William's Places: January 2012

Plymouth CT 2011 Real Estate Market Report

Plymouth CT 2011 Real Estate Market Report

 

statistics for Plymouth CT home sales

 

In 2011, 95 homes were sold in Plymouth CT, with an average sale price of $187,407 and an average of 95 days on market. The homes that sold ranged from a 924 sq. ft. 2 bedroom mobile home that sold for $20,000, to a 3000 sq. ft. 3 bedroom contemporary style home that sold for $425,000.

 

The absorption rate for Plymouth CT home sales in 2011 was 7.92 homes sold per month. With the average number of homes on the market in Plymouth being about 89 at any given time, that leaves roughly 11 months of inventory remaining.

 

 

2011

2010

2009

2008

2007

Homes Sold

95

90

98

110

125

Av. Listing Price

175,351

194,508

183,043

206,667

222,274

Av. Sale Price

166,109

187,407

173,506

197,034

215,248

Av. DOM

115

95

94

87

77

SP/LP Ratio

94%

96%

94%

95%

97%

 

2011 was a good year for the majority of buyers in Plymouth CT, as prices dropped below both last year’s figures and sales prices for 2009. There is a silver lining in these clouds for sellers, as the volume of sales increased slightly and sales price/list price ratios have remained stable over the last several years. What does this mean for Plymouth CT home sellers? Be very reasonable about pricing your home for its condition, and at market prices your home should sell within a six month time frame.

 

Go to Plymouth CT Real Estate - Market Update for prior Plymouth CT market reports.

 

Looking to relocate to Plymouth CT? VisitLooking For A Reason to Move-Destination: Plymouth CT.

 

For more information about the Plymouth CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Plymouth CT homes for sale.

 

 

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.

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Courtesy of William James Walton, Sr. , Realtor, WEICHERT, REALTORS® - Briotti Group

Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown, Thomaston and Plymouth)

 

Call William James Walton, Sr. Real Estate Agent with WEICHERT, REALTORS® - Briotti Group (203) 558-7463 for help with your real estate needs -buying or selling -  in Waterbury, Watertown, Wolcott, Middlebury, Southbury, Prospect, Naugatuck, Plymouth and Thomaston

Buyers - Search for Greater Waterbury, CT Area Homes For Sale

Sellers - Request a Free Home Evaluation, Look at Recent Home Sales

Comment balloon 2 commentsWilliam James Walton Sr. • January 26 2012 06:26PM
Plymouth CT 2011 Real Estate Market Report
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Open House 146 Eastern Avenue Waterbury CT 1-15-12
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Open House 146 Eastern Avenue Waterbury CT 06708 – Sunday, January 15, 2012 2-4 p. m. Come and join William James Walton, Sr. of Weichert, Realtors® - Briotti Group on January 15, 2012 from 2 to 4 p. m. for a personal… more