SOUTHBURY CT-REAL ESTATE MARKET REPORT for JANUARY 2012
Southbury CT-Real Estate Market Report for January 2012 A slight increase in the volume of home sales in Southbury CT, coupled with a decline in average sales prices compared to both last month and last year, is great news for buyers looking for a home in Southbury. Sellers, if you are looking to capitalize on this, the best thing you can do is to price your homes at market value so that they can sell.
There are 105 Southbury CT homes for sale, with an average listing price of $459,376, and 277 days on market, ranging from a 400 sq. ft. 1 bedroom ranch being offered for $45,000 to a 3012 sq. ft. 4 bedroom other style home being offered for $3.3 million.
Here is a breakdown of the home prices in Southbury CT:
The highest percentage of Southbury homes for sale is between $200,000 and $300,000, and there are a significant number of homes for sale under $500,000.
5 homes were sold in Southbury CTin the month of January. The average sale price was $277,500, had an average of 69 days on market and an average sales price/listing price ratio of 92%, ranging from a 1768 sq. ft., 3 bedroom ranch that sold for $86,000 to a 3132 sq. ft., 4 bedroom colonial that sold for $472,500. By comparison, in January 2011, 12 homes were sold in Southbury CT, with an average sale price of $315,367 and an average of 116 days on market.
The Southbury CT real estate marketis still in a buyer’s market with 11 months of inventory at an absorption rate of 9.17 homes being sold each month over the last 6 months with 105 homes currently on the market.
These are the five homes that sold in the Southbury CT area in the month of January:
Click on Southbury CT Real Estate - Market Updates to see prior Southbury CT market reports.
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For further information about the Southbury 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 Southbury CT homes for sale.