Glastonbury CT Market Update
Ask any active Realtor and they will tell you that 2012 has been much better than 2011. Here’s a snap shot of the year-to-date Glastonbury CT Market Update.
Price Range: $100,000 to $2,000,000 | Properties: Single Family Home
Property Sales
August Property sales were 32, up 3.2% from 31 in August of 2011 and -17.9% lower than the 39 sales last month. August 2012 sales were at their highest level compared to August of 2011 and 2010. August YTD sales of 224 are running 21.1% ahead of last year's year-to-date sales of 185.
Prices
The Median Sales Price in August was $361,800, down -2.2% from $370,000 in August of 2011 and up 13.1% from $320,000 last month. The Average Sales Price in August was $459,350, up 12.4% from $408,529 in August of 2011 and up 17.6% from $390,537 last month. August 2012 ASP was at highest level compared to August of 2011 and 2010.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The August 2012 Selling Price per Square Foot of $179 was up 8.5% from $165 last month and up 13.3% from $158 in August of last year.
Ready to buy or sell this Glastonbury CT Market Update will help you understand the current market conditions. Then contact Your Central CT Realtor, schedule an appointment to discuss your real estate needs.
Footnote: Based on information from Connecticut Multiple Listing Service, Inc. for the period 9/1/2009 through 8/31/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
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