Life in Newtown, CT

Foreclosures and Short Sales - Newtown, CT Real Estate Market

Foreclosures and Short Sales - Newtown, CT Real Estate Marketfdhnjm  This past Sunday, we had a late start to our real estate day.  While enjoying our morning coffee, we read an interesting article in the Danbury NewsTimesState foreclosure numbers still above national average.  This article was no surprise to us, but it's always nice to see in wriitng what we see out there in the real estate world.  As with many things we read, this article got us to thinking ...

Last year in August, we posted a blog comparing the # of short sales to the # of foreclosures here in Newtown, CT.  At that time, we commented that the # of foreclosures had increased over the # of short sales and took this as a sign that our market was finally shaking out the distressed properties.

We went back to see if the what we saw in our August post held true for the rest of 2015 and how distressed sales were fairing so far in 2016.  Here's a graph to show you:

Newtown, CT Short Sales vs Foreclosures

Wow!  Look at the number of foreclosures sold in Newtown, CT  in 2015!  The number of foreclosures in 2015 increased over 50% from 2014 while the number of short sales remained the same as 2014 and 2013.   It will be interesting to see how 2016 finishes up.  Foreclosures and Short Sales - Newtown, CT Real Estate Market

 

 

The Wards & Riley, the Real Estate DogBob and Richelle Ward
Coldwell Banker Residential Brokerage
Bob's Cell: 203 470-9818  l  Richelle's Cell: 203 470-9819
Email: wardteam@cbmoves.com
Facebook  l  Website  l  Blog

Comment balloon 1 commentBob and Richelle Ward • September 29 2016 03:06PM
Foreclosures and Short Sales - Newtown, CT Real Estate Market
share
Foreclosures and Short Sales - Newtown, CT Real Estate Marketfdhnjm This past Sunday, we had a late start to our real estate day. While enjoying our morning coffee, we read an interesting article in the Danbury NewsTimes - State foreclosure… more
Half Year Real Estate Market Report - Newtown, CT 2015 vs 2016
share
Half Year Real Estate Market Report - Newtown, CT 2015 vs 2016 - Wow! Half of the year has already passed and you probably want to know "How is the local real estate market performing? " (Well, people ALWAYS want to know THAT, but it's a… more
Newtown, CT: A Real Estate Comparison 2014 vs 2015
share
Newtown, CT: A Real Estate Comparison 2014 vs 2015 Well, Happy New Year! It's time for our annual comparison of the past 2 years of real estate values in Newtown, CT. As in past years, we are going to start with the median sale price and the… more
Comparison Short Sales and Foreclosures in Newtown, CT
share
Comparison Short Sales and Foreclosures in Newtown, CT The one thing that is constant in life is CHANGE and the Newtown, CT real estate market is always changing. Today, we are looking at the number of short sales and foreclosures that have… more
Market Update for Newtown, CT as of 4/20/2015
share
Market Update for Newtown, CT as of 4/20/2015 We have been out showing homes to buyers who can purchase in the $300, 000's. Recently, we've had quite a few of these buyers and it seems to us that the market in this price range is moving well. Have… more
Market Update for Newtown, CT as of 3/16/15
share
Market Update for Newtown, CT as of 3/16/15 Here is a comparison of the closed single family home sales in Newtown, CT for both February 2014 and February 2015: Closed Sales February 2014 Units Sold - 21 Average Days on Market -… more
Real Estate Comparison 2013 vs 2014 for Newtown, CT
share
Real Estate Comparison 2013 vs 2014 for Newtown, CT We are little late in posting this information, but here it is. We like to compare and contrast real estate performance for the end of the most recent year as compared to the prior year. This… more
Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013
share
Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013 As Realtors, we are always looking to see how our local real estate market is performing. The best way for us to do this is to compare it against the same time frame of the prior… more
Newtown, CT Real Estate Market Update - As of May 7, 2014
share
Newtown, CT Real Estate Market Update - As of May 7, 2014 The public - once finding out that we are Realtors - always asks us how the market is doing. We've just compiled the information for Real Estate Market Update for Newtown, CT We have… more
Newtown, CT Real Estate Market Statistics 2012 vs 2013
share
Newtown, CT Real Estate Market Statistics 2012 vs 2013 Being professional Realtors, it's no surprise that people ask us "How's the market doing? Any better? ". We always have a finger on the pulse of our local market and know what is… more