71°
EASTON, Conn. Look for an uptick in Easton's real estate market in 2012, says RE/MAX Heritage broker Judy Szablak. I know this year we are going to do better, she says.
Over the past three years, Eastons market has had its ups and downs. Szablak says that in 2009, Easton saw 54 homes sold at an average price of $599,231. There was a jump in 2010, with 79 homes sold at an average price of $638,014, and then a dip this past year, with 53 homes selling at an average price of $693,716.
The jump in 2010, according to Szablak, was due to several reports that the economy and real estate market were looking up. People started to get optimistic in 2010, so they bought, but they were disappointed in 2011 when things didnt really change. People were anticipating an improved market, and when it didnt happen, they started to get nervous, she said.
But sales seem to be trending up this year, says Szablak, who writes for The CT Realty Blog. The reason? A better economy, lower interest rates and an upcoming presidential election, Szablak says.
Historically, presidential elections have brought about increased real estate activity, and coupled with low interest rates and increasing consumer confidence, it should help this market considerably in the coming year. I cannot state with certainty that any major price adjustments on the positive side are in the midst any time soon, she adds.
Another positive factor is that Easton is still considered one of the quintessential Connecticut towns, Szablak says.
The hot properties for those looking to buy in Easton tend to be three- or five-bedroom homes or homes listed for $500,000 to $600,000.
The quaint appeal of Easton is still a big draw among homebuyers, Szablak says. Its a sleepy town, and its meant to be that way. People like its close proximity to Manhattan and that it is still somewhat secluded, historic and scenic.
Click here to follow Daily Voice Westport and receive free news updates.
