Business & Tech
Realtor: Average Home Prices Range From $349,961 to $518,643 in Farmington Valley
Homes in Connecticut average as low as $165,000 and as high as $1.1 million statewide, according to a sample released by Coldwell Banker Realty on four-bedroom homes.
In a survey of 59 real estate markets in the Connecticut, a national real estate company released data showing home averages that ranged between $349,961 and $518,643 in the Farmington Valley.
Coldwell Banker Real Estate LLC released its Home Listing Report Wednesday, showing surveyed listing prices of four-bedroom, two-bathroom homes in more than 2,300 North American markets. The numbers do not reflect the prices of homes sold; rather the data is taken from homes listed in Coldwell Banker’s database for sale between September 2010 and March 2011.
The average price of homes in Avon the listed in Coldwell Banker's database during that time frame was $411,911. Avon ranked 28th for lowest average house cost in Connecticut of the towns included in the study, and 1,914 nationally.
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In Simsbury, the listed average, based on the study, was $349,961, the lowest in the region, and in Granby the average was $518,643, the highest in the region. Just outside the Farmington Valley, the average house prices for West Hartford and Southington were $371,596 and $411,227, respectively.
East Granby, Canton, Farmington, New Hartford and Barkhamsted housing markets were not included in the report.
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The average listing prices of a four-bedroom, two-bathroom home in Connecticut overall was $451,012. The national average was $293,251.
New Britain, a city 71,000 people near Hartford, had the lowest listing price of $165,310, making it the most affordable. The most expensive was Greenwich, the wealthy Gold Coast community at the edge of Fairfield County, where the average listing price well exceeds $1.1 million.
"This year’s home listing report is by far the most in-depth local market source of data that Coldwell Banker has ever released,” said Jim Gillespie, chief executive officer, Coldwell Banker Real Estate LLC. “We’ve included nearly ten times more markets than ever before, which gives us unmatched real estate insight into thousands of North American cities.”
The state and national data and can be found at: http://hlr.coldwellbanker.com.
The original version of this article was published on .
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