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Maria Gilda Racelis

Manchester CT Real Estate Update: June 2014

Manchester CT Real Estate Update

What makes Manchester Connecticut great for people who are buying for the first time or downsizing is that this town offers a wide range of homes for sale that are both affordable and decent. For an inclusive monthly payment of under $1600, the buyers can comfortably obtain a home in an established and desirable neighborhood.

The convenience that Manchester Connecticut offers is also unbeatable. It has one of the biggest malls and cinemas in the State. There are plentiful of diverse restaurants and retail stores.

51 Oleary Manchester CT

This Cape Cod home, which sold this month, is very typical in the neighborhood. It has 1,348 square feet, 1 full bath and 1/4-acre land. The listing price is $139,900. The house has been meticulously maintained by the owner.

And the buyers are very happy with the overall condition.

Indeed, Manchester Connecticut offers tremendous homeownership opportunities at decent price points.

Currently, there are 255 properties for sale in Manchester CT. The average listing price is $228,785 with average square feet of 1,836, 3 bedrooms and 1 and 1/2 bathrooms.

manchester ct real estate update

Homes for Sale

127 properties, as of this writing, have pending sales. The average listing price for these units is $181,192 with 1,660 square feet, 3 bedrooms and 1 and 1/2 bathrooms. The average listing of the homes currently available for sale is higher relative to the size compared to what has been available in May. This means that bigger homes entered the market’s inventory

Manchester CT Real Estate update

Homes with Pending Sale

The months of April and May showed the same number of units sold. In May, the average sale price for the 32 units is $182,384 with average size of 1,686 square feet. The average days on the market is 79 days. In April, the average sale price is $162,928 with corresponding average square feet of 1,437. The average days on the market is 83 days.

Although the month of May shows higher average sale price, the ratio of sale price to square foot in April is $113.57 which is higher compared to that of May— $109.58. View May 2014 Real Estate Market Report

Manchester CT april Home Sales

Sold Homes in April 2014

Manchester CT may 2014 Home Sales

Sold Homes in May 2014

Using a six-month sales history, the current inventory of 255 homes is expected to be depleted within 8 months. The buyers still have the leverage but if the house is priced competitively and aggressively, multiple bids are common scenarios these days.

Search for Homes for Sale in Manchester CT

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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.
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