What sold in Colchester July 2018

Dated: 08/28/2018

Views: 47

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

Blog author image

John Abry

John is a partner inthe Heroes Home Advantage program which is a real estate rebate program for those that protect serve and care for our country and communities. He enjoys assisting buyers and selle....

Latest Blog Posts

Will YOU Help Me Feed The Hungry?

I started "Fill The Truck For The Food Shelf in 2012 and have grown the program each year. This year with the help of the Colchester-Milton Rotary Club we collected 2,652 pounds of food

Read More

Home Services Directory

This list includes names given to us by customers and clients. We pass it on only as a convenience and without warranty of any kind. It is always best to make a thorough inquiry, ask for references,

Read More

What sold in Colchester August 2018

Sales Up and Down in ColchesterClosed sales of single-family homes in Colchester dropped 22.7% at 17 compared to August 2017 while condo sales rose 42.9% to 10. Comparatively, sales for all of

Read More

Most Recommended Service Providers

Service ProvidersIn the real estate business, I am constantly asked for recommendations of all kinds of home services providers. From home inspectors to plumbers or attorneys to insurance,

Read More