Watertown CT Real Estate Sales Report for May 2012
Currently in Watertown CT there are 158 active residential listings for sale, with 45 new listings being added in May. The homes for sale in Watertown CT range from a 544 square ft, 1-bedroom Lake cottage needing re-hab listed at $44,900 to a 8,908 square ft, 7-bedroom, colonial estate on 11.7 acres listed at $1,695,000.
The average list price of the homes currently available for sale in Watertown CT is $279,899. The average days on market for these homes is 128 days. In addition, there are currently 18 homes under contract in Watertown CT, with 3 having going under contract in May.
In May, 8 homes closed in Watertown CT. They ranged from a 1,400 square ft, 3-bedroom, colonial, which sold short for $130,000 to a 2,800 square ft, 4-bedroom, cape which sold for $340,000. The average price for the homes that closed in May in Watertown CT was $202,813 with an average Days on Market of 76 days. The closed properties had a Sales price to List price ratio of 96.1%.
By comparison, there were 14 closings in Watertown CT for the month of May 2011, with an average price of $235,362 and avg. days on market of 103. This indicates that for May of 2012, there were less homes sold, but the value of homes sold was higher less with fewer days on market.
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 11+ 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.