House Hunt

Thinking about a move? Check out your options at this weekend's open houses.

Offerings include:

• 34 Ellsworth Lane, Canton. This four-bed, three-bath, 2,804 square foot home on a 0.75-acre lot is offered at a reduced price of $559,000. Open House is July 10 from 1 to 3 p.m.
• 77 Indian Hill Road, Canton. This home's price has been reduced to $449,000. It has four bedrooms and three bathrooms and 2,808 square feet on a 4.40-acre lot. Open House is July 10 from 1 to 3 p.m.
• 241 East Hill Road, Canton. This three-bedroom, two bathroom, 1,600 square-foot home on a 1.95-acre lot is offered at $250,000. Open House is July 10 from 1 to 3 p.m.

Real-Estate Tidbits

The indicator of how fast homes sell is the “ADOM” or average days on the market.  This is the number of days from when the home is first listed to the time when the transaction is completed, or closed. The Multiple Listing Service provides two types of averages, since some individual transactions an give a false representation of what has happened. The “average” is the sum of all individual ADOMS divided by the number of sales. The median is the middle ADOM when sales are ranked by ADOM order. 

In Canton, during the last six months, the “average” of all 39 sold homes has been 77 days and the “median” 39 days. This compares with 41 homes for a similar six-month period last year of 72 and 51.

In the most recent six months, homes under $200,000 had 88 and 49, $200,000 to $400,000 had 88 and 59. Homes in the range of  $400,000 to $600,000 had 64 and 20, while homes over $600,000 had 71 and 42.  

These statistics are based on information provided to and compiled by the Connecticut Multiple Listing Service covering the period to June 30, 2011. 

Tidbits Information provided by David Sinish, REALTOR®, Realty Works