Watertown CT Real Estate Sales Report for March 2017

Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001

March 2017 Real Estate Market Statistics for Watertown CT


Currently in Watertown CT there are 111 active residential listings for sale, with 26 new listings being added in March. The homes for sale in Watertown CT range from an 1,122 square ft, 3-bedroom REO colonial listed at $45,000 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 March 2017 


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The median list price of the homes currently available for sale in Watertown CT is $282,400. The average days on market for these homes are 115 days. In addition to these active listings, there are 24 homes under pending status and 20 homes under hard deposit in Watertown CT.


 Watertown CT Real Estate Sales Report for March 2017

In March 2017, 18 homes closed in Watertown CT. They ranged from an 1,248 square ft, 2-bedroom cape, which sold for $77,000 to a 3,128 square ft, 3-bedroom ranch which sold for $447,500. The average price for the homes that closed in March in Watertown CT was $213,228 with average days on market of 87 days.


By comparison, there were 16 closings in Watertown CT for the month of March 2016, with an average sales price of $212,889 and avg. days on market of 58.


This indicates that for March of 2017, there were 2 more homes sold than in March 2016, with an average price only slightly greater than for the same period for the previous year with longer time on market. This shows that there was an increase in number of units, with a negligible increase in value. 


For the year 2016, the market sales or absorption rate was 19 sales per month, with an average sales value of $217,884 and average days on market of 75. 

For the first quarter of 2017, the market sales or absorption rate for Watertown CT was 12 sales per month, with an average sales value of $236,200 and average days on market of 95. This rate with the current inventory would be an 7+ month absorption rate. The current market is still a buyer's market.


Watertown CT Real Estate Sales Report for March 2017 


The graph demonstrates the average monthly sales value in Watertown CT for with strong fluctuations from month to month, yet slight increases in value over 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.



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Watertown CT Real Estate Sales Report for March 2017

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Ed Silva  RE/MAX Professionals,   203-206-0754


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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed this market report seems pretty positive to me especially the way the Real Estate Market had been going in that part of the state.  Do you think we have finally headed back?

Apr 21, 2017 04:02 PM #1
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Ed

I agree with George! Looks like a pretty diverse housing market, too with a wide range of choice for buyers. Buyers and sellers both will appreciate having this information.

Have a great weekend!


Apr 21, 2017 04:14 PM #2
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will appreciate your local real estate market reports.

Apr 23, 2017 09:08 AM #3
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

This comprehensive report should get a lot attention from prospective buyers and sellers in your area. You really provide a lot of excellent information. Wishing you stupendous sales and lots of happiness!

Apr 23, 2017 04:36 PM #4
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Ed.  Thanks for keeping us updated with the Watertown CT real estate sales report.

Apr 24, 2017 04:32 AM #5
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Ed Silva

Central CT Real Estate Broker Serving all equally
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