Prospect, CT

Prospect CT Home Sales Market Report for September 2009

Sales

Home sales in Prospect CT for September 2009 were 6, down -45.5% from 11 in September of 2008 and -60% lower than the 15 sales last month. September YTD sales of 55 are running 10% ahead of last year's year to date sales of 50.

Prices

The Median sales price in September was $215,000, down -29% from $302,500 in September of 2008 and down -16% from $255,000 last month.

Inventory & MSI

The total inventory of homes available for sale as of September was 56, down -6.7% from 60 last month and down 6.7% from 60 in September of last year. September 2009 Inventory was at its lowest level compared with September on 2008 and 2007. A comparatively low MSI (month's supply of inventory)is more beneficial for sellers while a higher MSI is better for buyers. The September 2009 MSI o f9.3 months was at its lowest level compared with September of 2008 and 2007.

Market Time

The average Days On Market (DOM) shows how many days the average home is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyers market, a downward trend a move towards more of a Seller's market. The DOM for September was 138, up 84% from 75 days last month and up 22.1% from 113 days in September of last year.

Prospect Republicans on Team Chatfield won EVERY Position...

The "unofficial" results are.

Mayor: Robert J. Chatfield 2,040 Votes to Charles Mallon 590 Votes

Town Council : Robert E. Doyon 1,708 Votes
Thomas J. Galvin 1,692 Votes
Douglas B. Merriman 1,830 Votes
Stanley Pilat 1,584 Votes
Jeff Slapikas 1,518 Votes

Town Clerk: M. Carrie Anderson 1,954 Votes to Marian Charest 588


Town Treasurer: David R. Young 1,744 Votes to Lorraine Dixon 774


Tax Collector : Diane M. Lauber 2,237 Votes (unapposed)

Planning and Zoning Commission: Al Delelle 1,507 Votes

Alan Havican 1,684 Votes

Zoning Board of Appeals: David Jones 1,905 votes Suzane Loud 1,158

Regional Board of Education: Lisa DeGoes 2,183 Votes (unopposed)
Four (4) Tear Term Robert Hiscox 2,026 Votes (unopposed)

Regional Board of Education: Donna Cullen 2,087 Votes (unopposed)
Two (2) Tear Term David T. Wartko 2,032 Votes (unopposed)

Board of Assessment Appeals: Marie Kluge 1,924 Votes
Lisa Mason 1,924 Votes

Prospect, CT - Pumpkin Festival, October 24, 2009

Driving on my way to school on last Saturday, I noticed rows upon rows of pumpkins lined outside of Prospect Town Hall . On my way back home, I was able to stop by and see what it was all about.

Every year, the students in the Prospect elementary schools, from pre-K up to 6 th grade let their imaginations come to life in their decorations of pumpkins, which are then put on display for everyone passing by to see in the Prospect, CT Pumpkin Festival .

It was truly amazing to see what these youngsters came up with. From fairies to princesses to Santa’s to pirates to comic book characters, the Prospect, CT Pumpkin Festival was truly a sight to behold, and a joy to watch.

Of course, it just had to be raining on the day of the Prospect, CT Pumpkin Festival , but it did not matter – people still stopped by to look at the wonderful creations of Prospect’s children. It will be very interesting to see what these creative youngsters come up with next year!

From 5 to 9 pm today, with a rain date of Sunday, the contestants will be lined up on the stands, waiting impatiently as the judges make their way reviewing, judging, and just enjoying the contest.

Today is the 6th Annual Pumpkin Festival.

The day the kids get to put their pumpkins on display for all to see their handywork!

There will be food vendors,

The special Halloween vehicle and kids parade fully costumed

The pumpkin judging

And a grand time for everyone

PROSPECT, CT REAL ESTATE – MARKET UPDATE OCTOBER 2009

These are the latest statistics for the Prospect, CT real estate market for the month ending on September 30, 2009:

Active Listings	54
New Listings	0
Average List Price	$327,045
Median List Price	$319,000
Average Sq. Ft.	2100
Median Sq. Ft.	2100

There are 54 homes for sale in Prospect, 11 of which were listed within the last month. Here's a breakdown of the prices of the homes for sale in Prospect :

List Price	Houses	%
< 200,000	8	15
200,001-250,000	6	11
250,001-300,000	12	22
300,001-350,000	5	9
350,001-400,000	11	20
400,001-450,000	5	9
450,001-500,000	2	4
>500,001	5	9

And here are the homes for sale in Prospect, CT listed in September:

Address	L/Price	ADOM
109A ENGLEWOOD AVE	59,900	23
90 SILLS AVE	79,900	23
6 SCOTT RD	269,000	10
277 CHESHIRE RD	284,900	18
29 MAPLE DR	309,900	21
37 MIKAYLA	383,000	13
84 MIKAYLA LANE	393,000	14
47 MIKAYLA LANE	393,000	14
24 CORNWALL AVE	419,900	9
26 BLUE TRAIL DR	479,900	10
67 ROYAL CREST	529,900	31

You can search for homes for sale in Prospect, CT by visiting William’s Places !

Now, for a look at what has sold in the Prospect area:

Closed Listings – 6	Average	Median
Days on Market	140	126
List Price	$136,717	$122,850
Sale Price	$128,083	$115,000
Sq. Ft.	1195	1086
LP/Sq. Ft.	$112.89	$96.15
SP/Sq. Ft.	$105.40	$89.77
SP/LP Ratio	91%	93%

Prospect saw a rather precipitous drop in its average price for homes sold in September, when compared to August, due mostly to the type of properties that sold – three of the six homes that sold were well under the normal average sales prices for homes in Prospect, CT .

These were the 6 houses that won the homes sold contest in Prospect, CT :

Address	L/Price	S/Price	DOM
21 CLARK HILL RD	259,900	245,000	230
19 DEERFIELD DR	39,900	35,000	81
21 GREENWOOD DR	145,800	135,000	120
42 GREENWOOD DR	219,900	215,000	93
1 VALLEY LN	99,900	95,000	180
4 VALLEY LN	54,900	43,500	131

Prior Prospect , CT Market Reports:

Prospect, CT Real Estate - Market Update September 2009

Prospect, CT Real Estate - Market Update August 2009

Prospect, CT Real Estate - Market Update July 2009

Prospect CT Market Update June 2009

Prospect CT Market Update May 2009

Prospect CT Market Report April 2009