Watertown CT Real Estate Sales Report for August 2011
Currently in Watertown CT there are 150 active residential listings for sale, with 21 new listings being added in August. The homes for sale in Watertown CT range from a 1,138 square ft, 1 room cottage in the Lake Winnemaug area listed at $60,000 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 $294,531. The average days on market for these homes is 150 days. In addition, there are currently 22 homes under contract in Watertown CT, with eight having going under contract in August.
In August, 13 homes closed in Watertown CT. They ranged from a 544 square ft, 1-bedroom, lake area cottage REO ranch, which sold for $24,000 to a 2,204 square ft, 3-bedroom, colonial which sold for $384,000. The average price for the homes that closed in August in Watertown CT was $230,785 with an average Days on Market of 70 days. The closed properties had a Sales price to List price ratio of 96%.
By comparison, there were 6 closings in Watertown CT for the month of August 2010, with an average price of $201,898 and avg. days on market of 28. This indicates that for August of 2011, at least, the value of homes sold was higher with more days on market and twice the number of units sold.
For the first six months of 2011, the market sales or absorption rate was 12 sales per month, with an average sales value of $224,625 and average days on market of 100. The current inventory of homes is equivalent to a 13+-month inventory.
There are currently 15 active condos for sale Watertown CT. They range in price from $365,900 for a 2,515 sq ft, 3 bedroom, town-house condo to $69,900 for a 1 bedroom, 774 sq ft town ranch style unit. Average days on market for condos is 127.
There is currently one condo under contract in Watertown CT. In August, no condos sold in Watertown 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 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.
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