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 2010
- 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.