318 Main Street | P.O. Box 1627 | Lakeville, Connecticut 06039
860.435.9891 | Fax 860.435.9400
info@robinleechrealestate.com
 
Search:
Multiple
Listing
Service
Search Our Listings
by Website Number
Browse:
Properties

New Listings

Land

Rentals

Commercial

Sold
About Us

Area Information

Directions

Robin's Web Journal

Contact Us

Home


Homes | Farms | Land | Estates | Seasonal Rentals | Commercial

Lakeville | Salisbury | Sharon | Cornwall | Falls Village | Norfolk | North Canaan
and other towns in Connecticut, New York and Massachusetts
WHAT IS GOING TO HAPPEN?


09.25.08

This is on the minds of all real estate agents throughout New England after the crazy "time" we had last week! One area agent described a "coming new era" in the real estate market where we may have only a "super rich" category who will (hopefully) be buying the most expensive property listings that you see advertised around here.

Everyone else, this agent surmises, will be re-setting themselves to a different level of real estate interest, read "value", at which they might purchase country property. I agree to a point, and in fact think that we, in the NW CT real estate area, will see a new "value structure" for real estate in the coming months.

Out of this comes the following thought: all "developed" real estate will most likely be a better buy than a land purchase with new construction. Materials costs and labor costs would have to come down greatly in order to replicate existing properties' values and short of a land value collapse, I see little hope for building something cheaper than what is already available.

Interest rates should remain very affordable which will help, but unless long term operational/travel costs come down, and stay down, only real estate purchased as a primary home is likely to dominate a key part of our market.

I think this Fall may see some terrific colors. The yellows are already appearing along some roadways. There has been a lot of heavy foliage growth this year and when it turns, it will be wonderful!


©2008 R. Leech features.



Robinson Leech Real Estate
318 Main Street | P.O. Box 1627 | Lakeville, Connecticut 06039
Phone 860.435.9891 | Fax 860.435.9400
info@robinleechrealestate.com
Offerings subject to errors, omissions, changes or withdrawal without notice.

Licensed in Connecticut, Massachusetts, and New York


Robin's Web Journal
01.08.09
A CONTROVERSIAL REVALUATION IDEA!
Although this idea is probably too radical to be embraced by these Towns, I suspect that readers owning property in these towns could see much to support in this idea.



12.25.08 - 01.01.09
WHAT MIGHT BE AHEAD FOR 2009, and BEYOND
Well, the last half of 2008 has left a lot to be desired in the NW CT real estate "world".



12.18.08
UPDATES - VARIOUS TOPICS
Judging from this writer's own experience, there are indeed many critters in the home this time of year.



12.11.08
WINTER CRITTERS IN THE HOUSE
Judging from client complaints, house smells, chewing sounds, and dark "splotches" in ceiling corners or behind window curtains, mice, moles, chipmunks, and lady bugs are running, or flying, amok in homes this winter.



12.04.08
FINANCING AND SERVICE ISSUES
It never ceases to amaze me how these (some) operators in the lending world will keep popping up with a new program to keep you in debt.



11.20.08
REVISITING MOLD
Older homes with (porous) stone foundations and dirt/earth floors, or even cement floors, are particularly vulnerable to dampness and odors associated with this condition.



11.06.08
INTEREST RATES AND WINTER TIPS
Long term interest rates went up last week to 6.25% or higher.