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Dear Neighbor,

Well, it's February and time for our annual update on what's happening in Warren and in your neighborhood. The good news is that the economy in the country is improving and the real estate market in the Northwest Corner is gaining strength. There are fewer foreclosures that were dragging us down and there are more buyers searching for homes (see the Warren sales stats for the last year below) and happily land parcels are seeing increasing interest even in this snow!

Here's a little Warren history (our reporting year actually runs from February to February):

In 2007 there were 38 homes on the market and 15 sold.

In 2008 there were 36 homes on the market and 8 sold.

In 2009 there were 40 homes on the market and 10 sold.

In 2010 there were 48 homes on the market and 17 sold.

In 2011 there were 28 homes on the market and 12 sold

In 2012 there were 22 homes on the market and 13 sold

In 2013 there were 25 homes on the market and 17 sold

Today there are currently 20 homes on the market in Warren and this past year saw 25 houses sold! That's a significant jump, the most sales in a given year since we started these letters.

There are 12 parcels of land currently on the market and there were only two land sales in Warren in the past year.

Your neighborhood had five residential sales, up from just two last year!

Starting at 258 Kent Road, a former Eric Sloane home dating back to 1775 sadly became a bank foreclosure. This 1660 square foot antique was a cute home when we sold it in 2005 for $440,000. Then extensive remodeling including an addition of a second floor bedroom over the garage and combining two small bedrooms into one the colonial was transformed into a charming 3 bedroom 3 bath home on 4 acres. Coupled with a large barn (with old apartment and fireplace) this renovated home was worth around $700,000 pre 2008. Unfortunately due to economics it was subsequently abandoned and developed water leaks, serious black mold and significant rot. It sold after 4 years on the market and in the hands of JP Morgan Bank for $168,000.

 74 Reed Road is a 3288 square foot colonial built in 2004 with 4 bedrooms and 2.5 baths built on 4.93 acres that sold after 3 years on the market in June for $395,000 down from its list price of $459,000.

At 45 Partridge Road a 1600 square foot high ranch with 3 bedrooms and 2.5 baths and a 3 car garage built in 2005 on 1.03 acres sold in July for $213,000.

144 Curtiss is a converted barn originally built in 1908 with an addition of over 3000 square feet, and newly finished 3
bedrooms and 3 baths on 3.4 acres with heated gunite pool. On the market for 4 years listed at $1,095,000 it sold in December for $850,000

218 Lake Road is a 1660 square foot ranch with 2 bedrooms and 2 baths built in 1972
on 2 acres. Listed in May for $178,000 and sold in July for $178,000. This one was well priced and went fast.

We have a beautiful 53 acre parcel for sale on Above All Road for $324,000. It has long road frontage, sub-division potential and mature trees of timber quality. With potential views and two brooks this is a great investment parcel or estate site.

All of the current MLS listings can be seen on our website www.bainrealestate.com .

Plus your entire past inventory of neighborhood letters and maps are archived there at (Neighborhood Sold Stats). I encourage you to visit our site with information about listings, recent sales and our towns. There is also a way to get direct email posting of new listings as they hit the market.

I am also happy to tell you for the eleventh year in a row we have been the leading broker in Kent, Cornwall and Sharon with more listings and sales than any other broker. We are also top ranked in Warren thanks to your support.

We again received to 2 separate recognitions for our work in 2014:

• US Commerce Association designated us " Best of Kent in 2011-14"
• Connecticut Magazine survey " Highest in Overall Satisfaction"

Both are titles that we work hard for and cherish. So if you know anyone thinking of selling their property, we would like the opportunity to talk to them about our marketing. Thanks. I'll write again in a year to let you know what's happened.

Respectfully,

David Bain

Chris Garrity

And the rest of our associates:

Kent: Toni Soule, Debbie Bain, Marilyn DeVos, Eve Iselin, Scott Harvey, Dave Fairty

Cornwall: Priscilla Pavel, Rick Meehan, Heidi Kearns

Sharon: Jennifer Luning, Michele Pastre, Drew Holland, David Almquist

         This graph shows the number of successful transactions

          in our key towns of Cornwall, Kent and Sharon in 2014

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