buyers here in droves. Not only were five bedroom homes the hottest selling in town, but unit sales increased over 45% for these properties from 2010, when overall unit sales went down 49 percent at the same time. Buyers opted for larger square footage homes, too. Roughly one third of all homes sold in the past year were over 4,000 square feet.

Best bets for selling for top dollar in the year ahead are four and five bedroom homes and homes between 2000-2500 square feet, as well as any home over 4000 square feet.

Best bets for buyers are where the market has suffered, and they are apt to get a better deal, and that would be primarily three bedroom homes, and especially those with any possibility of reasonably adding a fourth bedroom.

Bottom Line: Expect market time to sell your home to increase this year. Prices aren't going up, sales volume will. Pay close attention to the market.

If you have a question about buying or selling Real Estate in Easton, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy

2011 Year End Estate Easton CT Market Stats are in!

2011's final real estate sales figures are here, and we have compiled the Market History for Easton Connecticut with seven years of annual statistics dating back to 2005. Quick recap by year includes number of sales, average sales price and sales to list price ratio.

It is VERY important to note that when you look at year over year figures, amount of sales, and average sales prices, that it does not necessarily mean that prices have risen significantly in Easton. THEY HAVEN'T. For example, the average sales price in Easton in 2011 was $693,716 and the average price in 2010 was $638,014. That looks like a big increase, BUT....

Although that may look initially like prices have risen nearly eight percent, there are certain adjustments that need to be made, and pricing anomalies that have to be addressed before any percentage of gain or loss is calculated. Just as an example, if your home is between 2501-3000 square feet, it initially appears that the value has dropped about 1.5 percent since 2010. That wouldn't match an eight percent increase in value at all, and that's what the annual figures show, without delving into the necessary details. Certain sales can skew statistics out of probable proportion, and have to be looked at and analyzed quite closely before a true overview and forecast can be given.  What I am saying is don't get too excited just yet. The amount of home sales has dropped by one third.

Click to view Easton CT 7 year Real Estate  Recap and Reports

PRICE RANGE RECAP: statistics for single family homes with sales data sorted by incremental price ranges and this report includes market time, median, high and low sales prices, plus total dollar volume in sales.

BEDROOM COUNT RECAP: Sales statistics for single family homes and rentals sorted by bedroom count. This report includes number of sales, average sale prices, sale to list price ratio, and multi family home sales are included for your convenience.

Remember, these are raw statistics at this point, and need expert interpretation before you can start celebrating the market change, or remain conservative. We will be posting  our opinions on the Easton market within the next few weeks, so stay tuned.

If you have a question about buying or selling Real Estate in Easton, and are in need of representation, I invite you to contact me. I know the market like the back of my hand, know marketing inside and out, am a skilled negotiator- and I'd love to be on your side :)   - Judy