Bolton, CT Market Report: 2011 In Review

2011 was a better year for home sellers in Bolton, CT than many others in the state. 49 homes in Bolton, CT sold through the year. Although that may not sound like a large amount, it is up 40% from 2010. The average sales price in Bolton is also up 15% over 2010 at $275,826.

Should the trend continue, 20% of the 21 homes currently on the market in Bolton will sell in any given month. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at. In 2011, 25 homes in Bolton expired – leaving the odds of successfully selling at 66%.

What does that mean to you as a Bolton home seller? If you are considering going market, you will have to be very realistic about the value of your home. You only have a 66% shot at selling your home at all. How do you make it happen in this market? By offering the buyers the best value available on the market. An experienced CT realtor can guide you through this.

Short sales and foreclosures in Bolton in 2011: Out of all sold homes in 2011 6% were short sales and 4% were bank owned (foreclosed). 14% of all currently listed homes short sales, while 5% of homes are bank owned – making distressed homes 19% of the current inventory in Bolton, CT. This figure is quite high compared to many CT towns.

What will 2012 hold? Only time will tell.

FIND AN EXPERIENCED BOLTON, CONNECTICUT REALTOR.