Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Another month has ended, so it’s time for real estate statistics in the Greater Hartford area. The data you see here is a result of houses that mostly went under contract in August, September and maybe early October. The sentiment among the majority of Realtors right now is that the market is very slow. There is a lot of uncertainty with the economy and the election. Hopefully after today, Buyers will have one less thing
There are various ways agents arrive at a recommended listing price range for sellers. One check we will typically use is the Average Sales Price per Square Foot for the specific town (or even specific neighborhood within a town). Here’s a chart of towns in the Hartford area and the Average Sales Price per Square Foot for the last two years… A couple of thoughts about this data… 1. Keep in mind that smaller houses
I was finalizing a market analysis today for a homeowner that is thinking about selling their home. I always look at Active properties (homes currently for sale), as well as what’s currently Under Contract and recent Closed sales to give a complete picture of the market. As I was reviewing the 12 properties I selected as comparison homes, I noticed that the recorded Days on Market (DOM) for some of the properties seemed suspiciously low.
The wreckage from all of the bailout antics won’t show up in the real estate market statistics for a few months, but I have a feeling that the winter market is going to be starting a little early this year. How did the housing market in Greater Hartford fair in Quarter 3 of 2008? Not fantastic. Here’s the latest Single Family data pulled from the Multiple Listing Service (deemed reliable, but not guaranteed)… Observations… 1.
Well, maybe. Fox 61 News called me this morning and asked if they could stop by my Open House at 24 Arundel Avenue in West Hartford. They wanted to interview me about the current real estate market. What fantastic exposure for my seller! I asked their permission and we were on our way. The clip will air on Fox 61 News during the 10:00pm and 11:00pm time slots tonight, if they decide to run it.