Cheshire CT Real Estate Sales Report for December 2011

Cheshire CT Real Estate Sales Report for December 2011

Currently in Cheshire CT there are 108 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $137,500 to a 5100 square ft, 4-bedroom contemporary ranch estate listed at $1,700,000.

The average list price of the homes currently available for sale in Cheshire CT is $480,147. The average days on market for these homes is 159 days. For the month of December, there were 16 additional homes listed for sale in Cheshire CT.

There are currently 15 homes under contract in Cheshire CT, with four (4) having gone under contract in the month of December. The average list price for the homes under contract is $398,319 with average days on market of 129 days.

In December, 8 homes closed in Cheshire CT. They ranged from a 3,300 sq ft, 4-bedroom, new construction colonial, which sold for $670,900 to a 1,784 sq ft 4-bedroom ranch which sold for $235,000. Average sales price of the homes that sold was $436,690. Average DOM of 78 days. The closed properties had a Sales price to List price ratio of 99%.

By comparison, there were 22 closings in Cheshire CT for the month of December 2010, with an average price of $346,250 and avg. days on market of 101. This indicates that there were less homes sold in 2011 he same number of homes sold at a higher value, with less days on market.

For the first 11 months of 2011, the market sales or absorption rate was 17 sales per month, with an average sales value of $384,853 and average days on market of 102. The current inventory of homes is equivalent to a 6+ month inventory.

There are currently 45 condos for sale Cheshire CT. They range in price from $651,600 for an over 55 Adults only 2,850 sq ft, 3-bedroom unit to $72,000 for a 1-bedroom, ranch style efficiency unit. There are currently four (4) condos under contract in Cheshire CT.

In the month of December, 5 condos closed in Cheshire CT with an average price of $194,600 and avg. days on market of 75.

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.

Cheshire CT Real Estate Sales Report for December 2011