Property Sales

September Property sales were 16, up 128.6% from 7 in September of 2010 and -38.5% lower than the 26 sales last month. September 2011 sales were at their highest level compared to September of 2010 and 2009. September YTD sales of 151 are running 2.0% ahead of last year’s year-to-date sales of 148

Prices

The Median Sales Price in September was $313,875, down -3.4% from $325,000 in September of 2010 and up 30.8% from $240,000 last month. The Average Sales Price in September was $340,203, down -2.9% from $350,200 in September of 2010 and up 26.4% from $269,213 last month. September 2011 ASP was at the lowest level compared to September of 2010 and 2009.

Inventory & MSI

The Total Inventory of Properties available for sale as of September was 113, up 2.7% from 110 last month and down -3.4% from 117 in September of last year. September 2011 Inventory was at a mid range compared to September of 2010 and 2009.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2011 MSI of 7.1 months was at its lowest level compared with September of 2010 and 2009.

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 2011 Selling Price per Square Foot of $147 was up 3.5% from $142 last month and down -2.6% from $151 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 2011 Selling Price vs Original List Price of 97.1% was up from 96.7% last month and up from 96.6% 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 2011 was 37, up 68.2% from 22 last month and up 12.1% from 33 in September of last year.

Homes for sale in South Windsor

If you, or someone you know are looking to buy, or sell a home, please call Tatyana (860) 648-9270. She’ll get you results!