Glastonbury Market Statistics - 2008 Year End & January 2009

The Glastonbury market median sales prices were virtually unchanged from 2007 to 2008, moving from $390,000 to $388,000. The number of houses closing decreased by about 15%, from 374 sales in 2007 to 316 sales in 2008 (based on Multiple Listing Service statistics as of January 31, 2009). For the successful sales in 2008, median days-on-market was just 43---well-priced & well-marketed homes continued to sell! The median list price of sold properties remained at $399,900 for both years. The range in prices buyers paid to live in Glastonbury in 2008-- $150,000 to $2,100,000.

As January 2009 comes to a close, there are 133 single-family homes available to purchase. The prices range from a low of $194,900 for a 2 bedroom, 2 bath (1,702 sf) home at 575 Goodale Hill Road to $5,999,000 for a 5 bedroom, 8.1 bath (12,872 sf) home at 392 Woodland Street. The median-priced property is new construction on the New London Turnpike: 4 bedrooms, 3 baths & 2,433 sf offered at $489,900.

Currently, there are 36 houses under contract in town. The highest-priced is lot 2, Charlton Drive, with an asking price of $982,100 (5 bedrooms, 3.1 baths, 4,522 sf). The median is 73 Woodfield Crossing, priced at $329,000 (3 bedrooms, 2.1 baths, 1,750 sf). The lowest-priced is 194 Weir Street, asking $199,900 (3 bedrooms, 2.1 baths, 1,128 sf).

For more information on the value of your home in this market, contact Brent today by cell (860-614-8927) or by email (brentbell@remax.net). You can find this blog directly by visiting www.MyCTRealEstateBlog.com.

If you want the approximate value of your home, and are not ready to be contacted by an agent, visit www.MyHartfordAreaRealtor.com . Fill out as much detail as possible about your house. Brent will respond by email only (unless you request a phone call) with an estimate of your home's current value within 24 hours of your request!