Just 90 minutes from New York City and less than 10 minutes from Lake Waramaug, this home is the perfect weekend retreat from your busy city life. A modern, open style with 3 levels of living space makes living a breeze.
Large eat in kitchen with sliders to the deck overlooking the back yard and pool.
Spacious living room with a focal point fireplace and sliders to the deck.
Bedroom or office
Master suite with walk in closet and private bathroom
2 large, light filled bedrooms
Second bathroom for bedrooms
Washer and Dryer
Large family room with sliders to pool
The house has geothermal heating and air conditioning and is fully alarmed. There is an inground pool for you to enjoy.
2 Bear Lane is located in the Northville section of New Milford, in much desired Litchfield County. Check out the photos below, just click on them for a full color brochure. And give me a call to show you your new home, 203.460.1775.
It is so hard to listen to national news about the “hot” real estate market others are experiencing across the country and wonder if it is happening here in New Milford, CT. It is a complex answer as you can see below. Did we hit bottom and are now on the way up? Is it a sellers market in New Milford? . We are on track to have the best month in number of sales for 2013, if things continue to go as they have so far. I don’t believe the total number of sales will be jaw dropping, but any improvement is good. There are a few more days for homes to close in May, I will have to be patient to get the final numbers.
The success of the real estate market is tied to many other things, the employment rates in the state, the proximity of jobs available to New Milford, confidence in the housing market, good rates and a lower housing inventory. Connecticut again posted a rate higher than the national unemployment averages which needs to come down in order for the real estate market to feel more positive effects.
The unemployment rate in Connecticut has been at 8.0 for the last three months, the national average for April posted at 7.5. When we hear that the real estate market in our neighboring state of Massachusetts is really heating up you must look at their unemployment rate, which was last posted at 6.4%, where it has been for a while. This means more people in Massachusetts are working and can afford to purchase homes. They have more jobs, a shrinking pool of homes available for sale which creates the perfect storm. I must qualify that statement, I know that the Metro Boston area is doing very well in the housing market, I don’t know how the rest of the state is doing. The metro area seems to be on fire!
A new problem for New Milford CT seems to be an abundance of short sales.
Our inventory is still down, which is a great thing for sellers. Although for buyers looking up to $300,000 it is slim pickins, and much of those are short sales, a full 10% of the active single family homes for sale in New Milford are now short sales.
What impact does this have on a seller? If you are not in a short sale position and you price your home correctly according to condition and location, you should find that you will have lots of showings and hopefully an offer fairly quickly. I will warn you that overpricing can cause issues, especially when it comes time for the buyer to do an appraisal.
If you are a seller in a short sale position, it will take longer to sell, however with the inventory shrinking you just may procure that much needed offer. It is imperative that you are prepared to work with your agent, attorney and lender to get the ball rolling as quickly as possible once an offer does come in! Some short sales can be pre approved prior to going on the market, if you would like to know if that is your situation, give us a call at 860.946.0686 to further discuss the matter.
34 homes are under deposit. of these, the majority (15 homes) are in the $200,000-$300,000 price range. Again, this seems to be our hottest market right now. Of the homes that are under deposit, 4 are short sales and 2 are foreclosures.
40 homes are listed as sale pending. This means contracts are signed and most contingencies have been met. 15 of these homes are short sales which translates to 37.5%. That is very, very high. These short sales will sit in the pending sale status for far longer than a traditional sale making it very hard to judge what is going to happen. 3 homes that are pending sale are foreclosures.
Buying a home in New Milford, CT can be tight for anything under $300,000. First time home buyers can get very frustrated, many of the homes they are looking at are short sales that may need work, and very importantly, time to wait for the short sale to be approved by the lender. Homes that are priced well and are not short sales are moving very, very quickly. Often with multiple offers on them. This means you must be FULLY prepared when looking for a home.
Pre qualified, or better yet, pre approved (if possible)
Ready to run out and look at a moments notice
Be prepared to decide quickly to put an offer in or move on
Remember, in this lower price range it is NOT a buyers market, do not play around with low ball offers
What we are seeing is in a multiple offer situation, sellers are choosing buyers that are NOT using 100% financing. This does not mean there isn’t hope if you are using a product that is 100% financing, but you must be+ aware you may have to move on until you find someone that is not afraid of 100% financing. The housing market in New Milford is not sliding backwards and this is good news. It is fragile, and those who are selling or buying should know what the latest market conditions are.
Keeping you updated on the housing market in New Milford, CT.
We post detailed monthly market reports. Fill out the form below to get your monthly copy of our New Milford CT real estate market report. We do not sell email addresses, and will not use it for any other purpose than to notify you when the latest market report is ready.
Looking for a home with beach and boat rights to Candlewood Lake…. and seasonal views? Look no further. How about this home? Affordable and ready to go. This home is part of the Candleset Cove Community in southern New Milford, minutes to shopping and I84. You can be here in time for this lake season!
Foreclosures for sale in Southern Litchfield County, CT. We have all sizes and prices, fantastic estate homes to modest homes. As of this date there are 3 estate homes for sale that are foreclosures. The prices range from about 2.5 million to just under $850,000 (with over 45 acres). Each of these homes are fantastic, spectacular settings with all the bells and whistles!
Buying a foreclosure is not for everyone, they often require work to be done. For those who have funds enough to cover the work needed it can be a great choice. If funds are not readily available, another option is to look into 203K rehab loans which roll the money needed for repairs into the loan. You do have to use qualified licensed people to do the work with a 203K rehab loan, the lenders do come back and check to make sure it was done as agreed.
Inspections are a must if you are going to purchase a foreclosure, although sometimes it is very difficult to do this. Some lenders will turn the power back on, some won’t. Without power you won’t know about the water situation, and in the winter I am always concerned that pipes might have burst. If the lender does allow for power to be turned on for inspections, they often require the potential buyer pay to have the house de-winterized and then re-winterized. Each situation is different depending on the lender.
Next, inspecting a septic system for a house that has been vacant often will not give true results. I know the septic inspectors I recommend are very honest about this. They will check the system for defects, but you may find that once you are living there, the system fails. You should be prepared for this.
There will always be an element of the unknown when purchasing a foreclosure so it is vital that you try to learn as much as possible when performing inspections. Many of these homes have been rode hard and put away wet, so to speak!
You will need a bit of patience if you are intending to purchase a foreclosure in Southern Litchfield County. Give us a call to see what is available at 860.946.0686, or send an email to firstname.lastname@example.org. We would be happy to show you foreclosures that meet your criteria!
We have just reduced the price at 48 Reservoir Rd in New Milford, CT to 289,000! This is a wonderful 3 bedroom colonial with hardwood floors, granite kitchen with eating area and fireplace, large family room, formal living room and dining room, plenty of storage, good sized bedrooms, master with 2 closets and a full bath!
See for yourself, check out the photos of this fantastic 3 bedroom colonial in New Milford, CT.
48 Reservoir Rd is located minutes to the downtown area, great commuting location, easy access to Route 7 and I-84.
2,650 square feet
formal living room
eat in kitchen with granite counter tops
formal dining room off kitchen
2 car garage
For more information or for a private showing contact The SPA Team at 860.946.0686.
Are you looking for a condo in an active adult community in Southern Litchfield County? New Milford CT has beautiful condos for sale in our active adult, 55 and over, communities. If you are looking for a more relaxed lifestyle in a 55+ community, I am sure we can find what you are looking for here in New Milford. We have three such communities, Carlson Ridge, Laurel Ridge and Park Glen. Each different, all price ranges, the one thing they share in common is the beauty of Litchfield County that surrounds them.
Park Glen is a small complex, currently at 17 units. Park Glen is set in the beautiful Litchfield Hills conveniently located just off Route 202 in the Northville section of town. These are very high end condo’s in a wonderfully private setting. The units are large, with soaring ceilings. The lower levels can be finished for even more space if needed. Currently the condos for sale in Park Glen run in price from $584,000 to $459,000. There are a few resales, however there is still time to get in and customize your own unit if you prefer.
Next up is Carlson Ridge. This was the first active adult community in New Milford, the vary in size and price, lower than Park Glen. Many of the units have been upgraded, some are truly spectacular! You can’t help but notice all the beauty that surrounds you there. Carlson Ridge was built by Pulte Homes, starting in 2003. They are light filled with great floor plans, some have finished lower levels. There is certainly a great range of styles and prices for you to choose from.
The last is a newcomer to the active adult community in New Milford, called Laurel Ridge. When it is finished there will be 28 units. Laurel Ridge is located about 5 minutes from downtown New Milford, right off Kent Road. There is time to reserve the location of your choice and upgrade to your hearts content, or purchase a unit that is already in place.
Each complex has its own merit, they are all beautiful, convenient to shopping, medical centers, restaurants, movie theaters. Your choice of which complex is right for you!
Three bedroom home for sale in Merryall section of New Milford CT
5 Bucks Rock Rd, New Milford, CT
Square Feet: 1,560
Call The SPA Team (Swiedler, Pomerantz & Adams) at 860.946.0686 to see if this property is still available and to arrange a private showing.
So convenient, set close to town yet in the wonderfully wooded and private Merryall section of New Milford, CT.
This is a great opportunity for you to get in a three bedroom home in the beautiful Merryall section of New Milford, CT. This three bedroom split level is set on a level yard with trees offering privacy. You will love the open feel of the living room and dining room, with hardwood floors and a focal point fireplace. The deck is located off the dining room, perfect for outdoor dining and entertaining, or enjoying a relaxing day. The lower level has a family room with a walk out to the side yard. The three bedrooms are upstairs. The master bedroom does have its own full bathroom and plenty of closet space.
If you like living in the country, yet enjoy the convenience of town, you will love 5 Bucks Rock Rd. Set in the southern section of Merryall in New Milford, the beauty of southern Litchfield County abounds. The house is set up for an easy lifestyle to enjoy both indoors and out. There is a large patio in the back yard, as well as the deck. Lots of room for outdoor enjoyment! Inside the split level offers more convenience. Three levels, split into main living, bedrooms and family room allow everyone to enjoy! The house is ready for your finishing touches to make it your own. This is a short sale and will require lender approval for the sale.
Merryall is part of New Milford, CT, it is in the northern section of town, bordering Kent. Many people love the scenic farms, the woods, a real county feel. There are still farms in the area, a drive through Merryall is a pleasure to the senses!
Bucks Rock Road is a classic county road in Merryall. Just past the house it becomes a dirt road with farms and estates located on it, as well as the famous Bucks Rock Camp. A fantastic walk for those that enjoy a jog or walk, no need to drive anywhere to get your outdoor activities in. A quiet road, Bucks Rock is steeped in the history of Merryall!
Join us for an open house at 48 Reservoir Rd in New Milford, CT this Sunday, October 7th, from 1-3 pm. A beautiful 3 bedroom colonial in a convenient location, minutes from downtown New Milford, in the quiet countryside.
Priced to sell at $305,000.
Directions: Take Second Hill Road at the corner of Elm and Rt. 67 to Reservoir Rd on the right. House is on the right, look for the Prudential Connecticut Realty open house signs!
Great value here! Fox Ridge Estates, a much sought after neighborhood. This lovely 4 bedroom colonial backs up to open space, has a wonderful open floor plan, is set on a quiet cul de sac. For more information on 6 Fox Ridge Dr in New Milford, CT, see below.
This sale is subject to lender approval.
Fantastic Opportunity 4 Bedroom Colonial in Southern New Milford
Set close to Candlewood Lake, this lovely ranch home has been well cared for and maintained. Check out 1 Birch Rd in New Milford, CT, for sale. Be in by summer and walk to Lynn Deming Park in New Milford at Candlewood Lake!