Town Watch is an ongoing Home Selling Team series highlighting local planning, zoning, and development discussions that may affect property owners across Eastern Connecticut [...]
Local planning decisions often shape the future of a town long before they show up in real estate statistics.
Town Watch is an ongoing Home Selling Team series highlighting planning, zoning, land use, and development discussions across Eastern Connecticut communities. These updates are designed to help property owners stay informed [...]
Mansfield, Connecticut continues to experience housing pressure driven largely by the presence and growth of the University of Connecticut. As enrollment levels, student housing demand, and rental patterns evolve, local zoning discussions increasingly focus on how the town can balance student housing needs with long-term residential [...]
If you’ve ever tried to figure out what a piece of land is worth, you’ve probably noticed something frustrating:
That’s because land doesn’t behave like houses, and valuing it requires a very different way of thinking.
As someone who has worked with residential property, landowners, and developers for decades, I can tell you this [...]
By now, two things should be clear:
Yet this is where many land valuations still go sideways.
Someone pulls a few “comps,” averages the numbers, and calls it a day.
That approach works poorly for land — and often costs owners real [...]
If you’ve spent any time around real estate — especially land — you’ve probably heard the phrase highest and best use.
It sounds important.
It sounds official.
And it’s often used without much explanation.
In reality, highest and best use (HBU) is one of the most misunderstood concepts in land valuation — and one of the most critical.
This post explains [...]
HST Home Selling Team in Mansfield CT recently completed our annual office ORTBO to recognize and honor our HST agents and staff. The event was held at Hilltop Restaurant in Willington and featured Sacred Rhythms Homestead and Wicked Folked for a joint program of Tarot & Terrariums.
Sales production awards were presented to agents within 3 categories of HST [...]
The Town of Mansfield, CT has completed its 2024 property tax revaluation, and new home assessment notices will be mailed out by March 10, 2025. These updated assessments determine your property taxes, but what if your home’s value has been [...]
As we kissed 2023 goodbye for it's hellacious buyer's market (inventory at a 28-year low) and an incredibly lucrative year for sellers who could find something to move to, (national median price of $389,900), it's time to reflect on the rollercoaster ride that was the real estate market in the Mansfield-Storrs-UConn, CT area. From soaring [...]
2022 was an exciting and prosperous year at HST. We worked, we collaborated, we learned, we worked some more. 2021 was a different year: we masked, we gloved, we cleaned, we zoomed, we learned, and worked a lot, sometimes with stressed clients and stressed agents. In 2022, as the COVID pandemic has slowly lessened its stranglehold on [...]
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