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.