Marlborough is a small rural Central CT community with a population of approximately 6,300 residents and 200 small businesses. This scenic community is located less than 25 miles Southeast of Hartford and offers welcoming neighborhoods, a lake community with town beach and an overall scenic beauty. Considering a move? Check out the real estate Market Trends for Marlborough CT.
| Median List Price of all Current Listings | $285,000 | -4% | -12% | |||||
| Average List Price of all Current Listings | $327,380 | -2% | -25% | |||||
| December Median Sales Price | $210,000 | -49% | -42% | -40% | -20% | $266,000 | 0% | 1% |
| December Average Sales Price | $293,100 | -29% | -22% | -10% | 3% | $334,078 | 17% | 18% |
| Total Properties Currently for Sale (Inventory) | 51 | -15% | 21% | |||||
| December Number of Properties Sold | 5 | 25% | -38% | 47 | -20% | |||
| December Average Days on Market (Solds) | 94 | 6% | 27% | -2% | 38% | 83 | 24% | 22% |
| Asking Price per Square Foot (based on New Listings) | $123 | -18% | -12% | -35% | -27% | $146 | -15% | -14% |
| December Sold Price per Square Foot | $126 | -5% | -13% | -3% | -11% | $142 | -1% | 0% |
| December Month's Supply of Inventory | 10.2 | -32% | -35% | 94% | 0% | 19.9 | 95% | 95% |
| December Sale Price vs List Price Ratio | 97.0% | 2.1% | 1% | -2% | 1.9% | 96.0% | 0.6% | 0.9% |
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Trends are for single family homes between $100,000 - 2,000,000 |
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Property Sales December Property sales were 5, down -37.5% from 8 in December of 2010 and 25.0% higher than the 4 sales last month. December 2011 sales were at a mid-level compared to December of 2010 and 2009. December YTD sales of 47 are running -20.3% behind last year's year-to-date sales of 59. |
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Prices The Median Sales Price in December was $210,000, down -39.9% from $349,200 in December of 2010 and down -49.0% from $411,450 last month. The Average Sales Price in December was $293,100, down -10.2% from $326,213 in December of 2010 and down -29.1% from $413,475 last month. December 2011 ASP was at a mid-range 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 51, down -15.0% from 60 last month and up 21.4% from 42 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 94, up 5.6% from 89 days last month and down -2.1% from 96 days in December of last year. The December 2011 DOM was at its lowest 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 $126 was down -5.3% from $133 last month and down -3.1% from $130 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 97.0% was up from 95.0% last month and down from 99.3% 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 12, up 20.0% from 10 last month and up 500.0% from 2 in December of last year. |
Discover the beauty, peaceful settings and inviting community... Market Trends for Marlborough CT!
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