|
Article Excerpt
Here's what some Realtors have to say about the luxury home market in Fairfield County
CENTURY 21 ACCESS AMERICA INC.
27 Strawberry Hill Ave., Stamford, CT 06902
(203) 326-3399
Fourteen offices in Connecticut
"We are going to have an increase in the number of million-dollar homes up for sale this year," Anne Farris, relocation director, predicted. Referring to different price ranges for houses, Farris said, "We don't see any slowdown in any price range right now."
Farris said the inventory from November to the end of 2004 was typically low. For 2004, at least 10 percent of the company's business came from the sale of luxury homes. "Many buyers are looking for houses that have amenities, curb appeal and are in neighborhoods where their house will not be the highest-priced one."
She said there are many million-dollar renovated homes popping up in various neighborhoods and that builders are starting to renovate homes 40 to 50 years old. In general, she says the market is definitely a seller's market because "inventory. is low and has been for a long time."
Anne Farris,
relocation director
COLDWELL BANKER RESIDENTIAL BROKERAGE
32 Field Point Road, Greenwich, CT 06830
(203) 622-1100
Fifteen offices in Fairfield County
"Last year was a banner year for real estate in Greenwich with high-end sales breaking records. All indications are that 2005 is also going to prove to be a dynamic market," said sales manager Nancy McDonald. Prices seem to be flattening, but the percentage increase over the past few years have been dramatic, she said. People are looking for houses that are in close proximity to town centers because they want the convenience of city lifestyle.
Even though buyers are coming into the market more educated than in the past, "They still need us to analyze the marketplace to know why one property may go for more than another. We also have the ability to negotiate for the client with more details than they would otherwise have." The company's biggest sale last year was a 1904...
|
|
More articles from Westchester County Business Journal
A Gala evening.(Westchester Arts Council's "Swing with the Arts" Gala ..., January 31, 2005
Go red and dress down.(Brief Article), January 31, 2005
What is go red for women?(Brief Article), January 31, 2005
What makes and other women at risk?(Brief Article), January 31, 2005
Red alert!(Brief Article), January 31, 2005
Looking for additional articles?
Search our database of over 3 million articles.
Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication
name or publication date.
About Goliath
Whether you're looking for sales prospects, competitive information, company
analysis or best practices in managing your organization,
Goliath can help you meet your business needs.
Our extensive business information databases empower business
professionals with both the breadth and depth of credible,
authoritative information they need to support their business
goals. Whether it be strategic planning, sales prospecting,
company research or defining management best practices -
Goliath is your leading source for accurate information.
|
|
