Ar_home_b_search
 

State of the Foreclosure Market in Hamden 2011 - 01/27/12 12:53 PM
Recent headlines have stated that foreclosure homes accounted for 20% of all sales last year. That grabbed my attention, so I thought I would check to see how Hamden compared to the national statistics. According to the Greater New Haven Association of Realtors, 358 single family homes sold last year in Hamden. (That's up from the 354 I previously reported. Seems like some agents were slow to report their end of year closings.) Of the 358 Hamden sales, 44 or 12% were foreclosed properties. In addition, 28 or 8%, were short sales, which probably would have resulted in foreclosures. Added together, … (1 comments)

To Erase Frown Lines in 2012..... - 01/05/12 09:43 AM
....smile more. Kidding aside, it's time to start 2012 on an optimistic note. After more than three years of doom and gloom, since the banking crisis, we are still here selling real estate. This market has tested us, and challenged us to be better at what we do. We have honed our skills and can sell in down markets, as well as thriving ones. Whatever, the eononomy, a good agent is a trusted advisor to his/her clients. This should be a source of pride to us all.
 
Let's look at 2012 as a year of opportunity. Prices may still be falling, … (5 comments)

Hamden sales in 2011 - 01/04/12 10:28 AM
Hamden experienced a slower market in 2011, which comes as no surprise to those of us who follow economic data. Despite lower listing prices and historically low interest rates, worries about jobs and uncertain local, national, and world economies weighed heavily on buyers' minds. Money was cheap last year, but really hard to get from banks. Wealthy people with great credit had no problem obtaining mortgages. This was reflected in the surprising number of homes that sold in the upper brackets - $750,000 and up. The middle range got hit hard and the low range, below $150,000, made up of short sales and foreclosures, … (0 comments)

 
Millliear Rainmaker_large

Millie Legenhausen, CRS, GRI, CIPS, MBA

Hamden, CT

More about me…

Home & Hearth Realty, Hamden, Connecticut

Address: 1220 Whitney Avenue, Suite C-1, Hamden, CT , 06517

Office Phone: (203) 287-1886

Cell Phone: (203) 214-4447

Email Me

Local market commentary, general economy commentary, sharing of lessons learned from years of experience in changing real estate markets.


Listings

Links

Archives

RSS 2.0 Feed for this blog

Find CT real estate agents and Hamden real estate on ActiveRain.