Manchester CT Duplex – Investor Ready Monday, Oct 29 2012 

 

16-18 Hathaway Lane, Manchester, CT 06040

The market is picking up, the cost of money is low and the end of the year is right around the corner making this the perfect time to invest in real estate. This Manchester CT Duplex – Investor Ready is fully rented and offers positive cash flow making this a great investment property.

Each unit has four rooms with two bedrooms and one full bath. They feature eat-in kitchen, hardwood floors on upper levels (even under carpets), laundry hook-ups and newer furnaces. There was a large deck installed approximately seven years that offers nice outdoor entertainment space. Each unit also has separate paved driveway, entrances and utilities.

Looking for a good end of year investment, this Manchester CT Duplex – Investor Ready is the property for you!

Manchester CT Market Update Sunday, Sep 2 2012 

Manchester CT Market Update

Everyone is always asking how’s the market? It’s a tough question to answer as it can depend on the town, some are better than others. The effects of the past year may still linger in some towns but what I have found is that there is still some improvement. Manchester, CT is one such town being that it is a larger town and the inventory is much more diverse.

As we review a few key statistics we do have to keep in mind that in most markets the summer months tend to be slower so you do have to look at the overall big picture. In this year-to-date snap shot of the Manchester CT Market Update you will that how the market is changing and that it is making strides.

Recovery takes time and as you can see not every statistic is positive but overall prices in Manchester have improved which is a step in the right direction.

Property Sales

August Property sales were 17, down -22.7% from 22 in August of 2011 and -58.5% lower than the 41 sales last month. August 2012 sales were at their lowest level compared to August of 2011 and 2010. August YTD sales of 214 are running 15.1% ahead of last year’s year-to-date sales of 186.

 Prices

The Median Sales Price in August was $183,000, up 4.6% from $175,000 in August of 2011 and up 5.2% from $174,000 last month. The Average Sales Price in August was $190,144, up 5.1% from $180,882 in August of 2011 and down -8.0% from $206,610 last month. August 2012 ASP was at a mid-range compared to August of 2011 and 2010.

Market Time

The average Days on market (DOM) show how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for August was 81, up 22.7% from 66 days last month and up 14.1% from 71 days in August of last year. The August 2012 DOM was at its highest level compared with August of 2011 and 2010. Note-when a home is priced right from the beginning the home will sell much quicker.

 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 August 2012 Selling Price per Square Foot of $114 was down -5.8% from $121 last month and down -7.3% from $123 in August of last year.

 Ready to buy or sell this Manchester CT Market Update will help you understand the current market conditions. Then contact Your Central CT Realtor, schedule an appointment to discuss your real estate needs.

 Footnote: Based on information from Connecticut Multiple Listing Service, Inc. for the period 9/1/2009 through 8/31/2012. Due to MLS reporting methods and allowable reporting policy, this data is only informational and may not be completely accurate. Therefore, Coldwell Banker Residential Brokerage does not guarantee the data accuracy. Data maintained by the MLS’s may not reflect all real estate activity in the market.

Manchester, CT Home for Sale ~ 156 Bissell St Saturday, Apr 16 2011 

Nice Cape Cod with four-car garage!

 

Lovely 1300sf home!

 

Calling all car enthusiasts, hobbyists or anyone in search of a home with a spacious garage. If this is you? I have a home that you will want to see!

This lovely home located at 156 Bissell St, Manchester, CT offers three bedrooms, two full baths, formal dining room and spacious eat-in kitchen.  There is also a living room with wood stove insert, the family room and one full bath on the main floor. The second floor has a full rear dormer that adds extra space to the three upper bedrooms and one full bath.  Rounding out the interior of the home is a 21X17 finished rec room in the basement and hardwood floors thru-out.

The home has been  nicely maintained with both front and back exterior doors newly replaced.  The bonus feature is the oversized four-car garage, this size of garage is hard to find, there is a wood stove on one side and additional attic space with easy pull down stair access. This garage offers tremendous storage space and opens the doors to so much potential. This Manchester, CT home for sale is also centrally located with easy access to highways, shopping, commuter bus line, parks and schools.

If you would like more information about this home or would like assistance making your next move feel free to contact me.

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