Bolton CT Real Estate Market Report-April 2014

By
Real Estate Broker/Owner with Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington 0788174

Great Schools rated Bolton Public Schools 9, with 10 as the highest.

The Town of Bolton offers one of the finest schools in Connecticut.

The suburban community inherent in Bolton makes it an ideal place for people who wants to be close to the hustle and bustle of the city without compromising the desire to live in a more relaxed and rural setting.

Bolton's proximity to Manchester and Vernon provides convenience to access shopping centers and other retail stores and small-scale shops.

 

Currently, there are 33 properties for sale in Bolton Connecticut. Out of this number, the average listing price is $344,730 with average square feet of 2,148, 3 bedrooms and 2 bathrooms.

Bolton CT Homes for Sale

 

There are currently 12 properties under contract. The average listing price for these units is $255,713 with average square feet of 1.844, 3 bedrooms and 1 1/2 bathrooms. Given the data specific to the active listings and the homes under contract for this month, there is a huge difference on the average list price and square feet between the two. This means that more expensive and bigger homes are added to the inventory

Bolton CT Homes Under Contract

 

Only one residential home was sold in February and 5  in March. The only sold home in February was listed for $599,900 and was sold for its listed amount. This home has 3,300 square feet, 4 bedrooms and 2 1/2 bathrooms.

In March, the average listing price $342,320 with 2,563 square feet, 3 bedrooms and 2 bathrooms. The average sold price is $326,000. The average days on the market is 86 days. The average ratio of sold price to listing price is 92.9%.

This means that there is a 7.1% difference between the average listing price and the sold price.

Bolton CT Sold Homes

Bolton CT Sold Homes

 

Using a four-month sales history, the current absorption rate is 5.75.  At this rate, the inventory of 33 properties will be depleted within 6 months.

Start Searching Residential Homes in Bolton Connecticut

 

Posted by

        Maria Gilda Racelis 

      "I Always Strive to Make a Difference."

         Serving Hartford, Tolland and Middlesex Counties

Phone: 860-995-9473

Email: mariagracelis@gmail.com

mariaracelis.com

 

 

 

 

 

 

Comments (11)

Ed (Edward) Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Maria, an excellent absorption rate for Bolton CT, and wit it's school system being so highly rated it offers a very fine quality of life for residents. Well done

Apr 28, 2014 03:50 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Maria, Bolton is an excellent town to purchase a home and raise a family in.  A school rating that high is even more of a reason to consider Bolton the place to purchase a home.

Apr 28, 2014 05:52 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Maria

Having an outstanding school system in Bolton Connecticut is a big plus for the buyers.

Good luck and success.

Lou Ludwig 

Apr 28, 2014 09:20 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Maria. I just got an appraisal in on a refinance, thinking that the vale would come in at $350,00, but the actual value came in at $400,000. Value in Bolton are really doing very well.

Apr 28, 2014 08:04 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

In our market that kind of absorption time means a balanced market. I hope your spring market will be very active.

Apr 28, 2014 09:53 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Maria, thanks for the update for the Bolton CT Real Estate Market.

Apr 28, 2014 10:08 PM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

Hi Maria. School Choices are the top priority for many families these days. Excellent Reporting on your market and the top rated schools in the area.

Apr 28, 2014 11:03 PM
Roy Kelley
Retired - Gaithersburg, MD

This is good information for prospective home buyers. Have a most productive spring.

Apr 28, 2014 11:27 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Maria, great news to see Bolton Schools rated so high, as this is so important to most buyers.  Great market report!

Apr 28, 2014 11:31 PM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Living in an area of Florida that cares about schools (not the usual in FL I promise you) this is something to be proud of.

Apr 29, 2014 01:38 AM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Maria.  86 DOM means it is a seller's market for sure.

Apr 29, 2014 07:26 AM