Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
More numbers today. We’re through April, so it’s time to look back and see how the market fared last month compared to the same timeframe in 2008. All data comes from the CT Multiple Listing Service, is for single family homes only, and is deemed reliable, but not guaranteed. My observations… 1. Just like January and February, there were so few transactions in some of the towns that this data is not very statistically relevant,
People always ask me “How’s the market doing? Is it really as terrible as the media makes it out to be?” My response is typically “it depends…” Different price points are reacting differently in this market. Different towns are reacting differently in this market. Today, let’s take a look at it from the price point view, from one town. As you know, I like to look at West Hartford because it is a very active
Own a piece of Hartford history with this thoughtfully updated and impeccably maintained home on Prospect Avenue, just steps from Elizabeth Park. Designed by noted architects Hapgood & Hapgood, original features abound with numerous stained glass windows, marble sinks, canvas ceilings, 3 fireplaces, and quartersawn oak woodwork throughout. The oversized living and dining rooms are perfect for entertaining. A tastefully renovated kitchen with original butler and dry goods pantries meet all of your culinary needs.
The Courant had an interesting article this morning about a family in Farmington that recently tried to sell their home as a short sale. They had an offer on their home and waited for 3 months for their bank to respond to the offer and authorize the short sale. The bank did not respond. The buyer eventually got tired of waiting and walked away. The house is currently in the process of being foreclosed upon.
Real estate activity in West Hartford feels like it has really picked up over the past few weeks. Agents are buzzing around like busy bees, and houses are going under contract. We’re seeing some homes sell very quickly after they are offered for sale, and we’re seeing multiple buyers compete for properties. There is clearly still broad interest in living in West Hartford. I was curious to see if the data supported our “feel” for