February 2011 Real Estate Sales Report for Cheshire CT

February 2011 Real Estate Sales Report for Cheshire CT

Currently in Cheshire CT there are 136 active residential listings for sale. They range from a 972 square ft, 3-bedroom cape, listed at $128,900 to a 5600 square ft, 4 bedroom colonial estate listed at $1,990,000

The average list price of the homes currently available for sale in Cheshire CT is $448,236. The average days on market for these homes is 160 days. 

For the month of January, there were 15 new homes listed for sale in Cheshire CT.  The average list price of the new listings available for sale in Cheshire CT  is $338,597.

In addition, there are currently 17 homes under contract in Cheshire CT , with three (3) having gone under contract in the month of February. The average list price for the homes under contract is $485,982 with an average days on market of  102 days. 

In February, 9 homes closed in Cheshire CT. They ranged from a 1,662sq ft, 3-bedroom, raised ranch home which sold for $190,000 to a 3,794 sq ft 4-bedroom colonial which sold for $549,900. The average sales price of the homes that sold was $323,244.  Average DOM of 139 days.

By comparison, there were 11 closings in Cheshire for the month of February 2010, with an average price of $333,609 and avg. days on market of 120.

For the entire year of 2010, the market sales or absorption rate was also just over 17 sales per month, with an average sales value of $362,988 and average days on market of 99. The current inventory of homes is equivalent to a 8-month inventory.

There are currently 34 condos for sale Cheshire CT. They range in price from $ 589,900 for an over 55 Adults only 2,950 sq ft, 3-bedroom unit to $64,900 for a 1-bedroom, ranch style efficiency unit.

There are also 5 condos under contract in Cheshire CT, 2 of which went under contract in February.

In the month of February, 2 condos closed in Cheshire CT with an average price of  $157,450 and an average DOM of 63.

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.

If you would like information on homes for sale in Cheshire CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Cheshire CT.