Connecticut Real Estate, Market Condition Blog.

Connecticut Real Estate Buying and Selling in the New Haven and Hartford County Area.

Archive for August, 2008

Prospect Ct Ice Cream Parlor, DB Scoops in the Dairy Bar

Posted by Dave Jones Realty on August 28, 2008

Prospect Dairy Bar & Restaurant

Prospect Ice Cream

If you are traveling along Route 69 headed towards New Haven, or From New Haven towards Waterbury, the Prospect Dairy Bar and Restaurant is a must stop. It is a family owned and operated Breakfast, Lunch and Dinner place that has been in business over 50 years! The Dairy Bar has just completed some renovations including “going back to their roots” and having a Full Service Ice Cream Shop. They now feature 16 flavors of Hershey’s Ice Cream including such great flavors as; Strawberry Cheesecake, Cookies and Cream, Chocolate Peanut Butter Cup, Cotton Candy, and many many more. All of these flavors can even be had in an old fashioned Milk Shake, scooped and made right in a frosted metal canister.

PDB DB Scoops

Prospect Ct Ice Cream Parlor

Some Delicious Flavors of Ice Cream!

Prospect Ice Cream Parlor

DB Ice Cream

DB Scoops Ice Cream in Prospect

Dairy Bar Neon Ice Cream Cone

Prospect Ct Ice Cream Parlor

You could also precede your ice cream with such great items as a foot long Hummel hot dog, a charbroiled hamburger, or some fresh Soup or Salads. There is a large deck to carry out your food or ice cream as well. Be sure to stop in and check it out!

Prospect Ct family Fun

Wall Mural painted by Ed Harrison

Prospect Ct family Fun

Charbroiled Burger Basket made to order.

Dairy bar restaurant and ice cream

Original Porcelin Trolly Sign

Original Dairy Bar in 1953

The DB Being built in 1953

From the back Menu at the Dairy Bar

“Back in 1953 if you were passing through the small farm town known as Prospect you could have stopped at the Dairy Bar for Ice Cream and other farm fresh dairy products that were straight from the Visockis’ farm down the road. Vincent did the cooking and his wife Olive prepared all the soups, sandwiches and desserts.

In 1984 John & Carol Jones assumed Ownership of the Dairy Bar and also the tradition that accompanied it. For the first time ever the Dairy Bar was kept open year round.

Even though some cosmetic changes and expansions have taken place, there are some things that will always remain the same about the Dairy Bar, Prospect’s oldest continually run business; The hand painted mural depicting Prospect’s local land marks, the checker board floor, the fresh baked pies, the daily specials, the char-broiled burgers and homemade soups are sure to remain.”

Prospect Dairy Bar Ad

David Jones, REALTOR®,e-Pro®
Smedes Realty
37 Waterbury Rd.
Prospect,Ct 06712
www.DaveJonesRealtor.com
203-758-0264 Office
203-910-2638 Cell

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Prospect Annual Sock Hop Car Show on the Green.

Posted by Dave Jones Realty on August 16, 2008

While I was in town hall today I noticed Mayor Bob getting some new fliers printed.  I brought them home and scanned them.  This is for the annual Sock Hop on the Green in Prospect.  He said they expect 4,000 people, and close to 500 cars.  It is one of the biggest in the state now.  There will be all the local vendors setup too

The Dairy Bar http://www.ProspectDairyBar.com will be doing Phlly Steak sandwiches, Fries, Burgers & Dogs

Baki’s Pizza will be there along with;

Prospect Pizza

Spill the Beans

The Big Dipper Ice Cream

The Flower Farm with corn on the cob and watermelon

and several others.  THere will also be 3 live bands playing.  It is always a GREAT Time!

 

It is Sunday August 24th, 2008 on the Town Green in Prospect.

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Mayor Bob’s Summer fun week in Prospect Connecticut

Posted by Dave Jones Realty on August 16, 2008

Here is another upcoming event in Prospect.  Summer Fun week it is called!  Mayor Bob and the town of Prospect put it on every year before the kids head back to Region 16.

What a great time it is, if you have children or your grand children, go there.

Below is the flyer.

Prospect Ct Summer Fun Week

 

It is on the town Green in the Center of Prospect.  It is August 18th-August 24th.

Every day there are different activities and snacks for the kids.

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Real Estate in Prospect Ct, Is now a good time to sell? Ask a REALTOR in 06712

Posted by Dave Jones Realty on August 6, 2008

Everybody wants to know how to properly time the Volatile Housing market to make out the best when buying or selling a home. It’s just natural. This is especially true if you’re thinking about buying in a down market where homes prices are declining. You wonder how low they will go and whether you should wait, right?   

If you sell and “buy up” simultaneously, you’ll still be ahead of the game because the price reduction on the purchase is greater than the loss on the sale.  By “Buying Up” I mean purchasing a larger, more expensive house than the one you are selling.

Let me show you exactly what I mean.  If your present house is worth $300,000, but because of high inventory and the lack of qualified buyers, you must reduce your price by 15%. So, instead of receiving $300,000, you would get $255,000 and “lose” $45,000.  If you are planning to move up to a $500,000 house, which is located in the same down market, you could probably buy that house at that same 15% discount or $425,000. This would mean you had saved $75,000.  So you “lost” $45,000 on the sale of your home but you “made” $75,000 on the purchase of your new home So you are actually $30,000 ahead. 

If you are downsizing then the reverse is true.  You are taking a bigger loss on the sales price, and the amount you are gaining buy “buying down” will be smaller.

Another Huge thing to consider, the interest rates!

It is also VERY important to monitor which way interest rates are moving? Are they moving up or moving down? If interest rates are near an all-time low and beginning to inch upwards, waiting could cost you far more than you would think. You might not be able to afford to buy a home at any price.

*Each .25 (1/4) point increase in your interest rate gives you $12,500 less in purchasing power

 *Each .50 (1/2) point increase in your interest rate gives you $25,000 less in purchasing power.

*Each 1 point increase in your interest rate gives you $50,000 less in purchasing power.  

*Each 2 point increase in your interest rate gives you $100,000 less in purchasing power.

*Each 2.5 (2 ½) point increase in your interest rate gives you $125,000 less in purchasing power.

Look at the Differences Among Purchase Prices versus Interest Rates

If you put down 20% and take a 30 year mortgage for the 80% balance, here are your principal and interest payments on the following purchase prices:

$425,000 sales price, at 8.25% interest, your payment is $2,554.

$450,000 sales price, at 7.75% interest, your payment is $2,579.

$475,000 sales price, at 7.25% interest, your payment is $2,592.

$500,000 sales price, at 6.75% interest, your payment is $2,594.

$525,000 sales price, at 6.25% interest, your payment is $2,586.

 

The payments are almost identical. However, the home you can afford to buy a 8.25% is $100,000 less than the home you can afford to buy at 6.25%. If you wait for home prices to further decline, the actual value could be lost due to higher rates.  The best thing to do is talk to a Mortgage Company or your local bank and find out what rates you qualify for.  This will help you to make a decision that works best for you and your family. 

 

 

 

 

 

 

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