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Home Glastonbury CT Condo Market Study report -...

Glastonbury CT Condo Market Study report - preparing for the spring market

As we prepare for the spring market here in Glastonbury ct, I prepared a market analysis of the current Condo market from Feb 2011 through Feb 2012.

If you are looking to sell or buy a condo here in Glastonbury CT, be sure to call me for up to the minute trends and inventory.

MonthLML3MPYMLYYTDPriorYTDPriorYear
Median List Price of all Current Listings $279,900 17% 27%
Average List Price of all Current Listings $283,029 -5% 11%
January Median Sales Price $180,000 -13% 0% 35% 9% $180,000 35% 9%
January Average Sales Price $180,000 -28% -18% 26% -4% $180,000 26% -4%
Total Properties Currently for Sale (Inventory) 51 -14% -9%
January Number of Properties Sold 2 -71% -80% 2 0%
January Average Days on Market (Solds) 132 55% 42% 23% 35% 132 23% 35%
Asking Price per Square Foot (based on New Listings) $166 6% 1% -5% 4% $166 -5% 4%
January Sold Price per Square Foot $134 -10% -4% 0% -5% $134 0% -5%
January Month's Supply of Inventory 25.5 203% 41% 355% 96% 25.5 355% 96%
January Sale Price vs List Price Ratio 97.4% 3.2% 1% 1% 1.4% 97.4% 1.1% 1.3%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

The Median Sales Price in January was $180,000, up 35.3% from $133,000 in January of 2011 and down -12.6% from $206,000 last month. The Average Sales Price in January was $180,000, up 25.5% from $143,390 in January of 2011 and down -28.0% from $249,986 last month. January 2012 ASP was at a mid range compared to January of 2011 and 2010.

glastonbury ct condo market

Inventory / New Listings / Sales

This look at 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 January 2012 was 13, up 62.5% from 8 last month and up 30.0% from 10 in January of last year

glastonbury condo market

Posted Sunday Feb 12