Ed's Chesprocott Region Blog: October 2015

September 2015 Real Estate Sales Report for Southington CT

Market Statistics for Southington CT September 2015

 

 September 2015 Real Estate Sales Report for Southington CT

 

Search for Homes in Southington CT

 

Currently in Southington CT there are 285 active residential listings for sale, with 62 new listings being added in September. The homes for sale in Southington CT range from a 956 square ft, 2-bedroom mobile home listed at $52,900 to a 8,049 square ft, 4-bedroom, colonial estate listed at $3,999,900.

 

The average list price of the homes currently available for sale in Southington CT is $346,224. The average days on market for these homes are 95 days. In addition, there are currently 38 homes under contract in Southington CT, with 13 having gone under contract in September.

 

 September 2015 Real Estate Sales Report for Southington CT

In September 2015, 45 homes closed in Southington CT. They ranged from a 1,450 square ft, 4-bedroom colonial, which sold for $110,000 to a 4,570 square ft, 4-bedroom, new construction colonial which sold for $747,800. The average price for the homes that closed in September in Southington CT was $303,583 with an average days on market of 63 days.  The closed properties had a Sales price to List price ratio of 98.1%.

 

By comparison, there were 46 closings in Southington CT for the month of September 2014, with an average sales price of $299,130 and avg. days on market of 61. This indicates that for September of 2015, there were a comparable number of homes sold as in September 2014, and at an average price 2% higher than the same period in 2014 with comparable time on market.

 

For the year 2014, the market sales or absorption rate was 37 sales per month, with an average sales value of $295,968 and average days on market of 75. Using the me absorption for the current inventory, the Southington market is a seller's market with a 5 month inventory of homes.

For the first quarter of 2015, the market sales or absorption rate for Southington CT was 23 sales per month, with an average sales value of $265,140 and average days on market of 79. This rate with the current inventory would be a 10+ month absorption rate. The current market is still considered a buyer’s market.

 

For the second quarter of 2015, the market sales or absorption rate for Southington CT was 41 sales per month, with an average sales value of $298,030 and average days on market of 71. 

For the third quarter of 2015, the market sales or absorption rate for Southington CT was 44 sales per month, with an average sales value of $305,833 and average days on market of 56. This rate with the current inventory would be a 6.5+ month absorption rate. The current market would be considered trending to a neutral market

 

 September 2015 Real Estate Sales Report for Southington CT 

The graph demonstrates the average monthly sales value in Southington CT for the previous 12 month period with strong fluctuations from month to month for the first half of the year and stability for the second half. The values in Southington CT appear to have stabilized and the market is demonstrating a shift to greater values.

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 Southington 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 Southington CT.

 Southington Ct Homes for sale

 

September 2015 Real Estate Sales Report for Southington CT

 

 

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,  www.edwardsilva.com  203-206-0754

Comment balloon 3 commentsEd Silva • October 30 2015 07:14PM
September 2015 Real Estate Sales Report for Southington CT
share
Market Statistics for Southington CT September 2015 Search for Homes in Southington CT Currently in Southington CT there are 285 active residential listings for sale, with 62 new listings being added in September. The homes for sale in… more
Open House Sun Nov 1 55+ Condo at 9 Lilac Lane Prospect CT
share
Come and visit with Ed Silva and appreciate this wonderful Active 55+ Condo in Prospect CT, on Sunday, Nov 1 from 2 PM to 4 PM. 9 Lilac Lane Prospect CT in Regency by Toll Brothers MLS# N1105273 Priced at $310, 000 This 1500 sq foot condo… more
Halloween Display in Prospect CT
share
Our Halloween displays are modest and it is more for the activity we don't get more than anything else. Our street is a small cul-de-sac of 12 homes and is separated from the neighboring streets by a very busy thoroughfare. We still out put some… more
A Bit of Color in Prospect CT
share
The pond on Rt 68 in Prospect CT For anyone traveling through Prospect CT down RT 68 to Cheshire the water company land lines the road. From the road, a small pond is visible and this moment gave me a eyeful of color that begged for attention. I was… more
Wolcott CT Real Estate Sales Report for September 2015
share
Market Statistics for Wolcott CT September 2015 Currently in Wolcott CT there are 125 active residential listings for sale. They range from a 980 square ft, 3-bedroom ranch listed at $56, 100 to a 4, 031 square ft, 7-bedroom ranch listed at $799… more
Real Estate Market Statistics for Cheshire CT for September 2015
share
What’s My Cheshire CT Home Worth, Statistics for September 2015 Currently in Cheshire CT there are 233 active residential listings for sale. They range from a 1, 159 square ft, 2-bedroom cape listed at $99, 000 to a 7, 106 square ft, 5-bedroom… more
Spring Lake Village 55+ Condos in Southington CT
share
Spring Lake Village in Southington CT is a complex of 640 condos designed for adults over 55 that want the comforts of a home but without the added maintenance. With the concept that older people like few stairs, most of the units are designed for… more
What’s Happening in The Prospect CT Real Estate Market September 2015?
share
Real Estate Market Statistics for Prospect CT September 2015 Currently in Prospect CT there are 75 active residential listings for sale, with 17 new listings being added in September. The homes for sale in Prospect CT range from a 938 square… more
Even With Mother Nature Someone has to be First
share
The Colors of Fall are Starting As I was driving up to the center of Prospect CT there was a flash of color that just seemed to stand out. Just off the center of town, one of the oak trees near McGrath Park Pond has started to flash it's… more
Open House in Bristol CT Oct 4 75 Silo Rd
share
Open House Sunday October 4 from 1:30 to 3:30 PM 75 Silo Rd, Bristol CT MLS# N10037288 Price reduced to $249, 900 A spacious updated raised ranch on a quiet dead end road. Upgraded kitchen and bathsHardwood flooringCentral air on upper level.. more