Watertown CT 2011 Real Estate Market Report

Watertown CT 2011 Real Estate Market Report

In 2011, 164 homes were sold in Watertown CT, with an average sale price of $231,642 and an average of 93 days on market. The homes that sold ranged from an 888 sq. ft. 2 bedroom mobile home that sold for $26,000, to a 4951 sq. ft. colonial that sold for $511,650.

The absorption rate for Watertown CT in 2011 was 13.67 homes sold per month. With an average of 118 homes on the market at any given time in Watertown CT, there are 8.6 months of inventory remaining.

2011 was a good year for the majority of sellers in Watertown CT, with average sales prices 6% higher than last year’s sales prices, and more than 20% increase in volume of sales compared to the last two years. As the average sales price/list price ratios continue to remain over 90% and days of market for homes sold are at the 3 month average, the best advice for Watertown CT home sellers is this: price your homes at market values based on its condition, and you can indeed sell your home quickly for a price that is acceptable to you.

For further information about the Watertown 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 Watertown CT homes for sale.

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