This is a guest post from Michael Traum of MikesCorner. Michael is a Real Estate Professional with Re/Max Heritage and has more than a decade of experience in the Fairfield real estate market. You can also follow Michael on Twitter He is happy to see the warmer weather so he can spend more time on his motorcycles.
A stock broker friend of mine once told me that he didn’t think he got invited to parties because all people thought he did was to try and drum up business. Then I reminded him of what I did. “You’re a Realtor!?. You must NEVER get invited to parties”. Yikes. I’ll admit that it gave me a complex for a little while to the point where I looked over my shoulder in a “Are you sure you’re inviting me?” kind of shrug.
That was a long time ago when business was booming. Today it’s all about “How’s the market?. When is it going to get better? Hey Mike, what should I do”. More and more I tell them that Fairfield is in better shape than many of the surrounding towns and by all means, don’t listen to the national news about real estate. This is a local business with local characteristics and nuances. This blog will focus, therefore, on Fairfield. Not Westport, or Easton, or Bridgeport or Trumbull. Each week Hey Fairfield’s Real Estate Blog will and should focus on interesting stories about the real estate market where we work and play and if appropriate, I will aggregate data from time to time to tie things together.
So….How’s the market? Here’s a snapshot to help you draw some conclusions.
This list is compiled from the MLS which is one of the better (and easier) sources to secure housing information. The data used is for sold single family homes and does not take into consideration any home over $2.5M. This is intended to keep the date from being slanted too much by the 5%-7% of sales of the rich and maybe famous). Next week, condos….after that, rentals….after that…we’ll see.
Personally, I love data. I love to crunch the numbers to figure out this and that and to discover how things are trending. You’ll see that things are kind of all over the place during the past few years. What seems to be clear is that by April, it’s too early to tell how the market will behave for the rest of the year. Let’s keep an eye on 2011 and see how it turns out.
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