Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
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
Warning: What follows is quite dorktacular. You have been warned. Last week we looked at the really big picture transactions data for Hartford County in 2011. The main concern we had with how the numbers turned out was that the average single-family home price appeared to rise slightly from 2010 to 2011, which was not what we saw in the market on a house by house basis. There is no easy way to track the
Last year we gathered up all the Hartford County residential transactions since the beginning of the CTMLS in 2000 and showed how the very high level trends had changed over 10 years. Today we update those charts with the data from 2011. As always, the CTMLS is deemed reliable but not guaranteed. Observations The total number of single-family home transactions fell again in 2011, decreasing about 8% from the 2010 total. With the latest data
The Hartford County Condo market has fallen out of sync with the traditional seasonality, creating a good opportunity for buyers with lots to choose from and a more favorable pricing environment to go along with very attractive mortgage rates. The data shows a 13% decrease in the total number of contracts from the second quarter of 2010. However, looking more closely at the individual months, we can see that 2011 showed very steady performance –
Based on the number of contracts written in April, we’re having a late spring this year. April finished with slightly more deals than March 2011, and 34% fewer deals in the year-over-year comparison. Where are all the buyers? After quickly falling off the 2010 trend line, we’ve also now fallen below 2009’s activity level. Maybe it’s no longer cool to buy houses. Too bad though, there are lots of interesting homeownership opportunities. That being said,