East Hartford CT Market Report ~ July 2011

By
Real Estate Agent with Prudential CT Realty
http://actvra.in/gFB

East Hartford CT Market Report ~ July 2011

Homes for sale in East Hartford CT

 

The East Hartford CT real estate market was a busy one in July 2011.  There were 25 closed sales with a median price of $160,000.  This compared favorably to July 2010, which showed 22 closed sales and a median price of $149,000.  So the number of sales is up and so is the median price. 

 

Here is the breakdown by price range:

Price Range July 2011 July 2010
Under $100,000 3 2
$100,000-$149,999 9 9
$149,999-$199,999 7 6
$200,000-$249,999 6 4
$250,000-$299,999 - 1
$300,000-$349,999 - -
$350,000-$399,999 - -
Over $400,000 - -
Total 25 22

 

It has also been fairly steady for the past four months.  Here's how July compared to June, May, and April:

  • July:  25 closed sales, median price $160,000
  • June: 23 closed sales, median price $145,000
  • May:  25 closed sales, median price $152,000
  • April:  23 closed sales, median price $162,000

But perhaps the most exciting news is that there are 38 homes under contract and 44 homes under deposit for a total of 82 homes! With these numbers, East Hartford should continue its momentum over the next few months. 

If you are looking for a house in East Hartford CT, there are currently 282 on the market with a median price of $155,500.  With that many homes in affordable ranges, there is sure to be one that is perfect for you.  Buyers have plenty of opportunities in East Hartford, CT.

If you are selling your home in East Hartford, CT, it may take a little longer to sell your home unless it is in top condition and priced very competitively.  Under those circumstances, homes are moving quickly, but with so many homes on the market, buyers are being very choosy.  The current absorption rate (how many months of inventory there is) is 14.56.  If you are thinking about putting your home on the market, call me and I will be glad to offer suggestions for selling as quickly as possible.

 

 

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Peggy Chirico

 

 

Peggy Chirico, REALTOR®
Serving the Greater Hartford Area
Prudential CT Realty
peggychirico@gmail.com

860-748-8900

If you are buying or selling a home in Hartford County or Tolland County, please call me, email me, or visit my website.  I would be happy to help you with your home search or provide a market analysis for your home.

Find your dream home now!

                                                                       

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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut - Middletown, CT
Your Connecticut Mortgage Expert

Peggy that is encouraging news, especially since East Hartford has very affordable housing.

Aug 12, 2011 02:58 PM #1
Rainmaker
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Barbara Altieri
RealtyQuest, Fairfield and New Haven County CT Real Estate - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Peggy -- That's an awesome report for East Hartford. August should be through the roof!  Buyers better get on board and start contacting you to pick out their next home!

Aug 14, 2011 06:25 PM #2
Rainer
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Peggy Chirico
Prudential CT Realty - Manchester, CT
REALTOR® 860-748-8900, Hartford & Tolland County Real Estate

Hi George - It's amazing how much house your money can buy in East Hartford!

Hi Ba rbara - I am hoping August numbers will be amazing too! And I hope the buyers do contact me! Thanks.

 

Aug 15, 2011 08:45 AM #3
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Rainer
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Peggy Chirico

REALTOR® 860-748-8900, Hartford & Tolland County Real Estate
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