Watertown CT Real Estate Sales Report for August 2012
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Currently in Watertown CT there are 130 active residential listings for sale, with 21 new listings being added in August. 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 $277,067. The average days on market for these homes are 159 days. In addition, there are currently 27 homes under contract in Watertown CT, with 10 having going under contract in August.
In August, 24 homes closed in Watertown CT. They ranged from a 2,073 square ft, 3-bedroom, colonial, needing work, which sold for $45,750 to a 3,650 square ft, 4-bedroom, colonial which sold for $469,900. The average price for the homes that closed in August in Watertown CT was $225,675 with an average Days on Market of 113 days. The closed properties had a Sales price to List price ratio of 96.5%.
By comparison, there were 13 closings in Watertown CT for the month of August 2011, with an average price of $230,785 and avg. days on market of 70. This indicates that for August of 2012, there were twice as many homes sold, but the value of homes sold was almost the same with longer 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.
For the first 6 months of 2012, the market sales or absorption rate was 12 sales per month, with an average sales value of $202,776 and average days on market of 126. The current inventory of homes is equivalent to a 10+month inventory.
By comparison to 2011, the current market is selling at a greater number of homes per month, but the values are averaging the same as 2011 with longer days on market. The current market is still 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 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.
Watertown CT Real Estate Sales Report for August 2012
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