Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
On Monday we highlighted the key data from the Year End 2009 Hartford County Property Report. The data definitely tells a story – sales in the fourth quarter are dramatically higher than last year – but there are other factors that are also important. The complete report, with statistics and charts for all the towns in the county, is available here. Overall Environment The housing market is influenced by the state of the local economy
People generally understand that real estate is local. The markets are driven by regional economies, which ultimately depend on the number and type of jobs in the area. Therefore local data is more relevant than national data in most real estate decisions. Local data is gathered, analyzed and published by diverse groups and individuals that range from specialty firms to local bloggers. Because every home is unique and towns have wide ranges of home types,
One of the main things that Amy and I are trying to do with this blog is to emphasize the importance of looking at data. We like to look at median prices and inventory levels to see how the overall market is doing. When working with buyers and sellers, we look at price per square foot and comparable sales to figure out how much a specific property is worth. Being statistically inclined, we sometimes get