Watertown CT Real Estate Sales Report for January 2014

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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 January 2014

Currently in Watertown CT there are 125 active residential listings for sale, with 20 new listings being added in January. 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 Real Estate Sales Report for January 2014

 

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  The average list price of the homes currently available for sale in Watertown CT is $308,894. The average days on market for these homes are 207 days. In addition, there are currently 10 homes under contract in Watertown CT, with 3 going under contract in January.

 Watertown CT Real Estate Sales Report for January 2014

 In January 2014, 14 homes closed in Watertown CT. They ranged from a 1,325 square ft, 3-bedroom colonial, which sold as a short sale for $60,000 to a 1,544 square ft, 3-bedroom, ranch which sold for $291,000. The average price for the homes that closed in January in Watertown CT was $184,036 with an average days on market of 198 days.  The closed properties had a Sales price to List price ratio of 92.4%. 

By comparison, there were 11 closings in Watertown CT for the month of January 2013, with an average sales price of $181,682 and avg. days on market of 74. This indicates that for January of 2014, there were 3 more homes sold than in January 2013, but with an average price only 1 1/2% higher with less time on market. This shows that there was very little change in values for the state of the real estate market in Watertown CT over the year. 

For the year 2013, the market sales or absorption rate was 15 sales per month, with an average sales value of $206,615 and average days on market of 94. Using the same absorption rate, the current inventory of homes is equivalent to an 8+ month inventory. The current market is still considered a buyer’s market.

 Watertown CT Real Estate Sales Report for January 2014

 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 January 2014

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

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Topic:
Real Estate Market Trends
Location:
Connecticut Litchfield County Watertown
Groups:
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Local Real Estate Market Reports
Market Reports
2013MarketReports
Tags:
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Rainmaker
581,281
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Good Afternoon Ed: The market trend in Watertown remains unpredictable due to fluctuations in average sales price. There was no continuous upward or downward trend.

We shall wait for your next report to see the development.

Thanks for sharing your expertise with us.

 

Feb 28, 2014 05:05 AM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed the figures seem to be going in the right direction except for the days on the market.

Feb 28, 2014 09:28 AM #2
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Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Hi Ed, this is definitely good information for buyers and sellers to know!  Hope the market will continue to move in the right direction this year and maybe pick up a bit of pace.

Feb 28, 2014 09:36 AM #3
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. From $75,000 to 1.5 million, not that is two different worlds. That is one to to prove there is something for everyone. Nice job with your report.

Make it a great weekend!

Feb 28, 2014 06:37 PM #4
Rainmaker
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Bruce Swedal
Denver, CO
Denver Real Estate

Thanks for the informative update, it sounds like a great place. Any buyers or sellers in the area should look you up.

Mar 01, 2014 12:30 AM #5
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Great market report Ed .It certainly sets you up as the market expert .Buyers & sellers would be wise to call you when getting ready to make a move

Mar 01, 2014 11:20 AM #6
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