Ed's Chesprocott Region Blog

Real Estate Market Statistics for Cheshire CT for March 2019

What’s My Cheshire CT Home Worth, Market Statistics for March 2019

 

 

Currently in Cheshire CT there are 141 active residential listings for sale. They range from a 1,120 square ft, 3-bedroom ranch listed at $100,000 to a 3,500 square ft, 4-bedroom colonial listed at $1,100,000. The average list price of the homes currently available for sale in Cheshire CT is $442,093. The average days on market for these homes is 141 days. For the month of March, there were 30 new homes listed for sale in Cheshire CT.

 

Cheshire CT Real Estate Statistics Mar 2019

 

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There are currently 19 homes under contract in Cheshire CT, and 11 went under contract in March. The average list price for the homes under contract is $447,279 with average days on market of 65 days.

 

 Real Estate Market Statistics for Cheshire CT for March 2019

 

In March 2019, 17 homes closed in Cheshire CT. They ranged from a 1,400, 3-bedroom short sale ranch which sold for $171,000 to a 2,888 sq ft 4-bedroom, colonial which sold for $430,000.  Average sales price of the homes that sold was $317,000. Average DOM of 78 days. The closed properties had a sales price to List price ratio of 96%.

 

By comparison, there were 24 closings in Cheshire CT for the month of March 2018, with an average price of $353,306 and avg. days on market of 56. This would indicate that in March 2019, the number of homes sold was less by 7 homes, and the average value of the homes was almost 12% less with longer days on market.

 

For the first quarter of 2019, the market sales or absorption rate for Cheshire CT was 15 sales per month, with an average sales value of $337,191 and average days on market of 81. Using this average rate, the current inventory of home would be a 9 month inventory or a buyer's market.

 

 

 Real Estate Market Statistics for Cheshire CT for March 2019

The graph demonstrates the average monthly sales value in Cheshire CT with slight fluctuations from month to month. The sales appeared to demonstrate a gradual softening in prices.

 

If you are interested in buying or selling a home in the Cheshire CT area send me an email at easilva48@comcast.net or call me at 203-206-0754 and we can set up a time to meet.

 

 

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale. 

 

If you would like information on homes for sale in Cheshire CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Cheshire CT. 

 

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Real Estate Market Statistics for Cheshire CT for March 2019

 

 

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Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

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    www.ctshortsalesilva.com

 

 

 

 

Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,   203-206-0754

Comment balloon 6 commentsEd Silva • April 18 2019 03:53PM
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