318 Main Street | P.O. Box 1627 | Lakeville, Connecticut 06039
860.435.9891 | Fax 860.435.9400
info@robinleechrealestate.com
 
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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
08.26.10
OIL REVISITED
Some of our heating oil vendors have been holding off on setting Contract pricing for heating oil prices, hoping the barrel price would be coming down.



08.19.10
QUIET AS A COFFIN?
The above was the description of the activity (on his home) given to me by a home owner with a house for sale in Stamford, CT.



07.29.10
THE PROBLEM WITH GREEN: AESTHETICS
The question of aesthetics may come into focus if building green becomes the norm for future homes.



07.22.10
WEATHER TURBULENCE REIGNS
Storms have been playing havoc causing power interruptions, fallen trees, and broken branches around the NW corner.



07.15.10
FANS AND LAWNS
The lack of rain made many lawns turn brown. They are not really dead in most cases, despite their appearance.



07.08.10
PRICE CONCESSIONS - MOVING REAL ESTATE
Seller price concessions, if and when 'blessed' with an offer, are helping move most of the sales currently in contract, or recently closed, for homes in this price grouping.



07.01.10
HOT WEATHER COOLING TIPS
With the arrival of hot, sticky weather arriving in our NW corner, cooling tips are in order for those not lucky enough to have air-conditioning, either centrally installed, or from window units.