By Judy Szablak
New listings have been somewhat of a scarcity these past few weeks, but it is indicative of late August and early September.
This Tudor Colonial at 42 Compo Parkway is listed at $2,499,000. (CLICK TO ENLARGE) Photo courtesy of Higgins Group CT Select
It’s school time again, and families tend to focus on that during this time of year. Tropical storm Irene and her aftermath did not help either.
The good news is that properties are selling, inventory is dwindling, and the buyer/seller ratios are getting more in line with a neutral market.
We can expect to see a small upsurge in activity towards the end of September and beginning of October due to buyers and sellers looking to close by year’s end.
Homes: There are 313 single family homes on the market, and their average list price is $2,188,140. These homes have been listed for sale an average of 135 days, and the median price has increased slightly to $1,348,950.
The highest asking price for all homes currently on the market is $24,950,000, and the lowest available priced home is $310,500.
The last few weeks have been quiet for new listings, which is indicative for this time of year. No new listings came on the market in the last seven days, although two properties came back on the market after being under deposit.
Four properties had a price change, and two properties have gone under the initial deposit stage, which we call CTS. Eight properties went into pending status, which means that the conditions have been satisfied, and the property is scheduled to close.
Closings: Nine homes were reported as sold in the last seven days, and their average list price was $1,540,494 and these homes were on the market an average of 90 days. There were 42 status changes in the last seven days.
Condos: The 24 condominiums that are available have been listed an average of 114 days, and have an average price of $688,060. The median price of a condo is $554,950. The highest price condo in town is listed at $1,595,000 and the lowest offering price is $227,351.
No new listings came on the market this week, and no properties had a price change. One property went into CTS status, and two properties went into pending status.
Closings: One condominium closed in the last week which was listed at $600,000. It was on the market for 65 days. There were five status changes in the last seven days.
Rentals: If you are looking to rent year round, either furnished or unfurnished, there are 69 homes or apartments available. The median price is $3,747 per month and the average price is $5,996 per month.
These year round rental opportunities have been on the market an average of 55 days.
There are six seasonal rental opportunities available and they have been on the market an average of 69 days, and at an average price of $11,400. The median price of both furnished and unfurnished seasonal rentals is $8,750.
Source: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics
Featured Home of the Week: This Tudor Colonial at 42 Compo Parkway is listed at $2,499,000
Built in 1927, this classic New England charming stone and brick home has been thoughtfully updated to retain all of its original vintage charm.while catering to today’s ever changing lifestyle needs.
The 4,127 square foot home sits majestically on 1.1 acres on a most desirable cul-de-sac with lovely manicured gardens, mature landscaping, and stone terraces, as well as a built-in pool.
Much of the main floor has hand-hewn beamed ceilings, and the sunken living room has a fireplace. The dining room has a large bay window, more beams, and lots of built-ins.
A fully applianced massive country kitchen has a breakfast bar that seats three, marble counters, more beams and built-ins, and is highlighted by a few strategically placed interior lit glass front cabinets and a wall of windows overlooking the grounds that also adds an abundance of natural light into the room.
The den is impressive and has a “grand lodge” type of feel, with its walls of windows, stone floor and beautifully maintained beamed wood ceiling.
There are six bedrooms in this 11-room home. Each bedroom is charming in its own right, and each bedroom has its own bath. The master bedroom suite has its own fireplace.and a newly renovated bathroom.
The third floor has been finished, and the office that is on this floor also has its own full bath.
This very charming country home has classic New England vintage styling, privacy, access to great amenities, and is very reasonably priced. Annual taxes are $25,673.
Listing/photo courtesy of Higgins Group CT Select
