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Tax Credit Works in Glastonbury for 2009, Units Sold Almost Catches 2008 Numbers!
The Glastonbury market median sales prices dropped 16% from 2008 to 2009, moving from $388,000 to $325,000. The number of houses closing was stable, from 316 sales in 2008 to 313 sales in 2009 (based on Multiple Listing Service statistics as of January 26, 2009). For the successful sales in 2009, median days-on-market was just 42---well-priced & well-marketed homes continued to sell! The median list price of sold properties decreased almost 13%, from $399,900 in 2008 to $349,000 in 2009. The range in prices buyers paid to live in Glastonbury in 2009-- $101,500 to $1,200,000 (in 2008, this range was from $150,000 to $2.1M).  The recession was buffered by the first-time buyer's tax credit, making it easier to sell more modestly-priced properties! This does not mean that your property is worth 16% less than last year...
As January 2010 comes to a close, there are 111 single-family homes available to purchase (compared to 133 in January 2009). The prices range from a low of $165,000 for a 4 bedroom, 2 bath (2,773 sf) home built in 1780 at 279 Quarry Road to $6.5M for a 5 bedroom, 5.3 bath (9,844 sf) home built in 1998 at 321 Clark Hill Road. The median-priced property is at 336 Country ... more

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