[newhartforcomer]

I am talking about avon/farmington/glastonbury/simsbury. The houses look nice/newer/in good neighborhood with a reasonable listed price will sell within 2 weeks. Bid still happens sometime. I assume that serious buyers with schools in their mind will still buy houses like before.

[jdhall1]

Heck, my individual office had more sales in 2007 than in 2006.

[KH02]

It's just a shame that some of us looking to BUY homes in those towns cant because we cant get rid of the homes we're in.....

[newhartforcomer]

Originally Posted by jdhall1

Heck, my individual office had more sales in 2007 than in 2006.

My personal experience is that the price today for thoses towns is close to what it was in late 2005.

[AmyBergquist]

Here's some info on sales prices in those towns, comparing 2006 to 2007 Greater Hartford Real Estate Blog » Blog Archive » Farmington Valley Residential Year in Review

I also recently wrote a post about it being a seller's market in certain price ranges in West Hartford... Greater Hartford Real Estate Blog » Blog Archive » Seller’s Market for Homes in West Hartford

Our office continues to see multiple offer situations on houses that are priced well and show well, or have great potential. There are many buyers out there, and in some cases, not that much inventory.

[newhartforcomer]

Originally Posted by AmyBergquist

Here's some info on sales prices in those towns, comparing 2006 to 2007 Greater Hartford Real Estate Blog » Blog Archive » Farmington Valley Residential Year in Review

I also recently wrote a post about it being a seller's market in certain price ranges in West Hartford... Greater Hartford Real Estate Blog » Blog Archive » Seller’s Market for Homes in West Hartford

Our office continues to see multiple offer situations on houses that are priced well and show well, or have great potential. There are many buyers out there, and in some cases, not that much inventory.

Do you have the similar thing for glastonbury. I like your blogs. Maybe we can post it in this forum.

[AmyBergquist]

I have the info on Glastonbury, but didn't blog about it. Here you go...



Thanks for the comment about my blog, I enjoy writing it!

[JayCT]

Amy - Thanks for the information. Your post on Glastonbury is what I have observed casually about the market here. I am seeing well priced homes selling in a reasonable amount of time. By well priced I mean homes that have been reasonably priced for what they are and where they are located. Every market has homes that are priced too high for what they are and those are the ones not selling. It will be interesting to see what the Spring selling season brings. I can't believe it is right around the corner. Thnaks again, Jay

PS I have read your blogs and like it a lot. Very interesting,

[NY2CT]

We've been house hunting in those towns for the past 6-7 months. I admit we're picky, but we've seen a lot of overpriced houses. I'm not really sure what many sellers were thinking, especially when a house hasn't been updated in at least 20 years.

I completely agree that the good ones go fast. Several months ago we made an offer on a house we really liked. The seller ended up taking another offer. There was a deposit on the house within a week of it being listed.

On the other hand, I've seen overpriced houses sit for a while. We went to an open house in the fall. The realtor asked what we thought about the price and we told her we thought it was a little high. She explained that she really worked with the sellers to make sure it was priced fairly. The house is still sitting on the market even after a $40K-$50K price reduction.

[skytrekker]

I would tend to agree with NY2CT

Some realtor's views frankly might be biased somewhat. Amy does a fine job, however here at CD, as does JDHall in Stamford.

After looking back on former NAR economist David Lereah and present NAR economist Lawrence Yun - they have been wrong about every real estate prediction 2 years running.

Homes priced accordingly will sell quicker then those overpriced. There is currently 10 months of inventory nationally, (a record) while prices continue to fall.

From real estate in CT Connecticut Real Estate Blog - Real Real Estate in CT

Median Sales Price Drops

From $250,000 in December 2007 to $245,000 in January 2008

Average Days on Market Rises
From 63 in December 2007 to 78 in January 2008


Number of Closed Sales Down
From 728 in December 2007 to 479 in January 2008

Total Inventory or Number of Houses on the Market Rises
From 4489 in December 2007 to 4838 in January 2008

--such a rise in inventory might not be bullish for the spring selling season.

On a somewhat more humorous yet still serious analogy of the markets;
Bubbleonians: Individuals who believe we are in a perpetual bull market. Alternatively called "U4ians."
-denial is a powerful opiate. Easy Al: Former Fed chairman Alan Greenspan. Also known as "Al.com."

Home-price fall accelerating - Feb. 26, 2008