Manchester Connecticut Real Estate Market Report-February 2014

Manchester Connecticut Real Estate Market Report

Town of Manchester: The Silk City. Why Silk City? Manchester has acquired the name Silk City because in this town, the Cheney family started what became the world’s largest silk mill in 1838. As the town’s tribute to the Cheney family, the mills, houses of the owners, and homes of the workers are now part of the Cheney Brothers Historic District, a National Historic Landmark.

Manchester–A City of Village Charm. In 1935, a man named Malcolm Mollan won $25 for his entry to the slogan contest manchester ct real estate market reportsponsored by the Chambers of Commerce that best suited the Town of Manchester to boost tourism. The town has a total area of 27.7 square miles (71.7 km²), of which, 27.3 square miles (70.6 km²) of it is land  and 0.4 square miles (1.1 km²) of it (1.52%) is water, according to the United States Census Bureau.

(Click on the image to enlarge)

Manchester CT Homes for Sale

Manchester CT Homes for Sale

 

Manchester Connecticut has 188 active listings as of this writing. The most expensive property is listed at $649,900 with 6952 square footage, 4.5 bathrooms and 7 bedrooms. It has been on the market for 849 days now. The average listing price is $215,774. The average size is 1780 sq.ft. with 1.5 bathrooms and 3 bedrooms. The Average Days on Market is 106 days.

Properties Under Contract (Click on the image to enlarge)

Manchester CT Homes Under Contract

Homes in Manchester CT with Pending Sales

 

 There are 68 properties under contract to this date. The most expensive home under contract is listed at $395,900 with 3,596 sq.ft., 5 bathrooms and 5 bedrooms. It has been on the market for 678 days before it went under deposit.

The average listing price is $159, 168 with 1,615 sq.ft., 1.5 bathrooms and 3 bedrooms.

Sold Units-December 2013 (Click on the image to enlarge)

Sold Homes in Manchester CT

Manchester CT Sold Homes in December

 

Sold Units-January 2014 (Click on the image to enlarge)

Manchester CT Sold Homes

Sold Homes in January

 

December 2013 performed better than in January 2014. Sales in January is down by 20 units. The difference in the average listing price is not significant.

Using 23 and 43 units sold as basis for the absorption rate, the current inventory of 188 properties would be depleted in 5.69 months.

Homes for Sale in Manchester Connecticut

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About Maria Gilda Racelis

I am a full-time realtor and a no-nonsense individual when it comes to rendering services to my clients. I take my job and the responsibility it entails seriously. My clients come first. I ensure that they know and feel I am working for their best interest. However, I do not carry out tasks to compromise my principle. I conduct my business with pride, honesty and integrity. I will do whatever it takes to meet their goals while adhering to my principle. "And the connection I make with the clients throughout the process, that to me is how I define success." Buying and selling homes can be very stressful. It is my job to make the process easy and fun as can possibly be for my clients. I take personal gratification from the smile on the faces of highly satisfied clients. I have amassed 100% positive and rewarding testimonials from my clients after many years of experience in real estate business. To enhance competency in the field for my clients' benefit, I continually seek to further my knowledge and expertise. With this in mind, I hold the following designations and expect to add more as the need for them arise. If you are looking to work with a competent professional realtor who will put the best foot forward for your best interest, you have just read her profile. I am always available to listen to your concerns and questions. Please do not hesitate to contact me anytime.
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