East Hartford CT Market Report for October 2011
In comparing October 2011 with October 2010, East Hartford real estate sales and median price were down this year over last. In October 2011, there were 23 closed sales with a median price of $134,900 compared with 26 closed sales and a median price of $144,750 in October 2010.
In addition, days on market (DOM) were up this year (77 in 2011 and 45 in 2010), but sale price to list price ratio is virtually unchanged (96.7 in 2011 vs. 96.9 in 2010).
Here is the breakdown by price range:
| Price Range | October 2011 | October 2010 |
| Under $100,000 | 6 | 5 |
| $100,000-$149,999 | 10 | 10 |
| $149,999-$199,999 | 6 | 10 |
| $200,000-$249,999 | 1 | 1 |
| $250,000-$299,999 | - | - |
| $300,000-$349,999 | - | - |
| $350,000-$399,999 | - | - |
| Over $400,000 | - | - |
| Total | 23 | 26 |
Although closed sales were down in October 2011 compared with the few months prior, the number of pending sales continues to rise. We saw 68 pending sales in September, but in October 2011 there were 80 pending sales (37 under contract and 43 under deposit). It will be interesting to see how many of these pending sales close in November.
Here is a recap of the year in East Hartford, CT:
| Month | # of Closed Sales | Median Price |
| October | 23 | $134,900 |
| 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 |
In addition, the number of houses on the market in East Hartford CT is down from the prior month (278 in September and 247 as of this date). With 247 homes on the market and a median price of $154,900, East Hartford CT has plenty of homes at very attractive prices. Homes on the market range from $15,000 for a two-bedroom, one-bath mobile home to $299,900 for a four-bedroom, two-bath ranch.
If you are interested in finding a home in East Hartford, you can search for properties by entering your search criteria. Please give me a call if you see something that interests you or if you would like help finding the house of your dreams in East Hartford, CT.
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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!
Peggy things are going in the wrong direction in East Hartford, but they are still fairly close to last year.
Good morning Peggy.
I am looking at those prices and see great opportunities for investors...
Hi George - There are quite a few pending sales though so let's hope things brighten.
Hi Joshua - You're right--plenty of opportunities for investors and other buyers too!
Great post! One of the best things about Activerain community is learning about other areas and professionals like you. Thank you for taking the time and sharing this information.