By David Sinish
Freddie Mac has recently produced their Quarterly House Price Index.
For the entire State of Connecticut, they report that house prices have increased from 6/1/2015 to 6/1/2016 by .8 percent. The prices are still 19.5 percent below the 2008 peak. In the Hartford/West Hartford/East Hartford area, prices have increased by .7 percent from 6/1/2015 to 6/1/2016, and prices are 15.1 percent below the 2008 peak.
How did the Canton market fare in the past twelve months compared with the previous twelve months?
The number of sales reduced by 3.2 percent to 122, median sales price reduced by 2.2% to $310,000, median sales price per square foot are down by .3 percent to $141.54, and days on market increased minimally from 45 to 46. It is important to remember that these are the “median” numbers with half of sales above this number and half below. There are different numbers for different homes reflecting different price ranges, various sizes, features and locations. Should you require more detailed information, please let me know.
How is the performance of our neighboring towns of Avon, Burlington, Canton, Farmington, Granby, New Hartford and Simsbury?
On a year to year basis, the number of sales is down11.3%, median sold prices have a slight 1.5% decrease, price per square foot off 2% and it takes 42 compared to 44 days to sell a home.
These statistics are based on information provided to and compiled by the Connecticut Multiple Listings Service, Inc. as of August 10, 2016.
David Sinish is a Realtor® with the Realty Works Group of William Raveis Real Estate located at 200 West Main Street in Avon. He is very willing to provide assistance with your general real estate questions, or with buying or selling your home.
Please email firstname.lastname@example.org call 860-922-6170 or go to DavidSinish@Raveis.com