Andrea Swiedler

New Milford Connecticut Market Watch, Real Estate Statistics for New Milford CT.

Current Activity in New Milford CT:

Active Single Family Home Listings
249 homes
Average List Price: $491,875, Minimum Price: $65,000, Maximum Price: $5,900,0000
Average Market Time
151 days

Homes Under Deposit
13 homes
Average List Price: $333,692, Minimum Price: $179,000, Maximum Price: $569,900
Average Market Time
106 days

Homes in Pending Sale Status
17 homes
Average List Price: $352,906, Minimum Price: $79,200, Maximum Price: $1,475,000
Average Market Time
110 days

Although the following statistics say that the average sale price has continued to drop, we are seeing more activity as evidenced by the home that are currently in the "under deposit" and "pending" status. Most of the activity that agents have noted is the first time home buyer market. Pricing well is KEY, as well as preparing a home to enter the market! We are seeing an increase in foreclosures and short sales, we are a bit behind other parts of the country with this. I am thinking we have only just begun in this aspect.

September 2008/September 2009 Sales, New Milford, CT

October 2008/October 2009 Sales, New Milford, CT

Information is deemed reliable but not necessarily accurate, all statistics are gathered from the Greater Fairfield County Multiple Listing Service. (CMLS).

Wordless (almost, yeah right) Wednesday, Hanging on despite the odds! This is the view from my office on Route 7 in New Milford, CT, which overlooks Candlewood Valley Country Club, a public golf course. We have been watching the colors come and go, the leaves are pretty much gone all over the area, but this tough little guy just doesn't want to give up the ghost! (Yet one more HDR photo, no retouch).

Easements Easements Everywhere! Passing, repassing and appurtenant water rights?

I was doing some research today for a property (which I will call property A) clients of mine are interested in. There is a "shared well", the property listed for sale (property A) gets its water from the property next door (Property B). There is an easement which grants the property owner rights to the water from the well on the property next door. Easements run with the land and the rights transfer to each property owner. Property A also has an easement to "pass and repass" from Property C (another neighbor) as the beginning of their driveway is not on their land.

The deed for property A states "Together with the right to pass and repass at all times and for all purposes over a Right of Way more particularly shown on the aforementioned map leading in a generally westerly direction from the premises described to Town Highway known as XXXXX Rd."
"Together with all appurtenant water and pipeline rights and SUBJECT TO water and pipeline rights as shown on the aforementioned map and rights granted in a deed from (previous owner of property B) to (previous owner of property A) dated August 7, 1984 and recorded in Volume XXX, Page XXX of the New Milford Land Records."

The deed for property B states "Together with the right to take water through an existing pipeline located on land of the Grantors lying to the north of said premises being Parcel A as shown on the aforementioned map."
"Reserving unto the Grantors, their heirs and assigns, the right to pass and repass at all times and for all purposes from Town Highway knows as XXXXX Rd in an easterly direction over a "Right of Way" as shown in said map in order to obtain access to Parcel A."

Shared wells happen, I will suggest to our attorney that wording be inserted in the new deed to reflect the nature of the obligation to repair the well should there be any problems with the pump, water quality, etc. Simple enough, I checked with my trusty real estate attorney friend today on this. (Everyone needs a real estate attorney friend). But what bothers me about the above is that Parcel B has been given the right to pass and repass on the driveway of Parcel A, and this right will remain with the current owners, their heirs and assigns. Now that is just silly. We will need to have that removed from their deed before the property closes.

There are more water issues, there is an abandoned well at the far end of Parcel A, which at one time fed water to another house on another road, there is apparently an easement for this on Parcel A and this unknown home. I found this little problem on a map and will have to find the exact house in order to find out if indeed there is a deeded water right to this unknown house. If it is true, the current owner of property A will need to remove this off the unknown owners deed in the form of a quit claim.

When you are purchasing property, prior to making an offer your Realtor® should be going to town/city hall and checking deeds, maps, as-builts (septic installation plans), well completion reports, water reports, checking the building department for any open permits, checking C/O's for new work that has been done, anything that may be pertinent to the offer. You don't want to leave any surprises to the end of the sale that can blow the deal up! And you don't want to count on information coming from the seller, they may not fully understand the impact of easements as it relates to YOUR purchase of the property!

If we do write up an offer to purchase, I will be putting contingencies in the offer to purchase about the above mentioned easements, that they be removed, remedied prior to the sale of the home. That way there are no surprises, the seller, buyer and their attorneys will be on the same page from day one. And tomorrow I will be at town hall digging through property owners to find the mystery property that has the water rights to the abandoned well! I am afraid it may be with a property that is currently in a "sale pending" category which may complicate matters a tad, but I do love a puzzle. Last I saw my clients they were bit in the "Bambi caught in the headlight" mode with all the legal language flying around!

Jump on the hay wagon for the Annual Hayrides On The Green! Mark your calendars and come join us for tons of fun for all ages! I thought I would give you a heads up, with all the activities scheduled around December, so you could make time to attend the Annual Hayrides on the Green in New Milford CT!

When: Sunday, December 20th, 2009, from 1pm to 3pm
Where: New Milford CT Village Green
What: Annual Hayride Around the Green! Admission is FREE!

Prudential Adams & Associates, REALTORS, and Housatonic Valley Insurance Agency (HVI on the Green) are proud to present the annual Hayrides On The Green. This years hayrides will be conducted by Utopia Percherons of Goshen, CT. Hayrides, hot chocolate, candy canes and of course, Santa on the bandstand.

This is the 11th year Prudential Adams & Associates, REALTORS has brought the hayride to the Village Green in New Milford, CT. A good time is always had by all. Yes, I plan to be there, camera in hand, handing out hot chocolate, helping people on the wagons, giving the horses water or something just as fun. I do hope to see you there! This is our way of saying thank you to the community, so please do come by, say hello, drink some hot chocolate, take a ride around the green and see Santa, all on us! The New Milford Annual Hayrides On the Green.

Speechless Sunday complimented with a few words! Although the scenery leaves me speechless, the temptation of the keyboard is just too great.

Our leaves have pretty much fallen off the trees, the stark branches rising skyward bring promise of much colder days and snow in its time. There is still color to be seen, one of my favorites is all the bittersweet around. I have been looking for some to wind into a wreath for the front door, but somehow think that it looks far better exactly where it is now.