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Date Archives: January 2017

Bain Real Estate - Market Update Home

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Bulls Bridge | 4 Posts
Cornwall Bridge | 6 Posts
Cornwall Hollow | 4 Posts
Cream Hill | 5 Posts
East Cornwall | 5 Posts
East Warren | 5 Posts
Ellsworth | 5 Posts
Kent Hollow | 4 Posts
Kent Village | 4 Posts
Long Mountain | 2 Posts
Merryall | 2 Posts
Mid Cornwall | 5 Posts
Mudge Pond | 5 Posts
Route 7 South | 3 Posts
Segar Mountain | 6 Posts
Sharon Mountain | 4 Posts
Sharon Village | 4 Posts
Silver Lake | 5 Posts
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South Kent | 3 Posts
Spectacle Lakes | 5 Posts
Waramaug | 4 Posts
West Cornwall | 7 Posts
West Warren | 5 Posts
Westwoods | 4 Posts
White Hollow | 4 Posts
January
1

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Dear Neighbor,

Welcome to winter in West Cornwall. As you know that means snow/sleet/rain and the occasional spring-like day to really confuse us. Our real estate market reflects the changing weather, too. The newly formed Cornwall Business Association is planning a midwinter "stroll" late day on February 18th. It will include the best known locations like the Wish House and the Wandering Moose as well as other surprises, like Bain Real Estate who will host several other businesses such as Suzie's Sweets and Daval and the Serene Bean! Check out the February Chronicle for details.

At this time last year there were 38 homes for sale in Cornwall. In this calendar year there have only been 10 home sales outside family transfers. One of those sales was a 30 acre property which had been on the market over 3 years originally listed at $1,400,000 and closed at $850,000. Another was a 13 acre property with 2 barns and a fine house which closed in only a few months at $1,320,000 just $55,000 off the asking price. Realistically priced properties are selling even in a slow market. One positive development is that the past 3 months have seen more activity than the first 7 months of the year.

This past year has seen only one property sale in your neighborhood, but we have 2 properties for sale!

52 River Road sold just one year ago. This cape with 2 bedrooms and 1 ½ baths needed updating and some repairs, and is sited on almost 5 acres across the street from the Housatonic River. The large sunny living room features a fireplace and there are wood floors through out the house. Listed at $144,000 and sold at $128,000.

44 River Road is a 4 bedroom cape with a 3 season back porch, dry basement with both a garage and a workshop and a ½ bath. It features both an oil furnace and a wood furnace and will be sold with 3 cords of wood neatly stacked. The top floor has 2 bedrooms, closets and another ½ bath. This is one of those houses that seems bigger inside than it looks from the outside. It comes on 3 lots: house is sited on 1.5 acres, back lot is 8.35 acres, side lot is 6.4 acres for a total of 16.37 acres. This is also my listing at $285,000.

410 Sharon Goshen Turnpike sits high on a hillside behind the West Cornwall Post Office. Asher Pavel has this 1860 Victorian House overlooking the Mill Brook and all of West Cornwall. Sited on nearly an acre (.96 acre), this whimsical house has 2 bedrooms, 3rd floor living room with views all around that make it seem like tree house, balconies and an open porch. Listed at $335,000.

As we enter the New Year, we'd love to talk with you about any real estate needs you may have. Our listings have sold quite well this past year in Cornwall and the surrounding towns. Prices are firming up, and it appears that mortgage rates are also on the rise. That said the time to buy and sell is now. The recent snowfalls auger well for Mohawk and the Cornwall school gym skiers. Our town has so much to offer and we welcome the newcomers.

 

Cordially,

Priscilla Pavel

And also in West Cornwall: Rick Meehan, Heidi Kearns, Dave Hurlburt and Asher Pavel

 

 

 

  Please note that not all listings and sales transactions are through David Bain Real Estate