The Real Estate market here in Prospect has felt the gas price/economy issues that much of the nation has been going through. As you can see in the info below the average list price for a home in Prospect for the first half of 2007 was $339,149 with an average selling price of $327,869. That is down nearly 8.5% for the first half of 2008. The average list price was $314,432 and the average sale price was $300,722. The closed sales also decreased from 36 in the first half of 2007 to 28 in the first half of 2008. This is a slip of 23%!
With these types of numbers it is easy to see why it is more important now than ever to price your home correctly, to limit the Days on Market (DOM) and maximize the sales price.
28 Closed/Sold Listings between 1/1/2008 - 6/16/2008
Beds SqFt LP LP/SqFt SP SP/SqFt SP/LP DOM
High 7 4,200 $499,900 $246.06 $480,000 $242.31 109% 347
Low 2 960 $188,500 $103.57 $190,000 $98.81 89% 1
Average 3 1,992 $314,432 $170.32 $300,722 $164.15 96% 92
36 Closed/Sold Listings between 1/1/2007 - 6/16/2007
Beds SqFt LP LP/SqFt SP SP/SqFt SP/LP DOM
High 4 3,400 $575,000 $254.51 $569,000 $239.58 100% 287
Low 2 864 $219,900 $130.72 $207,000 $127.99 89% 5
Average 3 1,902 $339,149 $183.73 $327,869 $177.05 96% 89
David Jones, REALTOR®,e-Pro®
Smedes Realty
37 Waterbury Rd.
Prospect,Ct 06712
www.DaveJonesRealtor.com
203-758-0264 Office
203-910-2638 Cell
The annual Prospect, Ct lunch with the Easter bunny and Easter egg hunt is here again! It is March 22nd, 2008 at 11am. It will be on the Town Green, weather permiting. The always divide sections by age group of the children and there is plenty of loot for everyone! Directly following the egg hunt everyone heads across the street to the Prospect Fire House for lunch with the Easter Bunny. Last year the cost was $5 and included; chips, hot dog, soda and a cookie. The money went to the Amber Alert group. The Amber Alert Group will also be setup to take photos and register children into their system and issue ID cards. It is always a GREAT time for all!
David Jones, REALTOR®,e-Pro®
Smedes Realty
37 Waterbury Rd.
Prospect,Ct 06712
http://www.davejonesrealtor.com/
203-758-0264 Office
203-910-2638 Cell
There was a total of 28 new listings in Prospect since January 1, 2008.
These 28 listings average $308,992 and average 1814 square feet.
In comparison, From January 1, 2007 to February 15th, 2007 there were 34 new listings and the average listing price was $401,970. These homes were 2,254 square feet.
Date # of listings List Price __Square Footage
Jan 1 2007 - Mar 15 2007 34 $401,970 2,254
Jan 1 2007 - Mar 15 2008 28 $308,992 1,814
Now lets look at what these numbers mean for a moment. While 2007 had several more listings, the average price was nearly $100,000 higher! that for an additional 440 square feet. It shouldn't surprise anyone that of the 34 listings 4 were canceled, 12 expired, and 18 closed. Of the 18 closed transactions the average closed price was $326,940.
The median priced ($275,000 and $350,000) home market in Prospect remains the most active.
Prospect, Ct Real Estate market saw 11 New listings for February 2008. They averaged 1,925 Square feet and $328,543.
137 CHESHIRE RD, $218,900 RANCH, 2 Bedroom 1 Bath 02/24/2008
6 SCOTT RD, $219,900 RANCH, 3 Bedroom 3 Bath 02/14/2008
42 GREENWOOD DR $246,200 RANCH 2 Bedroom 1.5 Bath 02/22/2008
19 LEE ROAD, $275,000 RANCH, 3 Bedroom 2 Bath 02/11/2008
99 SALEM RD, $299,900 RAISE, 3 Bedroom 3 Bath 02/03/2008
DOROTHY AVE, $329,500 RANCH 4 Bedroom 2 Bath 02/25/2008
36 WOODCREST DR, $329,900 RANCH, 3 bedroom 2 Bath 02/18/2008
EVERGREEN LANE, $339,975 SPLIT, 3 Bedroom 2 Bath 02/18/2008
4 SKYLINE DRIVE, $369,900 COL, 3 Bedroom 2.5 Bath 02/04/2008
55 MELISSA LN, $484,900 COL, 3 Bedroom 2 Bath 02/04/2008
20 RACHEL ANN CT $499,900 COL, 4 Bedroom 2.5 Bath 02/03/2008
There was a total of 13 New Listings for January 2008 for Prospect. They averaged 1,884 square feet, 3 bedrooms, and a list price od $317,154. The listings were....
170 SUMMIT RD, $134,900 RANCH, 3 Bedroom 1 Bath 01/07/2008
14 OAK, 219,900 RANCH, 3 Bedroom 1 Bath 01/02/2008
8 WILKINS LN, $222,000 RANCH, 3 Bedroom 1 Bath 01/05/2008
9 MORRIS ROAD, $224,900 CAPE, 4 Bedroom 1 Bath 01/24/2008
5 NANCY MAE, $278,900 RANCH, 3 Bedroom 1.5 Bath 01/07/2008
140 UNION CITY RD, $289,900 CAPE, 3 Bedroom 1.5 Bath 01/12/2008
141 PLANK RD, $318,000 CAPE, 4 Bedroom 1.5 Bath 01/24/2008
407 MATTHEW ST $335,000 CAPE 4 Bedroom 2 Bath 01/03/2008
120 WATERBURY RD, $349,900 CAPE, 3 Bedroom 1 Bath 01/06/2008
128 SALEM RD, $379,900 COL 3 Bedroom 2.5 Bath 01/01/2008
11 NICHOLAS CT $419,900 COL, 4 Bedroom 2.5 Bath 01/08/2008
7 BRONSON RD, $449,900 CONT 4 Bedroom 2.5 Bath 01/03/2008
53 HERITAGE DRIVE, 499,900 COL, 4 Bedroom 3.5 Bath 01/26/2008
Pretty active January and hopefully a sign of a promising Spring Connecticut Real Estate Market.
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Having both lived in the Prospect area all our lives, we truly have an understanding of the People and Houses that make up this market. Call for a no obligation Market Analysis of your home today!
Thanks for Stopping By. I am Dave Jones and I am a Broker/REALTOR and Owner of Dave Jones Realty,llc, in Prospect, Ct. Having both lived in the Prospect area all our lives, we truly have an understanding of the People and Houses that make up this market. Call us today for a no obligation CMA and see what your home is worth in today's market. We specialize in working with both buyers and sellers in Residential Real Estate. We are currently listing and selling Real Estate in Naugatuck, Prospect, Waterbury, Wolcott, Middlebury, Oxford, Beacon Falls, Cheshire, Southbury, Woodbridge, Bethany, Torrington and many more areas in Connecticut. We offer a one-stop source for all of your Buying and Selling Real Estate needs in Residential, New construction, Investment properties, Condominiums and Commercial properties. Here you'll find everything you'll need to Buy or Sell a home. Sellers can learn about the market value of their home with a free (CMA) market analysis. Buyers can search the Most Current New Listings on the MLS. It is our goal to provide you with superior service at all times, so please tell me more about you!
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David Jones, Broker/Owner, REALTOR®,e-Pro®
Dave Jones Realty, llc
PO Box 7363
Prospect,Ct 06712
http://www.davejonesrealty.com/
203-758-0264 Office
203-910-2638 Cell
Internet marketing has been my area of expertise for several years. I have now become e-PRO certified, and have been a website designer and programmer for several years. I have the technology to make your home stand out from the crowd. I also utilze Talking House transmitters, 360 House tours, and Video Home Tours to complete my marketing package.
We use the latest in technology to market your home. We make it stand out from the crowd.
I have been told on COUNTLESS occasions, I have the best open houses ;)
It might be the fresh baked cookies and brownies (yes I really did bake them), or it could be the flavored coffee. Either way people feel comfortable when they come to my open houses.
Please contact us direct and we will email, mail or fax a past client list with testimonials and references.
Prospect Real Estate - Trulia
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