Waterbury CT Real Estate Sales Report for December 2011
Currently in Waterbury CT there are 438 active residential listings for sale, with 68 new listings being added in December. The homes for sale in Waterbury CT range from a 3,166 square ft, 4-bedroom corporate owned colonial in need of complete re-hab, for $15,000 to a 3,850 square ft, 3-bedroom, colonial listed at $399,900. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
The average list price of the homes currently available for sale in Waterbury CT is $16,135. The average days on market for these homes is 160 days. There are currently 78 homes under contract in Waterbury CT, with 18 having gone under contract in December.
In December, 47 homes closed in Waterbury CT. They ranged from a 1,300 square ft, 3-bedroom, new construction raised ranch that sold for $212,000 to a 1,102 square ft, 4-bedroom, REO cape, in need of rehab that sold for $23,000 The average price for the closed properties was $99,540 with average DOM of 113 days. The closed properties had a Sales price to List price ratio of 90%.
There were 35 closings in Waterbury CT for the month of December 2010, with an average price of $106,255 and avg. days on market of 80. This shows in 2011 more homes were sold at a slightly lesser value with less time on market.
For the first 10 months of 2011, the market sales or absorption rate was 40 sales per month, with an average sales value of $115,216 and average days on market of 99. The current inventory of homes is equivalent to a 11+-month inventory.
There are currently 116 active condos for sale Waterbury CT. They range in price from $249,900 for a 1,300 sq ft, 3-bedroom, over 55 condo to $ 25,000 for a 1-bedroom, 540 sq ft ranch style condo. Average days on market for condos is 156.
Thirteen (13) condos are currently under contract in Waterbury CT, three having gone under contract in the month of December. Fourteen (14) condos closed in the month of December in Waterbury CT. They ranged from a 1,158 Sq Ft 2-bedroom town house unit, which sold for $121,000 to a 2-bedroom, 1,008, sq ft REO town house unit that, sold for $41,700. For the condos, there was an average sales value of $36,531 and average days on market of 65.
For sellers it is essential to have a sales price on your home consistent with the most recent activity. We offer free market evaluations to assist you in your sale.
If you would like information on homes for sale in Waterbury CT, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Waterbury CT.
Waterbury CT Real Estate Sales Report for December 2011
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6 Comments on Waterbury CT Real Estate Sales Report for December 2011
Lots of data an mostly positve. Keep spreading the word. We have to get the news out when it is good.
The second one looks like a spin top :) Peretty neataroo!
As always a stella Waterbury market report. Your home prices are across the board.
Ed - Great, local real estate market report. You've given both buyers and sellers a lot of good information to use. Loved the photos. Nicely done!
Kevin the area is trying to rebound but the distressed listings own the market right now
L or C that entire section of Waterbury CT has homes that go back 150 years and are so unique for their style
Ellie, regardless of what the suburbs are doing there is always a home for sale and affordable in Waterbury. The majority of area first time buyers buy in Waterbury because of that.
Laura, Thank you. I was late in getting this particular one up as I forgot it in draft mode.
Ed, that seems like a lot of new inventory in December. 68 new listings? However, based on the low DOM in your area, it looks like home sellers are trying to get into a "hot" Waterbury, CT real estate market.