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About Middlesex County, CT

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Portland CT: Average price of sold properties & the price per square foot range.

02-12-12
Linda Edelwich
Linda Edelwich: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 818-3610 x146
  • Mobile: (860) 818-3610

Portland CT: Average price of sold properties and the price per square foot range.

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

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

DescriptionFeb 11Mar 11Apr 11May 11Jun 11Jul 11Aug 11Sep 11Oct 11Nov 11Dec 11Jan 12Feb 12
Sold Average Price 239 218 208 308 212 202 214 195 245 207 270 139
Price per Sq Feet 155 121 127 139 146 165 131 121 129 132 142 130

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Preparing for the spring market here in East Hampton CT

02-12-12
Linda Edelwich
Linda Edelwich: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 818-3610 x146
  • Mobile: (860) 818-3610

As we prepare for the spring market here in East Hampton CT, I prepared a market analysis of the current market from Feb 2011 through Feb 2012.

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

The Median Sales Price for East Hampton CT in January was $351,000, up 39.7% from $251,250 in January of 2011 and up 63.3% from $214,950 last month. The Average Sales Price in January was $332,180, up 20.9% from $274,733 in January of 2011 and up 42.4% from $233,217 last month. January 2012 ASP was at highest level compared to January of 2011 and 2010.

east hampton real estate market

This view of the East Hampton CT 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 24, up 166.7% from 9 last month and up 84.6% from 13 in January of last year

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New Listing! 26 Rustic Terrace, Portland CT

02-01-12
Linda Edelwich
Linda Edelwich: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 818-3610 x146
  • Mobile: (860) 818-3610
Location is Key!


Overview
Maps
Photos
Description
Tour
Neighborhood
$399,900
Single Family Home
Main Features
4 Bedrooms
2 Bathrooms
1 Partial Bathroom
Interior: 2,853 sqft
Lot: 1.17 acre(s)
Location
26 Rustic Terrace
Portland Ct, CT 06480
USA

To get updates on open home dates and other property events, please click the "Like" button below:
linda edelwich

 linda edelwich

(860) 8183610
lae135@cox.net
http://activerain.com


Listed by: Linda Edelwich, Coldwell Banker
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Market Trends of East Hampton CT

01-28-12
Jamie R. Bell, GRI Your Central CT Realtor
Jamie R. Bell, GRI Your Central CT Realtor: Real Estate Agent in Glastonbury, CT
  • view my blog
  • Office: (860) 633-3661 x170
  • Mobile: (860) 604-8459

East Hampton is a mid-sized Central CT town with a population of approximately 13,000 residents. The town features one of Connecticut's largest inland bodies of water, Lake Pocotopaug and offers state parks and forests. Considering a move? Check out the real estate Market Trends for East Hampton CT.

Market Profile & Trends OverviewMonthLML3MPYMLYYTDPriorYTDPriorYear
Median List Price of all Current Listings $304,900 0% 9%
Average List Price of all Current Listings $331,145 -4% 2%
December Median Sales Price $214,950 -1% -1% -19% -17% $240,000 -7% -7%
December Average Sales Price $233,217 5% 4% -15% -16% $258,883 -6% -7%
Total Properties Currently for Sale (Inventory) 100 -9% -10%
December Number of Properties Sold 6 -50% 20% 109 -5%
December Average Days on Market (Solds) 113 17% 18% 43% 41% 95 20% 19%
Asking Price per Square Foot (based on New Listings) $170 13% 7% 11% 4% $161 -2% -1%
December Sold Price per Square Foot $142 -13% -1% -17% -5% $145 -3% -3%
December Month's Supply of Inventory 16.7 82% 25% -25% 4% 14.4 -10% -10%
December Sale Price vs List Price Ratio 95.9% 1.2% 0% 1% -1.1% 95.5% -1.5% -1.5%

* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date

Trends are for single family homes between $100,000 - 2,000,000

Property Sales

December Property sales were 6, up 20.0% from 5 in December of 2010 and -50.0% lower than the 12 sales last month. December 2011 sales were at their highest level compared to December of 2010 and 2009. December YTD sales of 109 are running -5.2% behind last year's year-to-date sales of 115.

Prices

The Median Sales Price in December was $214,950, down -18.9% from $265,000 in December of 2010 and down -1.2% from $217,500 last month. The Average Sales Price in December was $233,217, down -15.1% from $274,800 in December of 2010 and up 5.1% from $221,992 last month. December 2011 ASP was at the lowest level compared to December of 2010 and 2009.

Inventory & MSI

The Total Inventory of Properties available for sale as of December was 100, down -9.1% from 110 last month and down -9.9% from 111 in December of last year. December 2011 Inventory was at the lowest level compared to December of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2011 MSI of 16.7 months was at its lowest level compared with December of 2010 and 2009.

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 113, up 16.5% from 97 days last month and up 43.0% from 79 days in December of last year. The December 2011 DOM was at its highest level compared with December of 2010 and 2009.

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 $142 was down -13.4% from $164 last month and down -16.5% from $170 in December of last year.

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 95.9% was up from 94.8% last month and up from 94.6% in December of last year.

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 9, down -47.1% from 17 last month and equal to 9 in December of last year.

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Continuing Education Classes - Spring 2012

01-23-12
George Souto
George Souto : Mortgage Company in Middletown, CT
  • view my blog
  • Office: (860) 573-1308
  • Mobile: (860) 573-1308

If you are a Connecticut Realtor and need to take Continuing Education Class this year, the Middlesex Chamber of Commerce along with the Midd-Shore Real Estate School, will be making several classes available in late March and early April.

  • March 20, 9 am to noon - CT Real Estate Agent Fiduciary Duties and Law Updates.
  • March 20, 1 pm to 4 pm - Code of Ethics
  • March 27, 9 am to noon - Risk Management
  • March 27, 1 pm to 4 pm - Ct Real Estate Agent Fiduciary Duties and Law Updates.
  • April 5, 6 pm to 9 pm - Ct Real Estate Agent Fiduciary Duties and Law Updates.

All classes will be held at the Middlesex County Chamber of Commerce, 393 Main Street, Middletown, CT. Cost for all classes $35.

There will be limited seating, so make sure that you register early to reserve your spot.

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Who To Call For Your Mortgage Needs In Connecticut:

George Souto NMLS# 65149 is a Loan Officer who can assist you with all your FHA, CHFA, and Conventional mortgage needs in Connecticut. George resides in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Higganum, Haddam, East Haddam, Chester, Deep River, and Essex. George can be contacted at (860) 573-1308 gsouto@mccuemortgage.com, or visit my McCue Mortgage Homepage.

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