West Hartford Market Retains Value!
The West Hartford market was steady for the first half of 2011 in terms of prices holding relatively steady. However, with the expiration of the 2010 tax incentive program, the number of transactions was well below the 336 closed in the first half of 2010--there were 251 closed sales of houses recorded in the Multiple Listing Service for the year through the end of June (this 251 figure is consistent with 254 closed sales for the same period of 2009--before the special buyer‘s tax program was in effect). Another encouraging statistic was the median Days on Market for these 2011 sales at 33 days. This shows that well-priced properties are still selling quickly (and in multiple offers). The Days on Market is a week longer than in 2010 (27 days). For 2011 sales, the median list price was $319,000 & the median sale price was $305,000. The range in sale prices for the year started at $45,000 and continued to $2,725,000; this range shows both great choice and affordability in town (for the first half of 2011, there have been 5 sales above $1 million and 31 below $200,000). The median sale in 2011 was 32 Tunxis Road, selling in 37 days. The asking price was $322,000, reduced by the seller to $310,000 and the buyer paid $305,000 for a 3-bedroom, 1 1/2 bath Colonial home with a 1-car garage & a remodeled kitchen. Looking to the present, there are 284 houses available to purchase as of today (this inventory is up slightly from 270 homes for sale in July of 2009. The prices range from a low of $132,500 for a 3-bedroom, 1 1/2-bath (1,071 sf) home at 101 Hillcrest Avenue to a high of $2,900,000 for a 7-bedroom, 7.4 bath (8,624 sf) home at 74 Whetten Road. The median-priced property is located at 228 Ridgewood Road (3-bedrooms, 1 1/2-baths & 1,424 sf), with an asking price of $319,900. Note that there are currently 29 homes in town priced below $200,000 and 12 priced over $1M. Currently, there are 116 houses under contract in town. The highest-priced is 99 Norwood, with an asking price of $1,298,000 (6-bedrooms, 3.3-baths, 6,500 sf). The median is 14 Montclair, priced at $359,000 (4-bedrooms, 1 1/2 baths, 2,138 sf). The lowest-priced is 892 Flatbush, priced at $108,000 (2-bedrooms, 1-bath, 1,056 sf). For more information on the value of your home in this market, contact Brent today by cell (860-614-8927) or email ( If you want the approximate value of your home, and are not ready to be contacted by an agent, visit
