$238 Million for One Condo in NYC

A finance guy paid $238 million for a large apartment at the top of a building overlooking Central Park. The CTMLS says that the total cost of the 687 residential properties (single-units, multi-units, and condos) that sold in Hartford in all of 2018 was $109.3 million. This comes out to about $159,153 per property. West Hartford, which has the most active residential market in this area and strong prices, was able to top that one

2018 Condo Sales: Steady Market

Hartford County condominiums maintained their pace of sales in 2018. The deal count increased by 2 properties from 2017 to finish with a total of 2,204 sales. The median condo sales price increased by 2% from the previous year, reaching $153,000. The positive direction was the first meaningful step upwards for the median price in a decade. One of the reasons for the long-term downward trend in the median price is that developers have sold

Alert: Extreme Cold Ahead

The precipitation is getting all the headlines, but the extreme cold predicted to follow is just as concerning. Take a couple minutes today to make sure your house is ready for extended single-digit temperatures. Check your heating oil level, drain the exterior spigots, and bring in some firewood if you regularly burn fires. If you have drafty windows or doors, then consider buying insulating strips to temporarily plug the cracks. Stay warm, and make sure

Free Houses in Sicily

We recently wrote about municipal governments offering free houses in Japan in an effort to stabilize the population of rural areas. Well, a similar offer is available with a Mediterranean flair. Sambuca, a town near the southern coast of Sicily, is offering homes for €1 to new residents who promise to fix up the properties within 3 years. The town dates back to the ancient Greeks, and has a variety of historical influences. Although we’re