Market Update Report for Glastonbury for January 2007Residential  The month of January did not show as much of a slowdown as is typical for this time of year mainly because the weather has remained unwinterlike as far as snow.  Right now there are 175 active listings compared to 164 in December.  51 homes came on the market in January compared to 21 new listings in December.  There were 30 homes that went under deposit in January and 24 last month and there were 22 closed sales in January and 34 closed sales in December.  The average sale price was $424,145 and the median sale price was $334,000.  Homes were on the market for an average of 41 days and they sold for 96.43% of the asking price.In January 2006 there were 29 closed sales with an average sale price of $428,813 and a median s... 02/05/2007

What is a short sale?  It happens when you need to sell your property and don't have enough money coming out of the proceeds of the sale to pay off your mortgage.  In that case you would have to come to the closing table with cash to pay off the mortgage.  What if you don't have the cash?  I am going to share my experiences with short sales and I  may be able to help you.I have had some experience with short sales both in representing the seller and in representing the buyer of a short sale home.  When I represented the Seller, in the past 2 instances, when the market was in the tank the last time, I worked with a person who only does short sales and has great contacts with banks.  He is very honest and after talking with the seller and finding out some information, he will tell them if... 01/30/2007

Market Update for Glastonbury for December 2006 and the YearResidentialGlastonbury has 164 active listings on the market at this time which is quite a drop from a high point of about 225.  Some of that can be attributed to the time of year, when some sellers choose to take their homes off of the market in December.  As a matter of fact there were 29 expired listings.  There were 21 new listings that came on the market in December, 24 deposits and 34 closed sales with an average closed price of $447,157.  In December 2005 there were 37 closed sales with an average closed price of $402,032.Looking at the total comparisons between 2005 and 2006, in 2005 there were 449 closed sales with an average closed price of $427,245 and in 2006 there were 380 closed sales with an average sale price of... 01/22/2007