Archive for July, 2008
Central Connecticut Real Estate Market Report 7.11.08
July 11th, 2008 categories: Central Connecticut News & Information, Real Estate Market
Hartford County Real Estate Market Statistics
We saw some life in the real estate market this month. For the month of June, single family sales did pick up but are still down when compared to June ‘07. Median sales price is up for June over last month. Inventory levels are down, but not by much, to about 6 months of inventory.
Median Sales Price in June 2008 - $260,000
710 Sales
31 Average Days on Market
Median Sales Price in June 2007 - $269,900
891 Sales
27 Average Days on Market
Median Sales Price in May 2008 - $242,700
548 Sales
39 Average Days on Market
Median Sales Price in May 2007 - $252,500
686 Sales
33 Average Days on Market
Absorption Rate
In the last three months in Hartford County, 1756 single family homes sold or an average of 585 per month. There are 3641 homes currently on the market or 6 months of inventory, down from 7 months of inventory in May 2008.
Generally, it is considered to be a seller’s market when there is less than 3 months inventory on the market. 3-6 months of inventory is considered normal or balanced, while anything above 6 months is considered to be a buyer’s market.
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Don’t Forget Your Best Friend In Your Will
July 10th, 2008 categories: Pets & People
I came across this post by Atty. Matthew Curtiss, Pet Trusts in Connecticut. While many states have some law allowing for people to provide for their pets in some type of a pet trust, ala Leona Helmsley, Connecticut does not.
Atty. Curtiss makes a few suggestions until Connecticut adopts its own law:
1. Specifically bequeath in your will your pet to a friend of family member along with some money for its care.
2. Specifically bequeath in your will a dollar amount to a person, with the condition that it be spent for the care of your pet.
If you don’t specify the care your pet(s) should receive, consider the alternative. In the best case scenario, a friend or family member will willingly take your pet but have to shoulder the expense themselves.
In the worst case scenario, your pet will be handed over to the local pound (or cat rescue since pounds typically only handle dogs) to be put up for adoption, spending weeks or months in a cage and ultimately euthanized if no one adopts it.
Do you dig real estate news, tips and advice? Sniffing around for pet-related information in Connecticut? Get Unleashed - the blog that’s helping to find homes for people and pets.
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The Secret to Buying Real Estate for Profit is Starbucks?
July 9th, 2008 categories: Investors/Landlords, Real Estate Market
I came across this article in Newsweek via Sellsius - The Starbucks Effect.
If future Starbucks locations herald a boom in local real estate values, the news isn’t great in CT. The only Starbucks planned is in Bethel, CT. But if you’re planning on buying real estate on Long Island - do so now - there are several stores in the works.
Check out the Starbucks store locator.
Do you dig real estate news, tips and advice? Sniffing around for pet-related information in Connecticut? Get Unleashed - the blog that’s helping to find homes for people and pets.
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Surprise! Your Home is On Candid Camera
July 8th, 2008 categories: Central Connecticut News & Information, Home Owners
I took a new listing at 91 Old Farm Drive in Newington for $289,500.
Immediately, I went to Trulia.com to claim my listing. There I saw Google Street View in action - the little Google gremlins had been to the home already and taken a street shot.
And according to Google, Street View is available in much of Hartford county including West Hartford, Manchester, New Britain, Farmington and Windsor. I knew this was coming but didn’t realize how far they had gotten - all the way to my new listing in Newington before I knew it.
In this case, Google Street View works to my clients’ advantage because it’s a nice street with well-maintained properties nearby. But agents can no longer hide behind their trick photography to disguise the traffic racing by or the gigantic hill the property is perched upon.
And as you’ll see in the link below called Cool Sights in Google Street View, the photos are not only revealing real estate, it’s also capturing slices of real life - from dog fights and car accidents to naked people and folks who like Borat enough to put a cutout of him in their apartment window.
Smile, Connecticut Real Estate. You’re on Candid Camera.
For some related topics:
Cool Sights in Google Street View
Couple Sues Google Over Street View
Getting Off Google Street View
How Google Street View Takes All Those Pictures -from Popular Mechanics
Do you dig real estate news, tips and advice? Sniffing around for pet-related information in Connecticut? Get Unleashed - the blog that’s helping to find homes for people and pets.
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My Five Favorite Things About Living in Connecticut - #4
July 7th, 2008 categories: Central Connecticut News & Information
Sometimes I focus on the negative. So, for this series I wanted to tell you all about the things I love most about Connecticut and why I’ve lived here for 34 years. Stay tuned for the entire series but here’s #4.
We’re History
We all know that Connecticut was one of the original 13 colonies, that we’re the “Constitution State” and that Mark Twain once lived here. But Connecticut’s history is deeper than that. From our involvement in the Underground Railroad to our manufacturing roots, Connecticut has a lot of history that you can see. This list is focused primarily on the Central Connecticut area.
Old Towns
Windsor and Wethersfield
Historic Gardens
Roseland Cottage, Harkness State Park,Butler-McCook House and Garden and Elizabeth Park
Famous Women
Hill-Stead, Florence Griswold Museum, Harriet Beecher Stowe and Prudence Crandall
Museums
The Old State House, Wadsworth Atheneum, Noah Webster, Clock Museum and Stanley-Whitman House
For the previous post in this series:
My Five Favorite Things About Living in Connecticut - #5: Location, Location, Location
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