Manchester CT Real Estate
Market Report August 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 August 2009's market profile and trends for your consideration.
Property Sales
August Property sales were 59, up 15.7% from 51 in August of 2008 and -4.8% lower than the 62 sales last month. August 2009 sales were at a mid level compared to August of 2008 and 2007. August YTD sales of 361 are running -1.4% behind last year's yearto-date sales of 366.
Prices
The Median Sales Price in August was $182,000, up 2.8% from $177,000 in August of 2008 and up 1.7% from $179,000 last month. The Average Sales Price in August was $192,842, down -3.7% from $200,237 in August of 2008 and down -2.2% from $197,277 last month. August 2009 ASP was at the lowest level compared to August of 2008 and 2007.
Inventory & MSI
The Total Inventory of Properties available for sale as of August was 232, down -2.1% from 237 last month and down -32.2% from 342 in August of last year. August 2009 Inventory was at its lowest level compared with August of 2008 and 2007.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2009 MSI of 3.9 months was at a mid level compared with August 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 August was 51, down -15.0% from 60 days last month and equal to 51 days in August of last year. The August 2009 DOM was at a mid level compared with August 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 August 2009 Selling Price per Square Foot of $135 was down -0.5% from $136 last month and down -0.5% from 136 in August 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 August 2009 Selling Price vs Original List Price of 94.8% was down from 96.0% last month and up from 94.7% in August 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 August 2009 was 84, up 13.5% from 74 last month and down -11.6% from 95 in August of last year.
In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Manchester CT Real Estate. Each month, I will give you all the information you need to understand this. As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com.
Ellington CT Homes
Market Report November 2009
Welcome to Ellington, CT! Having a better understanding of the current Ellington CT Homes market conditions is critical in order to help you make a more informed decision when buying or selling a home in Ellington. To keep you up to date, I have included November 2009's market profile and trends for your consideration.
Property Sales
November Property sales were 14, up 16.7% from 12 in November of 2008 and the same as the 14 sales last month. November 2009 sales were at their highest level compared to November of 2008 and 2007. November YTD sales of 133 are running - 10.1% behind last year's year-to-date sales of 148.
Prices
The Median Sales Price in November was $240,000, down -18.4% from $294,000 in November of 2008 and down -17.3% from $290,199 last month. The Average Sales Price in November was $284,372, down -13.0% from $326,683 in November of 2008 and down -17.8% from $346,148 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 100, down -4.8% from 105 last month and down -9.1% from 110 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 7.1 months was at its lowest level compared with November of 2008 and 2007.
Market
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 49, down -34.7% from 75 days last month and down -31.9% from 72 days in November of last year. The November 2009 DOM was at its lowest level compared 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 $147 was down -9.1% from $162 last month and down -10.2% from 164 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 93.8% was down from 95.5% last month and down from 94.4% 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 16, up 23.1% from 13 last month and up 6.7% from 15 in November of last year.
In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Ellington CT Homes. Each month, I will give you all the information you need to understand this. As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com.
Ellington CT Home Listings
Market Report October 2009
Welcome to Ellington, CT! Are you aware of all Ellington CT Home Listings? Having a better understanding of the current market conditions is critical in order to help you make a more informed decision when buying or selling a home in Ellington. 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 14, down -6.7% from 15 in October of 2008 and 100.0% higher than the 7 sales last month. October 2009 sales were at a mid level compared to October of 2008 and 2007. October YTD sales of 119 are running -12.5% behind last year's year-to-date sales of 136.
Prices
The Median Sales Price in October was $290,199, up 25.1% from $232,000 in October of 2008 and up 17.0% from $248,000 last month. The Average Sales Price in October was $346,148, up 36.1% from $254,365 in October of 2008 and up 36.8% from $252,986 last month. October 2009 ASP was at the highest level compared to October of 2008 and 2007.
Inventory & MSI
The Total Inventory of Properties available for sale as of October was 111, down -5.9% from 118 last month and down -10.5% from 124 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 7.9 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 75, up 13.6% from 66 days last month and down -6.3% from 80 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 $162 was down -6.8% from $174 last month and up 1.2% from 160 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 95.5% was up from 94.6% last month and up from 89.1% 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 13, down -60.6% from 33 last month and down -51.9% from 27 in October of last year.
In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Ellington CT Home Listings. Each month, I will give you all the information you need to understand this. As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com.
Ellington CT Homes For Sale
Market Report September 2009
Welcome to Ellington, Connecticut! Having a better understanding of Ellington CT Homes For Sale and the current market conditions is critical in order to help you make a more informed decision when buying or selling a home in Ellington. 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 7, equal to 7 in September of 2008 and -56.3% lower than the 16 sales last month. September 2009 sales were at their lowest level compared to September of 2008 and 2007. September YTD sales of 105 are running - 13.2% behind last year's year-to-date sales of 121.
Prices
The Median Sales Price in September was $248,000, up 8.3% from $229,000 in September of 2008 and up 10.2% from $225,000 last month. The Average Sales Price in September was $252,986, down -8.5% from $276,520 in September of 2008 and down -5.9% from $268,762 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 118, up 8.3% from 109 last month and down -8.5% from 129 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 16.9 months was at a mid 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 66, down -1.5% from 67 days last month and down -30.5% from 95 days in September of last year. The September 2009 DOM was at its lowest 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 $174 was up 24.6% from $139 last month and up 9.8% from 158 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 94.6% was up from 93.8% last month and down from 96.8% 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 33, up 43.5% from 23 last month and up 50.0% from 22 in September of last year.
In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Ellington CT Homes For Sale. Each month, I will give you all the information you need to understand this. As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com.
Ellington CT Real Estate Market Report
August 2009
Welcome to Ellington, Connecticut! Having a better understanding of the current Ellington CT real estate market conditions is critical in order to help you make a more informed decision when buying or selling a home in Ellington. To keep you up to date, I have included August 2009's market profile and trends for your consideration.
Property Sales
August Property sales were 16, down -36.0% from 25 in August of 2008 and -27.3% lower than the 22 sales last month. August 2009 sales were at their lowest level compared to August of 2008 and 2007. August YTD sales of 98 are running -14.0% behind last year's year-to-date sales of 114.
Prices
The Median Sales Price in August was $225,000, down -18.2% from $275,000 in August of 2008 and down -36.6% from $355,000 last month. The Average Sales Price in August was $268,762, down - 4.3% from $280,797 in August of 2008 and down - 19.2% from $332,542 last month. August 2009 ASP was at the lowest level compared to August of 2008 and 2007.
Inventory & MSI
The Total Inventory of Properties available for sale as of August was 109, up 2.8% from 106 last month and down - 22.7% from 141 in August of last year. August 2009 Inventory was at its lowest level compared with August of 2008 and 2007.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2009 MSI of 6.8 months was at a mid level compared with August 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 August was 67, down -2.9% from 69 days last month and up 26.4% from 53 days in August of last year. The August 2009 DOM was at a mid level compared with August 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 August 2009 Selling Price per Square Foot of $139 was down -10.8% from $156 last month and down -18.3% from 171 in August 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 August 2009 Selling Price vs Original List Price of 93.8% was down from 96.4% last month and down from 98.3% in August 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 August 2009 was 23, up 4.5% from 22 last month and up 27.8% from 18 in August of last year.
In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Ellington CT Real Estate. Each month, I will give you all the information you need to understand this. As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com.
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Realtor & foreclosure expert specializing in the marketing & sale of residential & condominium homes in & around South Windsor, Manchester, Glastonbury, Ellington, Tolland, West Hartford, & Simsbury.
Realtor Brian Burke A native of Connecticut and graduate of the University of New Haven magna cum laude, Realtor Brian Burke's dedication is evidenced by a fulltime commitment to both the market and to clients. Not only is his business backed up by a fulltime staff dedicated to real estate and to real estate only, but he has aligned himself with area experts to ensure that each and every client benefits from around-the-clock service from not only Burke, but from a team of synchronized professionals comprised of a fulltime assistant and lasting relationships with the area's best mortgage broker, the area's best attorney, the area's best home stager, and the area's best photographer. Burke's own service, meanwhile, marries a lifetime of professional development with a full array of sales and marketing specialties supplemented with the newest technologies. What further differentiates this dedication is Burke's proven ability to demonstrate results. After all, what good is dedication to a home and its owners if there are no prospective buyers around to benefit from such? It is with this mentality that Burke presents his proven record of accomplishments on behalf of both buyers and sellers, demonstrating his ability to dominate search engines and listing services to ensure that his properties are the first that buyers see when searching within those parameters. To push this envelope even further, Burke maintains a host of Web resources such as blogs and social media sites to ensure for complete market penetration of each and every property represented. Whether you want South Windsor homes for sale, Glastonbury real estate, West Hartford houses, Manchester condominiums, Vernon multi-families, Simsbury luxury homes, Avon estates, Ellington equestrian properties, Tolland retirement homes and facilities, or new homes in Coventry, Burke's comprehensive suite of services will more than meet your real estate and foreclosure needs. While his greatest accomplishment is an earned rapport among thousands of homebuyers, sellers, prospects, and real estate professionals, Burke is equally proud of each of the following value-enhancing titles and accomplishments-a list he plans on expanding year after year as he strives to continually push the envelope of client satisfaction and tailor his services to the needs of his growing clientele:
Burke has spent more than 11 years developing a client-focused approach to real estate that is centered on two pillars: dedication and demonstration.
Unlike the traditional belief that all Realtors provide the same level of service and marketing strategies, my relentless drive and dedication is second to none. I've spent thousands of hours learning how to saturate Search Engines (Google, Yahoo & MSN), targeted websites and Social Media networks with photos, videos, virtual tours, and finding the optimal keywords that fit your specific community for maximum focus and exposure. Although some of these strategies may appear to be simple, it's not easy. Optimizing your property so that you can generate tremendous amounts of traffic, leads and customers takes a wealth of time and expertise. This is the part of real estate I Love and it's a task, however, that my team and I specialize in.
We had tried to sell our house two times in the past, only to have real estate agents comp our house for the wrong amount and both of those times that we used other real estate agents, our house DID NOT sell! We were referred to Brian Burke through a friend, and he came highly recommend. We were in a very big time crunch as we had found and fell in love with our new house, but our other house had not sold yet... In a very bad market, in the dead of winter, he did what two other real estate agents did not even come close to doing...He sold our house in two weeks for the price that we wanted! I will never use another real estate agent but Brian, FOR ANYTHING! He is a phenominal real estate agent and I HIGHLY recommend him to anyone!
- Dan & Heather
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