Prospect, CT Market Report April 2009

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

Active Listings	57
New Listings	0
Average List Price	$350,205
Median List Price	$349,500
Average Sq. Ft.	2235
Median Sq. Ft.	2175

The inetersting thing about Prospect's market at the moment is that there are no new listings within the last month, so you know from that infromation that the majority of the homes for sale in Prospect have been on the market for over a month, at least.

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

List Price	Houses	%
< 200,000	4	7
201,000-250,000	10	17.5
251,000-300,000	11	19
301,000-350,000	5	9
351,000-400,000	10	17.5
401,000-450,000	8	14
451,000-500,000	3	5
>501,000	6	11

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

Closed Listings - 6	Average	Median
Days on Market	22	20
List Price	$182,700	$191,950
Sale Price	$174,500	$178,000
Sq. Ft.	1454	1587
LP/Sq. Ft.	$123.85	$136.66
SP/Sq. Ft.	$117.90	$126.15
SP/LP Ratio	95%	95%

So far, Prospect has the best record of any of the towns in the Greater Waterbury area for average days on market and shares that distinction with two other areas with regard to list price/sale price ratios. The interesting thing about that is the fact that the average list price is over $175K 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
38 VALLEY LN	68000	55000	1
118 WATERBURY ROAD	99900	110000	8
24 LEE ROAD	284500	280000	50
70 SUMMIT	209000	186000	39
15 PINECREST DR	259900	246000	33
9 BUCKLEY LN	174900	170000	1

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.