In an effort to be timely and transparent with real estate data for Hartford County, we are excited to launch our first Hartford County Property Report.
By clicking on this link, you’ll have access to our report, analysis, and Hartford County real estate data by town for the fourth quarter of 2009, as well as 2009 overall. Going forward, we’ll publish this information and analysis on a quarterly basis.
If you have interest in a specific town within Hartford County, you’ll find our report has single family home and condominium data on a variety of metrics.
Activity in Hartford County’s housing markets increased sharply in the fourth quarter of 2009 versus the same period in 2008, propelling the total number of transactions for 2009 past the 2008 total. Median prices continued to fall for both the single-family and condominium markets.
Single-Family Homes
Fourth quarter sales of single-family homes increased by 24.4% compared to the year-earlier period, allowing the total number of sales for 2009 to exceed the 2008 total by 0.3%. Despite the strong quarter, the 6,193 brokered sales over the past year were over 31% below the County’s recent annual high of 9,043 in 2005.
The median price for single-family homes in the County fell by 7.4% in 2009 from $243,000 to $225,000. Sales price per square foot, another valuation metric, fell 4.9% during the year from $152/sqft to $145/sqft. Finally, the median time on market decreased from 43 days to 42 days.
Condominiums
The condominium market has been an exaggerated version of the single-family market. Even though fourth quarter sales increased by 33.1% over the year earlier period, it was not enough to make up for the slow first half of 2009. The total of 1,880 sales was 3.4% less than 2008’s total, and is 43.7% below the recent high of 3,340 in 2005.
Median sales price fell 2.4% during 2009, from $173,375 to $169,300, and the median price per square foot fell 5.6% from $143/sqft to $135/sqft. Condominiums experienced an increase in sales time, with the median days on market rising from 45 to 55 days.
Variations Within Individual Towns
Performance of the real estate markets varied widely within the County’s 29 individual towns. Several towns saw an increase in the number of transactions of more than 15% versus 2008, while a number of others saw decreases of more than 10%. Median price changes for the single-family markets ranged from +1.6% to –22.4% in towns with at least 75 transactions.
Continue on to Analysis of the Year End 2009 Data.