Stay Informed: Your Ultimate Guide to Understanding Glastonbury's Real Estate Headlines
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.
Sales of single-family homes
There are 23 available homes on the market in Glastonbury. Sounds like a repeat of last week's update. Of these 23 homes, 13 are new construction/1 of which is reviewing offers to purchase so we really have 22 homes for all the buyers looking - and only 10 of those are re-sales. Definitely a repeat of last week. The only change: the actual homes that are available. Throughout the week we see new listings come on MLS and by the time the weekend is over, they are sold leaving us with the same basic inventory totals.
This time last year we had 100 homes closed per MLS. So far this year we have had 96. Compare that to 2021: we had 168 closed. Looking back to 2019, since it was considered to be a more balanced market, we had 154 homes close. Supply simply cannot meet the demand.
In 2019 the median price per square foot was $165 and today, that number has grown to $240!
Per MLS in Glastonbury: We now have 2 homes under 300k and 1 house listed in the 300-400k range. 1 house listed in the 400-500 price point. 2 homes are listed in the 500-600k range. 3 homes are listed in the 600-699k range and nothing listed in the 700-800 price point.. 3 homes are listed in the 800's and 8 are in the 900's. 3 homes are listed over 1million.
Sales of condos
Currently, there are 3 condos on the market in Glastonbury. My condo listing at 8 Copley closed at $375,000. It was a cash offer, no inspections. We had an incredible amount of showings, open house guests and multiple offers. Sellers said the experience was smooth!!
>>>>>>Do you have a specific question about the market? Feel free to email me at [email protected] or send me a text.