Watertown CT Real Estate Sales Report for December 2016

By
Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
https://activerain.com/droplet/4YX6

December 2016 Real Estate Market Statistics for Watertown CT

 

Watertown CT Real Estate Sales Report for December 2016

 

Currently in Watertown CT there are 121 active residential listings for sale, with 14 new listings being added in December. 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.

 

 

Search for Homes in Watertown CT

 

 

The average list price of the homes currently available for sale in Watertown CT is $384,888. The average days on market for these homes are 120 days. In addition, there are currently 11 homes under contract in Watertown CT, with 4 going under contract in December.

 

 Watertown CT Real Estate Sales Report for December 2016

In December 2016, 16 homes closed in Watertown CT. They ranged from an 1,232 square ft, 3-bedroom ranch, which sold for $95,000 to a 2,802 square ft, 3-bedroom colonial which sold for $360,000. The average price for the homes that closed in December in Watertown CT was $208,769 with average days on market of 80 days.  The closed properties had a Sales price to List price ratio of 96.7%.

 

By comparison, there were 15 closings in Watertown CT for the month of December 2015, with an average sales price of $168,620 and avg. days on market of 69.

 

This indicates that for December of 2016, there was 1 less home sold than in December 2015, with an average price 21% greater than for the same period for the previous year with slightly less time on market. This shows that there was an increase in value for units. 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.

 

For the fourth quarter of 2016, the market sales or absorption rate for Watertown CT was 16 sales per month, with an average sales value of $208,441 and average days on market of 69. This rate with the current inventory would be an 7+ month absorption rate. The current market is still a buyer's market.

 

 

The graph demonstrates the average monthly sales value in Watertown CT for 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.

 

Search for Homes in Watertown CT

 

Watertown CT Real Estate Sales Report for December 2016

Posted by

 

Search for all Connecticut homes 

Subscribe

 

 

 

 

Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

Get Help with Short Sale in Connecticut

    www.ctshortsalesilva.com

 

 

 

 

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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Connecticut Litchfield County Watertown
Groups:
Posts to Localism
City and State
Local Real Estate Market Reports
Market Reports
2017 Market Trend Reports
Tags:
watertown ct homes for sale
buying homes in watertown ct
selling homes in watertown ct
watertown ct market trends

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
759,332
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Your market seems very reasonable, and fairly active compared to what I hear from CT based friends and potential clients wanting to move.

Jan 20, 2017 07:08 AM #1
Ambassador
3,990,448
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed

It's nice to hear about the positive trends in Watertown CT with hopefully more to come in 2017. Buyers and sellers will appreciate this information and can look to you for expert guidance in their decision making.

Have a great weekend.

Jeff

Jan 20, 2017 07:17 AM #2
Rainmaker
1,615,913
Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Thanks for the update and best of luck for a great year in 2017!

Jan 20, 2017 08:44 AM #3
Ambassador
1,769,790
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Ed, excellent report on Watertown CT Real Estate. This will be a big help to your clients who are thinking about the Spring market.

Jan 20, 2017 05:03 PM #4
Ambassador
2,036,538
Michelle Carr Crowe,Altas Just Call...408-252-8900!
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Thank you for a useful post on what's happening in your local real estate market!

Jan 21, 2017 02:55 PM #5
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
2,559,538

Ed Silva

Central CT Real Estate Broker Serving all equally
How Can I help you with Connecticut Real Estate?
*
*
*
*
Spam prevention

Additional Information