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.