East Hartford CT Market Report for September 2011
East Hartford posted gains in both number of closed sales and median price in September 2011 compared to the prior month. In September, there were 34 closed sales with a median price of $136,750, compared to 31 closed sales with a median price of $125,900 in August.
When we look at the same month last year, the number of closed sales was up this year, but the median price was down slightly. In September 2010, there were 25 closed sales (compared to 34 this year) and a median price of $140,000 (compared to $136,750 this year). Here is the breakdown by price range:
| Price Range | September 2011 | September 2010 |
| Under $100,000 | 6 | 3 |
| $100,000-$149,999 | 13 | 10 |
| $149,999-$199,999 | 12 | 8 |
| $200,000-$249,999 | 3 | 3 |
| $250,000-$299,999 | - | 1 |
| $300,000-$349,999 | - | - |
| $350,000-$399,999 | - | - |
| Over $400,000 | - | - |
| Total | 34 | 25 |
While the number of closed sales has shown a gradual rise, the median price has taken a hit (although it rose this month over last). Here is a recap of the activity for each month this year so far:
| Month | # of Closed Sales | Median Price |
| September | 34 | $136,750 |
| August | 31 | $125,900 |
| July | 25 | $160,000 |
| June | 23 | $145,000 |
| May | 25 | $152,000 |
| April | 23 | $162,500 |
| March | 27 | $149,000 |
| February | 14 | $134,000 |
| January | 18 | $127,500 |
What is the really interesting statistic about the East Hartford housing market, however, is the huge number of pending sales. There are 34 homes under contract and 34 homes under deposit. With numbers like these, we can expect the number of closed sales to remain at good levels.
There are also 278 homes currently on the market, ranging in price from $12,900 for a two bedroom, 1 bath mobile home to $309,900 for a four bedroom, 3 bath colonial. The median price is $154,900.
East Hartford has some amazing values on the market right now, and buyers will get a lot for their money. If you want to see what is on the market in East Hartford, you can change the search criteria to match your needs and see the listings. Contact me if you would like help with your search!
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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.
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Peggy thinks are really looking positive up your way. This is the kind of news I like to read in a Market Report.