Southbury, CT Market Report May 2009

Here's whats happening in the real estate market in Southbury:

Active Listings	166
New Listings	7
Average List Price	$534,170
Median List Price	$477,950
Average Sq. Ft.	2807
Median Sq. Ft.	2576

Houses over half a million on average that are almost 3000 sq.ft. Large homes with a very large price tag. A breakdown of those prices:

List Price	Houses	%
< 200,000	4	2
200,001-300,000	22	13
300,001-400,000	34	21
400,001-500,000	35	21
500,001-600,000	22	13
600,001-700,000	16	10
700,001-800,000	10	6
>800,001	23	14

shows that roughly a third of those houses are under 400k, with the remainder above. Not much of a difference when compared to the previous month.

These are the most recent additions to the Southbury real estate market. For more information on these properties or any in Southbury, visit William's Places.

Address	L/Price	ADOM
1066 SOUTH BRITAIN RD	375000	3
266 OLD WATERBURY RD	385000	4
191 COMMUNITY HOUSE ROAD	524900	4
1071 OLD WATERBURY ROAD	534900	1
291 DUBLIN ROAD	579900	1
111 ELK DR	622500	2
34 TALLWOOD RD	649900	4

Now, let's see what's sold in Southbury in the past month:

Closed Listings - 11	Average	Median
Days on Market	79	65
List Price	$352,018	$315,000
Sale Price	$341,363	$313,500
Sq. Ft.	2201	2200
LP/Sq. Ft.	$161.99	$150.86
SP/Sq. Ft.	$156.92	$150.14
SP/LP Ratio	97%	96%

Of all the towns in the Greater Waterbury area, only one other town outperformed Southbury in terms of homes sold in the last month.

These are the homes that sold in Southbury:

Address	L/Price	S/Price	DOM
197 AMOS WHITE RD	310,000	308,000	41
518 DUBLIN ROAD	462,500	462,500	11
195 GRASSLANDS RD	449,000	428,500	166
684 KETTLETOWN RD	315,000	313,500	22
335 LAKESIDE RD	399,000	370,000	139
401 NORTH GEORGES HILL RD	269,000	270,000	93
391 OLD FIELD RD	289,900	280,000	65
477 OLD FIELD ROAD	264,000	262,500	80
6 REVERE CIR	423,900	400,000	40
264 STRONGTOWN RD	274,900	260,000	7
151 WOODS WAY DR	415,000	400,000	207

The every interesting thing is that the majority of these houses that sold were not on the market, on average, for more than 3 months, and were at reasonable prices.

What's more, there's good news on the horizon: the average prices for homes have risen almost 8% from last month's values:

Visit Southbury, CT for information about the town and for updates on local events.

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)