Vernon CT Market Report for September 2011
Vernon CT, a thriving town of about 30,000 people, is conveniently located about midway between Hartford and UConn. With easy access to I-84, Vernon's residents can enjoy suburbia, including outdoor recreational activities, and still be connected with nearby cities. With many fine neighborhoods, condo complexes, and homes in all price ranges, Vernon offers plenty of opportunities for home ownership.
During September 2011, there were 12 closed sales with a median price of $161,500. In September 2010, there were also 12 closed sales with a median price of $173,000. Here is the breakdown by price range:
| Price Range | September 2011 | September 2010 |
| Under $100,000 | 2 | 3 |
| $100,000-$149,999 | 4 | 1 |
| $149,999-$199,999 | 4 | 4 |
| $200,000-$249,999 | 1 | - |
| $250,000-$299,999 | 1 | 3 |
| $300,000-$349,999 | - | - |
| $350,000-$399,999 | - | - |
| Over $400,000 | - | 1 |
| Total | 12 | 12 |
When we look at the number of closed sales over the past months of 2011, the number of closed sales has been fairly consistent, centering around 12, but the median price has been all over the board. Here is the recap of the year:
| Month | # of Closed Sales | Median Price |
| September | 12 | $161,500 |
| August | 14 | $205,250 |
| July | 12 | $210,000 |
| June | 18 | $138,750 |
| May | 14 | $177,500 |
| April | 5 | $155,000 |
| March | 7 | $206,000 |
| February | 13 | $140,000 |
| January | 11 | $196,500 |
When numbers don't seem to follow any trend, it is helpful to take a look at the time period for the entire year. If we look at the entire year to date, there were a total of 106 closed sales, with a median price of $177,500. If we look at the same period last year, we can see that there were 123 closed sales, with a median price of $195,000. So both the number of sales and the median price are down.
On the bright side, however, there are 16 houses under contract and 23 houses under deposit. so Vernon will probably remain consistent in the number of sales over the next couple of months.
If you are looking for a home in Vernon, there are currently 144 homes on the market, with a median price of $209,400. If you want a peek at what is available in Vernon in your price range, enter your criteria in the search box below and call me if you see something that interests you!
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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 post and data! Good luck and best wishes for continued success.
Thank, Lori!