Archive for the 'Real Estate Listings' Category
January 2010 Hartford County CT Real Estate Market Report
February 9th, 2010 categories: Real Estate Listings, Real Estate Market
The beauty of today’s real estate market is in the eye of the beholder.
Buyers will like that prices have dropped. Inventory is up. Homes are taking longer to sell. Buyers have many more choices.
Sellers will not like that prices have dropped. Inventory is up. Homes are taking longer to sell. Buyers have many more choices.
The median sales price in January 2010 dropped from $219,750 in 2009 to $207,000. More homes are selling but they’re typically selling for less.
Going forward, there are nearly 3,000 homes actively on the market - and only 301 closed in January. There are almost 1,000 pending sales but a good percentage of those will not close. There is nine months of inventory on the market - a strong buyer’s market.
There’s always a backlog of homes on the market at this time of year so we will work through some of this inventory come Spring.
My overall feeling is that prices will continue to fall. Slowly but surely. I don’t know how much more but I don’t think we’ve reached the bottom.
Does that mean I would wait to buy? Not exactly. Prices are better than they’ve been in years and interest rates are low. If you’re living in Mom’s basement rent-free and putting away money every month for a down payment, then waiting may make sense for you.
But if you’re renting, have decent credit, can qualify for the tax credit, and can stay in your home for a few years, buying may actually be worth it - even if you home declines in value in the next year.
It also makes sense if you are handy. There are so many homes available now that need work - more than I’ve seen in the five years I’ve been in business. If you can make upgrades - like fixing up bathrooms, kitchens, and easily adding square footage (such as finishing off the attic in this cape below) - you will insulate yourself against price declines.
Details for this listing: 336 Oak Street, New Britain, CT - $129,999
| Discussion: 1 Comment »
REMAX.com Redesign
July 2nd, 2009 categories: Real Estate Listings
RE/MAX International just rolled out a newly redesigned and improved REMAX.com.
A few things I like:
You can view comparable sales and even request a comparable market analysis.
There are articles for home buyers and sellers.
Listings show large photos and a photo slider.
You can request a showing.
Your search results will recommend other similar properties.
You can also view market statistics.
Listings are mapped out for easy reference.
I do not like the fact that users cannot search multiple towns in one search or search by map. I e-mailed RE/MAX International already to express my disbelief. This is just plain silly.
As the now #6 real estate website and #2 franchise on Hitwise’s Top 20 Real Estate Websites, RE/MAX needs to step up and reclaim the spot as #1 franchise by offering a better product than consumers can find on Realtor.com.
| Discussion: 2 Comments »
CTMLS Says Goodbye to Hubbard
June 22nd, 2009 categories: Central Connecticut News & Information, Home Sellers, Real Estate Listings
Beginning June 24th, CTMLS, the multiple listing service that serves most of CT, will finally do away with the Hubbard (HUBRD) status for listings.
All I can say is…finally!
Actually, I can say a few more things.
If you don’t know about the Hubbard Clause - HUBRD refers to properties that have been sold to a buyer who needs to sell another home before purchasing the one under deposit. The property is shown to buyers and the sellers are looking at other offers, so it is an active listing. Read the rest of this entry »
| Discussion: 3 Comments »
Don’t List Your Home For Sale on Monday…If You Want to Stand Out in Greater Hartford Real Estate Market
June 17th, 2009 categories: Home Sellers, Real Estate Listings
Monday night, I was looking at new listings and it seemed to me that there were a lot of new listings. 88 condos and single family homes in the Greater Hartford area.
Just for fun, I looked back one month. With the exception of Memorial Day, May 25, the highest number of new listings was always on a Monday.
One of several homes in your neighborhood for sale?
One of many homes for sale in your price range?
If so, you need to do everything you can to stand out from the pack.
Maybe one way to do that is to list your home on any day but Monday, but especially on a Saturday or Sunday.
You may also enjoy reading:
Two Bedroom Homes Not Always Harder to Sell in Central CT
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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.
| Discussion: 2 Comments »
New Listing at 14 North Farms Road in Avon
May 20th, 2009 categories: Real Estate Listings
This beautiful 3,552 s.f., 3 bedroom, 2.5 bath ranch home in Avon was just listed for $475,000.
Located on a 1.63 acre lot on a cul-de-sac near Avon Old Farms school and Fisher Meadows, the property backs up to the Farmington Valley Greenway trail.
Lightly wooded yard is private yet sunny.
Let your dog/child/self run free in this large level yard set back from trail.
Trail entrance from Scoville Road.
22 x 30 Great Room has many possibilities. Used as informal game room on one side.
Living room on the other side. Floor to ceiling brick see-thru fireplace unifies the space.
Bring the outside in with this 4-season heated sunroom off kitchen.
For more details on 14 North Farms Road in Avon:
14 North Farms Road, Avon, CT Postlet
14 North Farms Road, Avon, CT Slideshow
Contact me to schedule a showing.
| Discussion: 1 Comment »
