GALES FERRY REAL ESTATE MARKET REPORT 7/23/13

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The Gales Ferry Real Estate Market Report is a monthly statement of the median sales price for homes, the number of sales, the average price per square foot for homes, the number of homes for sale, and the average listing price of Gales Ferry homes for sale.

According to trulia.com, the median sales price for homes in Gales Ferry from Apr 13 to Jun 13 was $215,000 based on 6 sales. This represents an increase of 20.1%, or $36,000, compared to the prior quarter and a decrease of 6.5% compared to the prior year or $15,000, and the number of sales decreased 68.4%.

Average price per square foot for homes in Gales Ferry was $135, a decrease of 12.9% compared to the same period last year.

There are currently 85 resale and new homes in Gales Ferry on Trulia, including 3 open houses, as well as 7 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process.

The average listing price for homes for sale in Gales Ferry was $233,710 for the week ending Jul 10, which represents a decrease of 0.8%, or $1,885, compared to the prior week and a decline of 1.5%, or $3,469, compared to the week ending Jun 19.

Bridget Morrissey                            

RE/MAX Property Consultants

500 Bridge Street

Groton CT 06340

Call/Text: (860) 857-5165

Email:  bridgetmorrissey@remax.net

Website: www.bridgetmorrissey.com

Facebook: www.fb.com/mystichomes

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