Watertown CT Real Estate Sales Report for May 2011
Currently in Watertown CT there are 159 active residential listings for sale, with 41 new listings being added in May. The homes for sale in Watertown CT range from a 888 square ft, 4 room REO cottage in the Lake Winnemaug area listed at $24,400 to a 8,908 square ft, 7-bedroom, colonial estate on 11.7 acres listed at $1,800,000.
The average list price of the homes currently available for sale in Watertown CT is $317,177. The average days on market for these homes is 122 days. In addition, there are currently 12 homes under contract in Watertown CT, four having gone under contract in May.
In May, 14 homes closed in Watertown CT. They ranged from a 1,225 square ft, 3-bedroom corporate owned ranch, which sold for $94,000 to a 3,200 square ft, 4-bedroom, colonial which sold for $490,000. The average price for the homes that closed in May was $242,458 with an average Days on Market of 103 days.
By comparison, there were 13 closings in Watertown CT for the month of May 2010, with an average price of $214,977 and avg. days on market of 65. This indicates that for May, at least, value of homes sold was higher with more days on market and slightly almost the same number of units sold.
For the year 2010, the market sales or absorption rate was 11 sales per month, with an average sales value of $225,745 and average days on market of 83. The current inventory of homes is equivalent to a 14+-month inventory.
There are currently 17 active condos for sale Watertown CT. They range in price from $379,900 for a 2,515 sq ft, 3 bedroom, town-house condo to $81,000 for a 1 bedroom, 795 sq ft town ranch style unit. Average days on market for condos is 81.
There is currently 1 condo under contract in Watertown CT. In May, one condo sold in Watertown CT. It was a 795 sq ft 1-bedroom efficiency unit which sold for $85,000 after 183 days on market.
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 Watertown 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 Watertown CT.
Watertown CT Real Estate Sales Report for May 2011
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