Posts from December 23rd, 2019
Bain Real Estate - Market Update
RSS Feed
RSS Feed
- 2022 | 18 Posts
- 2020 | 4 Posts
- 2019 | 24 Posts
- 2018 | 28 Posts
- 2017 | 9 Posts
- 2016 | 18 Posts
- 2015 | 29 Posts
- 2014 | 16 Posts
Bulls Bridge | 4 Posts
Cornwall Bridge | 6 Posts
Cornwall Hollow | 4 Posts
Cornwall Village | 4 Posts
Cream Hill | 5 Posts
East Cornwall | 5 Posts
East Warren | 5 Posts
Ellsworth | 5 Posts
Kent Hollow | 4 Posts
Kent Village | 4 Posts
Long Mountain | 2 Posts
Merryall | 2 Posts
Mid Cornwall | 5 Posts
Mudge Pond | 5 Posts
North Kent & Brookwoods | 5 Posts
Northern Merryall | 2 Posts
Northwest Warren | 4 Posts
Route 7 South | 3 Posts
Segar Mountain | 6 Posts
Sharon Cornwall Bridge | 3 Posts
Sharon Mountain | 4 Posts
Sharon Village | 5 Posts
Sharon-West Cornwall | 2 Posts
Silver Lake | 5 Posts
Skiff Mountain | 4 Posts
South Kent | 3 Posts
Spectacle Lakes | 5 Posts
The Cobble and Studio Hill | 5 Posts
Upper End Market | 5 Posts
Waramaug | 5 Posts
West Cornwall | 7 Posts
West Warren | 5 Posts
Westwoods | 4 Posts
White Hollow | 4 Posts
December
23
23
Bain Real Estate 2019 December Segar Mountain Market Report.
Bain Real Estate 2019 December Segar Mountain Market Report.
PLEASE CLICK HERE TO SEE THE MAP
Dear Neighbor,
December provides a review of how Kent's real estate values have unfolded. Little has changed from 2018 to 2019 with 49 closings in 2018 and 51 sales this year. A surprising statistic is the significant reduction in inventory. Listing inventory is down 15% YTY. There are only 39 homes available. What are the implications? Market constriction will likely bolster house values and make land, which has yet to recover from the 2006 recession, more intriguing.
Nearly 60% of Kent sales this year have been below $400K. The $400K-$1MM range earned 30% of the market transactions while 10% (5 sales) trans...