Posted by Linda Edelwich on Monday, July 31, 2023 at 11:37:01 AM By Linda Edelwich / July 31, 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:
There are 34 available homes on the market in Glastonbury. Per MLS in Glastonbury: there are now 4 homes listed under 400k. 8 homes are listed in the 400-500k range and 5 homes are listed in the 500-600k range. 2 homes are listed in the 600-699k range and 2 homes are listed in the 700-800. 2 homes are listed in the 800's and 6 are in the 900's. Lastly, 5 homes are listed over 1million. This time last year we had about 187 closed home sales and average price per square foot was $230. Year to date we are at about 156 closed home sales and an average price per square foot of $249 w/homes selling about 5% over-asking.
Glastonbury's condo market update:
Currently, there are 5 condos on the market in Glastonbury. Year to date; 47 condo have closed with an average price per square foot of: $223 and a 6% on average over-asking sales price. This time last year, we had about 68 closed condo sales. The average price per square foot was $203. and condos sold about 4% over-asking. What does that data tell us? The demand is still there but the inventory is lacking.
Pro-tipGet ready now for a fall market. There are things you need to do now to ensure a smooth transaction with your potential buyer purchasing in the fall months. It is really never too early for you to start the conversation. As professionals, Realtors know exactly what needs to be done now to ensure the best possible outcome for you and your home sale. Same holds true if you are thinking about a 2024 Spring sale. You may have a punch list of upgrades and repairs you think is important but will have no effect on your sale. Experienced Realtors can save you money and guide you to making smart ROI decisions. Buyers are still out there. Let's get you ready now so you can clean up in the fall!
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