Even amidst terrible market conditions, some towns managed to have a decent year in 2011. Avon was one of those towns. Home sellers in Avon, CT have some things to be happy about. In 2011, 290 homes in Avon sold which is an improvement of 15% over 2010. In fact the average sales price of homes sold also rose 15% over the prior year in Avon.

The average sales price of homes in Avon CT in 2011 was $474,070. Another telling figure is the amount of homes that expired in 2011. An expired home is a home that goes on market, but ultimately just does not sell at all and ends up going off market again. In 2011, 147 homes in Avon expired – meaning there is a 66% chance a home seller in Andover will sell their home. This is much higher than many towns in CT.

Pricing on listed properties in Avon differs greatly from the sold inventory. The average home on market in Avon is priced at $557,090. This may offer some clue as to the reason 34% of all homes fail to sell. There is almost a 20% discrepancy in value of homes listed vs. homes sold in Avon. Also, while the DOM (days on market) of the average home currently listed for sale in Avon is 137 days – the DOM for homes that have sold is just 78 days.

What does that mean to you as an Avon home seller? If you are considering going on market, you will have to be very realistic about the value of your home if you expect to sell. An experienced CT realtor can guide you through this.

Short sales and foreclosures in Avon in 2011: Out of all sold homes in 2011 2% were short sales and 5% were bank owned (foreclosed). Out of currently listed inventory - 3% of all homes on market are short sales, while 3% of homes are bank owned – making distressed inventory in Avon just 6% of the current inventory.

Will the upswing in Avon continue through 2012? Only time will tell.

FIND AN EXPERIENCED AVON, CONNECTICUT REALTOR.