Prospect, CT

This Saturday on the Green (25 Center Street, Prospect) in Prospect is the Bazaar at the Prospect Congregational Church.

This Saturday October 21st from 10am to 3pm.

The annual bazaar has many hand made crafts and baked goods. Admission is free and it is always a great event. Be sure to get out and support all the locals!

They will also be serving lunch from 11 until 1:30.

Be sure to stop up and get a jump start on your holiday shopping season.

October 2009 Prospect,CT Sold Property Report!

Well October was a busy month here in Prospect. A total of 10 Properties sold. These Properties had an average listing price of $298,775. This is mainly due to theCambridge Drive property Our office sold for $490,000. I have included a few photos and info on some of the closings below.

Market Analysis Report

Property Type: Residential Status: Closed/Sold Number of Properties: 8

BedsBaths SqFtListing PriceLP$/SqFtSale PriceSP$/SqFtSP/LPADOM High Low Average Median 5 2.5 2,750 $499,900 233.72 $490,000 229.77 100% 226 2 1 1,071 $189,900 113.32 $187,500 111.34 92.5% 21 4 1.8 1,644 $298,775 192.6 $290,488 187.84 97.49% 101 4 2 1,186 $270,400 193.55 $265,250 189.46 98.15% 94

Search Criteria

Status	CLOSE
Town	113
Closing Date	between 9/30/2009 - 11/1/2009

26 Cambridge Drive Prospect. This home was easily one of the nicest homes I have seen in Prospect. It was built by a company in Oxford called Connecticut Residential Builders. The home was "Green" certified and had an amazing attention to detail. It sold for $490,000.

3 Rolling Ridge Court, Prospect was a bank foreclosure. Earlier this year it was forsale as a Fair market listing at a price of $394,000. After the foreclosure it sold for $275,000 and was a STEAL at this price. It was 2,500 square feet and built in 1988.

11 Woodcrest Drive sold in under 21 days, and had multiple offers. Homes in this market are still selling when priced correctly! Good luck to the new owners.

PROSPECT, CT REAL ESTATE – MARKET UPDATE NOVEMBER 2009

These are the latest statistics for the Prospect, CT real estate market for the month ending on October 31, 2009:

Active Listings	50
New Listings	0
Average List Price	$338,560
Median List Price	$359,900
Average Sq. Ft.	2221
Median Sq. Ft.	2215

There are 50 homes for sale in Prospect , 18 of which were listed within the last month. Here's a breakdown of the prices of the homes for sale in Prospect :

List Price	Houses	%
< 200,000	6	12
200,001-250,000	7	14
250,001-300,000	7	14
300,001-350,000	4	8
350,001-400,000	9	18
400,001-450,000	9	18
450,001-500,000	3	6
>500,001	5	10

You can search for homes for sale in Prospect, CT by visiting William’s Places !

Now, for a look at what has sold in the Prospect area:

Closed Listings - 8	Average	Median
Days on Market	111	101
List Price	$273,775	$270,400
Sale Price	$266,100	$265,250
Sq. Ft.	1641	1186
LP/Sq. Ft.	$169.31	$179.22
SP/Sq. Ft.	$165.13	$176.30
SP/LP Ratio	98%	98%

The average sales price for homes in Prospect rose back to its customary numbers in October, with all but two of the homes in Prospect, CT being over 250k.

These were the 8 houses that won the homes sold contest in Prospect, CT :

Address	L/Price	S/Price	DOM
26 CAMBRIDGE DR	499,900	490,000	176
72 COACHLIGHT CIR	399,900	370,000	224
13 LEE RD	275,900	275,900	28
198 MATTHEW ST	259,900	255,500	58
3 ROLLING RIDGE CT	279,900	275,000	93
77 SALEM RD	189,900	187,500	107
170 SUMMIT RD	19,900	19,900	182
11 WOODCREST DR	264,900	255,000	22

Prior Prospect, CT Market Reports :

Prospect, CT Real Estate - Market Update October 2009

Prospect, CT Real Estate - Market Update September 2009

Prospect, CT Real Estate - Market Update August 2009

Prospect, CT Real Estate - Market Update July 2009

Prospect CT Market Update June 2009

Prospect CT Market Update May 2009

Prospect CT Market Report April 2009

Prospect CT Real Estate and Homes For Sale, October 2009 Sales Report

Home Sales for Prospect CT: October 2009 sales were 7, down 22.25% from 9 in October of 2008 and 16.7% higher than the 6 sales last month.

October YTD sales of 62 are running 5.10% ahead of last year's year to date sales of 59.

Prices - The Median sales price in October was $275,000 compared to $215,000 for last month and down -7.3% from $296,500 in October 2008.

Inventory - The total inventory of homes available for sale as of October was 51, down -5.6% from 54 last month and down -12.1% from 58 in October last year. October 2009 Inventory was at its lowest level compared with October on 2008 and 2007.

A comparatively low MSI (month's supply of inventory) is more beneficial for sellers while a higher MSI is better for buyers. The October 2009 MSI of 7.3 months was at a mid level compared with October of 2008 and 2007.

Market Time - The average Days On Market (DOM) shows how many days the average home is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyers market, a downward trend a move towards more of a Seller's market.

The DOM for October was 100 down -27.5% from 138 days last month and down -42.2% from 173 days in October of last year.