Manchester, CT

Manchester CT Homes For Sale - Market Report November 2009

Welcome to Manchester, Connecticut!!  Having a better understanding of Manchester CT Homes For Sale and the current Manchester CT market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester.  To keep you up to date, I have included November 2009's market profile and trend reports for your consideration.

 

Property Sales
November Property sales were 54, up 31.7% from 41 in November of 2008 and -5.3% lower than the 57 sales last month. November 2009 sales were at a mid level compared to November of 2008 and 2007. November YTD sales of 526 are running 7.3% ahead of last year's year-to-date sales of 490.

 

Inventory & MSI
The Total Inventory of Manchester CT Homes For Sale as of November was 242, down -2.8% from 249 last month and down -13.6% from 280 in November of last year. November 2009 Inventory was at its lowest level compared with November of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2009 MSI of 4.5 months was at its lowest level compared with November of 2008 and 2007.

 

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 November was 61, up 27.1% from 48 days last month and down -10.3% from 68 days in November of last year. The November 2009 DOM was at a mid level compared with November of 2008 and 2007.

 

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 November 2009 Selling Price vs Original List Price of 94.2% was equal to 94.2% last month and up from 92.6% in November of last year.

 

Manchester CT Realtor Brian Burke, ABR
RANKED Top 1% Nationally
RANKED Top 10 in CLOSED SALES for 2009 (out of 2,500 agents)
International President's Circle
Coldwell Banker Residential Brokerage
cell:  (860) 798-3272
email:  burkecthomes@gmail.com

P.S.   Are you current on all Manchester CT Homes For Sale?  Are you considering buying or selling a home in Manchester, CT?  Selecting the most experienced agent dedicated to the Manchester, CT area is imperative to promoting your home correctly as a seller or bidding on a home aggressively as a buyer.  Call or email me today to setup a no obligation consultation, and I'll outline each of the many strategies I utilize to gain the best results for my clients.

Cell:  (860) 798-3272
Email:  burkecthomes@gmail.com

Manchester, Connecticut Real Estate Market Report
December, 2009

Welcome to Manchester, CT!! Having a better understanding of the current Manchester real estate market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester. To keep you up to date, I have included December 2009's market profile and trends for your consideration.

Property Sales
December Property sales were 43, up 10.3% from 39 in December of 2008 and -20.4% lower than the 54 sales last month. December 2009 sales were at their highest level compared to December of 2008 and 2007. December YTD sales of 569 are running 7.6% ahead of last year's year-to-date sales of 529.

Inventory & MSI
The Total Inventory of Properties available for sale as of December was 231, down -4.5% from 242 last month and down -14.1% from 269 in December of last year. December 2009 Inventory was at its lowest level compared with December of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2009 MSI of 5.4 months was at its lowest level compared with December of 2008 and 2007.

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 47, down -23.0% from 61 days last month and down -31.9% from 69 days in December of last year. The December 2009 DOM was at a mid level compared with December of 2008 and 2007.

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 2009 Selling Price vs Original List Price of 94.9% was up from 94.2% last month and up from 88.1% in December of last year.

Manchester CT Realtor Brian Burke, ABR
RANKED Top 1% Nationally
RANKED Top 10 in CLOSED SALES for 2009 (out of 2,500 agents)
International President's Circle
Coldwell Banker Residential Brokerage
cell: (860) 798-3272
email: burkecthomes@gmail.com

P.S. Are you considering buying or selling a home in Manchester, CT? How about the Hartford County area? Selecting the most experienced agent dedicated to the Manchester, CT area is imperative to promoting your home correctly as a seller or bidding on a home aggressively as a buyer. Call or email me to setup a no obligation consultation, and I'll outline each of the many strategies I utilize to gain the best results for my clients.

Cell: (860) 798-3272
Email: burkecthomes@gmail.com

Manchester CT Realty Market Report
November 2009

Welcome to Manchester, Connecticut!! Having a better understanding of the current Manchester CT Realty market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester. To keep you up to date, I have included Novembert 2009's market profile and trends for your consideration.

Property Sales
November Property sales were 52, up 26.8% from 41 in November of 2008 and -7.1% lower than the 56 sales last month. November 2009 sales were at a mid level compared to November of 2008 and 2007. November YTD sales of 523 are running 6.7% ahead of last year's year-to-date sales of 490.

Prices
The Median Sales Price in November was $182,000, up 1.2% from $179,900 in November of 2008 and down -1.6% from $185,000 last month. The Average Sales Price in November was $192,117, down -3.7% from $199,497 in November of 2008 and down - 4.0% from $200,099 last month. November 2009 ASP was at the lowest level compared to November of 2008 and 2007.

Inventory & MSI
The Total Inventory of Properties available for sale as of November was 251, down -0.8% from 253 last month and down -10.4% from 280 in November of last year. November 2009 Inventory was at its lowest level compared with November of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2009 MSI of 4.8 months was at its lowest level comparedwith November of 2008 and 2007.

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 November was 61, up 24.5% from 49 days last month and down -10.3% from 68 days in November of last year. The November 2009 DOM was at a mid levelcompared with November of 2008 and 2007.

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 November 2009 Selling Price per Square Foot of $128 was down -2.9% from $132 last month and down -0.8% from 129 in November 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 November 2009 Selling Price vs Original List Price of 93.9% was down from 94.1% last month and up from 92.6% in November 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 November 2009 was 59, down -44.9% from 107 last month and up 13.5% from 52 in November of last year.

For further information about the Manchester CT Realty market check out the latest in state-of-the-art technology and get instant access to fully customized, interactive MLS property reports, packed with LIVE market information, community and school data, plus charts and graphs. The Manchester Market Snapshot helps buyers and sellers understand how much a property is really worth in Manchester, CT by keeping them updated on market conditions and pricing trends so that they can obtain the greatest value in a property.

Just fill in the information below and..... WHALA!!!

Manchester CT Realtor Brian Burke, ABR
RANKED Top 1% Nationally
RANKED Top 10 in CLOSED SALES for 2009 (out of 2,500 agents)
International President's Circle
Coldwell Banker Residential Brokerage
cell: (860) 798-3272
email: burkecthomes@gmail.com

P.S. Are you considering buying or selling a home in Manchester, CT? How about the Hartford County area? Selecting the most experienced agent dedicated to the Manchester, CT area is imperative to promoting your home correctly as a seller or bidding on a home aggressively as a buyer. Call or email me to setup a no obligation consultation, and I'll outline each of the many strategies I utilize to gain the best results for my clients.

Cell: (860) 798-3272
Email: burkecthomes@gmail.com

 

Manchester CT Real Estate Market Report
October 2009

Welcome to Manchester, Connecticut!!  Having a better understanding of the current Manchester real estate market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester.  To keep you up to date, I have included October 2009's market profile and trends for your consideration.

 

Property Sales
October Property sales were 56, up 14.3% from 49 in October of 2008 and 3.7% higher than the 54 sales last month. October 2009 sales were at their highest level compared to October of 2008 and 2007. October YTD sales of 471 are running 4.9% ahead of last year's year-to-date sales of 449.

 

Prices
The Median Sales Price in October was $185,000, up 8.9% from $169,900 in October of 2008 and up 0.5% from $184,000 last month. The Average Sales Price in October was $200,099, up 3.6% from $193,102 in October of 2008 and up 6.1% from $188,513 last month. October 2009 ASP was at a mid range compared to October of 2008 and 2007.

 

Inventory & MSI
The Total Inventory of Properties available for sale as ofOctober was 267, up 8.5% from 246 last month and down -12.5% from 305 in October of last year. October 2009 Inventory was at its lowest level compared with October of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2009 MSI of 4.8 months was at its lowest level compared with October of 2008 and 2007.

 

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 October was 49, down -7.5% from 53 days last month and down -19.7% from 61 days in October of last year. The October 2009 DOM was at a mid level compared with October of 2008 and 2007.

 

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 October 2009 Selling Price per Square Foot of $132 was down -4.2% from $137 last month and up 0.6% from 131 in October 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 October 2009 Selling Price vs Original List Price of 94.1% was down from 94.5% last month and up from 92.7% in October 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 October 2009 was 106, up 21.8% from 87 last month and up 24.7% from 85 in October of last year.

                                                                                                                                                                                                                                                     

For further information about the Manchester CT Real Estate market check out the latest in state-of-the-art technology and get instant access to fully customized, interactive MLS property reports, packed with LIVE market information, community and school data, plus charts and graphs.  The Manchester Market Snapshot helps buyers and sellers understand how much a property is really worth in Manchester, CT by keeping them updated on market conditions and pricing trends so that they can obtain the greatest value in a property.  

Just fill in the information below and..... WHALA!!!

 

Manchester CT Realtor Brian Burke, ABR
RANKED Top 1% Nationally
RANKED Top 10 in CLOSED SALES for 2009 (out of 2,500 agents)
International President's Circle
Coldwell Banker Residential Brokerage
cell:  (860) 798-3272
email:  burkecthomes@gmail.com

P.S.   Are you considering buying or selling a home in Manchester CT?  How about the Hartford County area?  Selecting the most experienced agent dedicated to the Manchester, CT area is imperative to promoting your home correctly as a seller or bidding on a home aggressively as a buyer.  Call or email me to setup a no obligation consultation, and I'll outline each of the many strategies I utilize to gain the best results for my clients.

Cell:  (860) 798-3272
Email:  burkecthomes@gmail.com

Manchester CT Real Estate Market Report
September 2009

Welcome to Manchester CT!! Having a better understanding of the current Manchester CT real estate market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester. To keep you up to date, I have included September 2009's market profile and trends for your consideration.

Property Sales
September Property sales were 54, up 58.8% from 34 in September of 2008 and -8.5% lower than the 59 sales last month. September 2009 sales were at their highest level compared to September of 2008 and 2007. September YTD sales of 415 are running 3.8% ahead of last year's year-to-date sales of 400.

Prices
The Median Sales Price in September was $184,000, down -3.2% from $190,000 in September of 2008 and up 1.1% from $182,000 last month. The Average Sales Price in September was $188,513, down -3.1% from $194,632 in September of 2008 and down -2.2% from $192,842 last month. September 2009 ASP was at the lowest level compared to September of 2008 and 2007.

Inventory & MSI
The Total Inventory of Properties available for sale as of September was 246, up 6.0% from 232 last month and down -25.2% from 329 in September of last year. September 2009 Inventory was at its lowest level compared with September of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2009 MSI of 4.6 months was at its lowest level compared with September of 2008 and 2007.

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 September was 53, up 3.9% from 51 days last month and down -15.9% from 63 days in September of last year. The September 2009 DOM was at a mid level compared with September of 2008 and 2007.

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 September 2009 Selling Price per Square Foot of $137 was up 1.7% from $135 last month and up 1.2% from 136 in September 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 September 2009 Selling Price vs Original List Price of 94.5% was down from 94.8% last month and up from92.8% in September 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 September 2009 was 87, up 3.6% from 84 last month and equal to 87 in September of last year.

For further information about the Manchester CT Real Estate market check out the latest in state-of-the-art technology and get instant access to fully customized, interactive MLS property reports, packed with LIVE market information, community and school data, plus charts and graphs. The Manchester CT Market Snapshot helps buyers and sellers understand how much a property is really worth in Manchester, CT by keeping them updated on market conditions and pricing trends so that they can obtain the greatest value in a property.

Just click on the Market Snapshot photo below!

Manchester CT Realtor Brian Burke, ABR
RANKED Top 1% Nationally
RANKED Top 10 in CLOSED SALES for 2009 (out of 2,500 agents)
International President's Circle
Coldwell Banker Residential Brokerage
cell: (860) 798-3272
email: burkecthomes@gmail.com

P.S. Are you considering buying or selling a home in Manchester, CT? How about the Hartford County area? Selecting the most experienced agent dedicated to the Manchester, CT area is imperative to promoting your home correctly as a seller or bidding on a home aggressively as a buyer. Call or email me to setup a no obligation consultation, and I'll outline each of the many strategies I utilize to gain the best results for my clients.

Cell: (860) 798-3272
Email: burkecthomes@gmail.com