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.
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%.
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.
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.
Watertown CT Real Estate Sales Report for March 2014