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% […]
Category Archives: Wethersfield Condo Statistics
Wethersfield Condo Sales Activity 2003-2010
Historical Snapshot of Wethersfield Sales Activity as of 12/31/2010 Year # Units Sold Median Sales Price Average Sales Price Average Days On Market 2010 31 $135,000 $136,165 73 days 2009 33 $170,000 $146,157 84 days 2008 46 $194,000 $191,021 85 days 2007 60 $163,000 $162,669 46 days 2006 77 $138,000 $152,152 50 days 2005 82 […]
Wethersfield Historical Condo Sales Activity as of 11/30/2010
2010 condo unit volumes are tracking close to 2009 volumes. However, the median and average sales prices have declined since 2009 and since October 31, 2010. All 5 condo units that closed during November 2010 sold below $170,000, with 3 out of the 5 units closing under $100,000. Historical Snapshot of Wethersfield Sales Activity as […]
Wethersfield Condo Market 11/30/2010 – What’s Selling?
For 2010, Wethersfield condos sales seem to be “topping out” at $200,000. During the year, sales continued to shift down slightly from the $150,000 to $200,000 price range to the $100,000 to $150,000 price range. This pattern may be attributed to: A tightening in mortgage guidelines – lower debt to income ratio guidelines reduced buyers’ purchasing power (especially in complexes with high HOA […]
Wethersfield Condo Market as of 11/30/2010 – Median Vs. Average
The median and average sales statistics are fairly close within their respective categories (active, pending and closed), except for days on market. The median days on market for both pending and closed sales are significantly less than the average days on market. This indicates that newer listings that were priced close to or at the market price […]
Wethersfield Condo Market Statistics as of 10/31/2010
2010 condo sale volumes should be on par with 2009 volumes. However, we may see a drop in the median and average sales prices between now and year-end based on current pending sales. The change in the median and average sales prices of condo units selling in Wethersfield is due to: a) a decline in purchases of […]
Wethersfield Market Statistics
The information we hear on TV or radio or read in the newspaper is usually about the national or statewide real estate market. However, the real estate market can vary from town to town. The old adage “Real Estate is local” is very true. Below are snapshots of Wethersfield sales activity, beginning in 2003, when the […]