February Condo Contract Musings

Through the first two months of the year, buyer interest in condos has been relatively mild. The February data on contracts in Hartford County show that 26% fewer deals came together this February versus last. Overall, there is 8.6 months of supply, which by definition makes it a buyer’s market (6 months of supply is the threshold). Despite the relatively high inventory levels, the supply is not always distributed in the same manner as the

Weekend Plans: Mar 12th 2011

Daylight savings starts on Sunday … or maybe it ends on Sunday. I can never remember if we save daylight in the summer or winter. Whatever it’s called, the clocks spring forward on Sunday morning at 2am, costing us an hour of sleep. Looking at the bright side of the issue (ha!), it will be light even later in the evenings this coming week, allowing home buyers to actually see the houses they tour after

10 Walbridge Road, West Hartford

This charming West End-style colonial is located in the always popular Elizabeth Park neighborhood. The home offers 6 bedrooms and 3.5 baths over 3,171 sqft. A landscape architect designed custom patio welcomes you to 10 Walbridge Road and invites you to sit and chat with your neighbors. Inside a traditional foyer greets your guests and is flanked by the formal living room which features a fireplace, built-in book shelves, and French door access to the

February Contracts Show Single-Family Snoozefest

Negotiated contracts on single-family homes in February 2011 were down about 24% from the year-previous monthly tally. We thought the market felt slow, and the numbers definitely support our anecdotal evidence. Activity levels varied widely between towns. Avon came out of the month as the big winner with a sharp increase in contracts. At the other end of the spectrum, Enfield and Southington finished with less than half the market activity of last year. The

62 Wells Road, Wethersfield

This traditional Cape has the architectural details of the 1930s with numerous modern updates. The home welcomes you with a large living room featuring a red brick fireplace and crown molding. The original oak hardwood floors carry through most of the property. Behind the living room is a large kitchen that has been extended out the back to create a comfortable eat-in space. New cabinets, counters, appliances, and tile make for a dramatic cooking environment.