Washington CT Real Estate Market Activity March 2011

By
Real Estate Agent with Berkshire Hathaway HomeServices New England Properties Licensed in Connecticut
http://actvra.in/8Hl

Washington, Washington Depot, New Preston CT 06793, 06794, 06777 Real Estate Report, March 2011.

Washington CT Real Estate Activity

Currently in Washington, CT real estate market there are 84 single family homes for sale. This is an increase of 15 homes since last month. I know there is great optimism in the luxury home market for Litchfield County, and this could certainly be the reason for such an increase in available homes for sale.

Washington, CT is one of the favored locations for that quintessential Connecticut country retreat for those looking for a luxury second home in Litchfield County. New York City drive time is approximately 90 minutes, making it a very convenient location. Another wonderful draw to Washington, CT is Lake Waramaug, located just off Route 202 in the New Preston section of Washington.

3 home sold in Washington, CT in March 2011.  This is 2 more than the previous month. The average sale price was $754,167, average market time, 260 days.

The average list price of single family homes for sale in Washington, CT is $1,286,067.

The average market time for these active listings in Washington, CT is 212 days.

The highest price home for sale in Washington, CT is $9,495,000, total luxury and direct waterfront on Lake Waramaug. The home has a 2 bedroom boat house on the lake, making it a very desirable setting.

The lowest priced home for sale in Washington, CT is $209,900, a small antique located just off of Route 202.

Of the 84 single family homes for sale in Washington, CT, 2 homes are under deposit. One is a small home on 5 acres listed for $295,000 and will probably
get a total makeover by the new owner after it sells, the other is a beautiful contemporary set on 48 acres, listed for $3,000,000. 

Currently there are 5 homes that are in the pending sale status in Washington, CT.  The average list price of these homes in the pending sale status is $624,600. The average market time for these homes is 213 days.

HOMES SALE COMPARISONS MONTH TO MONTH WASHINGTON, CT
Washington CT Real Estate Activity

The above statistics are provided courtesy of Greater Fairfield County Multiple Listing Service (CMLS). Information provided is deemed reliable, but not necessarily accurate. There may be discrepancies, as mistakes in inputing can be made, and the fact that Connecticut has more than one multiple listing service. There may be instances where a home was/is for sale in Washington, CT and is on the other multiple listing service. I am a member of both multiple listing services in Connecticut, and have access to all homes for sale in the Washington, CT area.

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SNAPSHOT OF THE REAL ESTATE MARKET
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Ambassador
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Dagny Eason
Dagny's Real Estate - Wilton, CT
Fairfield County CT, CDPE Homes For Sale and Condo

That's a really nice market report, Andrea!  Washington is one of my favorite spots....

Apr 23, 2011 08:35 AM #1
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Tammy Lankford
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Your Lake Sinclair Expert (706-485-9668)

Andrea- for those of us not familiar with the terms in your area what's the difference in "under deposit" and sale pending? 

Apr 23, 2011 09:01 AM #2
Rainmaker
807,358
Anthony Stokes-Pereira
Better Homes and Gardens Rand Realty - Nanuet, NY
Realtor

A very detailed presentation on activity in your market area, great information for buyers and sellers.

Apr 23, 2011 09:07 AM #3
Rainmaker
1,230,645
Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500
RE/MAX Realty Services Inc. - Brampton, ON

There still seems to be a great selection for the Buyers in the Washington CT area Andrea! Nice to see the sales increase even if it was only by 1, it is still in the right directions.

Apr 23, 2011 09:09 AM #4
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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Dagny, I happen to agree, Washington is a beautiful town!

Tammy, we move from "under deposit", which is a time when the seller and buyer agree to the sale, but are not locked into a contract, to "pending", which is after the contracts are signed. There is usually 2-3 weeks between these two. Inspections are done, etc, during the under deposit period of time.

Anthony, thank you!

Al & Peggy, yes indeed, anything upward is a great sign!

Apr 23, 2011 09:12 AM #5
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Andrea Swiedler

Realtor, Southern Litchfield County CT
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