Cheshire CT Real Estate Sales Report for May 2011
Currently in Cheshire CT there are 200 active residential listings for sale. They range from a 907 square ft, 3-bedroom cape, listed at $107,900 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 $442,901. The average days on market for these homes is 121 days.
For the month of May, there were 49 new homes listed for sale in Cheshire CT. The average list price of the new listings available for sale in Cheshire CT is $425,437.
In addition, there are currently 17 homes under contract in Cheshire CT, with five (5) having gone under contract in the month of May. The average list price for the homes under contract is $474,800 with an average days on market of 136 days.
In May, 19 homes closed in Cheshire CT. They ranged from a 1,236 sq ft, 3-bedroom, ranch home which sold for $184,000 to a 3,300 sq ft 4-bedroom colonial which sold for $615,000. The average sales price of the homes that sold was $383,000. Average DOM of 99 days.
By comparison, there were 16 closings in Cheshire for the month of May 2010, with an average price of $365,153 and avg. days on market of 80.
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 an 11-month inventory.
There are currently 63 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 $85,500 for a 1-bedroom, ranch style efficiency unit. There are no condos under contract in Cheshire CT.
In the month of May, 8 condos closed in Cheshire CT with an average price of $189,225 and an average DOM of 113.
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.
Comments(2)