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Date Archives: August 31st, 2022

Bain Real Estate - Market Update Home

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August
31

 

Dear Neighbor,

Real estate sales during the last two years have outstripped houses available for sale resulting in a dearth of listings for people desirous of moving to Kent.

Because of this imbalance we have some buyers and sellers on the sidelines waiting.  Waiting for what is the question.  The idea that the market will be flush with listings soon is not realistic. That said with the confluence of inflation, lack of inventory, increased mortgage rates, and Covid concerns waning, there is a slight pause occurring in the market.  Hopefully, this breather will allow some restocking of houses and a more balanced market.

Kent registered 46 sales in the last 12 months. This is 34 fewer home sales than in 2021. This dramatic drop is not due ­­to a lack of interest, but lack of inventory.  Ther­­e are 4 homes in contract presently and only 13 available to purchase. Despite fewer listings, purchasing desire is strong, sales are brisk and competition is fierce.  Here is what has transpired:

40 Highland Rd                                 10/19/2021                  $435,000

This 3 bedroom contemporary on 1.6 acres offers a covered front porch that frames the main entrance which opens to the front foyer and a deck off the kitchen can be used for outdoor dining. The house includes a formal dining room and an oversized living room with a main floor primary bedroom suite. Upstairs, two well-sized bedrooms share a full bath.

69 Mountain Rd                                3/8/2022                     $450,000

This was a private sale of a one-level ranch-style home measuring just over 1,000 sq. ft. of space. Built in 1981 this home sits on 26 acres and offers 3 bedrooms and 1.5 baths.

4 Eber Rd                                          9/10/2021                    $400,000

This home is a 3 bedroom, 2.5 bath with modern amenities and natural rock outcroppings making for a unique landscape. The home has a new kitchen including granite counters and lighting, plus a new roof added less than a year ago. Upgrades include new septic in 2008, an electric upgrade, a new water pump & holding tank in 2007. Additionally, it comes with two decks and a screened porch that overlook Hatch Pond.

3 Camp Flats Rd                               3/30/2022                    $1,095,000

Stone pillars flank the driveway entrance to this 1800's converted antique dairy barn. With 4 bedrooms and 3.5 bathrooms, this 4500 sq. ft. house has antique beams, wood floors and a stone fireplace.  An in-law or guest apartment can be kept as is or incorporated into the main living spaces. The 7 acres are park-like with mature gardens and beautiful trees. The pond is fed by a free running stream and the back terrace overlooks the in-ground, gunite pool.

310 S. Kent Rd                                  1/28/2021                    $433,000

A 2,500 sq. ft. colonial with 5 bedrooms and 3 baths sold privately.  The house maintains a corner lot of .42 acres.

315 S. Kent Rd                                  2/2/2022                      $155,000

This one-level 3 bed, 2 full baths Cape Cod style home sits on a 1 acre lot was built in the 1940's and has over 1,700 sq. ft. of living space. The large living room has built-in cabinets, bay window, and hardwood floors. The kitchen opens to a beautiful bluestone patio.

10 Lafontan Rd                                 8/9/2021                      $485,000

My partner David Bain sold this well-maintained, 3 bedroom home built in 1990. Located on a private 1.5+ acres the home has over 2,200 sq. ft. of space. The living room is highlighted by post-and-beam ceilings and hardwood floors. The kitchen includes custom cherry cabinetry, a soapstone sink, countertops, a maple butcher-block island, and is finished with stainless steel appliances. The finished lower level includes a media room with a wood stove, guest bedroom with a full bath, and a home office. There is a custom 20x16 barn installed by a local craftsman from locally sourced white pine.

9 Old Stone Rd                                  1/27/2022                    $500,000

A neighbor purchased 7.46 acres of land in a direct sale.

188 Bulls Bridge Rd                          3/23/2022                    $306,000

A 3 bedroom home built in 1965 sold entailing 3 bedroom, 1 full and 2-half bathrooms in 1,248 sq. ft. of space. The dining area opens to the kitchen and a doorway beyond leads to a spacious screened-in porch. The 1 car garage can easily be converted back into a 2 car garage. Potential living space on the lower level includes a large heated room with a fireplace, and an additional room with a half bath. Set well off the road, this level lot is just under an acre of land.  

184 Bulls Bridge Rd                          8/2/2021                      $335,000

This 1800's upgraded farmhouse home has 2 bedrooms and 1 bathroom. There is a generously sized eat-in kitchen with granite counter tops and exposed wood beams. The house has hardwood floors throughout and plenty of storage. The level .49 acre lot offers outdoor entertaining. A new roof and new septic were installed in 2015.

171 Bulls Bridge Rd                          10/4/2021                    $1,250,000

Sited on 5 acres, this custom 4 bedroom Colonial offers sunset views to the west.  Built in 2003 this 3,200 sq. ft. modular home includes a heated in-ground pool, spa, and 3-bay garage. The walk-out lower level could be finished into a home office or gym. There are solar panels on the roof generating considerable energy.

 

We hope you are well and keep strong spirits. We feel so fortunate to be here, continuing working and thriving in this very curious time. Thank you.

And if you are considering selling this seems to be an unprecedented time to capitalize. Call us for a free assessment of your house, office or condo. Or stop by the office or visit our website at www.bainrealestate.com. 

All the best!


Chris Garrity                                                        

Chris Garrity & Associates-David Bain, Debbie Bain, Toni Soule, Erin Hull, Amy Danis, Amy Longley, Elisa Waysenson & Heidi Kearns

 

Please note that not all listings and sales transactions are through David Bain Real Estate

 

August
31

 

Dear Neighbor,

Summer of '22 is upon us and we are all attempting to get back to pre-pandemic days. Sales during the last two years have outstripped available houses for sale resulting in a dearth of listings available for people desirous of moving to Kent.

Because of this imbalance we are seeing some buyers and sellers on the sidelines waiting.  Waiting for what is the question.  The idea that the market will be flush with listings soon is not realistic. It is a seller's market, but one should sell only if one has a place to move.  We predict this new paradigm will be here for a number of years.

Kent registered 48 sales in the last 12 months. This is 34 fewer home sales than in the 2021. This dramatic drop is not due to lack of interest, but lack of inventory.  There are 10 homes in contract presently and only 8 available to purchase. Despite fewer listings, purchasing desire is strong, sales are brisk and competition is fierce.  Here is what has transpired:

19 Saint Johns Acres                         10/29/2021                  $895,000

Amy Longley of my firm sold this Mansard styled home on private 2.5 acres which abuts the 480 acre Housatonic Wildlife Management Area. There is 3500 sq ft of interior space which was architecturally remodeled in 2015. The expansive kitchen has modern lighting, free standing gas fireplace and state of the art appliances. A 50' x 20' saltwater pool and Jacuzzi spa is located just off the kitchen. The bookcase lined study has a wood-burning fireplace.  And a small living room opens to a private and sunny home office. There are 4 bedrooms and 3 full and 2 half bathrooms in the home.

6 Botsford Rd                                    1/2/2021                     $509,000

This updated 3 bedroom, 2 bathroom ranch has an open 3.14 acre plot that capitalizes on its southern exposure by employing solar panels for efficient energy use. The house was built in 1987 and has over 2100 sq. ft. with a large eat-in kitchen. The gathering room is more formal with a fireplace and wet bar. There are hardwood floors throughout the home as well. An expansive deck off the back of the home offers privacy and views.

18 Mauwee Brook Rd                       1/29/2021                    $860,000

A mountain brook flows through the one acre property of 18 Mauwee Brook that I sold. This 2300 sq. ft. 4 bedroom Cape style home is a solid dwelling with many creative details. Cherry flooring provides a warm accent to the home. A brick fireplace flanked by bookshelves, adorn the living room. The renovated kitchen has ample counter space and stainless appliances. The main suite is on the first floor. Three more bedrooms on the upper level are very large. There is a separate studio, plus a spacious game room with a half bathroom and laundry that leads to the pool.

65 Kent Cornwall Rd                       3/3/2021                      $228,000

Built in 1930 this 2 bedroom, 1 bathroom home has 837 sq ft of living space. Featuring a stone fireplace, screened in porch and cedar lined closets; the home has all the comforts. The house was renovated in 2009 with spray foam insulation, new sheet rock and new septic. Sited on a half acre the fenced in back yard has mature plantings and a nice lawn.

121 Kent Cornwall Rd                     4/11/2022                    $1,400,000

One of the early houses in Kent's Flanders section this Colonial is in good condition.  David Bain and I sold this stately 1814 home that offers 5 bedrooms and 4 bathrooms.  There are 4 fireplaces and antique floorboards, moldings and paneling.  Set on 1.2 acre surrounded by State land the setting is complete with pool, screened cottage and barn.

10 Pheasant Run Rd                         9/10/2021                    $500,000

This is a 2700 sq. ft. log home with one level.  With 3 bedrooms and 2 full bathrooms to the house, there are just over 2 acres of land off this private road. This was a private family sale.

 

69 Studio Hill Rd                               2/7/2022                      $850,000

Toni Soule and I sold this post and beam designed home that blends old world construction with modern sensibilities.  The home utilizes modern elements of expansive windows, open floor plan, soaring atrium-like ceilings with old world natural native stone, large timber frame with mortise and tenon construction.  It is both comfortable to reside as well as admire. Two massive native cherry post sentinels are practical in holding up the three story open room to the cupola above but also designed to add delineation of space in the open floor plan between the kitchen, dining area and living room. The stone fireplace is a focal point of the space while a modern woodstove adds a rustic touch. There are 3 bedrooms on the second level and a small office on the third floor. A 2009 addition is a made of a wood pegged truss design.  This space has a large bedroom/bath suite, complete kitchen and a useable loft. Stone walls outline the 2.5 acre property abutting miles of hiking trails in the Cobble Brook Preserve.

16 Cobble Ln                                     9/20/2021                    $1,567,000

This modern styled home includes 4 bedrooms, 3.5 baths plus an attached guest house. A long, private driveway leads to this 5200 sq. ft. home with over 5 acres. There is a screened porch, dining room and living room each with a fireplace, a kitchen, plus a bedroom suite on the main floor. The primary bedroom suite and 2 other bedrooms occupy the upper level. The separate guest house entails an expansive great room, bedroom, bath, kitchenette and library. There is also a private bonus room with full bath above the 2-car garage.

Lot 1 Cobble Rd                                10/22/2021                  $180,000

From this 5 acre perch along west side of Cobble road, a wooded building site offers views overlooking Weantinoge Heritage Land Trust's signature Cobble Brook Vista Preserve - a dramatic mosaic of grassland, meadow, and upland forest.

99A Cobble Rd                                  1/29/2021                    $795,000

Discreetly tucked well back from Cobble Rd, this 3 bedroom, 2.5-bath home has wonderful views across land trust fields. Built in 1983 with nearly 2100 sq. ft., the house features a main bedroom suite with vaulted ceilings. The house also boasts two fireplaces, one in the living room and the other in one of the 2 bedrooms upstairs. Set on 6.81 acres the property abuts the land trust on two sides.  

 

173 Cobble Ln/00 Segar Mtn Rd     2/16/2021                    $616,140

My partner David Bain sold this 2 bedroom and 2.5 bath home was built in 2002 sited to enjoy both pastoral views and abundant light. The kitchen has a center island, cherry cabinets, gas range and soapstone sink.  The living room has a wood burning fireplace and opens to a screened-in porch at the back of the house. The second floor has a spacious main bedroom and guest room. The property entails over 8 acres of open field and frontage on Cobble Brook.

 

 

We hope you are well and keep strong spirits. We feel so fortunate to be here, continuing working and thriving in this very curious time. Thank you.

And if you are considering selling this seems to be an unprecedented time to capitalize. Call us for a free assessment of your house, office or condo. Or stop by the office or visit our website at www.bainrealestate.com

All the best!


Chris Garrity                                                        

Chris Garrity & Associates-David Bain, Debbie Bain, Toni Soule, Erin Hull, Amy Danis, Amy Longley, Elisa Waysenson & Heidi Kearns

Please note that not all listings and sales transactions are through David Bain Real Estate

August
31

 

Dear Neighbor,

We are rebooting our informative neighborhood letters after having our office "closed" over the last 12 months. I say "closed" because as you likely know, the real estate market in Sharon and the county and the state and the world, went nuts. So, we've actually been quite "open".

In our 40 plus years of selling, we've never experienced a panic of this magnitude. People's fear of living in a densely packed city and the health crisis it triggered created a relocation flight decimating our inventory.  Today, Sharon has only 19 homes listed and values have surged to levels not seen in over 15 years.

A 15%-20% increase in home values is not uncommon and in some of the upper end homes we saw even higher escalations. Perfect example is a house I sold in Jan. 2019 for $645,000 and it came back on the market in July 2020 for $795,000 and sold for $810,000 within a few days. And there are some forecasts of another 15% increase in the next year.

There were __ sales in your neighborhood in the last year and 93 total sales in Sharon-30 more sales than in the pre-Covid era. For comparison there should be about 45 homes on the market.

Attached is a condensed version of what has sold in your neighborhood in the last year.

We hope you are well and keep strong spirits. We feel so fortunate to be here, continuing working and thriving in this very curious time. Thank you.

 

40 Robert Street        11/24/2021         $264,000

Move-in ready 1950's cottage with mid-century finishes. It is part of the Silver Lake Shores Community with access to lifeguarded beach and boat launch. The cottage has three bedrooms or two bedrooms with an office plus one full bath and one-half bath, both renovated. The kitchen retains original cabinets and cast iron sink with newer appliances and granite countertops. Open living/dining room with wood-burning fireplace and coffered ceiling. There are refinished wood floors throughout, a sizable wrap-around deck, full basement, and 2-car garage. Property is 1/8 of a mile from Silver Lake and close to the towns of Sharon, Millerton NY, and the Wassaic Train Station.

 

42 Bartram Road      12/7/2021           $247,000

 This renovated lake cottage is just 2 hours from NYC! Find your retreat next to Mudge Pond with its private beach & boat lunch for kayaking & fishing. Renovated by its current owner, this adorable cottage has been updated top to bottom & is move-in ready & can be delivered furnished, just in time for you to enjoy the holidays. The most recent upgrades include: furnace, flooring, insulation, hot water heater, gas fireplace, new appliances, washer, dryer &, fast internet connection. This property is unique as it is one of the few homes on Bartram Road with views of Mudge Pond. The home is cozy & comfortable with dining room, kitchen, and complete with island, new appliances. There is plenty of storage, living room with a gas fireplace, & a small den that would fit a twin bed for guests or an office. The loft area in the attic can be transformed to additional seating area or a yoga room. Located close to Lime Rock Park, Hotchkiss, Salisbury, & IMS, skiing, hiking, antiquing, & all of the cultural art & music activities the southern Berkshires has to offer & just 10 min from Wassaic Train Station.

 

104 Cedar Road        8/18/2021        $350,000

This retreat is just steps to Mudge Pond with its private beach and boat lunch for kayaking and fishing. The property features a back patio surrounded by mature landscaping or with four bedrooms, a full kitchen and dining, and a surround sound system. This home has been meticulously renovated by the current owners and is completely turn-key. It has everything for entertaining and comfortable living and all the amenities for either a full-time residence or a weekend home, with room for work from home and extra space for a home gym, and also features fantastic light and sunset views with central heat and AC. Landscaping is professionally maintained. Leased solar panels and propane heat for energy efficiency. Features a full house generator hook up, a two-bay garage with radiant heat is the ultimate dream for a car enthusiast, features a loft, and could be transformed into a fantastic party barn for the entertainer.

 

143 Cedar Road                   10/01/2021       $330,000

This home contains three bedrooms, two and a half bath house with solar, central air, heated swimming pool, Jacuzzi, small greenhouse, fruit trees, barn, large back yard and access rights to Mudge Pond. All the amenities of a summer camp are offered in the property. And it looks like a bumper year for the fruit trees!

104 Bartram Road    5/4/2021      $705,000  -
This Fannie Mae Cape cod home has great potential in this very quiet location. The home has hardwood flooring, sky lights in the bedrooms, large rooms with a full bath on both floors, 2 car garage and a walk out basement.

The market is still very brisk with only 19 homes listed in all of Sharon and 16 homes in contract to sell.  For those considering selling, it's the perfect time. We only caution that you have a place to relocate to.  So if we can assist, call us, stop by the office or visit our website at www.bainrealestate.com.  Lastly, we are able to send this letter out digitally, so email us and we will add you to the list.

Have a Safe and Healthy Summer!

Chris Garrity

David Bain & Associates-Toni Soule, Debbie Bain, Erin Hull, Amy Danis, Amy Longley,

 Heidi Kearns, Victoria Colombatto and Elisa Waysenson.

Please note that not all listings and sales transactions are through David Bain Real Estate