Watertown CT Real Estate Sales Report for November 2016

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
https://activerain.com/droplet/4Y74

November 2016 Real Estate Market Statistics for Watertown CT

 

Currently in Watertown CT there are 120 active residential listings for sale, with 14 new listings being added in November. The homes for sale in Watertown CT range from a 1,122 square ft, 3-bedroom REO colonial listed at $69,900 to a 8,500 square ft, 8-bedroom, colonial estate on 112 acres listed at $5,695,000.

 

 Watertown CT Real Estate Sales Report for November 2016

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The average list price of the homes currently available for sale in Watertown CT is $346,562. The average days on market for these homes are 120 days. In addition, there are currently 12 homes under contract in Watertown CT, with 7 going under contract in November.

 

 Watertown CT Real Estate Sales Report for November 2016

In November 2016, 19 homes closed in Watertown CT. They ranged from an 1,092 square ft, 2-bedroom REO ranch, which sold for $69,900 to a 4,257 square ft, 4-bedroom contemporary which sold for $675,000. The average price for the homes that closed in November in Watertown CT was $237,478 with average days on market of 98 days.  The closed properties had a Sales price to List price ratio of 95.6%.

 

By comparison, there were 21 closings in Watertown CT for the month of November 2015, with an average sales price of $211,147 and avg. days on market of 72.

 

This indicates that for November of 2016, there were 2 less homes sold than in November 2015, with an average price greater than for the same period for the previous year with slightly longer time on market. This shows that there was an increase in value for units sold with a slight decrease in number of sold homes.  This is a positive trend for Watertown CT.

 

For the year 2015, the market sales or absorption rate was 19 sales per month, with an average sales value of $216,383 and average days on market of 83.

For the first quarter of 2016, the market sales or absorption rate for Watertown CT was 13 sales per month, with an average sales value of $209,508 and average days on market of 77.

 

For the second quarter of 2016, the market sales or absorption rate for Watertown CT was 22 sales per month, with an average sales value of $225,372 and average days on market of 81.

 

For the third quarter of 2016, the market sales or absorption rate for Watertown CT was 26 sales per month, with an average sales value of $220,209 and average days on market of 69. This rate with the current inventory would be an 6 month absorption rate. The current market is trending to a neutral market, which is a positive trend.

 

 Watertown CT Real Estate Sales Report for November 2016

 

The graph demonstrates the average monthly sales value in Watertown CT for 2015-2016 with strong fluctuations from month to month.

 

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.

 

 

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Watertown CT Real Estate Sales Report for November 2016

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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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Tags:
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Rainmaker
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Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Ed, that's a great jump in average price, this should make Watertown CT homeowners thinking about selling their home very happy. Hope the trend continues!

Dec 14, 2016 01:16 PM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Ed even though there were 2 less homes sold I like the report.

Dec 14, 2016 06:44 PM #2
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Definitely a positive trend with prices up and DOM down in Watertown CT, Ed Silva!  Great report!

Dec 14, 2016 07:35 PM #3
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Ed Silva  another wonderful market report on Watertown-Ct- You are the agent to call when looking to make a move . The local expert !

Dec 14, 2016 07:39 PM #4
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed -  First of all I love your outfit, santa.  It looks like some nice homes for sale in Watertown CT.

Dec 14, 2016 08:59 PM #5
Rainmaker
4,797,261
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Ed.  Thanks for keeping us updated with the Watertown CT real estate market.

Dec 15, 2016 03:33 AM #6
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