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East Hampton, CT

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Preparing for the spring market here in East Hampton CT

02-12-12
Linda Edelwich
Linda Edelwich: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 818-3610 x146
  • Mobile: (860) 818-3610

As we prepare for the spring market here in East Hampton CT, I prepared a market analysis of the current market from Feb 2011 through Feb 2012.

If you are looking to sell or buy a home here in East Hampton CT, be sure to call me for up to the minute trends and inventory.

The Median Sales Price for East Hampton CT in January was $351,000, up 39.7% from $251,250 in January of 2011 and up 63.3% from $214,950 last month. The Average Sales Price in January was $332,180, up 20.9% from $274,733 in January of 2011 and up 42.4% from $233,217 last month. January 2012 ASP was at highest level compared to January of 2011 and 2010.

east hampton real estate market

This view of the East Hampton CT market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in January 2012 was 24, up 166.7% from 9 last month and up 84.6% from 13 in January of last year

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Market Trends of East Hampton CT

01-28-12
Jamie R. Bell, GRI Your Central CT Realtor
Jamie R. Bell, GRI Your Central CT Realtor: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 633-3661 x170
  • Mobile: (860) 604-8459

East Hampton is a mid-sized Central CT town with a population of approximately 13,000 residents. The town features one of Connecticut's largest inland bodies of water, Lake Pocotopaug and offers state parks and forests. Considering a move? Check out the real estate Market Trends for East Hampton CT.

Market Profile & Trends OverviewMonthLML3MPYMLYYTDPriorYTDPriorYear
Median List Price of all Current Listings $304,900 0% 9%
Average List Price of all Current Listings $331,145 -4% 2%
December Median Sales Price $214,950 -1% -1% -19% -17% $240,000 -7% -7%
December Average Sales Price $233,217 5% 4% -15% -16% $258,883 -6% -7%
Total Properties Currently for Sale (Inventory) 100 -9% -10%
December Number of Properties Sold 6 -50% 20% 109 -5%
December Average Days on Market (Solds) 113 17% 18% 43% 41% 95 20% 19%
Asking Price per Square Foot (based on New Listings) $170 13% 7% 11% 4% $161 -2% -1%
December Sold Price per Square Foot $142 -13% -1% -17% -5% $145 -3% -3%
December Month's Supply of Inventory 16.7 82% 25% -25% 4% 14.4 -10% -10%
December Sale Price vs List Price Ratio 95.9% 1.2% 0% 1% -1.1% 95.5% -1.5% -1.5%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Trends are for single family homes between $100,000 - 2,000,000

Property Sales

December Property sales were 6, up 20.0% from 5 in December of 2010 and -50.0% lower than the 12 sales last month. December 2011 sales were at their highest level compared to December of 2010 and 2009. December YTD sales of 109 are running -5.2% behind last year's year-to-date sales of 115.

Prices

The Median Sales Price in December was $214,950, down -18.9% from $265,000 in December of 2010 and down -1.2% from $217,500 last month. The Average Sales Price in December was $233,217, down -15.1% from $274,800 in December of 2010 and up 5.1% from $221,992 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009.

Inventory & MSI

The Total Inventory of Properties available for sale as of December was 100, down -9.1% from 110 last month and down -9.9% from 111 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2011 MSI of 16.7 months was at its lowest level compared with December of 2010 and 2009.

Market Time

The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 113, up 16.5% from 97 days last month and up 43.0% from 79 days in December of last year. The December 2011 DOM was at its highest level compared with December of 2010 and 2009.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The December 2011 Selling Price per Square Foot of $142 was down -13.4% from $164 last month and down -16.5% from $170 in December of last year.

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The December 2011 Selling Price vs Original List Price of 95.9% was up from 94.8% last month and up from 94.6% in December of last year.

Inventory / New Listings / Sales

'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2011 was 9, down -47.1% from 17 last month and equal to 9 in December of last year.

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East Hampton CT Market Trends

01-22-12
Linda Edelwich
Linda Edelwich: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 818-3610 x146
  • Mobile: (860) 818-3610
Market Profile & Trends OverviewMonthLML3MPYMLYYTDPriorYTDPriorYear
Median List Price of all Current Listings $299,450 2% 7%
Average List Price of all Current Listings $312,001 0% 2%
December Median Sales Price $214,950 2% 1% -13% -14% $235,000 -7% -7%
December Average Sales Price $233,217 11% 9% 0% -11% $244,423 -7% -7%
Total Properties Currently for Sale (Inventory) 100 -8% -7%
December Number of Properties Sold 6 -54% 0% 107 -11%
December Average Days on Market (Solds) 113 8% 12% 30% 33% 95 13% 12%
Asking Price per Square Foot (based on New Listings) $170 13% 6% 19% 6% $158 -1% -1%
December Sold Price per Square Foot $142 -11% 1% -4% -2% $144 -1% -1%
December Month's Supply of Inventory 16.7 99% 28% -7% 14% 14.7 1% 1%
December Sale Price vs List Price Ratio 95.9% 1.2% 0% 3% -0.8% 95.5% -1.2% -1.2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales

December Property sales were 6, equal to 6 in December of 2010 and -53.8% lower than the 13 sales last month. December 2011 sales were at a mid level compared to December of 2010 and 2009. December YTD sales of 107 are running -10.8% behind last year's year-to-date sales of 120.

Prices

The Median Sales Price in December was $214,950, down -13.2% from $247,500 in December of 2010 and up 2.4% from $210,000 last month. The Average Sales Price in December was $233,217, down -0.3% from $234,000 in December of 2010 and up 10.7% from $210,650 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009.

Inventory & MSI

The Total Inventory of Properties available for sale as of December was 100, down -8.3% from 109 last month and down -7.4% from 108 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2011 MSI of 16.7 months was at its lowest level compared with December of 2010 and 2009.

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 113, up 7.6% from 105 days last month and up 29.9% from 87 days in December of last year. The December 2011 DOM was at its highest level compared with December of 2010 and 2009.

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The December 2011 Selling Price per Square Foot of $142 was down -11.3% from $160 last month and down -4.1% from $148 in December of last year.

Selling Price vs Original Listing Price

The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The December 2011 Selling Price vs Original List Price of 95.9% was up from 94.8% last month and up from 93.2% in December of last year.

Inventory / New Listings / Sales

'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2011 was 9, down -47.1% from 17 last month and down -10.0% from 10 in December of last year.
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Weather outside is COLD..why not enjoy swimming year round here!!

01-21-12
Linda Edelwich
Linda Edelwich: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 818-3610 x146
  • Mobile: (860) 818-3610
Single Family Home for sale in East Hampton, CT


Overview
Maps
Photos
Video
Neighborhood
$389,900
Single Family Home
Main Features
4 Bedrooms
2 Bathrooms
1 Partial Bathroom
Interior: 2,864 sqft
Lot: 01 sqft
Location
26 Chatham Fields Road
East Hampton, CT 06424
USA

To get updates on open home dates and other property events, please click the "Like" button below:
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 linda edelwich

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Listed by: Linda Edelwich, Coldwell Banker
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Snow may be on our heels...but you will still be swimming....

12-30-11
Linda Edelwich
Linda Edelwich: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 818-3610 x146
  • Mobile: (860) 818-3610
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Linda Edelwich
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many improvements to the home during their ownership. Most notable is the 24x24â?? addition to the back of the home that features an amazing indoor lap pool. It is so much more than a lap-pool however, it is a premium Endless Pool swimming machine



This home is in true move in condition - just turn the key...this expansive 3000sf+ Colonial is situated ideally in a cul-de-sac setting..location, location, location



The house features, hardwood floors, eat in kitchen, large dining room with chair rail and crown molding and an open living room family area with fireplace. The floor plan is open and has an easy flow from room to room



Enjoy year-round swimming, beautiful sunset views, and wide-open space for enjoying your favorite outdoor activities





Gorgeous fireplaced family room













Premium Endless Pool swimming machine..perfect for the triathlete or anyone needing aquatherapy to maintain good health, but also good for the entire family. This was a $100,000+ project











master bedroom with crown molding, recently added solid wood floors, a private bathroom with crown molding, and a walk in closet - $5,000 in recently added solid wood floors















ently added $15k patio provides ample space for sitting and the fire-pit will sure to be a hit with everyone
Description
This home has been lovingly maintained by its present owners. They have made many improvements to the home during their ownership. Most notable is the 24x24’ addition to the back of the home that features an amazing indoor lap pool. It is so much more than a lap-pool however, it is a premium Endless Pool swimming machine..perfect for the triathlete or anyone needing aquatherapy to maintain good health, but also good for the entire family. Kids love the pool and love to snorkel or float around with a mild current setting - best of all, they can play here all year round! While the winter snow is piling up outside, you could be enjoying pool fun and exercise as you are warmed by the pellet stove.


The house features, hardwood floors, eat in kitchen, large dining room with chair rail and crown molding and an open living room family area with fireplace. The floor plan is open and has an easy flow from room to room. The upstairs has a master bedroom with crown molding, recently added solid wood floors, a private bathroom with crown molding, and a walk in closet. The other 3 bedrooms are serviced by a family bathroom and the laundry is located on the second floor as well. The attic had additional blown-in insulation added in 2008 and has pull-down stairs.

The lower level is ready for further expansion but is currently used as a play area and is suitable in size for various large table games, such as table tennis. The large open back yard is perfect for outdoor fun! The owners have added a paver stone patio with built in fire-pit. This is the "fun" house!!


Features
Bedrooms: 4
Bathrooms: 2.1
Subdivision: CHATHAM FIELDS
Lot Size: .92
Garage Size: 2
School District: Center
Square Footage: 2868
Agent Name: Linda Edelwich
Broker: Coldwell Banker
MLS #: G593975

Location
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