Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
The number of condominiums that went under contract in Hartford County this January trailed 2010’s total by just over 20%. The drop in activity continues the post tax credit trend from last year. Since this month’s deal count was actually in line with the January 2009 numbers, it appears that the market is simply returning to a more realistic activity level after being goosed by last year’s tax credit. Buyers and sellers successfully negotiated contracts
Today we’re going to look at the Hartford County condo market for 2010. Like we’ve been doing with the single-family market, we’re going to focus on the contracts written so that we have a sense of when buyers and sellers are most active. The chart below shows the number of contracts written by month for each of the past two years, which will give a good baseline for what we will see in the coming
Yes, we know we are dorks. You know we are dorks too and it doesn’t hurt our feelings if you call us that. And we also know that you like these data posts, so you are at least a little dorky too. Don’t worry, we won’t tell anyone… The local MLS that we are members of has been collecting data electronically since 2000. We thought this would be a good opportunity to do a data
Here’s a quick look at how the Hartford County real estate markets performed last month. Closings in October reflect deals negotiated during the summer and fall depending on the amount of time between the contract date and the closing date. The data comes from the Connecticut Multiple Listing Service (CTMLS), which is deemed reliable but not guaranteed. Some Observations There was a wide range in the percent change in number of transactions for this October
The other day we were wondering, how often does the listing agent for a home also represent the buyer? This situation is called Dual Agency, and is something we’ve explored in the past. However, we never looked to see how often it happens in our area. To attack the question we looked at all the single family home sales that have closed so far this year in Hartford County. The data came from the CTMLS,