So far, this year has seen only 550 property owners who've appealed valuations, said Dakers. That year, the town recorded about 22,000 residential property appeals. In the wake of a 2006 revaluation - near the height of a hyper real estate market - median home prices increased by a hefty 78 percent. The town also performed 7,000 follow-up inspections - in person and by phone - on half of those properties. It's a pretty good response rate, according to Dakers. About 13,000 - or 73 percent - were returned. The town's revaluation marketing program included 18,041 mailers to confirm property details with owners. The gross assessment for apartments went up 13.2 percent, the single largest increase and improvement for the town. Petitions to go before the Board of Appeals must be entered before a Feb. The grand list is not yet finalized as the property revaluation appeal period continues. With a residential base at 94 percent of 22,391 parcels, the expected 5.6 percent decrease in tax revenue will pull $316 million from the grand list. 'Many agents have buyer clients that are just waiting for West Hartford inventory to become available,' Bergquist said.

In the end, it all boils down to the overall quality of life - one that does come with a higher price tag - that still draws people to West Hartford.īergquist has already been involved in a few multiple offer situations with clients this year and says several other agents she knows have been too. West Hartford's many strengths are its schools, destination shopping, entertainment and a well-managed, pedestrian-friendly community. 'Excluding 2010, because of market distortions due to the first-time home buyer tax credit, this is the fastest start to the year since 2008.' 17, 63 single-family properties have gone under contract this year, compared to 43 at the same point in 2011,' said Realtor Amy Bergquist ABR, GRI, of RE/MAX Premier in of West Hartford. Some areas include homes near Blue Back Square and parts of Mountain Road and Trout Brook Drive. New buyers continue to seek entry into the market and some neighborhoods held or increased in value. 'There are always ebbs and flows in the market,' said Town Assessor Joseph Dakers Sr.Ī weak economy impacted values - the median values for single family home dropped more than 7 percent and condos went down 15 percent.

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