august 2015 west hartford market report

MARKET ACTION REPORT

August 2015

City: W HartfordSean PageSales [email protected]

Price Range: $0 to $999,999,000 | Properties: Single Family Home

© 2015 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and theEqual Opportunity Act. Coldwell Banker Residential Brokerage is operated by a subsidiary of NRT LLC. Coldwell Banker and the Coldwell Banker Logo are registeredservice marks owned by Coldwell Banker Real Estate LLC.

Based on information from Connecticut Multiple Listing Service, Inc. for the period 9/1/2012 through 8/31/2015. Due to MLS reporting methods and allowable reportingpolicy, 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.

Trending Versus*: Trending Versus*:Market Profile & Trends Overview Month LM L3M PYM LY YTD PriorYTD PriorYear

Median List Price of all Current Listings $349,000 -3% � 9% � � � �Average List Price of all Current Listings $424,556 -4% � -4% � � � �August Median Sales Price $350,500 15% 12% 7% 19% $303,750 -2% 4%August Average Sales Price $372,898 10% 3% -5% 9% $341,849 -4% 0%Total Properties Currently for Sale (Inventory) 391 11% � 32% � � � �August Number of Properties Sold 64 -35% � -22% � 468 -2% �August Average Days on Market (Solds) 55 34% 22% 8% 4% 50 -4% -6%Asking Price per Square Foot (based on New Listings) $173 -2% -2% 2% 1% $172 -1% 1%August Sold Price per Square Foot $171 1% 1% -1% 4% $165 -2% 0%August Month's Supply of Inventory 6.1 72% 40% 69% 21% 5.3 4% 5%August Sale Price vs List Price Ratio 95.7% -1.0% -1% -1% -1.2% 96.7% -0.4% -0.1%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Property Sales August Property sales were 64, down -22.0% from 82 in August of 2014 and -35.4% lower than the 99 sales last month. August 2015 sales were at their lowestlevel compared to August of 2014 and 2013. August YTD sales of 468 are running -2.1% behind last year's year-to-date sales of 478.

Prices The Median Sales Price in August was $350,500, up 7.0% from $327,450 in August of 2014 and up 14.9% from $305,000 last month. The Average Sales Pricein August was $372,898, down -4.7% from $391,266 in August of 2014 and up 9.8% from $339,744 last month. August 2015 ASP was at a mid rangecompared to August of 2014 and 2013.


August 2015





Inventory & MSI The Total Inventory of Properties available for sale as of August was 391, up 11.4% from 351 last month and up 31.6% from 297 in August of last year. August 2015 Inventory was at highest level compared to August of 2014 and 2013. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2015 MSI of 6.1 months was at its highest levelcompared with August 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 amove towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for August was 55, up 34.1% from 41 dayslast month and up 7.8% from 51 days in August of last year. The August 2015 DOM was at its highest level compared with August 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 impactedby 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 August 2015 Selling Price per Square Foot of $171 was up 1.2% from $169 last month and down -1.2% from $173 in August of last year.


August 2015





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 August 2015 Selling Price vs List Price of 95.7% wasdown from 96.7% last month and down from 96.4% in August 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 annualseasonality of the market as well as the relationship between these items. The number of New Listings in August 2015 was 89, down -15.2% from 105 lastmonth and up 21.9% from 73 in August of last year.


August 2015



© 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 ResidentialBrokerage 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 9/1/2012 through 8/31/2015. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not becompletely 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.

S 12 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 A

Homes Sold 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 62 101 99 643 Mo. Roll Avg 42 45 49 42 38 42 56 80 89 96 77 64 52 53 47 41 35 37 44 65 84 93 79 65 52 51 41 39 33 38 47 69 87 88

(000's) S 12 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 AMedianSalePrice 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 3513 Mo. Roll Avg 285 292 288 288 293 303 303 315 312 319 306 305 308 302 298 272 269 271 282 303 318 329 313 290 277 278 277 264 268 282 298 310 311 328

S 12 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 AInventory 266 264 244 199 202 201 207 243 262 243 245 256 264 247 233 191 200 187 234 294 310 313 320 297 299 286 261 186 189 176 223 258 333 350 351 391MSI 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 3 4 6

S 12 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 ADays On Market 48 30 57 71 76 54 57 69 33 45 40 40 63 40 69 65 57 84 69 58 38 53 39 51 47 50 41 73 60 80 58 54 50 40 41 553 Mo. Roll Avg 45 53 68 67 62 60 53 49 39 42 48 48 57 58 64 69 70 70 55 50 43 48 46 49 46 55 58 71 66 64 54 48 44 45

S 12 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 APrice per Sq Ft 162 163 163 163 151 160 160 164 165 173 172 171 170 162 168 159 163 165 153 149 170 172 174 173 160 165 157 156 149 146 160 162 170 170 169 1713 Mo. Roll Avg 163 163 159 158 157 161 163 167 170 172 171 168 167 163 163 162 160 156 157 164 172 173 169 166 161 159 154 150 152 156 164 167 170 170

S 12 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 ASale to List Price 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 0.978 0.967 0.957

3 Mo. Roll Avg 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 0.977 0.972 0.967

S 12 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 A

New Listings 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 89Inventory 266 264 244 199 202 201 207 243 262 243 245 256 264 247 233 191 200 187 234 294 310 313 320 297 299 286 261 186 189 176 223 258 333 350 351 391Sales 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 62 101 99 64

(000's) S 12 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 AAvg Sale Price 319 321 317 338 294 317 324 317 325 369 356 344 340 315 383 315 375 308 281 325 352 363 378 391 326 310 303 321 284 257 329 312 360 377 340 3733 Mo. Roll Avg 319 325 316 316 312 319 322 337 350 356 347 333 346 338 358 333 322 305 319 347 364 377 365 343 313 311 303 288 290 299 334 349 359 363

august 2015 west hartford market report

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