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Maria Gilda Racelis

East Hartford CT Real Estate Market Report-April 2014

East Hartford CT Real Estate Market Report-April 2014

In the Town of East Hartford sits the home of the University of Connecticut Huskies, the Rentschler Field. UConn Huskies is 2014 NCAA Men’s Basketball National Champions after it’s victory against Kentucky’s Wildcats  in April 7. 2014 “Rentschler Field  is Connecticut’s sports & entertainment stadium owned by the State of Connecticut and managed by Global Spectrum LP. In addition to being the home of the University of Connecticut Huskies football team, Rentschler Field’s 40,000-seat stadium is the perfect setting for college football, concerts, conferences, banquets and special events.”

Uconn Huskies

Rentschler Field

Therefore, this town is full of vigor and jubilation.  Currently, there are 191 single family homes for sale in East Hartford Connecticut. The average listing price for these properties is $151,384 with average square feet of 1,390, 3 bedrooms and 1 1/2 bathrooms.

East Hartford CT Real Estate

East Hartford CT Homes for Sale

One Hundred Four single family homes are under contract as of this writing. The average listing price for the properties with pending sale is $132,072 with average square feet of 1,387, 3 bedrooms and 1 1/2 bathrooms. The average days on the market for these properties is 85 days.

East Hartford CT Real Estate

East Hartford CT Homes Under Contract

In February, 25 properties are sold and 32 in March. The average listing price is $123,396 with 1,410 square feet, 3 bedrooms and 1 1/2 bathrooms; and $126,356 with 1,298 square feet, 3 bedrooms and 1 1/2 bathrooms, respectively. This means that the home value is higher in March based on the sold price per square foot.

East Hartford CT Real Estate

East Hartford CT Sold Homes in February 2014

 

East Hartford CT Real Estate

East Hartford CT Sold Homes in March 2014

The current absorption rate for single family homes in East Hartford is 6.36 using a 4-month sales history. Therefore, at this rate, the inventory of 191 homes is expected to be depleted within 6 to 7  months. Read East Hartford Real Estate Market Report for March 2014

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Maria Gilda Racelis
I am a full-time realtor and a no-nonsense individual when it comes to rendering services to my clients. I take my job and the responsibility it entails seriously. My clients come first. I ensure that they know and feel I am working for their best interest. However, I do not carry out tasks to compromise my principle. I conduct my business with pride, honesty and integrity.
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