How is Bridgewater Connecticut faring in the current real estate climate?
One of the first things I will tell you is that it will take 26 months to sell the active listings in Bridgewater, Connecticut. That is, if nothing else were to come on the market. That is some reality check for the residents of Bridgewater.
Currently in Bridgewater, Connecticut there are 52 active listings. (As of October 4, 2011) The average list price is $1,010,092, the average market time these listings have been on the market is 193 days.
The lowest price listing available for sale in Bridgewater, CT is $219,900, for a 948 square foot home built in 1955.
The highest price listing available for sale in Bridgewater, CT is $2,795,000, a 7,529 square foot home on 49 acres built in 1998.
No homes are under deposit.
No homes sold in the month of September, 2011.
Year to date, 12 homes have sold in 2011. The average list price was $774,242, average sale price of these homes was $702,533. The average market time for these sales was 249 days. That's an average of 1.33 homes being sold per month.
Compare that to the same time frame in 2010. 10 homes sold with an average list price of $710,880, average sale price of $597,783 and these homes were on the market for an average of 168 days.
What does this say for the Bridgewater, Connecticut Real Estate market? Let's compare Bridgewater to Roxbury and Washington, CT.
It would seem that as a buyer you will get "more bang for your buck" in Bridgewater. However if you are selling, this is a not good news unless you price your home aggressively to compete with the area towns.
If you are thinking of putting your home on the market in Bridgewater, here are a few articles you will want to read:
- Explaining real estate market share, what ever seller needs to know.
- Selling your home in a fragile market.
Andrea Swiedler, Realtor, Southern Litchfield County Real Estate
2017 President, Greater New Milford Board of Realtors
2017 Connecticut Magazine 5 Star Realtor
Coldwell Banker Residential Brokerage
Litchfield County Regional Office,375 Danbury Rd, New Milford, CT 06776
© Andrea Swiedler 2009 - 2017
Always do right. This will gratify some people and astonish the rest. - Mark Twain