I have been reporting on market statistics for larger towns like Manchester, East Hartford, Vernon, and South Windsor. In comparison to those towns, Ellington's housing market may seem less active; however, the population of Ellington is about 15,000 (by recent estimates; the new census will provide more accurate information).
Another factor that seems to have influenced housing activity is the $8,000 first-time homebuyer credit. In markets that have lower-priced inventory, which most first-time buyers will find easier to qualify for, we saw that the tax credit made an impact. Ellington doesn't have as many homes in those price ranges, so it limits the numbers of buyers.
According to the town's website, Ellington is conveniently located 15 minutes from Hartford. Ellington, which was incorporated in 1786, has an agricultural heritage and still has 3,000 acres dedicated to agriculture, making it one of the largest production areas in the state. Ellington draws people to it for its rural nature, but there are plenty of suburban amenities, town services, housing, and space to attract people.
In October 2009, there were 11 closed sales with a median price of $340,000 compared with 12 closed sales and a median price of $252,500 in October 2008.
In November 2009, there were 10 closed sales with a median price of $266,500 compared with 11 closed sales and a median price of $294,000 in November 2008.
In December 2009, there were 10 closed sales with a median price of $369,425 compared with 8 closed sales and a median price of $290,450 in December 2008.
Here's the breakdown by price range:
|
Price Range |
Closed 12/2009 |
Closed 12/2008 |
Closed 11/2009 |
Closed 11/2008 |
Closed 10/2009 |
Closed 10/2008 |
|
|
|
|
|
|
|
|
|
Under $100,000 |
0 |
0 |
0 |
0 |
0 |
1 |
|
$100,000-$149,999 |
0 |
0 |
2 |
2 |
1 |
0 |
|
$150,000-$199,999 |
0 |
3 |
1 |
1 |
0 |
3 |
|
$200,000-$249,999 |
1 |
0 |
2 |
1 |
2 |
1 |
|
$250,000-$299,999 |
3 |
2 |
1 |
2 |
2 |
4 |
|
$300,000-$349,000 |
1 |
1 |
0 |
0 |
2 |
0 |
|
$350,000-$400,000 |
0 |
1 |
0 |
1 |
1 |
0 |
|
Over $400,000 |
5 |
1 |
4 |
4 |
3 |
3 |
|
|
|
|
|
|
|
|
|
TOTAL |
10 |
8 |
10 |
11 |
11 |
12 |
If you are interested in purchasing a home in Ellington, CT, there are currently 79 homes on the market including new construction. Of those, 45 are over $400,000 and 34 are under $400,000.
If you would like more information about homes in Ellington, CT, please contact me.
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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!
