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Connecticut Yankees Are In King Sellers' Court

Tiny Connecticut has a population of a little over 3.2 million and just over 5,000 square miles, but it packs a wallop in the history books and as a relocation destination.

The fifth colony to join the Union, Connecticut was in the thick of the Revolutionary War - its residents showing a willingness to share provisions and lay down down their lives so that the colonies would prevail. The independent spirit helped the area crossover from an agrarian culture to industry where the historical state is known for a long list of firsts - the first factory in America, the first sewing machine, and the first artificial heart.

Considered by many to be a suburb of New York, Connecticut offers a wide range of lifestyle options from thick forested country roads with historical properties, to its desirable coastline and picturesque harbors.

In the central state area, "Hartford is hot," says Realtor Rhonda K. Leonard-Woods, "Properties are selling within 10 days however with low inventory, competition for these properties are fierce."

Commuters to Route 84 also like Farmington for its historic town center as well as areas of new construction.

"Prices in Farmington rose dramatically this past Spring and Summer thanks to low inventory and low interest rates which provided many more buyers than there were homes available," says Realtor Cathy Fischer. "This has been especially true in the condominium and starter home category. The winter months have brought an even greater drop in inventory. With little available, prices have remained steady and competition among buyers for the best properties is strong. This is a great time to be selling your home in Farmington."

In Avon, an affluent suburban Hartford community located in the Farmington Valley, housing prices are also continuing to rise. "Thanks to low interest rates and low inventory," says Fischer, "buyers are finding that they have to pay more and act more quickly when they find what they're looking for among the available homes. It is not unusual to see homes that are priced well and in good condition selling in multiple offer situations.

On Connecticut's generous coastline, the market is also favoring sellers.

"Westport is a diverse and culturally exciting town," says Realtor Judy Szablak. "Located on Long Island Sound, Westport offers breathtaking oceanfront scenery, a charming country landscape, attractive amenities, and a comfortable commute to New York City."

According to Szablak, there is not enough inventory of homes. "There are 220 single family homes on the market, 3 condominiums, and 124 rental properties available," says Szablak, "and 139 homes were sold in the last six months. The housing price bracket enjoying the most sales was $500k-$600k."

Another charming coastal town within an hour of New York City is Fairfield, suggests Realtors.

"Fairfield offers a broad diversity in lifestyle and housing," say Realtors Sara Hancox and Charles Hemmerdinger. "It encompasses the rolling hills and horse country of Greenfield Hill as well as the historic village of Southport and its picturesque harbor.

"The spring market is in full bloom, as are the Dogwoods."

Published: May 22, 2002

Use of this article without permission is a violation of federal copyright laws.




Blanche is a renowned author of five real estate books. Her newest, Bubbles, Booms and Busts: Make Money In Any Real Estate Market, McGraw-Hill, was rave-reviewed by The New York Times. She was also selected from hundreds of real estate experts to contribute to Donald Trump's book, Trump: The Best Real Estate Advice I Ever Received: 100 Top Experts Share Their Strategies, Rutledge Hill Press, and is featured on page 68.


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Review - Honors

In 2006, Blanche was selected among scores of candidates to author two consumer real estate guidebooks for the National Association of Realtors: The NAR Guide to Home Buying, and The NAR Guide to Home Selling, Wiley & Sons. She is currently planning two new books for the NAR and its members.

     

Known for her keen insight into real estate industry issues and for her ability to make complex subjects easy to understand, Blanche is a sought-after keynote and continuing education speaker. Real estate organizations from MLSs, to brokerages, to franchisors, to associations hire her to provide up-to-the-minute analysis of real estate industry news and advice on how to improve revenues. Her passionate delivery, peppered with stinging wit, is a huge hit with audiences and fans.


Don Klein, CEO Greater Nashville Association of Realtors, Blanche Evans, Richard Courtney, president 2007, GRAR

"The GNAR membership meeting last week featured Blanche Evans as the keynote speaker. Her comments and insights resonated extremely well with those in attendance and we have had many requests for copies of her PowerPoint Presentation. She was a terrific part of the membership meeting and convention program!" - Don Klein, CEO Greater Nashville Association of Realtors

Coverage from WSMV, Nashville - 8-14-2007

That Interview Guy - Get Inside The Head Of Today's Generation
2007 AE Institute Session - To purchase
2006 AE Institute Session - Parts 1 2 3 4 5 6 7 8 9
HouseValues Mastermind call - Parts 1 2

Blanche's fireside chat with Jeremy Conaway, HAR - Click here.

For more articles by Blanche, click here.








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