Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Everyone and their uncle seems to be offering their thoughts and predictions for the national housing market in 2008. Let’s take a look and see how West Hartford did when comparing 2006 to 2007. Because, as we all know, housing is local. This is not Phoenix or Vegas or Miami. All data was pulled from the Multiple Listing Service (insert the standard “deemed reliable but not guaranteed” disclaimer here…) and represents single family homes sales
One of my favorite houses on Prospect Avenue in West Hartford recently sold. I typically walk by it on a daily basis while walking my dog. Well, in July, it went up for sale. It was bank owned and being sold As Is, originally listed at $769,900, which was about $100 a square foot. Not bad considering that houses on Prospect Avenue typically sell for $150-$225 a square foot. I went to take a look
Most importantly today, please go vote. You have until 8:00PM to get to your local polling place. So get a move on if you haven’t already… Now, back to real estate topics. If you saw the lead article in the Hartford Courant today, you might think the sky is starting to fall on the local real estate market. This September was a slow month historically for sales and it’s going to take several months to
My favorite mantra in residential real estate is “the market is local.” You can read all of the national news reports you want about how foreclosures are overwhelming Ohio and Michigan and how housing prices are dropping faster than Britney’s fan base. But if you live in an economy like Connecticut with a stable job market and reasonably paced home construction, you shouldn’t expect the sky to fall on the housing market. And after doing
There was an interesting article published in the Hartford Business Journal yesterday regarding local condo sales. For the first six months of this year, condo sales are off by more than 16% in Hartford County compared to 2006. However, the median price is up 1.5% over 2006. Huh? With more inventory sitting out there longer, why aren’t buyers paying less? My guess is that we are talking median sales price vs. mean sales price. I