Litchfield County real estate information, local events and more.

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How's the real estate market in Kent, CT? Glad you asked...

Kent CT real estate in Litchfield County, what's selling, what's for sale and what does it all mean?

Kent CT Real EstateAs a buyer looking to purchase property in Kent, CT it could be a great deal for you. A few factors come into play. First and foremost, it is a buyers market. Currently there are 52 active listings. It will take 13 months to sell that inventory, which is called the absorption rate. Anything over 6 months indicates a buyers market, 6 months is considered to be a balanced market, and below that is a sellers market. As long as the seller understands this, you should be able to negotiate a good deal for yourself.

List to sale ratio. 4 homes sold in August of 2011 in Kent, CT with an average list to sale price of 81.69%. For a buyer, that is good news, I would be keeping that in the back of my mind and asking my agent to look carefully at any home I was interested in purchasing.

As a seller, the list to sale ratio is not good. It means that overpricing your home doesn't work. Buyers are savvy, they know what has sold, what isn't selling, what they are willing to pay. And with 52 active listings competing for a sale in Kent, CT, and a 13 month absorption rate, you need to price your house very aggressively if you want or need to sell.

As of today, for 2011, 17 homes have sold in Kent, CT. The average sale price started out in January at $428,259, yet is sliding downward and is now at $254,000. This means that although there are some wonderful estate homes for sale in Kent, they are just not selling as they once were.

Kent, Connecticut is a fantastic town along the New York border in Litchfield County. A vibrant community, the downtown area is alive with small boutique type stores, restaurants, so many things to do and see. Last year Kent, CT was voted by Yankee Magazine "best place for leaf peeping" in New England. And we Yankees know leaf peeping! Read about the award and more about Kent here.

 
Kent CT real estate

Andrea Swiedler, Realtor, Southern Litchfield County Real Estate

2017 President, Greater New Milford Board of Realtors

2017 Connecticut Magazine 5 Star Realtor

 

 Search homes for sale in Litchfield County, CT.

 

Coldwell Banker Residential Brokerage

Litchfield County Regional Office,375 Danbury Rd, New Milford, CT 06776

 

© Andrea Swiedler 2009 - 2017

 Always do right. This will gratify some people and astonish the rest. - Mark Twain

Comment balloon 12 commentsAndrea Swiedler • September 17 2011 07:58AM

Comments

Very folksy Market Report for Kent CT, a quiet yet social part of Litchfield County. Well done Andrea

Posted by Ed Silva, Central CT Real Estate Broker Serving all equally (RE/MAX Professionals, CT 203-206-0754 ) about 7 years ago

Great market report for your area in CT. I bet you are getting ready for some fall colors pretty soon.

Posted by Dawn Crawley, Find Pinehurst Homes (Dawn Crawley Realty) about 7 years ago

Hello Andrea,  I have never been to your neck of the woods.  I really liked the way you put your market report together :)

Posted by Amy Robinson, Realtor, Scottsdale Arizona Homes For Sale (London Pierce Real Estate) about 7 years ago

Hi Andrea, very nice market report and easily understood yet great emphasis on pricing it right.  Have a great eve!

Posted by Judith Parker, CRS, GRI, CMRS, Charlotte, NC (ProStead Realty) about 7 years ago

Andrea, Kent is one of my favorite little towns.  Even though I only get up there once a year I always look forward to it.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 7 years ago

Thank you all! Kent is wonderful, I love going there. And unlike George who gets there once a year, I am lucky enough to go there all the time! The market is tough in Kent if you are selling, but for buyers in all price ranges there are some great deals to be had!

With leaf peeping season just about here, Kent will be a hopping place for sure!

Posted by Andrea Swiedler, Realtor, Southern Litchfield County CT (Berkshire Hathaway HomeServices New England Properties) about 7 years ago

Our estate homes market here is the one that still seems to be having problems, but it also lags the general market by up to two years. If the rich aren't making money they can't spend it on estate homes!

Posted by Jim Frimmer, Realtor & CDPE, Mission Valley specialist (HomeSmart Realty West) about 7 years ago

Happy Monday!

Posted by Not a real person about 7 years ago

Good information for both buyers and sellers to be aware of in Kent, Ct. I love the photo at the bottom of your post, Andrea! Fall starts officially on Friday. Here come the leaf peepers!

Posted by Nina Rogoff, Sells Real Estate! (RE/MAX Executive Realty) about 7 years ago

Andrea,

Nice report!  A good deal is what every buyer and seller need!

Ann Hayden in Wildwood, MO

Posted by Ann Hayden, SelectAnn.com (Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri) about 7 years ago

Andrea nice work keeping folks posted on the Kent Real Estate market! Also thanks for the Stumble:)

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) about 7 years ago

Andrea - That's valuable and well presented information about the real estate market in your area!  There are so many wonderful opportunities for buyers with more affordable prices, and record smashing low interest rates.

Posted by Myrl Jeffcoat, Greater Sacramento Real Estate Agent (GreatWest Realty) about 7 years ago

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