Posts in category 'Bulls Bridge'

Dear Neighbor,

Real estate sales during the last two years have outstripped houses available for sale resulting in a dearth of listings for people desirous of moving to Kent.

Because of this imbalance we have some buyers and sellers on the sidelines waiting.  Waiting for what is the question.  The idea that the market will be flush with listings soon is not realistic. That said with the confluence of inflation, lack of inventory, increased mortgage rates, and Covid concerns waning, there is a slight pause occurring in the market.  Hopefully, this breather will allow some restocking of houses and a more balanced market.

Kent registered 46 sales in the last 12 months. This is 34 fewer home sales than in 2021. This dramatic drop is not due ­­to a lack of interest, but lack of inventory.  Ther­­e are 4 homes in contract presently and only 13 available to purchase. Despite fewer listings, purchasing desire is strong, sales are brisk and competit...

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Bain Real Estate 2018 November Market Report.

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Dear Neighbor,

            Have we reached equilibrium between buyers and seller since the Great Recession? Yes, the ensuing ten years values have improved with buyers returning to the market; returning however with a tempered desire to purchase. Sensing caution sellers began lowering prices incrementally and making it more appealing to the buyers. As the economy strengthened buyer confidence did in turn. So, growth has ensued.  A cautionary approach should be taken however, as daily the volatile swings in the world and nation are having considerable influence on buyers' confidence.

            In fact, on the u...

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Dear Neighbor,

We are seeing the path back to a more balanced market. There is a small pool of buyers who are serious and will buy if the right house and value coincide. There is still more property supply than buyer demand, but the number of offerings is being slowly chipped away. Here is our annual real estate report detailing the real estate activity in the last 12 months in Kent and your Bulls Bridge neighborhood.

In the last 12 months there have been 48 residential sales in Kent compared to 39 the previous 12 months.

We saw 9 more sales year-over-years suggesting a...

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Dear Neighbor,

SPRING? Yes, the vernal life is slowly emerging after that oh so snowy and long winter.

And over the last 12 months we have seen the same slow season-like change in the real estate market. Many of the properties under pressure from the economic turndown are being sold leaving more market valued homes to compete for buyers.

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.

Selling time has dropped to 6 months (5-7 months indicates a normal market). W...

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