GROTON REAL ESTATE MARKET REPORT 6/25/13

According to trulia.com, the median sales price for homes in ZIP code 06340 in Groton from Mar 13 to May 13 was $147,500 based on 39 sales. Compared to the same period one year ago, the median sales price decreased 26%, or $51,950, and the number of sales decreased 18.7%. Average price per square foot for homes in 06340 was $129, a decrease of 7.9% compared to the same period last year. There are currently 259 resale and new homes in ZIP code 06340 on Trulia, including 5 open houses, as well as 24 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 06340 was $481,869 for the week ending Jun 12, which represents an increase of 2.2%, or $10,477, compared to the prior week.

The median sales price for homes in ZIP code 06340 for Mar 13 to May 13 was $147,500. This represents a decline of 14%, or $24,000, compared to the prior quarter and a decrease of 26% compared to the prior year. The median sales price of $147,500 for 06340 is 0.00% higher than the median sales price for Groton CT. Average listing price for homes on Trulia in ZIP code 06340 was $481,869 for the week ending Jun 12, which represents an increase of 2.2%, or $10,477 compared to the prior week and a decline of 0.7%, or $3,415, compared to the week ending May 22.

Bridget Morrissey                            

RE/MAX Property Consultants

500 Bridge Street

Groton CT 06340

Call/Text: (860) 857-5165

Fax: (800) 928-0230

Email:  bridgetmorrissey@remax.net

Website: www.bridgetmorrissey.com

Facebook: www.fb.com/mystichomes

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