About Cheshire's Chesprocott

The Time is Right to Buy a Home in Cheshire CT

We have had a very mild winter here in Cheshire CT, and very few people are very happy about that. The economy and the market have created the 'perfect storm' for real estate, so there has never been a better time to buy.

The Spring Market is here, and the activity levels are starting to reflect the enthusiasm for home buyers anxious to get their dream home purchased.

The market is being energized for many reasons:

Interest rates are at an all time low and have been that way for some time.

Inventory is stable and prices have stabilized at homes are priced near the pre-boom prices of the early 2000 time.

Sellers have been busy making their homes as attractive as possible for buyers looking to own a home in Cheshire CT.
The prices are right and sellers are motivated.

With home ownership come many benefits. It is the American dream that provides financial benefits as well as security and shelter for families:

• Homeowners become an integral part of the community to protect their investments.
• Children do better in school as there is less distractions and disruption to their lives.
• As the market improves, the home builds equity, both with the payment of the mortgage but also with the appreciation over time.
• Home owners get tax breaks as they are able to deduct the property taxes and principal interest from their tax returns.
• In most cases, when a home owner sells a home, they have no tax obligations on the gains.

Here is a sampling of some of the great real estate values available in Cheshire CT.

There are 38 homes available in Cheshire CT under $300,000.

Shown is a 4 bedroom, 2 full bath ranch,on a corner manicured lot for $290,000.

There are 28 homes for sale in Cheshire CT for under $400,000.

Shown is a 4-bedroom 2,192 sq ft, 2 1/2 bath colonial selling for $350,000.

There are currently 17 homes for sale in Cheshire CT for less than $500,000.

Shown is a 5-bedroom, stately brick colonial, with 3,120 sq ft of living space on 1.25 acres for sale at $449,000.

Above $500,000 there are 38 homes for sale with the highest currently selling at $1,690,000

Shown is a 4 bedroom, 3,950 sq ft colonial on 1 4 acres currently in the market at $619,900.

There are many fine homes available in Cheshire CT in great neighborhoods and priced to sell. I look forward to helping you find your dream home in Cheshire CT.

If you would like information on homes for sale in Cheshire CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Cheshire CT.

The Time is Right to Buy a Home in Cheshire CT

Cheshire CT Real Estate Sales Report for February 2012

Currently in Cheshire CT there are 119 active residential listings for sale. They range from a 1,446 square ft, 14bedroom ranch listed at $115,000 to a 5600 square ft, 4-bedroom contemporary ranch estate listed at $1,690,000.

The average list price of the homes currently available for sale in Cheshire CT is $456,543. The average days on market for these homes is 115 days. For the month of February, there were 32 additional homes listed for sale in Cheshire CT.

There are currently 13 homes under contract in Cheshire CT. No homes went under contract in the month of February. The average list price for the homes under contract is $456,145 with average days on market of 130 days.

In February, 11 homes closed in Cheshire CT. They ranged from a 3,156 sq ft, 4-bedroom colonial, which sold for $397,500 to a 1,192 sq ft 3-bedroom REO colonial needing complete rehab which sold for $67,000. Average sales price of the homes that sold was $245,945. Average DOM of 91 days. The closed properties had a Sales price to List price ratio of 93%.

By comparison, there were 9 closings in Cheshire CT for the month of February 2011, with an average price of $371,650 and avg. days on market of 139. This indicates that there were more homes sold in 2011 at a considerably lower value in less days on market.

For the year 2011, the market sales or absorption rate was 16 sales per month, with an average sales value of $313,200 and average days on market of 139. The current inventory of homes is equivalent to a 7+ month inventory, which is a stable market.

There are currently 46 condos for sale Cheshire CT. They range in price from $651,600 for an over 55 Adults only 2,850 sq ft, 3-bedroom unit to $72,000 for a 1-bedroom, ranch style efficiency unit. There are currently five (5) condos under contract in Cheshire CT.

In the month of February, 1 condo closed in Cheshire CT. It was a short Sale unit which sold for $200,000 with days on market of 75.

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.

Cheshire CT Real Estate Sales Report for February 2012

Cheshire CT Real Estate Sales Report for January 2012

Currently in Cheshire CT there are 109 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $137,500 to a 5100 square ft, 4-bedroom contemporary ranch estate listed at $1,700,000.

The average list price of the homes currently available for sale in Cheshire CT is $474,309. The average days on market for these homes is 138 days. For the month of January, there were 25 additional homes listed for sale in Cheshire CT.

There are currently 14 homes under contract in Cheshire CT, with four (4) having gone under contract in the month of January. The average list price for the homes under contract is $415,116 with average days on market of 96 days.

In January, 7 homes closed in Cheshire CT. They ranged from a 2,312 sq ft, 4-bedroom colonial, which sold for $670,900 to a 912 sq ft 2-bedroom ranch which sold for $382,500. Average sales price of the homes that sold was $254,214. Average DOM of 129 days. The closed properties had a Sales price to List price ratio of 92%.

By comparison, there were 16 closings in Cheshire CT for the month of January 2011, with an average price of $371,650 and avg. days on market of 116. This indicates that there were more homes sold in 2011 at a considerably higher value in less days on market.

For the year 2011, the market sales or absorption rate was 16 sales per month, with an average sales value of $386,969 and average days on market of 101. The current inventory of homes is equivalent to a 6+ month inventory, which is a stable market.

There are currently 43 condos for sale Cheshire CT. They range in price from $651,600 for an over 55 Adults only 2,850 sq ft, 3-bedroom unit to $72,000 for a 1-bedroom, ranch style efficiency unit. There are currently four (4) condos under contract in Cheshire CT.

In the month of January, 4 condos closed in Cheshire CT with an average price of $180,300 and avg. days on market of 55.

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.

If you would like information on homes for sale in Cheshire CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Cheshire CT.

Cheshire CT Real Estate Sales Report for January 2012

2011 Year End Real Estate Market Update for Cheshire CT

For the year 2011, the market sales or absorption rate in Cheshire CT was 16 sales per month. Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is considered a balanced market. Under 6 months is a sellers’ market and anything over 6 months is a buyers’ market.

The average value for the homes sold in Cheshire CT for the year was $386,969 with an average days on market of 101. The current inventory of homes is equivalent to a 13 month inventory.

The list price ratio to sales price ratio was 96%, which indicates sellers putting the homes on the market near to fair market value, or finally getting them sold at market value.

The highest value home sold in Cheshire CT in 2011 was a 5,888 sq ft, 5-bedroom colonial which sold for $1,849,000.

By comparison, for calendar year 2010, the absorption rate was 17.5 units per month, with an average sales price of $347,744 and average days on market of 99. For 2011, there were less homes sold on average per month and at a slightly higher price in almost the same number of days on market.

The highest value home sold in Cheshire CT in 2010 was a 6,050 sq ft, 5 bedroom colonial home which sold for $1,125,000.

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.

If you would like information on homes for sale in Cheshire CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Cheshire CT.

2011 Year End Real Estate Market Update for Cheshire CT

Cheshire CT Real Estate Sales Report for December 2011

Currently in Cheshire CT there are 108 active residential listings for sale. They range from a 770 square ft, 1-bedroom bungalow listed at $137,500 to a 5100 square ft, 4-bedroom contemporary ranch estate listed at $1,700,000.

The average list price of the homes currently available for sale in Cheshire CT is $480,147. The average days on market for these homes is 159 days. For the month of December, there were 16 additional homes listed for sale in Cheshire CT.

There are currently 15 homes under contract in Cheshire CT, with four (4) having gone under contract in the month of December. The average list price for the homes under contract is $398,319 with average days on market of 129 days.

In December, 8 homes closed in Cheshire CT. They ranged from a 3,300 sq ft, 4-bedroom, new construction colonial, which sold for $670,900 to a 1,784 sq ft 4-bedroom ranch which sold for $235,000. Average sales price of the homes that sold was $436,690. Average DOM of 78 days. The closed properties had a Sales price to List price ratio of 99%.

By comparison, there were 22 closings in Cheshire CT for the month of December 2010, with an average price of $346,250 and avg. days on market of 101. This indicates that there were less homes sold in 2011 he same number of homes sold at a higher value, with less days on market.

For the first 11 months of 2011, the market sales or absorption rate was 17 sales per month, with an average sales value of $384,853 and average days on market of 102. The current inventory of homes is equivalent to a 6+ month inventory.

There are currently 45 condos for sale Cheshire CT. They range in price from $651,600 for an over 55 Adults only 2,850 sq ft, 3-bedroom unit to $72,000 for a 1-bedroom, ranch style efficiency unit. There are currently four (4) condos under contract in Cheshire CT.

In the month of December, 5 condos closed in Cheshire CT with an average price of $194,600 and avg. days on market of 75.

For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.

If you would like information on homes for sale in Cheshire CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Cheshire CT.

Cheshire CT Real Estate Sales Report for December 2011