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Prospect, CT Real Estate News

By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s Happening in The Prospect CT Real Estate Market Prospect March 2021?    Search for homes in Prospect CTCurrently in Prospect CT there are 20 active residential listings for sale, with 9 new listings added in March. The homes for sale in Prospect CT range from a 1,020 square ft, 2-bedroom REO ranch, listed at $72,800 to a 3,341 square ft, 4-bedroom colonial listed at $470,000. The average list price of the homes currently available for sale in Prospect CT is $327,710. The average days on market for these homes are 73 days. In addition, there are currently 5 homes under hard deposit in Prospect CT.  In March, 5 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 667 square ft, 2-bedroom bungalow, which sold for $180,000 to a 2,752 square ft, 4-bedroom colo...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Happy Easter To All My Friends And FamilySpring brings us Easter.  A religious time of year to rejoice in the resurrection of our Lord.  God sacrificed his son for our sins.  For those of us who have this belief, we should take the time to thank the Lord and enjoy this time with family and friends.  Always keep the faith in God. For we Catholics, it is considered a higher day than Christmas.                           Have a Blessed and Happy Easter!                 For my Jewish friends . . . . . . Happy PassoverHappy Easter To All My Friends And Family
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
How Do I Win This Bid?  Buyer's Frustration in a Seller's MarketAcross the country, it is a fury of sales created by possibly the pandemic and low interest rates as a result.  With people looking to make their families safe, home sales are in a trend that has not been seen ever.The pandemic has put working people into a virtual job, where they are working from home and not needing to go into their actual place of work to be productive. In fact, people are realizing that they can be more productive working remotely as there are fewer interruptions and distractions from co-workers.This all feeds into the demand for more space or in the case of renters, finding a home of their own and paying rent instead of someone elses' mortgage.   So we start to look for houses only to find that there a...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
It's Spring And The Flowers Are Starting To BloomIt's been an unusual spring with warm and cold days and the blossoming of the early flowers has been a little delayed. As I walked round the yard, however, I noticed the emergence of some of the early colors.The purple crocus seemed to be stretching after a long sleep and getting ready for the warmer days. Near by another crocus popped out, but isn't quite ready to show it's stuff. Maybe the 49o temperature has something ot do with it's hesitation.At the side yard, these daffodils did emerge, but still a bit on the small side and some are not quite ready.It's Spring And The Flowers Are Starting To Bloom
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Spring Is In the Air  In reading some other blogs this morning I was a bit jealous as others are enjoying the first buds of spring and we are still laboring with cooler temps and a ground that isn't quite ready to release the buds.But we are close:Some of our daffodils have already broken through and with a few more days of warmth and we will have some flowers.But the sign that most stirred my soul was on my neighbors yard, which after all is a little further south than I am, and that made me feel cheery.Spring Is In the Air
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s Happening in The Prospect CT Real Estate Market Prospect February 2021?    Search for homes in Prospect CTCurrently in Prospect CT there are 18 active residential listings for sale, with 12 new listings added in February. The homes for sale in Prospect CT range from a 982 square ft, 2-bedroom mobile home, listed at $82,900 to a 2,550 square ft, 4-bedroom colonial listed at $499,900. The average list price of the homes currently available for sale in Prospect CT is $319,622. The average days on market for these homes are 77 days. In addition, there are currently 3 homes under hard deposit in Prospect CT.  In February, 8 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 968 square ft, 2-bedroom mobile home, which sold for $62,000 to a 2,513 square ft, 4-...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
How Do You Know When You've Done Your Best?It is often said to just try your best. Well when we have tried our best do we have an internal meter that registers sufficient, partially there or even more to go? At what level is our best achieved?I have been working to get a listing through the appraisal and closing process.  It has had it's challenges but could finally be getting there.  The appraiser called for access and as there have been some unfinished contracts on the house asked for some specifics as the loan was recently changed from conventional to FHA.As we discussed the house he was appreciative of the details and when we were through he offered that I had made his job much easier for the explanations I offered. He further offered that he doesn't always get this degree of cooper...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
It's Valentine's Day  A Day To Show Love and Appreciation In general, Valentine’s Day is a special day to celebrate romance and love. It is usually celebrated by giving significant others flowers and gifts to demonstrate affection. It is celebrated in honor of St. Valentine, a third century Roman saint associated with love and marriage. We celebrate it with an exchange of special cards, and maybe a small token of a gift. We don't go out to dinner on the day as we don't like a special menu or to be pushed out before the next shift comes.We will find the time to enjoy that meal, but after you spend enough years together the understanding if appreciation does take over and a special look or touch carries its meaning all too well.Hope all will take the time to express those feelings with yo...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s Happening in The Prospect CT Real Estate Market Prospect January 2021?   Search for homes in Prospect CTCurrently in Prospect CT there are 17 active residential listings for sale, with 6 new listings added in January. The homes for sale in Prospect CT range from a 938 square ft, 2-bedroom mobile home, listed at $62,000 to a 3,341 square ft, 4-bedroom colonial listed at $470,000. The average list price of the homes currently available for sale in Prospect CT is $317,800. The average days on market for these homes are 80 days. In addition, there are currently 6 homes under hard deposit in Prospect CT.  In January, 12 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 1,001 square ft, 2-bedroom ranch, which sold for $238,000 to a 2,465 square ft, 3-bedroom...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
The First Nor'Easter Storm of 2021 in Prospect CT Was a DoozyWe got a significant snowfall over a 24 hour period that left large piles in it's wake. In our driveway I measured 15" of snow with drifts in sheltered areas over 2 feet deep.The storm dropped over 2" an hour at it's height and there were hevy winds gusting up to 40 mph at times.Our back deck was deep as the wind seemd to circulate heavily.It will be a while before I worry about getting out to the back yard to clean up the winter debris.My wife put the christams present I got her lats year to good use.  I found anything else to do so as to not disturb her.We may get a few more inches of the white stuff over the weekend so the sovels can't be put away as yet.The First Nor'Easter Storm of 2021 in Prospect CT Was a Doozy
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Patiently Waiting for A Turn To FeedWe are in the middle of an old fashioned Nor'Easter and almost all signs of activity are ground to a halt. Except for the birds coming out to take their turn at the feeder still full of seeds.And waiting for the feeder to clear out a little to maintain proper spacing, even among the birds, one lone cardinal sits in the trees nearby, patiently.We all need to protect ourselves from the cold and proper nutrition is a good way to start.If you find yourself with nothing to do during this storm log onto the site indicated below and look for homes that you might wish to buy. The give me a call and we'll discuss your needs.Patiently Waiting for A Turn To Feed
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Prospect CT 2020 Year End Real Estate Market AnalysisThe year 2020 was an unusual year for so many reasons.  With the pronouncement of the pandemic back in mid February of the year, the world watched in disbelief as the virus spread at an incredibly fast pace and affected all ages all over the  world.As business ground to a slow halt, it was a matter of where could one go and how safe would we be.  In the world of real estate, the exuberance of the business that had started in 2019 started to slow the enthusiasm as people became wary of venturing into homes not knowing who was there or their health. Likewise, sellers were wary of having people come into their homes and possibly bringing in a bacterial issue that would infect their families.In spite of this, after a brief pause the marke...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s Happening in The Prospect CT Real Estate Market Prospect December 2020?   Search for homes in Prospect CTCurrently in Prospect CT there are 24 active residential listings for sale, with 13 new listings added in December. The homes for sale in Prospect CT range from a 938 square ft, 2-bedroom mobile home, listed at $62,000 to a 3,520 square ft, 4-bedroom colonial listed at $420,000. The average list price of the homes currently available for sale in Prospect CT is $301,682. The average days on market for these homes are 80 days. In addition, there are currently 7 homes under hard deposit in Prospect CT.  In December, 14 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 864 square ft, 2-bedroom ranch, which sold for $235,000 to a 2,400 square ft, 4-bedro...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
The Prospect CT Christmas Tree Burning is CancelledDue to COVID-19 restrictions the Prospect Volunteer Fire Department won’t be hosting its annual Christmas tree bonfire due. Residents can still drop off their Christmas trees for the department to burn. The fire department will burn the trees as part of a training exercise at an unannounced time. In the past the fire department has burned Christmas trees in a bonfire in January on the field across from the Prospect Community Center on Center Street, and people are invited to attend and roast some marshmallows provided by the town. Due to limits on gatherings, the annual bonfire is canceled. Trees must be dropped off before Jan. 23 and all decorations must be removed.Residents can also dispose of Christmas trees at the recycling center a...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
The Time To Prepare your Connecticut Home for The Spring Market Is NowFor people in Central CT looking to sell their house on the market, the time to prepare is now.  The market has been very active and inventory favors sellers, but that doesn't mean the home doesn't need to be properly prepared for that special buyer. This is especially true as even in a seller's market, the competition with other sellers will still be fierce and the best presented, priced home will get that buyer quicker.The best way to start the process is to bring in an agent, or agents, for their evaluation of your home as well as an opportunity for you to interview the agent (s) to help decide which one would be best to sell your home.From the outside, curb appeal is the first impression. The client can often deci...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
A Home Inspection Is Not An Opportunity To Re-Negotiate the ContractIn the current active market, buyers need to be aggressive in order to get a working contract on a home.  When there are multiple offers, which is quite common in our aggressive market, the offers get more creative and often less likely to contain requests for seller concessions.Home inspections are performed with the purpose of ensuring that all components within the home are in good working condition also for issues that were disclosed, that all are as offered. Typically, if there are problems that an inspector uncovers it may also be unknown to the sellers. The process is for the buyer to either request the repairs be done prior to closing or if time does not allow, then a credit should be extended.Any request for a ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
2020 Merry Christmas From Prospect CTThis past year has been has been like nothing we have ever experienced before and hopefully all that my read this have been exempt from personal loss from the virus at least.  For the most part we are well in our household even though the days are not spent as we have celebrated them in the past.The Town Hall here in Prospect CT is lit up with creatures nibbling at the snow which is probably all gone now due to the warm temps and the rain.The tree on the town green is aglow with white lights that also brightens the eyes and heart of all that drive by.And inside our home, we , along with Santa, want to wish all a Merry Christmas, as well as a healthy day to all2020 Merry Christmas From Prospect CT
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Memories of Christmas PastThis being the season of Christmas and seeing so many posts about past Christmas memories reminds me of quite my most memorable if not worst Christmas.  I was maybe 7 or 8 years old at the time and as all kids at Christmas had visions of what Santa might bring me for Christmas.  I got up much earlier than anybody else and went into the front room to see if Santa had visited.  Once the tree was in view, I saw absolutely nothing but the new bicycle that had been placed so prominently in front of the tree with a large bow attached.  I went to the bow to see the greeting to me from Santa only to be disappointed to see that the largest and best present under the tree was from Santa to my brother.How awful!  I felt betrayed and heart broken and a touch of envious ang...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Prospect CT Home Owners Received Greetings From The TownFor all homeowners of Prospect CT, this weeks mail included a special greeting from our town hall.  More specifically from the office of the Assessor.  In accordance with state law, towns are required to perform property revaluations every 5 years with an actual physical or entry appraisal to be done at least once within a 10 year span.The last physical revaluation was completed in 2015 for the year ending Oct 2015.  This year the changes were completed based on actual sales of similar style homes in Prospect within the past year.That means that different home styles were not compared to each other therefore skewing the individual values.  As an example, my own home saw a $7,000 increase in it's assessed value, which represents 70%...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Winter Came In Strong in Prospect CT  Dec 16 2020The storm came in with the strength of a Nor'easter and when I measured the depth in my yard, I was just a hair under 10 inches in depth.The good news was the temperature was so cold that it was not heavy to shovel, but it's volume created large piles all around the walks and driveway.For so many the idea of a winterland for Christmas is exciting and with the day a week away, it won't look as pretty then.We have a level yard with a lot of plantings along the borders as well as a large deck for warm weather entertaining.  It's all in a dormant stage until next spring.Even from the street, the snow is attarctive and adds that typical New England charm that we appreciate at Chrismas.But for my tastes I still like the look in the yard in June...
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