Glastonbury is a desirable Central CT town with a population of approximately 33,000 residents. The town hosts the Annual Apple Festival, features numerous orchards, farm stands, hills and valleys. Located seven (7) miles Southeast of Hartford it offers its residents an abundance of town activities, solid school system and wonderful overall reputation. Considering a move? Check out the real estate Market Trends for Glastonbury CT.
| Median List Price of all Current Listings | $399,900 | 0% | 8% | |||||
| Average List Price of all Current Listings | $511,254 | 4% | -2% | |||||
| December Median Sales Price | $380,000 | 41% | 7% | 23% | 4% | $367,000 | 2% | 0% |
| December Average Sales Price | $444,938 | 28% | 12% | 14% | 6% | $430,542 | 5% | 3% |
| Total Properties Currently for Sale (Inventory) | 161 | -6% | 17% | |||||
| December Number of Properties Sold | 21 | -25% | -16% | 289 | -9% | |||
| December Average Days on Market (Solds) | 78 | 26% | 4% | 8% | 13% | 68 | 0% | -1% |
| Asking Price per Square Foot (based on New Listings) | $188 | -1% | 5% | -5% | 7% | $176 | 1% | 0% |
| December Sold Price per Square Foot | $161 | -6% | -2% | -2% | -3% | $166 | -1% | 0% |
| December Month's Supply of Inventory | 7.7 | 26% | 2% | 39% | 14% | 7.5 | 12% | 12% |
| December Sale Price vs List Price Ratio | 96.6% | -0.5% | 0% | 0% | 0.4% | 96.4% | -0.3% | 0.2% |
Trends are for single family homes between $100,000 - 5,000,000
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Property Sales December Property sales were 21, down -16.0% from 25 in December of 2010 and -25.0% lower than the 28 sales last month. December 2011 sales were at a mid-level compared to December of 2010 and 2009. December YTD sales of 289 are running -9.1% behind last year's year-to-date sales of 318. |
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Prices The Median Sales Price in December was $380,000, up 22.6% from $310,000 in December of 2010 and up 41.0% from $269,450 last month. The Average Sales Price in December was $444,938, up 14.2% from $389,700 in December of 2010 and up 27.7% from $348,455 last month. December 2011 ASP was at highest level compared to December of 2010 and 2009. |
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Inventory & MSI The Total Inventory of Properties available for sale as of December was 161, down -5.8% from 171 last month and up 16.7% from 138 in December of last year. December 2011 Inventory was at highest level compared to December of 2010 and 2009. |
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Market Time The average Days On Market (DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for December was 78, up 25.8% from 62 days last month and up 8.3% from 72 days in December of last year. The December 2011 DOM was at its highest level compared with December of 2010 and 2009. |
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Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The December 2011 Selling Price per Square Foot of $161 was down -6.4% from $172 last month and down -2.4% from $165 in December of last year. |
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Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The December 2011 Selling Price vs Original List Price of 96.6% was down from 97.1% last month and up from 96.2% in December of last year. |
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Inventory / New Listings / Sales 'This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in December 2011 was 26, equal to 26 last month and up 136.4% from 11 in December of last year. |
Come discover all the beauty this Central CT town offers... Market Trends for Glastonbury CT!
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