FREE Market Action report for S Windsor. March 2012-2013.

By
Real Estate Agent with Coldwell Banker Residential Brokerage

FREE Market Action report for S Windsor. March 2012-2013.FREE Market Action report for S Windsor. March 2012-2013.

 Free Market Action Report for S Windsor, March 2012-March 2013.

 

Property Sales

 

February Property sales were 9, up 12.5% from 8 in February of 2012 and -40.0% lower than the 15 sales last month. February 2013 sales were at their highest level compared to February of 2012 and 2011. February YTD sales of 24 are running 84.6% ahead of last year's year-to-date sales of 13.

 

Prices

The Median Sales Price in February was $245,000, up 14.0% from $214,950 in February of 2012 and up 1.9% from $240,500 last month. The Average Sales Price in February was $306,444, up 29.1% from $237,363 in February of 2012 and up 16.9% from $262,113 last month. February 2013 ASP was at a mid-range compared to February of 2012 and 2011.

 

 

Inventory & MSI

The Total Inventory of Properties available for sale as of February was 60, down -11.8% from 68 last month and down -26.8% from 82 in February of last year. February 2013 Inventory was at the lowest level compared to February of 2012 and 2011.

 

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The February 2013 MSI of 6.7 months was at its lowest level compared with February of 2012 and 2011

 

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 February was 96, up 37.1% from 70 days last month and up 123.3% from 43 days in February of last year. The February 2013 DOM was at its highest level compared with February of 2012 and 2011.

 

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 February 2013 Selling Price per Square Foot of $136 was down -2.2% from $139 last month and up 2.3% from $133 in February of last year.

 

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 February 2013 Selling Price vs. List Price of 98.4% was up from 96.1% last month and up from 96.0% in February of last year.

 

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 February 2013 was 15, down -31.8% from 22 last month and down -48.3% from 29 in February of last year.

 

 FREE Market Action report for S Windsor. March 2012-2013.

 

Posted by

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

481 Buckland Rd, South Windsor, CT 06074

www.WeNeedANewHouse.com

                                                        

 

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Comments (6)

Ed & Tracy Oliva
West USA Realty - Arizona - Fountain Hills, AZ
The Oliva Team Arizona Agents

T     This is some great Info for all in your area,  keep up the good work and good luck with your business in 2013,  E

Mar 08, 2013 08:16 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Tatyana, a very detailed market report. You certainly are on top of the South Windsor real estate market

Mar 08, 2013 08:31 PM
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Tatyana.... nice market report....looks like you're in a seller's market in South Windsor....

Mar 08, 2013 08:35 PM
David Popoff
DMK Real Estate - Darien, CT
Realtor®,SRS, Green ~ Fairfield County, Ct

Tatyana a very nice and concise market report, well done, looking forward to the spring market.

Mar 08, 2013 11:00 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Tatyana - Thank you for sharing detailed information about free market action report for South Windsor, CT. March 2012-2013.

Mar 08, 2013 11:34 PM
Tatyana Makarov
Coldwell Banker Residential Brokerage - South Windsor, CT
Your Greater Hartford Area Realtor

Thank you all for your nice comments... I really appreciate it.

Mar 13, 2013 08:25 AM