Gales Ferry Real Estate Market Report 4/10/13

According to trulia.com, the median sales price for homes in ZIP code 06335 in Gales Ferry from Jan 13 to Mar 13 was $176,500 based on 10 sales. Compared to the same period one year ago, the median sales price decreased 15.1%, or $31,500, and the number of sales decreased 47.4%. Average price per square foot for homes in 06335 was $128, an increase of 6.7% compared to the same period last year. There are currently 66 resale and new homes in ZIP code 06335 on Trulia, including 2 open houses, as well as 11 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 06335 was $237,935 for the week ending Apr 03, which represents an increase of 1.9%, or $4,409, compared to the prior week.

Click here for graphs of the Gales Ferry Real Estate Market Report

Trulia.com also reports that the median sales price for homes in ZIP code 06335 for Jan 13 to Mar 13 was $176,500. This represents a decline of 9.5%, or $18,500, compared to the prior quarter and a decrease of 15.1% compared to the prior year. Sales prices have depreciated 43.1% over the last 5 years in 06335, Gales Ferry. The median sales price of $176,500 for 06335 is 0.00% higher than the median sales price for Gales Ferry CT. Average listing price for homes on Trulia in ZIP code 06335 was $237,935 for the week ending Apr 03, which represents an increase of 1.9%, or $4,409 compared to the prior week and an increase of 4.8%, or $10,860, compared to the week ending Mar 13. Average price per square foot for homes in 06335 was $128 in the most recent quarter, which is 0.00% higher than the average price per square foot for homes in Gales Ferry.

Bridget Morrissey is a Realtor with RE/MAX Property Consultants at 500 Bridge Street in Groton CT.  Call/Text her at (860) 857-5165 or vist her website at http://www.bridgetmorrissey.com.

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