Prospect, CT Market Update May 2009

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)