Ed's Chesprocott Region Blog: July 2015 Real Estate Sales Report for Southington CT

July 2015 Real Estate Sales Report for Southington CT

Market Statistics for Southington CT July 2015 

 

 July 2015 Real Estate Sales Report for Southington CT

  

Search for Homes in Southington CT

Currently in Southington CT there are 275 active residential listings for sale, with 70 new listings being added in July. The homes for sale in Southington CT range from a 667 square ft, 2-bedroom ranch home listed at $52,200 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 $349,710. The average days on market for these homes are 93 days. In addition, there are currently 38 homes under contract in Southington CT, with 16 having gone under contract in July.

 

 

 July 2015 Real Estate Sales Report for Southington CT

 

In July 2015, 46 homes closed in Southington CT. They ranged from a 828 square ft, 2-bedroom mobile home, which sold for $42,500 to a 3,113 square ft, 3-bedroom ranch which sold for $560,000. The average price for the homes that closed in July in Southington CT was $290,583 with an average days on market of 45 days.  The closed properties had a Sales price to List price ratio of 97.9%.

By comparison, there were 53 closings in Southington CT for the month of July 2014, with an average sales price of $302,889 and avg. days on market of 65. This indicates that for July of 2015, there were 7 less homes sold as compared to July 2014, and at an average price 1.5% lower 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. This rate with the current inventory would be a 6+ month absorption rate. The current market would be considered trending to a neutral market. 

 

 Southington CT Market Statistics July 2015

 

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. 

 

Homes for sale in Southington CT 

July 2015 Real Estate Sales Report for Southington CT 

 

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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 10 commentsEd Silva • August 31 2015 09:44AM

Comments

Ed Silva  Great report on real-estate-sales-report-for-Southington-Ct .You are the agent in the know

Posted by Hannah Williams, Expertise NE Philadelphia & Bucks 215-953-8818 (Re/Max Eastern inc.) almost 2 years ago

Hello Ed Silva,  Love seeing reports from other areas of the country to see what is happening, Thanks

 

Posted by Will Hamm, "Where There's a Will, There's a Way!" (Hamm Homes) almost 2 years ago

Ed - This is very good real estate sales report for Southington, Connecticut.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) almost 2 years ago

Ed the numbers are a little lower, but I would think that the DOM at only 45 days would be a contributor to that.

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

Great reporting on Southington CT Ed. It is easy to see why you are so successful.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) almost 2 years ago

Good morning Ed. All is pretty steady in Southington. Nice job with the report, pretty detailed and easy to understand, especially for buyers and sellers.

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

Hi Ed,

Hopefully, your chart will show an upward trend for the month of August till November.

Excellent market report.

 

Posted by Maria Gilda Racelis, Home Ownership is w/in Reach. We Make it Happen! (Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington) almost 2 years ago

Ed this a very detailed and thorough market report for Southington CT.  Home buyers and sellers would be wise to contact an expert in the Southington area - Ed Silva.

 

Posted by Anna Banana Kruchten, CRS, Arizona's Top Banana of Real Estate! (Phoenix Property Shoppe) almost 2 years ago

Ed I used to love Southington...when I lived in Waterbury,CT looks like the numbers are creeping up...but not unrealistic to potential buyers, Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) almost 2 years ago

This is wonderful real estate information Southington, CT. Both buyers and sellers will appreciate having this available. 

Posted by Debbie Laity, Your Real Estate Resource for Delta County, CO (Cedaredge Land Company) almost 2 years ago

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