Watertown CT Real Estate Sales Report for March 2014

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001

Watertown CT Real Estate Market Statistics for Mar 2014

Currently in Watertown CT there are 157 active residential listings for sale, with 31 new listings being added in March. 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 March 2014

 

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The average list price of the homes currently available for sale in Watertown CT is $310,101. The average days on market for these homes are 170 days. In addition, there are currently 19 homes under contract in Watertown CT, with 6 going under contract in March.

 In March 2014, 7 homes closed in Watertown CT. They ranged from a 960 square ft, 3-bedroom REO ranch, which sold for $112,125 to a 2,680 square ft, 4-bedroom, new construction colonial which sold for $403,000. The average price for the homes that closed in March in Watertown CT was $255,218 with an average days on market of 85 days.  The closed properties had a Sales price to List price ratio of 99.4%.

Watertown CT Real Estate Sales Report for March 2014

By comparison, there were 12 closings in Watertown CT for the month of March 2013, with an average sales price of $237,750 and avg. days on market of 140. This indicates that for March of 2014, there were almost 50% less homes sold than in March 2013, but with an average price only 5% higher with more 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 10+ month inventory. The current market is still considered a buyer’s market.

 Watertown CT Real Estate Sales Report for March 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 March 2014

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

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Connecticut Litchfield County Watertown
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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. Very detailed report and easy to understand. Hopefully sales activity in Watertown will improve and a number of those transactions will be yours.

Apr 29, 2014 06:34 PM #1
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: There is a wide range of selection at Watertown. It looks like March is performing well. Thank you for the report as I have not been in that part of the State.

Apr 30, 2014 12:16 AM #2
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Joe, it is an interesting market and there are some great values in town. I do have one of the pending sales, thank you.

Maria, I lived in Watertown for a number of years and enjoyed it there.

Apr 30, 2014 02:54 AM #3
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