Check out all of the open houses at this link:
Check out all of the open houses at this link:
Single-family home sales in Connecticut rose 14 percent to 1,519 in January, posting the highest volume for the month since 2008, according to The Warren Group.
Sales of single-family homes in Connecticut increased for the 13th consecutive month in January. This marks the highest monthly sales volume for the month since January 2008, when there were 1,653 sales.
“We ended 2012 on a pretty positive note, and this is carrying into 2013,” says Timothy M. Warren Jr., CEO of The Warren Group. “Recent pending sales data are a hopeful sign for a strong spring market. And given low mortgage rates and steady prices, there are positive signs that 2013 will be a second year of recovery.”
The median price for Connecticut single-family homes sold in January was $215,000, a 2.4 percent increase from $210,000 in January 2012. This is the fourth consecutive month that prices rose in the Nutmeg State.
“Low inventory is slowly driving up prices. This should in turn give sellers more confidence to put their homes on the market,” Warren says.
A total of 442 Connecticut condominiums were sold in January, a near 22 percent increase from January 2012 when 363 sales were recorded.
Condo median prices also increased slightly in January. The median price rose more than 3 percent to $160,000, up from $155,000 in January 2012. The median price of a Connecticut condo has increased in six out of the last seven months.
These changes reflect the Calcagni “Monthly Market Meter” survey that agents fill out each month with their opinion about the market. The market is changing; the time for listings is coming.
We’re very excited to finally announce the launch of our newly rebranded website! We’re very proud of it, and hope you like it too. Check out our official press release, below:
FOR IMMEDIATE RELEASE
Local independent real estate brokerage announces the launch of their rebranded website
CHESHIRE, CT – March 20, 2013 - After months of research, planning, photo shoots, programming and testing, Calcagni Real Estate, Central Connecticut’s leading independent real estate brokerage, has finally unveiled their new website—www.calcagni.com. The newly redesigned site includes a fresh new look featuring local, unique photography of hidden treasures of our community, improved property search functionality with a Google Maps interface, new agent profile pages, and much more.
The new Calcagni.com was unveiled on Wednesday, March 20, at a company-wide meeting held at their Cheshire office. The site was created over the past several months as a joint collaboration between Calcagni’s marketing department and ‘Think Creative Group’, a local, woman-owned branding and marketing firm.
The timing for the new rebranded site couldn’t be more perfect, “Our new website and overall brand now truly reflect who we really are—the local real estate company that can serve our clients better because we’ve been rooted in the community for decades, know the market inside and out, and we care enough to invest in our local businesses—which means that the money we spend stays in the local community in which we live and work,” said Steven Calcagni, president.
Calcagni Real Estate has spent over 40 years getting to know their towns, building relationships with families and local businesses, and becoming part of the fabric of their community. The firm is continually investing in innovative online tools for their clients as well as for their agents, blending “old school” service with “new school technology.” “The improved functionality of our new website will enable our realtors to better serve their clients and will also help them to make the most of the Spring 2013 market—when I believe the real estate market will turn around,” said Calcagni.
Over the next few months, Calcagni Real Estate is excited to also roll out TV commercials, digital advertising campaigns, social media contests and more to continue to entrench their brand in the minds—and hearts—of their clients and neighbors.
About Calcagni Real Estate:
Calcagni Real Estate has offices in Cheshire, Hamden, Southington and Wallingford, and is a fully diversified real estate company offering residential properties, new construction, land consulting, and commercial properties. All Calcagni offices provide a range of real estate services including market analysis, appraisals, residential foreclosures, property management, and relocation services. Learn more at www.calcagni.com. Follow Calcagni Real Estate at www.facebook.com/calcagnirealestate
Pending home sales rose in January, and have been above year-ago levels for the past 21 months, according to the National Association of REALTORS®. There were healthy monthly gains in all regions but the West, which is constrained by limited inventory but was slightly improved.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.5 percent to 105.9 in January from a downwardly revised 101.3 in December and is 9.5 percent above January 2012 when it was 96.7. The data reflect contracts but not closings.
The January index is the highest reading since April 2010 when it hit 110.9, just before the deadline for the home buyer tax credit. Aside from spikes induced by the tax credits, the last time there was a higher reading was in February 2007 when it reached 107.9.
Lawrence Yun, NAR chief economist, said inventory is the key to this year’s housing market. "Favorable affordability conditions and job growth have unleashed a pent-up demand. Most areas are drawing down housing inventory, which has shifted the supply/demand balance to sellers in much of the country. It’s also why we’re experiencing the strongest price growth in more than seven years," he says.
"Over the near term, rising contract activity means higher home sales, but total sales for the year are expected to rise less than in 2012, while home prices are projected to rise more strongly because of inventory shortages," Yun says.
The PHSI in the Northeast rose 8.2 percent to 84.8 in January and is 10.5 percent higher than January 2012. In the Midwest the index increased 4.5 percent to 105.0 in January and is 17.7 percent above a year ago. Pending home sales in the South rose 5.9 percent to an index of 119.3 in January and are 11.3 percent higher January 2012. In the West the index edged up 0.1 percent in January to 102.1 but is 1.5 percent below a year ago.
Yun expects approximately 5.0 million existing-home sales this year. However, price growth could exceed a 7 percent gain projected for 2013 if inventory supplies remain low. Previously, NAR had expected 5.1 million existing-home sales in 2013, while prices were forecast to rise 5.5 to 6.0 percent.
Now that the new year has arrived, sellers are back in full force, pulling out all the stops in order to get their home sold. Whether you’re listing your home for the first time or finally ready to get that “For Sale” sign out of your front yard, add the following New Year’s resolutions to your list.
1. Set Reasonable Expectations: Although the housing market is showing signs of being better in 2013, we’re still nowhere near the levels of the last housing boom. Therefore, you need to be practical when setting a price and listening to offers. Too many sellers still expect to put their house on the market and have people fight over it within weeks, when the reality is bidding wars just aren’t that commonplace these days.
2. Don’t be Discouraged – React: If your house has been sitting on the market for a long period of time, or no one is coming to see it, don’t give up. Be proactive. Do something to change up the listing—add some new photos, incorporate video, or hire a professional writer to add panache to the descriptions that are being used to market your home. In addition, talk with your agent about why he or she thinks your home isn’t selling and fix anything that’s reasonable.
3. Communicate with Your Agent: There’s a reason you hired an agent to sell your home, so be sure to take full advantage of their expertise. Ask them for their advice as well as tips regarding the best way to sell your home. If there’s a problem with any part of the process, don’t just bite your tongue; talk to your agent and iron out any issues.
4. Don’t be Stubborn: Oftentimes, sellers will set a price that they expect to get for their home and absolutely refuse to budge, no matter what. While you have every right to set the price you want, if you list a $400,000 home and someone comes in with an offer of $370,000, don’t just write them off. Take some time to research whether their offer is more in line with what houses are selling for and listen to their reasons (if the agent provided them) for the lower price. When it comes down to price, there’s nothing wrong with negotiating a figure that will work for both parties.
5. Leave the House: When sellers have their house on the market for a long period of time, eventually they may give up on the notion that they have to leave the house during a showing. However, it’s important to get out of the house no matter how long it’s been on the market. Being present for a showing not only makes it harder for the real estate agent to do his/her job, it can also lead to an uncomfortable situation for those viewing the home.
For more information about selling your home in the new year, contact us at www.calcagni.com
If your home will be for sale this winter, it is important to master certain seasonal issues that are less significant or even non-existent at other times of the year. Here are a few tips to aid in the successful sale of your home:
• Brighten it up: Counter the cloudy days of winter by making your home stand out. Keep the lights on in the front of the house even if no showings are scheduled. You never know who will be driving by to take a peek.
• Don’t overlook a place for shoes: Prospective buyers and guests will likely be schlepping through your home with muddy shoes and boots. Make sure you have a designated spot for wet footwear, like a festive rug or area in the breezeway. You want to ensure that your home stays just as clean for whoever will be touring the home next.
• Keep it fresh: Homes, especially ones not currently being lived in, have a tendency to get stuffy in the winter time. Air out the home on warmer days or have a nice room fragrance available, like a candle or spray. As always, keep pets hidden or away from the main quarters to make sure no additional smells enter the home.
• Keep a steady temperature: Don’t cook your prospective buyers. Keep the home at a steady 65 degrees during showings. Those touring will likely not be taking off their jackets, so there’s no reason to make them sweat.
• Don’t ignore the exterior: Just because it’s winter doesn’t mean you should neglect the yard. Be sure to keep walkways clear of ice and debris to ensure everyone’s safety. Always shovel the driveway and walks promptly after a snowfall or ice storm.
With these tips and a little bit of thought, adjusting your selling methods to suit the season can only help in the long run.
For more information about selling your home in the new year, contact us at www.calcagni.com
“… For the past 12 years I‘ve worked in Calcagni Associates Real Estate’s Wallingford office supporting our …agents and clients. Now as a licensed REALTOR®, I am fully prepared to work hard for my own clients and use my intimate knowledge of Calcagni’s exclusive marketing tools to my clients’ advantage.” ~Lori
You may contact Lori by visiting her webpage: www.calcagni.com/lorismith
According to the closely watched S&P/Case-Shiller national home price index, which covers more than 80% of the housing market in the United States, home prices through July posted their largest year-to-date rise since 2005…
(Read on at the link below…)
For more information on the real estate market in your town, contact one of our realtors at www.calcagni.com
The following Calcagni Associates realtors recently received the Quarterly Achievement Award by the Greater New Haven Association of Realtors (GNHAR) for the 2nd Sales Quarter of 2012. The award is given to Realtors who secure a minimum of nine completed sales within a quarter of each year.
Congrats to Stacey on earning this award 18 times during her succesful career!
A full-time sales associate with more than 10 years of real estate excellence with Calcagni Associates, Stacey is a consistently top producing agent who specializes in Seller and Buyer representation, new construction and assisting first-time homebuyers. She has closed over 400 transactions, with over $108 million total sales volume. A Cheshire resident and graduate of Cheshire High School, Stacey earned a B.A. in communications from UCONN, and later earned her teaching credentials at National University in Irvine, CA. When she is not assisting her clients, she enjoys spending time with her family and friends, horseback riding, skiing and volunteering for the American Cancer Society’s “Road to Recovery” program.
“We’re very proud to have Stacey on our team,” said Steve Calcagni, President. “These awards are a true reflection of her professionalism and commitment to customer service.”
A full-time sales associate with 10 years of real estate excellence with Calcagni Associates, Lorrie is a consistently top producing agent who specializes in Seller and Buyer representation, new construction and assisting first-time homebuyers. She holds the following Realtor designations: Certified Residential Specialist® (CRS), which less than 4% of all realtors hold, the Accredited Buyer’s Representative® (ABR) designation, as well as the Seniors Real Estate Specialists®( SRES) designation, which is given to those realtors who are qualified to address the needs of home buyers and sellers age 50+. Each designation requires hours of continuing education every year.
“We’re very proud of Lorrie’s achievements,” said Steve Calcagni, President. “This award is a direct reflection of her knowledge, professionalism and work ethic.”
Lorrie is a life-long Connecticut resident and currently resides in East Haven with her husband and two kids. When she is not assisting her clients, she is an active member of the East Haven Chamber of Commerce and enjoys spending time with her family and friends, as well as being active outdoors by camping and hiking.
Larry has been a Realtor with Calcagni Associates since 1992 and is the Director
of Calcagni’s REO Division and manages all aspects of listing and sales of bank-owned properties and foreclosures. He has built a fantastic team of real estate professionals specializing in servicing the REO community.“Larry’s extensive background in REO transactions and his knowledge in this aspect of the business is a huge asset to the company” said Steven Calcagni, President.
Larry holds the Graduate Realtor Institute (GRI) designation and is a member of the Greater New Haven Association of REALTORS, Connecticut Association of REALTORS, and the National Association of REALTORS. Larry is also a member of REOMAC since 1996, and is platinum certified in the Equator and RESNET AMP platforms and holds memberships in Reobroker.com, and Reonetwork.com.
Calcagni Associates Real Estate is a fully diversified real estate agency offering residential properties, new construction, land consulting and commercial properties. Calcagni has four offices—Cheshire, Hamden, Wallingford and Southington. All offices provide a range of real estate services including market analysis, appraisals, residential foreclosures and relocation services. Learn more at Calcagni.com and Facebook.com/CalcagniAssociates