Bloomfield, CT 06002 

Bloomfield is an interesting combination of suburban, historic and modern housing in a town that is as committed to providing natural open space as it is to expanding its commercial development responsibly.

The town of Bloomfield was incorporated in 1835 and adopted its current name.  Bloomfield was primarily an agricultural community but after incorporation, the town began to diversify its economic base. 

One of the first things you will note about Bloomfield is that it has the charm and beauty of a small Connecticut village with its location convenient to Hartford and Bradley Airport and is located halfway between Boston and New York.  Bloomfield is bordered by Windsor, East Granby, Simsbury, Avon, West Hartford and…

Mansfield, Connecticut

Mansfield, Connecticut is a diverse, cultural, prospering town in the heart of Tolland County that appeals to families, young couples and seniors alike. From rolling farmland, to parks and hiking trails, to the ever-growing community of shopping and casual nightlife, Mansfield is the perfect location to begin, raise and expand your family. 

Located right off exit 68 on Rte 84, just a short commute from Hartford, Mansfield holds a major appeal being the home of the prestigious University of Connecticut, smack in between of Boston and New York City.

Home to some of the most competitive schools in the state, Mansfield has several elementary schools for kindergarten through fourth grade students, a middle school, and high…

Should I short sell or just wait for my equity to come back?

While every situation differs I decided to take a very common scenario here in CT and run the numbers just to see how they look:

Lets say you bought (or refinanced) an average Connecticut starter home for $250,000 5 years ago.

Lets take an average overall 30% loss in values since those peak years.

The current value of your home: $175,000.

The current balance on the $250,000 loan with regular payments over the last 5 years (at 5% interest): $230,000.

YOU ARE NOW $55,000 UPSIDE DOWN

LETS ASSUME DEPRECIATION STOPS TODAY AND REAL ESTATE IN CT STARTS APPRECIATING IMMEDIATELY AT 4% ANNUALLY (THE HISTORICAL RATE)

SCENARIO #1: STAY AND PAY. You wish to sell your…

2011 was a slow year for home sellers in Southington, CT . 397 homes in Southington, CT sold in 2011 at an average price of $249,302, down slightly from 2010.

Should the trend continue, just 10% of current market inventory of 340 homes in Southington is expected to sell in any given month. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at. In 2011, 207 homes in Southington expired unsold – leaving the odds of successfully selling at just 66%.

What does that mean to you as a Southington, CT home seller? If you are considering going on market, you will have to be very realistic about the value of your home if you wish to successfully sell. You have…

2011 was a stagnant year for home sellers in Tolland, CT . 117 homes in Tolland, CT sold in 2011 at an average price of $284,514, virtually unchanged from 2010.

Should the trend continue, just 5% of current market inventory of 490 homes in Tolland is expected to sell in any given month. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at. In 2011, 99 homes in Tolland expired unsold – leaving the odds of successfully selling at just 55%. The average listed price of homes currently on market is $316,153 – a 10% difference over the average selling price.

What does that mean to you as a Tolland, CT home seller? If you are considering going on market,…

 2011 was a rough year for home sellers in Meriden, CT . 456 homes in Meriden, CT sold in 2011 – a 20% decrease from 2010. The average sales price of $136,767 is a 7% decrease from the sales prices of 2010.

Should the trend continue, just 8% of current market inventory of 490 homes in Meriden is expected to sell in any given month. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at. In 2011, 310 homes in Meriden expired unsold – leaving the odds of successfully selling at just 60%. The average listed price of homes currently on market is $165,737 – a 17% difference over the average selling price.

What does that mean to you as a Meriden, CT…

2011 was a slow year for home sellers in Marlborough, CT . 54 homes in Marlborough, CT sold in 2011 – a decrease from 2010. However - the average sales price of $310,103 is actually an 11% increase from the sales prices of 2010.

Should the trend continue, just 6% of current market inventory of 70 homes in Marlborough is expected to sell in any given month. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at. In 2011, 72 homes in Marlborough expired unsold – leaving the odds of successfully selling at just 43%. The average listed price of homes currently on market is $348,119 – a 10% difference over the average selling price.

What does that mean…

2011 was a rough year for home sellers in Mansfield, CT .  83 homes in Mansfield, CT sold in 2011 - an increase from 2010. However - the average sales price of $189,226 is also a 22% decline from the sales prices of 2010.

Should the trend continue, just 9% of current market inventory of 77 homes in Mansfield is expected to sell in any given month. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at. In 2011, 61 homes in Mansfield expired unsold – leaving the odds of successfully selling at 55%. The average listed price of homes currently on market is $211,732 – a 10% difference over the average selling price.

What does that mean to you as a…

2011 was a slow year for home sellers in Lebanon, CT .  61 homes in Lebanon, CT sold in 2011 at an average price of $207,579 - down 10% from 2010.

Should the trend continue, just 6% of current market inventory of 85 homes in Lebanon is expected to sell in any given month. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at. In 2011, 43 homes in Lebanon expired unsold – leaving the odds of successfully selling at 60%. The average listed price of homes currently on market is $271,545 – a whopping 25% difference over the average selling price. It would seem that many Lebanon home sellers have not yet faced the reality of the market.

What does that…

2011 was a slow year for home sellers in Hebron, CT .  75 homes in Hebron, CT sold in 2011 at an average price of $274,628 down 7% from 2010.

Should the trend continue, just 7% of current market inventory of 92 homes in Hebron is expected to sell in any given month. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at. In 2011, 62 homes in Hebron expired unsold – leaving the odds of successfully selling at 55%. The average listed price of homes currently on market is $292,864.

What does that mean to you as a Hebron, CT home seller? If you are considering going on market, you will have to be very realistic about the value of your home if you wish to…