Lisa Rosenfield

During the last 14 days 30 homes have come on the market in West Hartford and Bloomfield. West Hartford saw 25 new listings during this time and 8 of those are already under deposit. Bloomfield saw 5 new listings in the last two weeks and 1 of those is already under deposit. For West Hartford that means that 32% of homes listed in the last 2 weeks are under contract with buyers. In Bloomfield the percentage is 20%.

The spring market has started and homes in our area are selling. Last weekend one of my buyer clients was successful in a multiple offer situation on a West Hartford Home. Another home listed by our office received seven offers with a few days of becoming active on the market.

If you are a homeowner thinking of selling, this is a good time, but please get your home in the right condition to be shown. It must be cleared of clutter and an excess of personal items. If you are a buyer, remember that the real estate market is local and that in this area of Connecticut homes that are in good condition and are priced accurately are selling for good prices. Please don't think that because the national news is full of doom and gloom that you will be able to buy your home for less than market value.

Buyers are actively looking for homes and newly listed West Hartford homes are selling quickly. Sellers need to consider the market when offering their homes for sale. A home that is neat, clean and clutter-free will attract the buyers. The homes that will sell quickly are those that are priced competitively. Despite the cold snowy weather that January has brought, several homes in West Hartford have sold within days of coming on the market.

These homes were priced where they should have been in today's market and were prepared for sale. If your home has been sittng on the market for a time, you should be talking to your Realtor about the things you can do to make your home more attractive to today's buyers. These items can range from cleaning out closets to painting to refinishing floors. Removing clutter is essential.

You must make your home available when buyers want to see it. Remember that when your home is for sale you may be inconvenienced by having to pack up some items and put other things away, but your goal should be to make your home appeal to the buyer by making it possible for them to see your house as their future home.

WEST HARTFORD HOMES ARE SELLING.

It is mid November and the holidays are almost upon us but West Hartford homes are selling. During the last few weeks we have seen several homes go under deposit after receiving multiple bids. Some of these homes were new to the market and priced competitively for the current market; others were homes that have been on the market for months and have attracted buyers after recent price adjustments.

There have been 24 West Hartford homes listed in the Multiple Listing Service during the last two weeks. During the same time 31 West Hartford homes were placed under deposit. Seventeen of these homes had been reduced from their original listing price.

Rates are low so it is a good time to be a buyer. First time home-buyers can take advantage of the federal tax credit being offered to new homeowners.

Sellers who have freshened up their homes and priced them competitively are seeing action and sales.

The West Hartford Real Estate Market is alive !!

West Hartford January/February 2008 Market REport

2008 Average Sale Price: $321,635

Listings Taken: 188 Listings Sold: 66 Days on the Market: 54 List Price/Sale Price Ratio: 95.94%

2007 Average Sale Price: $313,144

Listings Taken: 224 Listings Sold: 117 Days on the Market: 56 List Price/Sale Price Ratio: 97.09%

Bloomfield Market Report for January and February

2008 Average Sale Price: $257,797

Listings Taken: 99 Listings Sold: 17 Days on the Market: 49 List Price/Sale Price Ratio: 94.33%

2007 Average Sale Price $219,158

Listings Taken:92 Listings Sold: 36 Days on the Market: 47 List Price/Sale Price Ratio: 97.79%