Prospect Ct first Half of 2008 Single Family Home sales Report (vs 2007)

The Real Estate market here in Prospect has felt the gas price/economy issues that much of the nation has been going through. As you can see in the info below the average list price for a home in Prospect for the first half of 2007 was $339,149 with an average selling price of $327,869. That is down nearly 8.5% for the first half of 2008. The average list price was $314,432 and the average sale price was $300,722. The closed sales also decreased from 36 in the first half of 2007 to 28 in the first half of 2008. This is a slip of 23%!

With these types of numbers it is easy to see why it is more important now than ever to price your home correctly, to limit the Days on Market (DOM) and maximize the sales price.

28 Closed/Sold Listings between 1/1/2008 - 6/16/2008

Beds SqFt LP LP/SqFt SP SP/SqFt SP/LP DOM

High 7 4,200 $499,900 $246.06 $480,000 $242.31 109% 347

Low 2 960 $188,500 $103.57 $190,000 $98.81 89% 1

Average 3 1,992 $314,432 $170.32 $300,722 $164.15 96% 92

36 Closed/Sold Listings between 1/1/2007 - 6/16/2007

Beds SqFt LP LP/SqFt SP SP/SqFt SP/LP DOM

High 4 3,400 $575,000 $254.51 $569,000 $239.58 100% 287

Low 2 864 $219,900 $130.72 $207,000 $127.99 89% 5

Average 3 1,902 $339,149 $183.73 $327,869 $177.05 96% 89

David Jones, REALTOR®,e-Pro®
Smedes Realty
37 Waterbury Rd.
Prospect,Ct 06712
www.DaveJonesRealtor.com
203-758-0264 Office
203-910-2638 Cell