South Windsor CT Market Report for September 2011

By
Real Estate Agent with Prudential CT Realty
http://actvra.in/l4z

South Windsor CT Market Report for September 2011

South Windsor homes for sale

 

After reporting an Awesome August for the real estate market in South Windsor CT, I was waiting (and hoping) to see if this upward trend in number of closed sales could continue.  The results are mixed, in that September's closed sales were down (16 compared to August's 25) but they were up compared to last September (7).

 

However, in terms of median price, we would have to say that September was sizzling with a median price of $313,385!  It seems that we are finally seeing a rise in sales in the upper price ranges which is always a good sign.  This is starting to become evident in other towns as well so, at least for now, we can be moderately hopeful that the real estate market is on the rise.

 

Here is the breakdown by price range:

 

Price Range September 2011 September 2010
Under $100,000 - -
$100,000-$149,999 - -
$149,999-$199,999 - -
$200,000-$249,999 2 1
$250,000-$299,999 5 2
$300,000-$349,999 4 1
$350,000-$399,999 2 1
Over $400,000 3 2
Total 16 7

In addition to the number of closed sales, there are currently 8 homes under contract and 28 homes under deposit.  If you are looking for a home in South Windsor, there are currently only 96 homes on the market with a median price of $258,950.  Inventory is shrinking which means that sellers will gain an advantage and buyers may find themselves in multiple-offer situations, especially for homes that are priced well.  Here is a recap of closed sales and median price by month in South Windsor CT:

 

Month # of Closed Sales Median Price
September 16 $313,385
August 25 $240,000
July 20 $285,900
June 21 $259,900
May 20 $218,500
April 17 $220,000
March 8 $237,250
February 7 $305,000
January 14 $251,500

With all the homes that haven't yet closed and those that are currently active, the absorption rate is 8.2 months across all price ranges.  If you are looking in a particular price range, I would be glad to tell you the absorption rate for that price range.  South Windsor remains a popular market, median prices are on the rise, and inventory is shrinking.  Please feel free to browse the listings or contact me if you would like help with your search.

 

Posted by

 

 

Did you enjoy this post? Click here to subscribe to my blog by email.

   Go to my Winksite

 

 

Peggy Chirico

 

 

Peggy Chirico, REALTOR®
Serving the Greater Hartford Area
Prudential CT Realty
peggychirico@gmail.com

860-748-8900

If you are buying or selling a home in Hartford County or Tolland County, please call me, email me, or visit my website.  I would be happy to help you with your home search or provide a market analysis for your home.

Find your dream home now!

                                                                       

          connect-with-me-on-facebook        follow-me-on-twitter         linkedin          search-homes      

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the chair to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Real Estate General Information
Location:
Connecticut Hartford County South Windsor
Groups:
Connecticut Professionals
HyperLocal Neighborhood and Community Posts
Tags:
market report
south windsor homes for sale
median price
closed sales

Comments 2 New Comment

Show All Comments
Rainmaker
495,335
Cal Yoder
Homes For Sale in Lancaster PA - 717.413.0744
Keller Williams of Central PA East

Peggy, you do a great job of explaining the positives of the market and helping folks understand various factors which are part of the market place. Good job and have a great week.

Cal

October 10, 2011 01:28 PM
Ambassador
1,797,264
George Souto
Your Connecticut Mortgage Expert
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut

Peggy even though sales are down from last month, they are up over last year, and that is a plus sign in my book.  When you combine that with an increase in the median sales price that is very positive.

October 10, 2011 06:40 PM
Show All Comments
Rainer
421,810

Peggy Chirico

REALTOR® 860-748-8900, Hartford & Tolland County Real Estate
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clip to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information