Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
There were 509 single-family contracts that came together in Hartford County in February of 2014. This is slightly fewer than last month, and slightly more than February of last year. Like February of 2013, the winter weather influenced the real estate market. This time it was a couple snow storms and severe cold. Sellers have been reluctant to list their homes for sale, for a couple reasons. They worry that the it’s not quite spring,
The Hartford County single-family home market began 2014 with 519 contracts in January. The total was more than 4% lower than January of last year, though still higher than any other year since our data began in 2009. January was the longest cold stretch that we can remember in Greater Hartford. There have been brief deep freezes, but our experience in the area is that the temperature rarely falls below 20 degrees for long. This
This expanded Cape is conveniently located in Elmwood, close to shopping, restaurants and highway access. The first floor features a large remodeled kitchen with eat-in space which opens to an oversized family room. The family room overlooks the level backyard and has a wood burning stove and access to a deck, great for entertaining. A formal dining room has a fireplace. Two bedrooms and a renovated bathroom complete the first floor. Upstairs there are two
Last week we published some charts showing the direction of the overall single-family market in Hartford County for 2013. The quick summary was that sales activity has been increasing nicely for two years, but median prices have been stuck in a protracted valley. The data tells a variety of different stories when we zoom in to the individual towns. Before we get there though, a quick disclaimer. It’s difficult to take too strong a position
Most of the year we avoid looking at prices when we analyze market statistics. Considering only a month’s (or even quarter’s) worth of data is risky because the sample size is too small, while making a more sophisticated model to account for the small sample size is beyond our abilities. However we are comfortable looking at a full year of data, and now that the calendar has turned over to 2014 we can look back