Ed's Chesprocott Region Blog: Real Estate Market Statistics for Cheshire CT for January 2017

Real Estate Market Statistics for Cheshire CT for January 2017

What’s My Cheshire CT Home Worth, Market Statistics for January 2017

 

Currently in Cheshire CT there are 168 active residential listings for sale. They range from a 728 square ft, 1-bedroom ranch listed at $74,900 to a 5,227 square ft, 4-bedroom colonial listed at $1,250,000. The average list price of the homes currently available for sale in Cheshire CT is $456,905. The average days on market for these homes is 173 days. For the month of January, there were 14 new homes listed for sale in Cheshire CT.

 

Real Estate Market Statistics for Cheshire CT for January 2017 

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There are currently 12 homes under contract in Cheshire CT, 4 of which went under contract in January. The average list price for the homes under contract is $297,911 with average days on market of 34 days.

 

 Real Estate Market Statistics for Cheshire CT for January 2017

 

In January 2017, 14 homes closed in Cheshire CT. They ranged from a 1,536 sq ft, 3-bedroom ranch which sold for $195,000 to a 3,179 sq ft 4-bedroom, colonial which sold for $510,000.  Average sales price of the homes that sold was $332,243. Average DOM of 66 days. The closed properties had a Sales price to List price ratio of 97.5%.

 

By comparison, there were 17 closings in Cheshire CT for the month of January 2016, with an average price of $334,601 and avg. days on market of 93. This would indicate that in January 2017, the number of homes sold was less by 3 homes, and the average value of the homes was $2,000 greater with less days on market.

For the year 2016, the market sales or absorption rate was 25 sales per month, with an average sales value of $350,931 and average days on market of 71. This rate with the current inventory would be a 6+ month absorption rate. The current market is still considered a buyer's market.

 

 

 Real Estate Market Statistics for Cheshire CT for January 2017

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, with a slight drop in January.

 

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 January 2017

 

 

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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 7 commentsEd Silva • February 16 2017 02:00PM

Comments

Ed, nice market update for Cheshire CT, and looks like the Sellers are enjoying this market!  

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) 6 months ago

Good morning, Ed Silva affordable, affordable, affordable in your marketplace.... buyers should take advantage of that price range while it's still in existence....

Posted by Barbara Todaro, "Franklin MA Homes" (RE/MAX Executive Realty ) 6 months ago

Ed, the numbers are down, but they are not too far off.  Lets hope for a good Spring.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 6 months ago

A very thorough market report, your area seems very affordable with lots of choice across the range.

Posted by Nick & Trudy Vandekar, 610-203-4543, Tredyffrin Easttown Realtors, Philly Main Line (Long & Foster Real Estate Inc 610-225-7400) 6 months ago

Hi Ed, excellent job on your Market Statistics for Cheshire CT.  Do you still have a bunch of snow?

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) 6 months ago

There is no doubt you know the Cheshire CT market of homes, Ed.  Well priced real estate is always on the minds of buyers...not a bad selling market considering the weather.

Posted by Ginny Gorman, Homes for Sale in North Kingstown RI and beyond (Phillips Post Road Realty ~ 401-529-7849~ RI Waterfront Real Estate) 6 months ago

Connecticut seems to be holding steady in your area! Keep up the good work!

Posted by Laura Cerrano, Certified Feng Shui Expert, Speaker & Researcher (Feng Shui Manhattan Long Island) 6 months ago

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