January 2015 Real Estate Market Statistics for Watertown CT
Currently in Watertown CT there are 128 active residential listings for sale, with 13 new listings being added in January. The homes for sale in Watertown CT range from a 1,400 square ft, 3-bedroom colonial listed at $42,580 to a 8,500 square ft, 8-bedroom, colonial estate on 112 acres listed at $5,495,000.
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The average list price of the homes currently available for sale in Watertown CT is $372,036. The average days on market for these homes are 155 days. In addition, there are currently 20 homes under contract in Watertown CT, with 8 going under contract in January.
In January 2015, 9 homes closed in Watertown CT. They ranged from a 1,508 square ft, 3-bedroom REO split, which sold for $71,000 to a 2,546 square ft, 4-bedroom, colonial which sold for $360,000. The average price for the homes that closed in January in Watertown CT was $191,824 with average days on market of 81 days. The closed properties had a Sales price to List price ratio of 94.8%.
By comparison, there were 14 closings in Watertown CT for the month of January 2014, with an average sales price of $184,036 and avg. days on market of 198.
This indicates that for January of 2015, there were 5 less homes sold than in January 2014, but with an average price 4% greater than for the same period for the previous year with less time on market. This shows that there was an upward change in values only for the state of the real estate market in Watertown CT over the same period the previous year.
For the year 2014, the market sales or absorption rate was 12 sales per month, with an average sales value of $217,333 and average days on market of 102.
Using the 2014 absorption rate, the current inventory of homes is equivalent to a 10+ month inventory. The current market would be considered a buyer's market.
The graph demonstrates the average monthly sales value in Watertown CT for 2014 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 2015
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