Life in Newtown, CT

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Newtown, CT Real Estate Market Statistics 2012 vs 2013

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 happening in it.

We had some concerns at the beginning of 2013, that the Newtown, CT real estate market might have become stigmatized due to the shootings at the Sandy Hook Elementary School.  This is a concern that potential sellers have expressed to us over the course of the year.  They wonder can they sell their house.  We've even heard from a couple of buyers that "Newtown has a stigma - everyone knows that" over the past year.

The data from the multiple listing service (MLS) showed us all year that homes were selling in Newtown.  It also showed us that the average price of sold homes was more or less holding steady.  The average sale price varies throughout the year.

So, we were interested to see where it would settle out at the end of the year and how it compares to 2012.  Here's the data direct from the MLS. 

 

  2012 2013
Number of Sales 291 321
Average Sale Amount $414,886 $396,517
Days on Market 122 126

 

The data is pretty clear.  There were 30 more real estate transactions in Newtown in 2013 than in 2012.  Buyers still view Newtown, CT as a place to move to and to call their home.  Year over year, the average sale amount did decrease by roughly $20,000.  In terms of real estate values, it's a very small decrease.  The fact that the number of sale transactions increased in 2013 indicator that the Newtown, CT real estate market is alive and well.

 

Bob & Richelle Ward, Realtors, ABR
Berkshire Hathaway HomeServices New England Properties
rward@bhhsNE.com
(203 470-9818

1 commentBob and Richelle Ward • January 02 2014 05:13AM
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