2011 was a slow year for home sellers in Marlborough, CT . 54 homes in Marlborough, CT sold in 2011 – a decrease from 2010. However - the average sales price of $310,103 is actually an 11% increase from the sales prices of 2010.

Should the trend continue, just 6% of current market inventory of 70 homes in Marlborough is expected to 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, 72 homes in Marlborough expired unsold – leaving the odds of successfully selling at just 43%. The average listed price of homes currently on market is $348,119 – a 10% difference over the average selling price.

What does that mean to you as a Marlborough, CT home seller? If you are considering going on market, you will have to be very realistic about the value of your home if you wish to successfully sell. You have a lot of competition and just a 43% shot at selling your home at all. How do you make it happen in this market? With an aggressive marketing plan, and most importantly – THE RIGHT PRICE.

Short sales and foreclosures in Marlborough, CT in 2011: Out of all sold homes in 2011 4% were short sales and 12% were bank owned (foreclosed). 11% of all currently listed homes are short sales, while 9% of homes are bank owned – making distressed homes 20% of the current inventory in Marlborough, CT.

FIND OUT THE VALUE OF YOUR MARLBOROUGH CT HOME.