Ed's Chesprocott Region Blog

Prospect CT February 2019 Real Estate Market Trends

What’s Happening in The Prospect CT Real Estate Market Prospect February 2019?  

 

Prospect CT February 2019 Real Estate Market Trends

Search for homes in Prospect CT

Currently in Prospect CT there are 34 active residential listings for sale, with 7 new listings being added in February. The homes for sale in Prospect CT range from a 1,856 square ft, 5-bedroom tri-level home, listed at $199,000 to a 4,533 square ft, 9-bedroom colonial listed at $535,000. 

The average list price of the homes currently available for sale in Prospect CT is $326,812. The average days on market for these homes are 84 days. In addition, there are currently 10 homes under contract in Prospect CT.

 

Prospect CT February 2019 Real Estate Market Trends

In February 2019, 7 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 1,952 square ft, 3-bedroom tri-level, which sold for $135,000, to a 2,150 sq ft 3-bedroom colonial which sold for $346,000. The average value of the sold homes in Prospect CT in February 2019, was $259,071 with average days on market of 80 days.

By comparison, there was 1 closing in Prospect CT for the month of February 2018 with a sales price of $200,000 and days on market of 52. This would demonstrate that for Prospect CT in February 2019 not only was the market sales better by 7 homes for the same period of 2018 but the average price was better by almost 25%.

For the year 2018, the market sales or absorption rate was 8 sales per month, with an average sales value of $256,593 and average days on market of 65. With this rate and the current inventory, there is a 4+ month supply of homes, which is a seller's market.

 

Prospect CT February 2019 Real Estate Market Trends 

The graph demonstrates the average monthly sales value in Prospect CT with strong fluctuations from month to month. The values in Prospect CT have demonstrated an inconsistent variation of prices showing little stabilization.

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 Prospect 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 Prospect CT.

 

https://www.buyorsellctrealestate.com/map/

Prospect CT February 2019 Real Estate Market Trends

 

 

Search for all Connecticut homes 

Subscribe

 

 

 

 

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!

Get Help with Short Sale in Connecticut

    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 2 commentsEd Silva • March 23 2019 02:01PM
Prospect CT February 2019 Real Estate Market Trends
share
What’s Happening in The Prospect CT Real Estate Market Prospect February 2019? Search for homes in Prospect CT Currently in Prospect CT there are 34 active residential listings for sale, with 7 new listings being added in February. The homes… more
ActiveRainers Do Respond: An Update to the Postcard Project
share
ActiveRainers Do Respond: An Update to the Postcard Project Last month, I wrote a blog looking for assistance from ActiveRain Members on behalf of my grandson, Raphael and his class. Calling All Active-Rainers Need Some Help For A School Project… more
Real Estate Market Statistics for Cheshire CT for January 2019
share
What’s My Cheshire CT Home Worth, Market Statistics for January 2019 Currently in Cheshire CT there are 88 active residential listings for sale. They range from a 1, 368 square ft, 3-bedroom ranch listed at $159, 000 to a 5, 178 square ft, 5… more
Love is In The Air: My First, First Time Home Buyer
share
Love is In The Air: My First, First Time Home Buyer I do enjoy working with first time home buyers as I view it as a challenge to get them into their perfect first home and also try to impart home ownership knowledge. So few have ever experienced… more
January 2019 Real Estate Sales Report for Southington CT
share
Market Statistics for Southington CT January 2019 Search for Homes in Southington CT Currently in Southington CT there are 163 active residential listings for sale, with 43 new listings being added in January. The homes for sale in… more
Prospect CT January 2019 Real Estate Market Trends
share
What’s Happening in The Prospect CT Real Estate Market Prospect January 2019? Search for homes in Prospect CT Currently in Prospect CT there are 34 active residential listings for sale, with 11 new listings being added in January. The homes for… more
1 Bedroom Condo For Sale in Spring Lake Village Southington CT
share
Spring Lake Village 1 Bedroom Condo for Sale Southington CT Spring Lake Village is an affordable community of condos designed for adults 55+ in Southington CT. With 640 units total there are a variety of choices depending on a person's needs. … more
Market Statistics for Southington CT December 2018
share
December 2018 Real Estate Sales Report for Southington CT Search for Homes in Southington CT Currently in Southington CT there are 153 active residential listings for sale, with 13 new listings being added in December. The homes for sale in… more
Friday Funnies: Make Them Promise Not to Rob You
share
Friday Funnies Make Them Promise Not to Rob You My wife got an emergency call from her daughter asking her to pick up her son at school and take him to his karate class. When she got to the school not only did our grandson come out, but also his… more
Real Estate Market Statistics for Cheshire CT for December 2018
share
What’s My Cheshire CT Home Worth, Market Statistics for December 2018 Currently in Cheshire CT there are 95 active residential listings for sale. They range from a 1, 368 square ft, 3-bedroom ranch listed at $159, 000 to a 5, 178 square ft, 5… more