Easton CT - Weekly Real Estate Market Statistics Report - August 16, 2011

EASTON CT HOMES: As of this morning, there are  93 homes actively on the market for 118 days and are listed at an average price of $899,930. The median price in Easton is creeping up slowly to $693,000 after a drop three weeks ago. The highest available listed home price is $2,498,000 and the lowest price is $299,000.

Five new listings came on the market  this week, and no homes came back on the market after being under deposit.  Four properties had a price change, and two properties have  gone under the initial deposit stage. One home went into  pending status, (which means that the conditions have been satisfied). CLOSINGS: Five properties sold this past week and were listed at  an average price of $696,380 and took an average of 81 days to sell. There were 19 status changes in the last week.

EASTON CT CONDOS: There are no condominiums in Easton.

RENTALS: If you are looking for a rent in town, the median price is $2,375 per month. There are eleven homes or apartments available, and they are listed at an average price of $3,150 per month, and have been on the market approximately 42 days.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics

Easton CT - Weekly Real Estate Market Statistics Report - August 8, 2011

EASTON CT HOMES: As of this morning, there are still 90 homes actively on the market for 118 days and are listed at an average price of $898,461. The median price in Easton has remained somewhat constant after a slight drop two weeks ago to $684,950. The highest available listed home price is $2,498,000 and the lowest price is $299,000.

Four new listings came on the market  this week, and no homes came back on the market after being under deposit.  Four properties had a price change, and two properties have  gone under the initial deposit stage. Three homes went into  pending status, (which means that the conditions have been satisfied). CLOSINGS: One property sold this past week and was listed at  $699,900 and took 95 days to sell. There were 18 status changes in the last week.

EASTON CT CONDOS: There are no condominiums in Easton.

RENTALS: If you are looking for a rent in town, the median price is $2,450 per month. There are twelve homes or apartments available, and they are listed at an average price of $3,183 per month. They have been on the market approximately 33 days.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics

Easton CT Real Estate Market Conditions as of July 2011- The Year in Review

Easton's market is starting "to move" somewhat , but there is still is a big supply of homes available. The inventory tends to go up in the springtime, so the end result may not look as rosy  as one might hope., although the median price has risen steadily. Note that it is not uncommon for Easton to have what seems like such a large inventory.

There are currently 91 single family homes on the market through our MLS system ( GFC-CMLS  ) According to the MLS, there have been 12 sales reported during the last three months with a median list price of $749,900 and a median sales price of $732,500. The sales price to list price ratio is 95.24 percent. The monthly absorption rate is 4.0 and there is a 22.75 month supply of housing inventory. Average Market Time for Active listings during this period is 95 days, and the average market time for the sales reported during this period was 109 days.

Compared to the prior 4-6 months: There were 72 single family homes on the market through our MLS system ( GFC-CMLS ) According to the MLS, there were 9 sales reported during this period with a median list price of $780,000 and a median sales price of $721,650. The sales price to list price ratio  during this period was 96.35 percent. The monthly absorption rate during this time was 3 and there was a 24 month supply of housing inventory. Average Market Time for listings during this period is 142 days, and the average market time for the sales reported during this period was 105 days

The prior 7-12 months statistics show that there were 54 single family homes on the market through our MLS system ( GFC-CMLS  ) According to the MLS, there were 38 sales reported during this period with a median list price of $749,900 and a median sales price of $548,750. The sales price to list price ratio  during this period was 94.74 percent. The monthly absorption rate during this time was 6.33 and there was a 8.53 month supply of housing inventory .Average Market Time for listings during this period is  178 days, and the average market time for the sales reported during this period was 78 days.

About the reports. These reports include the same information that home appraisers submit to a bank, and use as an addendum to their reports on individual properties. We have provided this data for you on a townwide basis. Individual property values will be different. Contact an appraiser if you need a specialized report, or contact me for a Market Analysis of your home when you are ready to sell.

Market Conditions: The Listing count is a representation of the last day of a  particular time period
1.Months Supply - The number of months it will take to deplete the inventory at the current rate of sales. In Easton, a neutral market  would  be indicated by anywhere from 6 - 9 months, dependent upon additional conditions.
2. Absorption - Quoted as a per month figure. The average number of sales in any given time period (e.g., 90 sales in a 3 month period would mean an absorption rate of 30 per month)
3. Sales - The amount of reported  sales in the given time period.

Median Sales Price and List Price-
1. Median List Price compared to Median Sales Price. This may not  coincide with the quoted Sales Price to List Price ratios, as that takes into account average pricing, as opposed to Median List and Sale Pricing.

Easton CT - Weekly Real Estate Market Statistics Report - July 26, 2011

EASTON CT HOMES:The Easton market has finally picked up! There has been more activity in the past few weeks than we have seen for much of this year.  As of this morning, there are still 90 homes actively on the market for 117 days and are listed at an average price of $903,949. The median price in Easton has dropped slightly in the last week to $684,000. The highest available listed home price is $2,498,000 and the lowest price is $299,000.

There are 16 properties available in the 500-600k range and 25 homes available in the 1-1.5 million range

Three new listings came on the market  this week, and one home came back on the market after being under deposit.  Three properties had a price change, and four properties have  gone under the initial deposit stage. Five homes went into  pending status, (which means that the conditions have been satisfied). CLOSINGS: One property sold this past week and was listed at  $1,295,000 and took 385 days to sell. There were twenty status changes in the last week.

EASTON CT CONDOS: There are no condominiums in Easton.

RENTALS: If you are looking for a rent in town, the median price is $3,150 per month. There are only seven homes or apartments available, and they are listed at an average price of $3,642 per month. They have been on the market approximately 41 days.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics

Easton CT Real Estate Market Weekly Statistics Report - July 19, 2011

EASTON CT HOMES: As of this morning, there are 90 homes actively on the market for 113 days and are listed at an average price of $905,753. The median price in Easton has dropped in the last week by five percent to $689,000. The highest available listed home price is $2,498,000 and the lowest price is $299,000.

One new listing came on the market  this week, and no homes came back on the market after being under deposit.  Three properties had a price change, and three properties have  gone under the initial deposit stage. Four homes went into  pending status, (which means that the conditions have been satisfied). CLOSINGS: One property sold this past week and was listed at  $769,400 and took 106 days to sell. There were twelve status changes in the last week.

EASTON CT CONDOS: There are no condominiums in Easton.

RENTALS: If you are looking for a rent in town, the median price is $3,450 per month. There are only five homes or apartments available, and they are listed at an average price of $4,090 per month. They have been on the market approximately 59 days.

SOURCE: Market Data is compiled from the GFC-CMLS and represents activity through our local MLS system. Private sales are not included in these statistics