Marabeth's Blog

I Am Seeking Opinions and Help in Placing a Mortgage - CT

Marabeth Gildersleeve (Prudential Ct. Realty) — Fri, 28 May 2010 17:07:16 -0700

Hi Everyone - I am hoping by going to this group with my plight, I might get some help. This is for a mortgage in CT. I have a contract on a property that is 3 homes on 1 deed. There is a cape that my buyers plan to live in and 2 smaller 1 bedroom homes on the proeprty, which are presently rented for $725 and $750. The house overlooks a lake but is not waterfront. The buyers are great buyers have good income, one is an atty., the other a computer consultant and have great credit scores. We knew the appraisal was going to be tough because there are no like properties that have sold. The appraiser took the income approach and used multi-family homes. The appraisal came in fine, but was thrown back by the lender, because the other properties were not separate houses and wanted the appraisal done just based on the cape, totally disregarding the other 2 homes. That doesn't work from appraisal standpoint and how can you totally disregard 2 other income producing properties? In my mind having separate units would be worth more than a 3 family with people living over you or beside you. This started as an FHA mortgage, because my clients wanted to use their cash to update the main house to their standards. We have checked so far with I don't know how many lenders and we keep getting the same answer. No one wants it, because they can't sell it in the mortgage market or the ones that will portfolio it want 20% down, because PMI won't write it they say. Help! To me this should be no brainer with little risk. The houses sold for $283,000. Any and all input would be much appreciated. Thanks.

No More Buyer Rebate! Get 3% Back Towards Closing Costs

Marabeth Gildersleeve (Prudential Ct. Realty) — Sat, 08 May 2010 15:33:31 -0700

11 East Main St, Portland,CT $229,900

Come and see this charming colonial located on a tree lined street in walking distance to downtown, the library and Town Hall. Inside competely repainted and ready for you to move in. Sit on the screened in porch and enjoy a summer meal or just sit and relax. As you enter the home you will notice the oak bannister and hardwood floors. Lots of oak trim, throughout the house. Large front to back living room features a fireplace and built-in bookshelves as well as hardwood floors. The dining room is perfect for entertaining. The kitchen opens to an addition, put on about 20 years ago that can be used as an eating area or a small den. The kitchen also features a pantry and on the first floor is a full bath and laundry.

The second floor has 3 bedrooms with hardwood floors ( one is covered with carpet) and a full bath. On the third floor there is another bedroom or study with lots of storage and a skylight. This home has 1925 square feet, 3 or 4 bedrooms and 2 full baths. There is also a 2 1/2 year old furnace and a 3 1/2 year old roof.

What are you waiting for? The time is now to get 3% back towards closing costs as well as other rewards, because these Sellers signed up for the Prudential Buyer Rewards Program.

For More Information or to see this home, give me a call at 860-652-4584 or send me an email at Marabeth@CtRealEstateCorner.com. You can also visit http://11EastMainSt.CtRealEstateCorner.com.

Unique Property - 2 Homes - Open Sunday May 17 1-3

Marabeth Gildersleeve (Prudential Ct. Realty) — Wed, 13 May 2009 08:34:00 -0700

CLICK TO VIEW LISTING WEBSITE

Photo Gallery

Description and Features

Located on a quiet country road with a circular driveway on 1.6 acres of land in historic Middle Haddam, these 2 homes must be seen. The main house is a historic barn offering 1560 sq.ft. and 3 fireplaces. As you enter the front door there is a large living room with a fireplace, built-ins and beautiful wood floors. Just beyond the living room is a formal dining room, large enough for all of those family gatherings. The eat-in kitchen has loads of beams and barn board walls for that great country look and feel. The countertops are corian and there is also a snack bar. Again there are also wood floors and cathedral ceilings. Beyond the kitchen is a new full bath with tile floors.

As you go up the stairs to the 2nd floor you will be amazed, the hayloft has been converted to the huge master suite with 2 levels taking up the whole 2nd floor. Wide board floors, wood cathedral ceilings, beams and large windows as well as a fireplace are only a few of the unique features. The first thing you will notice is an oversized claw footed tub on a raised platform for those relaxing baths as you look out the picture window. There are loads of built-in cabinets, minimizing the need for other furniture. There is also room for a seating area around the fireplace.

Down the spiral staircase to the lower level walk-out, there is a summer kitchen with stone walls leading out to a glass enclosed 3 season room featuring a huge hot tub to enjoy year-round. The room is 261 sq.ft. so there is plenty of room for seating, to enjoy the views of the stone walls and the backyard.

The rest of the downstairs is finished to use as a family room, another bedroom, an office or whatever you may need. There is a large closet, another fireplace and a woodstove and it is walkout.

Now we will move on to the 2nd house, which is a small ranch offering a living room, kitchen, bedroom and huge bath. There is a woodstove and c

Bedrooms:	2
Bathrooms:	3
Square Feet:	2160
Lot Size:	2.0
Year Built:	1900
Floors:	2
MLS #:	G528747

Location

Click to view map: 10-12 Keighley Pond Rd Middle Haddam CT 06424

Links

New Listing in Middle Haddam - Open Sunday April 5 1:00 - 3:00

Marabeth Gildersleeve (Prudential Ct. Realty) — Tue, 31 Mar 2009 08:50:00 -0700

A Truly Unique and Charming Property
2 Homes for 1 Price

10-12 Keighley Pond Rd. Middle Haddam
$300,000

As you go up the stairs to the 2^nd floor you will be amazed, the hayloft has been converted to the huge master suite with 2 levels taking up the whole 2^nd floor. Wide board floors, wood cathedral ceilings, beams and large windows as well as a fireplace are only a few of the unique features. The first thing you will notice is an oversized claw footed tub on a raised platform for those relaxing baths as you look out the picture window. There are loads of built-in cabinets, minimizing the need for other furniture. There is also room for a seating area around the fireplace.

Down the spiral staircase to the lower level walk-out, there is a summer kitchen with stone walls leading out to a glass enclosed 3 season room featuring a huge hot tub to enjoy year-round. The room is 261 sq.ft. so there is plenty of room for seating, to enjoy the views of the stone walls and the backyard.

The rest of the downstairs is finished to use as a family room, another bedroom, an office or whatever you may need. There is a large closet, another fireplace and a woodstove and it is walkout.

Now we will move on to the 2^nd house, which is a small ranch offering a living room, kitchen, bedroom and huge bath. There is a woodstove and cathedral ceilings in the living room. The home is presently rented and can be used for rental income, in-laws or a place for a child who has come back home to live. Attached to the house is a 1 1/2 car garage. Under the house is a garage /workshop, a potting shed, and another storage room.

In order to fully appreciate all this property has to offer, you must make an appointment to see it . Call today for your own private tour or visit http://www.CtRealEstateCorner.com for more information.

Middletown Market Report

Marabeth Gildersleeve (Prudential Ct. Realty) — Thu, 08 Jan 2009 07:43:34 -0800

Middletown Market Report for Last Quarter of 2008 and 2007 Comparison to 2008

Residential

9/1/2007 - 12/31/2007 compared to 9/1/2008 - 12/31/2008

The residential market in Middletown showed a drop in sales of 7.7% with 91 sales in the last quarter of 2007 and 84 in the last quarter of 2008. The median sale price dropped 13.4% from $268,453 in 2007 to $232,450 in 2008. There are 160 active listings on the market as of today.

1/1/2007-12/31/2007 compared to 1/1/2008 - 12/31/2008

Looking back at 2007 compared to 2008 there was a drop in sales of 31% with 378 in 2007 compared to 261 in 2008. Overall the median sale price dropped 6%, from $250,000 in 2007 to $235,000 in 2008. Days on the market remained relatively unchanged and homes are selling for about 96% of their final asking price.

Condominiums

9/1/2007-12/31/2007 compared to 9/31/2008 -12/31/2008

The condominium market has fared a little better than the residential market, although sales are still down. Sales in the last quarter of 2008 are down 33.4% with 57 in the last quarter of 2007 compared to 38 in the last quarter of 2008. Sale prices actually rose 4.3% from a median sale price of $149,900 in 2007 compared to $157,000 in 2008.

1/1/2007 -12/31/2007 compared to 1/1/2008 compared to 12/31/2008

Comparing all of 2007 to 2008 number of sales dropped 27% from 223 in 2007 to 163 in 2008. Median sale price rose .7% with the median sale price in 2007 being $153,500 and in 2008 the median price was $154,500. Certainly not a major gain, but at least it is up and not down.

Again don't be fooled by this report. Pricing is still crucial to a sale. Inventory right now is down a little, but if it starts climbing, everything changes. So far Ct seems to be faring better than some parts of the country, mainly because our inventory has not gone up. Since I have been involved in real estate for 27 years, the main difference I see between this market and the last major downturn in the late 80's and early 90's is inventory. Back then we had 3 or 4 years worth of inventory on the market and now it is more like 7 months worth of inventory.

Glastonbury Market Report

Marabeth Gildersleeve (Prudential Ct. Realty) — Wed, 07 Jan 2009 14:38:08 -0800

Glastonbury Market Report for Last Quarter and 2008 Comparison to 2007

Residential

9/1/2007 -12/31/2007 compared to 9/1/2008 - 12/31/2008

Comparing the last quarter of 2007 to 2008 there was not too much change as far as number of sales. There were 94 in 2007 compared to 91 in 2008. Median sale price was down 7.7%, from $370,000 in 2007 compared to $345,000 in 2008. Days on the market went from 39 in 2007 to 34 in 2008. This figure can be deceiving though , since it does not take into account homes that were on the market and expired and then relisted.

1/1/2007 - 12/31/2007 compared to 1/1/2008 - 12/31/2008

Looking at comparisons for the year, sales were down 15.6% from 2007. In 2007 there were 374 closed sales and in 2008 there were only 316 closed sales. Overall prices were only down about 1% from a median price of $391.450 in 2007 to a median price of $388,000 in 2008.

Compared to the rest of the country the residential market does not look too bad for Glastonbury. Right now inventory is way down, probably because of just getting past the holidays. There are 142 homes on the market as of this day.

Condominiums

9/1/2007 - 12/31/2007 compared to 9/1/2008 - 12/31/2008

Comparing the last quarter of 2007 to the last quarter of 2008 there was not a major change as far as number of sales. The last quarter of 2007 had 34 closed sales and in 2008 there were 28 closed sales. The median sale price actually went up about 1% from $199,500 in 2007 to $202,450 in 2008.

1/1/2007 - 12/31/2007 compared to 1/1/2008 - 12/31/2008

Looking at comparisons for the year, in 2007 there were 155 closed sales compared to 96 in 2008, a drop of 31.9% which is pretty major. Median sale price actually went up about 1%, from $197,000 in 2007 compared to $199,950 in 2008. Days on the market were up slightly and overall condos are selling for about 97% of their final asking price.

Do not be fooled reading this report though, since in order to sell your home the correct pricing is still crucial. What this report does not show you is the number of homes that have been on the market for more than 6 months and the number of price adjustments they have gone through. For the homes under deposit right now the median days on the market have risen to 74.

For more information about the Glastonbury market or about Glastonbury, Ct please visit my website at http://www.Ct RealEstateCorner.com.

Middletown Market Report

Marabeth Gildersleeve (Prudential Ct. Realty) — Mon, 20 Oct 2008 11:28:55 -0700

Market Report for Middletown for September and 1^st 3 Quarters

Residential

September
Active - 152
New Listings - 52
Deposits - 20
Closed - 24
Average Sale Price - $211,372
SP/Sq.Ft - $145.12
DOM - 55

1/1/2008 - 9/30/2008
Closed - 199
Average Sale Price - $253,137 Median Sale Price - $228,000
SP/Sq.Ft. - $155.08
DOM - 65

1/1/2007 - 9/30/2007
Closed - 309
Average Sale Price - $268,082 Median Sale Price - $250,500
SP/Sq.Ft. - $156.91
DOM -60

Number of sales are down 36% compared to last year. Average sale prices are down 5.6% and median sale prices are down 9%. September saw a drop of 16.5%compared to the first 9 months of the year. Hopefully this is not a trend.

Condominiums

September
Active - 76
New Listings - 27
Deposits - 10
Closed - 15
Average Sale Price - $161,533
SP/Sq.Ft - $142.54
DOM - 72

1/1/2008 - 9/30/2008
Closed - 136
Average Sale Price - $169,319 Median Sale Price - $154,000
SP/Sq.Ft. - $149.94
DOM - 82

1/1/2007 - 9/30/2007
Closed 182
Average Sale Price - $161,523 Median Sale Price - $156,100
SP/SqFt - $146.08
DOM - 48

Sales are down 25.3% compared to last year. Average sale price is up 4.8% and median is down by 1.4%. Overall condo sales are faring better than residential.

Portland Market Report

Marabeth Gildersleeve (Prudential Ct. Realty) — Mon, 20 Oct 2008 11:21:12 -0700

Portland Market Report for September and 1^st 3 Quarters

Residential

September

Active Listings - 60
New Listings - 10
Deposits - 5
Closed - 4
Average Sale Price - $285,500
SP/SqFt - $131.17
DOM -60

1/1/2008 - 9/30/2008

Closed - 63
Average Sale Price - $274,058 Median Sale Price - $255,000
SP/SqFt - $157.91
DOM - 62

1/1/2007 - 9/30/2007

Closed - 72
Average Sale Price - $270-652 Median Sale Price - $258,000
SP/Sq.Ft - $150.84
DOM - 61

Overall sales are down by 12.5%. Average sale prices are up by 1.3%, but median sale prices are down by 1.2 %. Again Portland seems to be holding its own with no major changes in prices.

Glastonbury Market Report for September and 1st 3 Quarters Comparison

Marabeth Gildersleeve (Prudential Ct. Realty) — Mon, 20 Oct 2008 11:14:25 -0700

Glastonbury Market Report for Sept. and 1^st 3 Quarters

Residential

September
Active Listings - 180
New in Sept. - 58
Deposits - 24
Closed - 24
Avg.Sale Price - $421,737
SP/Sq.Ft. - $173.13
Avg.DOM - 43

Closed 1/1/2008 - 9/30/2008
249
Avg. Sale Price - $451,985
SP/Sq.Ft - $176.55
DOM- 60

Closed 1/1/2007 - 9/30/2008
300
Avg.Sale Price - $448,856
SP/Sq.Ft - $181.53
DOM -53

Comparing last year to this year sales are down by 17%, but the average sale price is up very minimally. Looking at September compared to the 1^st 3 quarters the average sale price is down 6.7%. Hopefully this is not a trend.

Condominiums

September
Active Listings - 35
New in September - 11
Deposits - 6
Closed - 7
Avg. Sale Price - $230,771
SP/Sq.Ft. - $158.98
DOM - 66

Closed 1/1/2008 - 9/30/2008
Closed - 75
Avg. Sale Price - $205,743
SP/Sq.Ft. - $161.44
DOM - 62

Closed 1/1/2007 - 9/30/2007
Closed - 129
Avg.Sale Price - $205,415
SP/Sq.Ft - $165.01
DOM - 46

Comparing last year to this year sales are down 42%, but prices remain realtively unchanged.

All Utilities Included for $1500/month in Middletown

Marabeth Gildersleeve (Prudential Ct. Realty) — Fri, 26 Sep 2008 13:50:17 -0700

Located on a quiet street in Middletown this 1650 sq.ft, 3 bedroom, 1 1/2 bath cape
offers an eat-in kitchen with stove and refrigerator, a formal dining room,
formal living room, enclosed porch, 3 bedrooms upstairs, full basement and more.
Close to highways and Wesleyan, you can't beat the price with heat, hot water and electric included.
For more information please visit http://96HighlandAve.CtRealEstateCorner.com. Must have a credit
check, application, 1 month security plus first month rent and a 1 year lease. A pet may be considered with extra security deposit. Send an Email to Marabeth@CtRealEstateCorner.com if you like to view
this rental.

Remodeled Home in South Glastonbury

Marabeth Gildersleeve (Prudential Ct. Realty) — Fri, 26 Sep 2008 13:24:23 -0700

Offered at $307,000 this home at 52 Fairview Terrace is worth seeing. For more information visit http://52FairviewTer.PrudentialCt.com.

Middletown Market Report for June and First Half of 2008

Marabeth Gildersleeve (Prudential Ct. Realty) — Mon, 21 Jul 2008 08:05:47 -0700

Market Report for Middletown for June 2008 & First Half of 2008 to 2007

Residential

June 2008
Active - 176
New in June - 57
Deposits - 23
Closed - 15
Avg.Sale Price - $285,000
Sp/SqFt - $173.49
DOM - 26

Jan. 1 ,2008 - June 30, 2008

Closed - 112
Median Sale Price - $232,500
Sp/SqFt - $161.08
DOM - 45

Jan. 1, 2007 - June 30, 2007

Closed - 200
Median Sale Price - $255,500
SP/Sq.Ft - $158.48
DOM - 44

Comparing the first half of 2008 to 2007 sales are down 46%, prices are down 9.1% and days on market are relatively unchanged. As you can see there has been a big drop in sales and prices seem to have dropped.

Condominiums

June 2008

Active - 83
New in June - 14
Deposits - 15
Closed 12
Avg. Sale Price - $190,000
SP/SqFt - $142.97
DOM - 29

Jan. 1, 2008 - June 30, 2008

Closed - 87
Avg. Sale Price - $172,868
SP/SqFt - $151.20
DOM - 72

Jan.1, 2007 - June 30,2007

Closed - 122
Avg.Sale Price - $168,278
Sp/Sq.Ft - $145.83
DOM - 51

Comparing the first half of 2008 to 2007 sales are down 28.7%, prices are up 2.7% and it is taking longer to sell. Overall it looks as though the condo market is faring better than the residential market in Middletown. For more information please visit my website at http://www.CtRealEstateCorner.com.

Portland Market Report for June and First Half of 2008

Marabeth Gildersleeve (Prudential Ct. Realty) — Mon, 21 Jul 2008 07:58:53 -0700

Market Report for Portland June 2008 and Year to Date comparison to 2007

June 2008

Act - 60
New in June - 13
Deposits - 11
Closed - 10
Avg Sale Price - $220,000
SP/SqFt - $169.31
Avg. Dom 45

June 2007

Closed - 7
Avg.Sale Price - $240,786
Sp/SqFt - $148.90
Avg. DOM - 44

Comparing last June to this June, prices are down 8.7%, but number of closed sales were up about 42% and days on the market was about the same.

Jan.1, 2008 - June 30, 2008

Closed - 36
Median Sale Price - $252,000
SP/Sq.Ft - $158.22
DOM - 47

Jan.1, 2007 - June 30, 2007

Closed - 48
Median Sale Price - $253,250
SP/SqFt - $153.47
DOM - 51

Comparing last year to this year number of sales were down 25%, but prices only came down ½ a percent, which is really good and days on the market were less this year than last. All in all, not a bad report for the real estate market in Portland.

Glastonbury Market Report for June and First Half of 2008

Marabeth Gildersleeve (Prudential Ct. Realty) — Mon, 21 Jul 2008 07:53:28 -0700

Market Report for Glastonbury for June 2008 and Comparison between Year to Date 2008 to 2007

Residential

June 2008

Active Listings - 184
New in June - 64
Deposits - 41
Closed - 27
Avg. Sale Price $419,517
Sp/SqFt - $176.80
DOM - 45

Jan. 1, 2008 - June 30, 2008

Closed - 145
Avg. Sale Price - $442,057
SP/SqFt - $177.50
DOM - 48

Jan 1, 2007 - June 30, 2007

Closed - 186
Avg.Sale Price - $450,162
SP/SqFt - $183.18
DOM - 35

Comparing the first half of 2008 to 2007 sales are down 22.1%, prices are down only 1.7%, making things look better overall for the year. Glastonbury has about 7 months of inventory on the market.

Condominiums

June 2008

Active - 41
New June - 11
Deposits - 10
Closed - 11
Avg. Sale Price - $180,000
SP/Sq.Ft - $170.83
DOM - 41

Jan. 1 2008 - June 30, 2008

Closed - 51
Avg.Sale Price - $181,000
SP/Sq.Ft. - $154.83
DOM - 38

Jan. 1 2007 - June 30, 2007

Closed - 81
Avg.Sale Price - $190,000
SP/Sq.Ft - $162.33
DOM - 41

Comparing this year to last year sales are down 37.1%, prices are down only 4.8%.

Prudential Ct Realty in Glastonbury is Hosting a Golf Tounament

Marabeth Gildersleeve (Prudential Ct. Realty) — Tue, 29 Apr 2008 16:44:02 -0700

Prudential Ct Realty has chosen the Sunshine Kids as the charity that we raise money for. This year the Glastonbury office is hosting a golf tournament at the Blackledge Country Club in Hebron on June 18th with the shotgun at 10:00. The cost is $160/golfer and includes lunch and dinner. We need help in lots of ways. We need golfers, hole sponsors, raffle gifts and gifts for our silent auction. Visit our website at http://www.PrudentialGolf.com to sign up for any of the above or call me and I will be happy to send you a sign-up sheet. Any and all help will be appreciated. The Sunshine Kids provides trips and other fun activities for kids with cancer and their families. Thanks for you support. Send me an E-Mail at MarabethGildersleeve@PrudentialCt.com or give me a call at 860-652-4584.

Portland, Ct First Quarter Market Report

Marabeth Gildersleeve (Prudential Ct. Realty) — Thu, 24 Apr 2008 08:23:40 -0700

Portland Market Report - Comparison First Quarter 2007 to First Quarter 2008

Residential

1/1/2007 - 3/31/2007

Closed Sales - 19
Average Sale Price - $287,489
Average Price/Sq.Ft. - $149.46
Average Days on Market - 79

1/1/2008 - 3/31/2008

Closed Sales - 16
Average Sale Price - $ 278,038
Average Price/Sq.Ft. - $158.39
Average Days on Market - 53

Overall number of sales are down 15.8% and prices are down by 3.3%. This isn't too bad. There are only 55 homes on the market so the inventory has not gone up.

Middletown Ct First Quarter Market Report

Marabeth Gildersleeve (Prudential Ct. Realty) — Thu, 24 Apr 2008 08:08:00 -0700

Middletown Market Report - First Quarter of 2007 and First Quarter of 2008

Residential

1/1/2007 - 3/31/2007

Closed Sales - 89
Average Sale Price - $264,732
Average Price/Sq.Ft - $155.03
Average Days on Market - 66

1/1/2008 - 3/31/2008

Closed Sales 51
Average Sale Price - $255,733
Average Price/Sq.Ft. - $163.02
Average Days on Market - 64

Overall the number of sales are down 42.7%, a major drop. Prices are down 3.4% which isn't too bad and days on the market are about the same. There are 164 homes on the market.

Condominiums

1/1/2007 - 3/31/2007

Closed Sales - 48
Average Sale Price - $165,977
Average Price/Sq.Ft - $142.16
Average Days on Market - 51

1/1/2008 - 3/31/2008

Closed Sales - 44
Average Sale Price - $181,718
Average Price/Sq.Ft - $153.04
Average Days on Market - 58

The number of sales are down 8.4%, but the prices are up by 9.5%. The condo market in Middletown seems to be faring better than the housing market. There are 89 condos on the market.

Glastonbury,Ct First Quarter Market Report

Marabeth Gildersleeve (Prudential Ct. Realty) — Thu, 24 Apr 2008 08:03:08 -0700

Glastonbury Market Report: 1^st 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.

New Listing in Portland

Marabeth Gildersleeve (Prudential Ct. Realty) — Fri, 28 Mar 2008 08:33:08 -0700

Click Here To View Flyer
View Flyer Web Page

Video Tour of Portland Ct

Marabeth Gildersleeve (Prudential Ct. Realty) — Wed, 26 Mar 2008 17:15:46 -0700

Fabulous Colonial - Open Sunday Feb. 10th 1:00 - 3:00

Marabeth Gildersleeve (Prudential Ct. Realty) — Wed, 06 Feb 2008 09:28:45 -0800

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Prudential Ct Realty
Marabeth Gildersleeve
2790 Main St
Glastonbury, CT 06033
860-652-4584
Click To Email Me
My Website
Virtual Tour
Enhanced Website
About Me

Dynamite Colonial Ready to Move In
Open Sunday February 10th 1:00-3:00. Be Sure to Stop By to Tour this Home

Lots of Cabinets

Fireplaced Family Room

Formal Dining Room

This beautifully maintained colonial has lots of custom details. New crown moldings, new hardwood in the kitchen, custom bookcases, slider to a deck, formal living room and dining room, eat-in kitchen, large master bedroom with walk-in closet and full bath.

Main St Portland to Covell Hill to Edwards Rd

Built in 1997
Crown Moldings
Custom Bookcases
Hardwood Floors

Eat-in Kitchen
Designer Colors
2 Car Garage
Central Air and Security

Property Address:
12 Edwards Rd
Portland, CT 06480

MLS: G480830
Price: $314900

Middletown Market Report for Dec.2007 and a Comparison to 2006

Marabeth Gildersleeve (Prudential Ct. Realty) — Thu, 03 Jan 2008 13:51:24 -0800

Middletown Market Report for December and a Comparison Between 2006 and 2007

Residential

There are 112 active listings on the market in Middletown which means inventory is down. There were 19 new listings that came on the market, 14 homes went under deposit and there were 11 closed sales. Below you will see a comparison between Dec. 2007 and Dec.2006:

Closed Sales 12/2007: 11                                   Closed Sales 12/2006: 26
Avg. Sale Price: $240,718                                   Avg. Sale Price: $286,758
$/Sq.Ft: 174                                                       $/Sq.Ft: 163
DOM: 47                                                             DOM: 65

Closed sales were down 52.7% and prices were down 17.1%, yet the price per sq.ft. was up by 6.7%. It looks like some mixed signals, but sales may have been down because of the weather.

1/1/2007 - 12/31/2007 Compared to 1/1/2006 - 12/31/2006

Closed Sales 2007: 376                                      Closed Sales 2006: 389
Avg Sale Price: $269,880                                     Avg.Sale Price: $274,629
$/Sq.Ft: 159                                                       $/Sq.Ft: 163
DOM: 61                                                             DOM: 63

Overall comparing last year to this year, sales were down 3.4%, prices were down 1.7% and average price/sq.ft. is down 2.5%. On a whole this is not a bad performance for Middletown.

Condominiums

There are 85 active listings, 12 new listings for December , 11 deposits and 12 closed sales. Below you will see a comparison between December 2007 and December 2006:

Closed Sales 12/2007: 12                                    Closed Sales: 12/2006: 15
Avg.Sale Price: $143,858                                      Avg.Sale Price: $223,732
$/Sq.Ft.: 149                                                       $/Sq.Ft.: 156
DOM: 80                                                              DOM: 42

Condo sales seem to be slowing a little and looking at this example it looks as though prices are way down. My opinion is that last year in December there were probably more units closed in Sonoma Woods, which would bring the average price up since they are priced much higher being in an Over 55 complex.

1/1/2007- 12/31/2007 Compared to 1/1/2006 - 12/31/2007

Closed Sales 2007: 219                                       Closed Sales 2006: 237
Avg.Sale Price: $160,267                                      Avg.Sale Price: $168,761
$/Sq.Ft: 147                                                        $/Sq.Ft: 148
DOM: 49                                                             DOM: 39

Sales were down 7.6% compared to 2006, prices were down 6.1% and selling time is up by 20%. Overall the condo market is not doing too badly even though there was a slight drop in prices and a slight drop in number of sales. If you are selling, pricing your property correctly from the beginning, is key to guaranteeing a sale, as well as overall condition of your condo.

Market Report for Portland for Dec.2007 and a Comparison with 2006

Marabeth Gildersleeve (Prudential Ct. Realty) — Thu, 03 Jan 2008 13:41:34 -0800

Portland Market Report for December and a Comparison of 2006 to 2007

Residential

There are 56 active listings on the market in Portland, 9 new listings came on the market in December , 5 homes went under deposit and there were 10 closed sales. Below you will see the comparison between Dec. 2007 and Dec. 2006:

Closed 12/2007: 10                                             Closed 12/2006: 3
Avg.Sale Price: $286,940                                      Avg.Sale Price: $250,000
$/Sq.Ft.: 146                                                       $/Sq.Ft: 156
DOM: 50                                                             DOM: 86

As you can see, this December was much better than last December with prices being up and days on the market being down by a lot.

1/1/2007 - 12/31/2007 compared to 1/1/2006 - 12/31/2006

Closed Sales 2007: 95                                          Closed Sales 2006: 83
Avg.Sale Price: $267,068                                      Avg. Sale Price: $287,364
$/Sq.Ft.: $149                                                      $/Sq.Ft.: $157
DOM: 64                                                              DOM: 67

Comparing last year to this year sales were up by 14.5%, prices were down by 7.1% and the average per sq.ft. price is down 6.1%. In one way it looks as though sales are picking up in Portland, even though prices are down. I would say Portland is a town that a buyer should definitely consider when looking for a home.

Glastonbury Market Report for Dec. 2007 and a Comparison with 2006

Marabeth Gildersleeve (Prudential Ct. Realty) — Thu, 03 Jan 2008 13:29:41 -0800

Glastonbury Market Report for December 2007 and Year End Comparison to 2006

Residential Market for December

For the month of December 2007, there were 148 listings on the market, which is a decrease from 178, which has been more the norm. There were 24 new lstings that came on the market in Dec., 19 went under deposit and there were 16 closed sales. Below you can see the comparison to what happened in December 2006:

Closed Dec.2007: 16                                        Closed Dec.2006:   36
Avg. Sale Price: $394,813                                 Avg. Sale Price: $443,879
$/Sq.Ft.: 181                                                   $/Sq.Ft.: $183
DOM: 61                                                         DOM: 58

Closed sales were down 56% this December compared to last and average sale prices
were down 11.1%. Some of the change may be because of the weather that we had this December.

Residential Market for 1/1/2007 - 12/31/2007 compared to 1/1/2006 - 12/31/2006

Closed 1/1/2007-12/31/2007: 368                    Closed 1/1/2006 - 12/31/2006:   387
Avg.Sale Price: $449,247                                  Avg. Sale Price: $435,300
$/Sq.Ft: $181                                                  $/Sq.Ft: $185
DOM: 55                                                         DOM: 49

Number of sales were down 4.1%, but prices were up 3.2%. Glastonbury seems to be holding fairly steady and is bucking the trend that you see in some other markets.

Condominium Market for December

For the month of December there were 41 active listings, 6 were new to the market, 3 went under deposit and there were 4 closed sales. Below is the comparison between December 2007 and December 2006:

Closed Dec.2007: 4                                       Closed Dec. 2006: 14
Avg.Sale Price: $217,125                                Avg. Sale Price: $215,108
$/Sq.Ft.: $163                                               $/Sq.Ft.: $160
DOM: 40                                                       DOM: 50

Although closed sales were down 71.4%, prices were up 1%, which is not too significant.

Condominium Market for 1/1/2007-12/31/2007 compared to 1/1/2006 - 12/31/2006

Closed 1/1/2007 - 12/31/2007: 152                 Closed 1/1/2006 - 12/31/2006: 192
Avg. Sale Price: $207,587                               Avg.Sale Price: $204,001
$/Sq.Ft.: $164                                               $/Sq.Ft: $163
DOM: 47                                                       DOM: 47

Number of condominium sales were down significantly, by 20.8% and prices were up by
2%. The condo market does not seem to be faring as well as the residential market, but again prices have not gone down.

New Listing in Portland

Marabeth Gildersleeve (Prudential Ct. Realty) — Fri, 28 Dec 2007 09:44:38 -0800

Welcome to 12 Elizabeth Rd

Located on a quiet cul-de-sac street within walking distance to downtown, this cape is a great place to start out. Offering 1476 square feet of living space, with 2 full updated baths this is more than a starter home at a fantastic price! As you enter the front door, there is a foyer with slate floors and a coat closet. More open than your typical cape, there is a living room(11x17) with a fireplace and bookshelves open to a dining room (10x13) with a built in hutch and ceiling fan. Under the carpets, there are hardwood floors. The kitchen (11x11) is eat-in has new tile floors and has lots of cabinets for storage. There is also a door to a (12x16) new Trex deck overlooking the terraced backyard with stone walls, woods and storage shed. The first floor also has a bedroom (10x11) with wood floors. Upstairs there are 2 large bedrooms (13x17), each with skylights as well as a beautiful updated bath. Thre is also a cedar closet and more storage areas. Under the carpet in one bedroom there is hardwood. This cape also offers a new furnace and a security system and new windows upstairs. The garage is new and offers a garage door opener. Be sure to set up an appointment today, for this fantastic buy! For More Information visit http://12ElizabethRd.PrudentialCt.com or http://12ElizabethRd.CtRealEstateCorner.com.