Posts made by author 'Priscilla Pavel'

 Bain Real Estate 2020 January Mid Cornwall Market Report.

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Happy New Year!  We are excited for the new decade!  Real Estate in Cornwall continues to be most desirable and business is picking up by contrast with a number of years ago.  In my last letter to your neighborhood I was able to report 3 house sales and 1 land purchase, plus one land lot listed for sale.  In this letter, I am reporting on 7 house sales and 3 land sales.

Overall, we have seen 23 residential transactions in the last year which is consistent with sales figures for the last four years.  There were 7 land sales last year a greater number than most towns in Litchfield County; though 4 of these sales that we transacted were JP Morgan Chase Bank...

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Bain Real Estate Cornwall Hollow 2019 June Market Report

Deear Neighbor

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Spring has finally arrived and it is beautiful!  After the 2^nd rainiest April in recorded Cornwall history (dating back to 1905), May is full of lilies, iris, lilacs, amaryllis and rhododendrons.  Positive news continues in Real Estate, too.  Town wide in Cornwall there are currently 32 houses listed for sale, while 2 are in "continue to show" status and 3 are under deposit; there are 8 active land listings and only 1 sold has sold in the last year. The previous year there were 26 residential sales and 2 land sales!   In Cornwall Hollow there are 4 houses and 2 land listings offered.

Here is what has sold i...

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Bain Real Estate West Cornwall 2019 May Market Report

Dear Neighbor,

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            It has been a long cold winter and a very wet spring here in West Cornwall.  The loss of the restaurant (most recently Perley's) has slowed us down.  But with the arrival of May, business is perking up in the form of new listings that we think will appeal to a wide swath of residents and business investors.

            In the Good News department, the Bend, has been completed with guidance from Housatonic Valley Association.  The paving is just about to start with a ribbon cutting opening now scheduled for Saturday, June 22^nd from 2-3PM.  The town is paying for the paving which we think will be c...

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Bain Real Estate Cornwall Bridge 2019 Market Report.

Dear Neighbor,

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We know spring has really arrived when we are getting more calls to show our listings! We welcome the warmer temperatures and the return of green and the increased activity!  This past year we had 16 sales in Cornwall, 4 of which were in Cornwall Bridge.  Currently there are 38 houses for sale in Cornwall, 5 of which have accepted offers with closings soon and one of those is in Cornwall Bridge.

Cornwall Bridge really seems to be booming!  James and Idella Shepard have created a happy place to shop and dine at the Country Store.  One of my favorite sandwiches is a grilled cheese and they make the best one I have ever enjoyed!  It is really m...

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Bain Real Estate Cornwall Cream Hill 2019 Market Report.

Dear Neighbor,

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Litchfield County's real estate market has strengthened nicely since the Great Recession, ten years past. As the economy has improved buyer confidence has in turn responded positively and thus growth has ensued.

So, how come we had 25 sales in 2017 and yet only 16 sales transactions in Cornwall in the last 12 months?  While it may appear as a weakening market the drop is attributable to declining listing levels.  With fewer homes available some buyers are reacting to the lack of inventory by pausing.  But if there is a scarcity of homes available, the market forces will raise values more hurting those who are on the sidelines....

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