Bain Real Estate Kent Hollow 2019 May Market Report
Litchfield County's real estate market has strengthened 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 2017, we saw 36 sales in Kent and in 2018 we had 49 and in the first quarter of 2019 we are even with 1st quarter 2018. A cautionary approach is advised, however, as the local, state, national and even global issues affect consumer confidence and the winds could blow in a different direction tomorrow!
In fact, we are seeing this sentiment manifest on the upper end of the value spectrum, as the sales have not been as brisk with downward pressure on houses over $1MM. This past year Kent had only 4 sales over $1MM or less than one percent of the all sales. This issue is not solely a Litchfield County concern as we see this depreciation of the upper end of the market in other areas of the state as well.
Listing levels have been constricting with 40 currently available, and the question to be seen is whether scarcity solidifies prices or will buyers continue to wait. On a positive note, there are 8 home sales in contract to sell presently!
Here it is what has transpired in your neighborhood in the last 12 months.
20 Kent Hollow Rd. Closed $380,000.
Originally built in the 18th century, this Cape Cod home has cathedral ceilings in the great room and a large screened porch. The kitchen is totally remodeled and overlooks the dining room with its fireplace. There is a study with another fireplace, and 2 bedrooms and full baths all with old floor boards. Private and picturesque home has an in-ground pool tucked away. It was on the market for only 23 days.
81 Upper Kent Hollow Rd. Closed $515,000
38 acres of mature woodland abutting 270 acres of land trust, along a tumbling trout brook with a 30' waterfall running through its middle. There is a 2 bedroom log home with fieldstone fireplace in a spacious living room and two remodeled bathrooms. There is a long view to the south, enjoyed from the dining alcove and the deck.
115 Kent Hollow Road Closed $156,000.
Bank owned raised ranch with 3 bedrooms, 1.5 baths and a partially finished walkout basement. Two tier deck overlooking private 1.08 acres. In-ground swimming pool and cabana included. Property and house needed some upgrades.
53 Anderson Acres Closed $275,000
This charming cottage on 5 acres has views to Lake Waramaug. There is one bedroom, one bath, and an enclosed sun porch in this 592 sq. ft. home built in 1963. This property had been on the public market for $295,000 in 2016 but was sold privately a year later.
23 Kane Mountain Rd. Closed $2,000,000.
On 84.37 acres up a 1/2-mile private road, is this 3,500 sq/ft home on a high plateau with privacy with mountain views. Equipped with modern amenities & design this 4-BR 3.5-bath home has bright, open living space with wide plank oak flooring, beamed ceilings, gourmet kitchen and 5 stone FPs. A stone loggia overlooks a gunite pool. A Civil War-era cabin doubles as a pool cabana or a guesthouse and has a fireplace, kitchen, bath, sleeping loft, & covered porch. Plus a greenhouse, 2-stall horse barn & 6-bay garage.
11 Kane Mountain Rd. Closed $523,750.
Hillside country home with southeast views on over 9 acres has a living room featuring a field 20 foot high stone fireplace, vaulted ceiling and hardwood floors. There is a dining room with another stone fireplace and hardwood floors. The kitchen has granite counters, island and stainless steel appliances. There are 4 bedrooms with one master suite.
108 Anderson Rd. Closed $900,000.
1970's contemporary on a private 24 acre field with views of meadows, the pond, and mountains beyond. The open floor plan offers a great room, dining area and kitchen in a 4500 sq. ft. home with 4 bedrooms. A great room with beams and a brick fireplace opens to the screened-in porch. The dining area leads to a large open deck overlooking the pond. The main floor master offers a private bath and walk-in closet. Perennial plantings and flowering fruit trees and the pond is stocked with sunfish and smallmouth bass.
324 Kent Hollow Rd. For Sale $550,000.
Just listed is this 2 bedroom country home on a very private 10 acre parcel. The 1968 home has nearly 1500 sq. ft. house a small kitchen and a living room with a fireplace and large sliders to a deck and the views beyond.
Kent Hollow Rd. For Sale $150,000.
17 acres of land with a small knoll for a building site has considerable wetlands. Teeming with wildlife and offering long southern views this proprty has yet to be tested for septic system.
373 Kent Hollow Rd. Closed $305,000.
This five acre property with western views of distant mountains is set atop an open meadow, with driveway, drainage and conduit for utilities all in place in preparation to build a 3,500 square foot five bedroom home along with an approved septic plan completed by current owner.
There are other offerings on the market and if interested call us, stop by the office or visit our website at www.bainrealestate.com. One can find not only listings and sales but also this letter and all other Kent neighborhood letters archived on our site too. And if you wish to follow our blog for new listings, sales and other interesting real estate tidbits join up from our website. Cheers!
David Bain & Associates
Toni Soule, Marilyn DeVos, David Hurlburt, Karen Grimaldi, Priscilla and Asher Pavel
Please note that not all listings and sales transactions are through David Bain Real Estate