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Published by Linda Gurtel

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Published by: Linda Gurtel on Sep 29, 2011
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MARKET ACTION REPORT
 
 August 2011
City: Glastonbury
Linda Gurtel, CRS,SRES,ABR,GRI
Realtor860-543-1544 www.linda.gurtel@cbmoves.com www.lindagurtel.com
Price Range: ALL | Properties: Single Family Home
 
Based on information from Connecticut Multiple Listing Service, Inc. for the period 9/1/2008 through 8/31/2011. Due to MLS reporting methods and allowablereporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the dataaccuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
 
Trending Versus*:
 
Trending Versus*:
Market Profile & Trends Overview MonthLML3MPYMLYYTDPriorYTDPriorYear
Median List Price of all Current Listings$399,900
 
 Average List Price of all Current Listings$508,903
 
 August Median Sales Price$370,000$381,250
 
 August Average Sales Price$408,529$448,412
 
Total Properties Currently for Sale (Inventory)219
 
 August Number of Properties Sold31185
 
 August Average Days on Market (Solds)4365
 
 Asking Price per Square Foot (based on New Listings)$172$177
 
 August Sold Price per Square Foot$158$166
 
 August Month's Supply of Inventory7.17.9
 
 August Sale Price vs List Price Ratio97.3%96.3%
 
 
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year / YTD = Year-to-date
Property Sales
 
August Property sales were 31, up 3.3% from 30 in August of 2010 and 6.9% higher than the 29 sales last month. August 2011 sales were attheir highest level compared to August of 2010 and 2009. August YTD sales of 185 are running -12.7% behind last year's year-to-date sales of 212.
Prices
 
The Median Sales Price in August was $370,000, down -10.3% from $412,500 in August of 2010 and down -5.3% from $390,624 last month.The Average Sales Price in August was $408,529, down -4.4% from $427,210 in August of 2010 and down -9.7% from $452,226 last month.August 2011 ASP was at the lowest level compared to August of 2010 and 2009.
 
MARKET ACTION REPORT
 
 August 2011
City: Glastonbury
Linda Gurtel, CRS,SRES,ABR,GRI
Realtor860-543-1544 www.linda.gurtel@cbmoves.com www.lindagurtel.com
Price Range: ALL | Properties: Single Family Home
 
Based on information from Connecticut Multiple Listing Service, Inc. for the period 9/1/2008 through 8/31/2011. Due to MLS reporting methods and allowablereporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the dataaccuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
 
Inventory & MSI
 
The Total Inventory of Properties available for sale as of August was 219, up 4.3% from 210 last month and up 17.7% from 186 in August of last year. August 2011 Inventory was at highest level compared to August of 2010 and 2009. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2011 MSI of 7.1 months was atits highest level compared with August 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 DOMtends 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 Augustwas 43, up 10.3% from 39 days last month and down -12.2% from 49 days in August of last year. The August 2011 DOM was at its lowestlevel compared with August 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 pricecan 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 thedirection of Property values. The August 2011 Selling Price per Square Foot of $158 was down -7.6% from $171 last month and down -3.1%from $163 in August of last year.
 
MARKET ACTION REPORT
 
 August 2011
City: Glastonbury
Linda Gurtel, CRS,SRES,ABR,GRI
Realtor860-543-1544 www.linda.gurtel@cbmoves.com www.lindagurtel.com
Price Range: ALL | Properties: Single Family Home
 
Based on information from Connecticut Multiple Listing Service, Inc. for the period 9/1/2008 through 8/31/2011. Due to MLS reporting methods and allowablereporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the dataaccuracy. Data maintained by the MLS's may not reflect all real estate activity in the market.
 
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. TheAugust 2011 Selling Price vs Original List Price of 97.3% was down from 98.1% last month and up from 96.3% 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 basicannual seasonality of the market as well as the relationship between these items. The number of New Listings in August 2011 was 53, down -8.6% from 58 last month and up 20.5% from 44 in August of last year.

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