Vernon CT Real Estate Market Report
The Town of Vernon Connecticut is a diversified town located in Tolland County and 15 minutes east of Hartford. “Because of its locale, Vernon provides homeowners the opportunity to enjoy suburbia, while enjoying a short commute to either Hartford or Springfield business districts.” (Town of Vernon)
Vernon used to be a part of the town of Bolton until October 1808.
In Vernon lies a 5-mile trail which begins at the Taylor Street in the Manchester town line and ends through the forested section of Bolton town line. See map insert.
Currently, there are 113 homes for sale in Vernon Connecticut. The most expensive home is listed at $450,000 with 3,804 square feet, 5 bedrooms and 3 1/2 bathrooms. This property has been on the market for 728 days.
The average listing price is $200,386 with 1,641 square feet, 3 bedrooms and 2 bathrooms. The average days on the market is 138 days.
(Click to enlarge the image)
As of this date, there are 43 properties under contract. Out of this 43 units, the most expensive home’s list price is $359,000 with 4,576 square feet, 7 bedrooms and 3 1/2 bathrooms.
The average listing price is $163,156 with 1,552 square feet, 3 bedrooms and 1 1/2 bathrooms. The average days on the market is 87 days.
Nine properties sold in January and 18 units in February. This is more than twice the sale from the previous month. Using a 3-month historical sales including 10 in December 2013, the absorption rate is 12.33.
The absorption rate of 12.33 means Vernon Connecticut has a 9-month supply of homes. The buyers still have the leverage in this current market condition.
SEARCH HOMES FOR SALE IN VERNON CONNECTICUT
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