25 South Highland St, West Hartford

25 South Highland

Lots of space and move-in condition make this 4-bedroom, 2.1-bathroom Colonial a perfect home.

Welcome your guests through the double door vestibule with tile floor and closet. Inside, the entry foyer is flanked by the formal living room with fireplace and dining room with French doors. The kitchen is fully renovated and features granite counters, stainless steel appliances and is open to the dining room. A bright, heated sunroom provides a nice space for an office, playroom or den. An updated powder room completes the first floor.

Upstairs, the master bedroom has double closets and a sitting area. There are three additional bedrooms and two bathrooms, one of which was recently remodeled.

The basement is partially finished for a more casual living area. There is also great potential in the walk-up attic for more finished space, or just a nice storage spot.

The home offers gas heat and hot water, fresh paint, hardwood floors throughout, a level yard, and a 2-car detached garage.

25 South Highland Street is offered at $285,000. If you’d like to see this home, please have your agent arrange a showing, or call me at 860-655-2125 to schedule a visit. More details and a photo tour are available.

WH Real Estate News: Mar 2017

The West Hartford real estate market continued its strong start with 66 closed single-family sales in March. On a year-to-date basis, the 156 closed sales in the first quarter were the most since the height of the real estate boom in 2004.

West Hartford Sales by Month - March 2017

Growth in sales activity over the past 12 months has been broadly distributed through the Town’s many price points. Only two segments of the market showed a decrease in activity, but for very different reasons.

West Hartford Sales by Price - March 2017

The decrease in the number sales below $200,000 is a positive for property owners, as it shows the strength of the market. Demand is much higher than supply, and competition between buyers has caused values to increase to the point where homes that used to be worth just less than $200,000 are now worth slightly more.

The top end of the West Hartford market has a different dynamic, with the supply of homes outpacing demand. The $1,000,000+ market is never very active in Town, but the pace of seven figure sales has fallen over the past 12 months. What we’re seeing anecdotally is that buyers are not particularly interested in taking on large historic homes that need updating.

Inventory data shows the supply and demand dynamics of all the price points quite clearly. West Hartford has too few available listings at price points below $500,000. There is a reasonable number of listings between $500,000 and $700,000. Above $700,000 the market strongly favors buyers.

West Hartford Inventory - March 2017

At some point buyers will hopefully realize that there are good opportunities at the upper price points in West Hartford. The biggest opportunity continues to be for move-up buyers. They have the chance to sell their smaller home into a strong market, and buy their larger home in a weak market.

I’m always happy to talk about the local real estate markets, so feel free to reach out to me at any point.

1930 Boulevard, West Hartford

1930 Boulevard

Close to West Hartford Center, the Duffy/Sedgwick/Conard schools, shopping, and highway access, your new home is waiting for you!

Freshly painted throughout, with refinished hardwood floors, this traditional Colonial really shines. The entry foyer is flanked by the formal living and dining rooms. An office with built-in book shelves provides a quiet work area. The remodeled kitchen features newer appliances, plenty of cabinets for storage, and an island with eat-in space. A newly added screened-in porch with vaulted ceiling and recessed lighting is perfect for outdoor meals and relaxing. The first floor also offers an updated powder room and mudroom.

Upstairs, the oversized master bedroom has an en-suite bathroom and space for a sitting area. Three additional bedrooms and a remodeled full bathroom complete the second level.

The walk-up attic provides plenty of room for storage or expansion potential. A partially finished basement (unheated) offers additional casual living space, and houses the laundry area.

The home has updated windows, 200 amp electrical service, a new gas hot water heater, and gas boiler. The current owners recently installed solar panels (owned, not leased), so the next owner will enjoy low electric bills for years to come.

Outside, the front yard has mature plantings that frame the facade of the house, as well as an irrigation system. The fenced, level backyard features a brick patio and plenty of space to garden and play. A 2-car detached garage is perfect for cars and storage.

1930 Boulevard is offered at $399,000. If you’d like to see this home, please have your agent arrange a showing, visit the open house on Sunday 4/2/2017 from 1:00 to 3:00, or call me at 860-655-2125 to schedule a visit. More details and a photo tour are available.

WH Real Estate News: Feb 2017

The West Hartford real estate market performed well through the first two months of the year. The number of closed sales totaled 90, which was about 9% more than 2016’s total through February. It was strongest start to the year since 2007, which also had 90 deals in the first two months.

West Hartford Month February 2017

The Transactions by Price chart shows that over the past 12 months most of the increase in sales activity was between $200,000 and $499,999. These homes represent the core housing stock in town, and they drove median prices up about 3% in 2016.

West Hartford Price February 2017

You’ll notice that there was about a 17% decline in the number sales that closed in the $100,000s. The decline reflects a strengthening price environment at the low end of the market. Homes that in previous years were selling below $200,000 are now worth more, and many are selling in the next highest price band.

West Hartford Active February 2017

The Active Listings chart shows how many options buyers have in each of the price bands. However, the more interesting information is the ratio of the available listings to the number of sales over the past 12 months.

Consider the 44 active listings shown for the $200,000s, which is the highest count of all the price bands. Because that price band is so active, with 265 sales over the past 12 months, that only represents enough available listings for 2 months of sales. We refer to that price band as having 2 months of inventory. The $200,000s, and all the other price bands below $500,000, are markets that favor sellers. Properties that are in good shape, and that are marketed well, have an opportunity to generate considerable interest.

Inventory levels increase as the price point increases, but that doesn’t mean sellers are out of luck. West Hartford homes that are priced appropriately tend to sell. That’s one of the nice things about the town’s real estate market.

Although we like to let the data inform our opinions about the market, we also pay close attention to the day-to-day in town. We’re seeing bidding wars on nicer properties on a regular basis. The market is currently limited by the relatively few homes available in the lower and middle price points. We are expecting a strong spring real estate market in West Hartford.

Amy & Kyle Bergquist are residential real estate agents based in West Hartford Center. Reach out to us at any time for a free consultation – we would love to help you buy or sell a home!

174 West Ridge Drive, West Hartford

174-west-ridge-drive

This nicely updated split level is located at the end of a quiet cul de sac, in the Norfeldt/KP/Hall district.

Inside, you’ll appreciate the fresh paint and refinished hardwood floors throughout. An open floor plan on the main level connects the living room and dining room. Adjacent to each is the fully updated kitchen with new cabinets, granite counters, stainless steel appliances, tile backsplash and flooring, as well as an eat-in space. Walk out to the newly added deck through a slider in the dining room. This is perfect additional space for entertaining.

Upstairs, you’ll find three nicely sized bedrooms. Both the master bathroom and hallway bathroom have been completely remodeled.

Downstairs, there is a family room space with an updated powder room. You’ll also find laundry, access to the attached 2-car garage and a slider out to the backyard space on this level.

The outside provides both the deck and a paver patio, as well as a sunny, level yard. Enjoy central air conditioning, a newer high efficiency gas furnace and hot water heater, new roof, and vinyl siding. There is nothing to do but move in and take advantage of all that West Hartford offers.

174 West Ridge Drive is offered at $329,000. If you’d like to see this home, please have your agent arrange a showing, or call me at 860-655-2125 to schedule a visit. More details and a photo tour are available.