Posts from March 2019

Bain Real Estate Westwoods 2019 March Market Report.

Dear Neighbor,

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Our Litchfield County's real estate market has grown nicely since the Great Recession ten years past. As the economy has strengthened buyer confidence has in turn responded positively. So, growth has ensued. Hence in 2016, we saw 58 sales in Sharon and in 2017 we had 50. We had 47 sales transactions in Sharon in the last 12 months and the drop might be attributable to declining listing levels as there are now only 62 listings available. 

Weekend buyers are seeking affordable housing opportunities with a keen intent on not over-investing in a house that gets limited use.  Sellers who have over-invested in their homes in the last 10 y...

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Bain Real Estate Cornwall Cream Hill 2019 Market Report.

Dear Neighbor,

PLEASE CLICK HERE TO SEE THE MAP

Litchfield County's real estate market has strengthened nicely since the Great Recession, ten years past. As the economy has improved buyer confidence has in turn responded positively and thus growth has ensued.

So, how come we had 25 sales in 2017 and yet only 16 sales transactions in Cornwall in the last 12 months?  While it may appear as a weakening market the drop is attributable to declining listing levels.  With fewer homes available some buyers are reacting to the lack of inventory by pausing.  But if there is a scarcity of homes available, the market forces will raise values more hurting those who are on the sidelines....

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