Posts from January 11th, 2020
Bain Real Estate - Market Update
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January
11
11
Bain Real Estate 2020 January Studio Hill and Cobble Market Report.
Bain Real Estate 2020 January Studio Hill and Cobble Market Report.
PLEASE CLICK HERE TO SEE THE MAP.
Dear Neighbor,
The New Year provides a review of how Kent's real estate values have unfolded in 2019. Little has changed from 2018 with 49 closings and 53 sales in 2019. A surprising statistic is the significant reduction in inventory. Listing inventory is down over 15% YTY. There are only 33 homes available. What are the implications? We think that market constriction will likely bolster house values and make land, which has yet to recover from the 2006 recession, all the more intriguing.
Nearly 60% of Kent sales in 2019 were below $400K. The $400K-$1MM range earned 30% of the marke...