Posts in category 'Kent Village'

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 a flight to Kent, swelling our schools, absorbing our housing inventory and pushing our values to levels not seen in a long time, if ever.  The result is a market with only 7 homes available where normally 35-40 should be up for sale. And only 9 parcels of land offered. The flip side is the 20%-30% increase in values has sellers buoyant and buyers scrambling with Rents soaring as well.

All of this has some buyers and many more 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. It is a seller's market, but sell only if you have a place to move to.  We predict this new paradigm will be here for a number of years to come....

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Bain Real Estate Kent Village 2019 February Market Report.

Dear Neighbor,

PLEASE CLICK  HERE TO SEE THE MAP

Litchfield County's real estate market has strengthened nicely since the Great Recession ten years past. As the economy has strengthened buyer confidence has in turn responded positively. So, growth has ensued. Hence in 2017, we saw 36 sales in Kent and in 2018, we had 49.  A cautionary approach is advised, however, as the local, state, national and even global issues affect consumer confidence and the winds could blow in a different direction tomorrow! 

 In fact, we are seeing this sentiment manifest on the upper end of the value spectr...

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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 Kent...

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PLEASE CLICK HERE TO SEE THE MAP.

Dear Neighbor,

  Here is the annual Village 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.

 Sales transactions in all of Kent were considerably lower since I last wrote which echo the national and state trends. Case Schiller report noted that prices have increased slightly while volume of sales transactions has dropped. This drop is in part attributable to the investor buyer segment of the market that has taken advantage of the "good deals" in the last few years. We are seeing a retur...

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