Middlebury CT Real Estate Sales Report for October 2011
Currently in Middlebury CT there are 89 active residential listings for sale. They range from a 1,264 square ft, 3-bedroom ranch listed at $159,900 to a 4,100 square ft, 3-bedroom classic colonial estate listed at $2,200,000. The average list price of the homes currently available for sale in Middlebury CT is $510,223. The average days on market for these homes is 273 days. For the month of October, there were 9 new homes listed for sale in Middlebury CT.
In addition, there are currently 2 homes under contract in Middlebury CT, with one (1) having gone under contract in the month of October.
In October, 2 homes closed in Middlebury CT. They were a 3,860 sq ft, 4-bedroom, colonial, which sold for $800,000 and a 9,619 sq ft, 17 room colonial estate on 15 acres that sold for 3-bedroom cape which sold for $1,950,000. Average DOM of 125 days. The closed properties had a Sales price to List price ratio of 99.5%.
By comparison, there were 7 closings in Middlebury for the month of October 2010, with an average price of $287,686 and avg. days on market of 95.
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 $394,236 and average days on market of 104. The current inventory of homes is equivalent to a 20-month inventory.
The only condo developments that are found in Middlebury are 55+ Adult condos. There are currently 15 condos for sale Middlebury CT. They range in price from $ 529,000 for a 2,471 sq ft, 2-bedroom unit to $259,900 for a 3-bedroom, REO unit. There are currently five (5) condos under contract in Middlebury CT. In the month of October, no condos closed 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.
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