Posts from November 1st, 2016

Dear Neighbor,

It's time to look at the past year to see what happened to the upper end market. The number of sold properties is up 27% and the average sales price is slightly up from last year. The average selling period of days on the market (DOM) is slightly longer by 2 weeks. All in all the market is slowly improving even if you were one of the 120 upper end properties that did not sell. The good news: 65 sales in a year are the most we have seen since 2006-07!! Here's some perspective over the last 12 years for the upper end market in the 11 towns we serve in Northwest Connecticut: *

Year # for Sale Average List price # Sold Average Sale Price

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Dear Neighbor:

We were fortunate to enjoy such a beautiful autumn season. The leaves turned with warm colors glowing and the home buyers are also turning up here to see what we have to show them. It is still a buyers market and the buyers are well aware of that fact. So far it translates into more sales than ever: 14 recorded sales since our last MidCornwall letter to you when we reported 5 home sales and 1 land sale.

Here is the report:

216 Furnace Brook Road languished on the market for over 3 years. The original list price had been $319,000 and it closed at $205,000. This small 5 room Victorian house has charm, a marvelous kitchen, first floor master and over 11 hilly acre...

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