Middlebury CT Real Estate Sales Report for July 2011
Currently in Middlebury CT there are 96 active residential listings for sale, with 9 new listings being added in July. The homes for sale in Middlebury CT range from a 1,232 square ft, 3-bedroom ranch listed at $150,000 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 $529,819 The average days on market for these homes is 218 days. In addition, there is currently 1 home under contract in Middlebury CT.
In July, 10 homes closed in Middlebury CT. They ranged from a 3,418 square ft, 3-bedroom, colonial which sold for $525.000 to a 1,652 square ft, 3-bedroom cape that sold for $176,330. The homes sold in Middlebury CT in July had an average sales price of $304,223 with an average DOM of 68 days. The closed properties had a Sales price to List price ratio of 93%.
By comparison, for the month of July 2010, there were 2 closings in Middlebury CT , with an average sales value of $412,500 and average days on market for these homes is 215 days.
For the first 6 months of 2011, the market sales or absorption rate was 4.5 sales per month, with an average sales value of $362,697 and average days on market of 144. The current inventory of homes is equivalent to an 21-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 $ 274,900 for a 3 bedroom, 2,288 ft, REO town home style property.
There are currently five (5) condos under contract in Middlebury CT. No condos closed in Middlebury CT in July .
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.
Middlebury CT Real Estate Sales Report for July 2011
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