Hamden, CT Real Estate News

By Matthew Mitchell, New Haven Real Estate Agent
(Buyer's Capital Real Estate)
What is a Short Sale? Short Sale: when bank agrees to accept less than what home is CURRENTLY valued at. Home values in the town of Hamden as well as New Haven County have dropped drastically over the past few years. Short Sales are becoming increasingly common in the area because of the benefits in contrast to a foreclosure or deed-in-lieu. In the case of a Short Sale, banks allow a house to sell for less than the outstanding liabilities. It is not uncommon for REALTORS® in attempt to please sellers and to circumvent conventional wisdom to list home for more than it's value. The problem now is with: 1. Hoping it sells; 2. the APPRAISAL (which will reiterate CURRENT property value). The wiser decision would be to look at the dynamics of the seller's situation and determine if property i...
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By wayne wright
(GW Real Property Analysts Inc.)
Hamden has one of the most active real estate market's in the state over the last 90 days, it ranks 6th out of 169 towns in the number of single family home sales. The number of transactions is important because it provides an indication of how well a community is perceived by the market. The home buying public likes Hamden, it has plenty of shopping which is easily accessed from the most densely developed areas as well as easy highway access. It is also close to New Haven which is a major employment center. All the stats cited in this blog are from the local board of Realtors, the Realtor stats are more current than other data sources that are available and are updated daily. I would like to try to put the information which is out into perspective and provide usable info which buyers a...
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By Patricia Leary, Homebuyer Specialist, Conv, FHA,VA,CHFA, 203K,USDA
(Atlantic Home Loans )
Dan Malloy took the oath of office on January 5th to become the first Democratic Governor elected to office in the state of Connecticut in twenty years. He took the oath of office at the William O’Neill Armory in Hartford, Connecticut. In his State of the State address in front of the General Assembly he stated “We will need to solve our problems- together-by pursuing with great urgency not Republican ideas or Democratic ideas that know no political agenda.” He struck a tone of cooperation that was welcomed by both parties. He talked about Bradley Airport Authority becoming stronger and more independent, developing the state’s three deep water ports and cutting energy and health costs. One of his main jobs is going to be getting the budget deficit under control. Connecticut, like 45 ot...
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Hamden CT Homes-Hamden CT Real Estate Market Report January-November 2010 Understanding the general direction of the current Hamden CT homes real estatemarket conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home inNew Haven. There are currently 227 Hamden CT homes for sale ranging in price from $62,000 to $925,000. During the months of January-November 2010there were 364 homes that closed which is a decrease of 63 homes as there were 427 homes that closed from January-November 2009. The average sales prices of the Hamden CT homes sold from January-November 2010 was $238,291 with an average 69 days on the market versus $242,066 for those sold during January-November 2009 with an average 75 days on th...
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By Paul Begemann
(Attorney Paul H. Begemann)
The Hamden Chamber of Commerce together with the Town is sponsoring a restaurant week in Hamden, September 20 to 26, 2010.  Hamden, CT has a great mix of restaurants, casual to fine dining, from pizza to the latest international exotic trend and everything in between!  And the participating restaurants are offering some great deals for restaurant week, lunch and dinner, "prixe fixe" so check it out! Here is the web site dedicated to the event, which will have full information, menu links, etc. Enjoy!  
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By Matthew Mitchell, New Haven Real Estate Agent
(Buyer's Capital Real Estate)
Looking to move? Looking for an area where you can play tennis? Catch a baseball game? Play basketball? Look no further than Millrock in Hamden, CT. Located just minutes from Downtown New Haven and Yale University, Southern Connecticut State University and Alburtus Magnus College in addition to being walking distance to a shopping district this neighborhood has plenty to offer.   Currently there are some active listings but in this area they never last long! If you would like to see what this neighborhood has to offer, CONTACT ME Night or Day, Day or Night!
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By Millie C. Legenhausen, CRS, GRI, CIPS, MBA, Realtor
(Calcagni Real Estate, Hamden, Connecticut)
Springtime means spring cleaning. How many of you have old computers, printers and related "stuff" in your basements right now taking up valuable space? Bring those electronics to Hamden Middle School this Saturday, May 22nd. Besides computers, you can bring monitors, printers, fax machines, copiers, old televisions, VCRs, phones, stereos, radios, microwaves, cameras and camcorders. In addition to recycling, there will be a "shredding event", where you can bring up to 4 bags of personal paper and household records for shredding. It's a great way to safely dispose of old bills with personal information and account numbers. Who: This recycling event is open to residents of Hamden, Cheshire, Meriden, North Haven, and Wallingford. What: Electronic Recycling, Paper Shredding limited to 4 bag...
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By Millie C. Legenhausen, CRS, GRI, CIPS, MBA, Realtor
(Calcagni Real Estate, Hamden, Connecticut)
Happy Earth Day! After a tough winter, we in Connecticut have been rewarded with an extra month of Spring this year. Everything has greened up at once. We gardeners are thrilled, although, we wonder what is going to be left to bloom. It's only April 22nd, and already we have seen the early rhododendrons, the azaleas, the tulips, the lilacs and even the trees in bloom. We are almost a month ahead of schedule. I don't remember an earlier Spring in the 25 years I have lived in Connecticut. No complaints here, other than lots of sneezing. We love nature's show. I have been walking around my neighborhood of Whitneyville in Hamden the past hour, enjoying the weather and saying hello to people walking by. A group of Hamden High students is across the street from my office celebrating Earth Day...
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By Millie C. Legenhausen, CRS, GRI, CIPS, MBA, Realtor
(Calcagni Real Estate, Hamden, Connecticut)
We saw a significant jump in inventory this quarter, as the temperature started to improve. As of this morning, there are 252 single family listings in Hamden, of which 41 are on "on deposit/continue to show" status. The bulk of the inventory (95 homes) is priced between $200-$300,000. Of these listings, prices have been raised on only 6 homes. There are fewer price cuts, however, probably in anticipation of a good month for sales in April. Buyers have 30 days to make their choices and get a house on deposit to qualify for the first time homebuyers tax credit of $8000. Of the 74 properties sold since January 2nd, 27 are short sales or bank owned. 65 homes sold in the same period last year. The average sales price today is $222,757, vs  $223,675 a year ago.  The average price per square ...
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By Millie C. Legenhausen, CRS, GRI, CIPS, MBA, Realtor
(Calcagni Real Estate, Hamden, Connecticut)
The picture is looking rosier. The inventory is still low in Hamden, about 200 active listings, even as we march towards the April 30th deadline for first time homebuyers' to be eligible for the tax credit. I took a look at what has sold in town since January 2nd, and found that 46 single family homes have closed year to date, vs 36 in the same period in 2009. Of these, a sobering 20 were bank owned or short sale properties. These short sales statistically brought down the average sale price in town to $135.29 from the mid $150s at the end of last year. This makes sense, as bank owned properties are priced lower and often need lots of expensive work to shine them up again. The average days on market was 100 days. Surprisingly, the ratio of list price to selling price was 97.55%. Propert...
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Hamden CT Homes - Hamden CT Real Estate Market Report December 2009 Understanding the general direction of the current Hamden CT real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Hamden. There are currently 170 Hamden CT homes for sale ranging in price from $75,000 to $1,495,000. In the month of December 2009 there were 32 homes that closed which is a decrease of 5 home as there were 37 Hamden CT homes that closed in December 2008. The average sales prices of the Hamden CT homes sold in December 2009 was $202739 with an average 62 days on the market versus $232,666 for those sold in December 2008 with an average 77 days on the market. The median sales price for December 2009...
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By Millie C. Legenhausen, CRS, GRI, CIPS, MBA, Realtor
(Calcagni Real Estate, Hamden, Connecticut)
There is no inventory! As of this morning, there are only 148 active listings in our town of over 60,000 people. Another 19 single family homes are on "show" status, indicating that there is a contract on the table, pending financing and other contingencies. Anyone looking for a home in town, has very little to choose from in any price range. The bulk of the inventory is priced between $200,000 - $300,000, with the averaging listing price of about $250,000. $300,000 can buy you a three bedroom, two bath, 2000 square foot home. Prices seem to be stabilizing. While we are seeing price cuts, they aren't as drastic and as often. Hamden is presently going through a revaluation for tax purposes. This is done every three years in Connecticut. There is a certain amount of anxiety around revalua...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
Hamden CT Homes - Hamden Real Estate Market Report November 2009 Understanding the general direction of the current Hamden real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Hamden. There are currently 173 Hamden CT homes for sale ranging in price from $64,900 to $1,495,000. In the month of November 2009 there were 44 homes that closed which is an increase of 10 home as there were 34 Hamden CT homes that closed in November 2008. The average sales prices of the Hamden CT homes sold in November 2009 was $226,134 with an average 55 days on the market versus $222,856 for those sold in November 2008 with an average 80 days on the market. The median sales price for November 2009 wa...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
Hamden CT Homes - Hamden Real Estate Market Report October 2009 Understanding the general direction of the current Hamden real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Hamden. There are currently 177 Hamden CT homes for sale ranging in price from $74,900 to $1,495,000. In the month of October 2009 there were 38 homes that closed which is an increase of 5 home as there were 33 Hamden CT homes that closed in October 2008. The average sales prices of the Hamden CT homes sold in October 2009 was $220,013 with an average 53 days on the market versus $261,050 for those sold in October 2008 with an average 80 days on the market. The median sales price for October 2009 was $218,...
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By Millie C. Legenhausen, CRS, GRI, CIPS, MBA, Realtor
(Calcagni Real Estate, Hamden, Connecticut)
On Sunday morning I looked out of a second story window at home and saw something sparkling in the distance, where Quinnipiac University is building the new 250 acre York Hill Campus in Hamden. The sparkles were coming from the new "windmills" which the university has erected to generate power for the campus. On Monday, I decided to check things out. A few months ago there was only one windmill, and now it looks like there are a dozen or more. As you can see, there are no blades on these structures. They are verticle axis turbines, manufactured by Mariah Power. Not only do they have a distinctive look, their design allows them to run silently. There will eventually be 42 of these 40' turbines at the site, adding architectural interest to a garden below. It should be a fascinating gather...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
Hamden CT Homes - Hamden Real Estate Market Report September2009 Understanding the general direction of the current Hamden real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Hamden. There are currently 189 Hamden CT homes for sale ranging in price from $69,900 to $1,495,000. In the month of September 2009 there were 39 homes that closed which is an increase of 1 home as there were 38 Hamden CT homes that closed in September 2008. The average sales prices of the Hamden CT homes sold in September 2009 was $276,356 with an average 97 days on the market versus $294,339 for those sold in September 2008 with an average 78 days on the market. The median sales price for September 200...
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By Paul Begemann
(Attorney Paul H. Begemann)
Had a nice leisurely Sunday today, and since Columbus day is holiday here in CT, we get another Sunday tomorrow! We did two enjoyable activities in town today.  First I had a nice nature walk with my two younger children (10 year old twins) on same land of the Hamden Land Conservation Trust (http://www.hlct.org) that they have helped to protect from development.  It was informative and beautiful.  We had some great views from the ridge line we were on, only wish I had some pictures to share!  The fall foliage is starting and it was such a clear day, and we met some nice folks from town. Then we went to our local Hamden orchard and farm store, Hindinger Farm (http://wwww.hindingersfarm.com) and again enjoyed the beautiful fall day,  the great views and the excellent local apples (we boug...
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By Millie C. Legenhausen, CRS, GRI, CIPS, MBA, Realtor
(Calcagni Real Estate, Hamden, Connecticut)
There is a spot on New Road that has been a favorite with locals for centuries. It's Clark's Pond, a calm oasis in a busy part of town. Today the Pond is bordered by Quinnipiac University. Its beauty offers students and town folk alike a respite from the quick pace of life. As you can see, the surrounding foliage is putting on its show for Fall. The colors should be at peak in about one week. Visitors to our area of often struck by the variety of landscapes in town. The northern part of Hamden is rural and rugged. There are horse farms and large estates for those favoring privacy. Most of the town, however, is made up of neighborhoods which reflect the era in which they were constructed. We have neighborhoods built at the turn of the last century, which feature multi-family homes and ho...
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By Millie C. Legenhausen, CRS, GRI, CIPS, MBA, Realtor
(Calcagni Real Estate, Hamden, Connecticut)
Early Fall in Hamden is a magical time. Nature provides the perfect backdrop for our town. We all feel energized by the cool, crisp air. Trees are giving their first hints of the blaze of color that is to follow. (October 15th is peak leaf-peeping time in Hamden). Now is the time to visit the local farms for fresh apples and produce. Hamdenites can also take advantage of two weekly Farmers Markets. In my neighborhood of Whitneyville, there is a new "pocket park" overlooking Lake Whitney. This idyllic spot is sure to please anyone who visits our corner of town. The spot was made possible by the design of a local architect, Kari Nordstrom working with Town Of Hamden Designer Vince Conte, and Sharron Mitchell. It is located on Lake Street, just behind Books & Company. Pedestrians can grab ...
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By Julie Dumaine-Russell
(RE/MAX Alliance)
Hamden CT Homes - Hamden Real Estate Market Report August 2009 Understanding the general direction of the current Hamden real estate market conditions is of vital importance to both buyers and sellers in order to help you make a more informed decision when buying or selling a home in Hamden. There are currently 203 Hamden CT homes for sale ranging in price from $26,000 to $1,495,000. In the month of August 2009 there were 44 homes that closed which is a decrease of 1 home as there were 45 Hamden CT homes that closed in August 2008. The average sales prices of the Hamden CT homes sold in August 2009 was $241,583 with an average 78 days on the market versus $295,677 for those sold in August 2008 with an average 60 days on the market. The median sales price for August 2009 was $227,500. Th...
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