February 2011 Real Estate Sales Report for Middlebury CT

February 2011 Real Estate Sales Report for Middlebury CT

Currently in Middlebury CT there are 69 active residential listings for sale, with 11 new listings being added in February. The homes for sale in Middlebury CT range from a 1,264 square ft, 3-bedroom ranch listed at $165,000 to a 9,619 square ft, 6-bedroom, country estate on 12 acres listed at $2,298,000.

The average list price of the homes currently available for sale in Middlebury CT is $552,446 The average days on market for these homes is 251 days.

In addition, there are currently 3 homes under contract in Middlebury CT. 

In February, 2 homes closed in Middlebury CT. They were a 1,900 square ft, 4-bedroom, REO  raised ranch, which sold for $285,000 and a 3,850 square ft, 4-bedroom colonial that sold for $465,000. Average DOM of 63 days.

By comparison, there were also 2 closings in Middlebury CT for the month of February 2010.

For the year 2010, the market sales or absorption rate was 4 sales per month, with an average sales value of $362,800 and average days on market of 117.  The current inventory of homes is equivalent to a 16-month inventory. 

The only condo developments that are found in Middlebury are 55+ Adult condos. There are currently 16 active condos for sale Middlebury CT. They range in price from $ 529,000 for a 2,471 sq ft, 2 bedroom, active Adult's only condo to $ 299,000 for a 2 bedroom, 1,700 ft, duplex style property. Average days on market for condos is 1,078.

There are currently five (5) condos under contract in Middlebury CT. No condos sold in the month of February in Middlebury CT.

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 Middlebury 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 Middlebury CT.