Waterbury CT Real Estate Sales Report for September 2013
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Currently in Waterbury CT there are 480 active residential listings for sale, with 95 new listings being added in September. The homes for sale in Waterbury CT range from a 1,863 square ft, 6-bedroom REO colonial listed at $20,000 to a 1,889 square ft, 3-bedroom, Federalist colonial, on 16 acres listed at $500,000. 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 $124,762. The average days on market for these homes are 129 days.
There are currently 78 homes under contract in Waterbury CT, with 16 having gone under contract in September.
In September, 41 homes closed in Waterbury CT. They ranged from a 2,556 square ft, 4-bedroom, colonial, needing re-hab that sold for $25,000 to a 2,516 square ft, 3-bedroom split level that sold for $230,000. The average price for the closed properties was $99,240 with average DOM of 107 days.
For a comparison, there were 58 closings in Waterbury CT for the month of September 2012, with an average price of $97,255 and avg. days on market of 74. This shows that for September of 2013, there were less homes sold, with an average increase of almost $2,000 in sales prices but with longer days on market.
For the year of 2012, the market sales or absorption rate in Waterbury CT was 46 sales per month, with an average sales value of $98,000 and average days on market of 103.
For the first quarter of 2013, the market sales rate was equivalent to 35 sales per month, which is 25% lower than the value for 2012.
For the second quarter of 2013, the market sales rate was equivalent to 52 sales per month, which is 60% greater in units sold.
For the third quarter of 2013, the market sales rate was equivalent to 50 sales per month, which is slightly larger than the previous quarter for units sold. Using the same absorption rate, the current inventory of homes is equivalent to a 9+ month inventory. The current market is still considered a strong buyer’s market, but shows signs of improvement with higher values and more sales per month.
The graph demonstrates the average monthly sales value in Waterbury CT for 2013 with strong fluctuations from month to month. The values in Waterbury CT may have started to stabilize.
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 September 2013
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