Middlebury, CT

MIDDLEBURY CT-REAL ESTATE MARKET REPORT for FEBRUARY 2012

Middlebury CT Real Estate Market Report for February 2012 The real estate market in Middlebury is holding steady, with the volume of February sales remaining stable compared to last year, but Middlebury CT sales prices continued to decline compared to both last month and last year. With 12 pending sales at an average asking price of over $300k, it looks like the next few months will see an upward swing in average sale prices compared to January.

There are currently 69 Middlebury CT homes for sale

• average listing price of $502,793
• median listing price of $399,000

• 12 pending sales (under contract):
• average asking price of $306,892
• median asking price of $237,200

2 homes were sold in Middlebury CTin the month of February

· average sale price of $242,500

· Median sale price of $242,500

· February 2011, 2 homes were sold; both average and median sale price of $375,000

These are the two homes that sold in the Middlebury CT area in the month of February:

Looking to relocate to Middlebury CT? Visit Looking For A Reason to Move-Destination: Middlebury CT

For more information on Middlebury CT, you can read the following:

Middlebury CT Real Estate Market Updates

Meadowview Park Middlebury CT

Ledgewood Memorial Park Middlebury CT

Lake Quassapaug Amusement Park - Middlebury CT

If you are looking to buy a home in Middlebury CT, click on Middlebury CT homes for sale to search for homes in your price range.

For further information about the Middlebury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Middlebury CT homes for sale.

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.

MIDDLEBURY CT-REAL ESTATE MARKET REPORT FOR JANUARY 2012

Middlebury CT-Real Estate Market Report For January 2012 The real estate market in Middlebury is holding steady, with the volume of January sales remaining stable and an increase in average sales prices of 10% in Middlebury CT compared to last month. Compared to last year, however, Middlebury CT sales prices were still lower, so continue to keep an eye on the Middlebury CT market to see where the trend is headed.

There are 58 Middlebury CT homes for sale, with an average listing price of $525,704, and 368 days on market, ranging from a 1541 sq. ft. 2 bedroom cape being offered for $149,900 to a 4100 sq. ft. 3 bedroom colonial being offered for $2.2 million.

Here is a breakdown of the home prices in Middlebury CT:

You can search for Middlebury CT homes for sale by visiting William’s Places!

4 homes were sold in Middlebury CTin the month of January, with an average sale price of $364,375 and an average of 196 days on market, ranging from a 900 sq. ft.,2 bedroom ranch that sold for $182,500 to a 3876 sq. ft., 4 bedroom colonial that sold for $520,000. By comparison, in January 2011, 5 homes were sold with an average sale price of $430,480 and an average of 106 days on market.

The Middlebury CT real estate marketis still in a buyer’s market with 12 months of inventory at an absorption rate of 4.83 homes being sold each month over the last 6 months with 58 homes currently on the market. These are the four homes that sold in the Middlebury CT area in the month of January:

Looking to relocate to Middlebury CT? VisitLooking For A Reason to Move-Destination: Middlebury CT

For more information on Middlebury CT, you can read the following:

Middlebury CT Real Estate Market Updates

Meadowview Park Middlebury CT

Ledgewood Memorial Park Middlebury CT

Lake Quassapaug Amusement Park - Middlebury CT

For further information about the Middlebury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Middlebury CT homes for sale.

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.

2011 Year End Real Estate Market Update for Middlebury CT

For the year 2011 in Middlebury CT, there were 62 residential real estate sales for an average of 5 sales per month. This is referred to as the absorption rate. 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. Less than 6 months is a sellers’ market and anything over 6 months is a buyers’ market.

The average value for the homes sold in Middlebury CT for the year was $381,732 with an average days on market of 135. There are currently 64 homes actively listed for sale in Middlebury CT, which is equivalent to a 10 month inventory if the average sales per month is consistent.

The list price ratio to sales price ratio was 93%, 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 Middlebury CT in 2011 was a 9,619 sq ft, 6-bedroom colonial estate which sold for $1,950,000.

By comparison, for calendar year 2010, there were 45 residential real estate sales for an average of 4 sales per month, with an average sales price of $332,418 and average days on market of 117. For 2011, there were more homes sold at a higher price in almost the same number of days on market.

The highest value home sold in Middlebury CT in 2010 was a 2,692 sq ft, 4 bedroom contemporary home which sold for $450,000.

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 Middlebury 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 Middlebury CT.

2011 Year End Real Estate Market Update for Middlebury CT

Middlebury CT 2011 Real Estate Market Report

In 2011, 62 homes were sold in Middlebury CT, with an average sale price of $381,732 and an average of 135 days on market. The homes that sold ranged from a 1330 sq. ft. 2 bedroom cape that sold for $110,000, to a 9619 sq. ft. 6 bedroom colonial that sold for $1.95 million.

The absorption rate for Middlebury CT for 2011 was 5.167 homes per month being sold, and there has been an average of about 66 homes on the market at any given time during 2011. That means that there is almost 13 months of inventory in Middlebury CT

Even though there is still a year's worth of inventory remaining in Middlebury CT, the increase in volume of sales compared to last year, and the increase in average sales prices over the last year points to a recovery of the Middlebury CT housing market, with a 15% increase in home sales prices in 2011 from 2010. Sellers, if you are going to place your homes on the market in 2012, just make sure that you are listing your homes at market values so that they will sell quickly.

For further information about the Middlebury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Middlebury CT homes for sale.

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.

MIDDLEBURY CT-REAL ESTATE MARKET REPORT - JANUARY 2012

Middlebury CT-Real Estate Market Report January 2012 The real estate market in Middlebury is picking up some steam, with December sales increased significantly from last month, and average sales prices also increasing in Middlebury CT compared to last month. Compared to last year, however, Middlebury CT sales prices were lower, so continue to keep an eye on the Middlebury CT market to see where the trend is headed.

TheMiddlebury CT homes for salerange from a 1541 sq. ft. 2 bedroom cape being offered for $149,900 to a 4100 sq. ft. 3 bedroom colonial being offered for $2.2 million.

Here is a breakdown of the home prices in Middlebury CT:

You can search for Middlebury CT homes for sale by visiting William’s Places!

The Middlebury CT homes that sold in December range from a 1232 sq. ft., 3 bedroom ranch that sold for $140,000 to a 3396 sq. ft., 4 bedroom cape that sold for $670,858.

These are the nine homes that sold in the Middlebury CT area in the month of December:

Looking to relocate to Middlebury CT? Visit Looking For A Reason to Move-Destination: Middlebury CT

For more information on Middlebury CT, you can read the following:

Middlebury CT Real Estate Market Updates

Meadowview Park Middlebury CT

Ledgewood Memorial Park Middlebury CT

Lake Quassapaug Amusement Park - Middlebury CT

For further information about the Middlebury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Middlebury CT homes for sale.

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.