Market Report for Glastonbury for December and 2006
Market Update for Glastonbury for December 2006
Residential
Glastonbury has 164 active listings on the market at this time which is quite a drop from a high point of about 225. Some of that can be attributed to the time of year, when some sellers choose to take their homes off of the market in December. As a matter of fact there were 29 expired listings. There were 21 new listings that came on the market in December, 24 deposits and 34 closed sales with an average closed price of $447,157. In December 2005 there were 37 closed sales with an average closed price of $402,032.
Looking at the total comparisons between 2005 and 2006, in 2005 there were 449 closed sales with an average closed price of $427,245 and in 2006 there were 380 closed sales with an average sale price of $433,722. The number of sales dropped by
15% and the average sale price went up 1.5%.
Condominiums
In the condo market there are 40 active listings, with 6 deposits in December and 14 closed sales with an average closed price of $215,180. In December of 2005 there were 10 closed sales with an average closed price of $220,000.
Looking at the market overall between 2005 and 2006, in 2005 there were 153 closed sales with an average sale price of $197,715 and in 2006 there were 192 closed sales with an average sale price of $204,006. Overall the condo market looks as though it is still going strong with a 25% increase in sales and a 3% increase in sales price.