Ed's Chesprocott Region Blog: Real Estate Market Statistics for Cheshire CT for April 2016

Real Estate Market Statistics for Cheshire CT for April 2016

What’s My Cheshire CT Home Worth, Market Statistics for April 2016

 

 Real Estate Market Statistics for Cheshire CT for April 2016

Currently in Cheshire CT there are 247 active residential listings for sale. They range from a 1,144 square ft, 2-bedroom ranch listed at $125,000 to a 5,500 square ft, 4-bedroom colonial listed at $1,500,000. The average list price of the homes currently available for sale in Cheshire CT is $450,207. The average days on market for these homes is 109 days. For the month of April, there were 78 new homes listed for sale in Cheshire CT.

 

Search for Homes in Cheshire CT

 

There are currently 20 homes under contract in Cheshire CT, seven (7) of which went under contract in April. The average list price for the homes under contract is $468,326 with average days on market of 85 days.

 

 Real Estate Market Statistics for Cheshire CT for April 2016

 

In April 2016, 16 homes closed in Cheshire CT. They ranged from a 1,184 sq ft, 3-bedroom REO colonial which sold for $80,000 to a 4,278 sq ft 4-bedroom, colonial which sold for $785,000.  Average sales price of the homes that sold was $342,331. Average DOM of 88 days. The closed properties had a Sales price to List price ratio of 98.1%.

 

By comparison, there were 23 closings in Cheshire CT for the month of April 2015, with an average price of $365,387 and avg. days on market of 120. This would indicate that in April 2016, the number of homes sold was less by 7 homes, and the average value of the homes was almost 6% less with less days on market.

 

For the year 2015, 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 2016, the market sales or absorption rate for Cheshire CT was 15 sales per month, with an average sales value of $310,742 and average days on market of 95. This rate with the current inventory would be a 12+ month absorption rate. The current market is still considered a buyer’s market.

 

 

 Real Estate Market Statistics for Cheshire CT for April 2016

The graph demonstrates the average monthly sales value in Cheshire CT with strong fluctuations from month to month. The sales appeared to demonstrate a gradual increase in prices over the last 3 months.

 

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. 

 

 

Search for Homes in Cheshire CT

Real Estate Market Statistics for Cheshire CT for April 2016

 

 

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 7 commentsEd Silva • May 17 2016 06:27PM

Comments

The community of Chesire Ct is fortunate to have Ed Silva as a real estate expert!

Posted by Sybil Campbell, REALTOR® ABR, SFR, SRES Williamsburg, Virginia (Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia) about 1 year ago

Hi Ed, great reporting on Cheshire CT. You make it easy and clear for the reader.

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

Good morning Ed. The trend of increase values over the last three months is welcomed news, hope it continues.

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

Ed at least the days on the market are down.  Lets hope the sales and average price start to go up.

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

Good evening Ed Silva ,  You are doing a great job promoting the community and homes in Cheshire CT.

Posted by Larry Johnston, Broker,Friends & Neighbors Real Estate, Elkhart,IN (Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC) about 1 year ago

It is interesting to see outer market and how they compare to ours. Good job Ed.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional) about 1 year ago

Hi, Ed!  This is an excellent report on the real estate market statistics of Cheshire.  Make it an awesome day.

Posted by Nestor & Katerina Gasset, Realtors, Wellington Florida Homes For Sale (International Properties and Investments LLC) about 1 year ago

Participate