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5 Sure Signs that the West Hartford Real Estate Market has Shifted!
5 Sure Signs that the West Hartford Real Estate Market has Shifted! With the spring real estate market in full swing, there are five indicators that West Hartford is shifting to a seller's market:
Closed Sales. The first quarter of 2013 has seen a 22.5% increase in the number of single family homes sold in West Hartford when compared to the same time period last year (93 closed sales vs. 114 closed sales in 2012).    Average Sales Price. In West Hartford, 1st quarter sales posted a 3.15% increase in average sales price over 1st quarter 2012. The average sales price for a 3-bedroom, 2-bath, 2000 square foot home is $315,493 vs. $305,860 last year. Average Days on Market. Days on market for single family homes in town have shifted dramatically, down from an average of 91 days to 69 days on market during January through March, 2013. This 31% decrease in days on market is significant and has been impacted by many multiple offer situations which have occurred this spring, especially for homes near West Hartford Center. In fact, 44% of homes located within a mile of the Center went under contract in 3 weeks or less during the ... more

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