Expert Advice from Amy & Kyle Bergquist at Keller Williams Legacy Partners
Warning: What follows is a long, dry, stat-heavy summary without much original commentary or insight. It’s here because putting this together helped me think through the subject better. Proceed at your own risk. Hopefully at least one other person will find it interesting… I came across an article a while back that I’m still trying to wrap my head around. It’s a wide-ranging piece on the Bloomberg site called Private Equity Has Too Much Money
The magical 2012 cap on real estate contracts extended through June, with another month at virtually the same number as March, April and May. The consistency is an odd result, and forced me to rerun the analysis to make sure it’s right (which it seems to be). 732 Hartford County single-family contracts came together in the month of June, which was just over a 21% increase from June of 2011. The first half of 2012
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
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
December single-family contracts came in at 357 for Hartford County, which was slightly higher that the number of deals that came together in November. December is traditionally the slowest month of the year, so having it outpace any other month is a bit of a surprise. We think that the usually large snow storm, which was felt through the beginning of November, worked to push some business into the year’s final month. This December also