Life in Newtown, CT

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Real Estate Sales October 2011 - Newtown, CT

Real Estate Sales October 2011 - Newtown, CT  October 2011 was a busy month for real estate sales in Newtown, CT - 16 homes sold!  In the table below, we've given you some basic information on each sale.

Street # Street Name Street Type Bedrooms Full Baths Half Baths # of Rooms List Price Sale Price Market Time
3 GOODYEAR RD 2 2 0 7 $205,000 $194,000 78
11 SOUTH MAIN ST 2 1 1 6 $224,000 $190,000 87
4 PARTRIDGE LN 3 1 1 7 $229,000 $209,400 47
8 ROOSEVELT DR 3 2 1 6 $234,900 $231,000 46
104 WATERVIEW DR 4 3 0 10 $259,900 $225,000 78
9 FIELDSTONE DR 3 1 0 5 $269,000 $255,000 109
15 WILLS RD 4 1 1 8 $319,900 $307,000 205
26 BENTAGRASS LN 4 2 1 8 $419,900 $395,000 131
3 LOVELLS LN 4 2 0 7 $423,900 $417,000 124
7 SUSAN LN 4 2 1 10 $479,900 $450,000 155
1 CHARLIES CIR 4 3 1 9 $599,000 $570,000 21
32 WHITEWOOD RD 4 2 1 9 $600,000 $570,000 107
35 HOSEYE COACH RD 4 3 1 9 $625,000 $619,000 145
10 WHITEWOOD RD 4 3 1 10 $669,900 $633,500 101
11 WHITEWOOD RD 5 3 1 12 $699,000 $600,000 353
30 RUSSETT RD 4 3 1 10 $739,000 $730,000 388

As the National Association of Realtors (NAR) commercial states:  Real estate is local.  The above table shows that homes are selling in Newtown and they are selling in all price ranges.  Take note that the sale price to list price ratio is 94% - which is 1% lower than in September 2011.

We hope that you'll check back for future posts on real estate  sales in Newtown, CT.

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

0 commentsBob and Richelle Ward, Realtors, ABR • November 02 2011 07:57AM

2011 Spring Real Estate Market in Newtown, CT

2011 Spring Real Estate Market in Newtown, CT  As you can see in the number of blog posts (check Blog Archives on the right toward the bottom), we were absent from LifinNewtown.com for the months of February and April this year.  It's not because we were slacking off or on some great extended vacation in an exotic location.  We were gearing up for the 2011 Spring Real Estate Market in Newtown, CT.

When we looked over our calendar for the months of February and April, we realized that we had a good number of appointments to list homes for sale in February and that those homes came on the market toward the end of March and into April.  It takes us a lot of work to prepare for a comparative market analysis (CMA) and then there's a lot of work to do when a house goes on the market.  We're not complaining, but all this "other work" took away from our blogging time.

 

18 Georges Hill Road, Newtown, CT 72 Totem Trail, Newtown, CT 18 Ridge Road, Newtown, CT

Back in February 2011, there were 180 single family homes available for sale in Newtown, CT.  We've observed the inventory of homes in Newtown increase to 196 as today - 5/4/2011.  This has been a slow increase of the inventory and the overall number is quite low as compared to past years.

So, what are the advantages/disadvantages to real estate market with low inventory?  For buyers, this means that there are fewer homes to choose from and it might take a buyer longer to find the ideal home.  For sellers, you have less competition and if your house is priced correctly, it wiill sell relatively quickly.

18 Scudder Road, Newtown, CT 36 Marlin Road, Newtown, CT 2 Melody Lane, Newtown, CT

The 2011 Spring real estate market in Newtown, CT continues to evolve.  It will be interesting to see where it goes.

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

Newtown, CT Real Estate Market Statistics Comparison 2009 vs 2010

Newtown, CT Real Estate Market Statistics Comparison 2009 vs 2010  Here is a comparison of the closed sales in Newtown, CT for both the year of 2009 and the year of 2010:

Closed Sales 2009

  • Units Sold - 212
  • Average Days on Market - 134
  • Average List Price - $487,117
  • Average Sale Price - $457,417
  • Sale Price to List Price Ratio - 93.90%

Closed Sales 2010

  • Units Sold - 243
  • Average Days on Market - 126
  • Average List Price - $481,993
  • Average Sale Price - $457,134
  • Sale Price to List Price Ratio - 94.84%

Overall, the real estate market in Newtown performed better in 2010 than it did in 2009.  31 more homes were sold in 2010 than in 2009.  The average list price and sale price were both down a little; however, the sale price to list price ratio was up almost 1% in 2010.  The sale average price for both 2009 and 2010 remained fairly consistent which indicates little growth or further decline in the market - the market has stablized.  Given the huge declines in the past several years, this gives support to the recently report released by the National Association of Realtors (NAR).  This report stated that the national real estate market hit "bottom" back in July 2010.

Newtown, CT Real Estate Market Statistics Comparison 2009 vs 2010

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

0 commentsBob and Richelle Ward, Realtors, ABR • January 17 2011 06:50AM

Newtown, CT Real Estate Statistics - as of 10/31/2010

Newtown, CT Real Estate Statistics - as of 10/31/2010  Prudential Connecticut Realty's 3rd Quarter 2010 Market Report is out and it is informative as always.  It is broken out into two sections: Single Family Homes and Condominiums.  Under each section is every town along with a year over year comparison of the Days on Market, Median Sales Price, # of homes sold and the percentage change for each. 

In the 3rd Quarter 2010 Market Report, you'll see that the Darien market has seen its median sale price increase by 16.7% while Newtown's median sale price has descreased by 9.7%.  You'll also noice the good news - that the number of sales are up dramatically all throughout Fairfield County!

We thought it would be fun to look at the Greater Fairfield County Multiple Listing Service (MLS) for the town of Newtown as of today.  The MLS changes contunually so this is just a snapshot is time.  Here goes:

As of this moment, there are 243 actively listed homes for sale in Newtown whose prices range from $35,000 for a mobile home to $5,495,000 for a 3 bedroom, 3 bathroom Ranch on 33.11 acres.  Houses that are not mobile homes start at $79,900.  There are fourteen homes that are marked as being under depositTwenty-two homes are marked as pending sale - which means a contract of sale has been signed.  Two Hundred and twelve homes have been sold in Newtown since January 1, 2010.

The homes that have sold so far this month are:

 

Property Address List Price Sale Price SP/LP Ratio Sold Date
147 Toddy Hill Rd $279,500 $275,000 98.39% 10/28/2010
16 Paugussett Rd $279,500 $275,000 98.39% 10/26/2010
28 Greenbriar Ln $309,000 $309,000 100.00% 10/4/2010
75A Great Ring Ext Rd $349,900 $350,000 100.03% 10/21/2010
31 Parmalee Hill Rd $419,000 $415,000 99.05% 10/29/2010
15 Webster Pl $419,900 $412,000 98.12% 10/18/2010
3 Topside Ln $435,000 $412,000 94.71% 10/6/2010
25 Farm Field Ridge Rd $474,500 $450,000 94.84% 10/28/2010
142 Boggs Hill Rd $489,500 $450,000 91.93% 10/26/2010
4 Harvest Common Rd $509,900 $495,000 97.08% 10/14/2010
2 Quarry Ridge Rd $529,900 $520,000 98.13% 10/8/2010
13 Arlyn Ridge Rd $649,900 $627,500 96.55% 10/8/2010
20 Brandywine Ln  $825,000 $785,000 95.15% 10/22/2010
11 Willow Brook Ln $849,000 $775,000 91.28% 10/28/2010
99 Poverty Hollow Rd $889,000 $887,500 99.83% 10/20/2010
5 Arthurs Ct $919,900 $867,500 94.30% 10/15/2010

We hope that you have found Newtown, CT Real Estate Statistics - as of 10/31/2010 to be informative and helpful in describing the current real estate market conditions in Newtown, CT.

Bob & Richelle Ward, Realtors, ABR
Prudential Connecticut Realty
www.connecticuthomesforsale.com
Cell - (203) 470-9818

1 commentBob and Richelle Ward, Realtors, ABR • October 31 2010 09:04AM

Newtown, CT Real Estate Market Statistics - August 2010

Newtown, CT Real Estate Market Statistics - August 2010  Here is a comparison of the closed sales in Newtown, CT for both August 2009 and August 2010:

Closed Sales August 2009

  • Units Sold - 24
  • Average Days on Market - 138
  • Average List Price - $479,784
  • Average Sale Price - $439,152
  • Sale Price to List Price Ratio - 92%

Closed Sales August 2010

  • Units Sold - 26
  • Average Days on Market - 104
  • Average List Price - $496,496
  • Average Sale Price - $474,217
  • Sale Price to List Price Ratio - 95.5%

Overall, it appears that the market in Newtown is doing better in 2010 than it was in 2009.  2 more units were sold in 2010 than in 2009, the average list price and sale price are both up in 2010 and the sale price to list price ratio is better than in 2009.  What do you think could be the reason for the increase in the list price and sale price in 2010?  The answer is that the higher priced homes have started to sell again which brings up the averages.

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

3 commentsBob and Richelle Ward, Realtors, ABR • September 04 2010 05:51AM

Newtown, CT Real Estate Market Statistics - June 2010

Newtown, CT Real Estate Market Statistics - June 2010  Here is a comparison of the closed sales in Newtown, CT for both June 2009 and June 2010:

Closed Sales June 2009

  • Units Sold - 20
  • Average Days on Market - 112
  • Average List Price - $533,710
  • Average Sale Price - $507,037
  • Sale Price to List Price Ratio - 95%

Closed Sales June 2010

  • Units Sold - 36
  • Average Days on Market - 122
  • Average List Price - $491.061
  • Average Sale Price - $473,366
  • Sale Price to List Price Ratio - 96.4%

Interesting ... looks the first-time homebuyer tax credit had a great affect on the number of homes sold in Newtown in 2010.  80% more homes sold in Newtown in 2010 than in 2009 ... Market time increased by 10 days in 2010 and the Average List Price and Average Sale Price were both down in 2010 compared to 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

Newtown, CT Real Estate Market Statistics - March 2010

Newtown, CT Real Estate Market Statistics - March 2010  Here is a comparison of the closed sales in Newtown, CT for both March 2009 and March 2010:

Closed Sales March 2009

  • Units Sold - 24
  • Average Days on Market - 143
  • Average List Price - $569,613
  • Average Sale Price - $534,360
  • Sale Price to List Price Ratio - 93%

Closed Sales March 2010

  • Units Sold - 20
  • Average Days on Market - 152
  • Average List Price - $495,945
  • Average Sale Price - $465,615
  • Sale Price to List Price Ratio - 93%

Interesting... Fewer homes were sold in Newtown in 2010 than in 2009 ... Market time increased by 9 days in 2010 and the Average List Price and Average Sale Price were both down almost 13% in 2010 compared to 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

Newtown, CT Real Estate Market Statistics - February 2010

Newtown, CT Real Estate Market Statistics - February 2010  Here is a comparison of the closed sales in Newtown, CT for both February 2009 and February 2010:

Closed Sales February 2009

  • Units Sold - 10
  • Average Days on Market - 142
  • Average List Price - $516,995
  • Average Sale Price - $488,961
  • Sale Price to List Price Ratio - 95%

Closed Sales February 2010

  • Units Sold - 17
  • Average Days on Market - 136
  • Average List Price - $549,129
  • Average Sale Price - $512,265
  • Sale Price to List Price Ratio - 93%

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

Newtown, CT Real Estate Market Statistics - January 2010

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.

    Bob & Richelle Ward, Realtors, ABR
    Prudential Connecticut Realty
    www.connecticuthomesforsale.com
    (203) 470-9818

    3 commentsBob and Richelle Ward, Realtors, ABR • February 04 2010 06:52PM

    Newtown, CT Real Estate Market Statistics - as of 1/17/2010

    Newtown, CT Real Estate Market Statistics - as of 1/17/2010  Curious about what's going on with the real estate market in Newtown, CT.  Well, here are the latest overall market statistics:

    • Units Sold in Past Six Months - 99
    • Average Days on Market - 128
    • Average List Price - $609,377
    • Average Sale Price - $449,792
    • Median List Price - $452,400
    • Median Sale Price - $415,000

    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

    2 commentsBob and Richelle Ward, Realtors, ABR • January 17 2010 01:56PM