The Register Citizen (Torrington, CT)
Pearce Real Estate adds 2 staff members
NORTH HAVEN — Barbara L. Pearce, CEO and president of Pearce Real Estate, recently announced that Jamal Mitchell has joined Pearce Real Estate’s New Haven office as a residential sales agent; and that Rosemarie Zito has joined the firm’s regional Wallingford office as a residential sales agent. Both report to Nanette Pastore, Senior Vice President and New Haven Office manager.
Mitchell comes to Pearce Real Estate with prior experience in real estate and health care. He made the decision to change careers to become a real estate agent after going through the purchase of his own home. When asked why he chose to move to Pearce Real Estate, he said, “Pearce has a strong sense of community and teamwork. The environment is professional yet fun. I look forward to working with this team of dedicated professionals in my home town community.”
A lifelong resident of New Haven, he resides in the Westville section with his wife, a physician and professor at Yale University, and their 3 young children. He is involved with community sports and organizations such as the Downtown Evening Soup Kitchen, the Boy Scouts of America, Guilford Basketball League and the Jewish Community Center Basketball League team.
Zito is a lifelong resident of the greater New Haven area, growing up in Branford, then being a longtime resident of North Haven with her son, Nicholas. Ms. Zito has many years of experience in the financial sector, as well as in small business.
Pearce Real Estate is a full-service real estate company with more than 100 agents and eight branch offices in greater New Haven and the shoreline. Commercial real estate offices are located in North Haven, Milford, and Rocky Hill. All listings are available on the web at www.hpearce.com and www.hpearcecommercial.com
Klemm Real Estate receives prestigious awards
WASHINGTON — Klemm Real Estate has just been notified that it is a recipient of a Five Star award for the Real Estate Agency category for Connecticut and achieved a Regional Nomination from the International Property Awards. Klemm once again competed against a number of real estate professionals from all over the world to receive the recognition.
The nominees, an elite group of real estate professionals from the United States, Canada, South America, Central America and the Caribbean attended the awards gala in Toronto on Nov. 13.
The Americas Property Awards are broken down into four geographical regions: Canada, the Caribbean, the United States, and Central and South America. Awards were given out for each region’s most exceptional real estate agencies, lettings (renting) agencies, property consultancies, and individual real estate agents. The winners were announced as either a ‘Highly Commended’ or ‘Five Star’ winner and presented with special plaques during the awards ceremony.
The International Property Awards are open to residential and commercial property professionals
from around the globe. Since 1995, they have celebrated the highest levels of achievement by
companies operating in all sectors of the property and real estate industry. “We are proud to be
among this distinguished field of leading international real estate companies yet again,” said
Graham Klemm, President of Klemm Real Estate.
Klemm Real Estate has offices located in Washington Depot, Woodbury, Litchfield, Roxbury, Lakeville/Salisbury and Sharon. The firm is staffed by 40 associates serving Litchfield County for more than 30 years.
For information, call 860-488-6635, email Graham Klemm at g@klemmrealestate.com; or visit www.klemmrealestate.com.
GHAR report: Single family home prices are up
HARTFORD — According to the Greater Hartford Association of REALTORS® (GHAR), the median sale price of single family homes in greater Hartford rose 2.58 percent (from $213,500 to $219,000) over October of last year. Closed sales also increased 3.59 percent (from 976 to 1011) and new listings rose 6.49 percent (from 1356 to 1444) over this same time period. Inventory decreased 21.37 percent (from 6223 to 4893) and the average number of days on market increased 22.95 percent (from 61 to 75), over October of last year.
In year-to-date statistics, closed sales increased 2.84 percent (from 10,123 to 10,410) and the median sale price decreased 0.22 percent (from $222,500 to $222,000). New listings decreased 3.70 percent (from 17,099 to 16,466) and the average days on market dropped 6.15 percent (from 65 to 61 days) from the beginning of the year when comparing to the previous year.
Condominium sales increased 6.07 percent (from 214 to 227) over October of last year. The median sale price increased 7.80 percent (from $137,750 to $148,500) and the average days a condo spent on the market increased 10.14 percent (from 69 to 76 days). Condo inventory dropped 30.53 percent (from 1569 to 1090), over October of last year.
In year-to-date statistics, condominium closed sales increased 6.08 percent (from 2220 to 2355) and the median sale price remained unchanged at $145,000. The average days a condo spent on the market from the beginning of the year, when compared to last year, decreased 6.76 percent (from 74 days to 69).
“Another downshift in inventory makes it a challenge for potential buyers in this market”, stated 2017 GHAR President, Carl Lantz. “Affordability levels remain reasonable so anyone looking to buy should seek the expertise of a Realtor,” he said.
In the national outlook, Lawrence Yun, National Association of REALTORS® chief economist, says closings mustered a meager gain in September, but declined on an annual basis for the first time in over a year (July 2016; 2.2 percent). “Home sales in recent months remain at their lowest level of the year and are unable to break through, despite considerable buyer interest in most parts of the country,” he said. “Realtors® this fall continue to say the primary impediments stifling sales growth are the same as they have been all year: not enough listings — especially at the lower end of the market — and fastrising prices that are straining the budgets of prospective buyers.”
The Greater Hartford Association of REALTORS® (GHAR) is the largest local real estate trade association in Connecticut, serving over 4000 members in the 57 town Greater Hartford real estate brokerage community. The Association provides technology, training, networking and business support to members, and supports a healthy real estate market by upholding high professional and ethical standards through a Code of Ethics, ongoing education and certification programs. As the advocate for the real estate brokerage industry, GHAR is the Voice for Real Estate® in the Greater Hartford region. For more information, call 1.860.561.1800 or visit www.gharonline.com.