Breaking down the real estate headlines and MLS stats so you, the local homeowner, can stay informed on what matters to our hyper-local Glastonbury market
Breaking down the real estate headlines and MLS stats so you, the local homeowner, can stay informed on what matters to our hyper-local Glastonbury market.
The sellers who can get on the market ahead of the spring market, will likely do very well this winter. The weather is much warmer than expected and BUYERS are ready to purchase. Rates are more favorable than the last half of 2022 making this winter a great time to get your house ready and get on the market ahead of the competition.
Having a properly prepared house is key to attract buyers and secure a solid offer. Buyers want as "move-in" ready as possible. Experienced local Realtors know which key updates bring in the highest return on money spent.
Sales of single-family homes
There are 27 available homes on the market in Glastonbury of which 15 are new construction homes leaving just 12 pre-loved homes available in Glastonbury. In 2022, 347 homes sold in Glastonbury. Median sales price was $475,000 - that is up from $425,000 in 2021 and $400,000 in 2020.
Homes priced 400-600k are red hot and will likely see more buyer activity. 600-700k is a highly attractive price point as well. And last year, we saw an increase in homes selling over 800k as compared to previous years of 2020 and 2021.
Sales of condos
Currently, there are 4 available condos on the market in Glastonbury. There are 6 condos under contract waiting to close. 104 condos sold in 2022 in Glastonbury. Sales are averaging 5% over-ask. Thinking of selling your condo? I would not wait. With homes prices pushing upwards, condos in Glastonbury offer a great value for homeownership with attractive purchase price range for buyers. Not to mention the potential of making a good investment for rental potential in the future should you decide to later buy a home and hold your condo investment.