Glastonbury Real Estate Update: Unveiling MLS Stats and Market Insights for Local Homeowners

Breaking down the Glastonbury real estate headlines and MLS stats so you, the local homeowner, can stay informed on what matters to our hyper-local Glastonbury market.

Glastonbury's single-family home update:

This week, there are 30 available homes on the market in Glastonbury. Coming off of a few good weeks of new inventory, 30 seems really low for an inventory total. In the last 7 days we saw 18 homes go under contract. Let's see what Q3 brings!!

Per MLS in Glastonbury: we do not have a single listing under 300k although we now have 3 homes listed in the 300-400k range. 5 homes are listed in the 400-500k range and 4 homes are listed in the 500-600k range. 3 homes are listed in the 600-699k range and No homes are listed in the 700-800. 3 homes are listed in the 800-900 range. 7 homes are listed in the 900's. Lastly, 5 homes are listed over 1million. YTD: Average sales price is $538,326. Average price per square foot is $248

Glastonbury's condo market update:

Currently, there are 3 condos on the market in Glastonbury. There are 5 condos under contract waiting to close. The average list price to sales price ratio is 6% over asking! YTD: Average sales price is $304,809. Average price per square foot is $217

Beware of "I can sell your home fast"....

Faster isn't always better. In fact what if selling your home fast is the opposite of what you want to accomplish? The best Realtors listen to what your needs are and create a timeline that works for you not for them. Realtors have a fiduciary responsibility to always make their clients a top priority

Pro-tip

How much money can a Realtor save you in unnecessary home repairs or updates you think you need but buyers don't care about? Depends on what you want to do. Most homeowners think about putting their home on the market can spend between 5-10k on making some improvements. Ripping out perennial gardens and bushes won't bring the same ROI if you spent that same money on a bathroom or kitchen up-do. Realtors know that adding granite to a kitchen or painting cabinets can bring a bigger return. Painting is always recommended for any personalized color choices you have - always paint, always go neutral. I recommend Balboa Mist by BenMoore if you have warm tones and I recommend Modern Gray SW if you have cooler tones. The old saying that "why should you paint if selling, the buyer will just paint their own colors" maybe that is true, but they will have a harder time putting pen to paper if you have bold colors in every room. Buyers want turn-key homes. The better prepared the better the final sales.

>>>>>>Do you have a specific question about the market? Feel free to email me at [email protected] or send me a text at 860-818-3610<<<<<