Watertown CT Real Estate Sales Report for July 2014

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
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July 2014 Real Estate Market Statistics for Watertown CT

 

Currently in Watertown CT there are 206 active residential listings for sale, with 37 new listings being added in July. The homes for sale in Watertown CT range from a 1,152 square ft, 3-bedroom colonial listed at $56,000 to a 8,908 square ft, 5-bedroom, colonial estate on 12 acres listed at $1,465,000.

 

Watertown CT Real Estate Sales Report for July 2014

 

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The average list price of the homes currently available for sale in Watertown CT is $311,053. The average days on market for these homes are 160 days. In addition, there are currently 14 homes under contract in Watertown CT, with 4 going under contract in July.

 

 Watertown CT Real Estate Sales Report for July 2014

In July 2014, 19 homes closed in Watertown CT. They ranged from a 1,292 square ft, 3-bedroom colonial, which sold for $56,705 to a 2,020 square ft, 3-bedroom, colonial which sold for $325,000. The average price for the homes that closed in July in Watertown CT was $213,440 with average days on market of 73 days.  The closed properties had a Sales price to List price ratio of 94.6%.

 

By comparison, there were 25 closings in Watertown CT for the month of July 2013, with an average sales price of $201,130 and avg. days on market of 64. This indicates that for July of 2014, there were 6 less homes sold than in July 2013, but with an average price 5% lower with slightly more time on market. This shows that there was some appreciable change in values for the state of the real estate market in Watertown CT over the year but not to a positive.

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.

For the year first quarter of 2014, the market sales or absorption rate for Watertown CT was 11 sales per month, with an average sales value of $202,770 and average days on market of 146. 

 

For the second quarter of 2014, the market sales rate was equivalent to 13 sales per month, with an average sales value of $222,881 and average days on market of 79.  Using the second quarter absorption rate, the current inventory of homes is equivalent to a 12+ month inventory. The current market is still considered a strong buyer’s market.

 

 Watertown CT Real Estate Sales Report for July 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 July 2014

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

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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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

You certainly are the professional to go to when buying or selling in Watertown Conn.  This is an excellent report.

Aug 23, 2014 01:30 PM #1
Rainmaker
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David Saks
(retired) - Memphis, TN

Great information and a fine post. Hope you have a great day ahead.

Aug 23, 2014 06:29 PM #2
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. Nice job with your report, unfortunately not a lot of changes in Watertown. Hopefully with some changes to the Political leadership, thing can finally start moving in a positive direction.

Aug 23, 2014 08:05 PM #3
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Jim Crawford
Maximum One Executive REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Ed Silva 

Thanks for the real estate market update!

This is very informative information for buyers and sellers.

Have a great weekend!

Aug 24, 2014 12:03 AM #4
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