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
UNCERTAIN TIMES


10.6.08

The last couple of weeks have wreaked havoc for the real estate markets, nationally and locally. The record stock market decline last week caused a number of interesting deals to be interrupted, or fall completely apart. More uncertainty will be forthcoming.

My last two columns discussed other aspects of this period. Most of their content is still valid, however the "schedule" of activity will change and probably lengthen.

Despite all this, there is a core "body" of people who have plans on purchasing and moving this way. Their intentions, as well as an ability to buy, are totally unrelated to the current financial trauma hitting many, although they are feeling an adjustment of wealth.

Sellers are those that suffer the most during this period. Buyers are armed with lots of news about how they should be buying low; sellers are seeing a potential loss of real equity and profit for anything purchased within the last 36 months. Even longer holdings are seeing a re-adjustment of market value, which may last for as long as 2 or more years, in my view.

Most of us will get through it and a new market era will begin for many owners in our local marketing area.

Last weekend saw a bustle of activity in Salisbury and Cornwall. The Fall colors peaked, right on schedule, thanks to a few cold nights which brought the reds, oranges, and yellows into full "bloom". How beautiful!


©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.