Newtown, CT Real Estate Market Statistics - January 2010 Back on January 17, 2010, we reported some basic real estate market statistics for Newtown, CT. Marilyn Katz of Prudential Connecticut's Realty's Westport office asked "How do your numbers compare with the first half of the year?" Well, that got us to thinking ...
We just did a comparison of the closed sales in Newtown, CT for both January 2009 and January 2010 - this is what we found:
Closed Sales January 2009
Units Sold - 6
Average Days on Market - 135
Average List Price - $370,667
Average Sale Price - $353,333
Sale Price to List Price Ratio - 95%
Closed Sales January 201
Units Sold - 13
Average Days on Market - 84
Average List Price - $518,431
Average Sale Price - $483,385
Sale Price to List Price Ratio - 93%
What do all these numbers mean? Closed sales more than doubled in 2010. Homes are selling quicker at a higher average price. The sale price to list price ratio was surprising as the gap increased from 5% to 7%. At the high point of the market, the sale price to list price ratio was 98%. Bottom line: the real estate market in Newtown, CT was better in 2010 than in 2009.
We hope that this information is helpful to you. If you have any questions about Newtown, CT Real Estate Market Statistics, please email us.
Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
(203) 470-9818