Community Corner
Somers and Other Area Towns on Coldwell Banker's Most Affordable List
Somers, Vernon, Enfield, East Windsor, Manchester, Windsor, Stafford, and South Windsor are deemed some of Connecticut's most affordable towns to live in.
Coldwell Banker Real Estate LLC recently released its Home Listing Report (HLR), which is a snapshot survey of listing prices for four-bedroom, two-bathroom homes in more than 2,300 North American markets.
The survey reviewed 59 real estate markets in Connecticut and found New Britain led the list of most affordable markets in the state, with an average home listing price of approximately $165,310 for property listings meeting the subject home criteria.
Somers was ranked 30th with an average price of $423,752 for a four-bedroom, two-bathroom home.
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Vernon was ranked as the 7th most affordable places to live, Enfield was 10th, East Windsor was 12th, Manchester was 13th, Windsor was 14th, Stafford was 16th, and South Windsor was 25th.
The report identified Greenwich as the state’s most expensive market, where the average four-bedroom, two-bathroom home has a listing price of $1,154,293.
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The difference of nearly $1 million between most expensive and most affordable Connecticut housing markets is just one of the many findings in this comprehensive market report.
Compared to the national average of $293,251, the average four-bedroom, two-bathroom home in Connecticut overall was $451,012.
The Coldwell Banker HLR provides the average home listing price of four-bedroom, two-bathroom properties on Coldwellbanker.com that were listed between September 2010 and March 2011 from more than 2,300 North American markets.
Markets included in the U.S. report were required to have at least 10 properties fitting the above criteria within the relevant timeframe.
"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. For instance, we can see that there are 775 U.S. markets averaging $200,000 or less for these types of aspirational homes. We know that home buying remains a deeply personal lifestyle decision, and we believe that reports like this, along with trusted real estate agents, will help to today’s buyers make smart decisions.”
Connecticut Town State Rank National Rank Average Price NEW BRITAIN 1 366 $165,310 EAST HARTFORD 2 675 $191,514 NEW HAVEN 3 980 $218,598 BRIDGEPORT 4 1,032 $223,447 BRISTOL 5 1,043 $224,640 BLOOMFIELD 6 1,079 $230,155 VERNON 7 1,201 $245,013 WEST HAVEN 8 1,203 $245,238 TORRINGTON 9 1,205 $245,592 ENFIELD 10 1,240 $249,825 NAUGATUCK 11 1,267 $252,901 EAST WINDSOR 12 1,391 $269,000 MANCHESTER 13 1,435 $277,275 WINDSOR 14 1,483 $285,231 HAMDEN 15 1,612 $316,271 STAFFORD 16 1,624 $318,640 WETHERSFIELD 17 1,683 $337,833 SIMSBURY 18 1,728 $349,961 NORTH HAVEN 19 1,729 $350,345 SEYMOUR 20 1,772 $362,806 WEST HARTFORD 21 1,795 $371,596 CHESHIRE 22 1,811 $376,365 WALLINGFORD 23 1,814 $376,850 DANBURY 24 1,821 $379,520 SOUTH WINDSOR 25 1,845 $385,815 COLCHESTER 26 1,880 $400,210 SOUTHINGTON 27 1,911 $411,227 AVON 28 1,914 $411,911 NEW MILFORD 29 1,932 $419,465 SOMERS 30 1,943 $423,752 OXFORD 31 1,944 $423,870 SHELTON 32 1,953 $428,820 ORANGE 33 1,967 $436,276 WOODBRIDGE 34 2,006 $455,986 OLD LYME 35 2,010 $458,331 SOUTHBURY 36 2,014 $461,042 CLINTON 37 2,016 $463,550 GLASTONBURY 38 2,017 $464,077 GUILFORD 39 2,022 $469,953 NEWTOWN 40 2,041 $483,502 BETHEL 41 2,057 $491,170 GROTON 42 2,084 $505,764 TRUMBULL 43 2,085 $505,765 MONROE 44 2,090 $507,800 BROOKFIELD 45 2,105 $518,411 GRANBY 46 2,106 $518,643 MILFORD 47 2,131 $541,317 STAMFORD 48 2,143 $550,609 OLD SAYBROOK 49 2,162 $571,845 FAIRFIELD 50 2,205 $626,735 NORWALK 51 2,207 $628,330 REDDING 52 2,220 $652,339 RIDGEFIELD 53 2,225 $661,605 MADISON 54 2,231 $669,023 WILTON 55 2,269 $752,264 WESTON 56 2,295 $910,725 DARIEN 57 2,303 $951,125 WESTPORT 58 2,308 $1,030,227 GREENWICH 59 2,313 $1,154,293Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.
