Annual Trend Report

New On Our Website – Real-Time Real Estate Market Reports

Being informed about the real estate market in your chosen town is crucial when determining pricing, or reviewing purchasing options. I believe that constantly examining and interpreting what’s going on in home sales allows me to gain much needed insight into how real estate is trending, so I’m very excited to announce the availability of a new tool for your complimentary use – “Know My Market“.

This great resource allows you to search towns or zip codes in Fairfield County, and provides you with a comprehensive snapshot of what the local real estate market is doing. Using charts and graphs, it allows you to gain insight into:
1. Median sold price
2. Average days on market
3. Properties that opened escrow
4. New properties for sale
5. Months of supply of inventory
6. Closed sales

To use Know My Market, simply start typing in the town or zip code you want to research, click on the drop down menu when you see it listed, and choose what type of home you’d like to see reports for. Then scroll through the graphs to gain a clearer picture of what’s going on in that local market. You can even save the report and print it out.

Whether you’re a first-time home buyer, seller, investor, or in the market for a luxury home, starting here will help you gain valuable information. To learn more about my interpretation of the Ridgefield and area real estate market, view my comprehensive Mid-Year or Year In Review Market Reports.

To get a copy of the 2013 Year In Review Real Estate Market Report delivered directly to your inbox, sign up below or contact me directly.

6 Handy Tips For Getting Your Home Ready To Sell

When you sell your home, you are not merely selling a building on anonymous acreage. Home buyers are looking for more than statistics and size. When people buy homes, they are heavily influenced by emotion; by what they see both outside and inside the home. Before you show your home, be sure to take a few extra steps to ensure that you’ve maximized your value.

1. Curb appeal is the first thing any prospective buyer will notice. From the lawn to the walkways to the home itself, you need to make a good impression from the road. Make sure your lawn in in good condition, the grass remains mowed, and all vegetation is in presentable condition. Remove dead shrubs and trees. Merely keeping the edges around your walks, driveways, and terraces neat and tidy can have a powerful aesthetic effect. Fixing and improving anything immediately in a buyer’s path is sure to earn a great return.

2. Patios and other outdoor features can get overgrown quickly. Weed and manicure any outdoor area, especially those directly around the patio.

3. Minor details in the exterior of your home can be important. Keep trims in order, make sure the house has been painted recently, and keep all exterior elements well maintained. The condition of your gutters, exterior lights, and even the doorbell can subtly change a buyer’s opinion.

4. Inside, minor details become important. In every room, keep the following ideas in mind. Any cracks in ceilings, walls, or windows should be fixed before showing the home. All wallpaper, woodwork, and paint should be in great condition. Floors should be clean or recently refinished. Carpets should be secured to the ground. To accentuate your home’s best features, arrange furniture in ways that show off the shape and size of the room to add to a buyer’s impression of the house. You may even want to considering staging to help with this. Very large pieces that can be visually disruptive should be stored elsewhere. Your home should invite potential buyers to imagine how they might change the home, while still showcasing it as it is.

5. Clutter or uncleanliness in any form can also dissuade potential buyers. Even the insides of cabinets should be neatly arranged. For cabinets, also replaced old or outdated hardware, remove grease stains, and be sure that everything is aligned neatly. Beds should be made, couch pillows arranged, and counter-top appliances should be neat. Consider buying storage baskets for office paper supplies, bathroom commodities and closet storage.

6. It’s also important to be aware of problems that may come up during the closing. If you have an unused buried oil tank, your buyer is likely to request that you remove the tank before the sale goes through. Similarly, anticipate issues that may come up during the final home inspection. Asbestos, lead, mold, roof issues, and other health or structural problems are best resolved at the earliest possible time.

There are a number of homes in Ridgefield and the neighboring towns of Redding, Wilton, Westport and Weston, that I’ve helped prep for the market. If you want more advice about what you should do to get your Fairfield County home ready for sale, contact me directly. I would be happy to take a tour of your home, provide you with a complimentary market analysis for your home, and help you determine what measures you can take to maximize your home’s value.

Why It’s A Good Time To Buy A Home In Ridgefield

After a stronger 2013, the Fed’s bond buying, which has pushed down interest rates, may begin to slow. Consumer confidence and home prices are both up over last year, which indicates that the economy has and may continue to strengthen. As the Fed sees less need for monetary stimulus and reduces the number of bonds it purchases, mortgage rates will increase. The Fed has already reduced the volume of bonds it is buying each month. Last month, the number was reduced from $85 to $75 billion and Federal Reserve President Charles Plosser suggested that the amount may be further reduced to only $25 billion in the coming months.

Plosser is bullish about the economy. According to his statement in Reuters : “if the economy continues to grow and strengthen I think that there’s no reason why we shouldn’t want to consider speeding the process up [of reducing bond-buying numbers] if we can”. He has plenty of reasons to think so – housing prices and consumer confidence have both increased year-over-year. Consumer confidence rose sharply from 72.0 in November to 78.1 in December. According to the National Association of Realtors, existing single family home sales in the Northeast outpaced national numbers, increasing by 6% year-over-year. Housing prices followed suit, rising 9.4% on average since December 2012. All indicators showed that the market was stronger in 2013 and that trend looks to continue. Within Ridgefield, 2013 was a great year for buyers and sellers alike as sales volume and median sale price increased.

The implication of these changes is that now may be the best time to purchase a house for the foreseeable future. However, even if mortgage rates rise, they are already at historically low levels, meaning that it is and will continue to be a great time to buy. For more information about how the real estate market in Ridgefield affects you, sign up below to receive our 2013 Year End Market Report. The market is recovering well, and we have the expertise and network to help any client succeed.

Ridgefield’s Holiday Stroll Is Here!

Join us at Neumann Real Estate for the Annual Holiday Stroll on Friday, December 6 from 6-10pm. Stop by, say hi and enjoy some hospitality celebrating you, our wonderful real estate friends and clients!

holiday stroll invite

Happy Thanksgiving from the Ridgefield Turkey Trot!

Thanksgiving is always a great way to kick off the Holidays. I am thankful this year for all the wonderful individuals I have met and continue to serve in the great community of Ridgefield and surrounding Fairfield County. I couldn’t do what I do without you, and I am truly grateful.

I was pleased to once again sponsor this year’s Turkey Trot 5K in support of the wonderful Ridgefield Boys and Girls Club. The event was well attended, raising money for the Club and bringing the Ridgefield community together. The kids race was especially wonderful to witness – so many budding young athletes! And congratulations to the Karla Murtaugh team’s own Jana Williams, our intrepid runner, who braved the 28 degree temperatures and shaved 7 minutes off her previous best time!

Wishing everyone all the best for a healthy and propserous 2014.

Now Open – Ridgefield’s 16th Biennial Festival of Trees

Don’t miss out! The Ridgefield Recreations Center’s Lounsbury House is opening its doors and becoming a veritable Winter Wonderland during the 16th Biennial Festival of Trees held Thursday November 21st though Sunday, November 24th.

The house will feature decorations and a forest of beautiful, creatively decorated Christmas trees, among other holiday surprises. Almost all of the decorations will be available for purchase and a Christmas boutique will feature an array of unique gifts for the holiday season.

Special events during the weekend include a Festival Preview Party on Thursday, Nov. 21, and a Teddy Bear Tea with Mrs. Claus. The preview party will feature refreshments and hors d’ouevres. The Teddy Bear Tea will be at 11 a.m., 1 p.m. and 3 p.m. on Saturday, Nov. 23, and 11 a.m. and 2 p.m. on Sunday, Nov. 24.

The Lounsbury House at the Ridgefield Community Center, 316 Main St., Ridgefield. Thursday, Nov. 21, 7-10 p.m.; Friday, Nov. 22, 10 a.m.-8 p.m.; Saturday, Nov. 23, 10 a.m.-5 p.m.; and Sunday, Nov. 23, 11 a.m.-4 p.m. $10, seniors $5, ages 6-12 $3. Teddy Bear Tea $15, Preview Party $50. 203-438-6962

Information courtesy of ctpost.com

Ridgefield Ranked #1 Town in Connecticut

According to Connecticut Magazine, Ridgefield was again ranked number one for towns with a median home value of over $300,000, edging out Darien, New Canaan, Wilton and even Greenwich to claim the top spot. Minuscule crime rates, world-class public schools and a thriving local economy all contributed to the high ranking.

With a median 2013 sale price of $605,000, and a 2012 high school graduation rate of 98.2%, Ridgefield is a great family town!

For more information, see the full article here.

School Report

Award Winning Schools Year After Year

Fairfield County is known for its wonderful schools. No matter what town you decide to reside in, or whether you choose public, private or religious instruction for your children, you can rest assured that they will receive a top-notch, competitive, and rigorous education program. Community involvement, academic excellence, philanthropy, and a commitment to the arts are all hallmarks of a well-rounded curriculum. Most graduates from Ridgefield, Redding, Weston, Westport, and Wilton matriculate to four year colleges. For more information about school rankings and course information, use the tool below.