Plymouth CT-Real Estate Market Report for June 2015

July 20, 2015

Plymouth CT-Real Estate Market Report for June 2015

Plymouth CT


What does the real estate market look like in Plymouth, CT? Real estate prices in Plymouth CT have bounced between $125k and 175K over the last year and the number of sales has been consistent with past market performance – sales being down during the winter months and rebounding once the summer starts. The number of pending sales and pending prices are also consistent and do not reflect any major shifts in the real estate market in favor of home sellers.

home values in Plymouth CT

 

There are 88 single family Plymouth CT homes for sale, with median active home for sale in Plymouth CTan average listing price of $191,653 and a median listing price of $174,700.

 

 

 

 

 

 

median home under deposit in Plymouth CT

There are 32 pending sales (under contract), with an average asking price of $167,863, a median asking price of $159,900, and an average of 71 days on market before accepting an offer.

               

You can get a better sense of what the real estate market for Plymouth CT looks like by viewing the information by zip code:

Zip code Homes for Sale
06782 40
06786 80

 


 

14 homes were sold in Plymouth CT in the month of June, with median home sold in Plymouth CTan average sale price of $175,929, a median sale price of $166,250, and averaging 67 days on market before accepting an offer. By comparison, in June 2014, 15 homes were sold in Plymouth CT, with an average sale price of $169,407, a median sale price of $152,000, and averaging 132 days on market before accepting an offer. This year’s figures represent a 3.85% increase in average sale prices, and a 49% decrease in average days on market, from last year.

 

 

 

So, what does all of this mean? Lower days on market is usually a good sign for sellers already in the market to sell their homes, but without a significant increase in average sale prices, does not translate into more homes being on the market for buyers. If you are thinking about putting your home on the market, consult with a competent realtor who knows the Plymouth CT real estate market, will price your home based on market conditions, and will help you to maximize your home’s curb appeal in order to attract potential buyers and get offers quickly.

 

Go to Plymouth CT Real Estate – Market Update for prior Plymouth CT market reports.

           

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

 

Are you looking for a home in Plymouth CT? Click on Plymouth CThomes for sale to find homes for sale in your price range.

 

For more information about the Plymouth 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 Plymouth 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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Plymouth CT-Real Estate Market Report for May 2015

June 10, 2015

Plymouth CT-Real Estate Market Report for MAY 2015

Plymouth CT

 

 

 

 

 

 

 

What does the real estate market look like in Plymouth, CT? There hasn’t been much of a change in the Plymouth CT real estate market. The usual amount of activity is taking place at this time of the year – buyers are moving on homes that fit their budget in a little over 2 months time, typical for the spring selling season heading into the summer months.

 

There are 87 single family Plymouth CT homes for sale, with median active home for sale in Plymouth CTan average listing price of $185,238 and a median listing price of $160,000.

 

 

 

 

 

 

median home under deposit in Plymouth CT

There are 27 pending sales (under contract), with an average asking price of $187,689, a median asking price of $179,900, and an average of 64 days on market before receiving an acceptable offer.

               

You can get a better sense of what the real estate market for Plymouth CT looks like by viewing the information by zip code:

Zip code

Homes for Sale

06782

13

06786

62

 


 

 

 

median home sold in Plymouth CT

5 homes were sold in Plymouth CT in the month of May, with an average sale price of $143,000, a median sale price of $145,000, and an average of 114 days on market before accepting an offer. By comparison, in May 2014, 5 homes were sold in Plymouth CT, with an average sale price of $157,201, a median sale price of $175,000, and an average of 130 days on market before accepting an offer.

 

 

 

           

So, what does all of this mean? The fact that it has taken less than half a month’s difference in time between last year and this year for sellers to accept offers on homes that on average are much cheaper than what they were last year says that buyers hadn’t found the value in the homes that were on the market some months ago. Going forward, however, is a different story. Sellers are doing something right, and buyers are seeing it, thus the fact that there are 27 pending sales at higher average prices and in less time than both this month’s and last year’s sales. If sellers want to keep seeing higher priced homes go in less time, they must continue to convince buyers of the value of their homes by doing everything they can to present their homes in the best possible light.

 

Go to Plymouth CT Real Estate – Market Update for prior Plymouth CT market reports.

           

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

 

Are you looking for a home in Plymouth CT? Click on Plymouth CThomes for sale to find homes for sale in your price range.

 

For more information about the Plymouth 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 Plymouth 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.


Plymouth CT-Real Estate Market Report for January 2014

February 21, 2014

Plymouth CT-Real Estate Market Report for January 2014

Plymouth CT

 

 

 

 

 

 

 

What does the real estate market look like in Plymouth, CT? Well, the Plymouth CT market kicks off this year with average sale prices better than what they were from last month and last year from last year, and both pending prices and volume continue to provide hope for sellers in the area as the year progresses.

 

There are 51 single family Plymouth CT homes for sale, withmedian active home for sale in Plymouth CTan average listing price of $194,337and amedian listing price of $179,900.

 

 

 

 

 

 

median home under deposit in Plymouth CT

There are 25 pending sales (under contract), with an average asking price of $189,644and amedian asking price of $179,000.

               

You can get a better sense of what the real estate market for Plymouth CT looks like by viewing the information by zip code:

Zip code

Homes for Sale

06782

13

06786

62

 


median home sold in Plymouth CT13 homes were sold in Plymouth CT in the month of January, with an average sale price of $182,161 and a median sale price of $163,200. By comparison, in January 2013, 8 homes were sold in Plymouth CT, with an average sale price of $172,563 and a median sale price of $171,500.

 

 

 

 

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 Plymouth 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.

 

Go to Plymouth CT Real Estate – Market Update for prior Plymouth CT market reports.

           

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

 

Are you looking for a home in Plymouth CT? Click on Plymouth CThomes for sale to find homes for sale in your price range.

 

For more information about the Plymouth 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 Plymouth 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.


Plymouth CT 2013 Real Estate Market Report

February 15, 2014

Plymouth CT 2013 Real Estate Market Report

 

Plymouth CT 2013 real estate market statistics

 

In 2013, 113 homes were sold in Plymouth CT, with an average sale price of $163,362 and an average of 81 days on market. The homes that sold ranged from a 700 sq. ft. 2 bedroom mobile home that sold for $20,000, to a 3564 sq. ft.3 bedroom cape that sold for $485,000.

 

The absorption rate for Plymouth CT in 2013 was 9.42 homes sold per month. With an average of 110 homes on the market at any given time in Plymouth CT, there are 12 months of inventory remaining.

 

 

2013

2012

2011

2010

2009

Homes Sold

113

109

95

91

98

Av. Listing Price

171,146

167,296

175,351

193,358

183,043

Av. Sale Price

163,362

160,938

166,109

186,281

173,506

Av. DOM

81

92

115

95

94

SP/LP Ratio

94%

96%

94%

96%

94%

Change

1.51%

-3.11%

-10.83%

8.01%

-11.94%

2013 was a somewhat good year for the majority of sellers in Plymouth CT compared to last year, with a meager 1.5% increase in average sales prices from last year’s sales prices. The volume of home sales has continued to increase over the last three years, and average sales price/list price ratios continue to remain over 90% and days of market for homes sold are at the 3 month average. Given these conditions, the best advice for Plymouth CT home sellers is this: price your homes at market values based on its condition, and you can indeed sell your home quickly for a price that is acceptable to you.

For further information about the Plymouth 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 Plymouth 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.