April 2015 Real Estate Market Statistics for Watertown CT
Currently in Watertown CT there are 155 active residential listings for sale, with 37 new listings being added in April. The homes for sale in Watertown CT range from a 1,190 square ft, 2-bedroom cape listed at $67,500 to a 8,500 square ft, 8-bedroom, colonial estate on 112 acres listed at $5,495,000.
The average list price of the homes currently available for sale in Watertown CT is $358,274. The average days on market for these homes are 97 days. In addition, there are currently 22 homes under contract in Watertown CT, with 6 going under contract in April.
In April 2015, 20 homes closed in Watertown CT. They ranged from a 1,400 square ft, 3-bedroom colonial, which sold for $39,950 to a 4,250 square ft, 5-bedroom, colonial which sold for $550,000. The average price for the homes that closed in April in Watertown CT was $173,667 with average days on market of 74 days. The closed properties had a Sales price to List price ratio of 95%.
By comparison, there were 9 closings in Watertown CT for the month of April 2014, with an average sales price of $270,544 and avg. days on market of 70.
This indicates that for April of 2015, there were 11 more homes sold than in April 2014, with an average price 45% less than for the same period for the previous year with less time on market. This shows that there was an upward change in units but value went down by a large amount 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.
For the year first quarter of 2014, the market sales or absorption rate for Watertown CT was 14 sales per month, with an average sales value of $225,003 and average days on market of 91. This rate with the inventory would be a 11+ month absorption rate. The current market is still 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 are demonstrating some stability.
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 April 2015