Life in Newtown, CT: Newtown, CT Real Estate Market Update - As of May 7, 2014

Newtown, CT Real Estate Market Update - As of May 7, 2014

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 separated out the single family homes from the condos as there are 2 new condo complexes currently under construction in Newtown, CT. 

   Single Family Homes  Condos
Actively  Listed  262  32
Under Deposit  56  3
Pending  29  30
Sold  107  11

We would like to take this Real Estate Market Update a step further and compare single family homes sales up to 5/7 in 2013 and in 2014.  We have included both the average sale price and the median sale price in the next table.

  2013  2014
# of Homes Sold (through 5/7) 75 107
Days on Market 128   140
List Price to Sales Price Ratio  95%  97%
Average Sale Price $394,459 $373,077
Median Sale Price $345,000 $350,000


The number of sales in 2014 is clearly higher than at this time in 2013.  The List Price to Sales Price Ratio has also gone up.  The average sale price and median sale price indicate that the real estate market in Newtown, CT continues to show little improvement.  Newtown, CT Real Estate Market Update - As of May 7, 2014

Bob and Richelle Ward, Realtors, Newtown, CT

Bob 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 0 commentsBob and Richelle Ward • May 07 2014 05:20PM

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