Thursday, October 17, 2019

From the Hartford Courant : These are the only 10 Connecticut towns where home prices have recovered from the recession

(Click here to read on the Hartford Courant's website)

By Kenneth R. Gosselin I Hartford Courant
Home sales in most Connecticut towns have yet to recover from the 2008 recession. An analysis by The Courant of single-family house sale price data from 2007 to 2018 shows sale prices in all of the state’s eight counties remain below the 2007 peak, with Hartford County making the most progress and Fairfield County in the deepest hole.
 
And of Connecticut’s 169 municipalities, just 10 towns and cities registered median sale prices that exceeded or matched their pre-recession values, according to data provided by The Warren Group, which tracks real estate trends in New England and publishes The Commercial Record.
 
Here’s a look at the 10 towns that have recovered: (to see how your town fared, please click here to view interactive map online)
 

West Hartford

Median home sale price in 2007: $305,000
Median home sale price in 2018: $310,000
Percentage change: 1.64%
 

Barkhamsted

Median home sale price in 2007: $239,000
Median home sale price in 2018: $254,250
Percentage change: 6.38%

 

Bridgewater

Median home sale price in 2007: $473,000
Median home sale price in 2018: $512,500
Percentage change: 8.35%
 

Darien

Median home sale price in 2007: $1,330,000
Median home sale price in 2018: $1,330,000
Percentage change: 0%
 

Union

Median home sale price in 2007: $236,000
Median home sale price in 2018: $236,000
Percentage change: 0%
 

Norfolk

Median home sale price in 2007: $303,500
Median home sale price in 2018: $355,000
Percentage change: 16.97%
 

Franklin

Median home sale price in 2007: $212,000
Median home sale price in 2018: $250,000
Percentage change: 17.92%
 

Eastford

Median home sale price in 2007: $232,500
Median home sale price in 2018: $235,000
Percentage change: 1.08%

 

Pomfret

Median home sale price in 2007: $277,000
Median home sale price in 2018: $287,450
Percentage change: 3.77%

 

Andover

Median home sale price in 2007: $247,450
Median home sale price in 2018: $247,500
Percentage change: .02%