Glastonbury is located in Hartford County. As of 2005, it had 33,089 residents. Looking for a home in Glastonbury, Connecticut? I’m an experienced real estate agent with years in this community and can help you find the home you're looking for. For unique information, feel free to contact me and browse the listings below.
Real Estate
Absorption Rate Analysis; that is, how many homes the market on a monthly basis absorbs & how does it affect me & my home? Precisely how does a buyer or seller know when a real estate market most favors buyers or sellers? No buyer wants to pay too much & no seller wants to leave money on the table by pricing too low. The answer is in knowing the market absorption rates. Property absorption rates in any local real estate market are usually considered the best indicators of whether that market is a sellers’ market, a buyers’ market, or a neutral market. Knowing the current real estate market cycle is essential for success as either a buyer or seller.
Sellers’ Market – Absorption Rates 1-4;
Neutral Market – Absorption Rates 5-6;
Buyers’ Market – Absorption Rates greater than 7
The process of calculating absorption rates for local markets will be helpful to anyone trying to figure out the current real estate cycle & how to formulate a winning buying or selling strategy.
For instance, there are currently
191 Single Family Homes for sale in Glastonbury.
There are 28 homes under deposit or deposit/show status
189 homes sold over the last six months
The absorption rate would then be 189 divided by 6 = 31.5 divided into 191 active for sale. An absorption rate of 6.06 indicates a neutral market and, that in an unchanged market, it will take:
6 months to sell all the 191 active listings
This basic analysis can be used with most of property types including building lots, homes, condominiums, or even commercial properties. The absorption rate analysis also helps buyers in that in a buyer's market a low purchase offer is often a winning strategy.
For true local and knowledgeable service in the Glastonbury market, contact Lisa directly at 860-633-7235 x 203.
Attractions
Named after a town in England, Glastonbury has a storied history. Its origins can be traced back to 1636 when six families settled in the area. It also is home to the oldest continuously operating ferry in the United States. Glastonbury was used as a gunpowder factory during the Revolutionary War and later became an industrial powerhouse. Today Glastonbury is known for its residential charm. The Glastonbury Apple Harvest Festival, the town’s largest event, features carnival rides, parades, and plenty of family entertainment. In addition, Glastonbury hosts the Apple Blossom Open, a popular golf tournament held every June. Glastonbury is less than 7 miles from Hartford, the state capital. The town also is located on the banks of the Connecticut River, making it a prime spot for fishing and boating. From its foothills you can see Hartford rising in the distance.
Education
Six elementary schools, 2 middle schools, and Glastonbury High School serve the Glastonbury area. There are 3 private schools that focus on younger children. Local colleges include Trinity College in Hartford and the University of Hartford. Glastonbury is less than an hour away from Yale University.
Recreation
Following an initiative by the Governor of Connecticut, Glastonbury created the Living Well in Glastonbury Program, a health awareness system; this program includes seasonal competitions like a series of bike races in the summer. The Glastonbury Riverfront Music Festival is a series of free concerts held in July. The Glastonbury Parks and Recreation Department, building on a 300-year tradition of environmental preservation, operates 24 multi-purpose facilities. For instance, eight of the parks have hiking paths while 12 have baseball/softball fields. |