Tag: GreenTek Construction

Fairfield, CT Market Snapshot April 2017

The Fairfield real estate market closed April with 172 sales; this is down 9.5% from 2016.  Despite this result, listing inventory continued to pull back, settling in at 538 active properties, which is a 14.7% decrease from a year ago. The absorption rate dropped from 11 to 10 months, which is similar to last year’s total of 9 months. Pricing was up with the median at $615,000 (+5.6%) and the average at $769,798 (+5.2%).

The pipeline holds 188 sales, which is a 5% increase over 2016.   86 sales are CTS (binder) and 102 are pending (contract).  Of these, 31 are $1-2 million and 1 is $2-3 million and 1 is $3-4 million.

May 2016 generated 65 closings, so with a strong pending result of 102 sales, May 2017 could point the Fairfield market in a positive direction.

Number of sales:

Month

Sales, Number of 2015

Sales, Number of 2016

Sales, Number of 2017

Jan

47

35

40

Feb

25

31

33

Mar

41

54

46

Apr

61

70

53

May

89

65

Jun

101

103

Jul

95

94

Aug

79

81

Sep

70

53

Oct

60

42

Nov

56

40

Dec

63

54

 

Year:              All $           $0-1 mil       $1-2 mil        $2-3 mil        $3-4 mil         $4 million +

2016:              190              152                      31                       5                      2                           0   

2017:              172              140                      27                       3                      1                           1    

 

Number of listings:

Month

Active Listings, Number of 2015

Active Listings, Number of 2016

Active Listings, Number of 2017

Jan

416

464

383

Feb

450

514

438

Mar

508

569

507

Apr

579

631

538

May

643

627

Jun

650

615

Jul

631

557

Aug

595

515

Sep

611

536

Oct

578

516

Nov

525

442

Dec

444

383

 

Months of inventory (absorption rate):

Month

Months of Inventory 2015

Months of Inventory 2016

Months of Inventory 2017

Jan

9

13

10

Feb

18

17

13

Mar

12

11

11

Apr

9

9

10

May

7

10

Jun

6

6

Jul

7

6

Aug

8

6

Sep

9

10

Oct

10

12

Nov

9

11

Dec

7

7

Median sales price:

2016:             $582,000

2017:           $615,000 

 

Average sales price:

2016:           $731,216

2017:           $769,798 

Weston, CT Market Snapshot April 2017

The Weston market ended April with 37 YTD closings for an increase of 12.1% over 2016.  The strength was under $1 million with 27 sales, an increase of 22.7% over last year.

 Listing inventory totaled 176 active properties, that’s 10.2% below last year’s total (196).  The combination of sales and contracting inventory enabled the absorption rate to drop from 18 to 14 months (It was also 18 months in April 2016).  Pricing was down, again due to the activity in the lower end with the median at $745,000 (-3.4%) and the average at $783,768 (-8.6%).

The sales pipeline holds 49 transactions; this is an impressive 58% increase over last year’s total of 31 sales.  24 are CTS (binder) and 25 are pending (contract), with 13 from $1-2 million and 2 in excess of $2 million.

May 2016 yielded 11 sales, with a pending pipeline of 25 transactions; it appears that the Weston market will build on its YTD gains by the end of May.

 Number of sales:

 

Month

Sales, Number of 2015

Sales, Number of 2016

Sales, Number of 2017

Jan

9

3

5

Feb

4

7

10

Mar

8

12

9

Apr

12

11

13

May

20

11

Jun

19

20

Jul

22

15

Aug

14

30

Sep

16

19

Oct

7

12

Nov

11

15

Dec

14

10

 

Year:          All $             $0-1 million        $1-2 million        $2 million +

2016:               33                        22                        10                      1    

2017:               37                        27                        10                       0        

 

Number of listings:

Month

Active Listings, Number of 2015

Active Listings, Number of 2016

Active Listings, Number of 2017

Jan

114

145

117

Feb

126

167

135

Mar

136

188

162

Apr

158

196

176

May

165

202

Jun

175

195

Jul

179

194

Aug

175

175

Sep

175

172

Oct

168

149

Nov

144

134

Dec

135

120

 

Months of inventory (absorption rate):

Month

Months of Inventory 2015

Months of Inventory 2016

Months of Inventory 2017

Jan

13

48

23

Feb

32

24

14

Mar

17

16

18

Apr

13

18

14

May

8

18

Jun

9

10

Jul

8

13

Aug

13

6

Sep

11

9

Oct

24

12

Nov

13

9

Dec

10

12


Median sales price:

2016:          $745,000

2017:          $720,000

 

Average sales price:

2016:          $857,248

2017:          $783,768

2017 Q1 CT Real Estate Sales Report

Halstead just released the first quarter real estate sales report for Connecticut.

Read it HERE

Let us know how we can help you find your just right home.

Call us today!

Market Update: March 2017 Westport snapshot

Shannon McAvoy
Lic CT RE Agent
203.919.6363
smcavoy@halstead.com
www.greentekhomes.com

Westport market snapshot:  3/31/2017

 The Westport market closed the first quarter of 2017 with an 8.1% increase over 2016 via 67 transactions.  Sales in March jumped 44% over March 2016 with 26 closings versus 18 last year. Listing inventory increased to 380 active properties (1 above last year).  The absorption rate dropped to 15 months thanks to strong sales results. Pricing was mixed with the median at $1,600,000 (+15.9%) and the average at $1,590,118 (-2.9%).  The small sample of sales will cause the volatility witnessed in these results. The sales pipeline holds 97 transactions an 18.3% increase over last year (82 sales). 49 sales are CTS (accepted offer) and 48 are pending (contract) among these 37 are  $1-2 million, 17 are $2-3 million, 5 at $3-4 million and 7 are $4 million+.  April 2016 generated 35 sales, the strong pipeline results suggest that the Westport market can reap further gains this month.

 

Number of sales:

Month Sales, Number of 2015 Sales, Number of 2016 Sales, Number of 2017
Jan 18 20 24
Feb 17 24 17
Mar 26 18 26
Apr 21 35
May 33 34
Jun 44 55
Jul 61 33
Aug 40 49
Sep 36 24
Oct 37 26
Nov 22 20
Dec 28 28

  

Year:               All $          $0-1 mil        $1-2 mil        $2-3 mil        $3-4 mil          $4 mil +

2016:               62                    18                       27                  11                       5                       1        

2017:               67                    21                       30                  12                       4                       0           

 

 

Number of listings:

Month Active Listings, Number of 2015 Active Listings, Number of 2016 Active Listings, Number of 2017
Jan 266 295 295
Feb 293 328 342
Mar 330 379 380
Apr 394 427
May 431 437
Jun 421 441
Jul 410 409
Aug 381 389
Sep 399 385
Oct 375 357
Nov 338 331
Dec 280 295

 

 

Months of inventory (absorption rate):

Month Months of Inventory 2015 Months of Inventory 2016 Months of Inventory 2017
Jan 15 15 12
Feb 17 14 20
Mar 13 21 15
Apr 19 12
May 13 13
Jun 10 8
Jul 7 12
Aug 10 8
Sep 11 16
Oct 10 14
Nov 15 17
Dec 10 11

 

Median sales price:
2016: $1,380,000
2017: $1,600,000

Average sales price:
2016: $1,638,149
2017: $1,590,118

 

All information is from sources deemed reliable but is subject to errors, omission, change in price, or withdrawal without notice. No representation or guaranty is made as to accuracy of any description. All measurements and other information should be re-confirmed by customer. If your property is currently listed with a Realtor, please disregard this offer, this is not intended as a solicitation of listings of other real estate licensees.

How much does GREEN cost??

Frequently we get a questions or comments about the cost of sustainable construction. Questions center around the perception that the construction or remodeling are excessive over traditional construction. The comments are usually concerning the return on investment (ROI) of a project – meaning the money you put in needs to “pay off” within a period of time that one lives in their home.

Here’s the thing… both concepts need to be examined.

A public opinion survey found that those that answered the survey believed the average cost to build sustainability to be 17% above traditional construction. However, the same study found the “actual average marginal cost of less than 2%”.

The question of ROI is often one of the first things brought up as a factor for some people considering building or renovations. “The most efficient way to analyze the financial benefits would be to look at both the cost premium and the savings associated with that premium, for each feature of a green home”. While ROI can be measured, we encourage folks to think of their homes as a whole system.

Picture a house surrounded by a balloon. If you poke holes in the balloon you’re left with a flat balloon. Each system contributes to the efficiency of the home. By creating the balloon and a tight home envelope, the other systems within the balloon can be optimized – saving money and resources.

Talk to us about your vision and let us help design your best shade of green.


http://www.greenbuildingadvisor.com/content/do-green-houses-cost-more-build-regular-houses
http://www.usgbc.org/articles/green-building-costs-and-savings
http://buildipedia.com/at-home/design-remodeling/green-homes-vs-traditional-homes

Halstead + Yankees = Wow!

We were excited to announce our affiliation with Halstead Property – a premier Real Estate firm with international recognition. Now to add to this impressive organization, Halstead has partnered with world famous New York Yankees.  We look forward to a wonderful partnership.

Click HERE for more information on this special announcement.

With this partnership, we can find you a house that will be your home run!

 

Winter is coming

As a continued testing site, we are always looking for things to explore. A technology that has been around for years (and was seldom used properly) is programmable thermostats.

Programmable thermostats save money by saving the energy you use at home. I have always programmed my thermostats to be more cost effective when I’m away for the day or on vacation. Whether it’s to turn down the heat (to 58 during the winter) or turn up the a/c during the summer (to 85 as long as the cats are not in the house…if they are, 78 seems more reasonable).  A 7-day thermostat would allow me to program each day of the week separately. I would adjust the temperature just before I was to be awake, and again at bedtime with two more adjustments for my family’s work/school schedule and returning from same.  Some problems with all that programming is 1) it takes time, and 2) it doesn’t adjust for when someone stays home. Don’t get me wrong…it’s a big improvement over the old mercury thermostats which are neither programmable nor safe. If you still have a mercury thermostat, please consider alternatives — not only for your safety, but because bringing your technology into the 1990s could save you hundreds of Benjamins.

Welcome now to the world of smart thermostats….and the current century.

We’ve tested both the Lyric and the Nest and essentially they both work the same.  They are smart, meaning they “learn” your habits – like when you play hookie from work on Thursday nights to watch college ball – and can be controlled remotely since they are wifi based. These T-stats look great, are easy to install, and are actually easier to program than the old “programmable” thermostats. We like they look of the Lyric because it blends well with our decor, but the newer profile on the nest makes the cosmetic comparisons a wash.

Click HERE for a great CNET summary review of some fantastic options.

Winter is coming, my friend. Make your investment in a smart thermostat and you’ll be the one smarter (and richer) for it.

Dog days of summer are here…be a cool cat

A new graphic drawn by Ed Hawkins, a climate scientist at the University of Reading in the United Kingdom.

I don’t know where the expression “dog days of summer” came from, but regardless…it’s HOT!

I grew up in the desert where we had an annual timed event around the anticipated hottest day of the year: cooking an egg on the sidewalk. Yes, they did cook…and it didn’t take too long. You can Google it!

Growing up in a hot climate we learned survival skills quickly. Shade is your friend. Reflection can be your friend too – as long as you’re not in a frying pan. As climate change deniers still exist (smh), one basic scientific fact remains – reflecting solar rays = cooler buildings. Consider cool roofs.

What is a cool roof?

“A cool roof is one that has been designed to reflect more sunlight and absorb less heat than a standard roof. Cool roofs can be made of a highly reflective type of paint, a sheet covering, or highly reflective tiles or shingles.

-US Dept. of Energy

According to the US Department of Energy, the benefits of installing a cool roof will:

  • Reduce annual airconditioning energy use of a singlestory building by up to 15%
  • Cool interior spaces, making occupants more comfortable
  • Reduce carbon emissions by lowering the need for fossil-fuel generated electricity to run air conditioner

Not to mention the potential of slowing global warming – because of the reduced fossil fuel use and all that it takes to retrieve it, refine it and burn it.

You can read more about cool roofs on the DOE website at http://energy.gov/energysaver/cool-roofs. They even have a nifty calculator to see your savings in actual numbers.

If your calling to book your roofer now, there may be things you should consider first. Things like the current life of your roof,  where you live, and planning  for future solar are considerations help you evaluate your ROI. Need more help? Contact us.

 

 

New tech home lab

My house is a lab for new technology. Before I recommend something I make sure it works…and it works well. I’ve just installed smart bulbs through out the house and compared the Philips Hue and the Cree smart bulb. For the record, I am a big fan of the Cree product line and have found their customer service to be outstanding.

Initially I found the Cree bulbs difficult to connect to the Philips Hue system, but after quick conversation with customer service I discovered I was out-thinking myself. It was actually really simple.

Both lights give off really nice light and the system connects to our Amazon Dot – giving complete control via voice command. It’s especially fun to put in the color changing bulbs, play prime musi and have a dance party. The system is also connected to my smart phone giving us the ability to shut off the lights from anywhere. This is especially nice after you’ve told the kids to go to bed for the third time.

Something to note for anyone that is looking into smart bulbs…there are different ‘systems’ that may or may not work together. Look on the box to make sure that the switches, bulbs and hubs all will work together. For those of us of a certain age – think Beta and VHS. The technology war has not been settled yet so make sure that whatever you decide to invest in, they are on the same protocol. Philips and Cree are both Zigbee and they work with Leviton and Wemo switches. Just check the bottom or back of the box and match the logos…like Geranimals (another antique term).

Here is a published review of the Hue that gives a great overview.

REVIEW: Philips Hue 2.0 w/HomeKit