Cheshire CT Real Estate Sales Report for January 2012

Cheshire CT Real Estate Sales Report for January 2012

Currently in Cheshire CT there are 109 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 $474,309. The average days on market for these homes is 138 days. For the month of January, there were 25 additional homes listed for sale in Cheshire CT.

There are currently 14 homes under contract in Cheshire CT, with four (4) having gone under contract in the month of January. The average list price for the homes under contract is $415,116 with average days on market of 96 days.

In January, 7 homes closed in Cheshire CT. They ranged from a 2,312 sq ft, 4-bedroom colonial, which sold for $670,900 to a 912 sq ft 2-bedroom ranch which sold for $382,500. Average sales price of the homes that sold was $254,214. Average DOM of 129 days. The closed properties had a Sales price to List price ratio of 92%.

By comparison, there were 16 closings in Cheshire CT for the month of January 2011, with an average price of $371,650 and avg. days on market of 116. This indicates that there were more homes sold in 2011 at a considerably higher value in less days on market.

For the year 2011, the market sales or absorption rate was 16 sales per month, with an average sales value of $386,969 and average days on market of 101. The current inventory of homes is equivalent to a 6+ month inventory, which is a stable market.

There are currently 43 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 January, 4 condos closed in Cheshire CT with an average price of $180,300 and avg. days on market of 55.

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 January 2012