Posts made by author 'Chris Garrity'

Dear Neighbor,

We, like all of you, are attempting to get back to "normal".  In that spirit, we have resumed our neighborhood letters with hopes of keeping you informed on local sales, offerings and trends.

Like elsewhere, the pandemic unleashed the flight to Kent, swelling our schools, dwindling our housing inventory and pushing our values.  The result is a market with only 9 homes and 9 land parcels available where normally 45-50 should be for sale. The flip side is the 20%-30% increase in values has seller's buoyant and buyers scrambling. Rents have soared as well.

All of this has some buyers and sellers on the sidelines waiting.  Waiting for what is the question?  The idea that the market will be flush with listing soon is not realistic. It is a seller's market. And we predict this new paradigm will be here for a number of years.

There have been 4 sales in your neighborhood. Kent's 53 annual sales are 30 less than last year.  Inventory deplet...

Click Here to Read More...

Dear Neighbor,

We, like all of you, are attempting to get back to "normal".  In that spirit, we have resumed our neighborhood letters with hopes of keeping you informed on local sales, offerings and trends.

Like elsewhere, the pandemic unleashed the flight to Kent, swelling our schools, dwindling our housing inventory and pushing our values.  The result is a market with only 12 homes available where normally 35-40 should be for sale. And only 11 parcels of land offered. The flip side is the 20%-30% increase in values has seller's buoyant and buyers scrambling. Rents have soared as well.

All of this has some buyers and sellers on the sidelines waiting.  Waiting for what is the question?  The idea that the market will be flush with listing soon is not realistic. It is a seller's market. And we predict this new paradigm will be here for a number of years.

There have been 11 sales in your neighborhood in the last year-8 in Brookwoods. Kent's...

Click Here to Read More...

Bain Real Estate Sharon Village February 2020 Market Report.

PLEASE CLICK HERE TO SEE THE MAP

Dear Neighbor,

February 2020 provides a proper perspective of how Sharon's real estate values unfolded in 2019.  A slight uptick in sales occurred from 46 closings in 2018, to 49 sales in 2019.  A more surprising statistic, however, is the 60% reduction in inventory over 5 years.  Listing inventory is down to only 44 houses available in comparison to the nearly 75 listings in 2015.  What are the implications?  We think that this market constriction will likely bolster house values even further and make land that much more attractive, which has yet to recover from the 2008 recession, making the market all the more intriguing. 

Click Here to Read More...

Bain Real Estate 2019 November Mudge Pond Market Report.

Dear Neighbor,

PLEASE CLICK HERE TO SEE THE MAP

The market is healthy and vibrant, depending on how your house is priced! Yes, sales are up from 10 years ago in the midst of the Great Recession when we saw only 20 sales.  There were 49 sales that have transpired in the last 12 months. The average day on market is also lower than those trying to sell in 2009.

That said, the average buyer's motivation to purchase is mercurial. Why? Take your pick-the economy, millennial attitudes, or an older housing stock? It matters little. What matters is pricing your house properly to find a buyer.

In fact, in 2009 of the 20 houses that sold 14 of them had at least one sign...

Click Here to Read More...

Bain Real Estate 2019 November Cornwall Bridge Market Report

PLEASE CLICK  HERE TO SEE THE MAP

Dear Neighbor,

The market is healthy and vibrant, depending on how your house is priced! Yes, sales are up from 10 years ago in the midst of the Great Recession when we saw only 20 sales.  There were 49 sales that have transpired in the last 12 months. The average day on market is also lower than those trying to sell in 2009. That said, the average buyer's motivation to purchase is mercurial. Why? Take your pick-the economy, millennial attitudes, or an older housing stock? It matters little. What matters is pricing your house properly to find a buyer.

In fact, in 2009 of the 20 houses that sold 14 of them had a...

Click Here to Read More...