East Windsor Among Most Affordable Places to Buy Home in State

A survey of listing prices of four-bedroom, two-bathroom homes by Coldwell Banker Real Estate LLC Wednesday ranked East Windsor the 12th most affordable among 59 markets in Connecticut.

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.

The survey said the average home price for that type of home in East Windsor was $269,000.

First Selectwoman Denise E, Menard said it was good news to hear and she was not surprised by where East Windsor sits in the survey.

“I think we are quite affordable,” Menard said. “We do have a lot of reasonably-priced housing.”

The report 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.

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.

Compared to the national average of $293,251, the average four-bedroom, two-bathroom home in Connecticut overall was $451,012.

"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.”