Bolton CT Market Report for September 2011
What's going on in Bolton CT? Bolton is a small town with rural character; as a small town, there is usually not much activity in real estate sales in Bolton. It's not uncommon to see two or three closed sales in a month. But in September 2011, there were 9 closed sales, with a median price of $265,000; in September 2010, there were just 2 closed sales, with a median price of $216,750.
So what's is going on in Bolton? Is word getting out that it's a great place to live? Bolton has easy access to Hartford, the University of Connecticut, and Eastern Connecticut State University; it is also close to all the shopping conveniences of Manchester and South Windsor. Yet people who live in Bolton enjoy the peace and quiet of rural living. It's the best of both worlds.
Is it because people are hearing about the school system in Bolton, which is known for quality education, small student population, and the close-knit relationships? Bolton recently completed an addition to the high school which vastly improved space and facilities--further evidence of Bolton's commitment to education.
Whatever the cause, nine closings in one month in Bolton is remarkable. What else is remarkable is that there are only 28 homes on the market with a median price of $276,900. There are also two houses under contract and six houses under deposit, which means that there is just four months of inventory in Bolton. This is very good news for sellers.
As a recap, here is the activity by month for the year so far:
| Month | # of Closed Sales | Median Price |
| September | 9 | $265,000 |
| August | 2 | $289,500 |
| July | 7 | $255,000 |
| June | 6 | $278,600 |
| May | 2 | $384,000 |
| April | 3 | $287,500 |
| March | 3 | $239,900 |
| February | 3 | $234,900 |
| January | 1 | $340,000 |
If you are interested in seeing what is on the market in Bolton, you can enter your criteria when you search for homes in Bolton CT. Please give me a call if you would like help with your search.
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