MIDDLEBURY CT-REAL ESTATE MARKET REPORT for JUNE 2015

July 14, 2015

MIDDLEBURY CT-REAL ESTATE MARKET REPORT for JUNE 2015

 

What does the real estate market look like in Middlebury, CT? Home values have been climbing inconsistently over the past year in Middlebury CT, but they are climbing. More home sales than normal for this time of year, a drop in days on market for homes sold, and an increase in the number of pending sales makes it look like now is the best time for sellers to put their homes on the market. But beware: even with lower days on market, there are still about 18 months worth of homes to be sold at the current rate of 5 homes per month being sold.

 home values in Middlebury CT

median active home for sale in MIddlebury CTThere are currently 91 Middlebury CT homes for sale, with an average listing price of $491,988, and a median listing price of $369,900.

 

 

 

 

 

 

median home under deposit in Middlebury CT

There are 24 pending sales (under contract), with an average asking price of $369,596, a median asking price of $322,000, and the days on market before getting an acceptable offer averaging at 93 days.

 

 

 

 

 

9 homes were sold in Middlebury CT in median home sold in Middlebury CTthe month of June, with an average sale price  of $456,167, a median sale price of $339,900, and an average of 92 days on market before receiving an offer. By comparison, in June 2014, 3 homes were sold, with an average sale price of $389,333, a median sale price of $375,000, and an average of 144 days on market before receiving an offer. This year’s figures represent a 17% increase in average sale prices, and a decrease of 36% in the number of days on market, from last year.

 

 

So, what does this all mean? For sellers in Middlebury CT,  the pending and average sale prices and number of sales are signs for guarded optimism. The fact that prices are rising does not necessarily mean that every home will sell right away. The best way to make sure that your home gets sold, if you do decide to put your home on the market, is to hire a competent real estate agent who knows the Middlebury CT market, will price your home based on recent market sales, and who will give you excellent advice on how to prepare your home to attract potential buyers.

 

Looking to relocate to Middlebury CT? Visit Looking For A Reason to Move-Destination: Middlebury CT

 

For more information on Middlebury CT, you can read the following:

Middlebury CT Real Estate Market Updates

Meadowview Park Middlebury CT

Ledgewood Memorial Park Middlebury CT

Lake Quassapaug Amusement Park – Middlebury CT

 

If you are looking to buy a home in Middlebury CT, click on Middlebury CT homes for saleto search for homes in your price range.

 

For further information about the Middlebury 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 Middlebury 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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MIDDLEBURY CT-REAL ESTATE MARKET REPORT for MAY 2015

June 4, 2015

MIDDLEBURY CT-REAL ESTATE MARKET REPORT for MAY 2015

 

What does the real estate market look like in Middlebury, CT? At this point, pending sales are up markedly from what they were a few months ago. Sellers are definitely in the mood to sell, as the number of homes on the market is also up from what it usually has been at this time of the year.

 

median active home for sale in MIddlebury CTThere are currently 92Middlebury CT homes for sale, with an average listing price of $490,679, and a median listing price of $379,450.

 

 

 

 

 

 

median home under deposit in Middlebury CT

There are 24 pending sales (under contract), with an average asking price of $358,392, a median asking price of $329,000, and the days on market before getting an acceptable offer averaging at 105 days.

 

 

 

 

7 homes were sold in Middlebury CT in median home sold in Middlebury CTthe month of May, with an average sale price  of $278,957, a median sale price of $355,000, and an average of 112 days on market before receiving an offer. By comparison, in May 2014, 7 homes were sold, with an average sale price of $307,571, a median sale price of $320,000, and an average of 52 days on market before receiving an offer.

 

 

 

So, what does this all mean? For sellers in Middlebury CT,  the fact that the same number of homes sold  in less time last May as this May despite lower prices may present a bit of shock. Buyers are willing to pay for homes that they perceive have the most value for the amount of money they are willing to pay, and quickly, too. Thus, taking the extra step to prepare your home for sale makes all the difference between waiting months to receive an offer and getting an offer close to what you want soon after you list your home for sale.

 

Looking to relocate to Middlebury CT? Visit Looking For A Reason to Move-Destination: Middlebury CT

 

For more information on Middlebury CT, you can read the following:

Middlebury CT Real Estate Market Updates

Meadowview Park Middlebury CT

Ledgewood Memorial Park Middlebury CT

Lake Quassapaug Amusement Park – Middlebury CT

 

If you are looking to buy a home in Middlebury CT, click on Middlebury CT homes for saleto search for homes in your price range.

 

For further information about the Middlebury 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 Middlebury 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.


Middlebury CT-Real Estate Market Report for January 2014

February 17, 2014

MIDDLEBURY CT-REAL ESTATE MARKET REPORT for JANUARY 2014

 

What does the real estate market look like in Middlebury, CT?  Well, the number of homes that have been sold has remained rather constant over the last few months, and average sale prices are still higher than last year’s average sale prices. This bodes well for those looking to sell their homes in Middlebury.

 

median active home for sale in MIddlebury CTThere are currently 38 Middlebury CT homes for sale, with an average listing price of $545,096, and a median listing price of $375,000.

 

 

 

 

 

 

median home under deposit in Middlebury CT

There are 7 pending sales (under contract), with an average asking price of $346,657 and a median asking price of $359,000.



 

 

 

 

5 homes were sold in Middlebury CTin median home sold in Middlebury CTthe month of January, with an average sale price  of $297,800 and a median sale price of $355,000. By comparison, in January2013, 3 homes were sold, with an average sale price of $284,867 and median sale price of $329,600.

 

 

 

The chart below shows the difference between the listing and sales prices for the homes sold in January, as well as the number of days that those properties were on the market before an offer was made and accepted.

what does the real estate market look like in Middlebury CT?

               

So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your area, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer’s interest due to its curb appeal and other factors. If  you are a buyer, this tells you how many homes there are on the market in this area and what price range the typical home in this area sells for.

 

Looking to relocate to Middlebury CT? VisitLooking For A Reason to Move-Destination: Middlebury CT

 

For more information on Middlebury CT, you can read the following:

Middlebury CT Real Estate Market Updates

Meadowview Park Middlebury CT

Ledgewood Memorial Park Middlebury CT

Lake Quassapaug Amusement Park – Middlebury CT

 

If you are looking to buy a home in Middlebury CT, click onMiddlebury CT homes for saleto search for homes in your price range.

 

For further information about the Middlebury 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 Middlebury 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.


Middlebury CT 2013 Real Estate Market Report

February 13, 2014

Middlebury CT 2013 Real Estate Market Report

 

Middlebury Real Estate Statistics 2013

In 2013, 72 homes were sold in Middlebury CT, with an average sale price of $310,328 and an average of 98 days on market. The homes that sold ranged from a 1620 sq. ft. 3 bedroom colonial that sold for $63,500, to a 3672 sq. ft. 4 bedroom contemporary that sold for $675,000.

It is quite difficult to say that the recovery of the Middlebury CT housing market is underway with a less than 1% increase over last year’s average sale prices. It is interesting to note, however, that this is the second year within the last 5 years that home values have seen a positive increase. On a more positive note, the length of time that it has taken to get a home sold and sales price/list price ratios have remained relatively constant over the last two years. Sellers, remember to list your homes at market value if you are going to place your homes on the market in 2014, so that they will sell quickly.

 

2013

2012

2011

2010

2009

Homes Sold

72

54

62

45

74

Av. Listing Price

327,180

334,580

408,758

362,804

410,811

Av. Sale Price

310,328

308,893

381,732

332,418

377,351

Av. DOM

98

99

135

117

140

SP/LP Ratio

95%

94%

94%

92%

93%

Change in $ +/-

0.46%

-19.08%

14.84%

-11.91%

-7.16%

For further information about the Middlebury 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 Middlebury 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.