| |
Waterbury, CT Real Estate Market Update in Zip Code 06706
Here is the most recent information on the real estate market for single family homes in Waterbury, CT in the 06706 zip code. This area includes the following neighborhoods: East Mountain, Hopeville, Mohawk Park, Platts Mills, South End, and Washington Park.
|
Homes for Sale
|
51
|
|
Average Listing Price
|
$147,210
|
|
Average Sq. Ft.
|
1345
|
|
Months of Inventory
|
8
|
|
Home Sales (January 2010)
|
4
|
|
Average Sale Price
|
$97,700
|
|
Average Days on Market
|
87
|
The real estate market in Waterbury, CT 06706 is, with 8 months of inventory at the current sales pace of 6.3 units per month being sold, still in a buyer’s market.
 
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
Waterbury, CT Real Estate Market Update in Zip Code 06710
Here is the most recent information on the real estate market for single family homes in Waterbury, CT 06710. This area includes the following neighborhoods: Historic Hillside, Historic Overlook, and Willow/Plaza.
|
Homes for Sale
|
35
|
|
Average Listing Price
|
$141,633
|
|
Average Sq. Ft.
|
1863
|
|
Months of Inventory
|
6
|
|
Home Sales (January 2010)
|
5
|
|
Average Sale Price
|
$111,580
|
|
Average Days on Market
|
86
|
The real estate market in Waterbury 06710 has reached a balanced market in January, with 6 months of inventory remaining, with a sales rate of 5.67 homes being sold per month. We will continue to see how this area performs, as prices appear to be stabilizing somewhat.
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
Waterbury, CT Real Estate Market Update in Zip Code 06708
Here is the most recent information on the real estate market for single family homes in Waterbury, CT 06708. This area includes the following neighborhoods: Brooklyn, Bunker Hill, Country Club, Robinwood, Town Plot, and Western Hills.
|
Homes for Sale
|
142
|
|
Average Listing Price
|
$183,743
|
|
Average Sq. Ft.
|
1583
|
|
Months of Inventory
|
8.7
|
|
Home Sales (January 2010)
|
10
|
|
Average Sale Price
|
$166,840
|
|
Average Days on Market
|
109
|
The real estate market in Waterbury CT 06708 remains a buyer’s market, with almost 9 months of inventory. Average prices in these areas tend to be on the high side due to the Country Club neighborhood, which boasts the most expensive homes in Waterbury.
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
Waterbury, CT Real Estate Market Update in Zip Code 06705
Here is the most recent information on the real estate market for single family homes in Waterbury, CT in the 06705 zip code. This area includes the following neighborhoods: East Farms, Fairlawn, and Mill Plain (Meriden/Woodtick)
|
Homes for Sale
|
97
|
|
Average Listing Price
|
$155,996
|
|
Average Sq. Ft.
|
1374
|
|
Months of Inventory
|
7
|
|
Home Sales (January 2010)
|
11
|
|
Average Sale Price
|
$120,764
|
|
Average Days on Market
|
127
|
The real estate market in Waterbury, CT 06705 remains a buyer’s market with 7 months of inventory. The trend still points towards a flattening out of both prices and amount of inventory over the next several months.
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
Waterbury, CT Real Estate Market Updates in Zip Code 06704
Here is the most recent information on the real estate market for single family homes in Waterbury, CT in the 06704 zip code. This area includes the following neighborhoods: Bucks Hill, Crownbrook, Fairmount, Lakewood, Long Hill, North End, Upper Fulton Park, Walnut-Orange-Walsh(WOW), and Waterville.
|
Homes for Sale
|
113
|
|
Average Listing Price
|
$129,844
|
|
Average Sq. Ft.
|
1368
|
|
Months of Inventory
|
8.8
|
|
Home Sales (January 2010)
|
8
|
|
Average Sale Price
|
$114,469
|
|
Average Days on Market
|
81
|
The real estate market in Waterbury, CT 06704 continues to be a buyer’s market, with almost 9 months supply of inventory. A decrease in the average listing price has the potential of bringing out more buyers, helping to balance the market eventually. The amount of sales varies from month to month between the various neighborhoods.
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
Buyers, when you are looking to qualify for a home through any lender, your debt-to-income ratio will be used, along with your credit score and other factors, to determine if you qualify for a mortgage. Read the guidelines below and see which scenario most accurately fits your situation.
Via Mortgage Support Services: We get a lot of questions about debt-to-income ratios these days. Here are the underwriting guidelines for the various types of loans:
Conventional (non-government) loans:
- If the loan is underwritten manually (by a person), the debt-to-income ratio (DTI) is 36%. If the borrower has strong compensation factors, the DTI can be as high as 45%. Compensating factors include such things as very high credit scores, large down payment, large amount of reserves (money in the bank), etc.
- If the loan is underwritten by the underwriting software that is available to some lenders, the DTI ratio is 45%, and it can go as high as 50% with strong compensating factors.
- IMPORTANT NOTE:Individual lenders are allowed to impose their own, more restrictive DTI guidelines on top of Fannie Mae's, so make sure you are using a lender who does not do that.
- SUPER IMPORTANT NOTE:Private mortgage insurance companies impose their own, more restrictive DTI guidelines on top of the lender's guidelines and Fannie Mae's guidelines. At the moment, 41% is the maximum allowable DTI at most private mortgage insurance companies. Their guidelines change constantly, so this needs to be checked every time a loan is originated.
- In the old days, there were two DTI ratios for conventional loans - one for the housing expense ratio and one for the total expense ratio. Fannie Mae no longer uses two DTI ratios.
FHA loans:
- Unlike Fannie Mae, FHA uses two DTI ratios. The front-end DTI ratio (housing expenses) is 31% and the back-end DTI ratio (total expenses) is 43%. This only applies if the loan is manually underwritten.
- If the loan is underwritten by the software FHA provides to some lenders, then the ratios are not specified. It depends on credit scores, down payment, reserves, etc. We commonly get approvals from the software for ratios of 40-46% for the housing ratio and 50-55% for the total expense ratio.
- Lenders are allowed to add their own, more restrictive guidelines on top of FHA's, so it is wise to use a lender who does not.
- Mortgage insurance is not an issue with FHA ratios because FHA insures the loan. There are no additional restrictions for mortgage insurance with FHA loans.
- If a borrower is using alternative credit (they have no credit scores and are using other trade lines to establish credit - rent, utilities, etc.), then they are restricted to the manual underwriting guidelines - 31% front-end and 43% back-end.
VA loans:
- VA only uses one, total expense ratio as well. It is 41% if the loan is underwritten manually.
- If the underwriting software that VA supplies to some lenders is used, then the DTI ratio is not specified. We typically see loans approved with DTI ratios in the 45% - 55% range. It all depends on credit scores, reserves, etc.
- Lenders are allowed to add their own, more restrictive guidelines on top of VA's, so check with your lender before assuming VA's guidelines can be used.
- There is no mortgage insurance with VA loans, so there are no additional restrictions related to mortgage insurance.
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
| William James Walton, Sr. | CENTURY21 Access America | 203-633-6189 |
87 Kenfield Lane, Waterbury, CT | | Split level ranch with plenty of space | | | 3BR/2BA Single Family House | | offered at $225,000 | | Year Built | 1953 | | Sq Footage | 1,592 | | Bedrooms | 3 | | Bathrooms | 2 full, 0 partial | | Floors | 2 | | Parking | 1 Car garage | | Lot Size | .20 acres | | HOA/Maint | $0 per month |
DESCRIPTION
| Beautiful split-level ranch with great curb appeal, large yard, grainite countertops and stainless steel appliances in recently updated kitchen. Home is in move-in condition - all it needs is an able buyer. | | | | see additional photos below | | | | | | PROPERTY FEATURES
| - Central A/C |
- Fireplace |
- Hardwood floor |
| - Tile floor |
- Family room |
- Living room |
| - Dining room |
- Dishwasher |
- Refrigerator |
| - Stove/Oven |
- Microwave |
- Granite countertop |
| - Stainless steel appliances |
- Basement |
- Washer |
| - Dryer |
- Laundry area - inside |
- Balcony, Deck, or Patio |
| - Yard |
| |
|
| | |
| ADDITIONAL PHOTOS
 Front View |  Living Room |  Kitchen |  Dining Room |  Master Bedroom |  Bathroom |
|
| | | Contact info: |  |
William James Walton, Sr. |
CENTURY21 Access America |
203-633-6189 |
For sale by agent/broker | |
| | | | | | | Posted: Feb 1, 2010, 8:26am PST | |
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
| William James Walton, Sr. | CENTURY21 Access America | william.walton1@century21.com | 203-633-6189 |
29 Fleetwood Drive, Waterbury, CT | | Split Level Ranch, close to park and golf course | | | 3BR/1+1BA Single Family House | | offered at $169,900 | | Year Built | 1952 | | Sq Footage | 1,206 | | Bedrooms | 3 | | Bathrooms | 1 full, 1 partial | | Floors | 2 | | Parking | 1 Car garage | | Lot Size | .23 acres | | HOA/Maint | $0 per month |
DESCRIPTION
| Charming split level ranch in desirable neighborhood, in move-in condition, within walking distance to neighborhood park and golf course | | | | see additional photos below | | | | | | PROPERTY FEATURES
| - Central A/C |
- Hardwood floor |
- Tile floor |
| - Family room |
- Living room |
- Dining room |
| - Dishwasher |
- Refrigerator |
- Stove/Oven |
| - Microwave |
- Basement |
- Washer |
| - Dryer |
- Laundry area - inside |
|
|
| | |
| ADDITIONAL PHOTOS
 Main view |  Living Room |  Kitchen |  Dining Room |  Master Bedroom |  Bedroom |
|
| | | Contact info: | |
William James Walton, Sr. |
CENTURY21 Access America |
|
203-633-6189 |
For sale by agent/broker | |
| | | | | | | Posted: Feb 2, 2010, 6:09pm PST | |
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
| William James Walton, Sr. | CENTURY21 Access America | 203-633-6189 |
380 Peach Orchard Road, Waterbury, CT | | Ranch style house with plenty of space | | | 3BR/1BA Single Family House | | offered at $124,000 | | Year Built | 1952 | | Sq Footage | 1,296 | | Bedrooms | 3 | | Bathrooms | 1 full, 0 partial | | Floors | Unspecified | | Parking | 1 | | Lot Size | .26 acres | | HOA/Maint | $0 per month |
DESCRIPTION
| Beautiful ranch in move in condition with great curb appeal, close to neighborhood park and golf facility. | | | | see additional photos below | | | | | | PROPERTY FEATURES
| - Family room |
- Living room |
- Dishwasher |
| - Refrigerator |
- Stove/Oven |
- Basement |
| - Laundry area - inside |
- Yard |
|
|
| | |
| ADDITIONAL PHOTOS
 Main View |  Living Room |  Kitchen |  Family Room |  Master Bedroom |  Bathroom |
|
| | | Contact info: | |
William James Walton, Sr. |
CENTURY21 Access America |
203-633-6189 |
For sale by agent/broker | |
| | | | | | | Posted: Feb 1, 2010, 8:06am PST | |
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
| William James Walton, Sr. | CENTURY21 Access America | william.walton1@century21.com | 203-633-6189 |
53 Martone Street, Waterbury, CT | | Bunker Hill 2-Family Home For Sale | | | 5BR/2+1BA Multi-Family, 2 units | | offered at $239,900 | | Year Built | 1959 | | Sq Footage | 2,128 | | Bedrooms | 5 | | Bathrooms | 2 full, 1 partial | | Floors | 2 | | Parking | 1 Car garage | | Lot Size | .130 acres | | HOA/Maint | $0 per month |
DESCRIPTION
| Well maintained Bunker Hill 2-family home in move-in condition, no work needed. | | | | see additional photos below | | | | | | PROPERTY FEATURES
| - Fireplace |
- Living room |
- Dishwasher |
| - Refrigerator |
- Stove/Oven |
- Dryer |
| - Laundry area - inside |
- Yard |
|
|
| | |
| ADDITIONAL PHOTOS
 Front View |  Living Room |  Kitchen #1 |  Kitchen #2 |  Bedroom |  Rear View |
|
| | | Contact info: | |
William James Walton, Sr. |
CENTURY21 Access America |
|
203-633-6189 |
For sale by agent/broker | |
| | | | | | | Posted: Feb 2, 2010, 2:58am PST | |
Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by www.williamsplaces.com !
Courtesy of William James Walton, Sr. , Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)
|
|
William James Walton, Sr. Greater Waterbury Real Estate
Waterbury,
CT
More about me…
Century21 Access America
Address: 750 Watertown Avenue, Waterbury, CT, 06708
Office Phone: (203) 754-5171 x 6189
Cell Phone: (203) 558-7463
Email Me
 Links
Archives
|
;)
;)
