Watertown CT Real Estate Sales Report for September 2012
Search for Homes in Watertown CT
Currently in Watertown CT there are 127 active residential listings for sale, with 18 new listings being added in September. The homes for sale in Watertown CT range from a 544 square ft, 1-bedroom Lake cottage needing re-hab listed at $39,900 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 $290,567. The average days on market for these homes are 154 days. In addition, there are currently 20 homes under contract in Watertown CT, with 3 having going under contract in September.
In September, 13 homes closed in Watertown CT. They ranged from a 1,008 square ft, 2-bedroom, REO ranch, needing work, which sold for $119,000 to a 4,000 square ft, 4-bedroom, colonial which sold for $580,000. The average price for the homes that closed in September in Watertown CT was $241,346 with an average Days on Market of 71 days. The closed properties had a Sales price to List price ratio of 99.65%.
By comparison, there were 14 closings in Watertown CT for the month of September 2011, with an average price of $229,595 and avg. days on market of 87. This indicates that for September of 2012, there were almost as many homes sold, with the value of homes sold 8% higher with less 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 9 months of 2012, the market sales or absorption rate was 14 sales per month, with an average sales value of $212,618 and average days on market of 115. The current inventory of homes is equivalent to a 9+ month inventory.
By comparison to 2011, the current market is selling at a similar number of homes per month, with the values averaging 8% more than 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 September 2012
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