Posted by Linda Edelwich on Tuesday, June 20, 2023 at 10:52:10 AM By Linda Edelwich / June 20, 2023 Comment
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.
Glastonbury's single-family home update:
This week, there are 38 available homes on the market in Glastonbury. This is another good week of new listings! Buyers are still out looking for homes so the increase in the new homes on the market is exciting! Here are my newest listings on Glastonbury - these will be ready for showings this weekend:
**49 Crosby Road $1,299,000
**45 Balsam Landing $764,900
**115 Olde Wood $500,00
**36 Lenox Drive $434,900
Per MLS in Glastonbury: we do not have a single listing under 300k although we now have 2 homes listed in the 300-400k range. 5 homes are listed in the 400-500k range and 6 homes are listed in the 500-600k range. 5 homes are listed in the 600-699k range and 2 homes are listed in the 700-800. 1 home is listed in the 800's and 10 homes are listed in the 900's. Lastly, 8 homes are listed over 1million.
So far this year, we have seen 117 homes close. The average sales price has risen to $529,042 and about $247.89 price per square foot. Remember, price per square foot is just one factor I use when pricing properties. There is no "one size fits all" when determining how much a home could potentially sell for. It is not that easy. There are quite a few market indicators used. Truly local, experienced Realtors in Glastonbury will know these factors and be able to apply them. We all know by now that Zillow's zestimates are wrong. Only an experienced agent can understand and explain why they are wrong.
Glastonbury 's condo market update:
Currently, there are 5 condos on the market in Glastonbury. There are 8 condos under contract waiting to close. Year to date, we have had 36 condos close. The average list price to sales price ratio is 5% over asking!>>>>>>Do you have a specific question about the market? Feel free to email me at [email protected] or send me a text 860-818-3610<<<<<
Importance of annual and routine maintenance on your home.In this uber-competitive market, where buyers are likely to forgo contingencies, providing all recent receipts/copies of any updates, upgrades, repair receipts and maintenance receipts shows you took care of your home. Buyers appreciate the details and can decide if they wish to still perform inspections.
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