Real Estate Market Statistics for Cheshire CT for December 2018

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

What’s My Cheshire CT Home Worth, Market Statistics for December 2018

  

Currently in Cheshire CT there are 95 active residential listings for sale. They range from a 1,368 square ft, 3-bedroom ranch listed at $159,000 to a 5,178 square ft, 5-bedroom colonial listed at $1,100,000. The average list price of the homes currently available for sale in Cheshire CT is $462,724. The average days on market for these homes is 162 days. For the month of December, there were 9 new homes listed for sale in Cheshire CT.

 

Cheshire CT Dec 2018 Mid Value ctive

 

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There are currently 11 homes under contract in Cheshire CT, and 1 went under contract in December. The average list price for the homes under contract is $413,526 with average days on market of 104 days.

 

Cheshire CT Dec 2018 Mid Value Closed 

 

In December 2018, 16 homes closed in Cheshire CT. They ranged from a 974 sq ft, 2-bedroom ranch which sold for $69,000 to a 3,288 sq ft 4-bedroom, ranch which sold for $559,900.  Average sales price of the homes that sold was $281,503. Average DOM of 48 days. The closed properties had a sales price to List price ratio of 95%.

 

By comparison, there were 33 closings in Cheshire CT for the month of December 2017, with an average price of $337,183 and avg. days on market of 91. This would indicate that in December 2018, the number of homes sold was less by 17 homes, and the average value of the homes was almost 20% less with longer days on market.

 

For the year 2017, the market sales or absorption rate was 28 sales per month, with an average sales value of $342,362 and average days on market of 61.

 

For the year 2018, the market sales or absorption rate was also 28 sales per month, with an average sales value of $345,022 and average days on market of 59. This rate with the current inventory would be a 31/2 month absorption rate. The current market is considered a strong seller's market. 

 

 Cheshire CT Dec 2018 Sales Chart

The graph demonstrates the average monthly sales value in Cheshire CT with slight fluctuations from month to month. The sales appeared to demonstrate a gradual increase in prices with an unusual drop in December most likely attributed to the sudden cold as well as a change in interest rates.

 

If you are interested in buying or selling a home in the Cheshire CT area send me an email at easilva48@comcast.net or call me at 203-206-0754 and we can set up a time to meet.

 

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 Cheshire 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 Cheshire CT. 

 

 

Real Estate Market Statistics for Cheshire CT for December 2018

 

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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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Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
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Good afternoon Ed Silva - very good and understandable explanation of the Cheshire CT market.  Buyers and sellers can rely on you for the best guidance.

Jan 19, 2019 11:37 AM #1
Rainer
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Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties sold.

Jan 19, 2019 02:29 PM #2
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