During August 2011, there were 25 closed sales in South Windsor CT with a median price of $240,000. This is almost DOUBLE the number of closed sales of August 2010, which showed 13 closed sales and a median price of $237,000. So both number of sales and median price were up this year over last.
Here are the closed sales by price range:
| Price Range | August 2011 | August 2010 |
| Under $100,000 | - | 1 |
| $100,000-$149,999 | - | 1 |
| $149,999-$199,999 | 3 | 2 |
| $200,000-$249,999 | 11 | 4 |
| $250,000-$299,999 | 6 | 2 |
| $300,000-$349,999 | 1 | - |
| $350,000-$399,999 | 1 | 1 |
| Over $400,000 | 3 | 2 |
| Total | 25 | 13 |
August closed sales were also a steady rise over the previous months of 2011, with 17 closed sales in April, 20 closed sales in May, 21 closed sales in June, and 21 closed sales in July. The median price for the first seven months of the year was $254,900, so the median price was down 5.85% in August.
One of the reasons that August sales were rising may have been that people wanted to be settled in their new homes before the start of school. Whether or not people have children in the South Windsor school system, many people feel that South Windsor is a desireable location to live.
In addition to the closed sales in August, there are 5 homes under contract and 23 homes under deposit, so we can expect that September numbers will be robust as well.
If you are looking for a home in South Windsor CT, there are currently 101 homes on the market with a median price of $275,000. This means that the absorption rate for South Windsor is 5.16 months, which is one of lowest levels of inventory of surrounding towns. Five months’ of inventory is clearly a neutral market, so sellers can expect that they will sell their homes in a reasonable amount of time if it is priced appropriately; buyers can expect that they may face competition in making offers as well.
If you would like more information about the South Windsor real estate market, please give me a call. I would be happy to help!
Peggy Chirico, REALTOR®
Serving the Greater Hartford Area
Prudential Connecticut Realty
If you are buying or selling a home in Hartford County or Tolland County, please call me at 860-748-8900, , or use the Contact Request Form. I would be happy to help you with your home search or answer any of your real estate questions.
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It’s great to hear wonderful news like this. I hope this trend continues and that we really start to rebound.
Debbie
Thanks, Debbie! I too am hoping we are on the rebound. Thanks for stopping by.