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November 21, 2008
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Berlin, Connecticut

Reported by Chip Stamm, REALTOR

Updated August 6, 2008.

Current Market Rating: 2




1
2
3
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5
Buyer's

Seller's

Current Price Trend: 2




1
2
3
4
5
Falling

Rising

The town of Berlin has engaged in an extensive development plan to attract businesses and benefit residents along the east-west corridor from Cromwell to New Britain (Rt 372 - Mill St. and Farmington Ave.). Improved vehicular and pedestrian linkage, roadway screening and neighborhood connectivity have made a dramatic impact on this traditionally rural landscape. Add to this the extensive improvements to the railroad bridge that crosses Farmington Ave. at the Berlin Amtrak Berlin Station at the Central Core of town and this town has new appeal to both businesses and homeowners.

Compared to a year ago, all three indicators .....the average DOM (days on market) prior to sale, the number of home sales per month, and prices have dipped slightly. More lower priced houses have closed since June and High-end homes in excess of $400,000 have recorded about a 8-10% loss in market value.

Great time to upgrade from your starter home and into a larger property......starter homes are holding value.


ZIP Code: 06037

Approximate Location Boundaries: Newington, New Britain, Southington, Meriden, Middletown, Cromwell and Rocky Hill

Location Characteristics: Up and coming town with rural flavor and great suburb living. Just south of Hartford with the newly renovated BERLIN STATION directly on the AmTrak line between Hartford and New Haven to New York City..... and north through Hartford to Boston.

For More Information:

View Market Conditions of other areas served by Chip Stamm

Navigate: Top > Connecticut > Berlin

About Chip Stamm:
Engineer / Developer / Non-Profit Corp Chairman
BA - Physics / Political Science - Lake Forest College, Illinois
BS - Engineering - University of Hartford, Connecticut
MS - Management Engineering - Rensselaer Polytechnic Institute, Troy, New York
Project Engineer - R&D - Stanadyne Diesel Systems, Windsor, CT
Director Site Construction and Safety Officer - Stamm Construction, Newington, CT
Chairman - Connecticut Freemasons Foundation
Chairman - MasoniCHIP International
Realtor - Century 21 Eddy, Newington, CT

When You Are Ready.....Call Century21 Eddy
860-666-1449.....Ask for Chip Stamm



These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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