Life in Newtown, CT: Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013

Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013

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 year or in some cases, several years before.  In today's blog post, we are going to compare the performance of the first 6 months of 2014 vs the first 6 months of 2013.   In the table below, is the information that we're going to discuss.

 

  # of SOLD Units  Average Closed Price  # of Days on Market 
2014  163  $380,486  142
2013  128  $404,282  123

 

So far the number of sold units in Newtown has increased over those sold in 2013; however, the average closed price has decreased by roughly $24,000.  Also, the number of days on market has increased so it is taking a little longer for homes to sell.

 

We looked a little further into the data that was pulled from the multiple listing service (MLS).  We noticed that so far this year, there have been no sales over $1 million or in the $800,000's.   That alone, would cause the average sale amount to decrease.

 

Newtown CT Real Estate Market Update First 6 Months 2014 vs 2013 is just a glimpse at our current market.   As always, real estate is local and it's always evolving.   

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
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Comment balloon 0 commentsBob and Richelle Ward • July 07 2014 01:41PM

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