Bain Real Estate - Market Update

Bain Real Estate Studio Hill and The Cobble 2018 October Market Report.

Dear Neighbor,

PLEASE CLICK HERE TO SEE THE MAP.

Have we reached equilibrium between buyers and seller after 10 years?   From the bottom of the market to today there has been a slow, arduous climb of local real estate values.  In the ensuing ten years values have improved with buyers returning to the market; returning however with a tempered desire to purchase. Sellers in turn reacted by lowering asking prices making it more appealing to the buyers. So, growth has ensued.  A cautionary approach should be taken however, as daily the volatile swings in the world and nation have direct impact on buyers' confidence.

2006 was arguably th...

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Bain Real Estate Upper End 2018 October Market Report.

Dear Neighbor,

It's time to look at the past year to see what happened to the upper end market (sales over 1 million dollars).  This letter is an update of the activity between October 1, 2017 and today within the context of the 11 towns we service in Northwest Connecticut. There are a lot of statistics, but they do provide us with instructive perspective about the market. 

The first table shows the number of sold properties over $1M from 2005 to today!  The market is strong even though there are still 207 properties over the $1M mark that have not yet sold.  Note the average sale price continues to grow and the average days on market is down by almost nearly 2 months.

Here's some perspective over the last 13 years for the upper end market in the 11 towns we serve:*

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Bain Real Estate 2018 October Kent Segar Mountain Market Report.

PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

Have we reached equilibrium between buyers and seller after 10 years?  From the bottom of the market to today there has been a slow, arduous climb of local real estate values.  In the ensuing ten years values have improved with buyers returning to the market; returning however with a tempered desire to purchase. Sellers in turn reacted by lowering asking prices making it more appealing to the buyers. So, growth has ensued. 

2006 was arguably the peak of the market prior to the Great Recession. Below is the data from 2006 showing an average sales price of $475,000 (rounded) on 53 sales? The second...

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Bain Real Estate 2017 November Upper End Market Report.

Dear Neighbor,

It's time to look at the past year to see what happened to the upper end market.  This letter is an update of the activity between October 1, 2016 and today within the context of the 11 towns we service in Northwest Connecticut. There are a lot of statistics, but they do tell us things about the market. 

The first table shows the number of sold properties over $1M is the highest since 2007!  All in all the market is strong even though there are still 203 properties over the $1M mark that have not yet sold.  Note the average sale price is up 2% but the average days on market is up by 41 days.

Here's some perspective over the last 14 years for the upper end market in the 11 towns we serve.

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Bain Real Estate North Kent and Brookwoods 2018 October Market Report.

PLEASE CLICK HERE TO SEE THE MAP

PLEASE CLICK HERE TO SEE THE MAP

Have we reached equilibrium between buyers and seller after 10 years?   From the bottom of the market to today there has been a slow, arduous climb of local real estate values.  In the ensuing ten years values have improved with buyers returning to the market; returning however with a tempered desire to purchase. Sellers in turn reacted by lowering ask...

Click Here to Read More...