2 Bedroom Homes Not Always Harder to Sell in Central CT
April 29th, 2009 categories: Central Connecticut News & Information, Home Buyers, Home Sellers
Have you ever heard someone say that 2 bedroom homes are harder to sell than 3 bedroom homes? While it can be true, like everything else in real estate the answer really is “it depends.”
Take a look at the following chart, comparing # of bedrooms in homes that have sold in the last year in West Hartford, Glastonbury and Newington.
2 bedroom homes in Newington and Glastonbury took less time to sell than homes with more bedrooms. And in all towns, 2 bedroom homes sold for more per square foot than homes with more bedrooms.
The average sales price is lower for 2 bedroom homes but so is the average square footage. The lower average price probably helps homes to sell faster, given that first time buyers are the market right now.
Another reason 2 bedroom homes may not be so hard to sell after all is that they make up such a small percentage of the market. 3 and 4 bedroom homes are the norm. So, less competition.
2 bedroom homes also are a viable entry into a very desirable town when condominiums are hard to find or not what the buyer is looking for.
What can make a 2 bedroom home harder to sell is number of bedrooms relative to size and price. If you’re selling a 2 bedroom home in West Hartford for what 3 bedroom homes are selling for just because the square footage is there, you can expect to sell it for less. Location and condition will also play a major part.
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