Waterbury CT Real Estate Sales Report for December 2013
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Currently in Waterbury CT there are 405 active residential listings for sale, with 64 new listings being added in December. The homes for sale in Waterbury CT range from a 1,210 square ft, 4-bedroom REO colonial listed at $13,000 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 $116,763. The average days on market for these homes are 132 days. There are currently 68 homes under contract in Waterbury CT, with 18 having gone under contract in December.
In December, 53 homes closed in Waterbury CT. They ranged from a 1,170 square ft, 3-bedroom, cape, needing re-hab that sold for $23,000 to a 3,815 square ft, 4-bedroom colonial that sold for $262,000. The average price for the closed properties was $95,435 with average DOM of 90 days.
For a comparison, there were 54 closings in Waterbury CT for the month of December 2012, with an average price of $112,450 and avg. days on market of 110. This shows that for December of 2013, there were the same number of homes sold, with an average decrease of $17,000 in sales prices but with less 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.
For the fourth quarter of 2013, the market sales rate was equivalent to 52 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 8 month inventory. The current market is still considered a buyer’s market.
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 December 2013
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