Watertown CT Real Estate Sales Report for June 2012

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
http://actvra.in/FLd

Watertown CT Real Estate Sales Report for June 2012

 

 Watertown CT Center gazebo

 

Currently in Watertown CT there are 153 active residential listings for sale, with 15 new listings being added in June. The homes for sale in Watertown CT range from a 544 square ft, 1-bedroom Lake cottage needing re-hab listed at $44,900 to a 8,908 square ft, 7-bedroom, colonial estate on 11.7 acres listed at $1,695,000.

 

Watertown CT June 2012 Mid Value Active

 

The average list price of the homes currently available for sale in Watertown CT is $274,799. The average days on market for these homes is 138 days. In addition, there are currently 24 homes under contract in Watertown CT, with 8 having going under contract in June.

 

 

Watertown CT Real Estate

 

In June, 20 homes closed in Watertown CT. They ranged from a 1,080 square ft, 3-bedroom, colonial, which sold for $81,000 to a 3,444 square ft, 3-bedroom, colonial which sold for $410,000. The average price for the homes that closed in June in Watertown CT was $196,596 with an average Days on Market of 138 days.  The closed properties had a Sales price to List price ratio of 95%.

 

By comparison, there were 23 closings in Watertown CT for the month of June 2011, with an average price of $238,661 and avg. days on market of 119. This indicates that for June of 2012, there were less homes sold, but the value of homes sold was 18% less with longer days on market.

 

For the year 2011, the market sales or absorption rate was 14 sales per month, with an average sales value of $231,191 and average days on market of 84.

 

 

For the first 6 months of 2012, the market sales or absorption rate was 12 sales per month, with an average sales value of $202,776 and average days on market of 126. The current inventory of homes is equivalent to a 12+month inventory.

 

 

By comparison to 2011, the current market is selling at a similar number of homes per month, but the values are averaging almost 12% less than 2011 with longer days on market. The current market is still a very strong buyer’s market. Yet, in looking at the graph for the last 18 months of sales in Watertown CT, it would demonstrate that the market has stabilized in price and is actually starting a slight upswing which hopefully will continue in the second half of 2012.  

 

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 Watertown 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 Watertown CT.

 

Watertown CT Real Estate Sales Report for June 2012

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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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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise in NE Philadelphia & Bucks County

Wonderful markert report Ed

Aug 02, 2012 08:37 AM #1
Rainmaker
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Al & Peggy Cunningham Brokers, Brampton Ontario Homes For Sale 905-450-5500
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Good luck there in Watertown Ed. We know you are on top of the market there and this report proves it!

Aug 02, 2012 11:44 AM #2
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George Souto
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Ed, lower sales, lower average price, and more days on the market is not the direction that we want to go in.  Hopefully things will turn around for Watertown in the near future.

Aug 02, 2012 11:58 AM #3
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Nick T Pappas
Assoc. Broker/Broker ABR, SFR, e-Pro, @Homes Realty Group, Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Ed, of course we want to see the market going in the other direction, but this is info that buyers and sellers need to know...this should be a tell for buyers to take advantage of a market that favors them.  Always a great job reporting conitions in your area.

Aug 02, 2012 03:25 PM #4
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Ed Silva

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