Watertown, CT - Market Update May 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	131
New Listings	4
Average List Price	$346,060
Median List Price	$294,900
Average Sq. Ft.	2145
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	25	19
200,001-250,000	27	21
250,001-300,000	16	12
300,001-350,000	10	8
350,001-400,000	21	16
400,001-450,000	7	5
450,001-500,000	7	5
>500,001	18	14

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

Address	L/Price	ADOM
55 COLLINS ST	200000	7
47 LINKFIELD RD	237000	2
123 POND VIEW DR	394900	1
203 SMITH POND RD	529900	4

Now, to see what's sold:

Closed Listings - 5	Average	Median
Days on Market	88	82
List Price	$313,340	$299,900
Sale Price	$306,300	$270,000
Sq. Ft.	2121	1664
LP/Sq. Ft.	$138.98	$162.30
SP/Sq. Ft.	$135.39	$159.82
SP/LP Ratio	97%	98%

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
1009 BUCKINGHAM STREET	173000	183500	8
18 FAIRVIEW AVENUE	94900	89000	9
187 GUERNSEYTOWN RD	299900	270000	199
LOT 1 LAKEVIEW DRIVE	409900	409000	84
246 OLD FARMS RD	589000	580000	153

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

Prior Market Reports: Watertown Market ReportMarch 2009 Watertown Market Update 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)