Page Array – William Pitt Sotheby’s Realty https://www.williampitt.com Wed, 17 Apr 2019 15:29:44 +0000 en-US hourly 1 https://wordpress.org/?v=4.6.1 First Quarter Market Watch 2019 https://www.williampitt.com/first-quarter-market-watch-2019/ Mon, 15 Apr 2019 20:54:39 +0000 https://www.williampitt.com/?p=58268 Be sure to check out the entire First Quarter Market Watch report here for an …

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Be sure to check out the entire First Quarter Market Watch report here for an in-depth look at the strength of our markets.

The first quarter of 2019 saw a general decline in real estate sales across most of the markets we serve, similar to the phenomenon we observed at this time last year. The picture varied across regions, with Westchester and Fairfield Counties witnessing the most significant decreases in single family home sales versus the first quarter of 2018. Litchfield County and the Farmington Valley area of Hartford County also experienced decreases in volume and unit sales. Unit sales ticked up slightly in the Berkshires as volume dropped, and the opposite was true in the Connecticut Shoreline region, where unit sales dipped alongside an increase in volume as more properties transacted at the higher end. This increase at the upper end was not the trend in most areas, however. In fact, the luxury market was notably quiet.

In Westchester County, sales over $2.5 million account for just 8% of the total market in dollar volume and 2% in unit sales, yet most of the overall market decline here occurred above $2.5 million. Below that price point, where we see the vast majority of sales, decreases in volume and unit sales were more modest. Likewise, in Fairfield County sales over $2 million represent 8% of the market in volume and 2% in units, and again, volume and unit sales in this range decreased at a much higher rate than they did below $2 million. It appears the uppermost end of the market, which makes up just a small percentage of sales, is having an unusually significant impact on the numbers as a whole. Although we have previously observed diminished activity at the high end, this is the first time we have seen such sharp declines compared to the lower price points. For a deeper analysis, please turn to the Westchester and Fairfield County sections of this report.

Uncertainty surrounding the tax reform bill is playing a role in negatively impacting the market, yet property taxes represent just one consideration that must go into the purchaser’s decision process. The key economic indicators that continually serve as our guidepost provide reason for optimism as we head into the second quarter. The Labor Department jobs report in March demonstrated strong job growth with an exceptionally low unemployment rate of 3.8%, even as wages were reportedly on the rise. Mortgage rates have continued to drop, averaging 4.06% on the last day of March, while the Federal Reserve recently decided that interest rates, which still stand at historic lows, will not increase for the remainder of this year. The stock market surged in the first quarter, and GDP rose by a higher than expected 2.6% in the fourth. Finally, the Conference Board Consumer Confidence Index for several months now has reported consistently elevated levels of consumer confidence, a critical benchmark in gauging the health of the real estate market. In March, consumer confidence stood at 124.1 (1985=100). We will continue to watch these factors closely, but when consumer confidence is this healthy, we typically see demand in the real estate buyer pool follow suit.

I hope you find this report informative on what’s happening in your market, and invite you to contact one of our sales associates if we can help you with any of your own real estate needs.

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Paul E. Breunich

President and Chief Executive Officer

William Pitt – Julia B. Fee Sotheby’s International Realty

+1 203 644 1470 | pbreunich@williampitt.com

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Exceptional Automobiles, Presented by RM Sotheby’s https://www.williampitt.com/exceptional-automobiles-presented-rm-sothebys/ Fri, 12 Apr 2019 15:13:45 +0000 https://www.williampitt.com/?p=58218 Today, we’re blogging about the exceptional RM Sotheby’s and the company’s incredible auction …

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Today, we’re blogging about the exceptional RM Sotheby’s and the company’s incredible auction happening today in Essen, Germany. Founded by Rob Myers in 1991, RM Sotheby’s is the market leader in the global automotive auction scene.

Check out these incredible luxury cars on auction below and learn more about this event by visiting Sothebys.com

 

 

1932 Mercedes-Benz 370 S Mannheim Sport Carbriolet

Estimate €400,000 – 550,000

The Mercedes-Benz 370 S Mannheim was only in production for two years from February 1931 to February 1933. A total of 195 chassis were manufactured, 64 of them in 1932. The trim and tasteful lines of the 370S Sport Cabriolet are as appealing today as they were in the early 1930’s. The model is rarely offered, and this is an exciting opportunity to acquire a very special and elegant pre-war Mercedes-Benz cabriolet that presents beautifully in every way.

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1949 Veritas BMW Rennsport

Estimate €450,000 – 550,000

As with many 1950s sports racing cars—and particularly those powered by the wonderfully tractable BMW engine—chassis no. 85123 remains an extremely versatile and usable car, equally at home on either road or track. It remains a rare, charismatic and highly significant example of early post-war German engineering.

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1955 Mercedes-Benz 300 Sc Coupe

Estimate €450,000 – 550,000

A car that epitomized the high-quality engineering and no-compromise construction that the marque was so justly famous for, manufacture began in July 1952 and ended in August 1955. Cars were special-ordered and custom-built in coupe, roadster and convertible body styles, all powered by a street-tuned three-carburetor version of the 300 SL sports car engine. Only 113 hand-built 300 S left the factory in 1952, rising to 353 in 1953 as the model found favor with celebrities and jet-setters.

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Welcome Spring Into the Home https://www.williampitt.com/welcome-spring-home/ Fri, 05 Apr 2019 17:30:08 +0000 https://www.williampitt.com/?p=58168 Though the spring blossoms have not yet sprung, the stage is set for …

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Though the spring blossoms have not yet sprung, the stage is set for the change of season. Today, we’re blogging about how we too can set the stage for spring’s entrance; all it takes is some simple home-makeover tips.

 

 

Top of wood table counter on blur window view garden background.For montage product display or design key visual layout

The hallmark of this season is the new warming weather, and what better way to prepare for a warm breeze than to get your home’s windows sparkling. Good Housekeeping details this classic spring cleaning tip.

 

 

Patterned pillows on sofa next to red armchair in cozy living room interior with wooden furniture

The upcoming months will bring vibrant colors and shades to the outside, and we can do the same to our interior spaces. Realsimple.com highlights a decorating tip that suggests changing out winter gray for an array of spring color.

 

 

 

Ditsy print. Vector illustration

Like a lawn full of flowers, wallpaper spreads colors and patterns across a space and the effect is oh so refreshing. Better Homes & Gardens shares insight into this surprisingly simple tip.

 

 

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The Press Room: March 2019 https://www.williampitt.com/press-room-march-2019/ Wed, 03 Apr 2019 13:59:43 +0000 https://www.williampitt.com/?p=58145 Our public relations team has a strong track record of securing editorial coverage …

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Our public relations team has a strong track record of securing editorial coverage for our listings, agents and firm in key online and print media outlets locally, nationally and internationally. We achieve thousands of press placements annually, generating widespread exposure and interest in our properties and company to the benefit of all listings company-wide.

Success in our PR efforts is just a part of our competitive edge. To learn more about the unique advantages we offer to buyers and sellers, click here.

 

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Exceptional Tudors https://www.williampitt.com/exceptional-tudors/ Fri, 29 Mar 2019 13:52:44 +0000 https://www.williampitt.com/?p=58040 Originally from England, Tudor homes are known for their steeply pitched, multi-gabled roofs and …

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Originally from England, Tudor homes are known for their steeply pitched, multi-gabled roofs and decorative half-timber framing. The result is a unique, distinct style with striking curb-appeal. Today, we’re bringing you an exceptional collection of homes constructed in this beloved style.

 

1143-1155 Sasco Hill Road Fairfield, CT

Listed with Victoria Fingelly

Comprised of 20 breathtaking, beautiful acres, Sasco Point is one of the most outstanding and important waterfront estates on the Connecticut “Gold Coast.” Kept grand and splendid for almost 100 years, the exquisite and architecturally incomparable 17,000+/- square foot Elizabethan Renaissance Manor House with Tudor Gothic Revival wing discreetly provides every 21st century amenity.

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114 Beachside Avenue Westport, CT

Listed with Victoria Fingelly

This magnificent 7.7 acre “Gold Coast” property offers an unparalleled aesthetic of grace and grandeur. Circa 1911, the Elizabethan Tudor residence with pool and carriage house was recently renovated to perfection, combining modern amenities with a genteel ambiance reminiscent of the early 20th century.

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29 Swifts Lane Darien, CT

Listed with Susan Nix

This stunning Tudor on 2+ acres is a destination for gracious entertaining. The elegant center hall opens to a formal living room with fireplace and French doors, leading to a stone patio overlooking the rolling lawn and aerated pond. The amazing location further makes this a dream home, with beach, train, library and restaurants all in walking distance.

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2011 Shippan Avenue Stamford, CT

Listed with Bryan Morris

Welcome to a stunning 5 bedroom home in Shippan Point, Stamford, with top of the line finishes and upgrades. Flooded with natural light, the home is perfect for both living and entertaining. Located in a desirable waterfront neighborhood, close to downtown Stamford restaurants, shops and entertainment.
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Best of: Home-Tech https://www.williampitt.com/best-home-tech/ Wed, 27 Mar 2019 19:56:23 +0000 https://www.williampitt.com/?p=58044 It’s the 21st century and technology has permeated into every aspect of our lives, …

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It’s the 21st century and technology has permeated into every aspect of our lives, including our homes. In fact, one would be hard-pressed to find a home that does not offer modern amenities. Though, however standard the smart-home has become, there are some properties that take home-tech to the next level. Today, we’re bringing you a collection of exceptional homes that stand as examples of this fact.

 

 

97 Skyview New Canaan, CT

Listed with The Sneddon Team

This exciting new property built by Altamura Homes offers innovative design, style and unparalleled building quality. Each interior space was thoughtfully created to provide for elegant open concept living, featuring inspired finishing elements that awaken your senses and seamlessly satisfy the pragmatic needs of today’s sophisticated families. Technologically advanced, the home features the ultra-modern Control4 Smart Home technology, allowing for complete control of lighting, entertainment, security, energy, and other connected devices.

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42 Nettleton Hollow Road Washington, CT

Listed with Kathryn Clair and Kathryn Clair Bassett

In Washington, CT we find an impeccable stone and shingle home that incorporates a state of the art geothermal heating and cooling system for top-rated construction and energy efficiency,  as well as Cat 6 audio wiring for sound, data and internet. Designed and built by HOBI Award Winning, Corbo Associates, the 8,300 plus square feet of exceptional living space is graced with five bedroom suites, a top of the line kitchen, heated gunite pool and pond.

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510 Sasco Hill Road Fairfield, CT

Listed with Nancy Dolan and Lynn Dolan

This enchanting English Cottage was built in 1914, but don’t let the year give you the wrong impression. A renovation and expansion in 2016-17  brought this home to the 21st century and beyond, adding advanced technology including 12-zone, Warmboard radiant floor heating through the entire home, Lutron RadioRa LED lighting and a Summer Rain computerized irrigation system.

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The Best Of – Weekend Happenings https://www.williampitt.com/best-weekend-happenings/ Fri, 22 Mar 2019 18:24:25 +0000 https://www.williampitt.com/?p=58010 We are the destination for the best of – the best of homes, …

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We are the destination for the best of – the best of homes, lifestyles and luxury. Today, we’re blogging about the best of this weekend’s happenings, highlighting an event that offers the best of local eats and fine wine.

Savor Local is happening on March 24, 1pm to 4pm, at LaKota Oaks (32 Weed Avenue, Norwalk, CT).

Foodies welcome! Get ready to try out new dishes or enjoy your go-to. While you savor, music, a photo booth and live comedy routines will provide the entertainment. There will be chances to win prizes and all proceeds will benefit Family & Children’s Agency in Norwalk.

There’s something for everyone, with exceptional food and drink for every kind of taste. Read more to get a preview of just some of the restaurants bringing their specialties to the event.

Bailey’s Backyard

Healthy Grilled Basil Mozzarella Caprese Panini Sandwich

An American farm-to-table restaurant and catering company, their mission is to offer refined, New American cuisine in a polished, casual atmosphere. In spring 2013 they transformed into a true farm-to-table restaurant, creating a menu based on the freshest and finest local food sources.

You can visit Bailey’s Backyard at 23 Bailey Avenue in Ridgefield, CT.

Visit their website

 

The Cakery by Natalie Rose

Girl chef cooks confectioner, decorates cake with forest berries. concept making without lactose cakes. Copy space, selective focus

Crafting custom cakes, cookies and cupcakes, The Cakery takes occasion, personality and ideas into consideration to make unique, artful and fine desserts.

You can contact The Cakery at NatalieRose@TheCakeryCT.com

Visit their website

 

Lugano Wine Bar & Salumeria

Waiter pours red wine into a wine glass

The trademark of the establishment is their salumeria, which offers a wide assortment of specialty cured Italian meats and cheeses. Along with fine wine and specialty meats and cheeses, a tapas section offers a variety of Italian cuisines.

You can visit Lugano Wine Bar & Salumeria at 1392 East Putnam Avenue in Old Greenwich, CT.

Visit their website

 

Rowayton Seafood

Chef's hand holding fresh piece of salmon

Offering a menu that seafood lovers will savor, they offer traditional seafood such as oysters, chowder, fried oysters, and lobsters as well as seasonal dishes.

You can visit Rowayton Seafood at 89 Rowayton Avenue in Rowayton, CT.

Visit their website

 

This special event is hosted by TownVibe, the leading publisher of high-quality magazines for the people of Fairfield County, Litchfield County, Westchester County, and Berkshire County. TownVibe creates quality content that strengthens communities by connecting its people, organizations, and businesses. Like at Savor Local, good things happen when people connect.

Tickets are all-inclusive including all food, drinks and entertainment. Buy them here!

Contact the organizer with any questions – Geoffrey Morris at gmorris@townvibe.com or Robin Phillips at rphillips@townvibe.com

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Timeless Beauties https://www.williampitt.com/timeless-beauties/ Wed, 20 Mar 2019 20:11:29 +0000 https://www.williampitt.com/?p=57974 Age is more than just a number. Age is beauty. And it’s true …

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Age is more than just a number. Age is beauty. And it’s true that many of the finest things in life are appreciated and loved more as the number of years they span grows.

Homes especially benefit with the passing of time, as they hold the allure of yesteryear, stand out among others and become timeless beauties.

Explore these homes that are letting their age shine.

 

 

510 Sasco Hill Road Fairfield, CT

Listed with Nancy Dolan and Lynn Dolan

Built in 1914, this enchanting English Cottage is surrounded by gardens, terraces and panoramic views. Set high on Sasco Hill, it offers spectacular views of Southport Harbor, a golf course and Long Island Sound from all rooms and the spacious terrace.

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102 Melius Road Warren, CT

Listed with Ira Goldspiel and Howard Schissler

This distinctive home was built in 1799 and boasts an interesting past. The Melius family bought the house in 1912 and when R.W.G. Vail visited them in 1927 he was so inspired he wrote a memoir, A Visit to Reverie Farm, about his trip to this magical place. On the main level is the sunny living room with beamed ceiling and fireplace, a large formal dining room with fireplace and built-in corner cabinets, a family room with fireplace, and a library. The property is conveniently located close to the villages of Warren and New Preston, the town beach on Lake Waramaug, Mohawk Mountain and the many other attractions that Litchfield County offers.

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10 Wood Creek Road Bethlehem, CT

Listed with Julie King

Built in the 1800s, this stately five-bedroom antique is the centerpiece of Bird Pond Farm, a name inspired by the bucolic, private pond that rests within the boundaries of this nearly 8-acre property. The beauty of this home and the materials used to build it become apparent upon entry. Wide plank hardwoods on the floors and exposed beams on the ceilings have been conscientiously preserved. Windows frame picturesque views while natural light draws you from one room to the next – an especially lovely way to discover the formal living room with wood-burning fireplace and pocket doors that lead to a formal dining room well-suited for a large table and chairs. This home is a must-see for those seeking life well-lived in a quintessential New England setting.

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1 Sill Lane Old Lyme, CT

Listed with Colette Harron

George Washington danced in this house, one of Connecticut’s oldest, when it was the Peck Tavern. Beamed ceilings and corner posts are hand hewn, with wide board floors throughout. There is a gracious dining room with an original corner cupboard, double chandeliers and a large stone cooking fireplace with beehive oven. The home is recorded on The National Register of Historic Places and the barn is on the Connecticut Historic Trust Barn Tour.

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211 South Main Street West Hartford, CT

Listed with Scott Glenney

In West Hartford, a charming 1915 Colonial Revival located on over 1.5 acres sits high on South Main Street and is walking distance to the West Hartford Center shopping and dining districts. This expansive home is rich in character featuring a formal entry and foyer with the original staircase and banister, large formal living and dining rooms, and study, all which anchor the tradition of the home. As you enter the third floor to a private retreat, the story of the home continues as the oak hardwood floors turn to fir softwood, as was indicative of the era. The backyard is a complete escape from the vibrant West Hartford scene, offering a peaceful grounds with waterfall feature and a large lower field area that is perfect for backyard games. The whole package delivers a warm and inviting home that is perfect for entertaining and everyday living.

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170 Whisconier Road Brookfield, CT

Listed with Kellie Martone

Set amid Brookfield’s Historic District, this home was built around 1820 as a barn and totally restored in 2009. Original vintage details include hardwood wide plank floors, exposed beams, brick fireplace and expansive second floor landing/sitting area. Quality craftsmanship creates a home that’s functional, energy efficient, as well as a source of pride. An open concept design allows an effortless flow for entertaining and a comfortable rhythm for daily life.

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171 Ponus Avenue Norwalk, CT

Listed with Holly Giordano

Originally built in 1790, this Norwalk, Conn., home has famous history. It once belonged to a Broadway legend and the original Peter Pan, Mary Martin. Enjoy lush views of 2.3 acres of rolling lawns, stacked Connecticut field stone walls, mature trees, and parterre garden from every well-appointed room. Highlights of the home include a double set of French doors that lead to a flagstone patio with sweeping wisteria and vintage lights from London that surround exterior doorways. Interior features include an open and bright kitchen and three deluxe bedrooms, all with luxurious ensuite baths. Exceptional entertaining space and an open floor plan make for easy hosting. Live the lavish lifestyle of a Hollywood star!

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Sotheby’s Celebrates 275 Years https://www.williampitt.com/sothebys-celebrates-275-years/ Fri, 15 Mar 2019 17:37:26 +0000 https://www.williampitt.com/?p=57916 This year marks the 275th anniversary of the Sotheby’s Auction house. 2019 also …

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This year marks the 275th anniversary of the Sotheby’s Auction house. 2019 also denotes the 70th anniversary of our company. While sharing significant anniversaries is something to celebrate in itself, today we’re blogging about more than that. We’re writing to celebrate the very DNA that our company shares with Sotheby’s, namely, a heritage of innovation and dedication to continuously evolving.

Just as Sotheby’s Auction unites collectors with the works of art they treasure, we unite people with something they too cherish deeply, their home. As Sotheby’s provides exceptional service and expertise in the art world, so too we deliver extraordinary service and expertise in the real estate world.

Sotheby’s has remained dominant for 275 years by exemplifying a heritage of innovation. As a company we too follow the philosophy that in order to maintain our position as the pre-eminent brokerage firm we must consistently add to our value proposition. Evidence of our ‘lead-the-pack’ mentality is seen in our partnership with industry leaders to bring our customers the best in class modern technology, integrative platforms such as Adwerx and Spacio, and the recognition of our website as the best in the nation by REAL Trends.

Finally, today, we’re celebrating the strongest match in DNA between us and Sotheby’s, a combination that has made 275 and 70 possible – our client relationships, the foundation of our business. We have decades of experience in what matters most in selling real estate—building strong relationships with buyers and sellers and delivering them the highest level of service. This, in tandem with our innovative spirit, is what makes Sotheby’s and us the leaders that we are, in a position to ambitiously evolve.

 

Watch the landmark moments in Sotheby’s 275 year history below –

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Spotlight: Stunning Kitchens https://www.williampitt.com/spotlight-stunning-kitchens/ Mon, 11 Mar 2019 14:09:42 +0000 https://www.williampitt.com/?p=57785 It’s the place to cook, gather, talk, celebrate, laugh and eat. It’s a …

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It’s the place to cook, gather, talk, celebrate, laugh and eat. It’s a focal point of the house and the essence of home. Today we’re highlighting homes with stunning kitchens that are as beautiful as they are functional.

 

17 Brush Island Road Darien, CT

Listed with Stephan von Jena

This custom 7, 900 sq. ft. family home exudes warmth and country elegance with water views from nearly every room. The highlight of the home is the multi-island gourmet kitchen, built-in bar and the dining and living rooms with walls of windows.

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250 Upper Whittemore Road Middlebury, CT

Listed with Mark Madonna and Jeffrey Phillips

This Middlebury, CT home features an extraordinary kitchen that’s designed for the avid cook and entertainer. Featuring custom painted, walnut cabinetry and stellar, white marble counter tops, it’s fully stocked with a Wolf wall oven, two Wolf warming drawers, a Wolf built-in deep fryer, double oven Wolf range with six burners and one french top and two sub-zero refrigerators.

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265 Clinton Avenue Dobbs Ferry, NY

Listed with The HCH Team

In Dobbs Ferry, NY is a magnificent colonial. The stunning kitchen features a center-island and top of the line appliances. Outside, a built-in outdoor kitchen and fire pits further make this home an ideal gathering place.

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42 Nettleton Hollow Road Litchfield, CT

Listed with Kathryn Clair and Kathryn Bassett

This home in Litchfield, CT features a top of the line kitchen that is the center of the home, complete with an additional butler’s kitchen for entertaining. Designed and built by HOBI Award Winning, Corbo Associates, the elegant and comfortable spaces throughout flow from house to patio and pool.

42-nettleton

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