Cheshire CT Real Estate Sales Report for June 2012
Currently in Cheshire CT there are 206 active residential listings for sale. They range from a 1,464 square ft, 3-bedroom ranch needing repairs listed at $115,000 to a 10,000 square ft, 6-bedroom Tudor listed at $2,150,000.
The average list price of the homes currently available for sale in Cheshire CT is $452,199. The average days on market for these homes is 95 days. For the month of June, there were 41 homes listed for sale in Cheshire CT.
There are currently 20 homes under contract in Cheshire CT. Six homes went under contract in the month of June. The average list price for the homes under contract is $394,761 with average days on market of 43 days.
In June, 29 homes closed in Cheshire CT. They ranged from a 1,875 sq ft, 3-bedroom, colonial needing re-hab, which sold for $103,000 to a 3,841 sq ft 4-bedroom colonial which sold for $695,000. Average sales price of the homes that sold was $343,647. Average DOM of 38 days. The closed properties had a Sales price to List price ratio of 97.7%.
By comparison, there were 18 closings in Cheshire CT for the month of June 2011, with an average price of $443,502 and avg. days on market of 90. This indicates that there were less homes sold in 2011 but at a higher value and less days on market.
For the first 6 months of 2012, the market sales or absorption rate was 15 sales per month, with an average sales value of $319,345 and average days on market of 87. The current inventory of homes is equivalent to a 14 month inventory, which is a very strong buyer’s market.
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 Cheshire 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 Cheshire CT.
Cheshire CT Real Estate Sales Report for June 2012
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