Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Transcript Welcome to the quick tour of Hartford’s West End neighborhood, I’m Kyle Bergquist of Greater Hartford Real Estate TV. Not surprisingly, the West End is on the western edge of the City. It’s made up of all the land north of Capital Avenue and West of the Park River’s north fork. The neighborhood is mostly residential, with single-family and multi-family homes built in the very late 1800s and early 1900s. Apartments are available throughout
Hartford County real estate markets finished May with basically the same number of single-family deals as March and April. Looking at the chart below, one might think that the market has hit some sort of speed limit or something. Why haven’t we broken through the ceiling of about 750 deals per month? The only month on the chart with a higher total was April 2010, which was the deadline for collecting the Federal Home Buyer
April single-family contracts came in at about the same level as Hartford County saw last month. Activity remains much higher than we observed in 2011, and the month-to-month count of negotiated contracts seems to be following the same pattern as last year. We’ve already commented on much of what we’re seeing in the market right now. Some towns are very active, and multiple offer situations are common. Inventory is on the low side, so buyers
The other day we wrote about the high levels of activity in the Hartford County market during the month of March. West Hartford really stood out on the chart because 83 homes went under contract, which dwarfed the next highest town – East Hartford with 53 contracts. Part of the model we built to analyze MLS contract data allows us to look at trends in individual towns. Here is the number of West Hartford contracts
Single-family homes in Hartford County continued to be snapped up in March. The month continued the very strong pace from January and February, with a 30% increase in the number of homes that went under contract compared to March 2011. The month was only slightly behind the tax credit fueled binge that we experienced in March of 2010. Each town is a little bit different, but the hot towns are super hot. Just look at