Archive for the 'The Valley' Category
Farmington Valley Real Estate Market Report
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…
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.
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. 
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.
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.
Happy Day in Farmington
I was driving through Farmington today and was inspired by these flowers on Route 4…Enjoy!
Farmington Valley Real Estate Report
Here are some real estate statistics for Single Family Homes for sale in the Farmington Valley, as of today…
As a buyer or seller, this data should help you understand if you have a lot or a little competition in your price range.
Average days on market for Avon, as of today, is 57 days.
Average days on market for Canton, as of today, is 122 days.
Average days on market for Farmington, as of today, is 69 days.
Average days on market for Simsbury, as of today, is 63 days.
Will Farmington Buy Krell Farm?
This Thursday, the residents of Farmington have an important decision to make regarding the future of the Krell Farm.
The town is holding a special referendum vote, allowing residents to decide if the town should buy 90 of the farm’s 98 acres for $6.75 million, which will preserve the land as open space. If Farmington’s residents decide against buying the acreage, a developer will most likely step in and buy the land, at a much greater price.
You can learn more about the proposal here, and here, and here, and here.
Today the Courant’s editorial section made a plea to Farmington’s residents to buy the land. I have to say, I must agree with their position. Maybe it’s my Vermont roots talking, but I can’t stand to see developments eating up all of the farmland.
Farmington residents, please vote this Thursday, January 17. Make productive use of land that is already developed. Don’t destroy the green space and farmland. Vote YES to purchase the Krell Farm.
*Image is a rendering of the Brandon Barn by Warren Kimble
Farmington Valley Residential Year in Review
As a continuation from yesterday’s West Hartford 2007 residential real estate review, here is the data for the Farmington Valley. Again, all data is for single family homes only that were listed and transacted in the Multiple Listing Service. I’m also including the current inventory levels which indicate how the market is currently doing. Historically, 0-3 months of inventory is a seller’s market, 3-6 months of inventory is a neutral market, and 6+ months of inventory is a buyer’s market.
Avon currently has 8.8 months of housing inventory available, indicating a buyer’s market.
Canton currently has 8.3 months of housing inventory available, indicating a buyer’s market.
Farmington currently has 3.8 months of housing inventory available, indicating a neutral market.
Simsbury currently has 4.2 months of housing inventory available, indicating a neutral market.
The number of sales were down in every market presented here, in comparison to 2006. But pricing still remained strong. Average sale prices were either up or only slightly down by 1%. Real estate in the Farmington Valley continued to hold its value in 2007. We’ll see how the pricing in, what should be buyers markets, holds up in Avon and Canton this year.
Curious about another town in the area? Send me your request and I’ll happily post the data for you.