More on Seller Concessions

Oh Lordy. That was my reaction when I read the title of the Hartford Courant’s front page article on Sunday, Truth About Home Prices. Most troublesome were the comments posted online by Courant readers. I could feel the venom oozing out of my laptop. It seems like there are a number of misconceptions out there about seller concessions. A few observations after reading both the article and reader comments… 1. The MLS covering the Greater

Bodies Revealed- Hartford's Limited Engagement Science Exhibit

If you’re eating breakfast, you might want to finish up before you read this post. You may have seen the billboards around the area for Bodies Revealed. It’s a somewhat graphic human form, cut in half, skin pulled away revealing muscles and organs. Kind of invokes the reaction of “Eeewwww…” from most of us. Well, I put my queasiness aside this weekend and went to check it out. If you have any interest in science,

Will Farmington Buy Krell Farm?

This Thursday, the residents of Farmington have an important decision to make regarding the future of the Krell Farm. The town is holding a special referendum vote, allowing residents to decide if the town should buy 90 of the farm’s 98 acres for $6.75 million, which will preserve the land as open space. If Farmington’s residents decide against buying the acreage, a developer will most likely step in and buy the land, at a much

Profile of a Young Local Developer

By age 24, most people have settled into the “9 to 5” and have an initial experience with working life. Every so often you find someone who has taken a non-traditional path and seems to be blazing new ones. This week I met with one of these refreshing individuals, real estate developer Pete Marsele. His first major project, Woodland Lofts, was announced earlier this week in the Hartford Business Journal. So how did Marsele, who

Farmington Valley Residential Year in Review

As a continuation from yesterday’s West Hartford 2007 residential real estate review, here is the data for the Farmington Valley. Again, all data is for single family homes only that were listed and transacted in the Multiple Listing Service. I’m also including the current inventory levels which indicate how the market is currently doing. Historically, 0-3 months of inventory is a seller’s market, 3-6 months of inventory is a neutral market, and 6+ months of