Prospect CT 2011 Real Estate Market Report

By
Real Estate Agent with WEICHERT, REALTORS® - Briotti Group CT RES.0785956
https://activerain.com/droplet/sFk

Prospect CT 2011 Real Estate Market Report

 

statistics for Prospect CT home sales

 

In 2011, 59 homes were sold in Prospect CT, with an average sale price of $270,740 and an average of 97 days on market. The homes that sold ranged from a 672 sq. ft. 2 bedroom ranch that sold for $22,000, to a 2350 sq. ft. 3 bedroom contemporary colonial that sold for $452,309.

 

The absorption rate for Prospect CT in 2011 was 4.92 homes sold per month. With an average of 57 homes on the market at any given time during 2011, that leaves Prospect CT with 11.58 months of inventory remaining.

 

 

2011

2010

2009

2008

2007

Homes Sold

59

76

77

69

81

Av. Listing Price

262,704

279.533

267,544

298,900

325,355

Av. Sale Price

249,966

270,740

257,008

284,010

312,425

Av. DOM

97

103

86

109

90

SP/LP Ratio

94%

96%

96%

95%

96%

 

2011 was a good year for the majority of buyers in Prospect, as the average SP/LP ratio was 96% and average sale prices were down 8% from 2010’s sale prices. The good news in this for sellers is that average days on market remained around 3 months, and the average sales price/list price ratios have been consistently well above 90%. Sellers, you can definitely get your Prospect CThome sold in a reasonable amount of time, if you list it at market values consistent with its condition.

 

Looking to relocate to Prospect CT? Visit Looking For A Reason to Move-Destination: Prospect CT

 

For more information about Prospect CT, you can visit the following:

 

Prospect CT Real Estate - Market Update - prior Prospect CT market reports

 

Prospect CT Schools

 

Fusco Field - Prospect CT

 

Hotchkiss Field - Prospect CT

 

Caplan Park - Prospect CT

 

Canfield Park - Prospect CT

 

McGrath Park - Prospect CT

 

Prospect CT Pumpkin Festival - July 24 2009

 

For more details about the Prospect CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Prospect CT houses for sale.

 

 

 

 © William James Walton, Sr. Market Report data provided by CTMLS. All data is accurate but not guaranteed at time of publication.

Posted by

Greater Waterbury CT Real Estate FaceBook William James Walton, Sr. on LinkedIn William James Walton, Sr. on Twitter William  James Walton's videos on YouTube 

 

 

 

Courtesy of William James Walton, Sr. , Realtor, WEICHERT, REALTORS® - Briotti Group

Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown, Thomaston and Plymouth)

 

Call William James Walton, Sr. Real Estate Agent with WEICHERT, REALTORS® - Briotti Group (203) 558-7463 for help with your real estate needs -buying or selling -  in Waterbury, Watertown, Wolcott, Middlebury, Southbury, Prospect, Naugatuck, Plymouth and Thomaston

Buyers - Search for Greater Waterbury, CT Area Homes For Sale

Sellers - Request a Free Home Evaluation, Look at Recent Home Sales

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Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
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Great looking market report William.  Very thorough and well done!                                                          

Feb 01, 2012 12:56 AM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

William good job on the market reports, hopefully Buyers will make good use of this information.

Feb 01, 2012 07:35 AM #2
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Great Market reports, William. It simply shows how knowledgeable and updated you are on the real estate market. That's a good thing that you share this information so that others can also learn from you and would also be updated. Keep it up. 

Feb 01, 2012 03:50 PM #3
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