Watertown CT Real Estate Sales Report for February 2012
Currently in Watertown CT there are 121 active residential listings for sale, with 27 new listings being added in February. The homes for sale in Watertown CT range from a 1,424 square ft, 3-bedroom cape listed at $79,900 to a 8,908 square ft, 7-bedroom, colonial estate on 11.7 acres listed at $1,800,000.
The average list price of the homes currently available for sale in Watertown CT is $313,267. The average days on market for these homes is 144 days. In addition, there are currently 15 homes under contract in Watertown CT, with five having going under contract in February.
In February, 8 homes closed in Watertown CT. They ranged from a 1,318 square ft, 3-bedroom, REO cape in need of re-hab, which sold for $87,000 to a 2,556 square ft, 4-bedroom, colonial which sold for $459,900. The average price for the homes that closed in February in Watertown CT was $242,188 with an average Days on Market of 107 days. The closed properties had a Sales price to List price ratio of 97%.
By comparison, there were 9 closings in Watertown CT for the month of February 2011, with an average price of $135,722 and avg. days on market of 81. This indicates that for February of 2012, the value of homes sold was considerably higher with more days on market and almost the same number of homes sold.
For the year 2011, the market sales or absorption rate was 14 sales per month, with an average sales value of $231,191 and average days on market of 84. The current inventory of homes is equivalent to a 9+ month inventory.
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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