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March 2008


REAL ESTATE

Deeds & Don'ts
By Lily Oliver and Stacy H. Small

INSIDE STORIES BEHIND AREA REAL ESTATE DEALS

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THE TRUE STATE OF THE STATE
William Raveis Real Estate now offers a handy online resource that tracks every statistic you can think of (and then some) about the housing market in any town across our state. For months now, the media has been suggesting real estate market is dead—reports based mostly on the doom and gloom that usually follows a once-booming market, where speculation was rampant. Despite the naysayers, we've been hearing that many Connecticut markets have remained strong. The stats on the cool Raveis tool prove that. But don't take our word for it: Log onto www.raveis.com/localhousingdata.asp and see for yourself.

The Spring Market: Stirring, Not Shaken
With the news focusing on unsold homes, it would be all too easy to get the impression that no realtor has closed on a listing for, oh, a year or two. That's definitely not the case in Westport, where several solid sales appear to promise a not-so-shaky spring market. Indeed, realtor Laurie Crouse of Coldwell Banker Riverside Shavell in Westport calls the market "crazy," but in a good way. "Defying all the media, I am very busy making deals," she reports. The biggest Westport deal of late is the sale of the historic Hockanum House, one of the town's grandest antiques. A couple of empty nesters from New York City paid $6.2 million for the mansion, which was first listed three years ago for $10 million.

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