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

Real Estate Market Statistics for Cheshire CT for October 2016

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

 

 Real Estate Market Statistics for Cheshire CT for October 2016

Currently in Cheshire CT there are 192 active residential listings for sale. They range from a 728 square ft, 1-bedroom ranch listed at $74,900 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 $467,672. The average days on market for these homes is 148 days. For the month of October, there were 28 new homes listed for sale in Cheshire CT.

 

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There are currently 15 homes under contract in Cheshire CT, 8 of which went under contract in October. The average list price for the homes under contract is $301,739 with average days on market of 71 days.

 

 Real Estate Market Statistics for Cheshire CT for October 2016

 

In October 2016, 26 homes closed in Cheshire CT. They ranged from a 1,395 sq ft, 4-bedroom ranch which sold for $150,000 to a 2,732 sq ft 3-bedroom, colonial which sold for $712,000.  Average sales price of the homes that sold was $334,527. Average DOM of 46 days. The closed properties had a Sales price to List price ratio of 97%.

 

By comparison, there were 40 closings in Cheshire CT for the month of October 2015, with an average price of $340,931 and avg. days on market of 77. This would indicate that in October 2016, the number of homes sold was less by 14 homes, and the average value of the homes was almost 2% greater 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 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.

 

For the second quarter of 2016, the market sales or absorption rate for Cheshire CT was 33 sales per month, with an average sales value of $364,364 and average days on market of 79.

 

For the third quarter of 2016, the market sales or absorption rate for Cheshire CT was 29 sales per month, with an average sales value of $353,465 and average days on market of 50. This rate with the current inventory would be a 7 month absorption rate. The current market is still considered a buyer’s market.

 

 

Real Estate Market Statistics for Cheshire CT for October 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 4 months, however.

 

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. 

 

 

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Real Estate Market Statistics for Cheshire CT for October 2016

 

 

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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 2 commentsEd Silva • November 26 2016 08:16PM

Comments

Families moving to the area will appreciate your local real estate market reports.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 12 months ago

This is good information to share, Ed. I hope you have a very good and productive week in real estate.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) 12 months ago

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