Posts from October 29th, 2018
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Bain Real Estate Upper End 2018 October Market Report.
Bain Real Estate Upper End 2018 October Market Report.
Dear Neighbor,
It's time to look at the past year to see what happened to the upper end market (sales over 1 million dollars). This letter is an update of the activity between October 1, 2017 and today within the context of the 11 towns we service in Northwest Connecticut. There are a lot of statistics, but they do provide us with instructive perspective about the market.
The first table shows the number of sold properties over $1M from 2005 to today! The market is strong even though there are still 207 properties over the $1M mark that have not yet sold. Note the average sale price continues to grow and the average days on market is down by almost nearly 2 months.
Here's some perspective over the last 13 years for the upper end market in the 11 towns we serve:*