median price: Manchester CT Market Report for April 2012 - 05/16/12 10:35 AM
Manchester CT Market Report for April 2012
 

 
Real estate activity was clicking along in Manchester CT during April 2012, with 27 closed sales. While this was down somewhat from March 2012 (32 closed sales), it was up from the previous April (23 closed sales). 
 
On a positive note, however, were median and average price which increased over the prior month as well as over the same period last year. This April, the median price was $160,000 and the average price was $192,070, compared to a median price of $147,400 and an average price of $175,000 in March … (4 comments)

median price: East Hartford CT Market Report for March 2012 - 05/01/12 03:23 PM
East Hartford CT Market Report for March 2012
 

 
Closed sales in East Hartford in March 2012 were up significantly over March 2011.  This March, there were 39 closed sales, compared to 27 closed sales in March 2011.
 
Median and average prices were down significantly from the same period last year. The median price this March was $124,000 compared to $149,000 last March, while the average price this $118,538 this March compared to $141,599 last March.
  
In addition to closed sales, there are currently 37 homes under contract and 48 under deposit, so we should expect that … (6 comments)

median price: South Windsor CT Market Report for March 2012 - 04/23/12 04:01 PM
South Windsor CT Market Report for March 2012

The South Windsor CT real estate market showed improvement in the number of closed sales over the same period last year and over the previous month. In March 2012, there were 13 closed sales, compared to just 8 the previous March and 9 in February 2012.
 
Median and average price improved over February 2012, with the median price in March 2012 of $230,000 (compared to $215,000 in February) and the average price in March 2012 of $259,590 (compared to $242,256 in February).
 
In comparing the same month last year, median price … (5 comments)

median price: February 2012 Market Report ~ Manchester CT - 03/28/12 07:18 AM
February 2012 Market Report ~ Manchester CT
 

 
During February 2012, there were 18 closed sales in Manchester CT with a median price of $151,750; the average price was $147,883.
 
The lowest priced home was a two-bedroom, one-bath, 696 sq. ft. ranch which sold for $58,500. The highest-priced home was a three-bedroom, 2.1 bath colonial with 2172 sq. ft. which sold for $255,000.  The median list price/sale price ratio was 96.1%.
 
When we compare February 2012 to February 2011, we see that while the closed sales increased this year (18 in 2012 vs. 10 in 2011), the … (4 comments)

median price: 2011 Year in Review ~ Bolton CT - 02/26/12 03:45 PM
Bolton CT was one of the few towns that defied the trend of slumping sales in 2011 compared to 2010.  In fact, Bolton CT showed stunning results in both closed sales and median price.  In 2011, there were 49 closed sales compared to 35 closed sales in 2010.  That's a 40% increase over the previous year.
 
The median price showed just as positive results; the median price in 2011 was $275,000 compared with a median price of $207,900 in 2010, which is a 24.4% increase.
 
Bolton did not show the huge surge in sales as a result of the … (3 comments)

median price: 2011 Year in Review ~ East Hartford CT - 02/24/12 06:12 AM
East Hartford CT was a busy market for real estate sales in 2011, but not quite as active as in 2010. According to MLS data, there were 307 closed sales in 2011 compared to 343 in 2010. In addition, the median price dropped to $144,000 in 2011 from $155,000 in 2010.  That's a 7.1% decrease in median price and 10.5% drop in closed sales.
Here is a look at the closed sales by month:

As was typical for many markets, East Hartford showed a surge in activity in the months before the expiration of the homebuyers' tax credits on June … (2 comments)

median price: 2011 Year in Review ~ Manchester CT - 02/10/12 05:03 PM
2011 Year in Review ~ Manchester CT

2011 has closed and the real estate analysis has been done.  By most accounts 2011 was a worse year than 2010, but let's take a look at what actually happened in Manchester CT in 2011.
 
During 2011, there were 321 closed sales with a median price of $169,000.  Both number of closed sales and median price were down from the previous year, which posted 358 closed sales with a median price of $185,000.  So median price decreased by 8.65% and the number of closed sales decreased by 10.3%.
 
If we look … (10 comments)

median price: South Windsor CT Market Report for December 2011 - 01/15/12 10:54 AM
South Windsor CT Market Report for December 2011


 
The number of closed sales in South Windsor CT was up in December over the previous month (17 closed sales in December compared to 13 closed sales in November).  The median price was also up from $240,000 in November to $249,900 in December.
 
However, compared to last December, both number of closed sales and median price were down.  Last December showed 26 closed sales and a median price of $256,000.  The only bright spot there was that the number of homes sold over $400,000 remained the same.  Here is … (6 comments)

median price: Manchester CT Market Report for December 2011 - 01/12/12 06:50 PM
Manchester CT Market Report for December 2011
 

 
During December 2011, there were 22 closed sales with a median price of $155,450 in Manchester CT. Although the median price was up somewhat from the previous two months ($152,500 in November and $147,750 in October), the number of closed sales was the lowest since February 2011.
 
In comparing the numbers with last December, we can see that the number of closed sales was down (29 last December), but the median price was virtually unchanged ($155,450 in December 2011 vs. $156,000 in December 2010).
 
Here is the breakdown by … (3 comments)

median price: Vernon CT Market Report for November 2011 - 12/15/11 05:02 PM
Vernon CT Market Report for November 2011
 

Real estate sales in Vernon CT during November were typical of most of the year, holding steady at 14 homes sold.  However, this is just 2/3 of what was sold in November 2010 (22).
 
The median price also took a big hit this November over last November ($146,250 was the median price for November 2011 compared to a median price of $226,000 for November 2010).
 
 Here is the breakdown by price range:
 
 
If you are looking at a home in Vernon CT, there are currently 116 homes on the … (1 comments)

median price: Bloomfield CT Market Report for November 2011 - 12/11/11 08:07 AM
Bloomfield CT Market Report for November 2011


 
There were 13 homes sold in Bloomfield CT during November 2011.  This compared a bit unfavorably when compared to November 2010 which showed 17 homes sold, but 13 is the most number of homes sold in one month in Bloomfield CT since June.
 
The median price for November 2011 was up from last November ($192,500 for November 2011 vs. $180,000 for November 2010).  Here is a recap of homes sold and median price by month for 2011 so far:
 
 
If you are looking for a home in Bloomfield CT, … (6 comments)

median price: South Windsor CT Market Report for November 2011 - 12/07/11 02:21 PM
South Windsor CT Market Report for November 2011
 
The weather following our freak snowstorm on October 29 was wild and crazy, but the real estate market was pretty tame in South Windsor CT during November 2011.  There were 13 homes sold compared with 14 homes sold in November 2010.  The total homes sold per month were at the lowest since March 2011.
In November 2011, the median price was $240,000, compared with a median price of $281,950 in November 2010.  Here are the properties that sold in November 2011 in South Windsor CT.
   
 
On a brighter note, however, … (3 comments)

median price: East Hartford CT Market Report for November 2011 - 12/06/11 10:15 PM
East Hartford CT Market Report for November 2011
 
Much of central Connecticut was dark and cold the first week of November because of massive power outages from Storm Alfred, but the housing market in East Hartford was sizzling hot!  The number of closed sales in November 2011 was DOUBLE the number of closed sales in November 2010 (32 closed sales vs. 16 closed sales).
 
The median price also rose over last November, with this November being $147,750 and last November being $134,450.  Closed sales ranged from $22,000 for a two-bedroom, one-bath, 852 sq. ft. mobile home to $245,000 for a … (3 comments)

median price: Manchester CT Market Report for November 2011 - 12/06/11 12:26 PM
Manchester CT Market Report for November 2011
 

 
Considering that most of central Connecticut was out of commission the first week of November and we had a major holiday as well, the number of closed sales in Manchester CT was remarkable.  There were 30 closed sales compared to 18 closed sales for November 2010.  Quite a difference!
 
The median price for November 2011 was $152,500 compared to $189,950 for the prior November, so the median price is significantly lower.  I always caution that the median price is the midpoint of all the sales, so if a lot of … (2 comments)

median price: Vernon CT Market Report for October 2011 - 11/13/11 06:48 PM
Vernon CT Market Report for October 2011

 
October 2011 was a great month for Vernon CT real estate.  There were 16 closed sales with a median price of $171,750, compared with 12 closed sales with a median price of $155,000 in October 2010.  Both number of sales and median price increased this October over last.
 
In addition, days on market (DOM) decreased this October over last October (64 vs. 83) and list price to sale price ratio was virtually unchanged (97.05 in October 2011 vs. 97.15 in October 2010).
 
Here is the breakdown by price range:

 
(3 comments)

median price: South Windsor Market Report for October 2011 - 11/12/11 07:36 AM
South Windsor Market Report for October 2011

 
During October 2011, there were 14 closed sales in South Windsor CT with a median price of $275,000. There were 14 closed sales in October 2010, but the median price was $259,900.  So year over year comparison for October shows that sales were the same, but the median price rose.
 
Another interesting statistic is that while days on market (DOM) increased in October 2011 compared to October 2010 (64 vs. 33 in 2010), the sale price to list price ratio increased (97.4% iin October 2011 vs. 95.25% in October 2010).
 
Here … (0 comments)

median price: Bloomfield CT Market Report for September 2011 - 10/20/11 03:21 PM
Bloomfield CT Market Report for September 2011

 
The housing market in Bloomfield CT saw a downturn in closed sales both from the previous months and from the same time last year, but it saw an increase in median price.  In September 2011, there were 8 closed sales with a median price of $228,950 compared to September 2010, when there were 13 closed sales with a median price of $222,000.
 
Here is the breakdown by price range:
 
If you are looking for a home in Bloomfield CT, you will find plenty of opportunity for a great home at a … (1 comments)

median price: Vernon CT Market Report for September 2011 - 10/19/11 09:24 AM
Vernon CT Market Report for September 2011
Vernon CT, a thriving town of about 30,000 people, is conveniently located about midway between Hartford and UConn.  With easy access to I-84, Vernon's residents can enjoy suburbia, including outdoor recreational activities, and still be connected with nearby cities.  With many fine neighborhoods, condo complexes, and homes in all price ranges, Vernon offers plenty of opportunities for home ownership.
 
During September 2011, there were 12 closed sales with a median price of $161,500.  In September 2010, there were also 12 closed sales with a median price of $173,000.  Here is the breakdown by price range:
(2 comments)

median price: Bolton CT Market Report for September 2011 - 10/17/11 04:25 PM
Bolton CT Market Report for September 2011

 
What's going on in Bolton CT? Bolton is a small town with rural character; as a small town, there is usually not much activity in real estate sales in Bolton.  It's not uncommon to see two or three closed sales in a month.  But in September 2011, there were 9 closed sales, with a median price of $265,000; in September 2010, there were just 2 closed sales, with a median price of $216,750.
 
So what's is going on in Bolton?  Is word getting out that it's a great place to live? … (0 comments)

median price: Tolland CT Market Report for September 2011 - 10/12/11 05:26 PM
Tolland CT Market Report for September 2011
It was a stunning September for Tolland CT real estate.  Posting the highest month in 2011, September came in at 20 closed sales with a median price of $297,575.  This September also showed significant gains over last September, which had 10 closed sales with a median price of $234,000. 
 
Here is the breakdown by price range:
 
 
There are currently 105 homes on the market, ranging in price from $115,000 for a three-bedroom, 1.1 bath split level to a $1.3 million six-bedroom, five-bath colonial/cape with 4500 sq. ft.  The median price is $299,900.  Given the … (2 comments)