Prospect, CT

PROSPECT, CT REAL ESTATE - MARKET UPDATE JUNE 2009

Here’s a look at what’s been happening in the Prospect real estate market in the past month:

Active Listings	69
New Listings	6
Average List Price	$339,472
Median List Price	$309,900
Average Sq. Ft.	2156
Median Sq. Ft.	2162

There are 69 active listings, with 6 new homes for sale joining the Prospect real estate market in the last 30 days.

Here's a breakdown of the prices for homes being sold in Prospect:

List Price	Houses	%
< 200,000	7	10
200,001-250,000	1 3	19
250,001-300,000	14	20
300,001-350,000	4	6
350,001-400,000	13	19
400,001-450,000	6	9
450,001-500,000	4	6
>500,001	8	1 1

And these are the new homes for sale in Prospect:

Address	L/Price	ADOM
4 BIRCHWOOD TER	274,900	1
11 ELAINE CT	415,000	3
69 MORRIS RD	259,900
184 NEW HAVEN RD	199,900	2
24 OAK	290,000	5
77 SALEM RD	209,900	6

Correction: There were 6 homes that sold in Prospect during May:

Closed Listings – 6 (June)	Average	Median
Days on Market	82	61
List Price	$309,866	$309,700
Sale Price	$287,333	$287,500
Sq. Ft.	1952	1920
LP/Sq. Ft.	$162.69	$168.32
SP/Sq. Ft.	$147.98	$150.22
SP/LP Ratio	91%	91%

And these were the winners in the Prospect homes for sale contest in May:

Address	L/Price	S/Price	DOM
40 CAMBRIDGE DRIVE	410,000	400,000	100
35 CLARK HILL RD	349,500	330,000	101
17 FIELDSTONE DRIVE	469,900	430,000	244
435 MATTHEW ST	249,900	229,000	23
151 SCOTT RD	110,000	90,000	1
8 TERRY RD	269,900	245,000	23

Prior Prospect Market Reports:

Prospect CT Market Update May 2009

Prospect CT Market Report April 2009

To My Blog

Looking for information about homes in the Greater Waterbury area?

Buyers, need to find financing and advice on the home-buying process?

Sellers, looking for tips on how to make sure your home sells?

Stop by www.williamsplaces.com !

Courtesy of William James Walton, Sr ., Realtor, Century21 Access America

Serving northern New Haven and southeastern Litchfield Counties ( Waterbury , Wolcott, Prospect, Naugatuck , Middlebury, Southbury, Watertown and Plymouth )

May 16th, 2009 Prospect Connecticut's Town Wide Tag Sale

Well tomorrow is the day. One of Prospect's most traveled, and anticipated days of the year! Town Wide tag Sale. If you haven't experienced it yet, set your alarm clock early, and be ready to negotiate.

There are great deals to be found and most Prospect restaurants will have a map and list of those choosing to participate.

as the old saying goes "1 person's trash is another's treasure" What do you have to loose by buying it anyway? You could always just have your own tag sale in the fall and pass it along.

The Event starts at 9, but Be ready EARLY... everyone else is.

If you cant find exactly what you are looking for, be sure to also check out our Personal Favorite Consignment shop in Prospect, New Prospect, llc. They have soooo much to choose

http://newprospectsllc.com/

Good luck, and happy hunting.

Here's a peek at the current real estate market in Prospect, CT:

Active Listings	64
New Listings	6
Average List Price	$343,006
Median List Price	$337,500
Average Sq. Ft.	2155
Median Sq. Ft.	2168

This is the price range of single-family homes in Prospect:

List Price	Houses	%
< 200,000	7	11
200,001-250,000	12	19
250,001-300,000	8	12.5
300,001-350,000	7	11
350,001-400,000	12	19
400,001-450,000	8	12.5
450,001-500,000	3	5
>500,001	7	11

And the following are the new homes for sale on the market in Prospect, CT:

Address	L/Price	ADOM
42 GREENWOOD DR	219,900	1
7 MARIA HOTCHKISS RD	195,000	4
6 SALEM ROAD	267,500	1
64 SMOKERISE CIR	370,000	3
4 VALLEY LN	69,900	7
35 WOODCREST DR	309,900	5

Now, let's take a look at what's sold in Prospect in the last month:

Closed Listings - 5	Average	Median
Days on Market	43	16
List Price	$241,320	$219,900
Sale Price	$238,400	$204,000
Sq. Ft.	1631	1433
LP/Sq. Ft.	$155.65	$147.03
SP/Sq. Ft.	$155.64	$142.36
SP/LP Ratio	100%	98%

So far, Prospect still has the best record of any of the towns in the Greater Waterbury area for average days on market and with regard to list price/sale price ratios. The interesting thing about that is the fact that the average list price is over $100K more than what the average home sold for. So, who were the winners in the Prospect home sales contest last month? Let's see:

Address	L/Price	S/Price	DOM
31 CAMBRIDGE DRIVE	409800	403000	16
25 CLARK HILL RD	219900	204000	32
14 DOROTHY AVE	272000	264000	7
33 MAPLE DR	195000	196000	161
6 SPRUCE DR	109900	125000	3

Visit Prospect, CT for information about the town and local events. Looking for homes for sale in Prospect, CT? Stop by William's Places to start your home search.

Prior Market Reports: Prospect CT Market Report April 2009

Looking for information about homes in the Greater Waterbury area? Buyers, need to find financing and advice on the home-buying process? Sellers, looking for tips on how to make sure your home sells?

Stop by www.williamsplaces.com!

Courtesy of William James Walton, Sr., Realtor, Century21 Access America

Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)

       Prospect Realtors gather monthly to tour listings in 06712-

tour was Tuesday August25th .

Contact your Realtor for details if you'd like your home on Prospect CT Tour. 

If you have general questions, call Margaret Shea, 203-525-5837 or sheam@raveisre.com  

Tour Participants

Pavlik Real Estate-

Smedes Realty-

William Raveis Real Estate- Margaret Shea, tour coordinator

Dave Jones Real Estate

Broker cooperation is encouraged and practiced by the Prospect Tour Realtor participants. Looking forward to seeing more great homes on our next tour!  

Ask your Realtor how your home can be featured on the Prospect Realtor Town Tour.

Buyers looking in Prospect CT,  ask your Realtor to attend the Prospect Realtor Town Tour!

Questions? - sheam@raveisre.com Call Margaret Shea for details 203-525-5837>

 

This is a reminder that there will be a Town Meeting held on Wednesday, April 22nd at 7:00 pm at Community School.

The purpose of this meeting will be to present, discuss the rather austere Town Budget. As mentioned earlier, it's bottom line of about $6,571,000 is about $200,000 less than last year, reflecting a full 3% reduction.

The Town Meeting format is reflective of our strong New England tradition where everyone present has a chance to comment, and even to request changes to individual line items; something that cannot be done if it were put to a 'machine vote'.

We hope to see you Wednesday, and feel free to bring along family and friends.