2020 Single-Family Results by Town

Porch 9155 BW 1920

I really enjoy gathering and reviewing year-end data from the Greater Hartford real estate market, probably to an unhealthy degree. There is a lot to consider this year, so I broke the analysis into multiple articles. This is Part 3 of the year-end review. The first installment focused on the number of sales, while the second installment looked at pricing. Greater Hartford is divided into many, many towns. These stats look at the 29 municipalities

2020 Single-Family Home Prices

2021-01-11 Hartford County Single-Family Prices in 2020

I really enjoy gathering and reviewing year-end data from the Greater Hartford real estate market, probably to an unhealthy degree. There is a lot to consider this year, so I broke the analysis into multiple articles. This is Part 2 of the year-end review … the first installment focused on the number of sales. The sharp increase in demand for Hartford County single-family homes during 2020, combined with a decrease in supply of available homes,

You Have to BUY the House

2020-12-11 Houses 0479 - 1920

Home buyers naturally want to get the best deal possible on their purchase. But in this market they have to balance that instinct against their desire to win one of the relatively few available properties. Buyers have to BUY the home they want. Sellers are not going to give them the home. And a bidder thinking that they’d be okay taking the home – but only at their price – is unlikely to get anything

Taking Advantage of Low Inventory

2020-12-06 Taking Advantage of Low Inventory

Opportunities often arise when a market is out of balance. Right now the real estate markets are severely out of balance with far more demand for housing than supply. Part of our job as real estate advisers to highlight and explain these opportunities. Sellers currently have the upper hand in the market, and therefore the opportunity. However, slight variations in the current environment mean that this is a more valuable opportunity for some owners than

Hartford County Multi-Family Review

2020-01-18 Hartford County Multi-Family Market Review 2019

The Hartford County multi-family residential market continued to improve in 2019. The total number of closed deals increased about 3% over the previous year to 928 sales. Activity was up more than 56% from the low point in 2012 when the market was in disarray. Of the three residential property types (single-family, condominium, and multi-family), the multi-family market is the strongest and healthiest. This is true despite the fact that sales totals are well below