Watertown CT Real Estate Market Update In Zip Code 06795

May 22, 2011
Watertown CT Real Estate Market Update in Zip Code 06795 

Here are the most recent statistics on the real estate market for single family homes in Watertown CT 06795.

Homes for Sale

79

Average Listing Price

$354,345

Average Sq. Ft.

2245

Months of Inventory

16.91


Home Sales (March 2011)

8

Average Sale Price

$295,438

Average Days on Market

167

 

 

 

 



The single family Watertown CT 06795 homes for sale range from a 660 sq. ft.1 bedroom cottage for $99,900 to a 6758 sq. ft. 5 bedroom contemporary style home for $1.6 million.

The homes sold in Watertown CT 06795 real estate market in March range from a 1364 sq. ft. 3 bedroom colonial that sold for $124,500 to a 3894 sq. ft. 4 bedroom cape that sold for $450,000.

The Watertown CT 06795 real estate market is, with 17 months of inventory at the current sales pace of 4.67 units per month being sold, still a very strong buyer’s market.

 

Ready to buy or sell your home in Watertown CT 06795? Give me a call at (203) 558-7463 or send me an e-mail to request a free market analysis of your Watertown CT 06795. I look forward to discussing with you Watertown CT 06795 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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Watertown CT Real Estate Market Update in Zip Code 06779

May 21, 2011

Watertown CT Real Estate Market Update in Zip Code 06779

Here are the most recent statistics on the real estate market for single family homes in Watertown CT 06779.

Homes for Sale

28

Average Listing Price

$197,559

Average Sq. Ft.

1411

Months of Inventory

6.71

 

Home Sales (March 2011)

3

Average Sale Price

$149,967

Average Days on Market

56

 

 

 



The single family Watertown CT 06779 homes for sale range from a 720 sq. ft.2 bedroom ranch for $85,000 to a 2440 sq. ft. 4 bedroom colonial for $389,000.

The homes sold in Watertown CT 06779 real estate market in March range from an 1842 sq. ft. 4 bedroom colonial that sold for $110,000, to a 1232 sq. ft. 2 bedroom ranch that sold for $184,900.

The Oakville CT (Watertown CT 06779) real estate market has an absorption rate of 7 months for the current inventory at the current sales pace of 4.17 units per month being sold.

Ready to buy or sell your home in Watertown CT 06779? Give me a call at (203) 558-7463 or send me an e-mail to request a free market analysis of your Watertown CT 06779 home. I look forward to discussing with you Watertown CT 06779 homes for sale.

http://listings.realbird.com/home-search-o/?rb_id=C3E3F9C9&bq=itemtype:housinglocation:@%2206779%22listingtype:housing/sale&orderby=ctime_reverse

 

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

 


It Is Up to You, Mr. Seller

May 15, 2011

It Is Up To You, Mr. Seller

So, Mr. Seller, you’ve made a decision that you want to sell your home. Scratch that. You’ve decided that you need to sell your home.

That’s great. You start looking at what other homes in your neighborhood are selling for. You research market statistics on homes that have sold. You peruse some websites that allow you to obtain a market analysis of your home. You go to Zillow to get some more information about the prices of similar homes in your area. You read the local newspaper, looking for tips on how to sell your home.

You’ve been gathering information for some time now, and you are weighing your options – do I use a realtor, or do I try to sell my home on my own? You evaluate all of the pros and cons of each avenue and you ultimately decide against selling it on your own and you decide to reach out to a few realtors – those whose sites you used to get a free evaluation from, and one who was recommended to you by a co-worker who recently sold his own home.

After speaking with all of the agents and listening to their presentations, you’ve settled on one agent. You just…clicked. He explained to you in detail his marketing strategy, established how he would communicate with you during the process, and provided his rather extensive resume of closed
transactions over the last several years.

So you ask the usual questions as you prepare to sign the listing agreement:

  • At what price should I list my home?
  • How long do you think it will take for
    the home to sell?
  • What should I do to make the home more
    appealing to buyers?
  • Will the house actually sell in this
    market?

My response to those questions? It is up to you, Mr. Seller.

The whole process of selling your home is dependent first and foremost on the attitude that you bring to the table. You established that you wanted and needed to sell your home, so your actions should be consistent with that motivation.

But you’re the Realtor. You’re the professional, so you should know the answers to my questions.

That is true, I am the professional. But consider this:

·        I performed a comparative market analysis of your home and came up with a suggested listing price range of $150,000-$160,000. Did you concur with my professional opinion supported by the market statistics, or did you insist that you needed $195,000 in order to place your home on the market?

·        I toured the home prior to our listing appointment and took some pictures. I made several suggestions that would improve the curb appeal of your home, and even provided you a list of vendors who could perform the needed repairs at a minimal cost to you, if you were unable to complete the repairs yourself. Did you follow through with my suggestions, or did you refuse to even trim the hedges and mow the lawn, let alone make any repairs?

·        I suggested de-cluttering several rooms and making some minor rearrangements of
furniture so that buyers could visualize the amount of space available. Did you take my advice, or ignore it altogether?

·        I informed you that the majority of buyers would be uncomfortable touring a home with
either one of us present, and that your schedule needed to be flexible in order to accommodate potential buyers who want to see your home. Did you make arrangements to vacate the premises during a showing, or did you insist on being present to meet each buyer, as well as unreasonably limiting the times in which your home could be shown?

Sellers, if you are serious about selling your home, only
you, based on the actions that you take, can determine whether your home sells
or not. Your actions during the selling process must be consistent with your
need to sell or your want to sell, and especially if you both need and want to
sell your home.

In the final analysis, Mr. Seller, whether your home sells
or not is entirely up to you.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

                                                                                                                               


The True Cost of Buying A Home

May 15, 2011

The True Cost of Buying a Home

pictures

Do buyers really understand the costs involved in buying a home? Reflecting on my own home-buying experience, and thinking about the experience that I’ve had with a recent buyer in getting them the house that they want, has turned on a light bulb of sorts in my head. There are sooo many costs involved with buying a home that most people aren’t aware of when they first start on their home-buying journey.

The problem isn’t that Realtors don’t explain the costs. We actually do, but it is the way in which we do it that causes the most confusion for most buyers. Or maybe it’s just my relative lack of experience that’s surfacing? I am not so sure which one it is, but I do know that a detailed explanation should be provided in writing of the true cost of buying a home.

There are five different items which you will need to have money up-front for. In the order which you will need cash on hand for those items, they are:

1. Down Payment

2. Appraisal

3. Home Insurance

4. Home Inspection

5. Closing Costs: which include

a. Attorney’s Fees for title search and insurance, and representation

b. Prorated taxes already paid by the seller

c. Other prepaid items, such as oil/gas

Each of those items will vary, depending on the type of home you are purchasing, and other variables. Such as the type of financing you are using. Conventional, FHA, VA, and USDA all have different requirements for down payment amounts. Appraisals usually run anywhere from $200 to $500, depending on the area and type of property being appraised. Same thing applies when it comes to home insurance. Seller concessions may reduce the total amount of closing costs that you will have to pay, dependent on the terms that your realtor negotiates in the contract to purchase.

As a buyer, you should have this discussion with your realtor at the beginning of the home buying process. Doing so will allow you to prepare, or be prepared, for all of the nuances of buying a home, and will help to eliminate any last minute surprises and help you to achieve your goal of owning a home with much less stress.