Just in Time Real Estate

2021-06-01 Just in Time

The current real estate market reminds me of something we learned in business school. The corporate world was very focused on “Just in Time” supply chain logistics when we were earning our MBAs. The idea was that the most efficient way to run a business was to hold as little inventory as possible. Minimizing inventory had the benefit of minimizing expenses and minimizing space requirements, but it depended on regular inventory deliveries. Consider water as

113-115 Whitney Street, Hartford’s West End

113-115 Whitney St, Hartford

Don’t miss this rare opportunity to own a charming and substantial 2-family home in the historic West End. You’ll love the original details with natural woodwork, hardwood floors, wood burning fireplaces, built-ins, and leaded glass windows. The home has been lovingly maintained and thoughtfully updated over the years. A handsome metal fence, mature shrubbery, and double front porches present a classic façade. The first floor unit’s main living level features a den, formal living and

34-36 Ashley Street, Hartford’s Asylum Hill

34-36 Ashley Street, Hartford

Don’t miss this two-family home in Asylum Hill, located on a picturesque block with restored Victorian houses – a fantastic opportunity for either owner occupants or investors! The first floor unit boasts hardwood floors, original woodwork, and lots of natural light. There is plenty of living space with a living room, den with decorative fireplace, formal dining room with built-in cabinet, eat-in space kitchen, two bedrooms, and a full bathroom. The second unit occupies the

139 Sterling Street, New Britain

139 Sterling St, New Britain

Freshly painted with shiny oak hardwood floors throughout, you’ll love all that this Cape has to offer! An entry vestibule with coat closet opens to the sunny living room. A first floor bedroom allows for one floor living or could be used as an office. Thoughtful design choices are evident in the fully remodeled bathroom with tiled tub/shower, vanity with storage, tile flooring, and updated lighting. The open kitchen and dining room makes entertaining a

Strategy for Buyers in Today’s Market

Sketch of a House

The 2021 real estate market is ultra-competitive for buyers in basically all price points below $700,000. Houses are regularly selling above the asking price, and in some cases well above. Our analysis of first quarter closings found that 51.5% of the single-family sales closed over asking. April was even more dire for buyers as 65% of deals closed over asking. The table below also shows that the median winning bid in the deals that closed