Hartford Business Journal

www.HartfordBusiness.com September 12, 2016 • Hartford Business Journal 7 REAL ESTATE CT marks sudden, steep drop in July home sales Connecticut single-family home sales tumbled suddenly by 15.6 percent in July, the first year-over-year drop in 17 months, according to the Warren Group. A total of 3,203 single-family homes sold in July compared with 3,795 for the same month a year ago, according to data provided by the publisher of The Commercial Record. However, year-to-date, sales were up 9.9 percent with 17,622 transac- tions, compared with 16,035 for the same period a year ago. The median single-family home price also fell 4.8 per- cent in July to $260,000, com- pared with $273,000 a year ago. Condominium sales like- wise dropped by 14.1 percent with 803 condos sold, down from 935 in July of 2015. Report: Hartford most affordable CT housing market Hartford is the most affordable of 67 housing markets in Con- necticut, according to the latest annual Home Listing Report. Issued last week by Coldwell Banker Real Estate LLC, the ranking of more than 2,000 mar- kets nationwide shows Hartford's average listing price as least ex- pensive at $144,981. Greenwich represents the most expensive market in the state, with an average listing price of more than $1.3 million. Green- wich is also ranked the 12th most expensive market in the country. The report analyzes more than 50,000 four-bedroom, two- bathroom home listings to ad- dress how much a home in one market would cost if the same home were located somewhere else in the country. WHAT'S AHEAD: ■ 9/19 Focus: Lifetime Achievement Awards ■ The List: Largest credit unions ■ Nonprofit Profile: HEDCO CALENDAR TUESDAY, SEPT. 27 Brexit: A German Perspective The World Affairs Council will be hosting a Sept. 27 luncheon with Dr. Ralf Horlemann, consul general of Germany in Boston, in a conversation on Brexit: A German Perspective. Horlemann will discuss the aftermath of Britain's decision to leave the European Union, what this means for the future of the Union, and Germany's critical role in the region and the world. Doors open at 11:30 a.m. for guest arrival, registration and networking. Lunch is served and program commences at 12 p.m. The event will take place at Infinity Hall, 32 Front St., Hartford. This event is held in partnership with UConn Global, the MetroHartford Alliance, UConn CIBER and the Hartford Business Journal. Cost to attend is $28 for members; $38 for nonmembers. For more information contact: Amanda Jolly, 860.241.6118, ajolly@ctwac.org. Dr. Ralf Horlemann YOUR LIFE'S WORK DESERVES MORE THAN A DEADBOLT. HD Surveillance anD Detection Get Cox Business Security Solutions with HD Surveillance and Detection. View crystal-clear video in high definition, day or night, with our lineup of HD commercial cameras. Receive text and email alerts if an alarm is activated. On call 24/7, it goes the extra mile to protect your business. Security that means business. call ( 877 ) 404-2523 visit coxbusiness.com/securitysolutions *Cox Business Security is available to business customers in Cox Business Connecticut service areas. Service not available in all areas. Service Agreement required. Other restrictions may apply. © 2016 Cox Business. All rights reserved. MANUFACTURING Henkel completes $3.6B purchase of CT laundry-care company Rocky Hill-based Henkel has completed its purchase of the laundry and homecare company The Sun Products Corp. in Wilton. Henkel's agreement to buy the company from a fund of Vestar Capital Partners, which was signed on June 24 and closed on Sept. 1, is valued at $3.6 billion, including debt. With this acquisition, Henkel reaches a No. 2 position in the North American laundry-care market, making it the second-larg- est deal in the company's history, said Henkel CEO Hans Van Bylen. The deal includes laundry-care brands such as All and Sun, as well as the fabric conditioner Snuggle. P H O T O | C N N

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