March Contracts: Doppelganger

Hartford County finished March with 911 single-family properties accepting bids. The total was within 1% of the March 2018 total, and on a year-to-date basis the County is about 0.4% ahead of 2018. The first quarter was amazingly similar to last year, which bodes well for the remainder of the year. An important trend so far this spring was the decline in mortgage interest rates. Buyers were getting loans at about 4.5% at the beginning

February Contracts: Poised for Spring

The Hartford County single-family market finished February with 706 contracts, a 2.2% increase over February of last year. The year always begins with a slow ramp up of activity as new listings come onto the market, and buyers begin to think about the spring. Market data shows that the inventory of available homes is still quite low in many towns. Buyers tend to behave in one of two ways when there are not a lot

Real Estate Math

Of the various maths involved in residential real estate, calculating the value of home improvement projects is the most difficult. Return on investment is ultimately determined by the market. There are no definitive answers, unlike there are in the problem above. A quick quiz: Which of these projects tends to provide the best return on investment for sellers?    A. Back Yard Patio Installation    B. Garage Door Replacement    C. Minor Kitchen Remodel    D. Window Replacement Buyers

Shopping Around: $1,600/month Rentals

It’s always fun to survey different markets to compare prices. Today we have three $1,600/month rentals for your consideration: Option 1 is a totally updated 2 bedroom at 33 Charter Oak Place in Downtown Hartford. Option 2 is a spacious 3 bedroom in a great location at 151 Maplewood Avenue in West Hartford. Option 3 is … whatever this is in NYC: $1,600 per month/studio Chelsea, NYC pic.twitter.com/HoY11iE8Yq — J (@AmericaCanceled) February 9, 2019 Clearly

January Contracts: Getting the Year Started Right

The Hartford County single-family home market opened 2019 with 604 contracts in January. The total matched last January’s deal count almost exactly, and set the stage for another strong year in the real estate market. It is far too early to even consider looking at town-by-town trends in detail. We typically don’t even try to interpret the nuances of the market until after the majority of the spring market rush has passed. At this point