Brian Burke

Manchester CT Real Estate
Market Report October 2009

Welcome to Manchester, CT!  Having a better understanding of the current Manchester CT Real Estate market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester.  To keep you up to date, I have included October 2009's market profile and trends for your consideration.

Property Sales
October Property sales were 56, up 14.3% from 49 in October of 2008 and 3.7% higher than the 54 sales last month. October 2009 sales were at their highest level compared to October of 2008 and 2007. October YTD sales of 471 are running 4.9% ahead of last year's year-to-date sales of 449.

Prices
The Median Sales Price in October was $185,000, up 8.9% from $169,900 in October of 2008 and up 0.5% from $184,000 last month. The Average Sales Price in October was $200,099, up 3.6% from $193,102 in October of 2008 and up 6.1% from $188,513 last month. October 2009 ASP was at a mid range compared to October of 2008 and 2007.

Inventory & MSI
The Total Inventory of Properties available for sale as ofOctober was 267, up 8.5% from 246 last month and down -12.5% from 305 in October of last year. October 2009 Inventory was at its lowest level compared with October of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2009 MSI of 4.8 months was at its lowest level compared with October of 2008 and 2007.

Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for October was 49, down -7.5% from 53 days last month and down -19.7% from 61 days in October of last year. The October 2009 DOM was at a mid level compared with October of 2008 and 2007.

Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The October 2009 Selling Price per Square Foot of $132 was down -4.2% from $137 last month and up 0.6% from 131 in October of last year.

Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The October 2009 Selling Price vs Original List Price of 94.1% was down from 94.5% last month and up from 92.7% in October of last year.

Inventory / New Listings / Sales
This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in October 2009 was 106, up 21.8% from 87 last month and up 24.7% from 85 in October of last year.

In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Manchester CT Real Estate.  Each month, I will give you all the information you need to understand this.  As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com.

Manchester CT Real Estate
Market Report September 2009

Welcome to Manchester, CT!  Having a better understanding of the current Manchester CT Real Estate market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester.  To keep you up to date, I have included September 2009's market profile and trends for your consideration.

Property Sales
September Property sales were 54, up 58.8% from 34 in September of 2008 and -8.5% lower than the 59 sales last month. September 2009 sales were at their highest level compared to September of 2008 and 2007. September YTD sales of 415 are running 3.8% ahead of last year's year-to-date sales of 400.

Prices
The Median Sales Price in September was $184,000, down -3.2% from $190,000 in September of 2008 and up 1.1% from $182,000 last month. The Average Sales Price in September was $188,513, down -3.1% from $194,632 in September of 2008 and down -2.2% from $192,842 last month. September 2009 ASP was at the lowest level compared to September of 2008 and 2007.

Inventory & MSI
The Total Inventory of Properties available for sale as of September was 246, up 6.0% from 232 last month and down -25.2% from 329 in September of last year. September 2009 Inventory was at its lowest level compared with September of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2009 MSI of 4.6 months was at its lowest level compared with September of 2008 and 2007.

Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for September was 53, up 3.9% from 51 days last month and down -15.9% from 63 days in September of last year. The September 2009 DOM was at a mid level compared with September of 2008 and 2007.

Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The September 2009 Selling Price per Square Foot of $137 was up 1.7% from $135 last month and up 1.2% from 136 in September of last year.

Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The September 2009 Selling Price vs Original List Price of 94.5% was down from 94.8% last month and up from92.8% in September of last year.

Inventory / New Listings / Sales
This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in September 2009 was 87, up 3.6% from 84 last month and equal to 87 in September of last year.

In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Manchester CT Real Estate.  Each month, I will give you all the information you need to understand this.  As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com. 

Manchester CT Real Estate
Market Report August 2009

Welcome to Manchester, CT!  Having a better understanding of the current Manchester CT Real Estate market conditions is critical in order to help you make a more informed decision when buying or selling a home in Manchester.  To keep you up to date, I have included August 2009's market profile and trends for your consideration.

Property Sales
August Property sales were 59, up 15.7% from 51 in August of 2008 and -4.8% lower than the 62 sales last month. August 2009 sales were at a mid level compared to August of 2008 and 2007. August YTD sales of 361 are running -1.4% behind last year's yearto-date sales of 366.

Prices
The Median Sales Price in August was $182,000, up 2.8% from $177,000 in August of 2008 and up 1.7% from $179,000 last month. The Average Sales Price in August was $192,842, down -3.7% from $200,237 in August of 2008 and down -2.2% from $197,277 last month. August 2009 ASP was at the lowest level compared to August of 2008 and 2007.

Inventory & MSI
The Total Inventory of Properties available for sale as of August was 232, down -2.1% from 237 last month and down -32.2% from 342 in August of last year. August 2009 Inventory was at its lowest level compared with August of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The August 2009 MSI of 3.9 months was at a mid level compared with August of 2008 and 2007.

Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for August was 51, down -15.0% from 60 days last month and equal to 51 days in August of last year. The August 2009 DOM was at a mid level compared with August of 2008 and 2007.

Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The August 2009 Selling Price per Square Foot of $135 was down -0.5% from $136 last month and down -0.5% from 136 in August of last year.

Selling Price vs Original Listing Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The August 2009 Selling Price vs Original List Price of 94.8% was down from 96.0% last month and up from 94.7% in August of last year.

Inventory / New Listings / Sales
This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in August 2009 was 84, up 13.5% from 74 last month and down -11.6% from 95 in August of last year.

In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Manchester CT Real Estate.  Each month, I will give you all the information you need to understand this.  As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com.

Ellington CT Homes
Market Report November 2009

Welcome to Ellington, CT!  Having a better understanding of the current Ellington CT Homes market conditions is critical in order to help you make a more informed decision when buying or selling a home in Ellington.  To keep you up to date, I have included November 2009's market profile and trends for your consideration.

Property Sales
November Property sales were 14, up 16.7% from 12 in November of 2008 and the same as the 14 sales last month. November 2009 sales were at their highest level compared to November of 2008 and 2007. November YTD sales of 133 are running - 10.1% behind last year's year-to-date sales of 148.

Prices
The Median Sales Price in November was $240,000, down -18.4% from $294,000 in November of 2008 and down -17.3% from $290,199 last month. The Average Sales Price in November was $284,372, down -13.0% from $326,683 in November of 2008 and down -17.8% from $346,148 last month. November 2009 ASP was at the lowest level compared to November of 2008 and 2007.

 Inventory & MSI
The Total Inventory of Properties available for sale as of November was 100, down -4.8% from 105 last month and down -9.1% from 110 in November of last year. November 2009 Inventory was at its lowest level compared with November of 2008 and 2007.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The November 2009 MSI of 7.1 months was at its lowest level compared with November of 2008 and 2007.

 Market
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for November was 49, down -34.7% from 75 days last month and down -31.9% from 72 days in November of last year. The November 2009 DOM was at its lowest level compared with November of 2008 and 2007.

 Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The November 2009 Selling Price per Square Foot of $147 was down -9.1% from $162 last month and down -10.2% from 164 in November of last year.

 Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The November 2009 Selling Price vs Original List Price of 93.8% was down from 95.5% last month and down from 94.4% in November of last year.

 Inventory / New Listings / Sales
This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the relationship between these items. The number of New Listings in November 2009 was 16, up 23.1% from 13 last month and up 6.7% from 15 in November of last year.

In this ever fluctuating real estate market, it's good to know what the current trends are when looking for Ellington CT Homes.  Each month, I will give you all the information you need to understand this.  As always, if you need further answers or clarification please contact Brian Burke at 860-798-3272 or email brian.burke@cbmoves.com.