Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
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
Hartford County finished the year with 397 single-family deals coming together during the month of December. The total was slightly ahead of December 2012, and a sharp decline from November of this year. For the full 12 months, the Hartford County market grew by a little over 7% in terms of signed single-family contracts. The result is well behind the 24% growth seen in 2012, yet still a positive step as the region’s housing market