What sold in Colchester July 2018

Dated: 08/27/2018

Views: 65

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 

For more more details or info about sales in your specific neighborhood contact John Abry

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John Abry

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....

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