Middlebury CT Real Estate Sales Report for January 2011
Currently in Middlebury CT there are 66 active residential listings for sale. They range from a 1,541 square ft, 2-bedroom cape listed at $149,900 to a 4,100 square ft, 3-bedroom classic colonial estate listed at $2,200,000. The average list price of the homes currently available for sale in Middlebury CT is $518,323. The average days on market for these homes is 326 days. For the month of January, there were 11 new homes listed for sale in Middlebury CT.
In addition, there are currently 4 homes under contract in Middlebury CT.
In January, 4 homes closed in Middlebury CT. They range from a 900 square ft, 2-bedroom ranch which sold for $182,500 to a 4,836 square ft, 4-bedroom cape which sold for $520,000. The average sales price of the homes that sold in Middlebury CT was $364,375. The average days on market for these homes is 196 days. The closed properties had a Sales price to List price ratio of 93%.
By comparison, there were 5 closings in Middlebury for the month of January 2011, with an average price of price of $430,480 and average days on market of 106 days.
For the year 2011, the market sales or absorption rate was 5 sales per month, with an average sales value of $381,732 and average days on market of 135. The current inventory of homes is equivalent to a 13-month inventory.
The only condo developments that are found in Middlebury are 55+ Adult condos. There are currently 19 condos for sale Middlebury CT. They range in price from $ 529,000 for a 2,471 sq ft, 2-bedroom unit to $259,900 for a 3-bedroom, REO unit. There are currently five (5) condos under contract in Middlebury CT. In the month of January, no condos closed in Middlebury CT.
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 Middlebury 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 Middlebury CT.