Watertown CT Real Estate Sales Report for December 2013
Currently in Watertown CT there are 107 active residential listings for sale, with 11 new listings being added in December. The homes for sale in Watertown CT range from a 1,152 square ft, 3-bedroom colonial listed at $75,000 to a 8,908 square ft, 5-bedroom, colonial estate on 12 acres listed at $1,495,000.
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The average list price of the homes currently available for sale in Watertown CT is $323,671. The average days on market for these homes are 225 days. In addition, there are currently 16 homes under contract in Watertown CT, with 6 going under contract in December.
In December, 12 homes closed in Watertown CT. They ranged from a 1,937 square ft, 3-bedroom ranch, which sold for $85,000 to a 2,690 square ft, 3-bedroom, split level which sold for $396,640. The average price for the homes that closed in December in Watertown CT was $201,878 with an average days on market of 70 days. The closed properties had a Sales price to List price ratio of 97%.
By comparison, there were 14 closings in Watertown CT for the month of December 2012, with an average sales price of $198,036 and avg. days on market of 90. This indicates that for December of 2013, there were 2 less homes sold than in December 2012, but with an average price only 1% higher with less time on market. This demonstrates little for the state of the real estate market in Watertown CT over the year.
For the year 2012, the market sales or absorption rate was 14 sales per month, with an average sales value of $209,000 and average days on market of 107.
For the first quarter of 2013, the market sales rate was equivalent to 12 sales per month, which is lower than the value for all of 2012.
For the second quarter of 2013, the market sales rate was equivalent to 14 sales per month, which was slightly better than the first quarter in units sold.
For the third quarter of 2013, the market sales rate was equivalent to 16 sales per month, which was slightly better than the first 2 quarters in units sold.
For the fourth quarter of 2013, the market sales rate was equivalent to 16 sales per month, which was slightly better than the first 2 quarters in units sold. Using the same absorption rate, the current inventory of homes is equivalent to an 7 month inventory. The current market is still considered a buyer’s market.
The graph demonstrates the average monthly sales value in Watertown CT for 2013 with strong fluctuations from month to month. The values in Watertown CT have not yet stabilized.
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.
Watertown CT Real Estate Sales Report for December 2013
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