February 2012

2011 was an interesting year for home sellers in Glastonbury, CT .  374 homes in Glastonbury, CT sold in 2011 – down 10% from 2010. Meanwhile the average 2011 sales price of $354,186 is a 5% increase since 2010.

Should the trend continue, just 11% of current market inventory of 281 homes in Glastonbury 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, 242 homes in Glastonbury expired unsold – leaving the odds of successfully selling at 60%. The average listed price of homes currently on market is $450,700 – which is a whopping 21% higher than what homes are actually selling for. It would seem…

2011 was a rough year for home sellers in Farmington, CT .  288 homes in Farmington, CT sold through the year at an average sales price of $354,186 which reflects a 10% decline in average sold prices since 2010.

Should the trend continue, just 9% of current market inventory of 263 homes in Farmington 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, 172 homes in Farmington expired unsold – leaving the odds of successfully selling at 63%. The average listed price of homes currently on market is $553,214 – which is a whopping 36% higher than what homes are actually selling for. It would seem many…

This very difficult short sale certainly came with its delays…the hardest one being simply finding a buyer for a condo in a horrid condominium market.

Six months and 7 reductions after going on market, we finally secured a cash buyer for my seller’s investment property gone wrong.

A full short sale package went to the lender and a month later was rejected. My seller’s crime was lack of default. The next month my seller became delinquent, and the short sale package went back in. Not long after we received an approval on the short sale, with an optional cash contribution for a deficiency waiver. The cash contribution was renegotiated to a more comfortable figure and wisely my seller chose to contribute in order to get a full release on the…

2011 was a rough year for home sellers in Enfield, CT .  362 homes in Enfield, CT sold through the year at an average sales price of $167,556 which reflects an 8% decline since 2010.

Should the trend continue, just 10% of current market inventory of 295 homes in Enfield 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, 196 homes in Enfield expired unsold – leaving the odds of successfully selling at 65%. The average listed price of homes currently on market is $192,261– which is about 13% higher than what homes are actually selling for.

What does that mean to you as an Enfield, CT home seller?…

2011 was a slow year for home sellers in Ellington, CT .  105 homes in Ellington, CT sold through the year at an average sales price of $287,190 which reflects small declines since 2010.

Should the trend continue, just 7% of current market inventory of 119 homes in Ellington 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, 95 homes in Ellington expired unsold – leaving the odds of successfully selling at just over 50%. The average listed price of homes currently on market is $308,581 – which is about 7% higher than what homes are actually selling for.

What does that mean to you as an Ellington,…

2011 was a stagnant year for home sellers in East Windsor, CT .  106 homes in East Windsor, CT sold through the year at an average sales price of $211,770 which reflects no great changes past 2010.

Should the trend continue, just 6% of current market inventory of 138 homes in East Windsor 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, 119 homes in East Windsor expired unsold – leaving the odds of successfully selling at less than 50%. Part of the problem is that many hopeful East Windsor home sellers are still unrealistic about their selling price. The average listed price of homes currently on…

2011 was a year of declines for home sellers in East Hampton, CT .  130 homes in East Hampton, CT sold through the year at an average sales price of $242,489 – both figures down from 2010.

Should the trend continue, just 8% of current market inventory of 138 homes in East Hampton 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, 107 homes in East Hampton expired unsold – leaving the odds of successfully selling at roughly 55%. Part of the problem is that many hopeful East Hampton home sellers are still unrealistic about their selling price. The average listed price of homes currently on market is…

2011 proved a stagnant year for home sellers in East Hartford, CT .  398 homes in East Hartford, CT sold through the year at an average sales price of $144,990 – both figures down slightly from 2010.

Should the trend continue, just 9% of current market inventory of 355 homes in East Hartford 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, 294 homes in East Hartford expired unsold – leaving the odds of successfully selling at roughly 60%.

What does that mean to you as an East Hartford, CT home seller? If you are considering going on market, you will have to be very realistic about the value of…

2011 was a year of declines for home sellers in Durham, CT .  49 homes in Durham, CT sold through the year – a 25% decline from 2010. The sales price of $311,253 is also down 5% from 2010.

It will take over a year to sell the current Durham inventory of 79 homes with an absorption rate of just 5% 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, 67 homes in Durham expired unsold – leaving the odds of successfully selling at roughly 40%. In fact, although homes that sold in Durham only remained on market for an average of 80 days, homes currently listed  have a DOM (days on market) average of 208 days. The average price of homes…

2011 was a stagnant year for home sellers in Cromwell, CT . 159 homes in Cromwell, CT sold through the year at an average sales price of $238,085, which is virtually unchanged from 2010.

Should the trend continue, just 8% of the 158 homes currently on the market in Cromwell will 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, 117 homes in Cromwell expired unsold – leaving the odds of successfully selling at roughly 60%.

The average price of homes currently on market is $268,332…a 12% difference from what homes are actually selling for. What does that mean to you as a Cromwell, CT home seller? If you are…