≡ Menu
Maria Gilda Racelis

Manchester CT Real Estate Market Report-March 2014

Manchester Connecticut Real Estate Market Report

In Manchester Connecticut, the signs of Spring are unfolding. We had the first taste of a nice weather in March 11. My son and I took the dogs for a stroll at Center Spring Park Trails.

This is just one of the perks in  Manchester CT.

IMG_4018

Here is the latest in Manchester CT Real Estate Market. Currently there are 179 single family homes  for sale. Out of this 179, the most expensive home is listed for $649,900 with 6,952 square feet, 7 bedrooms and 7 1/2 bathrooms. This has been on the market for 884 days.  It is time for price reduction, don’t you think. The average listing price is $223,256 comprising of 1,825 square feet 3 bedrooms and 1 1/2 bathrooms.

Manchester CT Real Estate

Homes for Sale in Manchester

Ninety-Eight Homes are currently under contract. Out of this number, the average listing price is $169,621 with 1,604 average square feet,  3 bedrooms and 1 1/2 bathrooms.

The most expensive home is $449,900 with 4,101 square feet, 5 bedrooms and 5 bathrooms. This property has been on the market for 678 days before it went under contract.

Manchester CT Real Estate Market

Homes Under Contract in March 2014

Based on the report below, January performed better compared to February in sales volume and amount. 23 units were sold in January and 19 in February. The average listing price and square feet is $188,512 and 1,661 and $176,103 and 1,716, respectively.

This means that the homes were sold for a higher amount relative to the size of the house.

Manchester CT Real Estate Market

Sold Homes in January 2014

 

Manchester CT Real Estate Market

Sold Homes in February 2014

The absorption rate based on the two-months’ sales is 21. The current inventory of 179 single family homes is expected to be depleted within 8 months.

Hopefully, there will be more demand than supply for single family homes in the spring and summer so that the 8 months worth of supply will have a quicker turnover.

 

Hopefully, there will be more demand than supply for single family homes in the spring and summer so that the 8 months worth of supply will have a quicker turnover.

 Search for Homes in Manchester Connecticut.

Share on LinkedIn0Share on Facebook0Tweet about this on TwitterShare on Google+0Pin on Pinterest0Email this to someone
The following two tabs change content below.
Maria Gilda Racelis
I am a full-time realtor and a no-nonsense individual when it comes to rendering services to my clients. I take my job and the responsibility it entails seriously. My clients come first. I ensure that they know and feel I am working for their best interest. However, I do not carry out tasks to compromise my principle. I conduct my business with pride, honesty and integrity.
comments powered by Disqus