Cheshire CT Real Estate Sales Report for January 2014
Currently in Cheshire CT there are 154 active residential listings for sale. They range from a 1,887 square ft, 5-bedroom ranch listed at $149,900 to a 5,100 square ft, 4-bedroom ranch listed at $1,395,000. The average list price of the homes currently available for sale in Cheshire CT is $455,370. The average days on market for these homes is 164 days. For the month of January, there were 17 new homes listed for sale in Cheshire CT.
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There are currently 23 homes under contract in Cheshire CT. Six homes went under contract in the month of January. The average list price for the homes under contract is $409,806 with average days on market of 131 days.
In January, 10 homes closed in Cheshire CT. They ranged from a 1,046 sq ft, 3-bedroom cape which sold for $163,000 to a 5,600 sq ft 4-bedroom colonial which sold for $1,030,000. Average sales price of the homes that sold was $383,611. Average DOM of 196 days. The closed properties had a Sales price to List price ratio of 95.6%.
For the year 2013, the market sales or absorption rate for Cheshire CT was 22 sales per month, with an average sales value of $339,150 and average days on market of 79. Using the same absorption rate, the current inventory of homes is equivalent to almost a 7 month inventory. The current market is still considered a buyer’s market.
The graph demonstrates the average monthly sales value in Cheshire CT with strong fluctuations from month to month. The sales appeared to stabilize towards the end of the year with a monthly increase in value.
If you are interested in buying or selling a home in the Cheshire Ct area send me an email or call and we can set up a time to meet.
For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer freemarket 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 discusshomes on the market in Cheshire CT.
Cheshire CT Real Estate Sales Report for January 2014
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