Ed's Chesprocott Region Blog: Prospect CT February 2017 Real Estate Market Trends

Prospect CT February 2017 Real Estate Market Trends

What’s Happening in The Prospect CT Real Estate Market Prospect 2017?  

 

Prospect CT February 2017 Real Estate Market Trends

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Currently in Prospect CT there are 37 active residential listings for sale, with 4 new listings being added in February. The homes for sale in Prospect CT range from a 938 square ft, 2-bedroom mobile home, listed at $24,900 to a 3,121 square ft, 4-bedroom colonial listed at $550,000. 

The average list price of the homes currently available for sale in Prospect CT is $297,803. The average days on market for these homes are 166 days. In addition, there are currently 7 homes under contract in Prospect CT.

 

Prospect CT February 2017 Real Estate Market Trends

In February, 2 homes closed in Prospect CT. The homes that sold in Prospect CT were a ranged from a 784 square ft, 3-bedroom raised ranch home, which sold for $210,000 and a 1,975 square ft, 3-bedroom raised ranch which sold for $295,000. The average value of the sold homes in Prospect CT in February 2017 was $252,500 with average days on market of 55 days.

By comparison, there were 3 closings in Prospect CT for the month of February 2016 with an average sales price of $296,267 and average days on market of 36. This would demonstrate that for Prospect CT in February of 2016, the market sales were 1 greater than the same period of 2017 and with an average sales value almost 13% less than for same period the previous year.

For the year 2016, the market sales or absorption rate was 7 sales per month, with an average sales value of $236,822 and average days on market of 85.

 

 Prospect CT February 2017 Real Estate Market Trends

 

The graph demonstrates the average monthly sales value in Prospect CT with strong fluctuations from month to month. The values in Prospect CT have demonstrated an inconsistent variation of prices showing little stabilization.

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 Prospect 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 Prospect CT.

 

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Prospect CT February 2017 Real Estate Market Trends

 

 

 

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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 1 commentEd Silva • March 10 2017 07:25PM

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Ed the sales are low in Prospect, but at least they are selling fairly quick.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 4 months ago

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