The West Hartford market had a sluggish start and a very strong finish in 2009. There were 624 closed sales of houses recorded in the Multiple Listing Service for the year (down from 646 in 2008). One of the most encouraging numbers was the median Days on Market for these sales at 37 days. People in many other parts of the country would be amazed that half of the houses took contracts just over one month (or less) after their debut on the market!
For 2009, the median list price was $292,000 & the median sale price was $285,000. The range in sale prices for the year started at $72,500 and continued to $2,600,000; quite diverse housing stock in West Hartford!
With the usual caveats that averages result from the actual homes sold in a given year, the number of closed sales in 2009 is down 3.4% from the 2008 sales level. The median sales price is off 6.25% from 2008 to 2009.
Looking to the present, there are just 169 houses available to purchase as of today (an extremely low inventory for a town of over 60,000 residents). The prices range from a low of $107,500 for a 2-bedroom, 1-bath (1,050 sf) home at 688 Flatbush Avenue to a high of $2,295,000 for a 6-bedroom, 6.2 bath (7,012 sf) home at 51 Old Stone Crossing. The median-priced property is located at 42 Spring Lane (4-bedrooms, 1 1/2-baths & 2,076 sf), offered for $339,900.
Currently, there are 51 houses under contract in town. The highest-priced is Lot 7 at Cranbrook, with an asking price of $995,000 (4-bedrooms, 3.2-baths, 4,289 sf). The median is 1122 Trout Brook Drive, priced at $274,900 (4-bedrooms, 2 1/2-baths, 2,170 sf). The lowest-priced is 14 Saint James Street, priced at $159,900 (2-bedrooms, 1-bath, 965 sf).
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). 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!
Statistics based on MLS data obtained January 14, 2010.
The West Hartford market remained solid for the first nine months of 2009 (with less sales at the higher end of the spectrum). There were 456 closed sales of houses recorded in the Multiple Listing Service for the year through the end of September (down from 517 during the same timeframe in 2008). One of the most encouraging numbers was the median Days on Market for these sales at 35 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 2008 (27 days).
Given that there were only 130 closed sales in the final quarter of 2008 and we have already had 19 closed sales and have 117 homes under contract at this point, we should see a recovery in terms of the number of sales during this final quarter!!!
For 2009 sales, the median list price was $295,000 & the median sale price was $285,000. The range in sale prices for the year started at $106,600 and continued to $954,700; this range shows both great choice and affordability in town (it also shows that no one paid over $1M to live in West Hartford in the first nine months of the year; in contrast, the highest sale in 2008 was $2.441M).
The median sale in 2009 was 5 Miamis Road, selling in 41 days. The asking price was $289,000 and the buyer paid $285,000 for a 3-bedroom, 2 1/2 bath Ranch home with a 1-car garage.
Looking to the present, there are 229 houses available to purchase as of today (this inventory is down from a high this spring of over 300 homes and up only slightly from the low-200s in January). The prices range from a low of $84,900 for a 2-bedroom, 1-bath (908 sf) home at 89 Prospect 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 1079 Farmington Avenue (5-bedrooms, 2-baths & 1,724 sf), with an asking price of $359,900. Note that there are currently 4 homes in town priced below $150,000 and 13 priced over $1M.
Currently, there are 117 houses under contract in town. The highest-priced is 56 High Ridge, with an asking price of $1.1M (5-bedrooms, 5-baths, 6,774 sf). The median is 81 Brookmoor, priced at $269,900 (3-bedrooms, 1.1 baths, 1,400 sf). The lowest-priced is 109 Washington Circle, priced at $119,900 (3-bedrooms, 1-bath, 1,100 sf).
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!
Currently, there are 69 3-family homes on the market in New Britain, priced from $59,900 for 2,844 sf at 329 Broad Street to $299,900 for 3,960 sf at 106 Hayes Street. The median-priced property is 17 Day Street, offering 3,360 sf for $220,000.
There are 17 3-family homes under contract (MLS statistics on August 14). The asking prices range from $60,000 for 2,697 sf at 107 Pleasant Street to $295,000 for $,580 sf at 121 Farmington Avenue. The median-price property currently under contract is 12 Ward, with 3,048 sf and an asking price of $150,000.
With almost an 8-month supply of 3-family homes for sale in town, this is another buyers' market! If you own a 3-family with good cashflow, you may want to hold on until the market improves.
For the first half of 2008, there were 30 closed sales, with prices ranging from $42,000 to $286,000 (median price paid $200,000 & median days-on-market 66). For the same period of this year, there were only 17 closed sales reported. Prices paid in 2009 ranged from $43,000 to $180,000 (median price paid was $85,000 and median days-on market just 38).
For help in finding the best 3-family for your individual situation, contact Brent today!
If you want an approximate value of your 3-family home delivered to your email without any cost or obligation, visit www.MyHartfordAreaRealtor.com . Fill out as much detail as possible about your property. Brent will respond by email only (unless you request a phone call) with an estimate of the current value within 24 hours of your request!
Comparing the Glastonbury market median sales prices for the first half of 2009 ($320,000) to the corresponding period for 2008 ($392,300), the 18+% decrease is significant. This does not mean that everyone in town has lost 20% of the value of their houses; there are many indications that buyers in Glastonbury this year are choosing to be conservative, buying more modestly-priced properties. There are also more modestly-priced homes for sale in town.
If we look at the median sales, by price paid, we see that $320,000 in 2009 bought 119 Spring Street, a restored antique colonial with 2,100 sf, 8 rooms, 3 bedrooms and 2.1 baths on a .35 acre lot with a 2-car garage. The median sale price of $392,300 in 2008 bought 310 Eastbury Hill Road, a 2,144 sf colonial with 8 rooms, 4 bedrooms, and 2.1 baths on a .93 acre lot with a 2-car garage.
The number of houses closing decreased by about 14%, from 148 sales in 2008 to 127 sales in 2009 (based on Multiple Listing Service statistics as of August 13, 2009). For the successful sales in 2009, median days-on-market was just 43---(there were more well-priced homes than last year, when median days-on-market was 49)! The range in prices buyers paid to live in Glastonbury in 2009-- $101,500 to $982,000 was a bit narrower than the first half of 2008 ($165,000 to $1,7300,000).
Mid-way through August, there are 176 single-family homes available to purchase (compared to 133 at the end of January). The prices range from a low of $110,000 for a 3-bedroom, 1-bath ranch home at 1899 Chalker Hill to $5,999,000 for a 5 bedroom, 8.1 bath (12,872 sf) home at 392 Woodland Street. The median-priced property is located at 68 Falcon Lane: 6 bedrooms, 4.1 baths & 4,822 sf offered at $499,900.
Currently, there are 53 houses under contract in town. The highest-priced has an asking price of $1,195,000 and the lowest-priced is just $110,000. The median is 168 Kinne Road, priced at $338,876 (4 bedrooms, 2.1 baths, 2,349 sf, with a 2-car garage on a .92 acre lot).
With over 6 months inventory available and a median asking price of available properties $150,000 higher than the median price of properties under deposit, homes in Glastonbury priced over $400,000 may find the market for the balance of 2009 very challenging --- however, a challenge for sellers may mean some great opportunities for buyers in this price range!
For more information on the value of your home in this market, contact Brent today by cell (860-614-8927) or by email (brentbell@remax.net). 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.MyHartfordAreaRealtor.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!
Are you ready to update your home? Whether you need a few new accent pillows for the living room, a cabinet for your flatscreen, or an entirely new kitchen--- IKEA is worth a look...
As we look forward to the recession's end, the new catalog (prices good through June 30, 2010) features many items priced lower than last year. They also offer a few specially priced items each month.
We are lucky to have an IKEA in New Haven, just 40 minutes from the Hartford area (I-91 south to I-95 south to exit 46). This showroom is worth a visit (and is very family-friendly).
If you want to plan your office, bedroom or kitchen from the comfort of your own home/computer, take your room measurements and visit http://www.ikea.com/ms/en_US/rooms_ideas/splashplanners.html to download a free room planner! You can be your own interior designer...
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Coaching buyers, sellers & investors to Real Estate Success for 20 years! Choose an expert (CRS, e-Pro) to save your valuable time-RE/MAX agent in greater Hartford, CT! 860-614-8927
How to you decide which agent is right for you among the hundreds of licensees in Connecticut?
Despite all the changes in technology over the last 20 years, most people still ask a friend or relative with a recent positive real estate experience for a referral.
If I were looking for an agent, I would want someone with similar core values (honesty, ability to maintain confidentiality, sensitivity) who I feel comfortable with and trust.
I would want someone who takes the time to learn about me & my goals and care about me enough to give me honest, expert advice.
It would be critical that the Realtor use certain key skills and keep current with all the changes in this industry (expert active listener, strong negotiator, attention to detail, real estate expertise, marketing whiz, local & national market knowledge).
Although I have had 20 years to think about this, I am not you! You may have different "hot buttons" that are important to you in selecting an agent.
I invite you to interview me (in person or by telephone for relocating families). There is no cost or obligation on your part for this service. I am delighted to meet new prospective clients and look at our time together as an important part of being an ambassador for real estate, even if we do not decide to work together.
Unfortunately, too many of my clients have an unfortunate prior real estate experience with another agent because they were too busy or too stressed and chose the first agent they met.
I look forward to hearing from you!
Brent pursues education in his field. He attends national real estate conferences annually, keeping current with the newest technology, trends in negotiating & marketing, plus internet strategies. He has earned the prestigious Certified Residential Specialist (CRS) designation which has only been earned by 2% of agents nationwide. He also holds the GRI designation and served as the President of the Connecticut State CRS Chapter in 2007. Brent earned the e-Pro designation in 2008, in recognition of his expertise on the internet, where over 80% of buyers begin their homesearch.
Brent is the father of two young adults who attended West Hartford Public Schools (Morley, King Philip & Hall) and an enthusiastic soccer & basketball coach. An avid reader, Brent just finished Mindset which offers timely advice on the praise/self-esteem challenges of parenting & coaching, with important implications for achieving excellence in business and politics. He enjoys walking, tennis and gardening in his spare time. Habitat for Humanity and the Nature Conservancy are two of his favorite "causes."
Without promising a rose garden, you can count on Brent's 20 years of real estate experience in Hartford County to make your housing transition easier! Brent has helped dozens of first-time buyers, eased the stresses of relocation for many families, & coordinated the challenge of sale coupled with purchase of another home for move-up and move-to-one-story living clients.
Home sellers have enjoyed having Brent be a fierce protector of their equity, yielding strong buyer offers and often multiple offers for their properties.
Investors have turned to Brent over the years for help in purchasing and selling their 1-4 family investment properties. He will guide clients through both lease-writing and 1031 tax-deferred exchanges.
Visit Brent's website for more information: www.OurNextCThome.com
I could not imagine a more qualified or better agent than Brent Bell. He was professional, knowledgeable and helpful throughout the selling process. He went well beyond to make the process easy for us. His local neighborhood knowledge allowed him to more accurately leverage our home's unique characteristics and location, and established a realistic asking price much higher than any of the other four realtors we interviewed. He created a unique sales and marketing plan that generated buzz and quickly led to a high volume of "real" buyers. His plan landed multiple highly-qualified offers within four days of showing. I could not be more satisfied nor recommend anyone more highly. ---Neil A.
Brent is a caring agent that takes the time to listen to and understand his clients. My husband and I have bought and sold two homes in West Hartford with Brent. When showing us homes his picks were always right on and he did not waste our time showing us homes outside of our price range or those that did not meet our needs.
While selling our homes he helped us to stage and price them effectively resulting in quick sales of each home; our second in just 4 days!
Brent keeps us on track and in the loop with explanations of all paperwork, processes and decisions. We always felt informed and knowledgable.
We feel lucky to have worked with Brent and would whole-heartedly recommend him to friends and family.---Jessica R.
Thanks for all your help - you are always so prompt to respond and have good information. I would not hesitate to recommend your services to anyone who was purchasing a home in CT. ---Karen M.
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