West Hartford Market Statistics for 2009 and January 2010: Is the market in balance?

Brent Bell, CRS, e-PRO — Thu, 14 Jan 2010 15:06:00 GMT

The West Hartford market had a sluggish start and a very strong finish in 2009. There were 624 closed sales of houses recorded in the Multiple Listing Service for the year (down from 646 in 2008). One of the most encouraging numbers was the median Days on Market for these sales at 37 days. People in many other parts of the country would be amazed that half of the houses took contracts just over one month (or less) after their debut on the market!

For 2009, the median list price was $292,000 & the median sale price was $285,000. The range in sale prices for the year started at $72,500 and continued to $2,600,000; quite diverse housing stock in West Hartford!

With the usual caveats that averages result from the actual homes sold in a given year, the number of closed sales in 2009 is down 3.4% from the 2008 sales level. The median sales price is off 6.25% from 2008 to 2009.

Looking to the present, there are just 169 houses available to purchase as of today (an extremely low inventory for a town of over 60,000 residents). The prices range from a low of $107,500 for a 2-bedroom, 1-bath (1,050 sf) home at 688 Flatbush Avenue to a high of $2,295,000 for a 6-bedroom, 6.2 bath (7,012 sf) home at 51 Old Stone Crossing. The median-priced property is located at 42 Spring Lane (4-bedrooms, 1 1/2-baths & 2,076 sf), offered for $339,900.

Currently, there are 51 houses under contract in town. The highest-priced is Lot 7 at Cranbrook, with an asking price of $995,000 (4-bedrooms, 3.2-baths, 4,289 sf). The median is 1122 Trout Brook Drive, priced at $274,900 (4-bedrooms, 2 1/2-baths, 2,170 sf). The lowest-priced is 14 Saint James Street, priced at $159,900 (2-bedrooms, 1-bath, 965 sf).

For more information on the value of your home in this market, contact Brent today by cell (860-614-8927) or email (brentbell@remax.net). You can find this blog directly by visiting www.MyCTRealEstateBlog.com.

If you want the approximate value of your home, and are not ready to be contacted by an agent, visit www.WestHartfordHomeValues.com. Fill out as much detail as possible about your house. Brent will respond by email only (unless you request a phone call) with an estimate of your home's current value within 24 hours of your request!

West Hartford Market Statistics for 2008 and January 2009

Brent Bell, CRS, e-PRO — Fri, 13 Feb 2009 01:15:00 GMT

The West Hartford market had a slow start and a strong finish in 2008. There were 646 closed sales of houses recorded in the Multiple Listing Service for the year (down from 725 in 2007). One of the most encouraging numbers was the median Days on Market for these sales at 27 days. People in many other parts of the country would be amazed that half of the houses took contracts less than one month after their debut on the market!

For 2008, the median list price was $312,900 & the median sale price was $304,000. The range in sale prices for the year started at $120,000 and continued to $2,441,000; quite diverse housing stock in West Hartford!

Looking to the present, there are 205 houses available to purchase as of today (a fairly low inventory for a town of over 60,000 residents). The prices range from a low of $154,000 for a 2-bedroom, 1-bath (768 sf) home at 73 Meriline Avenue to a high of $2,100,000 for a 6-bedroom, 4 1/2 bath (6,941 sf) home at 118 Sunset Farm Road. The median-priced property is located at 17 Fernridge (3-bedrooms, 2-baths & 1842 sf).

Currently, there are 47 houses under contract in town. The highest-priced is 49 Pheasant Chase, with an asking price of $925,000 (5-bedrooms, 4.2-baths, 5,121 sf). The median is 46 Ledgewood, priced at $299,900 (3-bedrooms, 1 1/2-baths, 1,658 sf). The lowest-priced is 120 Grove, priced at $120,000 (3-bedrooms, 1-bath, 1,162 sf).

Neighborhoods in West Hartford, Connecticut

West Hartford Market Statistics for 2009 and January 2010: Is the market in balance?

West Hartford Market Statistics for 2008 and January 2009