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2024 Is the Time to Sell Your Prospect CT Home

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

2024 Is the Time to Sell Your Prospect CT Home

 

The market shift the past 3 years have created a perfect storm for home sellers. Even though interest rates are not as low as they were a few short years ago, the shortage of available properties to buy and the desire to own one's own home have buyers anxious.

The chart below shows the extraordinary rise in values within the past few years with sellers holding more equity in their homes than ever before.  Since 2020, the average home in Prospect CT increased equity by over 40%. This is far greater than the typical 2-3% appreciation in values that would be normal.

 

 

Of course, it would also help to have an idea of the value of the home in the current market here in Prospect CT.  A current Market Evaluation on your home will give you the value of your home and also allow you to determine if the cost to completely remodel the home will bee in a price range to allow it to be sold and recover the expense of the work.

We offer free market evaluations to assist you in your sale. If you would like information on homes for sale in Prospect CT please call me at 203-206-0754 or send me an email at easilva48@comcast.net. I would be happy to assist you or to discuss homes on the market in Prospect CT.

 

2024 Is the Time to Sell Your Prospect CT Home

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

My Blog
Email Me
EdSilvaCTrealestate.com


C:  203-206-0754
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O:  203-758-6440

 

Do you know anyone who is behind on their mortgage and doesn't know what to do? I may be able to help them. I am an experienced Short Sale Broker

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Comments (9)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thanks for sharing, make it a great Sunday and enjoy your weekend!

Bill Salvatore, Realtor- Arizona Elite Properties

Mar 03, 2024 04:56 AM
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Hi Ed,
The law of Supply and Demand has the price of homes continuing to increase. It's always a good time to buy for the long term.

Mar 03, 2024 06:54 AM
Roy Kelley
Retired - Gaithersburg, MD

This is an excellent report to share.

Have a great day and a very productive week.

Mar 03, 2024 07:32 AM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Ed Silva, 203-206-0754 you are so right, it is a great time to sell a home.

Mar 03, 2024 07:58 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ed and you are so right on this subject and sellers should take notice to your blog.   Make it a great golfing day!

 

Mar 03, 2024 08:27 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed it would be nice if more Sellers felt comfortable putting their home on the market sooner than later.

Mar 03, 2024 11:55 AM
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Good luck getting a healthy supply of new housing inventory Ed! 

Mar 03, 2024 05:27 PM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Anyone thinking about selling their home in Prospect would be wise to call Ed Silva, 203-206-0754 

Mar 04, 2024 04:27 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Prospect home buyers and sellers are sure to value your real estate market report.

Mar 05, 2024 04:47 PM