The West End of Hartford will be hosting its 4th annual progressive dinner, the DineAround, this evening. The 180+ participants will begin the night by gathering at a home on Prospect Avenue for appetizers and drinks. From there, guests will proceed to one of 23 host homes where they will enjoy a lovely meal with 8-10 neighbors that they may or may not know. The evening is capped off by dessert at a home on Scarborough Street. Proceeds from the dinner support the neighborhood’s West End Civic Association.
So how did Hartford’s West End real estate market fair last year in comparison to 2006? See for yourself…
The yearly number of home sales in the West End is somewhat small, but there are still enough to make it interesting to look at in the aggregate. Prices remained fairly stable when looking at both the median and average prices for the neighborhood. Additionally, homes sold about 2 weeks faster in 2007 than they did in 2006.
Today the West End market appears to be stagnating though. Currently there are 18 homes on the market in the West End and the average days on market for those homes is 114 days. That’s a 72% increase in the average time on market when compared to 2007. At this point it’s not clear if the increase is due to the seasonality of the market or a true slow down in interest in West End homes. We’ll keep an eye on this as we move through 2008.