Watertown, CT - Market Report April 2009

Welcome to the Watertown Monthly Market Report, encompassing Oakville and Watertown. Here's a peek at what's been happening in the Watertown real estate market in the past month:

Active Listings	127
New Listings	6
Average List Price	$348,670
Median List Price	$295,000
Average Sq. Ft.	2162
Median Sq. Ft.	1862

A substantial number of very large houses on the market in Watertown and Oakville, averaging over 2000 sq.ft. Here's what the price breakdown looks like:

List Price	Houses	%
< 200,000	22	19
201,000-250,000	24	21
251,000-300,000	20	17
301,000-350,000	10	9
351,000-400,000	19	17
401,000-450,000	8	7
451,000-500,000	5	4
>501,000	19	17

Here are the most recent listings. For more info, visit William's Places.

Address	L/Price	ADOM
150 CLEARVIEW AVE	129900	2
2443 LITCHFIELD ROAD	170000	6
202 LAKE RD	229000	5
128 PARKMAN ST	269900	6
82 KIMBERLY LN	324000	6
420 THOMASTON RD	399900	3

Now, to see what's sold:

Closed Listings - 9	Average	Median
Days on Market	78	82
List Price	$250,755	$239,800
Sale Price	$237,744	$225,000
Sq. Ft.	1977	2010
LP/Sq. Ft.	$125.31	$128.93
SP/Sq. Ft.	$119.20	$113.03
SP/LP Ratio	95%	93%

Less than 3 months on average. Homeowners in this town really must want to sell their homes, because they are pricing it just right and getting them sold - well, at least those who are pricing their homes where they should be priced from the start. Let's see what they went for:

Address	L/Price	S/Price	DOM
136 BAMFORD AVE	157500	157500	40
88 CLAXTON AVE	239800	225000	1
LOT 46 EVELYN ST	329900	329900	82
70 FIELDWOOD RD	365000	320000	145
125 FRENCH ST	129900	115000	55
64 HILLCREST AVE	264900	264900	94
410 STRAITS TPKE	114900	107500	198
519 SUNNYSIDE AVE	109900	109900	12
187 WHEELER FARM RD	545000	510000	82

This is one that can't be pinned down to any one factor, or even two - even though most of these were under 300K.

For more information about Watertown or to see what's happening in town, visit Watertown's homepage.