One of my favorite real estate statistics is the number of homes sold. It is a simple metric that is not influenced by the purchase price of properties. Only the seasonality of the real estate markets needs to be considered. I like to look at the trailing 12 month number of transactions so that I am always getting data from each month of the year. Previous posts have shown that prices in West Hartford have
Word on the street is that the Dollar World on Farmington Avenue in the West End of Hartford is moving. Actually it’s the sign in the window that says they’re moving, but word has spread through the neighborhood like the flu through daycare. The locals aren’t upset with Dollar World, it just had the misfortune of leasing the storefront that previously housed the West End organic food institution of Cheese & Stuff. About ten years
Anyone want to buy a grocery store in West Hartford’s Bishops Corner? On Friday the Courant reported that, as part of a federal antitrust settlement, the Whole Foods store in Bishops Corner must be sold within the next six months. Whole Foods will also be selling 12 other stores currently operating around the country. The outcome is the result of a complaint initially filed by the FTC in June 2007 which tried to block Whole
Most towns require homeowners to get permits for their alarm systems. Unfortunately, this is not a widely publicized fact and many homeowners learn the hard way. The City of Hartford, as an example, requires that alarms be registered annually. There is a $15 registration fee. The process is not difficult, homeowners simply need to fill out a one page form and mail it to the Department of Emergency Services & Telecommunications. All of the information
Before I officially start working with a Buyer I often meet with them for a no-obligation consultative session. It’s really a two way interview. They have an opportunity to pick my brain about the market, the buying process, and me- my work style, my philosophy about home buying, and my life outside of work. Similarly, I am asking them questions about their interests, their thoughts about buying, and what they’re looking for in a home