In Gales Ferry, there are currently 67 single family homes that are on the market. It continues to look like the real estate market is trending relatively flat. The list price is down just a few points to $261k and the active days on the market is up 8 to 152 days. The average size of the house is down 23 but the bedrooms and bathrooms stayed the same.
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Currently there are 17 properties under deposit. This is one less than last month and the average list price went down $3,000. Active days on the market went up from 62 to 88 and the size on the house also went down. The highest priced home under deposit in Gales Ferry is $508,000.
There have been 81 properties that have sold in the last 12 months in Gales Ferry. This is down from last month where the 12 month numbers were at 83 closed residential homes. The average price also fell $2,000 to $229,461 while the median stayed the same. Sellers were able to sell their home slightly closer to their list price and the average active days on the market also improved, ticking up a tenth of a percent and down from 90 to 84 days on the market.
Gales Ferry real estate continues to lag the national market. There are signs that things are stabilizing but it is difficult to say when the market will really start to break out and move up. If you have other questions and would like to talk with a Gales Ferry Real Estate Agent, please give us a call. Otherwise, you can visit our home page and learn more about our homes for sale in Gales Ferry.
The following information is based on information from the CTMLS and is based on single family residential homes sold within the last 12 months as of 9/14/14.