FREE Market Action Report. South Windsor, CT, July 2011-july 2012

By
Real Estate Agent with Coldwell Banker Residential Brokerage

 

FREE Market Action Report. South Windsor, CT, July 2011-july 2012

FREE Market Action Report. South Windsor, CT, July 2011-july 2012

 

                                     Property Sales

July Property sales were 25, up 19.0% from 21 in July of 2011 and 13.6% higher than the 22 sales last month. July 2012 sales were at their highest level compared to July of 2011 and 2010. July YTD sales of 112 are running 2.8% ahead of last year's year-to-date sales of 109.

FREE Market Action Report, South Windsor. July 2011-July 2012


 

Prices

 

The Median Sales Price in July was $263,900, down -9.6% from $291,900 in July of 2011 and up 12.4% from $234,775 last month. The Average Sales Price in July was $276,632, down -17.1% from $333,798 in July of 2011 and up 2.7% from $269,475 last month. July 2012 ASP was at the lowest level compared to July of 2011 and 2010.

FREE Market Action Report. South Windsor, CT, July 2011-july 2012

 

Inventory & MSI

The Total Inventory of Properties available for sale as of July was 116, equal to 116 last month and up 0.9% from 115 in July of last year. July 2012 Inventory was at highest level compared to July of 2011 and 2010.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The July 2012 MSI of 4.6 months was at its lowest level compared with July of 2011 and 2010.

Free Market Action Report, South Windsor CT, July 2011-2012

 

Market Time

The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 31, down -27.9% from 43 days last month and down -46.6% from 58 days in July of last year. The July 2012 DOM was at its lowest level compared with July of 2011 and 2010

 

FREE Market Action Report. South Windsor CT, July 2011-July 2012

 

Selling Price per Square Foot

The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The July 2012 Selling Price per Square Foot of $141 was up 3.7% from $136 last month and up 0.7% from $140 in July of last year.

FREE Market Action Report for South Windsor CT, July 2011-july 2012

 

Selling Price vs Listing Price

The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The July 2012 Selling Price vs List Price of 98.0% was up from 94.6% last month and up from 96.7% in July of last year.

FREE Market Action Report for South Windsor CT, July 2011-July 2012

 

Inventory / New Listings / Sales

'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in July 2012 was 33, down -8.3% from 36 last month and down -10.8% from 37 in July of last year.

FREE Market Action Report for South Windsor CT, July 2011-July 2012

 

 

If you, or someone you know, are looking to buy their new home in South Windsor, please contact me, Tatyana (860) 648-9270. I will be happy to assist you in buying your dream home.

homes for sale in South Windsor. Your buyer & seller agent Tatyana Makarov

 

 

 

 

 

Posted by

  Tatyana, Realtor ABR, SFR (860) 648-9270

481 Buckland Rd, South Windsor, CT 06074

www.WeNeedANewHouse.com

                                                        

 

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Comments (3)

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Some great statistic for South Windsor. Every time I see what goes on in this town, I feel I have done my share to make some of these transactions happen.

Great post!

Aug 11, 2012 05:45 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Tatyana excellent market report.  I am always encouraged when sale go up, because I know if that keeps on happening that the sales prices will follow.

Aug 11, 2012 11:02 AM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Tatyana -- great information to share with buyers and sellers in the South Windsor CT area.

Aug 25, 2012 03:16 AM