Category Archives: University Area & Property

January 2009 Home Sales

The Greater Hartford Association of Realtors reports that pending home sales for the region decreased by 1.59% from January of last year.  However, looking at the month to month data, pending sales were up 49.40% from December 2008.  At The Burns Real EState Group we have seen an increase in activity in many of the markets we specialize in – luxury homes, Uconn area homes and lakefront properties.  The first time homebuyers we have been helping have been finding some great properties and are also at the forefront of the increased level of market activity in recent weeks. This does not mean there has been an increase in prices, the median sales price in the area fell by 7.05% in the same month to month comparison.  Inventory increased by 2.21% over the same time period for last year and  the average days on the market remained at 77 days.

Monday Market Update: University Property

With the new semester underway, now is the perfect time to start looking for an investment or rental property near UConn or ECSU. Whether you’re wanting to purchase university area rental property as an investment or if you are looking for a place rent near campus like this home, this time of year is the time to start looking at available university properties so you can either sign a lease or sign a purchase agreement in time to move in for summer session or in the fall!

As experienced university area real estate specialists, The Burns Real Estate Group is accustomed to the unique challenges finding university investment and rental properties in Connecticut. Our experience and local market expertise lets us help buyers looking for a perfect investment property and renters looking for the perfect rental. Check out our convenient Property Organizer – you can setup a search profile that will automatically scour the local market and email you with listing alerts. It’s just one of our tools that helps us help our clients!