Watertown CT Real Estate Sales Report for December 2013

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
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Watertown CT Real Estate Sales Report for December 2013

 

Currently in Watertown CT there are 107 active residential listings for sale, with 11 new listings being added in December. The homes for sale in Watertown CT range from a 1,152 square ft, 3-bedroom colonial listed at $75,000 to a 8,908 square ft, 5-bedroom, colonial estate on 12 acres listed at $1,495,000.

Watertown CT Dec 2013 Mid VAlue Active 

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The average list price of the homes currently available for sale in Watertown CT is $323,671. The average days on market for these homes are 225 days. In addition, there are currently 16 homes under contract in Watertown CT, with 6 going under contract in December.

 Watertown CT Dec 2013 Mid VAlue Sold

In December, 12 homes closed in Watertown CT. They ranged from a 1,937 square ft, 3-bedroom ranch, which sold for $85,000 to a 2,690 square ft, 3-bedroom, split level which sold for $396,640. The average price for the homes that closed in December in Watertown CT was $201,878 with an average days on market of 70 days.  The closed properties had a Sales price to List price ratio of 97%.

By comparison, there were 14 closings in Watertown CT for the month of December 2012, with an average sales price of $198,036 and avg. days on market of 90. This indicates that for December of 2013, there were 2 less homes sold than in December 2012, but with an average price only 1% higher with less time on market. This demonstrates little for the state of the real estate market in Watertown CT over the year.

For the year 2012, the market sales or absorption rate was 14 sales per month, with an average sales value of $209,000 and average days on market of 107.

For the first quarter of 2013, the market sales rate was equivalent to 12 sales per month, which is lower than the value for all of 2012.

For the second quarter of 2013, the market sales rate was equivalent to 14 sales per month, which was slightly better than the first quarter in units sold. 

For the third quarter of 2013, the market sales rate was equivalent to 16 sales per month, which was slightly better than the first 2 quarters in units sold.

For the fourth quarter of 2013, the market sales rate was equivalent to 16 sales per month, which was slightly better than the first 2 quarters in units sold.  Using the same absorption rate, the current inventory of homes is equivalent to an 7 month inventory. The current market is still considered a buyer’s market.

Watertown CT Market Statistics 

The graph demonstrates the average monthly sales value in Watertown CT for 2013 with strong fluctuations from month to month. The values in Watertown CT have not yet stabilized.

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 December 2013

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,   203-206-0754

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Topic:
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Location:
Connecticut Litchfield County Watertown
Groups:
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Market Reports
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Tags:
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Ed this report will certainly give buyers and sellers in Waterbury a glimpse of sale per month for 2013.

Jan 19, 2014 10:12 AM #1
Rainmaker
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Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Ed, there's a wide range of prices in Watertown CT for every buyer. 70 days on market in December is not bad at all when sales are down. Great detailed market report.

Jan 19, 2014 10:16 AM #2
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. A 70 day turn around time for getting a property on deposit is really good. Some very good trends, let's hope they continue.

Make it a great week!

Jan 19, 2014 06:59 PM #3
Rainmaker
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Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Good Morning Ed, I would like to see if the trend in March and April 2013 being the highest in volume will be same this year. Keep us posted.

Jan 19, 2014 08:01 PM #4
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, looks like a very stable market in Watertown, and buyers & sellers would be wise to contact you for their real estate needs.

Jan 19, 2014 11:33 PM #5
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Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Ed, if I were from the Watertown area, I would certainly rely on Ed Silva to help me sell my home.  

Jan 20, 2014 11:05 PM #6
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Ed Silva

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