East Hartford was clearly a success story in terms of closed sales for the months on October and November 2009. There is no mystery here. The first-time homebuyer credit definitely had an impact on sales, as the original deadline loomed. Also, East Hartford has many great neighborhoods, very moderate home prices, and good value. First-time homebuyers can get a lot for their money in East Hartford.
October 2009 closed sales numbered 39 compared to 23 in October 2008. The median price increased slightly to $166,000 in 2009 versus $165,000 in 2008.
November 2009 closed sales were 52 compared to 24 in November 2008. The median price was in November 2009 edged up slightly to $164,000 from $163,000 in November 2008.
|
|
October 2009 |
October 2008 |
November 2009 |
November 2008 |
|
|
|
|
|
|
|
Under $100,000 |
5 |
1 |
6 |
6 |
|
$100,000-149,999 |
9 |
5 |
13 |
5 |
|
$150,000-199,999 |
17 |
13 |
28 |
7 |
|
$200,000-249,999 |
6 |
4 |
3 |
5 |
|
$250,000-299,999 |
2 |
0 |
1 |
0 |
|
$300,000-349,000 |
0 |
0 |
1 |
1 |
|
$350,000-399,999 |
0 |
0 |
0 |
0 |
|
Over $400,000 |
0 |
0 |
0 |
0 |
|
|
|
|
|
|
|
Total |
39 |
23 |
52 |
24 |
|
|
|
|
|
|
With the extension of the first-time homebuyer tax credit, we can only hope that this trend continues.
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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!
great news your market is improving Peggy!
Sincerely,
Grace