Mortgage Modifications

Lenders are considering modifying some of their mortgages in light
of the rise in foreclosures and delinquencies. It may be an opportune
time to have a discussion about your mortgage with your lender. It is
incumbant for lenders to keep assets performing and they may be willing
to accomodate customers in light of the present state of the economy.
Especially, loyal customers who can show legimate financial or medical hardship.

Easton, Ct. Home Prices

During the past 6 months there have been 17 residential sales of 4-BR dwellings in Easton, Ct. per CMLS with an average Sale Price of $695,529 and an average marketing time of 149 days. This is down from an average Sale Price for the 23 sales of 4-BR dwellings for the same 6 month time frame of 2007 where the average price was $783,312 with a 109 day marketing period.
The Average Sale Price of a 3-BR dwelling has fallen from $654,075 (9 sales) to $580,955 (6 sales).

Note: Time frames analyzed: 5/18/2007 - 11/18/2008
& 5/18/2007 - 11/18/2007

Trumbull Real Estate

Recent CMLS statistics for sales in Trumbull for the past 6 months (2008) indicate an
average sale price of $464,252 (163 transfers) compared to an average sale price of $516,011 (226 sales) for the same 6 month time period in 2007. There are presently 88, three bedroom homes on the market at an average list price of $404,735 as the market begins to get more serious about selling. The average sale price of a 4-BR home is now $597,300. A newer CMLS feature known as ListingBook has become popular with consumers interested in accessing valuable residential home buyer information and statistics. Do not hesitate to contact me to subscribe to this free service.