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What sold in Colchester July 2018
New Listings on The Rise?
New listings of single-family homes in Colchester rose 37.5% in July over the same month last year while condo listings realized a drop of 12.5%. Meanwhile, the inventory of single family homes for sale shrank 21.9% to only 50 while condo inventory rose by 33.3% to 16.
July 2018 Market Update
July single-family home sales dropped dramatically by 42.9% to only 12 while the median sales price rose by 7.6%. The month's supply of inventory continues to slide, down 8.3% to only 4.4. Six months is considered a balanced market.
Here's what sold:
- 304 Walden Road $60,000
- 51 Greenbriar Lane $70,000
- 649 Main Street $210,000
- 390 Eagle Park Drive $271,900
- 313 Birchwood Drive $279,000
- 86 Aurielle Drive $325,000
- 241 Sand Road $329,000
- 100 Edgewood Drive $347,000
- 70 Jocelyn Court $388,000
- 1050 Bay Road $432,500
- 51 Madison Drive $440,470
- 1721 Marble Island Road $608,000
Condos sales were also down (37.5%) to only five and the median sales price actually shrank by 8.6% to $191,000 due to lack of sales in the higher end. While the month's supply rose slightly there is still a severe lack of condo inventory with only a 2.3 month supply.
Here's what sold:
- 261 Holy Cross Road $130,000
- 438 Oak Circle $183,000
- 190 Oak Circle $191,000
- 206 Woodbine by the Lake $209,000
- 252 Country Meadows $270,250
John is a Realtor partner in the Heroes Home Advantage program which is a real estate rebate program for those that protect serve and care for our country and communities. (https://www.heroeshomeadvan....