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Cheshire CT 2020 Year End Real Estate Market Analysis

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

Cheshire CT 2020 Year End Real Estate Market Analysis

The year 2020 was an unusual year for so many reasons.  With the pronouncement of the pandemic back in mid February of the year, the world watched in disbelief as the virus spread at an incredibly fast pace and affected all ages all over the  world.

 Cheshire CT 2020 Year End Real Estate Market Analysis

As business ground to a slow halt, it was a matter of where could one go and how safe would we be.  In the world of real estate, the exuberance of the business that had started in 2019 started to slow the enthusiasm as people became wary of venturing into homes not knowing who was there or their health. Likewise, sellers were wary of having people come into their homes and possibly bringing in a bacterial issue that would infect their families.

In spite of this, after a brief pause the market in Cheshire CT began its rise and finished the year strong.

Cheshire CT 2020 Year End Real Estate Market Analysis 

For the year 2019, the market sales or absorption rate was 26 sales per month, with an average sales value of $346,807 and average days on market of 55.

For the year 2020, the market sales or absorption rate was almost 28 sales per month, with an average sales value of $381,957 and average days on market of 56. Even though the values saw a mild increase over the year, it should be noted from the graph that there were 2 months where no sales at all were recorded in town.

Cheshire CT 2020 Year End Real Estate Market Analysis 

While sales appear to be consistent and maybe even lag the previous year, it was a decidedly strong market as there were less listings put up and competition for those that were as aggressive.

The New Year will start off with a strong report as there are 31 listings currently going through the closing process and as the weather gets warmer more activity will surely hit the 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 Cheshire 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 Cheshire CT.

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Cheshire CT 2020 Year End Real Estate Market Analysis

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Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (16)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed Silva - this is a very informative report added context to the numbers.

Jan 16, 2021 05:55 AM
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Ed Silva that's a nice affordable marketplace...and it's gaining strength....hope your business is doing well.... 

Jan 16, 2021 06:00 AM
Shayne Stone
HomeSmart - Fulshear, TX
"Your Rock Solid Choice Realtor" RETIRED

Ed, there's no doubt that Cheshire, CT home buyers and seller would benefit using your services!

 

Jan 16, 2021 06:22 AM
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

Very nice presentation - how are you getting your graphics in? I am having trouble with photos

Jan 16, 2021 06:27 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Ed Silva and thank you for the market report. Looks like the area is definitely happening!

Jan 16, 2021 06:32 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed those are impressive numbers for Cheshire for 2020, and I would expect 2021 to be even stronger.

Jan 16, 2021 10:10 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Ed,

What a nice marketing presentation for Cheshire, Connecticut. This is a wonderful call to action, and I wish you calls from this.  A

Jan 16, 2021 12:01 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Ed Silva You are inspiring me. Great report on Cheshire 

Jan 16, 2021 01:03 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Grant Schneider   It is a popular town and offers a high quality of life for it's residents.

Barbara Todaro   It has something for everyone with affordable condos for those just starting to the upper level estates

Jan 16, 2021 06:10 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Shayne Stone   Thanks for the kind words and for stopping.

Lise Howe   Regarding the photos and graphics, when you upload them make sure there are no spaces in the title and no characters.   For example the first photo was in my system as  CheshireCTMidyear2020midvaluesold.  Also, if you have already loaded the photo , delete from the system so that there will be nothing restricting the upload of the new fie

Jan 16, 2021 06:13 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Rocky Dickerson   It has all the bases covered when it comes to a good community and the school system is one of the best in the state.

George Souto   The number of homes under contract is high and the inventory is very low

Jan 16, 2021 06:16 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Ron and Alexandra Seigel   A it is a good summary and the phone does find a way to ring as well.

Hannah Williams   I hope the inspiration is all good

 

Jan 16, 2021 06:17 PM
Roy Kelley
Retired - Gaithersburg, MD

Families on the move will appreciate your local real estate reports.

Jan 17, 2021 06:04 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Thank you Roy, Cheshire is a very fine town with something for everyone

Jan 17, 2021 06:12 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, sure looks like Cheshire enjoyed a strong 2020, especially with Sellers seeing 99% to list. 

Jan 17, 2021 07:26 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Cheshire home buyers and sellers are sure to value your real estate market report, Ed.

Jan 24, 2021 02:35 PM