Glastonbury Market Report
Glastonbury Market Report for June 2007 and First Half Year Comparison to 2006
Residential
In June there were 185 active listings in Glastonbury. There were 78 new listings, 50 deposits and 50 closed transactions, The average sale price was $505,500, with an average per sq.ft. sale price of $189 and an average of 51 days on the market. Compared to June 2006, last June there were 48 closed transactions, with an average sale price of $209 per sq.ft. and homes were on the market for an average of 38 days. Overall there were no major changes, although the average sale price was down slightly this year, days on the were up and the average per sq.ft. price was down.
Comparing the first half of 2006 to the first half of 2007 is probably more accurate as far as looking at any overall changes in the market. From January 1, 2006 to June 30th, 2006 there were 192 closed sales with an average sale price of $435,337, homes sold for an average of $188/sq.ft and they were on the market for an average of 47 days. For the same time period this year there were 184 closed sales with an average sale price of $448,176, homes sold for an average of $181/sq.ft and homes were on the market for an average of 55 days. Again there don’t seem to be any major changes. Prices are up slightly this year, per sq/ft prices are down and days on the market are up slightly.
Condominiums
In June there were 43 active listings. There were 23 new listings, 9 condos went under deposit and there were 21 closed sales. The average sale price was $ 220,017, condos sold for an average of $175/sq.ft and they were on the market for an average of 26 days. In June 2006 there were 26 closed sales with an average sale price of $196,265, an average /sq.ft. sale price of $162 and they were on the market for an average of 56 days. Overall comparing last June to this June, prices were up quite a bit, average per sq.ft price was up and days on the market were down.
Comparing the first half of 2006 to the same period in 2007, in 2007 there were 81 closed sales with an average sale price of $204,196, an average/sq/ft price of $165 and condos were on the market an average of 51 days. In 2006 there were 106 closed sales with an average sale price of $204,151, an average/sq.ft.price of $164 and they were on the market for an average of 62 days. Overall, number of sales are down from last year, but prices are relatively unchanged.