Manchester CT Market Report for April 2012

By
Real Estate Agent with Prudential CT Realty

Manchester CT Market Report for April 2012

 

Manchester CT Real Estate

 

Real estate activity was clicking along in Manchester CT during April 2012, with 27 closed sales. While this was down somewhat from March 2012 (32 closed sales), it was up from the previous April (23 closed sales). 

 

On a positive note, however, were median and average price which increased over the prior month as well as over the same period last year. This April, the median price was $160,000 and the average price was $192,070, compared to a median price of $147,400 and an average price of $175,000 in March 2012 and a median price of $155,000 and an average price of $164,313 in April 2011.

 

Also improving were the median and average days on market, with a median of 32 and an average of 71 days this April compared to a median of 52 and an average of 79 last April. 

 

Here is a recap of the statistics:

 

Summary April 2012 April 2011
Closed Sales 27 23
Median Price $160,000 $155,000
Average Price $192,070 $164,313
Median LP/SP Ratio 96.5% 96.8%
Average LP/SP Ratio 94.97% 96.8%
Median DOM 32 52
Average DOM 71 79

In looking at pending sales, there are currently 47 homes under contract and 61 homes under deposit, so the coming months should show good activity as well.

 

If you are looking for a home in Manchester CT, there are currently 254 homes on the market with a median price of $183,400.  Manchester offers plenty of opportunity for first-time homebuyers as well as buyers looking to move up or downsize.  If you are interested in finding out whether your dream home is available, please give me a call.

 

 

 

 

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Peggy Chirico

 

 

Peggy Chirico, REALTOR®
Serving the Greater Hartford Area
Prudential CT Realty
peggychirico@gmail.com

860-748-8900

If you are buying or selling a home in Hartford County or Tolland County, please call me, email me, or visit my website.  I would be happy to help you with your home search or provide a market analysis for your home.

Find your dream home now!

                                                                       

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Comments (4)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Peggy this is in line with several market reports that I have read for April.  Why do you think sales were down in April when that is usually a good month?

May 16, 2012 12:15 PM
Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Peggy -- I had the same in one of my reports. It's up then down then up then down -- we're still seesawing a bit in some towns.  Sales should be looking good for May, though.  Manchester pendings look solid.

May 17, 2012 10:14 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Peggy - it looks like prices are indeed picking up a little up there in what my mother used to refer to as God's Country. Do you sell in Gurleyville as welll??? That is where we lived before Florida - on Cod Fish Falls Rd. 

May 18, 2012 04:49 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Peggy, glad to see your market is heating up, and hope this trend continues throughout the remainder of 2012!

May 18, 2012 11:12 PM

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