Ed's Chesprocott Region Blog: February 2016 Real Estate Sales Report for Southington CT

February 2016 Real Estate Sales Report for Southington CT

Market Statistics for Southington CT February 2016

 

 February 2016 Real Estate Sales Report for Southington CT

 

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Currently in Southington CT there are 215 active residential listings for sale, with 48 new listings being added in February. The homes for sale in Southington CT range from a 696 square ft, 2-bedroom mobile home listed at $25,900 to a 8,049 square ft, 4-bedroom, colonial estate listed at $3,999,900.

Th average list price of the homes currently available for sale in Southington CT is $322,337. The average days on market for these homes are 113 days. In addition, there are currently 46 homes under contract in Southington CT, with 11 having gone under contract in February. 

 

February 2016 Real Estate Sales Report for Southington CT

In February 2016, 25 homes closed in Southington CT. They ranged from a 864 square ft, 2-bedroom ranch, which sold for $55,180 to a 2,481 square ft, 3-bedroom colonial which sold for $513,899. The average price for the homes that closed in February in Southington CT was $265,497 with an average days on market of 52 days.  The closed properties had a Sales price to List price ratio of 95.6%.

 

By comparison, there were 20 closings in Southington CT for the month of February 2015, with an average sales price of $267,009 and avg. days on market of 72. This indicates that for February of 2016, there were 5 more homes sold than in February 2015, and at an average price $2,000 higher than the same period in 2015 with less time on market.

 

For the year 2015, the market sales or absorption rate was 37 sales per month, with an average sales value of $294,538 and average days on market of 65. Using the same absorption for the current inventory, the Southington market is a seller's market with a 6 month inventory of homes, which would be considered a neutral market. 

 

 February 2016 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 not yet stabilized but the market is demonstrating a shift to a neutral market.

 

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 Southngton CT

February 2016 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 5 commentsEd Silva • March 17 2016 11:11AM

Comments

Ed good to see the market doing well in Southington.  This was the type of report I was expecting for Cheshire as well.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 1 year ago

Good evening Ed Silva . I have to agree with George. ood to see the market doing well in Southington nd Cheshire.

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) over 1 year ago

Hello Ed, excellent reporting on Southington CT. Happy St Patrick's too.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 1 year ago

Good morning Ed. Well done report, hopefully some of the positive numbers improve, maybe the beginning of a trend.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 1 year ago

Ed, great market update for Southington, CT, and information buyers and sellers are looking for!  

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) over 1 year ago

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