Home Buying in Glastonbury>Question Details

Nancy, Home Buyer in Glastonbury, CT

To respond to question asked of me about overpriced house. 3 bedroom 2 baths with 2 car garage. Lenox Dr.

Asked by Nancy, Glastonbury, CT Sun Jan 25, 2009

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4
Nancy, see my answer to your original question.
Web Reference: http://www.JeanneAllard.com
0 votes Thank Flag Link Mon Jan 26, 2009
In the last 6 months houses like that in that area are selling in the high 200's, low 300's at best. Yes I agree it's overpriced. However its a brand new listing. Almost all sellers are living in some state of disillusionment about the value of the home. They probably need a couple months to hit reality.
0 votes Thank Flag Link Sun Jan 25, 2009
Since 1/1/2006, only 4 homes have sold in this neighborhood...all in the high $300,000s. The market has definitely changed, but we haven't seen a huge drop in prices in Glastonbury--only about 3% or so overall. This house is priced fairly accurately for the market...not to say that it couldn't go a bit lower.
Web Reference: http://www.TeamMIG.com
0 votes Thank Flag Link Sun Jan 25, 2009
The issue that you're dealing with is that this listing is brand new to the market...so the homeowner most likely won't be willing to entertain very low offers quite yet. Also, this is a very popular neighborhood and houses don't often come on the market there...
0 votes Thank Flag Link Sun Jan 25, 2009
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