May brought us into Ridgefield’s Spring real estate selling season. We continue to see a decline in the number of closed transactions from the previous year, down by almost half compared to May, 2007 and down about 35% year-to-date. After a few months of decline, one measure of price levels, price-per-square-foot, has rebounded to $287 on average - back in line with historical levels of the past couple of years. . Buyers are still in control but they are generally taking a long time to make decisions and are most nervous about a market decline. Although sales are down, luckily Ridgefield has not experienced a huge erosion in property values mostly due to how desirable people find....
See additional charts and graphs and Read the entire post at Real Estate Chocolate:
Ridgefield, CT Real Estate Market Report: Home Sales June 2008
I am about to share with you one of most important, yet most elusive, real estate market statistic: Days-On-Market (DOM).
No one can miss the media hype about crashing real estate markets, the sub-prime lending mess, and foreclosures. What we’ve seen here in the current Ridgefield, CT real estate market, however, doesn’t really match any one of these headlines.
The Ridgefield real estate market has not crashed, in fact we conducted 3.7% more sales in 2007 than in 2006 with just a minor softening of prices. The sub-prime mortgage situation has only indirectly effected our business in that lenders now require more documentation from borrowers. And we’ve only seen a handful of foreclosure sales, nothing extraordinary.
So what has changed? It can’t be business as usual, can it?
READ THE ENTIRE POST AT REAL ESTATE CHOCOLATE:
How Some Officially Reported Data is Misleading and Why You Need to Know the Truth
Data, data everywhere! Like any active market, there are thousands and thousands of data points generated each year about every square foot of every house sold in Ridgefield. The MLS (multiple listing service) is very efficient at storing all this data and spitting out listings (see our MLS search page to find the home of your dreams). But to really understand what’s happening, we’ve got to mine this mountain of data for the nuggets that unlock the true essence of value in Ridgefield Real Estate.
Most markets are complicated. Ridgefield real estate is no different. But when properly armed with the best information, you will master the market, protect the value of your real estate assets and benefit from market insights that others just don’t have.
Read more: Ridgefield, CT Real Estate
Brad and I have been spending hours and hours getting our new blogsite off the ground:
Come visit and taste the sublime as we post from our office in Ridgefield, CT. We're writing about all things relating to Real Estate and life in Ridgefield, Redding and Wilton in Fairfield County, Connecticut.
We look forward to seeing you soon!
-- Rob --
The Kimmelman-Gutman Group
Keller Williams Realty
Ridgefield, CT 06877
www.RealEstate-Chocolate.com
Ridgefield Realtors specializing in exceptional homes in Ridgefield, Wilton, Redding in Fairfield County, CT. Lake Experts in Ridgefield. Rainbow Lake, Fox Hill Lake, Mamanasco Lake, Twixt Hills
Brad I was actually born into the entertainment industry. My father, Phil Kimmelman, is a cartoonist and animation director whose claim to fame is being one of the creators of Schoolhouse Rock, back in the 70's. My mother was a high fashion photographer for Harry Conover Modeling in the 50's, but gave it all up to become a wife and mother, and eventually went back to help run the animation studio in the 70's.
Funny, I did not grow up dreaming about being a Realtor. I was sure I would be a movie star. I studied acting in NY at the age of twelve and at 16 got my first National TV Commercial for Anacin. I auditioned on Broadway, and appeared in some very small roles in films, TV and stage throughout my twenties. In high school, at Rye Country Day School in Rye, New York, I got my first job delivering singing telegams for a company called Witty Ditty in Scarsdale, NY. That was a lot of fun! Throughout college, I was a dinner cruise singing waiter on The Spirit of Boston . After graduating from Boston University with a degree in Broadcasting and Film, I worked in Manhattan on Wall Street for Coldwell Banker Commercial Real Estate Services, where I learned to negotiate office leases.
I took a two year break in 1987 to move out to Los Angeles give my acting career one more shot. In 1989 was living like a gypsy in L.A. and I decided I really like the finer things in life. I moved back to NY put my Film degree to work for me, and began my career in video/film production and finally worked for years as a Broadcast Producer at Grey Worldwide Advertising, producing TV commercials.
In 2000, I got burnt out with the corporate world, and needed a change. Thinking a career in finance would be fulfilling, I got my Series-7 stockbroker's license, and worked for 6 weeks in that field after passing all my tests. Exhausted, I moved to Connecticut in 2001, and decided to get into residental Real Estate, because I think "home" is the most important place in the world, and I wanted to help people find their "home". This was one of my best decisions, as I have had a wonderful time doing exactly that. I have built a successful career here in Ridgefield, and in the process have met fantastic people and made some wonderful friends.
I live on Rainbow Lake here in Ridgefield, with my partner Jorge, and our 2 Yorkie dogs, Zack and Sydney. I still perform in theater from time to time, and still love to sing.
Hobbies: Tennis, Theater, Film, Swimming, Travel, Hiking and Biking.
Rob My 25–year sales career started on Wall Street, progressed to hi-tech and has now settled into real estate. Running a real estate business totally leverages my experience and education: sales, economics/finance, technology and management.
Over all these years, my success has been achieved by helping my clients meet their goals.
I grew up in New Rochelle, NY and moved to Connecticut in 1988. My wife, daughters and I have lived in Ridgefield for many years and we absolutely love it. We’ve all been directly involved with the schools, sports clubs and everything else this great town offers. Here are a few more facts that’ll help you get to know me better.
Work:
It is with immense pleasure that we write this spontaneous letter of recommendation for Brad Kimmelman. There are a myriad of ways in which Brad exemplifies the gold standard in the real estate business. But given that the current sound-byte-era necessitates succinctness, we
would articulate his stellar qualities in the following way: incredibly knowledgeable about the real estate business; exceedingly pleasant; extremely hard working; always positive; very smart; continually responsive; amazing range of professional contacts; and a savvy user of
technology (which we all know now to be critical for success in any business). We do not have a single negative or even mildly neutral comment -- our experience working with Brad was overwhelmingly positive. We cannot recommend him highly enough.
Pia & Anil Britto - Ridgefield CT
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