Bain Real Estate - Market Update

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Dear Neighbor,

Each summer we take stock of how the previous 12 months of the real estate market have fared nationally, regionally, town wide and even down to your neighborhood.

While the last quarter traditionally maintains strong sales, this third quarter reflection is a good barometer to measure the health of the market.

Nationally we are seeing the high growth areas, primarily the major cities, booming as foreign money and urban renewal are stoking value increases. However, there has been slippage in markets that had a considerable amount of...

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PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

Each September we take stock of how the previous 12 months of the real estate market have fared nationally, regionally, town wide and even down to your neighborhood.

While the last quarter traditionally maintains strong sales, this third quarter reflection is a good barometer to measure the health of the market.

Nationally we are seeing the high growth areas, primarily the major cities, booming as foreign money and urban renewal are stoking value increases. However, in markets that have had a considerable amount of distressed properties there is still...

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PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

Well, Memorial Day is upon us again and I hope your summer plans are in place. It’s been a long hard winter and we deserve these spring luscious days! The market is improving as well with prices firming up and more traffic coming in through our doors!

The activity in your neighborhood this past year (May to May) has been slower than last year (4 sales as opposed to 10), but I think this maybe the calm before the storm and predict a robust summer and fall.

Let’s take a look at what happened.

Starting up at 32 Bridle Road, a 2170 square foot colonial with 4 bedrooms and 2.5 baths built in 1982 on .92 acres sold quickly in 58 days in June for $224,175, down from its list price of $245,000. This...

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Dear Neighbor,

This is the 13^th year we have written a letter to tell you what’s happened in real estate in your neighborhood this last year. We really are coming out of “the great recession.” Buyers have been out, taking advantage of low prices and low interest rates and are out in greater numbers. And we think it’s going to be a good Summer. Last year there were 6 sales in the neighborhood, down from 9 the previous year. We expect the numbers will be up in next year’s letter!

 So far this past year selling times have dropped to un...

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Dear Neighbor,

We welcome May!! What a winter it has been. I’m glad to be writing this 13th annual letter about the activity in your neighborhood. Then I get to get into the garden!

Things are definitely picking up. So far this past year selling times have dropped to under 6 months. There has been a 14% growth in Litchfield County transactions in 2013 and a 17% growth in dollar sales while appreciation rates are relatively level. We at Bain have had another successful year, out producing our competition in our service area.

Here is the neighborhood volume from the ha...

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