Watertown CT Real Estate Market Statistics for April 2014
Currently in Watertown CT there are 176 active residential listings for sale, with 36 new listings being added in April. The homes for sale in Watertown CT range from a 1,292 square ft, 3-bedroom colonial listed at $69,900 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 $312,232. The average days on market for these homes are 154 days. In addition, there are currently 14 homes under contract in Watertown CT, with 6 going under contract in April.
In April 2014, 9 homes closed in Watertown CT. They ranged from a 1,099 square ft, 3-bedroom cape, which sold for $112,000 to a 4,959 square ft, 4-bedroom, ranch which sold for $420,000. The average price for the homes that closed in April in Watertown CT was $270,544 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 12 closings in Watertown CT for the month of April 2013, with an average sales price of $238,500 and avg. days on market of 156. This indicates that for April of 2014, there were almost 3 less homes sold than in April 2013, but with an average price only 12% higher with less time on market. This shows that there was some appreciable change in values for the state of the real estate market in Watertown CT over the year.
For the year 2013, the market sales or absorption rate was 15 sales per month, with an average sales value of $206,615 and average days on market of 94. Using the same absorption rate, the current inventory of homes is equivalent to an 12+ 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, but are showing promise over the last 2 months.
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 April 2014
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