Much to the elation of home sellers everywhere, home prices are on the rise in nearly all states, according to a recent report from the real estate researcher CoreLogic. Evidently, 48 states showed year-over-year gains in April. Meanwhile, home prices also showed month-over-month gains between March and April. As a result, home sellers from California to […]
Sales of single family homes in Wethersfield continue at a steady pace. Although closed sales at the end of the first quarter 2011 trailed closed sales at the end of 2010 (37 versus 45, respectively), the 2011 sales activity occurred without the first time home buyer tax credit incentive. Does this signify a return to […]
During March the inventory of single family homes in Wethersfield increased by nearly 43% to 116 homes. New pending sales were strong in March with 22 of the 34 pending listings going under contract in March. The Spring market has arrived!
As the table below shows, the average and the median sales prices in 2011 are below those values for the comparable periods in 2010. This is due to the many changes made in 2010 to underwriting guidelines for both conventional and government loans and the increase in interest rates in early January 2011.
The number of closed sales, and median and average sales prices in Rocky Hill have increased for single family homes in 2010 over 2009 while the average days on market decreased in 2010 versus 2009! As we saw with the Wethersfield single family home market statistics, the First Time Home Buyer Tax Credit incentivized first time […]
It is not uncommon for the number of new and active listings to decrease during the holidays. As with Rocky Hill condos, the average days on market and the percentage of listings with price reductions increased after June, 2010, the expiration of the First Time Home Buyer Tax Credit (for most buyers). However, the supply time for current […]
Condo Complexes With Sales in 2010 2-bedroom Units 1-bedroom units Complex Style # Sold Price Range # Sold Price Range Apple Grove Townhouse 1 $184,000 Brookwood Village Ranch 4 $135,000-$145,000 1 $136,000 Cedar Hollow Townhouse 5 $152,500-$164,900 Century Heights Townhouse 4 $191,500-$214,000 Century Ridge Townhouse 2 $205,000 […]
Although total 2010 condo sale volumes in Rocky Hill were below 2009 volumes, condo sales are occurring at a steady pace. The median and average condo sales prices in Rocky Hill were slightly lower in 2010 than they were in 2009. The change in the median and average sales prices of condo units selling in […]
During December the inventory of single family homes in Wethersfield decreased from 125 to 104 homes. This is typical for the holiday season. New pending sales in December (9) were level with new pending sales in November (8). Total pending sales decreased from 30 to 18 because 19 transactions closed in December. December 2010 Market […]
December 2010 Market Activity On Market Pending Sales Closed Sales December Volumes 2 New Listings 4 Went Under Contract 1 Closed This Month Total Volumes 17 Listings on Market 6 Total Pending Sales 31 Closed This Year Most Expensive $319,900 $199,000 $317,500 Least Expensive $71,599 $64,000 $54,500 % With Price Reductions 58.82% 66.67%% 41.93% […]