Posts in category 'Westwoods'

Bain Real Estate Westwoods 2019 March Market Report.

Dear Neighbor,

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Our Litchfield County's real estate market has grown 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 2016, we saw 58 sales in Sharon and in 2017 we had 50. We had 47 sales transactions in Sharon in the last 12 months and the drop might be attributable to declining listing levels as there are now only 62 listings available. 

Weekend buyers are seeking affordable housing opportunities with a keen intent on not over-investing in a house that gets limited use.  Sellers who have over-invested in their homes in the last 10 y...

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Bain Real Estate Westwoods 2018 January Market Report.

Dear Neighbor,

PLEASE CLICK HERE TO SEE THE MAP.

Year over year sales comparison in Sharon show a strong number of sales (54) in 2017 continued from the strong 57 residential sales in 2016. This demonstrates the increased demand and a sell-off of an over supplied market of 75 listings a few years ago.  Today there is a lessened supply of residential homes for sale (51) which will likely promote stronger values.

In fact we are seeing a slight squeeze on the number of listings available in Sharon and the County resulting in only 2 homes in contract to close. Are seller's values trending higher or is this merely the rhythm of the winter market doldrums? 

Even with fewer houses availab...

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Dear Neighbor,

The numbers are in and 2016 was clearly a pivotal year in real estate. Nationally real estate sales transactions were up 12% over 2015 figures. Litchfield County overall saw just over 8% increase. Locally there was a similar bump resulting in the volume of sale increase around 14%! In summation, real estate in Sharon is on a steady upswing as the market recognizes good values.

The positive economic confluence of lower unemployment, strong trends in the financial markets and tightening interest rates have bolstered consumer confidence. This confidence mixed, with the reduction of available homes to buy, has solidified real estate values and will predictably push our value higher. We a...

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PLEASE CLICK HERE TO SEE THE MAP.

Sharon home sales were 20% ahead of last year's pace with 54 homes selling in the last 12 months against 43 the previous period. Last year, I reported 80 homes for sale with 6 homes in contract to sell while today we see 74 homes listed for sale with 5 in contract to sell. The local real estate market is getting healthier incrementally!

Additionally, the last 12 months has seen 7 land sales according to the CTMLS and the town records. There are 25 parcels of land in various acreage configurations on the market. It is especially nice to see the uptick in interest in land.

So it appears the current trends are positive! Her...

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