CT Real Estate Report

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Real Estate Agent - Keller Williams CT - REB.0789472
Minna Reid, REALTOR®, Short Sale Agent: Real Estate in Hartford, Middlesex, Tolland, Windham and New Haven County, CT
RECENT BLOG POSTS
  Hamden, CT November 2016: As the year starts to draw to a close, the average sales price in Hamden continues to hover at a decade low of $190,000, although up a tad from 2015: Sales prices usually continue to fall through the dead of winter in CT, so it is likely that Hamden will see the averag...
11/23/2016
  As 2016 draws towards a close, marketing time for Southington, CT homes have risen over 10% to a current DOM (days on market) of 87 days. As homes sit on the market longer, their ultimate sales prices also weaken. The average sales price in Southington is currently $271,884, down a bit from fro...
11/02/2016
HOME SALE CHALLENGE:After realizing he would never be able to sell his home for enough to clear the mortgage, this Hamden, CT homeowner quickly came to the conclusion that a short sale on his home was likely his only option to cut his losses and move on.REID REAL ESTATE GROUP APPROACH:With an ASC...
11/02/2016
  Ditech is quickly becoming one of my favorite lenders to work short sales with. It's usually these smaller guys that could teach their bigger cousins Chase, BOA and Wells Fargo a thing or two about getting things done! After a few years of renting out their former home, these CT homeowners were...
10/27/2016
  In a successful short sale a lender accepts less than what is owed on the mortgage so that the homeowner can sell their home at market value. While there is no "short sale" credit mark, the usual result is your mortgage being marked on your credit as "paid for less than full balance","settled f...
10/25/2016
10/23/2016
    HOME SALE CHALLENGE: After some devastating unexpected events, this Bloomfield homeowner found herself unable to afford her home. With the loan balance much higher than the home’s value, and without enough funds to cover the loss she was left with a short sale as her best option.   REID REAL ...
10/23/2016
A decade ago, Cheshire saw its single family home sales prices peak at a median of $378,000. 2016 finds this price point at it's lowest of the decade at $315,000, a 17% decline since the height of the market:Sales prices usually fall a bit during the last quarter of the year, so it is likely that...
10/18/2016
HOME SALE CHALLENGE:After several unsuccessful attempts at modifying her loan to save her home, this Southington homeowner had run out of options and was facing foreclosure. Her only remaining option was to pursue a short sale. REID REAL ESTATE GROUP APPROACH:Nationstar is not one of my favorite ...
10/12/2016
After a sharp rise of distressed property sales in Newtown, CT in 2015, this year seems to have eased up a bit. The overall market share of distressed sales (foreclosures and short sales),  is currently at 10%:Fairfield County overall has a distress property market share rate of 6%. With sales pr...
10/11/2016
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Minna Reid

Team Lead - Reid Real Estate Group
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