Middletown, CT Real Estate News

By Marabeth Gildersleeve
(Prudential Ct. Realty)
Middletown Market Report -  First Quarter of 2007 and First Quarter of 2008Residential 1/1/2007 - 3/31/2007Closed Sales - 89Average Sale Price - $264,732Average Price/Sq.Ft - $155.03Average Days on Market - 661/1/2008 - 3/31/2008Closed Sales 51Average Sale Price - $255,733Average Price/Sq.Ft. - $163.02Average Days on Market - 64  Overall the number of sales are down 42.7%, a major drop.  Prices are down 3.4% which isn't too bad and days on the market are about the same.  There are 164 homes on the market.Condominiums  1/1/2007 - 3/31/2007Closed Sales - 48Average Sale Price - $165,977Average Price/Sq.Ft - $142.16Average Days on Market - 511/1/2008 - 3/31/2008Closed Sales - 44Average Sale Price - $181,718Average Price/Sq.Ft - $153.04Average Days on Market - 58  The number of sales are dow...
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By Anne Koslik
(William Raveis Real Estate)
If I had to make a living doing real estate at this time I don't know what I would do! I AM SO GLAD I TRULY LOVE LOOKING AT HOUSES AND BEING WITH PEOPLE, MAKING NEW FRIENDS.I have lived in Connecticut all of my life. I grew up in Fairfield County and have lived in every corner of the state currently residing in the "MIDDLE" - Middletown.My style is to give my clients the most up to date information specific to them and then wait for them to contact me when they see a home they want to look at. I think people like their space and if a particular client likes more of the hands on realtor I will adjust accordingly. I am also backed by the finest real estate company I think and I chose William Raveis Real Esate because it is a family value company owned and operated by the Raveis family.I l...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Middletown Market Report for December and a Comparison Between 2006 and 2007 ResidentialThere are 112 active listings on the market in Middletown which means inventory is down.  There were 19 new listings that came on the market, 14 homes went under deposit and there were 11 closed sales.  Below you will see a comparison between Dec. 2007 and Dec.2006:Closed Sales 12/2007:  11                                   Closed Sales 12/2006:  26Avg. Sale Price:  $240,718                                    Avg. Sale Price:  $286,758$/Sq.Ft:  174                                                       $/Sq.Ft:  163DOM:  47                                                             DOM:  65Closed sales were down 52.7% and prices were down 17.1%, yet the price per sq.ft. was up by 6.7%.  It looks like...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Middletown for Oct. 2007 and Year to DateResidentialThe residential market in Middletown seems to be doing fairly well.  There are 134 active listings, 44 listings came on the market in October, there were 25 homes that went under deposit and there were 27 closed sales.  For the year to date compared to the same time period last year prices are down by 1.6% and sales were down 1.8%.  So overall things are looking good in Middletown.                                             Avg.SalePrice      Closed        Avg.Price/Sq.Ft    Avg Days on Mkt Oct 2007$292,54827$16075Oct 2006$295,21239$162511/1/2007 -10/31/2007$270,048336$157611/1/2006 - 10/31/2006$274,294342$16463  CondominiumsThe condominium market also seems to be holding fairly steady.  There are 99 active lsitings,...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Stated Income Loan Programs are very popular Loan Program for Self Employed and Commission Income Borrowers.  However, with all the change that have occurred in the Lending Industry, these loans have become more difficult to do.  So you may ask, if these loans are more difficult to do these day, why am I doing a post about them?  The answer is simple, it is to give a warning to anyone who took out one of these loans, and finds themselves in default today.  But main reason for this Post is to advise those who might take out one of these loans in the future.  For those who have one of these loans, you should check to see if one of the disclosures in your loan packet is a 4506 Request For Copy Of Income Tax Return Form.  For those who might do one of these loans in the future, you need to ...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Middletown for July 2007 and Year to DateResidential There are 136 active residential listings in Middletown.  In July 51 new listings came on the market, 30 homes went under deposit and there were 42 closings.  The average sale price was $253,077, the average per sq.ft. price was $159 and the average days on the market were 44.  In July of 2006, there were 37 closed sales with an average sale price of $277,418, an average per sq.ft. price of $166 and an average of 53 days on the market.  Looking at these comparisons, prices were down 7.8% and per sq.ft.prices were down 4.2%. Comparing the first 7 months of 2006 to the same time period in 2007, in 2006 there were 224 closed sales with an average sale price of $275,793, an average per sq.ft. price of $166 and the averag...
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By Carl Guild, Central Connecticut Real Estate
(Carl Guild & Associates)
Welcome to 81 Aresco Drive in the heart of Middletown!! Offered at $599,000 There's plenty of room for a large family in this 4-bedroom/3.5-bath Colonial home convenient to Rt 66 & Rt 9 in Middletown, CT. Offers a gracious great room with wood floors, fireplace for winter nights, dining room, master suite with whirlpool tub for tired bones, his-and-her closets for better organization, dual sinks, first-floor laundry, open floor-plan, walk-out basement, contemporary kitchen with double sinks, granite countertops, breakfast bar for serving buffets, home office, large foyer, mud room, large deck, Corinthian columns, 3-car garage, balcony.For more details visit www.CarlGuild.com!For more details visit www.CarlGuild.com!Carl GuildPrudential CT Realty860-539-5373mail@carlguild.com  
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Middletown for May 2007 Residential There were 144 active listings on the market in May compared to 140 in April.  48 new listings came on the market, 47 went under deposit and there were 33 closed transactions.  The average sale price was $261,035, with a per sq.ft price of $157 and average days on the market of 58.  Last month there were 26 closed transactions with an average sale price of $279,955.  Compared to May of 2006 the closings went down from 46 last year in May to 33 this year and the average sale price went down from $273,232 last year to $261,035 this year.  Prices compared to last year appear to have dropped by about 4.5% and number of sales dropped by 28%.  There is about a 3 month supply of homes on the market.Comparing the first 5 months of 2006 to th...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Middletown for April 2007Residential There are 140 active listings in Middletown.  For the month of April there were 65 new listings, 29 homes went under deposit and there were 26 closed transactions.  The average sale price was $279,955 and the median sale price was $253,250.  Homes sold for 98.51% of their final asking price and were on the market for an average of 65 days.  Compared to April 2006, the numbers are about the same.  In 2006 there were 25 closed sales, with an average sale price of $272,226 and a median sale price of $234,900.  Homes sold for 98.09% of their final asking price and were on the market for an average of 98 days.  Prices went up this year by 2.8%  and were on the market 33 days less than last year.  The absorption rate shows a 4.8 month sup...
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By Tom Abbate
(William Raveis Real Estate)
Middletown Connecticut, the hub of Middlesex County, is located on the Connecticut River, with easy access to major highways, airports, railroads and other modes of transportation. The city's forty-two square miles include rural, suburban and urban settings, an historic downtown, Wesleyan University, and large city-owned parks and open spaces.The downtown area main street has many interesting old buildings which now house thriving businesses and restaurants.  The city is rich with churches of mulitple denominations, hospitals, small museums, and schools. In addition it is  about 2 hours away from New York City and Boston, and 30 minutes from New Haven and Hartford. Middletown homes range from Historic to contemporary. Prices range from about $49,000 for a mobile home to $2,000,000. 
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Middletown for March 2007 and the 1st QuarterResidential Total residential listings in Middletown for the end of March was 130.  46 new listings came on the market, 48 went under deposit and there were 29 closed transactions.  The average sale price was $253,588 and the median sale price was $240,000.  Homes sold for an average of 97.16% of their final asking price and were on the market for an average of 78 days.  Compared to February, the number of listings is down from 142 to 130, the average sale price is down from $275,012 to $253,588 and the days on the market were unchanged.Compared to March of 2006, the number of closed transactions went  down from 38 last year to 29 this year.  The average sale price went down from $298,660 last year to $253,558 this year.  Th...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Report for Middletown for February 2007ResidentialFor the month of February 48 new listings came on the market, 36 listings went under deposit and there were 16 closed sales.  The average selling price was $275,012 and the median sale price was $262,500.  Homes were on the market for an average of  78 days and they sold for 97.54% of their final asking price.  There are a total of 142 active listings on the market.Compared to the January numbers, deposits were up by 5, closings were down by 12.  The average sale price went up from $251,118 to $275,012 and the selling price percent stayed about the same. Compared to February 2006 closed sales, sales were down by 3 this year, but the average sale price was up from $250,947 in 2006 to $275,012 in 2007.Looking at the statistics for t...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Update for Middletown for January 2007ResidentialAt the end of January in Middletown there were 143 active listings, an increase of 20 active listings compared to the end of December.  There were 64 new listings that came on the market in January, 31 went under deposit and 28 closed.  The average sale price was $251,118 and the median sale price was $252,000.  Houses sold on average for 97.2% of the asking price and the average days on the market were 51.  Comparing these numbers to December, in December there were 23 new listings, 25 deposits and 22 closed sales with an average closed sale price of $301,259.  Right now the inventory is enough for 4 ½ months. Comparing this January to January 2006, in 2006 there were 18 closed sales with an average sale price of $269,465 and a me...
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By Marabeth Gildersleeve
(Prudential Ct. Realty)
Market Update for Middletown for December 2006  Residential  In Middletown the number of active listings is down from last month, with only 123 homes currently on the market.  Part of this is because of the time of year, since 28 listings expired in the month of December.  There were 23 new listings, 25 deposits taken and 22 closed sales.  The average closed sales price was $301,259.  In 2005 there were 38 closed sales in December with an average sale price of $271,590, so for the month of December the average sale price increased.Looking at a comparison of the market between 2005 and 2006 for the whole year, in 2005 there were 470 closed sales with an average sale price of $278,055 and in 2006 there were 381 closed sales with an average sale price of $275,416. There was a 19% decrease ...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Most of the sermons that our Minister preaches on Sunday Morning hit home with me, in fact most of the time I think that the sermon is about me.  It isn’t, but that is what a good sermon should do, talk directly to us and make us look at ourselves.  Yesterday morning however, it was not the sermon that talked to me, but a story that he told about his daughter when she was in Kindergarten.  Most of us are familiar with a method of discipline called “Time Out”.  When a child misbehaves they are sent to for “Time Out” some where in the room or house by themselves, but this Kindergarten Teacher had a different method.  His daughter came home and told him that one of the little boys in the class had missed behaved, and that the Teacher had sent him to the “Stop & Think Chair”.  Everyone at C...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
Let’s face it, buying a home can cause some anxiety, but it doesn’t have to. The more you understand about the financial aspects of buying a home and the process you’ll go through, the smoother the transaction will go. But that understanding depends upon working with knowledgeable professionals who will take the time to fully explain everything.  It is my intent with this Post to provide prospective Buyers with the necessary information to begin this process. There are three very basic, but in my opinion the most important steps that any Homebuyer, but especially First Time Homebuyers, should take when they begin to look for a house. Opt Out - In my Opinion, the first step in obtaining a Mortgage is for the Buyer to “Opt Out” from having their Credit information sold to Lenders who are ...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
I firmly believe that the difference between a successful sales person and one that isn’t, is “Motivation”.  A successful sales person does not need to report to an office and have someone tell them what they have to do.  A successful sales person does not have to have someone checking on them to see if they are doing what they are suppose to be doing. A successful sales person does not wait around for the phone to ring, they make it ring. What does a successful sales person have that others are missing?  It is simple, it is “Motivation”.  A successful sales person is a self motivated person.  They can motivate themselves to do the things that have to be done each and every day to be successful.  They are motivated to do what needs to be done even when they don’t feel like doing it.  Th...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
If there is one thing that two and half months on ActiveRain has reinforced in me, is that if you are going to be in the Real Estate Industry, then we MUST always be prepared.  Both of my boys are Eagle Scouts, and the Boy Scouts Motto of “Be Prepared”.  This Motto was drummed into them very early in life.  The Boys Scouts not only teach the Scouts to “Be Prepared” they live it.  Scouting involves a lot of camping and back packing.  A Scout has to “Be Prepared” for anything and everything when they are out in the woods.  They have to learn how to pack not only everything that they will need, but also to pack only what they will need since they will have to carry everything they pack by themselves.  They have to take every situation into consideration, and then make sure that they are eq...
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By George Souto, Your Connecticut Mortgage Expert
(George Souto NMLS #65149 FHA, CHFA, VA Mortgages)
This is the time of year when most people in the Real Estate Industry are putting together their Business Plans or setting goals for 2007.  Some will be doing their Business Plan or setting goals in writing, while others will take a less formal approach and just make a conscious personal decision to what they want to accomplish in the up coming year.  We all need goals in our life and in our business.  If we do not have goals and a direction of where we want to be, then we will never get there. Can you imagine stating out on a trip to a specific location, and not have a clue as to how you were going to get there.  What do you think the odds would be that you would just accidentally find your way there?  Not very good I would say.  So what makes anyone think that they are going to get wh...
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