Watertown CT Real Estate Sales Report for October 2015

October 2015 Real Estate Market Statistics for Watertown CT

Currently in Watertown CT there are 135 active residential listings for sale, with 34 new listings being added in October. The homes for sale in Watertown CT range from a 1,611 square ft, 4-bedroom cape listed at $49,900 to a 8,500 square ft, 8-bedroom, colonial estate on 112 acres listed at $5,495,000.

Search for Homes in Watertown CT

The average list price of the homes currently available for sale in Watertown CT is $347,674. The average days on market for these homes are 126 days. In addition, there are currently 22 homes under contract in Watertown CT, with 6 going under contract in October.

In October 2015, 19 homes closed in Watertown CT. They ranged from an 960 square ft, 3-bedroom ranch, which sold for $105,000 to a 2,670 square ft, 4-bedroom, colonial which sold for $482,000. The average price for the homes that closed in October in Watertown CT was $183,324 with average days on market of 57 days.  The closed properties had a Sales price to List price ratio of 97.6%.

By comparison, there were 14 closings in Watertown CT for the month of October 2014, with an average sales price of $189,371 and avg. days on market of 76.

This indicates that for October of 2015, there were 15 more homes sold than in October 2014, with an average price 2.5% less than for the same period for the previous year with less time on market. This shows that there was an downward change in units and value for the state of the real estate market in Watertown CT over the same period the previous year, which is a negative direction.

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 first quarter of 2015, 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.

For the second quarter of 2015, the market sales or absorption rate for Watertown CT was 24 sales per month, with an average sales value of $212,969 and average days on market of 87.

For the third quarter of 2015, the market sales or absorption rate for Watertown CT was 21 sales per month, with an average sales value of $234,919 and average days on market of 77. This rate with the inventory would be a 7+ month absorption rate. The current market is still considered a buyer’s market but trending to a neutral 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 improvement over the second quarter of the year.

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 October 2015