Have Buyers, Need Listings

OK, so we officially don't know when the hot times in our market start and stop. We had a slow (weather-related) winter last year, a very late spring, then a roaring summer, which screeched to an abrupt halt in August, and never returned. Now we are seeing big increases in buyer traffic to our sites, and people looking for houses that aren't yet on the market, even though it's freezing cold and it snowed yesterday. So the market is different year by year, and can only be predicted in arrears. The real takeaway here is that buyers are out now--in early January--and we have little or nothing to show them. Sellers, here is your chance! If your home is well-maintained and well-priced, you might get your best results by listing right now. There's no need to wait until spring, when more competition gets listed, especially since Yale and Yale-New Haven Hospital make their employment offers before spring even starts. Why wait? Get a jump on your 2015 goals, and call us today!

New Construction in New Haven

Around the country, there are locations with much more raw land--and therefore much more new construction--than in our region.  However, we have just listed a new condominium complex on the harbor in New Haven, and we are experiencing some of the excitement that accompanies new projects in this improving real estate market.

There are 31 units listed, and 8 went on reservation as of the first weekend!  Visitors to the complex, called Breakwater Bay, were blown away by the water views and expansive space of the units, which range in size from 1870 sf to 1915 square feet.  All have luxurious fixtures and detailing, and the response has been so good that prices on later reservations have already risen.

New construction tells us a lot about the state of the market, since older homes can usually be gotten for less.  The confidence to buy new shows that buyers believe that prices will rise.  It's really nice to have that feeling again after much too long!