Groton Market Information 3/28/13

Click Groton Market Information 3/23/13 to see graphs.

Average price per square foot for Groton CT was $144, a decrease of 2% compared to the same period last year. The median sales price for homes in Groton CT for Dec 12 to Feb 13 was $171,500 based on 38 home sales. Compared to the same period one year ago, the median home sales price increased 5.4%, or $8,800, and the number of home sales decreased 5%. There are currently 213 resale and new homes in Groton on Trulia, including 5 open houses, as well as 37 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Groton CT was $364,614 for the week ending Mar 13, which represents an increase of 0.3%, or $973, compared to the prior week.

The median sales price for homes in Groton CT for Dec 12 to Feb 13 was $171,500. This represents a decline of 25.3%, or $58,000, compared to the prior quarter and an increase of 5.4% compared to the prior year. Sales prices have depreciated 22% over the last 5 years in Groton. The average listing price for Groton homes for sale on Trulia was $364,614 for the week ending Mar 13, which represents an increase of 0.3%, or $973, compared to the prior week and an increase of 1.1%, or $4,076, compared to the week ending Feb 20. Average price per square foot for Groton CT was $144, a decrease of 2% compared to the same period last year.
According to Groton.Patch.com: Dates represent the day the property transfer was recorded in Town Hall, not the date of the actual sale.

March 15

Julian Metzger, of  30 Harris Fuller in Preston, sold 24 Washington Drive for $149,900 to Stephen Butler on March 5.

March 18

Judith A. Murphy, of 10 Chatham Berwick in Ledyard sold 100 Essex St. Unit A-11, of the Mystic Yachting Center in Mystic, for $20,000 to Carl W. Kimmich on March 18.

Alfred J. Alcas, of 405 Indigo St. in Groton, sold 405 Indigo Street for $220,000 to Shaun T. Barton on March 15.

March 19

Daniel E. Vakili, of 59 Meridian St. in Groton sold 57-59 Meridian St. for $190,000 to Andrew N. Kidd on March 18.

March 20

Michael R. Powers, of 32 Church Lane in East Lyme and Mary L. Givens and Robin J. Jablonski, of 4 Surrey Lane in Niantic, sold 342 Ridgewood Drive for $250,125 on March 20.

March 21

The Estate of Marcia Jo Ann Jones, of 40 Humboldt Avenue in Providence, R.I.. sold 351 Lestertown Road for $120,000 to Michael R. Collin and Rachelle D. Roy on March 19.

Bridget Morrissey, Realtor

RE/MAX Property Consultants

500 Bridge Street  Groton, CT  06340

(860) 857-5165   bridgetmorrissey@remax.net    www.bridgetmorrissey.com

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