Prospect, CT

Prospect Connecticut Real Estate Market review.

This is my 2009 Prospect Connecticut Real Estate Review. It covers all homes sold in Prospect from January 1st, 2009 to December 31st, 2009.

In 2009 a total of 77 Properties Sold in Prospect Ct

The average square footage in Prospect Ct for 2009 was 1,788

The average listing price in Prospect Ct for 2009 was $267,544

The average sales price in Prospect Ct for 2009 was $257,008

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Please contact for more information about the market in your area.

As we reached the end of 2009 in Prospect, Ct the market was showing a modest increase from the previous year in terms of total residential units sold.

As Prospect, Ct is a small town to begin with the bulk of the inventory of available housing would be in residential sales. The only condominiums complexes in town are 55+ communities.

In 2009, 78 properties were sold with a range in value from $190,000 to $589,000 with a median sales price of $257,000.

By comparison, there were 66 units sold in 2008 with a range in value from $172,000 to $589,000 with a median sales price $176,000

Currently there are 46 properties on the market, representing an 8 month inventory which definitely demonstrates a buyer's market. In addition, 8 properties are currently under contract and going through the closing process.

We are an ideal community of 12,000 people and the 7 degrees of separation is too many to connect with all the people in town.

PROSPECT, CT REAL ESTATE - MARKET UPDATE JANUARY 2010

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

Active Listings	45
New Listings	0
Average List Price	$310,753
Median List Price	$309,000
Average Sq. Ft.	2064
Median Sq. Ft.	2120

There are 45 homes for sale in Prospect, CT , 6 of which were listed within the last month. Here's a breakdown of the prices of the homes for sale in Prospect, CT :

List Price	Houses	%
< 200,000	9	20
200,001-250,000	4	9
250,001-300,000	9	20
300,001-350,000	4	9
350,001-400,000	6	13
400,001-450,000	9	20
450,001-500,000	2	4.5
>500,001	2	4.5

And here are the homes for sale in Prospect, CT listed in December:

Address	L/Price	ADOM
24 BLUE TRAIL DR	289,900	29
22 MERRIMAN LN	289,900	19
15 OAK LN	194,900	3
2 PLANK	309,900	6
87 UNION CITY RD	199,900	25
28 WOODCREST	295,000	4

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 - 6	Average	Median
Days on Market	72	82
List Price	$363,650	$366,450
Sale Price	$349,150	$357,500
Sq. Ft.	2303	2363
LP/Sq. Ft.	$160.75	$155.01
SP/Sq. Ft.	$154.61	$151.21
SP/LP Ratio	96%	97%

Prospect continued to show a slight recovery in home sale prices, averaging above $300k for the second month in a row. The amount of inventory in Prospect, CT , combined with the rate of sales over the last several months, points to the return of a seller's market in Prospect, CT within the next several months.

These were the 6 houses that won the homes sold contest in Prospect, CT :

Address	L/Price	S/Price	DOM
4 GIOVANNI DR	449,900	449,900	81
20 MEADOW LN	267,500	260,000	7
37 MIKAYLA	383,000	375,000	60
15 OLD LOG TOWN RD	349,900	340,000	46
18 SADDLE CT	499,900	460,000	102
82 SUMMIT RD	229,900	210,000	89

Prior Prospect, CT Market Reports :

Prospect, CT Real Estate - Market Update December 2009

Prospect, CT Real Estate - Market Update November 2009

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

The Prospect Fire Department will be putting on a H1N1 Flu clinic at the Prospect Fire house. This is sponsored by Chesprocot.

It will be from 10am to 2pm on January 10th, 2009.

They are requesting you car pool due to limited parking. They are also requesting after you get the vaccine you leavfe as quickly as possible.

The vaccine will be avilable to all Prospect Residents 6 months or older.

For additional information check Chesprocotts website at www.Chesprocott.org

I know it may be hard to think about the Spring Prospect Little League with snow on the ground, and more coming, but it is really right around the corner.

The Registration Dates/Times are listed below.

Wednesday January 13th, 2010 6-8pm

Saturday January 16th, 2010 9am-12pm

Saturday February 6th 9am-12pm

The fees are;

AA/T-Ball $70/per child

AAA/majors $80/child

For more info be sure to check out Prospect Little Leagues Website. www.ProspectBaseball.org