Southbury CT 2011 Real Estate Market Report

By
Real Estate Agent with WEICHERT, REALTORS® - Briotti Group CT RES.0785956
http://actvra.in/rRj

Southbury CT 2011 Real Estate Market Report

 

statistics for Southbury CT home sales

 

In 2011, 124 homes were sold in Southbury CT, with an average sale price of $403,485 and an average of 117 days on market. The homes that sold ranged from a 760 sq. ft. 1 bedroom ranch that sold for $47,500, to a 4700 sq. ft. 4 bedroom colonial that sold for $760,000.

 

The absorption rate for Southbury CT homes sold is at 10.33 homes sold per month. At that rate, with the number of homes currently on the market in Southbury CT, there is a 12 month supply of homes available for sale.

 

 

2011

2010

2009

2008

2007

Homes Sold

124

139

121

128

145

Av. Listing Price

390,063

429,958

422,667

498,390

499,998

Av. Sale Price

369,631

403,485

399,732

473,196

480,033

Av. DOM

98

117

97

94

109

SP/LP Ratio

94%

93%

96%

95%

96%

 

2011 was a good year for the majority of buyers in Southbury CT, as average sales prices dropped below the averages for both last year and the year before. Average days on market, and sales price/list price ratios have remained fairly constant, so sellers are being realistic about pricing their homes when they list. The message for sellers in Southbury CT that this data presents is that you can still get your home sold, under the right conditions.

 

For further information about the Southbury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Southbury CT homes for sale.

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.

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Courtesy of William James Walton, Sr. , Realtor, WEICHERT, REALTORS® - Briotti Group

Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown, Thomaston and Plymouth)

 

Call William James Walton, Sr. Real Estate Agent with WEICHERT, REALTORS® - Briotti Group (203) 558-7463 for help with your real estate needs -buying or selling -  in Waterbury, Watertown, Wolcott, Middlebury, Southbury, Prospect, Naugatuck, Plymouth and Thomaston

Buyers - Search for Greater Waterbury, CT Area Homes For Sale

Sellers - Request a Free Home Evaluation, Look at Recent Home Sales

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Richard Iarossi
Coldwell Banker Residential Brokerage - Crofton, MD
Crofton MD Real Estate, Annapolis MD Real Estate

William,

With 12 months inventory it still looks like a buyers market in Southbury.

Rich 

Jan 25, 2012 08:29 AM #1
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Greater Waterbury Real Estate
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