Archive for the 'West Hartford' Category
The Elizabeth Park Dahlia garden looks like floral fireworks right now. Stop by this weekend if you have some time to see all the different varieties. Here is a short preview of what it looked like this morning…
The West Hartford real estate market finished September 2013 with 52 closings, which was nearly 24% more than the total from September of last year. For the whole year, the 2013 transaction total is about 13% ahead of 2012.
There have not been any major changes in the stats since August. The distribution of closed deals has been pretty consistent over the different price bands. The number of properties under contract has fallen slightly from 104 to 102. The number of active listings has increased from 220 to 225. Inventory levels are beginning to increase.
We noted the other day that Hartford County buyer activity was surprisingly weak in September considering how August ended. West Hartford was in line with this trend, with about a 3% decline in the number of contracts written compared to September 2012.
That said, there are still a lot of homes under contract, waiting to close, so the final tally of completed transactions will certainly surpass the 636 we had in 2012. So far this year there have been 566 closed deals. The majority of the 102 homes under contract as of 10/4 (when we collected the data) should close this year, which means that we’re on track to have our best year in West Hartford since 2007.
This traditional Colonial offers a classic layout and architectural details.
The main level has a front to back living room with fireplace, dining room with corner cabinet and paneled family room overlooking the back yard. The home has hardwood floors and replacement windows. Upstairs the landing opens to two generous bedrooms, a large closet and a full bath. There is an attached one car garage and the yard is level and sunny.
4 Farnham Road is 2 bedrooms, 1.1 baths and 1,288 sqft on 0.18 acres. The offer price is $219,000. 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.
Since May, work on the Flatbush Avenue bridge has been progressing steadily. It is now clear how the streets are going to connect and it looks like the bulk of the roadway construction is done.
Looking from the gas station just north of the site, the view hasn’t changed all that much – it’s a bridge.
Walking back to the intersection of Flatbush and New Park Avenue, it looks like the road onto the bridge is just missing the connection to the street. When traveling east on Flatbush, drivers will go up over the bridge instead of taking the current road to the left of the new bridge.
Construction has also begun on the Fastrak station that will be adjacent to the new bridge. Here is the view looking north from the parking lot of the plaza containing the Apple Tree.
Finally, I have been irrationally concerned about the building at the corner of Flatbush and Newfield on the WalMart side of the train tracks. Will it stay? Will it go? It was still there in May, and it looked like the road would avoid the site. Well, now the building is gone.
West Hartford finished August 2013 with 84 single-family closings, up from 76 in August of 2012. Overall the town is about 12% ahead of 2012 in terms of transactions.
The most active price bands are showing an increase in activity over the past 12 months. Homes priced at the upper end of the market are in line with the previous year.
However, at the lower end of the market there has been a 13% decrease in the number of deals that have closed in the $100,000 through $199,999 range. We believe this is a signal of strength in the market. There is enough demand for West Hartford homes that properties that would have previously sold for less than $200,000 are now commanding slightly more than that (arbitrary) threshold.
Another stat that points to high demand for homes in the $100,000s is the ratio of properties under contract to properties actively for sale. That price band is the only one in which the pending deals outnumber the active listings – and it’s not even close.
The big question as we move into the fall is whether the market will drop off sharply, like it did in 2012, or whether it will gradually decline as we approach year end.