Watertown CT-Real Estate Market Report for June 2015

July 21, 2015

WATERTOWN CT-REAL ESTATE MARKET REPORT for JUNE 2015

 

What does the real estate market look like in Watertown, CT?Real estate prices in Watertown CT have continued to fluctuate between $175K and $250K over the past year, with the number of sales following their traditional pattern of climbing sales during the spring selling season. There are more homes than usual under deposit, and pending prices are slightly higher than average sales prices, which have climbed above the same level they were at last year. These factors, and the fact that days on market are still under 3 months, is a strong enticement for sellers thinking about putting their homes on the market.

 home values in Watertown CT

There are 127 single family Watertown CT homes for sale, with an median active home for sale in Watertown CTaverage listing price of $413,359 and a median listing price of $274,900.

 

 

 

 

 

 

 

median home under deposit in Watertown CT

There are 54 pending sales (under contract), with an average asking price of $232,623, a median asking price of $204,450, and an average of 99 days on market before accepting an offer.

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

Zip code

Homes for Sale

06779

45

06795

136

 

median home sold in Watertown CT29homes were sold in Watertown CT in the month of June, with an average sale price of $214,703, a median sale price of $200,000, and averaging 86 days on market before accepting an offer. By comparison, in June 2014, 17homes were sold in Watertown CT, with an average sale price of $193,453, a median sale price of $179,000, and an average of 77 days on market before accepting an offer. This year’s figures represent an 11% increase in average sale prices, and an 11% increase in average days on market, from last year.

 

 

          

So, what does all this mean?Higher sales prices coupled with lower days on market says that buyers are seeing the value in homes that sellers in Watertown CT are asking for, and are willing to pay that value rather quickly. Sellers looking to capitalize on this buy putting their homes on the market should consult with a competent realtor who will provide a market analysis that shows the value of your home based on market conditions, and will give you advice on how to maximize your home’s curb appeal so that it attracts buyers willing to make acceptable offers on your home.

 

 

Looking to relocate to Watertown, CT? Visit Looking For A Reason To Move-Destination: Watertown CT

For more information on Watertown CT, you can visit the following posts:

Watertown CT Real Estate – Market Updates

Winding Brook Farm – Watertown CT

Lake Winnemaug – Watertown CT

Are you looking to buy a home in Watertown CT? Click on Watertown CT homes for sale to search for homes in your price range.

 

For further information about the Watertown 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 Watertown 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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Watertown CT Real Estate Market Update in Zip Code 06795

July 20, 2015

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

136

Average Listing Price

$414,999

Average Sq. Ft.

2397

Months of Inventory

11.8

Home Sales (June 2015)

21

Average Sale Price

$241,290

Average Days on Market

96

The single family Watertown CT 06795 homes for sale range from an 1190 sq. ft. 2 bedroom cape for $59,500 to an 8500 sq. ft. 8 bedroom colonial for $5.495 million.

The homes sold in Watertown CT 06795 real estate market in June 2015 range from a 626 sq. ft. 2 bedroom colonial that sold for $105,000 to a 3086 sq. ft. 3 bedroom colonial that sold for $415,000.

The Watertown CT 06795 real estate market is, with almost 12 months of inventory at the current sales pace of 11.5 units per month being sold, still a buyer’s market.

Ready to buy or sell your home in Watertown CT 06795? Give me a call at (203) 558-7463or send me an e-mail to request a free market analysis of your Watertown CT 06795 home. 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.


Watertown CT-Real Estate Market Report for

June 13, 2015

WATERTOWN CT-REAL ESTATE MARKET REPORT for MAY 2015

 

What does the real estate market look like in Watertown, CT? Sellers have much to be thankful for in Watertown CT, with average sales exceeding last years numbers in terms of homes sold and average sale prices. The number of homes under deposit is helping too, and days on market between pending sales and homes sold being on par with each other moving forward into the summer months.

 

There are 117 single family Watertown CT homes for sale, with an median active home for sale in Watertown CTaverage listing price of $405,230 and a median listing price of $264,900.

 

 

 

 

 

 

 

 

median home under deposit in Watertown CT

There are 61 pending sales (under contract), with an average asking price of $213,377, a median asking price of $209,000, and an average of 103 days on market before accepting an offer.

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

Zip code

Homes for Sale

06779

46

06795

132

 

median home sold in Watertown CT22 homes were sold in Watertown CT in the month of May, with an average sale price of $246,413, a median sale price of $215,500, and averaging 100 days on market before accepting an offer. By comparison, in May 2014, 14 homes were sold in Watertown CT, with an average sale price of $227,975, a median sale price of $245,000, and averaging only 89 days on market before accepting an offer.

 

 

           

So, what does this all mean?Buyers have been taking a little over three months to act on properties that they have seen on the market. Sellers need to continue making their homes attractive not only in terms of price, but also by doing the things that it takes to wow buyers into making acceptable offers. Given that average pending prices are about 10% lower than current average sale prices, sellers should continue to exercise patience in this market and as long as they show buyers the value in their homes, prices should continue to rise.

 

Looking to relocate to Watertown, CT? Visit Looking For A Reason To Move-Destination: Watertown CT

For more information on Watertown CT, you can visit the following posts:

Watertown CT Real Estate – Market Updates

Winding Brook Farm – Watertown CT

Lake Winnemaug – Watertown CT

Are you looking to buy a home in Watertown CT? Click on Watertown CT homes for sale to search for homes in your price range.

 

For further information about the Watertown 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 Watertown 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.

 


Watertown CT-Real Estate Market Report for January 2014

February 28, 2014

WATERTOWN CT-REAL ESTATE MARKET REPORT for JANUARY 2014


What does the real estate market look like in Watertown, CT? Well, the Watertown CT market opens up the year right where it started last year, with average sale prices and volume at the same levels. There is hope for Watertown sellers, however, with the volume and average asking prices of pending sales remaining stable.

 

There are 102 single family Watertown CT homes for sale, with an median active home for sale in Watertown CTaverage listing price of $319,326 and a median listing price of $259,900.

 

 

 

 

 

 

 

median home under deposit in Watertown CT

There are 23 pending sales (under contract), with an average asking price of $241,661 and a median asking price of $224,900.

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

Zip code

Homes for Sale

06779

47

06795

78

 

 

 

 

 

median home sold in Watertown CT13 homes were sold in Watertown CTin the monthof January, with an average sale price of $185,500 and a median sale price of $176,000. By comparison, in January 2013, 13 homes were sold in Watertown, with an average sale price of $181,682 and a median sale price of $172,000.

 

 

 

 

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 Watertown 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 Watertown, CT? VisitLooking For A Reason To Move-Destination: Watertown CT

For more information on Watertown CT, you can visit the following posts:

Watertown CT Real Estate – Market Updates

Winding Brook Farm – Watertown CT

Lake Winnemaug – Watertown CT

Are you looking to buy a home in Watertown CT? Click onWatertown CT homes for saleto search for homes in your price range.

 

For further information about theWatertown 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 Watertown 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.


Watertown CT 2013 Real Estate Market Report

February 14, 2014

Watertown CT 2013 Real Estate Market Report

 

Watertown CT 2013 real estate market statistics

In 2013, 176 homes were sold in Watertown CT, with an average sale price of $206,615 and an average of 94 days on market. The homes that sold ranged from a 544 sq. ft. 1 bedroom ranch that sold for $30,000, to a 5125 sq. ft. contemporary that sold for $535,000.

The absorption rate for Watertown CT in 2013 was 14.67 homes sold per month. With an average of 125 homes on the market at any given time in Watertown CT, there are 8.5 months of inventory remaining.

 

2013

2012

2011

2010

2009

Homes Sold

176

170

165

130

133

Av. Listing Price

216,712

221,957

243,130

228,353

261,401

Av. Sale Price

206,615

209,322

230,366

217,714

248,668

Av. DOM

94

107

99

84

113

SP/LP Ratio

95%

94%

94%

95%

95%

Change

-1.29%

-9.14%

5.81%

-12.45%

-7.42%

2013 was a mixed year for the majority of sellers in Watertown CT compared to last year, with only a 1.9% decrease in average sales prices from last year’s sales prices; however, the volume of home sales has continued to increase over the last three years. As the average sales price/list price ratios continue to remain over 90% and days of market for homes sold are at the 3 month average, the best advice for Watertown 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 Watertown 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 Watertown 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.