Watertown CT-Real Estate Market Report for

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 average listing price of $405,230 and a median listing price of $264,900.

 

 

 

 

 

 

 

 

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

 

22 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

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 average listing price of $319,326 and a median listing price of $259,900.

 

 

 

 

 

 

 

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

 

 

 

 

 

13 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.

           

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

Watertown CT 2013 Real Estate Market Report

 

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.