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January 2015 Real Estate Sales Report for Southington CT

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

Market Statistics for Southington CT January 2015

 

 January 2015 Real Estate Sales Report for Southington CT

 

 Search for Homes in Southington CT

 

Currently in Southington CT there are 171 active residential listings for sale, with 27 new listings being added in January. The homes for sale in Southington CT range from a 854 square ft, 2-bedroom mobile home listed at $25,000 to a 3,700 square ft, 5-bedroom, colonial estate listed at $984,900.

 

The average list price of the homes currently available for sale in Southington CT is $331,917. The average days on market for these homes are 102 days. In addition, there are currently 49 homes under contract in Southington CT, with 13 having gone under contract in January.

 

 January 2015 Real Estate Sales Report for Southington CT

 

In January 2015, 22 homes closed in Southington CT. They ranged from a 1,170 square ft, 2-bedroom mobile home, which sold for $108,000 to a 2,615 square ft, 3-bedroom ranch which sold for $430,000. The average price for the homes that closed in January in Southington CT was $254,406 with an average days on market of 97 days.  The closed properties had a Sales price to List price ratio of 96%. 

 

By comparison, there were 32 closings in Southington CT for the month of January 2014, with an average sales price of $302,716 and avg. days on market of 117. This indicates that for January of 2015, there were 10 less homes sold as compared to January 2014, at an average price 21% lower than the same as 2014 with similar time on market. 

 

For the year 2014, the market sales or absorption rate was 37 sales per month, with an average sales value of $295,968 and average days on market of 75. Using the me absorption for the current inventory, the Southington market is a seller's market with a 5 month inventory of homes. 

 

 Southington CT Market Statistics

 

The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with strong fluctuations from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to have stabilized and the market is demonstrating a shift to a neutral 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 Southington 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 Southington CT.

 

 

 Search fr homes in Southington CT

 

 

 

January 2015 Real Estate Sales Report for Southington CT 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (9)

Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Ed ....There just seems to be something wrong wrong without snow in this one ....LOL

Great market update .....Have a safe weekend!

Feb 19, 2015 10:34 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Ed Silva  You are the Real Estate expert in Southington CT  Buyers/Sellers  would be wise to have you guide them with their next transaction. You are the agent I would call for my relocation referral

Stay warm

Hannah

Feb 19, 2015 11:30 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Ed, Good informatin for the consumer and hope it makes the phone ring repeatedly.

Feb 19, 2015 11:54 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Ed Silva,  That's a great market report with great pictures and graph.

Feb 19, 2015 11:59 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Ed Silva , It looks ike Southington, CT is proving that this is the time to sell, and not wait until Spring.

Feb 19, 2015 12:41 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. I just closed on a refinance in Southington. We were concerned about value, but the appraisal actually came in higher than expected, hopefully values will continue to improve.

Feb 19, 2015 06:52 PM
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Hi Ed: I think Southington is the only market in the areas you service which is enjoying a sellers' market.

Thanks for the report. I wonder how that $984900 home looks like.

Feb 19, 2015 08:40 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed I just had a loan Close in Southington a couple of weeks ago, so hopefully it will contribute to some better figures for February.

Feb 20, 2015 10:43 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Ed, you know the Southington CT market so well and sellers looking to sell need to call you for the right expertise and marketing.

Feb 20, 2015 08:40 PM