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Greater Hartford Real Estate Market Report

May 8th, 2008 by Amy

Thanks to a loyal reader for the request of data on additional towns. If you would like to see other towns, just comment on this blog, or send me an email offline.

All info presented is from the Multiple Listing Service as of today, for single family homes only, deemed reliable, but not guaranteed…


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There are 75 homes available for sale in Newington and 50 under contract waiting to close. Average days on market is 59 days. Newington is still a fast paced market and one of the more affordable towns for first time buyers.


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There are 118 homes available for sale in Wethersfield and 32 under contract waiting to close. Average days on market is 57 days. Higher end sellers in Wethersfield don’t have much competition, but only 8 properties closed in the last year that were priced more than $500K. That means there is a year’s worth of inventory on the market for this price range. :(


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There are 50 homes available for sale in Rocky Hill and 14 under contract waiting to close. Average days on market is 52 days. Most of Rocky Hill’s higher end prices come from homes built in the late 1990’s or early 2000’s, rather than brand new construction.


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There are 82 homes available for sale in South Windsor and 35 under contract waiting to close. Average days on market is 73 days. Seller’s in the $300K-$400K range don’t have much competition in a price range that typically accounts for 25% of the sales in this town.


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There are 220 homes available for sale in Manchester and 92 under contract waiting to close. Average days on market is 68 days. There are 80 homes on the market in Manchester at $200K or below. Manchester offers a lot of affordable opportunities for first time buyers, with a reasonable commute time to Downtown Hartford and surrounding towns.


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There are 174 homes available for sale in Glastonbury and 55 under contract waiting to close. Average days on market is 74 days. 28% of the homes on the market in Glastonbury were built in 2007 or are to be built in 2008.

Farmington Valley Real Estate Market Report

May 7th, 2008 by Amy

Here’s the latest Farmington Valley real estate market report. The data provided is for single family homes, listed in the Multiple Listing Service. The info presented here is deemed reliable, but not guaranteed…


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There are 142 homes available for sale in Avon and 46 under contract waiting to close. High end buyers have their choice of properties. Average days on market is 41 days.


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There are 135 homes available for sale in Farmington and 43 under contract waiting to close. Farmington experienced the same number of sold homes in April of 2008 as it did in April of 2007, 15 houses. Average days on market is 83 days.

On a side note, 50 Cent’s house has been on the market for a year. No price reductions yet. I wonder if he really wants to move? After all, the Valley is a lovely place.

On another side note, it took me awhile to find a “family friendly” 50 Cent video. I try to keep my blog PG. :)


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There are 140 houses available for sale in Simsbury, with an additional 59 under contract waiting to close. Average days on market is 54 days. If you’re looking for a home in the $400K-$500K range in Simsbury, you have lots of choices. 21% of the houses for sale are listed between $398K-$500K.


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There are 103 houses available for sale in Canton, with an additional 16 under contract waiting to close. Average days on market is 95 days. The various price ranges are fairly balanced. If you’re looking for a $1,500K+ home, you might want to try Avon, it has more choices available.

West Hartford Real Estate Market Report

May 6th, 2008 by Amy

It’s time once again for the town real estate market updates. First up, West Hartford. All data is pulled from the Multiple Listing Service, deemed reliable, but not guaranteed.

Single Family Houses…


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There are 224 single family homes currently available for sale in West Hartford. If you’re a buyer in the $200K to $300K range, you have lots to choose from. The number of closings was down 22% in April of this year, compared to April 2007. The median price was down 2% when comparing April 2008 to April 2007. Average days on the market is 42, which is a nice positive.

Condos…


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There are 80 condos currently available for sale in West Hartford. If you’re a seller in the $300K to $400K range, you don’t have much competition. The number of closings was exactly the same when comparing April of this year with April 2007, 9 closings. Average days on the market is 67, which is somewhat skewed upwards because of new construction units.

Farmington Valley data tomorrow…