Hartford County finished 2018 with a closed deal count in the mid-8,000s for single-family homes for the third year in a row. Median single-family homes prices increased by 4.5% from $220,000 to $230,000. Average single-family home prices also increased, though by a smaller percentage. Breaking the number of sales down by price band, we can see that number of deals at prices below $200,000 decreased, while the number of deals in the middle price bands
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December is traditionally the least active real estate month of the year, as folks take a step back to enjoy the holiday season. Although we saw the expected slowdown in number of deals, the month had respectable totals showing that many buyers and sellers had happy holidays. When looking at contracts, the month was nearly 15% ahead of last December for single-family homes in Hartford County. We finished the year with about 1.3% fewer contracts
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The well maintained building at 39 Woodland Street in Hartford is identified by the Structures and Styles book as the Melancthon W. Jacobus, Sr. House. Its Tudor Revival architecture is in excellent condition 110 years after construction! Kudos to the State for the recent maintenance to keep the 29,571 square foot structure looking good. The building is currently the central office for the Connecticut Technical Education and Career Center.
Photo: CT Department of Housing Property owners in a portion of Connecticut have been struggling with foundation problems. The concrete mix used to build their homes included pyrrhotite, which is a mineral that causes foundations to deteriorate due to exposure to air and water. There is no way to repair a defective foundation. The only way to save a home with pyrrhotite is to replace the foundation, a very expensive project. Home insurers didn’t think
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‘Tis the season for giant Christmas trees and reindeer.