Bain Real Estate - Market Update
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1
Bain Real Estate Kent Village 2015 September Market Report
PLEASE CLICK HERE TO SEE THE MAP.
Dear Neighbor, 
The autumn morning cool has set in and is a nice relief to the warmth and dryness of summer. Leaf peeping season is upon us and the village center will be bustling much like the real estate market this past year.
So, its time again for our annual neighborhood real estate report detailing the real estate activity in the last 12 months in the village of Kent on the residential, condominiums and commercial properties. In Kent here are the listings broken down into their categories:
73 residences
6 condominiums
19 commercial – 9 of which are in the...
1
Bain Real Estate Sharon Silver Lake September 2015 Market Report
PLEASE CLICK HERE TO SEE THE MAP.
Dear Neighbor,
Summer is fading so it’s our time to reflect on the real estate market over the previous 12 months and how it has fared nationally, regionally, town wide and even down to your neighborhood.
Nationally the main urban centers are doing quite well. They are the drivers of the economy and by extension real estate sales. In Connecticut we are seeing a stable market with sales reflecting national trends. Foreclosures are ebbing from the historical highs of only a few years ago. The local real estate market was strong in the first quarter of 2015 but quickly evaporated during the summer months. Yet the data shows that the last 12 months has been a bit stronger than the previous in Sharon. In the last 365 days there have been 49 sales transactions in Sharon four more than the year prior. As one can see the average sales price has decreased slightly and yet the average square foot price has increased. To provide perspective in 2011 there were 43 sales and in 2012 there were 37 home sales transactions.
|
Closed (45) Sharon Sept. 9, 2013- Sept. 9, 2014 |
||||||||||
|
|
|
Bed |
Bath |
SqFt |
List Price |
LP$/SqFt |
Sale Price |
SP$/SqFt |
SP/LP |
Days |
|
Min |
1 |
1 |
644 |
$109,900 |
$85.71 |
$50,000 |
$53.23 |
.43478 |
4 |
|
|
Max |
9 |
6 |
1,205 |
$6,650,000 |
$954.8 |
$6,137,500 |
$764.67 |
1.03139 |
689 |
|
|
Avg |
3 |
3 |
2,659 |
$793,931 |
$242.6 |
$698,105 |
$213.07 |
.87804 |
183 |
|
|
Median |
3 |
3 |
2,316 |
$499,000 |
$208.7 |
$453,750 |
$182.45 |
.90476 |
149 |
|
|
Sum |
|
|
|
$35,726,900 |
|
$31,414,719 |
|
|
|
|
|
Closed (49) Sharon Sept. 9, 2014- Sept. 9, 2015 |
||||||||||
|
|
|
Beds |
Baths |
SqFt |
List Price |
LP$/SqFt |
Sale Price |
SP$/SqFt |
SP/LP |
Days |
|
Min |
|
|
576 |
$50,000 |
$28.50 |
$40,000 |
$27.12 |
.58632 |
|
|
|
Max |
6 |
6 |
6,469 |
$3,950,000 |
$1,562.50 |
$3,400,000 |
$1,500.00 |
1.22839 |
931 |
|
|
Avg |
3 |
2 |
2,415 |
$745,108 |
$264.57 |
$654,166 |
$235.68 |
.89503 |
186 |
|
|
Median |
3 |
2 |
2,016 |
$299,000 |
$193.83 |
$280,000 |
$173.61 |
.8952 |
130 |
|
|
Sum |
|
|
|
$36,510,300 |
|
$32,054,150 |
|
|
|
|
Here is what has happened in your neighborhood.
The lake was beautiful this summer and active certainly at the Town’s lakefront. My daughter Hazel was a lifeguard and enjoyed working at the beach.
Not far from the beach 39 Minneluta Trail recently sold for $83,500. This 672 sq. ft. home with an enclosed porch has 2 bedrooms and one bathroom. The year round home is sited on .69 acres of land.
Down on the south side of the lake we were also busy. Drew Holland, my associate, assisted the buyers of 50 Highland Road. This home was bank owned and in fairly good repair with a new roof and painted interior. The home was built in 1987 and has nearly 1300 sq. ft. with four bedrooms and two full bathrooms. The house is sited on .17 acres and has a nice yard. It closed at $160,000.
134 Cedar Road is listed with us. This starter needs tender love and attention but has a large lot of .80 acres with a garage and tons of potential. There are 2 bedrooms and one bathroom in this 716 sq. ft. home built in 1974. It is listed for $95,000.
Another affordable home recently sold. 55 Douglas Road sold for $40,000. Requiring considerable renovation, this cute cottage has a nice yard and two bedrooms, one bath in 567 sq.ft. The kitchen has been updated and the price was right.
Ethan Watt, our newest agent and Sharon native, just listed 5 Cedar Road for $179,900.
This is a really nice log cabin built in 1990. This home is in immaculate condition. There are two bedrooms plus a loft room as well as a nice bathroom. The open kitchen living room has 15 foot ceilings. A large wrap around deck is accessed from the sliding glass doors off the kitchen. Pellet stove keeps the place warm. There is a full basement that can be finished. Two barns and a large open yard are featured outside on the .46 acre lot.
To provide you with more information these letters are archived on our website: www.bainrealestate.com. Look for “Neighborhood Sold Stats” on the home page. There you will find other Sharon neighborhood letters. We have also added all the houses for sale in Sharon and surrounding towns that are in the MLS system to our website! This means that you need only to go to our site to find any and all the properties in your neighborhood, Sharon or the fourteen towns we serve. We have also added videos to our site to improve and sharpen the marketing of homes. Video is the medium our customers are used to so we are on the cutting edge and the only ones using them in the area. Please check them out! If you have any questions, give us a call and we’ll let you know about properties in the neighborhood! And until then be well and enjoy the onset of autumn.
Respectfully,
Chris Garrity
David Bain
& the Sharon office- Jen Luning, Michele Pastre, Joanie Yahn, Ethan Watt & David Almquist
Please note that not all listings and sales transactions are through David Bain Real Estate
This graph shows the number of successful transactions
in our key towns of Cornwall, Kent and Sharon in 2014
1
Bain Real Estate Merryall 2015 May Market Report
PLEASE CLICK HERE TO SEE THE MAP.
Dear Neighbor,
Well, it's time for the annual check up on what's going on in the neighborhood and beyond. It's was a brutal winter, and not much happened in real estate during the snow and cold, but I am happy to tell you as the weather warmed in April and May the buyers have come back and a number of properties throughout Litchfield County have found their buyers and gone into contract, some with multiple bids. Most of these haven't yet closed, so you will have to wait until next year to read the results. But I think it will be a busy spring and early summer.
While on the national scene real estate i...
1
Bain Real Estate Northern Merryall 2015 May Market Report
PLEASE CLICK HERE TO SEE THE MAP.
Dear Neighbor,
Well, it's time for the annual check up on what's going on in the neighborhood and beyond. It's been a brutal winter, and not much happened in real estate during the snow and cold, but I am happy to tell you as the weather warmed in April and May the buyers have came back and a number of properties throughout Litchfield County have found their buyers and gone into contract, some with multiple bids. Most of these haven't yet closed, so you will have to wait until next year to read the results. But I think it will be a busy spring and early summer.
This past year in all of...
1
Bain Real Estate Merryall Long Mountain 2015 May Market Report
PLEASE CLICK HERE TO SEE THE MAP.
Dear Neighbor,
We welcome May!! What a winter it has been. I'm glad to see the sudden burst of green and early tulips and late daffodils together! Nice.
With the warm weather things have definitely picked up. Nationally the growth of values in many regions is palpable. The Northeast has been slower than other parts of the country and locally the values are tightening. Locally, the selling time has dropped to 6 months (5-7 months indicates a normal market). And we at Bain have had another productive year with strong sales, so thank you.
In all of New Milford there are cu...