2010 Mid Year Real Estate Sales Analysis for Watertown Ct

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001

2010 Mid Year Real Estate Sales Analysis for Watertown Ct

For the first 6 months of 2010 there were 79 residential properties sold in Watertown Ct. The median price of these homes was $200,000 with an average days on market of 87. The absorption or rate of sales for this period was slight greater than 13 closings per month.

By comparison, for all of 2009, there were a total of 133 residential properties sold in Watertown Ct with a median price of $240,000 and an average days on market of 113. This represented a sales rate of almost 11 homes per month

Currently in Watertown Ct there are 122 active residential listings for sale. The average list price of the homes currently available for sale in Watertown Ct is $355,000. The average days on market for these homes is 125 days. If the absorption rate remains the same as the first 6 months, this represents slightly more than a 9-month inventory, without additional listings coming on 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 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

 

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,   203-206-0754

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Rainmaker
1,332,535
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Hello Ed, is that $355K the median or average?  I know you said average, but I'm just trying to resolve that $200K median for the first half of the year and the $355K average for current list.  That's quite a difference...Okay, it's been a long hot day for me...what did I miss?

Jul 22, 2010 02:48 PM #1
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Nick it's right. The market in Watertown is slow but all the higher valued homes just sit there. Since the beginning of the year only one home sold in town over $400,000 and that was at $410,000 as a foreclosure down from almost $700,000

Jul 22, 2010 02:51 PM #2
Rainmaker
1,332,535
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Ed, how's this for a price cut...two years ago there was a $14,400,000 listing on top of Monte Sano mountain here in huntsville...that listing is now a short sale for $2,950,000.   

I'm sure it's everywhere that the higher priced homes sit longer.  

Jul 23, 2010 10:01 AM #3
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Nick That's incredible, only $2,950,000 and as a short sale. How low do you think they'll go?

Jul 23, 2010 01:49 PM #4
Rainmaker
1,332,535
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Ed, I don't know, but can't imagine they would go much lower...why are you interested???  Love to represent you ;))

Jul 24, 2010 02:47 PM #5
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