Cheshire CT Real Estate Sales Report for November 2011
Currently in Cheshire CT there are 115 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $147,500 to a 5100 square ft, 4-bedroom contemporary ranch estate listed at $1,700,000.
The average list price of the homes currently available for sale in Cheshire CT is $446,447. The average days on market for these homes is 168 days. For the month of November, there were 13 additional homes listed for sale in Cheshire CT.
There are currently 14 homes under contract in Cheshire CT, with seven (7) having gone under contract in the month of November. The average list price for the homes under contract is $448,607 with average days on market of 103 days.
In November, 13 homes closed in Cheshire CT. They ranged from a 5,283 sq ft, 3-bedroom, contemporary colonial, which sold for $915,000 to a 1,264 sq ft 2-bedroom REO cape which sold for $95,000. Average sales price of the homes that sold was $412,308. Average DOM of 88 days. The closed properties had a Sales price to List price ratio of 94%.
By comparison, there were 13 closings in Cheshire CT for the month of November 2010, with an average price of $338,631 and avg. days on market of 93. This indicates that there were the same number of homes sold at a slightly higher value, with less days on market.
For the first 11 months of 2011, the market sales or absorption rate was 17 sales per month, with an average sales value of $384,853 and average days on market of 102. The current inventory of homes is equivalent to a 6+ month inventory.
There are currently 53 condos for sale Cheshire CT. They range in price from $651,600 for an over 55 Adults only 2,850 sq ft, 3-bedroom unit to $69,888 for a 1-bedroom, ranch style efficiency unit. There are currently five (5) condos under contract in Cheshire CT.
In the month of November, 6 condos closed in Cheshire CT with an average price of $338,631 and avg. days on market of 93.
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.
Cheshire CT Real Estate Sales Report for November 2011
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