Ed's Chesprocott Region Blog: Real Estate Market Statistics for Cheshire CT for July 2015

Real Estate Market Statistics for Cheshire CT for July 2015

What’s My Cheshire CT Home Worth, Statistics for July 2015

 

 Real Estate Market Statistics for Cheshire CT for July 2015

 

Currently in Cheshire CT there are 256 active residential listings for sale. They range from a 1,159 square ft, 2-bedroom cape listed at $109,900 to a 5,200 square ft, 5-bedroom colonial listed at $1,290,000. The average list price of the homes currently available for sale in Cheshire CT is $442,144. The average days on market for these homes is 102 days. For the month of July, there were 59 new homes listed for sale in Cheshire CT.  

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There are currently 23 homes under contract in Cheshire CT, nine (9) of which went under contract in July. The average list price for the homes under contract is $373,246 with average days on market of 80 days. 

 

 Real Estate Market Statistics for Cheshire CT for July 2015

 

In July 2015, 42 homes closed in Cheshire CT. They ranged from a 1,682 sq ft, 4-bedroom cape which sold for $166,000 to a 5,122 sq ft 4-bedroom, cape which sold for $982,820.  Average sales price of the homes that sold was $325,061. Average DOM of 58 days. The closed properties had a Sales price to List price ratio of 96.6%.

 

By comparison, there were 39 closings in Cheshire CT for the month of July 2014, with an average price of $387,959 and avg. days on market of 59. This would indicate that in July 2015, the number of homes sold was greater by 3 homes, but the average value of the homes was almost 20% less with slightly longer days on market. The real estate market in Cheshire CT is showing signs of improvement in value. 

For the year 2014, the market sales or absorption rate was 20 sales per month, with an average sales value of $357,106 and average days on market of 76.

 

For the year first quarter of 2015, the market sales or absorption rate for Cheshire CT was 17 sales per month, with an average sales value of $335,668 and average days on market of 83.

 

For the second quarter of 2015, the market sales or absorption rate for Cheshire CT was 24 sales per month, with an average sales value of $371,521 and average days on market of 91. This rate with the current inventory would be a 10+ month absorption rate. The current market is still considered a buyer’s market. 

 

 Cheshire CT Market Statiscs July 2015

 

 

 

The graph demonstrates the average monthly sales value in Cheshire CT with strong fluctuations from month to month. The sales appeared to demonstrate an increase in values.

 

If you are interested in buying or selling a home in the Cheshire CT area send me an email or call 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. 

 

 

Homes for sale in Cheshire CT 

 

Real Estate Market Statistics for Cheshire CT for July 2015 

 

 

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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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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 5 commentsEd Silva • August 27 2015 08:21AM

Comments

Ed, great Cheshire, CT market report...that's quite a nice price range of available homes that will meet most any budget!

Posted by Nick T Pappas, Madison & Huntsville Alabama Real Estate Resource (Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Huntsville AL) about 2 years ago

Ed looks like the market is holding fairly steady in Cheshire.  I am meeting with a couple tomorrow for a loan on a beautiful home in Cheshire.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) about 2 years ago

Nice market update Ed Silva ....your CT market looks great ...You know the VOLS are on their way back ....National Champs again soon :-)

Posted by Rob Thomas, Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro (Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954) about 2 years ago

Good morning Ed. Nice job with your report, hopefully this market will see a little more appreciation for the next couple of years.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) about 2 years ago

Ed,

Very good work on the market report. Data is easy to read and understand.

Posted by Inna Ivchenko, Realtor® • Green • GRI • HAFA • PSC Los Angeles CA (Barcode Properties) about 2 years ago

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