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Prospect CT December 2016 Real Estate Market Trends

What’s Happening in The Prospect CT Real Estate Market Prospect 2016?  

 

Prospect CT December 2016 Real Estate Market Trends

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Currently in Prospect CT there are 33 active residential listings for sale, with 2 new listings being added in December. The homes for sale in Prospect CT range from a 983 square ft, 3-bedroom cape, listed at $125,000 to a 3,121 square ft, 4-bedroom colonial listed at $550,000. 

The average list price of the homes currently available for sale in Prospect CT is $313,573. The average days on market for these homes are 163 days. In addition, there are currently 3 homes under contract in Prospect CT. 

Prospect CT December 2016 Real Estate Market Trends

In December, 14 homes closed in Prospect CT. The homes that sold in Prospect CT ranged from a 784 square ft, 2-bedroom mobile home, which sold for $45,000 to a 2,268 square ft, 3-bedroom colonial which sold for $340,000. The average value of the sold homes in Prospect CT in December 2016 was $222,529 with average days on market of 73 days.

By comparison, there were 9 closings in Prospect CT for the month of December 2015 with an average sales price of $214,378 and average days on market of 57. This would demonstrate that for Prospect CT in December of 2016, the market sales were 5 greater than the same period of 2015 and with an average sales value almost 3% greater than for same period the previous year.

For the year 2015, the market sales or absorption rate was 9 sales per month, with an average sales value of $264,009 and average days on market of 70.

For the first quarter of 2016, the market sales or absorption rate for Prospect CT was 4 sales per month, with an average sales value of $252,775 and average days on market of 77.

For the second quarter of 2016, the market sales or absorption rate for Prospect CT was 8 sales per month, with an average sales value of $218,647 and average days on market of 95.

For the third quarter of 2016, the market sales or absorption rate for Prospect CT was 9 sales per month, with an average sales value of $250,871 and average days on market of 82.

For the fourth quarter of 2016, the market sales or absorption rate for Prospect CT was 8 sales per month, with an average sales value of $229,512 and average days on market of 83.

For the year 2016, the market sales or absorption rate was 7 sales per month, with an average sales value of $236,822 and average days on market of 85.

 

 Prospect CT December 2016 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.

 

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Prospect CT December 2016 Real Estate Market Trends

 

 

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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,  www.edwardsilva.com  203-206-0754

Comment balloon 3 commentsEd Silva • January 05 2017 04:35PM
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