WATERTOWN CT-REAL ESTATE MARKET REPORT for DECEMBER 2013
What does the real estate market look like in Watertown, CT? Well, with average sale prices down by 10% from both last month and last year, the Watertown CT market is closing out the year not quite on as positive a note as it would like. There is hope for Watertown sellers, however, with the volume and average asking prices of pending sales remaining stable.
There are 100 single family Watertown CT homes for sale, with an average listing price of $328,327 and a median listing price of $279,950.
There are 28 pending sales (under contract), with an average asking price of $221,229 and a median asking price of $209,900.
You can get a better sense of what the real estate market for Watertown CT looks like by viewing the information by zip code:
Homes for Sale
12 homes were sold in Watertown CT in the month of December, with an average sale price of $201,878 and a median sale price of $211,250. By comparison, in December 2012, 9 homes were sold in Watertown, with an average sale price of $224,000 and a median sale price of $194,000.
The chart below shows the difference between the listing and sales prices for the homes sold in December, as well as the number of days that those properties were on the market before an offer was made and accepted.
So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your area, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer's interest due to its curb appeal and other factors. If you are a buyer, this tells you how many homes there are on the market in this area and what price range the typical home in this area sells for.
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For further information about theWatertown CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale.I look forward to discussing with you Watertown CT homes for sale.