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).
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!