March 2015 Real Estate Market Statistics for Watertown CT
Currently in Watertown CT there are 144 active residential listings for sale, with 26 new listings being added in March. The homes for sale in Watertown CT range from a 1,190 square ft, 2-bedroom cape listed at $74,500 to a 8,500 square ft, 8-bedroom, colonial estate on 112 acres listed at $5,495,000.
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The average list price of the homes currently available for sale in Watertown CT is $345,215. The average days on market for these homes are 130 days. In addition, there are currently 21 homes under contract in Watertown CT, with 7 going under contract in March.
In March 2015, 21 homes closed in Watertown CT. They ranged from a 1,152 square ft, 3-bedroom colonial, which sold for $85,000 to a 4,446 square ft, 4-bedroom, colonial which sold for $540,000. The average price for the homes that closed in March in Watertown CT was $249,645 with average days on market of 86 days. The closed properties had a Sales price to List price ratio of 97%.
By comparison, there were 7 closings in Watertown CT for the month of March 2014, with an average sales price of $255,218 and avg. days on market of 72.
This indicates that for March of 2015, there were 14 more homes sold than in March 2014, with an average price 3% greater than for the same period for the previous year with the similar time on market. This shows that there was an upward change in units and value for the state of the real estate market in Watertown CT over the same period the previous year.
For the year 2014, the market sales or absorption rate was 12 sales per month, with an average sales value of $217,333 and average days on market of 102.
For the year first quarter of 2014, the market sales or absorption rate for Watertown CT was 14 sales per month, with an average sales value of $225,003 and average days on market of 91. This rate with the inventory would be a 10+ month absorption rate. The current market is still considered a buyer’s market.
The graph demonstrates the average monthly sales value in Watertown CT for 2014 with strong fluctuations from month to month. The values in Watertown CT are demonstrating some stability.
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 March 2015
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