The Glastonbury market is looking better in May 2009 compared to May 2008 (but still is far behind year-to-date numbers for 2008)! There were 46 deposits taken during the month of May. The activity varied by market segment, with more sales of homes priced under $450,000 (28 this year versus 16 for the same period last year). During May 2008 there were only 37 deposits taken for single-family homes.
Under $200,000 5
$200,000 to $250,000 0
$250,000 to $300,000 7
$300,000 to $350,000 6
$350,000 to $450,000 10
$450,000 to $550,000 7
$550,000 to $650,000 2
$650,000 to $750,000 7
Over $750,000 2
The number of houses which have closed for the first five months of the year is down significantly! Through the end of May 2009, there were 71 closings, with buyers paying between $101,000 and $950,000 to live in town. The median sale was 521 Tall Timbers Road. This 4-bedroom, 3-bathroom Ranch is situated on a .57 acre lot and was marketed as having 2,066 sf including the finished lower level. The home entered the market at $339,900 and was reduced to $324,900 while on the market for 86 days and finally sold for $310,000.
In contrast, during the first five months of 2008, 145 houses closed in Glastonbury, with prices paid ranging from $165,000 to $2,100,000. The median sale was 351 Marlborough Road, a 4-bedroom, 2 1/2-bathroom Colonial offering 2,062 sf of living space situated on 1.62 acres. This property sold in 4 days for $405,000 (asking price was $399,900).
As of June 10, there are 170 single-family homes available to purchase in town (up from 133 at the end of January). The highest-priced is 392 Woodland, with an asking price of $5,999,000 (12,872 sf). The median is 439 Foote Road, priced at $539,000 (4 bedrooms, 3 baths, 3,208 sf). The lowest-priced is 489 Chestnut Hill, asking $179,900 (780 sf).
For more information on the value of your home in this market, contact Brent today by cell (860-614-8927) or by email (brentbell@remax.net). You can find this blog directly by visiting www.MyCTRealEstateBlog.com.
If you want the approximate value of your home, and are not ready to be contacted by an agent, visit www.MyHartfordAreaRealtor.com . Fill out as much detail as possible about your house. Brent will respond by email only (unless you request a phone call) with an estimate of your home's current value within 24 hours of your request!
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