December 2014 West Hartford Market Report

December 2014
MARKET ACTION REPORT

Sean Page
Sales Associate
860-966-6761
(860) 231-2888
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
December Median Sales Price
December Average Sales Price
Total Properties Currently for Sale (Inventory)
December Number of Properties Sold
December Average Days on Market (Solds)
Asking Price per Square Foot (based on New Listings)
December Sold Price per Square Foot
December Month's Supply of Inventory
December Sale Price vs List Price Ratio
Month
LM
$325,000
0%
$465,681
5%
$280,000
-3%
$319,776
6%
205 -23%
48
14%
80 95%
$175
5%
$154
-2%
4.3 -33%
95.7% -1.5%
L3M PYM
1%
2%
48%
2%
-3%
-18%
0%
Trending Versus*:
LY
-2%
6%
4%
-8%
2%
-6%
7%
-13%
23% 54%
4%
1%
-3%
-7%
23%
2%
-1% -1.4%
YTD
PriorYTD
PriorYear
$295,625
$344,965
-4%
2%
-3%
2%
680
53
$173
$165
5.2
96.9%
-8%
2%
-1%
-1%
23%
-0.2%
2%
0%
-1%
23%
-0.2%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales
December Property sales were 48, down -12.7% from 55 in December of 2013 and 14.3% higher than the 42 sales last month. December 2014 sales were at
their lowest level compared to December of 2013 and 2012. December YTD sales of 680 are running -8.4% behind last year's year-to-date sales of 742.
Prices
The Median Sales Price in December was $280,000, up 3.7% from $270,000 in December of 2013 and down -3.4% from $290,000 last month. The Average
Sales Price in December was $319,776, up 1.5% from $314,919 in December of 2013 and up 5.6% from $302,773 last month. December 2014 ASP was at a
mid range compared to December of 2013 and 2012.
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 1/1/2012 through 12/31/2014. 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.
December 2014

Sean Page
Sales Associate
860-966-6761
(860) 231-2888
City: W Hartford
Inventory & MSI

The Total Inventory of Properties available for sale as of December was 205, down -22.9% from 266 last month and up 7.3% from 191 in December of last
year. December 2014 Inventory was at highest level compared to December of 2013 and 2012.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2014 MSI of 4.3 months was at its highest
level compared with December of 2013 and 2012.
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 December was 80, up 95.1% from 41
days last month and up 23.1% from 65 days in December of last year. The December 2014 DOM was at its highest level compared with December of 2013
and 2012.
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 December 2014 Selling Price per Square Foot of $154 was down -1.9% from $157 last month and down -3.1% from $159 in December of last year.
December 2014

Sean Page
Sales Associate
860-966-6761
(860) 231-2888
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 December 2014 Selling Price vs List Price of 95.7% was
down from 97.2% last month and down from 96.3% in December 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 December 2014 was 26, down -55.2% from 58 last
month and down -18.8% from 32 in December of last year.
December 2014

Sean Page
Sales Associate
860-966-6761
(860) 231-2888
City: W Hartford
J 12
33
Homes Sold
3 Mo. Roll Avg
(000's)
F
21
M
39
31
A
51
37
M
70
53
J
89
70
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
57
65
N
42
52
D
48
49
MedianSalePrice
3 Mo. Roll Avg
J 12
F M
A M
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
280 314 310 250 323 315 305 327 259 292 304 280 281 303 295 310 305 330 300 328 290 297 338 270 285 260 262 290 298 325 336 327 277 265 290 280
301 291 294 296 314 316 297 292 285 292 288 288 293 303 303 315 312 319 306 305 308 302 298 272 269 271 283 304 319 329 313 290 277 278
Inventory
MSI
J 12
F M
A M
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
226 231 230 262 252 245 245 251 266 264 244 199 202 201 207 243 262 243 245 256 264 247 233 191 200 187 234 294 310 313 320 297 300 287 266 205
7 11
6
5
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
Days On Market
3 Mo. Roll Avg
J 12
92
F
87
M
79
86
A
57
74
M
61
66
J
66
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
80
57
J 12
F M
A M
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
140 156 156 157 168 171 168 170 162 163 163 163 151 160 160 164 165 173 172 171 170 162 168 159 163 165 153 149 171 172 174 173 160 164 157 154
151 156 160 165 169 170 167 165 163 163 159 158 157 161 163 167 170 172 171 168 167 163 163 162 160 156 158 164 172 173 169 166 160 158
Price per Sq Ft
3 Mo. Roll Avg
J 12
D J 13
D J 14
Sale to List Price

3 Mo. Roll Avg
0.938 0.961 0.961 0.967 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 0.957
0.953 0.963 0.966 0.969 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
New Listings
Inventory
Sales
J 12
F M
A M
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
71 81 100 115 113 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
226 231 230 262 252 245 245 251 266 264 244 199 202 201 207 243 262 243 245 256 264 247 233 191 200 187 234 294 310 313 320 297 300 287 266 205
33 21 39 51 70 89 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 57 42 48
(000's)
Avg Sale Price

3 Mo. Roll Avg
J 12
F M
A M
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
271 337 319 292 372 360 349 359 319 321 317 338 294 317 324 317 325 369 356 344 340 315 383 315 375 308 281 325 355 363 378 391 326 309 303 320
309 316 328 342 361 356 342 333 319 325 316 316 312 319 322 337 350 356 347 333 346 338 358 333 322 305 320 348 365 377 365 342 313 311
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 1/1/2012 through 12/31/2014. 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.

December 2014 West Hartford Market Report

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December 2014 West Hartford Market Report

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December 2014

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

Sale to List Price

Avg Sale Price

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