April West Hartford Market Report

April 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
April Median Sales Price
April Average Sales Price
Total Properties Currently for Sale (Inventory)
April Number of Properties Sold
April Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
April Sold Price per Square Foot
April Month's Supply of Inventory
April Sale Price vs List Price Ratio
Month
LM
$349,900
$440,678
$308,500
$321,361
338
41
57
$180
$161
8.2
98.2%
1%
-3%
5%
-3%
39%
24%
2%
6%
2%
12%
2.6%
L3M PYM
12%
7%
-10%
5%
5%
21%
2%
4%
-3%
6%
-1%
15%
0%
-2%
2%
8%
15%
1%
Trending Versus*:
LY
YTD
PriorYTD
PriorYear
5%
-6%
$276,500
$299,164
1%
-7%
-6%
-13%
8%
5%
-2%
62%
1.4%
138
63
$172
$154
6.8
96.5%
-5%
-5%
-1%
-2%
9%
-0.1%
19%
0%
-7%
34%
-0.4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales
April Property sales were 41, equal to 41 in April of 2014 and 24.2% higher than the 33 sales last month. April 2015 sales were at their lowest level compared
to April of 2014 and 2013. April YTD sales of 138 are running -4.8% behind last year's year-to-date sales of 145.
Prices
The Median Sales Price in April was $308,500, up 6.4% from $290,000 in April of 2014 and up 5.1% from $293,400 last month. The Average Sales Price in
April was $321,361, down -1.2% from $325,171 in April of 2014 and down -2.6% from $330,035 last month. April 2015 ASP was at a mid range compared to
April 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 5/1/2012 through 4/30/2015. 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.
April 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 April was 338, up 39.1% from 243 last month and up 15.0% from 294 in April of last year. April
2015 Inventory was at highest level compared to April of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2015 MSI of 8.2 months was at its highest level
compared with April 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 April was 57, up 1.8% from 56 days last
month and down -1.7% from 58 days in April of last year. The April 2015 DOM was at its lowest level compared with April 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 April 2015 Selling Price per Square Foot of $161 was up 1.9% from $158 last month and up 8.1% from $149 in April of last year.
April 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 April 2015 Selling Price vs List Price of 98.2% was up
from 95.7% last month and up from 97.1% in April 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 April 2015 was 148, up 12.1% from 132 last month
and down -3.9% from 154 in April of last year.
April 2015

Sean Page
Sales Associate
860-966-6761
www.seanpage.com
City: W Hartford
M 12
70
Homes Sold
3 Mo. Roll Avg
J
90
J
78
79
A
76
81
S
41
65
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
53
43
J
99
64
J
98
83
A
82
93
S
56
79
O
58
65
N
42
52
D J 15
53 28
51 41
F
36
39
M
33
32
A
41
37
(000's) M
MedianSalePrice
3 Mo. Roll Avg
12
J
J
A
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
323 314 305 327 259 292 304 280 281 303 295 310 305 330 300 328 290 297 338 270 285 260 262 290 298 325 336 327 277 265 290 280 262 250 293 309
314 315 297 292 285 292 288 288 293 303 303 315 312 319 306 305 308 302 298 272 269 271 283 304 319 329 313 290 277 278 277 264 268 284
M 12
J
J
A
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
252 245 245 251 266 264 244 199 202 201 207 243 262 243 245 256 264 247 233 191 200 187 234 294 310 313 320 297 299 286 261 186 190 177 243 338
4
3
3
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
8
Inventory
MSI
Days On Market
3 Mo. Roll Avg
M 12
61
J
47
58
A
45
53
S
48
47
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
M 12
Sale to List Price
3 Mo. Roll Avg
M
56
65
A
57
64
D J 13
D J 14
D J 15
0.971 0.969 0.969 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 0.993 0.981 0.988 0.964 0.963 0.962 0.972 0.959 0.960 0.960 0.957 0.982
0.970 0.971 0.971 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 0.973 0.982 0.987 0.978 0.972 0.963 0.966 0.964 0.964 0.960 0.959 0.966
M 12
J
J
A
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
113 86 83 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 47 132 148
252 245 245 251 266 264 244 199 202 201 207 243 262 243 245 256 264 247 233 191 200 187 234 294 310 313 320 297 299 286 261 186 190 177 243 338
70 90 78 76 41 37 48 51 47 27 39 61 68 111 89 88 54 51 52 55 35 33 36 41 53 99 98 82 56 58 42 53 28 36 33 41
(000's) M
Avg Sale Price

3 Mo. Roll Avg
F
80
71
M 12
J
J
A
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
168 171 168 170 162 163 163 163 151 160 160 164 165 173 172 171 170 162 168 159 163 165 153 149 171 172 174 173 160 165 157 156 149 146 158 161
169 170 167 165 163 163 159 158 157 161 163 167 170 172 171 168 167 163 163 162 160 156 158 164 172 173 169 166 161 159 154 150 151 155
Price per Sq Ft
3 Mo. Roll Avg
New Listings
Inventory
Sales
J
66
12
J
J
A
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
372 358 349 359 319 321 317 338 294 317 324 317 325 369 356 344 340 315 383 315 375 308 281 325 355 363 378 391 326 310 303 321 284 257 330 321
360 356 342 333 319 325 316 316 312 319 322 337 350 356 347 333 346 338 358 333 322 305 320 348 365 377 365 343 313 311 303 288 290 303
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 5/1/2012 through 4/30/2015. 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.

April West Hartford Market Report

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April West Hartford Market Report

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April 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

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