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Manchester Connecticut Condo Sales
Manchester Connecticut Condo Sales
As part of my marketing efforts as an FHA condo approval specialist, I work to compile data for condo sales in various towns in Connecticut.  I try to pick towns that have a lot of condominiums to provide comparison data between projects that are FHA approved condos and those that are not.
Manchester CT Condo Data for 2013
Manchester has 54 condominium projects of which 15 of them are approved with FHA.  (Of those, our office has handled 9 of them.)  Before FHA’s changes in 2011 there were 45 projects on FHA’s Approved Condominiums List.
 
Analysis of Data
I typically divide the listing data into those in FHA-approved condos and those that are in non-FHA projects.  For my business, it’s good to analyze the difference between the two.
In Manchester, condominiums do not have a high closing percentage overall.  In FHA-approved projects just under 60% of the units listed for sale resulted in closed sales.  In non-FHA projects, the rate of closed listings is less than 50%.
This was curious to me so I gathered the data in Manchester for single-family homes in the price range of condominiums ($250,000 and below) to draw a comparison.  In ... more

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