Enfield Home Sale Stats for the Month of February 2010

What is the scoop in Enfield? Let’s take a quick look

This is based on Residential Sales

15 homes were sold.  The median selling price was $196,250.  3 of those sales were over asking price,  3 sales were paid for asking price and the other 9 were under asking price. Here is the chart showing how much.

Buyers are not running out the door with a deal, but at least they are running with maybe 2-5% below asking price.

Is the market improving? Let’s see how many days on market homes are taking to sell in a 3 month span. See the chart below.

30 Day Span February 1, 2010-March 4, 2010

For the 30 day span, the average day on market is 95 days for active homes…for sold homes..106 days.

Looking at a 3 months span average active days on market is holding steady at 95 days, but the average days on market for sold homes is higher..at 124 days.

3 Month Span Dec 1, 2009-March 4, 2010

Now this can be many reasons…Winter in New England tends to be a slower season for Real Estate and that is def a HUGE reason for the slow down in a three month period. Homes that are under 200K though have decreased in days on market to average 67 days. That is a huge difference. Homes under 150K are on the market average of 45 days.  The tax credit is also a HUGE incentive for first time and second home buyers. Find info about it here

Really depending on what price range you shop in or live in, tells a different story. Enfield though is improving slowly. I do not think we will see prices as they were back in 2005-2007 for many years to come. Those were artificial prices and an artificial economic bubble.  The median home price in Enfield is $185,000.  56% of the residents have been here 5 plus years.

For marketing stats on your home in detailed to get a better picture of what is going on in YOUR neighborhood, visit

www.homevaluesinEnfield.com If you are a buyer, use it if you are shopping in a neighborhood and want to get quick stats, including info on the community & school system in your neighborhood.

Don’t live in Enfield, Ct? Check out your value at www.homevaluesinconnecticut.com