Cheshire, CT Real Estate News

By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
2011 Year End Real Estate Market Update for Cheshire CT     For the year 2011, the market sales or absorption rate in Cheshire CT was 16 sales per month. Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is considered a balanced market.  Under 6 months is a sellers’ market and anything over 6 months is a buyers’ market. The average value for the homes sold in Cheshire CT for the year was $386,969 with an average days on market of 101.  The current inventory of homes is equivalent to a 13 month inventory. The list price ratio to sales price ratio was 96%, which indicates sellers putting the homes on the market near to fair market value, or finally getting t...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Cheshire CT Real Estate Sales Report for December 2011       Currently in Cheshire CT there are 108 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $137,500 to a 5100 square ft, 4-bedroom contemporary ranch estate listed at $1,700,000.       The average list price of the homes currently available for sale in Cheshire CT is $480,147. The average days on market for these homes is 159 days. For the month of December, there were 16 additional homes listed for sale in Cheshire CT.     There are currently 15 homes under contract in Cheshire CT, with four (4) having gone under contract in the month of December. The average list price for the homes under contract is $398,319 with average days on market of 129 days.       In December, 8 homes c...
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By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
Summer 2011 Market Update If you can qualify, now is an exceptional time to buy a home in Cheshire. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 203-910-2638 Average Home Price $400,000 - View Graph Trend Average Price Compared to Last YearUp 0-5% Average Time on Market More than 120 days Best Selling Price Range$300,000 - $349,000 Worst Selling Price Range$1,000,000+ Prices As % of Asking Price 90-95% Existing Home Prices for the past 90 days are?No Change Market Trend Increasing Buyers' or Sellers' Market More sellers than buyers Buyer Activity for the past 90 days in Cheshire isDecreasing Seller Activity for the past 90 days in Cheshire is?Decreasing Multiple Offers?No Multiple Offers CommentaryThe homes in Cheshire that are...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Cheshire CT Real Estate Sales Report for November 2011       Currently in Cheshire CT there are 115 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $147,500 to a 5100 square ft, 4-bedroom contemporary ranch estate listed at $1,700,000.       The average list price of the homes currently available for sale in Cheshire CT is $446,447. The average days on market for these homes is 168 days. For the month of November, there were 13 additional homes listed for sale in Cheshire CT.      There are currently 14 homes under contract in Cheshire CT, with seven (7) having gone under contract in the month of November. The average list price for the homes under contract is $448,607 with average days on market of 103 days.     In November, 13 homes ...
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By Chris Canfield, Homes for Sale in Oro Valley and Tucson, Arizona
(Coldwell Banker Residential Brokerage)
Is Your CT Condominium FHA Approved? I know I sound like a broken record when it comes to FHA approvals for condominiums, but as many sellers are finding out, it can be extremely important in helping to sell.  Also, if you want to refinance your condominium, it can be critical that the complex is approved.  Complexes in Connecticut have been falling off the approved list all during 2011--the first wave coming in late May, and then again in July.  For some reason, the loss this approval came as a complete surprise to some complexes!  Finally, as we come to the end of 2011, complexes are beginning to come back on the approved list, so I am going to start a series that gives updates on the status of complexes in Connecticut.  In November alone, the following complexes in Connecticut have b...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Cheshire CT Real Estate Sales Report for October 2011       Currently in Cheshire CT there are 138 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $147,500 to a 5100 square ft, 4-bedroom contemporary ranch estate listed at $1,700,000.     The average list price of the homes currently available for sale in Cheshire CT is $462,454. The average days on market for these homes is 161 days. For the month of October, there were 20 new homes listed for sale in Cheshire CT.      In addition, there are currently 13 homes under contract in Cheshire CT, with two (2) having gone under contract in the month of October. The average list price for the homes under contract is $565,023 with average days on market of 92 days.       In October, 16 homes c...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Understanding Equal Opportunity in Housing   Recently, on a listing, one of the sellers made the comment that they had to be selective when selling their home to not offend their neighbors. This was so wrong on so many levels, that I just had to stop and explain the legal rights and obligations when buying or selling real estate. I started to explain that their first obligations were to themselves and not their friends and neighbors. If we priced the home at a fair market value for conditions, and we were fortunate to get an interested and qualified buyer, nothing else was important. Whether or not the neighbors liked the new owners was not relevant, especially as they definitely would not be as concerned with them if their own homes were being sold. The Legal Aspects: The Civil Rights ...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Cheshire CT Real Estate Sales Report for September 2011       Currently in Cheshire CT there are 147 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $147,500 to a 5100 square ft, 4 bedroom contemporary ranch estate listed at $1,700,000.     The average list price of the homes currently available for sale in Cheshire CT is $457,582. The average days on market for these homes is 155 days. For the month of September, there were 18 new homes listed for sale in Cheshire CT.      In addition, there are currently 15 homes under contract in Cheshire CT, with four (4) having gone under contract in the month of September. The average list price for the homes under contract is $454,313 an average days on market of 90 days.       In September, 15 ...
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By Dave Jones, Broker/Owner - e-PRO Dave Jones Realty llc Prospec
(Dave Jones Realty, llc.)
This is the November 2011 Cheshire Connecticut Real Estate market report.   The Residential Real Estate market is actually UP in Cheshire CT, one of the only towns taht can say ths in New Haven County. The average asking price for a residential home in Cheshire CT for September is up 4% over August, and up 3% over six months ago. Looking back at the last 2 years, the average asking price is up 3% over one year ago and up 4% over two years ago.       If you have any specific questions on the Real Estate market contact us direct. 
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Mums the Word, at Least for This time of Year . . . Sunday Photos Many of the flowers of summer are getting into their final colors as it won't be very long before the temps start to drop and kill them off. It is the time of year for the Mums to come out, Chrysanthemums, that is. Living in the Cheshire CT area affords us colors that most people may see, just not in as large an amount. Cheshire CT is home to some every large bedding farms, and their sprays of colors are always a delight to pass. In this field, the workers were already loading the Mums into carts to be sold to area outlets. This place was not selling any the day I went by, but I did find some at another farm. I got mine into the garden, along with a rather large Mum that grew out of a plant I had put in a couple of years ...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Applying Common Sense to a Low Ball Offer   Sooner or later we have to face the situation of dealing with an offer that is much too low, or having a seller feel offended at an offer you present through their agent. This has happened to me, from each side, within the past 2 weeks. On behalf of a client, I presented an offer that was a touch low, but circumstances fully justified our value. The seller was insulted, and refused to even consider a counter offer. Two weeks later, however, after dropping their price an additional $10,000, the other agent sent me an email asking if my clients were still interested in the property. We ended up agreeing on a deal, $7,000 higher than my client's original offer. On the flip side, I was sent an offer to present to my client that is significantly be...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Cheshire CT Real Estate Sales Report for August 2011   Currently in Cheshire CT there are 153 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $147,500 to a 5600 square ft, 4 bedroom colonial estate listed at $1,770,000. The average list price of the homes currently available for sale in Cheshire CT is $461,695. The average days on market for these homes is 146 days. For the month of August, there were 18 new homes listed for sale in Cheshire CT.   In addition, there are currently 14 homes under contract in Cheshire CT, with four (4) having gone under contract in the month of August. The average list price for the homes under contract is $475,907 an average days on market of 227 days. In August, 25 homes closed in Cheshire CT. They rang...
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By Chris Canfield, Homes for Sale in Oro Valley and Tucson, Arizona
(Coldwell Banker Residential Brokerage)
Connecticut Quilt Shop Hop 2011 No, I am not a quilter, but I certainly appreciate quilts!  This is imperative as I am married to an avid quilter.  September 8 starts the 10 day run of the Connecticut Quilt Shop Hop for 2011, so I am afraid I will see little of my wife for the next few days. The following 16 Connecticut quilt stores will be participating in the Connecticut Quilt Shop Hop: Dot's Quilt Shop in Prospect (where my wife spends a great deal of time) Yankee Cloth in Wallingford Yankee Quilter in Oxford Colchester Mill Fabrics in Colchester Fabric Tree in Danbury Lisa's Clover Hill Quilts in Berlin Quilter's Corner in New Milford Quilter's Cove in Durham Quilter's Dream in Willimantic (my wife loves to make this drive in the fall when the trees are at their peak) Quilting by th...
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By Chris Canfield, Homes for Sale in Oro Valley and Tucson, Arizona
(Coldwell Banker Residential Brokerage)
Good Night Irene! As the rain falls steadily, I thought I would share the sign that I saw in Prospect CT this morning--very well done on what I would imagine was relatively short notice! Once the storm is over, if your bird feeders have not fallen victim to the storm, be sure they are well supplied for our hungry winged friends.  I filled mine up this morning with a special blend that kept our feeders busy all day.  Now let's just hope that we can say Good Night Irene soon!  
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By Chris Canfield, Homes for Sale in Oro Valley and Tucson, Arizona
(Coldwell Banker Residential Brokerage)
Will they Call off the FIRST Day of School? There are many children looking forward to the first day of school, and for Cheshire, CT, that day is supposed to be Monday, August 29, 2011.  However, with Irene on her way, that plan may change!  I went to check the website for Cheshire Public Schools to see if they made any mention of the hurricane only to find that it was not working.  I called the high school to see if they had changed their web address.  The best answer that I could get was that it was being updated.  So for those of you who are wondering if the first day of school will be held as planned in Cheshire, CT, here is the Connecticut Weather website which usually keeps us updated on school closings.  As I am writing this blog, there are already six communities posting cancell...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
It's A Buyer's Market and I want to get a Deal! Yes it's true, it is definitely a buyer's market and the deals are out there waiting to be plucked, but are you attuned enough to the market to appreciate the deal that's in front of you?  I have been working with some very particular buyers, that are well qualified for their specific purchasing power, but are insistent that they should be able to really steal a deal. We have been through homes that will satisfy their needs for space, comfort and financial needs. They have seen a few homes that would be perfect, they are priced competitively for the market, yet they still feel that the sellers should drop down to their offering, period. As their agent, I have offered them all the history of their home choice, including complete time on mar...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Cheshire CT Real Estate Sales Report for July 2011   Currently in Cheshire CT there are 163 active residential listings for sale. They range from a 936 square ft, 3-bedroom ranch listed at $169,900 to a 5600 square ft, 4 bedroom colonial estate listed at $1,770,000. The average list price of the homes currently available for sale in Cheshire CT is $445,045. The average days on market for these homes is 145 days. For the month of July, there were 24 new homes listed for sale in Cheshire CT.     In addition, there are currently 19 homes under contract in Cheshire CT, with five (5) having gone under contract in the month of July. The average list price for the homes under contract is $403,847 with an average days on market of 159 days.   In July, 26 homes closed in Cheshire CT. They ranged...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
An Evening Under the Stars . . . Pay it Forward We attended an even recently for an organization whose mission statement is "to provide innovative clinical and educational programs that promote the healing benefits of the human-animal bond and nature for children". The name of this group is called Soul Friends. Soul Friends provides their service by integrating animals into the therapy, either in group sessions or on an individual basis. Through their various programs, they assist and help children coping with grief, loss, trauma and socio-emotional challenges by interacting with the animals, and combining this involvement with special related stories. Soul Friends has been recognized by the Connecticut Department of Children and Families, and have also been recipients of grants to furt...
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By Ed Silva, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Cheshire CT Real Estate Sales Report for June 2011 Currently in Cheshire CT there are 191 active residential listings for sale. They range from a 1,196 square ft, 3-bedroom ranch listed at $169,900 to a 5600 square ft, 4 bedroom colonial estate listed at $1,990,000. The average list price of the homes currently available for sale in Cheshire CT is $437,359. The average days on market for these homes is 132 days. For the month of June, there were 38 new homes listed for sale in Cheshire CT.   In addition, there are currently 19 homes under contract in Cheshire CT, with five (5) having gone under contract in the month of June. The average list price for the homes under contract is $386,963 with an average days on market of 121 days.   In June, 17 homes closed in Cheshire CT. They ranged f...
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By Doreen DuChette
(Coldwell Banker Real Estate)
STAGE, STAGE, STAGE! When I was first contacted by decorators offering staging services years ago, I was very cynical.  I felt it was just a money making opportunity.  It wasn't until a few years ago while selling my own home that it's value became so clearly evident.  I had been thinking about selling for a few years prior to actually marketing my home so it was relatively easy for me.  Add to the fact that I love to paint and love to shop!  By simply painting my interior with fresh popular colors, decluttering and purchasing a few reasonably priced wall hangings, bowls and cabinet hardward,  I was able to sell my home quickly and for a very good price!  Homeowners who just don't have the knack for home decorating can hire a staging specialist for between $100 and $300 to give them a s...
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