Manchester Connecticut September 2014 Real Estate Market Report

Manchester CT September 2014 Real Estate Market Report

This Home in 21 Conway Rd. Manchester, CT., 06040 is Sold for $155,000.

It is a perfect starter home (3 bedrooms, fenced-in level yard and updated bathroom) for First-Time Home Buyers in Manchester CT.

Manchester Connecticut is called the Town of Village Charm.

There are so many things that this town can offer to its residents.

Its proximity to interstate highways make the commute to neighboring towns and states very convenient.

The Town of Manchester is sprawling with small and large scale shopping centers. It has more than twenty- tree Town Trails, Rave Cinemas at Buckland Hills and a wide selection of restaurants catering to assortment of cuisines.

Manchester CT October 2014 Real Estate Market Report

Currently, there are 275 properties available for sale in Manchester Connecticut. The average price is $221,097 with average square feet of 1,815.

Eighty-six properties have pending sale as of this writing with average price of $165,815 and average square feet of 1,601. The average days on the market for these homes which went under contract is 86 days.

In the month of September, 38 homes were sold. The average size for these sold homes is 1,584 square feet and the average price is $178,511.

The month of August performed better--closed homes is 48 units. This is 10 units more compared to September’s sales. The average price is higher too-pegged at $201,061 with average square feet of 1,712.

The inventory of 275 homes in Manchester Connecticut is expected to be depleted within 6 to 7 months based on historical sales. The Manchester Connecticut market is still considered a balanced market. Neither the seller nor the buyer has a huge advantage or leverage.

Check out September 2014 Manchester CT Real Estate Report

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