About New Milford's Sullivan Farm

Sell Your New Milford, CT Home in the Spring?!

Sell your New Milford, CT Home in the Spring?! I have been on quite a few Market Analysis lately where potential sellers have been told that it's better to Sell Your New Milford, Ct Home in the Spring?! Some thought that they read it in the newspaper(Is there such a thing as a Newspaper these days?), some were actually told by another Realtor(believe it or not)and some just think that Spring has always been the very best time to sell. Let's see if we can put some plusses and minuses down and see where we end up.

Currently we have the LOWEST INTEREST RATES IN HISTORY. Interest rates have an inverse relationship with price. That means that THE LOWER THE INTEREST RATE THE HIGHER THE MARKET PRICE FOR HOMES. We also know the the Government is artificially holding interests rates down in an effort to stimulate the housing market and therefore the economy. Who knows what the elections will bring and WHO KNOWS WHAT EFFECT THE ELECTIONS WILL HAVE ON THE INTEREST RATES AND THEREFORE THE ECONOMY.

Another factor to consider is the supply of houses on the market in your specific price range. Currently there are alot of houses in every price range and therefore competition is fierce. However, we also have SOMETHING CALLED THE SHADOW INVENTORY which is made up of all the homes that have been foreclosed on but the banks have not taken possession yet. When they do these DISTRESSED PROPERTIES WILL BRING INCREASED DOWNWARD PRESSURE ON PRICES AS THEY WILL BE VALUE PRICED AND IN GREAT SUPPLY. In the Spring we will still have all of these factors plus THE SEASONAL EFFECT OF SPRING HOMES HITTING THE MARKET. THE BENINSON ASSOCIATES offer our clients an ABSORPTION RATE ANALYSIS that will tell you what YOUR COMPETITION IS IN YOUR SPECIFIC PRICE RANGE. With this information you can make an INTELLIGENT DECISION ON WETHER TO SELL YOUR HOUSE NOW OR NOT.

There is also something called THE CURRENT DEPRECIATION RATE. The housing market can do one of three things at any one time. It can appreciate which means that the price of homes is going up as time goes on. It can remain neutral which means that the price of a given home will be the same at any time during the year. Or it can do what it is doing now which is Depreciate. We are CURRENTLY DEPRECIATING AT A RATE OF ONE HALF OF ONE PERCENT PER MONTH. This means that THE VALUE OF YOUR HOME IS GOING DOWN AS EACH AND EVERY MONTH GOES BY.

YOU ALSO HAVE THE OPPORTUNITY TO RECOUP YOUR PERCIEVED LOSS ON SALE IF YOU ARE MOVING TO AN AREA OF THE COUNTRY THAT HAS BEEN HARDER HIT THAN THE NORTHEAST. In Florida, Arizona or Las Vegas, for instance you can buy homes for pennies on the dollar and the cost of living is lower as well.

So if you hear that you should Sell your New Milford, Ct Home in the Spring?! please tell them that you have a few ideas that just might change their minds. Also, if you happen to hear this from another Realtor please run away from them as fast as you can and call The Beninson Associates right away.

New Milford, Ct. School Information-Yes, It's That Time Again!

We are now in "The Dog Days" of August.

The "Boys of Summerare in the heat of their pennant races. Everyone is either on vacation, thinking about vacation or about to go on vacation. Most of the kids are coming back from Summer camps. Some are even complaining that there is nothing to do. All of these are signs.......no, not of the apocalypse but of the fact that it is time to think about "GOING BACK TO SCHOOL"

HERE ARE SOME HELPFUL LINKS.......

New Milford High School

Schaghticoke Middle School

Sarah Noble Intermediate

Hill & Plain School

Northville School

Canterbury School (Private)

Faith School

It's time to breath a sigh of relief there Moms an Dads!!! HAVE A HAPPY SCHOOL YEAR.

Sullivan Farm is the most sought after townhome community in all of New Milford.  Sullivan Farm sits on over 100 acres of meadows & open space.  There is private gated access to the private beach on Candlewood Lake.

Enjoy a lifestyle where the homeowners association takes care of landscaping, exterior repairs, upkeep & pool yet enjoy the 100 acres of grounds & babbling brook. There is a beach club, an inground pool for swimming, space for picnics & barbeque's,  walking trails, boating, playground, tennis courts & a lakefront jacuzzi.

There are 123 units in the Sullivan Farm community, built between 1986 and 1993. Home sizes range from about 1500 square feet up to 3000. There are stand alone homes & ranch style units that offer a main level master suite. In addition, there are also uniquely styled 3 level townhouse units.All units feature air conditioning & a fireplace.  Some units feature lofts, skylights, vaulted ceilings & a main level den. All units offer a great amount of storage space. Units have up to 3.5 baths.

Sullivan Farms is only minutes to shopping along Danbury Rd & the charming New Milford Green, 5 miles to the Route 7 connector in Brookfieldand all commutes to New York.  You can't beat the easy living in this outstanding community that gives you the mix of Connecticut Country Living plus the Candlewood Lake lifestyle. Come and see this gem in beautiful Southern New Milford. Homes prices typically range from the high $200,000s to the mid $400,000s.

For more information on the Sullivan Farm community of New Milford, please visit my website or contact me.