Watertown CT-Real Estate Market Report for January 2014

WATERTOWN CT-REAL ESTATE MARKET REPORT for JANUARY 2014

What does the real estate market look like in Watertown, CT? Well, the Watertown CT market opens up the year right where it started last year, with average sale prices and volume at the same levels. There is hope for Watertown sellers, however, with the volume and average asking prices of pending sales remaining stable.

There are 102 single family Watertown CT homes for sale, with an average listing price of $319,326 and a median listing price of $259,900.

There are 23 pending sales (under contract), with an average asking price of $241,661 and a median asking price of $224,900.

 You can get a better sense of what the real estate market for Watertown CT looks like by viewing the information by zip code:

13 homes were sold in Watertown CT in the month of January, with an average sale price of $185,500 and a median sale price of $176,000. By comparison, in January 2013, 13 homes were sold in Watertown, with an average sale price of $181,682 and a median sale price of $172,000.

The chart below shows the difference between the listing and sales prices for the homes sold in January, 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.

Looking to relocate to Watertown, CT? Visit Looking For A Reason To Move-Destination: Watertown CT

For more information on Watertown CT, you can visit the following posts:

Watertown CT Real Estate - Market Updates

Winding Brook Farm - Watertown CT

Lake Winnemaug - Watertown CT

Are you looking to buy a home in Watertown CT? Click on Watertown CT homes for sale to search for homes in your price range.

For further information about the Watertown CT market and to determine if this is the right time to sell, call me at (203) 558-7463(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.

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.