Posts from October 18th, 2018

Bain Real Estate 2018 October Kent Segar Mountain Market Report.

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Dear Neighbor,

Have we reached equilibrium between buyers and seller after 10 years?  From the bottom of the market to today there has been a slow, arduous climb of local real estate values.  In the ensuing ten years values have improved with buyers returning to the market; returning however with a tempered desire to purchase. Sellers in turn reacted by lowering asking prices making it more appealing to the buyers. So, growth has ensued. 

2006 was arguably the peak of the market prior to the Great Recession. Below is the data from 2006 showing an average sales price of $475,000 (rounded) on 53 sales? The second...

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Bain Real Estate 2017 November Upper End Market Report.

Dear Neighbor,

It's time to look at the past year to see what happened to the upper end market.  This letter is an update of the activity between October 1, 2016 and today within the context of the 11 towns we service in Northwest Connecticut. There are a lot of statistics, but they do tell us things about the market. 

The first table shows the number of sold properties over $1M is the highest since 2007!  All in all the market is strong even though there are still 203 properties over the $1M mark that have not yet sold.  Note the average sale price is up 2% but the average days on market is up by 41 days.

Here's some perspective over the last 14 years for the upper end market in the 11 towns we serve.

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