January Contracts: Wow!

2020-02-04 January Contract Stats

2020 began with an amazingly active January real estate market. We observed 733 single-family contracts for the month, which is 21% higher than the total from January 2019. We’ve been reporting on contract data monthly, using the same methodology, since 2009. This month’s deal count was the highest we’ve ever seen in any January, or February, or December, or November. Looks like we’re skipping the winter market this year. We also see from the data

R2B – Existing Lease Terms

2020-02-04 R2B - Existing Lease Terms

This article is part of the Ready to Buy series, which focuses on the key issues that potential home buyers need to understand as they work through the purchase process. Leases are contracts, and it’s important for tenant considering a purchase to understand the key terms of their lease. Find the document, and start by looking at the expiration term. If you want to stay longer, does it go month-to-month, or does it roll into

R2B – Purchase Timeline

2020-02-03 R2B - Purchase Timeline

This article is part of the Ready to Buy series, which focuses on the key issues that potential home buyers need to understand as they work through the purchase process. Closing on a home, when using a mortgage to finance the purchase, usually takes about 50 days. That’s how long you should budget from the time your offer is accepted until the closing, when you get the keys and can move in. You need to

Hartford County Multi-Family Review

2020-01-18 Hartford County Multi-Family Market Review 2019

The Hartford County multi-family residential market continued to improve in 2019. The total number of closed deals increased about 3% over the previous year to 928 sales. Activity was up more than 56% from the low point in 2012 when the market was in disarray. Of the three residential property types (single-family, condominium, and multi-family), the multi-family market is the strongest and healthiest. This is true despite the fact that sales totals are well below

81 Kimberly Drive, Manchester

81 Kimberly, Manchester

Thoughtful updates and pride of ownership are on display with this 4-bedroom, 2.5-bathroom colonial, located in one of Manchester’s most popular neighborhoods. The first floor layout is perfect for today’s lifestyle. The formal living and dining rooms accommodate traditional entertaining needs. An expansive, fully renovated kitchen provides abundant cabinet storage and workspace, as well as a generous eat-in space. It features cherry cabinets, Corian counters, a tile backsplash and floors, and sliders to the backyard.