Real Estate Market Statistics for Prospect CT April 2015

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
https://activerain.com/droplet/4F2w

What’s Happening in The Prospect CT Real Estate Market April 2015?

 

 Real Estate Market Statistics for Prospect CT April 2015

Currently in Prospect CT there are 75 active residential listings for sale, with 25 new listings being added in April. The homes for sale in Prospect CT range from a 938 square ft, 2-bedroom mobile home, listed at $38,900 to a 2,989 square ft, 4-bedroom colonial listed at $499,900.

 

 Search for Homes in Prospect CT

 

The average list price of the homes currently available for sale in Prospect CT is $290,453. The average days on market for these homes are 93 days. In addition, there are currently 5 homes under contract in Prospect CT.

 

Real Estate Market Statistics for Prospect CT April 2015

 

In April 2015, 8 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 1,460 square ft, 3-bedroom ranch, which sold for $170,000 to a 3,041 square foot, 4-bedroom colonial which sold for $381,000. The average value of the sold homes in Prospect CT in April 2015 was $266,100 with average days on market of 68 days.

By comparison, there were 2 closings in Prospect CT for the month of April 2014, with an average sales price of $175,000 and days on market of 136.  This would demonstrate that for April of 2015, the market was better by 6 sale for units sold with an average sales value almost 50% greater.

For the year 2014, the market sales or absorption rate was 5.5 sales per month, with an average sales value of $258,771 and average days on market of 103.  Using the same absorption rate, the current inventory of homes is equivalent to an 9+  month inventory. The current market is still considered a buyer’s market.

For the year first quarter of 2014, the market sales or absorption rate for Prospect CT was almost 6 sales per month, with an average sales value of $247,097 and average days on market of 110. With this rate and the current inventory, there would be a 12+ month absorption rate.

 

 Prospect CT Market trends

 

The graph demonstrates the average monthly sales value in Prospect CT with strong fluctuations from month to month.  The values in Prospect CT have demonstrated a gradual increase over the past 4 months but the market is still to a buyer's advantage.

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 Prospect 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 Prospect CT.

Prospect CT Homes for sale

 

Real Estate Market Statistics for Prospect CT April 2015

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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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Location:
Connecticut New Haven County Prospect Chesprocott
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Tags:
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Ed...this is great market information for sales and listings in Prospect, CT. Both buyers and sellers will find this information useful. 

Jun 09, 2015 09:23 AM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed now that is the type of market improvement I would love to see for the whole state.

I am wondering if the improvement is because you live there ....... LOL

Jun 09, 2015 09:54 AM #2
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, great market report and so valuable for those buyers and sellers in Prospect!  Hope this trend continues.

Jun 09, 2015 11:48 AM #3
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Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Ed- what a wonderful and totally comprehensive report on the market trends in Prospect, CT!    Love love love it!   I like the 3-D graph with the faded photo, too!

Jun 09, 2015 01:17 PM #4
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Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

Where in the world is Chesprocott?  I have never heard of it....

Jun 09, 2015 01:18 PM #5
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Nice work on your Prospect CT market report Ed. Nice photos and presentation.

Jun 09, 2015 02:17 PM #6
Rainmaker
2,282,904
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. This market is showing improvement, the number of days on the market is so much better than it once was.

Jun 09, 2015 07:26 PM #7
Rainer
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Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Ed.  PLEASE don't show houses with snow.  I don't want to re live the winter.  Nice report.

Jun 09, 2015 08:51 PM #8
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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Ed, your Prospect market is vastly different than ours. We have a strong sellers market with about a month and half worth of inventory. I kind of envy your situation. ;)  Happy Wednesday. 

Jun 10, 2015 12:49 AM #9
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Ed Silva

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