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

Hartford County Condo Sales in 2019

2020-01-16 Condo Transactions in 2019

Condominiums are an important segment of the Hartford County real estate market, representing about 19% of the total residential sales (single-family, condo, and multi-family) during 2019. They offer a different mix of features and benefits than the other property types, and are usually available at a lower price point. Last year there were 2,220 condominium deals according to the SmartMLS. The total was in line with the result of the past three years. It represents

2019 Hartford County Single-Family Sales

2020-01-19 Hartford County Single Family Sales

Hartford County finished 2019 with a single-family sales count in the mid-8,000s for the fourth year in a row. Data from SmartMLS shows that this was a similar activity level to the very early 2000s. A key difference from the early 2000s is that the extended period of strong sales activity has not resulted in nearly the same amount of price appreciation. The County’s median sales price increased by nearly 9% between 2015 and 2019,

Is Money Less Green in Hartford?

I’m perplexed. It appears that money available to be earned in Hartford is less valuable than money that can be earned in West Hartford. Even though that goes against the basic idea that a dollar is a dollar. We have a 2-unit building for sale in Hartford that is quite close to the West Hartford town line. For those interested in the specifics, it’s at 307 New Park Avenue, which is across the street from