WATERTOWN CT-REAL ESTATE MARKET REPORT for JANUARY 2012
Watertown CT-Real Estate Market Report for January 2012 The real estate market in Watertown CT is continuing to show improvement, with higher average sales prices in January 2012 compared to January 2011, but slightly lower compared to December 2011. Most sellers are seeing offers within 3-6% of their asking prices, so if you are thinking about selling your home, as long as you list it according to market values, you should be able to get an acceptable offer on your home.
There are 106 single family Watertown CT homes for sale, with an average listing price of $299,229 and 191 days on market, ranging from an 1138 sq. ft. 1 bedroom cottage being offered for $60,000 to an8908 sq. ft. 7 bedroom colonial being offered for $1.8 million.
Here is a breakdown of the home prices in Watertown CT:
You can get a better sense of what the real estate market for Watertown CT looks like by viewing the information by zip code:
Homes for Sale
8 homes were sold in Watertown CT in the month of January. The average sale price was $220,215, had an average of 63 days on market and an average sales price/list price ratio of 96%, ranging from a 956 sq. ft., 3 bedroom colonial that sold for $92,500 to a 2381 sq. ft., 3 bedroom cape that sold for $458,223. By comparison, in January 2011, 7 homes were sold in Watertown, with an average sale price of $198,429 and an average of 82 days on market.
The Watertown CT real estate market is still in a buyer’s market with 8 months of inventory at an absorption rate of 13.5 homes being sold each month over the last 6 months with 106 homes currently on the market.
These are theeight homes that sold in the Watertown CT area in the month of January:
The two charts show that while the majority of homes on the market in Watertown is over $250,000, the majority of sales are of homes that are under that amount, and usually take under 3 months to sell. This trend over the last several months says that sellers in the higher price ranges can expect for their homes to sell for close to listing price, but should also expect for their homes to be on the market longer than their lower priced counterparts.
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For further information about theWatertown CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale.I look forward to discussing with you Watertown CT homes for sale.