The West Hartford market was helped by the tax credits for the first half of 2010! There were 327 closed sales of houses recorded in the Multiple Listing Service for the year through the end of June (up 28% from 254 during the same timeframe in 2009 & up from 283--2 years ago). Another encouraging statistic was the median Days on Market for these sales at 29 days. This shows that well-priced properties are still selling quickly (and in multiple offers). The Days on Market is 5 days less than in 2009 (34 days).
For 2010 sales, the median list price was $299,999 & the median sale price was $292,500. The range in sale prices for the year started at $67,000 and continued to $1,340,000; this range shows both great choice and affordability in town (it also shows progress since in the first half of 2009 no one paid over $1M to purchase a home in town; in contrast, the highest sale in 2008 was $2.441M).
The median sale in 2010 was 14 Hamlin Drive, selling in only 7 days. The asking price was $299,900 and the buyer paid $292,500 for a 3-bedroom, 2 bath Split-level home with a 2-car garage.
Looking to the present, there are 249 houses available to purchase as of today (this inventory is down slightly from 270 in 2009). The prices range from a low of $155,000 for a 3-bedroom, 1-bath (976 sf) home at 58 Jackson Avenue to a high of $4,800,000 for a 9-bedroom, 6 1/2 bath (13,132 sf) home at 112 Stoner Drive. The median-priced property is located at 19 Fernridge Road (3-bedrooms, 1 1/2-baths & 1,380 sf), with an asking price of $335,000. Note that there are currently 4 homes in town priced below $175,000 and 11 priced over $1M.
Currently, there are 97 houses under contract in town. The highest-priced is 46 Old Stone Crossing, with an asking price of $2,150,000 (6-bedrooms, 6.2-baths, 8,000 sf). The median is 80 Thomson, priced at $299,900 (3-bedrooms, 2 baths, 1,589 sf). The lowest-priced is 12 Kingston, priced at $65,000 (2-bedrooms, 1-bath, 652 sf).
Remember: Members of the military on active duty still have July to use their tax credit!!!
For more information on the value of your home in this market, contact Brent today by cell (860-614-8927) or email (brentbell@remax.net). Ask a real estate expert with 20 years of local experience. You can find this blog directly by visiting www.MyCTRealEstateBlog.com.
If you want the approximate value of your home, and are not ready to be contacted by an agent, visit www.WestHartfordHomeValues.com. Fill out as much detail as possible about your house. Brent will respond by email only (unless you request a phone call) with an estimate of your home's current value within 24 hours of your request!