South Windsor CT Market Report for December 2011

South Windsor CT Market Report for December 2011

The number of closed sales in South Windsor CT was up in December over the previous month (17 closed sales in December compared to 13 closed sales in November). The median price was also up from $240,000 in November to $249,900 in December.

However, compared to last December, both number of closed sales and median price were down. Last December showed 26 closed sales and a median price of $256,000. The only bright spot there was that the number of homes sold over $400,000 remained the same. Here is the breakdown by price range:

Price Range	December2011	December 2010
Under $100,000	-	-
$100,000-$149,999	1	1
$149,999-$199,999	3	7
$200,000-$249,999	5	4
$250,000-$299,999	1	4
$300,000-$349,999	3	2
$350,000-$399,999	1	5
Over $400,000	3	3
Total	22	29

Like many other towns, South Windsor's median price and number of closed sales have had their ups and downs this year as shown in the table below:

Month	# of Closed Sales	Median Price
December	17	$249,900
November	13	$240,000
October	14	$275,000
September	16	$313,385
August	25	$240,000
July	20	$285,900
June	21	$259,900
May	20	$218,500
April	17	$220,000
March	8	$237,250
February	7	$305,000
January	14	$251,500

But the really interesting aspect of the South Windsor real estate market is that there are currently just 75 homes on the market. Given that there are 17 homes under contract and 13 houses under deposit, the absorption rate in South Windsor CT is just 6.2 months, which is one of the lowest absorption rates around.

If you are interested in finding a home in South Windsor CT, the homes range from $16,500 for a two-bedroom, 1.1-bath, 520 sq. ft. mobile home to a $1.3 million for a six-bedroom, two-bath, 3054 sq. ft. colonial on 75 acres. The median price is $269,900, with 30 homes for sale between $200,000 and $300,000, so if that's your price range, you have some options. However, with the limited inventory, buyers will need to be competitive in their offers, especially if the property is in a good location and in good condition.

If you are thinking about putting your home on the market, there will be less competition so you can expect that your home won't be on the market long, especially if you price it well.

Whether you are thinking about buying or selling in South Windsor CT, please give me a call. I would be glad to help you achieve your goals.