market: 2016 news in CT for Real Estate
- 01/18/17 09:50 AM
Well, diving into 2017 I thought I'd cap some info for the previous year, derived from our Berkshire Hathways 4th qtr Market report...... Average days on the market was less than 92 days for the nearly 10% more homes that sold under 1 million Mortgage rates rermained low, lowest since 2012 -which is great news Unfortunately, Residents moving out of state were a disturbing high number/60% of state moves were outbound Gen X and Baby Boomers created a demand for more Townhouse & Condos, including some new construction start ups Unemployment rate decreased in Nov to 4.7% which was the 5th … (2 comments)
market: Connecticut Housing Market Snapshot
- 08/08/14 02:17 AM
In a recent newsletter supplied by Berkshire Hathaway- I found the info there interesting and thought I would share- Litchfield County-home sale prices up 18.5 % over last yr Fairfield County-again, sale prices are up 7.8 % Hartford County-ironically, sale price had same surge of 7.8% Middlesex County-increase of 16.5% in NUMBER of sales and an increase of 27.3 % total dollar volume New Haven County-total dollar vol DOWN 3.7 % New London County-total dollar volume up 9.3 % Tolland County-total dollar vol up 6% / avg sales price up 1.5 % Windham County-avg price up 2.9% all in all, CT … (2 comments)
market: But I NEED to sell it for ........
- 06/05/14 10:09 AM
We have all had the experience of a combating a seller on the correct List price of their home. They think its worth X and you show them the comparative sales in the area depicting a value of Y. Being in the business for over 13 yrs, I have recently run across my FIRST listing that I really need to very seriously think, if I want to service. It's not like a Realtor to give up easy, and I am certainly one that fits into that category. Sellers will say that I NEED to get "this much" out of the sale of … (6 comments)
market: Rehab Loans and the Currrent Mkt
- 04/11/13 02:09 AM
With the market conditions of short sales & foreclosures in great supply, rehab loans are a terrific way of capitalizing on a possible good investment. They are not an easy venture in my experience, but still are the way to go with specific regards to foreclosures. To be homeowners find it a useful tool in completing the American Dream. Currently, I am involved with 3 different transactions with this type of financial vehicle and have to say although sometimes complicated, I have to say its a good product to have available. Just like any other deal, if you have competent people … (0 comments)
market: Hitting the right price
- 05/13/12 12:10 AM
With the current mkt at hand, and the number of short sales that I have encountered, the correct price on a Listing is important more than ever. I have instituted a program in the sh sales, taking into consideration the activity, by lowering the price every 3-4 weeks in order to generate an offer that can get presented to the Lender. The Seller should not have a care as, unfortunately, they are not going to profit from going thru this process. Which leads me to the “normal” sale of realizing a profit. Common sense tells me that this same program of … (0 comments)
market: Short Sales/ sign of the times
- 07/30/11 01:47 AM
This mkt has its challenges, more so, because of the qty of short sales out there. From a Seller point of view, it is a way to unburden them of the monthly mortgage that most time is a slow strangulation of finances, emotions and quality of life. Whether it be: income loss or decrease, divorce, job relocation or downsizing, it can put the homeowner into this unfortunate, common event in these times. Short sales have less detriment on the credit of a person than foreclosure and should be considered seriously before letting it get to that point. Buyers, on the flip … (2 comments)
market: Market Value & Today's Mkt
- 02/08/11 09:55 AM
Today’s Real Estate mkt is challenging for a Seller’s Agent & Seller. With the amount of inventory at present, it provides quite a competitive scenario. The key is to price the home close to the opinionated sales price by a Realtor. Sold Homes that are in the same area or comparable to within the last 3 months are the most desirable. Unfortunately, people who have purchased in the last 3-4 yrs and wish to sell, will realize a loss on their purchase more than likely. This is just the current state of affaires in the Real Estate world. On the other … (0 comments)
market: Spring Market
- 12/27/10 06:32 AM
Spring market Posted on December 26, 2010 by kgreenrealestate Well, here it is day after Christmas and thoughts of the New Yr and what is ahead. With interest rates at the present level, and hopefully they stay in that area, it promises to be a great Spring market! Real Estate “Spring” is usually mid to end of February, although the weather pattern (snow,etc.), quantity, has much to do with Buyers behavioral patterns! Much Inventory is typical as many Sellers believe that it is the time to List, and market their home, rather than trying the process during the Holiday season. With … (0 comments)
Author Bio: Kevin Green is a Full Time Realtor approaching his beginning of his 13th yr in the business and is a Co owner of a Horse Boarding & Riding Facility in Meriden,CT- Rosehaven Stables, LLC.
Well, diving into 2017 I thought I'd cap some info for the previous year, derived from our Berkshire Hathways 4th qtr Market report......
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