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.
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 […]
Although 2010 condo sale volumes in Rocky Hill are lagging 2009 volumes, condo sales are occurring at a steady pace. As we saw in Wethersfield, the median and average condo sales prices in Rocky Hill are lower in 2010 than they were in 2009. Again, the change in the median and average sales prices of […]
Below are snapshots of sales activity for Rocky Hill, beginning in 2003, when the market began to rally through the middle of this month. Single Family Homes as of October 15, 2010 Condo Sales as of October 15, 2010 In Rocky Hill, like Wethersfield, the market peaked in 2005 for single family home sales. Between 2006 […]