Cheshire CT Market Report for September 2012
Search for Homes in Cheshire CT
Currently in Cheshire CT there are 182 active residential listings for sale. They range from a 1,464 square ft, 4-bedroom ranch needing repairs listed at $100,000 to a 10,000 square ft, 6-bedroom Tudor listed at $1,999,000.
The average list price of the homes currently available for sale in Cheshire CT is $422,803. The average days on market for these homes is 114 days. For the month of September, there were 35 homes listed for sale in Cheshire CT.
There are currently 24 homes under contract in Cheshire CT. Seven homes went under contract in the month of September. The average list price for the homes under contract is $440,104 with average days on market of 63 days.
In September, 25 homes closed in Cheshire CT. They ranged from a 1,240 sq ft, 3-bedroom ranch, which sold for $142,500 to a 3,972 sq ft 4-bedroom colonial which sold for $725,000. Average sales price of the homes that sold was $379,556. Average DOM of 59 days. The closed properties had a Sales price to List price ratio of 95.8%.
By comparison, there were 15 closings in Cheshire CT for the month of September 2011, with an average price of $373,633 and avg. days on market of 100. This indicates that in 2012 there were 80% more homes sold, at only a slightly higher value with less days on market.
For the first 9 months of 2012, the market sales or absorption rate was 18 sales per month, with an average sales value of $341,641 and average days on market of 72. The current inventory of homes is equivalent to a 10 month inventory, which is a strong buyer’s market.
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 Market Report for September 2012
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