Market Update for Glastonbury for February 2007

By
Real Estate Agent with Prudential Ct. Realty

Glastonbury Market Report for Februaury 2007

  

Residential

 

In Glastonbury for the month of February there 42 new listings coming on the market, 25 homes went under deposit and there were 15 closed listings.  The average sold price was $430,826 and the median sale price was $426,00.  Homes were on the market for an average of 51 days and they sold for 97.45% of their final asking price.  These figures don't take into account any price adjustments that were made on the homes while they were listed.  At the end of February there were 179 active listings, which means that Glastonbury has a 7 month supply of inventory.

Compared to last month the number of  deposits went down by 5 and the number of closed sales went from 22 in January to 15 in February.  In January homes were on the market for an average of 41 days and in February they were on for an average of 51 days.

Looking at February 2006 there were 21 closed sales with an average sale price of $362,176 and a median sale price of $345,000.

Condominiums

There were 12 new condo listings that came on the market in February, 13 went under deposit and 10 closed.  The average sale price was $215,525 and the median sale price was $215,500.  Condos were on the market for an average of 57 days and they sold for 98.19% of their final asking price.  There were 39 active listings at the end of February. 

Compared to January, the number of condo listings is down from 46 to 39,  deposits went up from 11 to 13 and closed sales went from 5 to 10.  Average sale prices went from $177,500 in January to $215,525 in February.

Compared to February of last year closed sales are still down from 16 in 2006 to 10 in 2007.  Average price went from $189,950 in 2006 to $215,525.

Again overall condo sales still seem to be holding their own.

  

  

  

  

 

  

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Marabeth Gildersleeve

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