In an information age that floods society with excessive content, our focus tends to be diverted to less-tangible distractions, rather than the essential components of a sound game plan. As a result, our level of awareness can become clouded, compromising our ability to execute informed decisions when it comes to the purchase and sale of real estate. In an industry largely predicated upon “marketing”, we are left without concrete reasoning from which to discern the most productive path forward. Ultimately, we are left without the means to implement a calculated strategy that transcends “Sales” or being “Sold”. Add to this, a fiercely competitive playing field largely incentivized by a commission-based pay structure, it becomes easier to see how the client’s best interests are routinely overlooked. What if you were presented with precise data that would allow you to make educated decisions and grow a stronger understanding of a process tailored to your needs? 

Welcome to "The Market"

 

 

 

I’m Andrew O’Reilly from Seaport Real Estate. Today, I’m not just a real estate professional, but also a fellow homeowner sharing my personal experiences and insights into the unique challenges of Connecticut’s real estate market.

 Our Family's Dream and the Market Reality

My family, like many in Connecticut, dreams of a new home – closer to the beach, with a bigger yard, a more spacious primary bath, and a walk-in closet. However, the current market makes this dream a complex decision. Our story reflects a widespread dilemma affecting homeowners throughout the state.

Interest rates have risen sharply, making new mortgages considerably more expensive than just a few years ago. We secured a mortgage at an incredibly low rate of 2.5%…

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Coastal Town

In the span of over two decades, Connecticut's coastal towns have painted a picturesque scene of New England charm and scenic waterfronts. However, beneath the surface of these idyllic communities lies a growing concern: the rising tide of housing prices, surging far faster than their residents' incomes.

#ConnecticutCoast #HousingMarket #EconomicTrends

Over the last 23 years, data reveals a trend that could reshape the fabric of towns like Stonington, Darien, and New Haven. While median household incomes have seen modest growth, median selling prices for homes have soared, in some cases, to more than double the income growth percentage.

#AffordableHousing #IncomeGrowth #RealEstateTrends

In Stonington, for example, incomes have risen by…

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Property Insurance

The growing ferocity and frequency of extreme weather events, tied intrinsically to the rapidly changing climate, have sent shockwaves through sectors that once thrived on predictability and historical data – notably, the insurance and housing markets. Jacob Bogage’s recent Washington Post article encapsulates the urgency and gravity of the situation, focusing on how major insurers are pulling away from covering the very natural disasters that are increasing in frequency.

Insurance companies, at their core, are in the business of evaluating and pricing risk. Historically, they've spread these risks across various geographies and disaster types, ensuring that catastrophic payouts in one region are balanced by calmer conditions elsewhere. However, as…

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NL County Appreciation

Investing in real estate is a significant decision, and understanding how property values have appreciated over time is crucial for both buyers and sellers. In this blog, we delve into 24 years of data from various towns in New London County, revealing average sales, typical home sizes, sales prices, and yearly appreciation rates. Join us on this insightful journey as we explore the real estate landscape of New London County.

1. Analyzing Appreciation Rates: Appreciation rates are a key indicator of a town's growth and desirability. Let's explore some noteworthy findings.

  • Stonington: With a staggering 9.89% average yearly appreciation rate, Stonington has been a lucrative market for homeowners and investors alike. Its charm and natural beauty…

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In the first quarter of 2023, Fairfield County had 6 of the top 10 residential real estate sales in the state, totaling $29,315,000 out of the $69,597,777 sold. Litchfield County featured 2 of the top ten sales with a total of $4,600,000, while New London County had 1 sale in the top ten, amounting to $3,750,000.

Top 10 Luxury Homes: Connecticut's Prestigious Properties of Q1 2023
360 Laurel Hill Rd

1. 360-364 Laurel Rd, New Canaan - $5,995,000 A luxurious generational family compound with a sports complex, less than an hour from NYC.

 

2. 15 Parsonage Rd, Greenwich, CT - $5,995,000. A stately six-bedroom Georgian Colonial with an attached three-car garage and possible pool site. 


 
  3. 15 Blue Water Hill,…

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Noank Village

Congratulations, Noank! As if we needed more proof that this coastal village is nothing short of spectacular, it has now been ranked the #5 best place to live in Connecticut by Niche.com. As a haven for work, play, and relaxation, Noank truly has it all. In this blog, we'll delve into the irresistible charm of Noank and discover why it's the perfect place to create a life you'll love. #NoankCT #BestPlaceToLive


A Work-Life Balance Like No Other

In today's fast-paced world, finding the ideal work-life balance can seem like a Herculean task. But in Noank, it's not only achievable – it's practically a way of life. With its quaint village charm and easy access to larger cities like New London and Groton, Noank offers the best of both worlds. The…

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Buyers Remorse

It's not uncommon for buyers to experience feelings of regret and remorse after purchasing a property, and there are various reasons why this may occur. Suppose you are part of the 75%. In that case, you should find peace in knowing that many people just like you did not ask the right questions of their advisors, including real estate professionals and lenders, who should have supplied you with enough information to make a good decision. 

One potential cause of remorse is overpaying for a property. In today's competitive market, buyers may feel pressured to offer more than they can afford to secure their dream home. It's understandable to feel regretful if they realize later that they overpaid for the property.

Another reason why buyers may…

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Stonington Borough

Located in the southeastern part of Connecticut, Stonington is a charming coastal town that has gained a reputation as a desirable place to relocate for both work and play. With its picturesque setting, quaint village center, and a range of outdoor recreational activities, it's no wonder that more and more people are flocking to this small town in search of a slower, more fulfilling lifestyle.

Here are just a few of the reasons why Stonington, CT, is such a great place to live:

Natural Beauty

Nestled along the shores of the Long Island Sound, Stonington is surrounded by natural beauty. The town features a variety of parks and nature preserves, including Barn Island Wildlife Management Area, Napatree Point Conservation Area, and DuBois Beach,…

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Stonington Borough is a charming coastal town located in the southeastern corner of Connecticut. The real estate market in Stonington Borough is known for its mix of historic homes and waterfront properties, situated between many local businesses, shops, and restaurants.

One of the biggest draws of the Stonington Borough real estate market is its waterfront properties. The town is situated on the Long Island Sound and has several marinas, making it a popular spot for boating and water activities. Many homes in Stonington Borough offer spectacular waterfront views and have easy access to the water. These properties can be quite expensive, but they offer a unique lifestyle and a chance to enjoy all the water activities.

The town also has a…

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Andy and Rupert Murdoch

 

The acquisition of Realtor.com by CoStar Group could have several impacts on the real estate industry, including:

  1. Increased market dominance: CoStar is already a major player in the commercial real estate data and analytics space, and the acquisition of Realtor.com, a leading consumer-facing real estate website, could give the company even more market dominance.

  2. Increased access to data: CoStar's access to data and analytics could be further enhanced by integrating Realtor.com's consumer-facing data into its platform, allowing the company to provide even more detailed information and insights to its customers.

  3. Increased competition: The acquisition could lead to increased competition for other real estate websites and…

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