Cheshire Ct Real Estate 2009 End of Year Analysis

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

The Town of Cheshire can trace it's roots indirectly from the town of New Haven by way of Wallingford, 2 generations removed. Today it is still a home to many people who commute daily to the new Haven area for work. Originally founded as the West Farm area of Wallingford, if got it's official name of Cheshire from a the Brooks family who emigrated here from Cheshire in England.

The early settlers were not only farmers but also were extensively into the mining of copper and barium sulfite, which was used extensively in the production of glass, paint and cloth. The first manufacturing company to start up in Cheshire, was aptly called the Cheshire Mfg Co, which produced ivory combs and buttons. Part of the original company, which was called the Ball & Socket Co, has been merged with the Waterbury Co, but still produces military buttons for our armed services.

 Sales data for 2009  is as follows:

   CY 2008   CY 2009 Current active Mos of Inventory Currently under contract
RESIDENTIAL 205 187 136      11         33
CONDOS       59       75       44        6 15

In 2009, 205 residential properties were sold with a range in value from $ 80,500 to $1,350,000 with a median sales price of $373,000.  Days on market avg of 56

By comparison, there were 187 units sold in 2008 with a range in value from $184,000 to $1,270,000 with a median sales price $380,000. Days on market avg of 51.

Cheshire still enjoys somewhat of a manufacturing base in the north end of town. There are still several active truck farms in town. In addition, Cheshire is known s the bedding capital of New England with many nurseries located throughout the town. The old trolley line, once know as the Farmington line has since been cleaned, cleared and paved and servers as a walking and activities trail running almost 8 miles through the town.

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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,  www.edwardsilva.com  203-206-0754

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  1. Re/Max Partners 01/31/2010 10:42 AM
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Topic:
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Ambassador
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George Souto
Your Connecticut Mortgage Expert
George Souto NMLS #65149 FHA, CHFA, VA Mortgages Connecticut

Ed, I didn't know any of that about Cheshire.  What I do know is that it is a very nice town to live in with a school system that has a very good reputation.

January 29, 2010 07:56 PM
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Ed Silva
CDPE, GRI, ABR, Real Estate Agent
RE/MAX Professionals, CT 203-206-0754

George, the largest nurseries are over just east of the 691 corridor. Calvanese owns some huge plots. The Cheshire school system is highly rated but a lot of that is because the majority of people living in town, are college educated at the very least, so their priorities are high. The Cheshire high girls swimming team has set a record for something like 200 consecutive swim meets without a loss. There's Cheshire Academy which is on a level with Choate-Rosemary. The industrial park has some heavy hitters with P&W having the engine overhaul plant that's threatening to leave the state

January 29, 2010 08:04 PM
Rainmaker
543,261
Toula Rosebrock
Broker/Sales Associate, Realtor, Lacey Township,
Diane Turton, Realtors, Forked River, NJ

ToulaRosebrock,com

Hi Ed:

Looks like a nice handful of properties are under contract.

Hopefully this trend will continue!

January 29, 2010 09:40 PM
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Ed Silva
CDPE, GRI, ABR, Real Estate Agent
RE/MAX Professionals, CT 203-206-0754

Toula, Cheshire, like Middlebury are two towns removed from Fairfield county that don't really know they are part of Ct. There beat is a little different, and almost a different air by their agents when you talk to them.

January 30, 2010 10:30 AM
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