Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
We spend a lot of time talking about single-family homes and condominiums, but multi-family properties are another important part of the local housing scene. Where are the the multi-families in Hartford County? As you can see by the number of contracts written on this type of property over the past two years, they are concentrated in just a few towns. Lots in Hartford and New Britain, and a solid number in Bristol, Manchester, and East
The number of condominiums that went under contract in Hartford County this January trailed 2010’s total by just over 20%. The drop in activity continues the post tax credit trend from last year. Since this month’s deal count was actually in line with the January 2009 numbers, it appears that the market is simply returning to a more realistic activity level after being goosed by last year’s tax credit. Buyers and sellers successfully negotiated contracts
The number of Hartford County single-family homes that went under contract in January 2011 was 12% higher than the January 2010 total. Clearly, the month of snow had less of an impact on buyers than we had previously thought (January Listings Down 24% Year-Over-Year). Here’s the breakdown of how the individual towns fared. As always, individual towns within the County performed very differently. Avon and Manchester are the first towns that jump out since both
Today we’re going to look at the Hartford County condo market for 2010. Like we’ve been doing with the single-family market, we’re going to focus on the contracts written so that we have a sense of when buyers and sellers are most active. The chart below shows the number of contracts written by month for each of the past two years, which will give a good baseline for what we will see in the coming
This month we’re reporting statistics a little differently. They’re based on the number of contracts written rather than the number of closings. Why? Because it’s fun to shake things up every now and then. And because I honestly think it’s a more relevant way to look at the market. By focusing on contracts, we get the most up-to-date view of market activity possible. The contract date is when deals are struck, when prices are negotiated,