July 2015 West Hartford Market Report

July 2015
MARKET ACTION REPORT

Sean Page
Sales Associate
860-966-6761
www.seanpage.com
sean.page@cbmoves.com
City: W Hartford
Price Range: $0 to $999,999,000 | Properties: Single Family Home
Trending Versus*:
Market Profile & Trends Overview

Median List Price of all Current Listings
Average List Price of all Current Listings
July Median Sales Price
July Average Sales Price
Total Properties Currently for Sale (Inventory)
July Number of Properties Sold
July Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
July Sold Price per Square Foot
July Month's Supply of Inventory
July Sale Price vs List Price Ratio
Month
LM
$359,900
0%
$438,154
-1%
$305,000
-7%
$340,905
-9%
395
9%
97
-2%
41
3%
$179
2%
$169
-1%
4.1
11%
96.7% -1.2%
L3M PYM
-1%
-3%
-9%
1%
0%
-7%
0%
Trending Versus*:
LY
12%
2%
-9%
4%
-10%
0%
23%
-1%
5% -23%
4%
4%
-3%
2%
25% -20%
-2% -0.1%
YTD
PriorYTD
PriorYear
$300,000
$336,827
-2%
-4%
2%
-2%
400
50
$173
$164
5.3
96.9%
1%
-4%
-1%
-2%
0%
-0.5%
-6%
1%
-1%
5%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales
July Property sales were 97, down -1.0% from 98 in July of 2014 and -2.0% lower than the 99 sales last month. July 2015 sales were at a mid level compared
to July of 2014 and 2013. July YTD sales of 400 are running 1.0% ahead of last year's year-to-date sales of 396.
Prices
The Median Sales Price in July was $305,000, down -9.1% from $335,500 in July of 2014 and down -7.0% from $328,000 last month. The Average Sales Price
in July was $340,905, down -9.7% from $377,572 in July of 2014 and down -9.3% from $375,956 last month. July 2015 ASP was at the lowest level compared
to July of 2014 and 2013.
2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the
Equal Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered
service marks owned by Coldwell Banker Real Estate LLC.
Based on information from Connecticut Multiple Listing Service, Inc. for the period 8/1/2012 through 7/31/2015. Due to MLS reporting methods and allowable reporting
policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy.
Data maintained by the MLS's may not reflect all real estate activity in the market.
July 2015

Sean Page
Sales Associate
860-966-6761
www.seanpage.com
City: W Hartford
Inventory & MSI

The Total Inventory of Properties available for sale as of July was 395, up 8.8% from 363 last month and up 23.4% from 320 in July of last year. July 2015
Inventory was at highest level compared to July of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2015 MSI of 4.1 months was at its highest level
compared with July of 2014 and 2013.
Market Time
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a
move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 41, up 2.5% from 40 days last
month and up 5.1% from 39 days in July of last year. The July 2015 DOM was at its highest level compared with July of 2014 and 2013.
Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted
by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values.
The July 2015 Selling Price per Square Foot of $169 was down -0.6% from $170 last month and down -2.9% from $174 in July of last year.
July 2015

Sean Page
Sales Associate
860-966-6761
www.seanpage.com
City: W Hartford
Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%
the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The July 2015 Selling Price vs List Price of 96.7% was down
from 97.9% last month and down from 98.8% in July of last year.
Inventory / New Listings / Sales

'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual
seasonality of the market as well as the relationship between these items. The number of New Listings in July 2015 was 105, down -28.6% from 147 last
month and down -8.7% from 115 in July of last year.
July 2015

Sean Page
Sales Associate
860-966-6761
www.seanpage.com
City: W Hartford
A 12
76
Homes Sold
3 Mo. Roll Avg
(000's)
S
41
O
37
51
N
48
42
D J 13
51 47
45 49
F
27
42
M
39
38
A
61
42
M
J
68 111
56 80
J
89
89
A
88
96
S
54
77
O
51
64
N
52
52
D J 14
55 35
53 47
F
33
41
M
36
35
A
41
37
M
54
44
J
99
65
J
98
84
A
82
93
S
56
79
O
58
65
N
42
52
D J 15
53 28
51 41
F
36
39
M
34
33
A
44
38
M
62
47
J
99
68
J
97
86
MedianSalePrice
3 Mo. Roll Avg
A 12
S
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
327 259 292 304 280 281 303 295 310 305 330 300 328 290 297 338 270 285 260 262 290 295 325 336 327 277 265 290 280 262 250 292 304 299 328 305
292 285 292 288 288 293 303 303 315 312 319 306 305 308 302 298 272 269 271 282 303 318 329 313 290 277 278 277 264 268 282 298 310 311
Inventory
MSI
A 12
S
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
251 266 264 244 199 202 201 207 243 262 243 245 256 264 247 233 191 200 187 234 294 310 313 320 297 299 286 261 186 189 176 223 258 335 363 395
3
6
7
5
4
4
7
5
4
4
2
3
3
5
5
4
3
6
6
7
7
6
3
3
4
5
5
6
4
7
5
7
6
5
4
4
Days On Market
3 Mo. Roll Avg
A 12
45
O
30
41
N
57
45
D J 13
71 76
53 68
F
54
67
M
57
62
A
69
60
M
33
53
J
45
49
J
40
39
A
40
42
S
63
48
O
40
48
N
69
57
D J 14
65 57
58 64
F
84
69
M
69
70
A
58
70
M
38
55
J
53
50
J
39
43
A
51
48
S
47
46
O
50
49
N
41
46
D J 15
73 60
55 58
F
80
71
M
58
66
A
54
64
M
50
54
J
40
48
J
41
44
A 12
S
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
170 162 163 163 163 151 160 160 164 165 173 172 171 170 162 168 159 163 165 153 149 170 172 174 173 160 165 157 156 149 146 159 162 170 170 169
165 163 163 159 158 157 161 163 167 170 172 171 168 167 163 163 162 160 156 157 164 172 173 169 166 161 159 154 150 151 156 164 167 170
Price per Sq Ft
3 Mo. Roll Avg
A 12
Sale to List Price
3 Mo. Roll Avg
D J 13
D J 14
D J 15
0.975 0.968 0.974 0.970 0.959 0.977 0.972 0.965 0.970 0.980 0.981 0.978 0.975 0.968 0.964 0.975 0.963 0.971 0.965 0.956 0.971 0.989 0.981 0.988 0.964 0.963 0.962 0.972 0.959 0.960 0.960 0.968 0.982 0.972 0.979 0.967
0.972 0.971 0.968 0.969 0.969 0.971 0.969 0.972 0.977 0.980 0.978 0.974 0.969 0.969 0.967 0.970 0.966 0.964 0.964 0.972 0.980 0.986 0.978 0.972 0.963 0.966 0.964 0.964 0.960 0.963 0.970 0.974 0.978 0.973
A 12
S
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
69 107 74 46 31 72 66 107 149 131 90 104 81 90 89 50 32 61 50 120 154 149 115 115 73 104 100 58 26 78 47 132 147 189 147 105
251 266 264 244 199 202 201 207 243 262 243 245 256 264 247 233 191 200 187 234 294 310 313 320 297 299 286 261 186 189 176 223 258 335 363 395
76 41 37 48 51 47 27 39 61 68 111 89 88 54 51 52 55 35 33 36 41 54 99 98 82 56 58 42 53 28 36 34 44 62 99 97
New Listings
Inventory
Sales
(000's)
Avg Sale Price

3 Mo. Roll Avg
S
48
A 12
S
O
N
D J 13
F M
A M
J
J
A
S
O
N
D J 14
F M
A M
J
J
A
S
O
N
D J 15
F M
A M
J
J
359 319 321 317 338 294 317 324 317 325 369 356 344 340 315 383 315 375 308 281 325 352 363 378 391 326 310 303 321 284 257 329 312 360 376 341
333 319 325 316 316 312 319 322 337 350 356 347 333 346 338 358 333 322 305 319 347 364 377 365 343 313 311 303 288 290 299 334 349 359
2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Coldwell Banker Residential
Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC.
Based on information from Connecticut Multiple Listing Service, Inc. for the period 8/1/2012 through 7/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be
completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.

July 2015 West Hartford Market Report

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

July 2015 West Hartford Market Report

Uploaded by

Copyright:

Available Formats

July 2015

MARKET ACTION REPORT

Market Profile & Trends Overview

MARKET ACTION REPORT

Inventory & MSI

Selling Price per Square Foot

MARKET ACTION REPORT

Selling Price vs Listing Price

Inventory / New Listings / Sales

MARKET ACTION REPORT

Avg Sale Price

You might also like