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Tolland Real Estate Market Update

Posted by Rocco Sanzo, December 11, 2012 at 11:28 pm

Properties sold in November 2012 (13) were up slightly as compared to 2011 (10) and 2010 (7). A good sign with increases for three years in a row.

Also, the Average Sales Price (ASP) in November 2012 was $282,531 up 26.3% compared to November 2011 at $224,000.

And, days on the market (DOM) has increased slightly over the past three year; 2010=64; 2011=87 and 2012=97.

See attached report to find out more on how the Tolland Real Estate Market is doing YTD!

All information provided by Coldwell Banker Residential Brokerage via the CTMLS.

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q May 24, 2013 at 03:24 pm

Thank you for taking the time to respond. Your answer regarding the importance of having a larger…Read More meeting space at the library makes sense. I have long felt that our library was inadequate and an expansion makes more sense than a new building. I am concerned, though, whether this is the right time for us to be taking on new debt when we can't properly fund our schools. I hope more detailed information will be available soon. Thank you again.

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These are good questions. We're gathering more information to have available for Tuesday's council…Read More meeting, so we can answer questions 1 and 3 then (if not before). As to question 2, I know the many grants that the Friends of the Library and the Tolland Public Library Foundation give to the library must be used to benefit the library (for example, under conditions of the bequest the Foundation received a few years ago). While there is arguably space in other buildings, these grants must be used in most cases to support programs held at the library. Due to space limitations at the library, the Foundation has in a pinch held programs at the high school and senior center, but we don't like to do that because one aim of the events is to have more people come to and use the town library. Thank you for your questions and interest in the project, Kate Farrish Secretary, Tolland Public Library Foundation

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q May 24, 2013 at 10:28 am

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q May 21, 2013 at 01:25 pm

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