Tax Credit Works in Glastonbury for 2009, Units Sold Almost Catches 2008 Numbers!

By
Real Estate Agent with RE/MAX Premier, Realtors
https://activerain.com/droplet/54Y

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 Club Road: 3 bedrooms, 2.1 baths & 2,533 sf built in 2002 & offered at $459,000.

Currently, there are 32 houses under contract in town. The highest-priced is 96 Chatham Hill Road, with an asking price of $879,900 (5 bedrooms, 4.2 baths, 4,869 sf, built in 1999). The median is 21 Barrington Way, priced at $354,900 (4 bedrooms, 2.1 baths, 2,534 sf, built in 1989). The lowest-priced is 1899 Chalker Hill, asking $144,900 (3 bedrooms, 1 bath, 1,015 sf, built in 1932).

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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Brent Bell

CRS, e-PRO, GRI, Hartford County
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