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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 First Quarter Market Report

Glastonbury Market Report: 1st Quarter 2008 Compared to First Quarter 2007

 

Residential

 

Jan.1, 2007 – March 31,2007

Number closed – 74

Average Sale Price - $455,310

Price/Sq.Ft. - $177.92

Average Days on Market – 57

 

Jan.1,2008 – March 31, 2008

Number Closed – 63

Average Sale Price - $432,051

Price/Sq.Ft. - $173.75

Average Days on Market – 54

 

Overall prices are down by 5.2%,  sales are down 15% comparing the first quarter of 2007 to the first quarter of 2008.  There are 161 active listings on the market.

 

Condominiums

 

Jan.1, 2007 – March 31, 2007

Number Closed – 29

Average Sale Price - $206,916

Price/Sq.Ft. –$163.63

Average Days on Market – 54

 

Jan.1, 2008 – March 31, 2008

Number Closed – 20

Average Sale Price - $192,931

Price/Sq.Ft. - $155.22

Average Days on Market – 61

 

Prices are down 6.8% and sales are down 31% comparing the first quarter of 2007 to the first quarter of 2008.

Published Wednesday, April 23, 2008 2:27 PM by Marabeth Gildersleeve

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