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Marabeth Gildersleeve's Central Ct Blog

Articles will be posted that will be of interest to you as a buyer or seller or renter, including mortgage information, insurance information, market statistics for Glastonbury, Portland and Middletown, listings, open houses.
Glastonbury Market Report for August and September and 1st 3 Quarters
 

Glastonbury Market Report for August and September and 1st Three  Quarters of 2007

RESIDENTIAL

8/1 to 9/30/07                                       8/1 to 9/30/06

Active:  172
New Listings:  98
Deposits:  32
Closed:  75                                             68
Average Sale Price:  $ 440,888              $413,962
Average Days on Market   54                  44

Comparing August and September 2007 to the same time period in 2006, number of closings were up 10%,  average sale price was up 6.5% and days on the market were up 23%.

1/1 to 9/30/07                                       1/1 to 9/30/06

Closed:  296                                           301
Average Sale Price:  $448,697               $435,543
Average Days on Market:  53                  46
Average Price per Sq,Ft.:  $181              $186

Comparing the 1st 3 quarters of 2007 to the same time period in 2006,  there has not been a very dramatic change.  Sales were down 2%,  prices were up 3% and days on the market were up 15%.  This report does not take into consideration all of the price changes or the total days on the market from the time a home was first listed, but overall Glastonbury is holding its own and is not the same as the neagtive reports on thee market that we keep hearing from the media.

CONDOMINIUMS

8/1 to 9/30/07                                       8/1 to 9/30/06

Active:  48
New Listings:  32
Deposits:  11
Closed:  31                                             26
Average Sale Price:  $198,500               $189,529
Average Days on Market:  49                  36
Average Price per Sq.Ft:  $167               $166

Condo sales are up 19%, prices are up 4.7% and the days on the market are up by 36%.

1/1 to 9/30/07                                           1/1/ to 9/30/06

Closed:  127                                              147
Average Sale Price:  $205,826                  $198,868
Average Days on Market:  47                     42
Average Price per Sq.Ft.:  $165                 $163

Comparing the first 3 quarters of 2007 to the same time period in 2006, number of sales are down 14%, prices are up by 3.5% and days on the market are up by 12%.  Overall, although sales are down quite a bit, prices have gone up a little and condos are staying on the market longer.

Published Monday, October 08, 2007 9:36 AM by Marabeth Gildersleeve

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