Special offer

October 2014 Real Estate Market Statistics for Waterbury CT

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

What’s my Waterbury CT Home’s Value  October 2014

 

Waterbury CT Real Estate Market Statistics 

Search for Homes in Waterbury CT

 

Currently in Waterbury CT there are 469 active residential listings for sale, with 69 new listings being added in October. The homes for sale in Waterbury CT range from a 1,404 square ft, 4-bedroom cape selling as a short sale, listed at $22,900 to a 1,140 square ft 3-bedroom, horse ranch on 12 acres ranch listed at $450,000. 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 $122,658. The average days on market for these homes are 128 days.

 

There are currently 87 homes under contract in Waterbury CT, with 27 having gone under contract in October.  

Waterbury CT Real Estate Market Statistcs

 

In October, 51 homes closed in Waterbury CT. They ranged from a 1,896 square ft, 4-bedroom, REO colonial needing re-hab, which sold for $33,500 to a 1,756 square ft, 3-bedroom colonial that sold for $180,000. The average price for the closed properties was $93,703 with average DOM of 94 days.  

 

For a comparison, there were 59 closings in Waterbury CT for the month of October 2013, with an average price of $107,255 and avg. days on market of 111 This shows that for October of 2014, there were less homes sold than in the same period the previous year, with a 12% drop in average sales price and slightly less days on market. The Waterbury CT real estate market is showing little sign of improvement.

 

For the year of 2013, the market sales or absorption rate in Waterbury CT was 47 sales per month, with an average sales value of $99,640 and average days on market of 103.

 

For the first quarter of 2014, the market sales rate was equivalent to 39 sales per month, which is 15% lower than the average value for 2013.

 

For the second quarter of 2014, the market sales rate was equivalent to 56 sales per month, which is 20% greater than the average value for 2013.

 

For the third quarter of 2014, the market sales rate was equivalent to 58 sales per month, which is 22% greater than the average value for 2013. Using the third quarter absorption rate, the current inventory of homes is equivalent to a 9+ month inventory. The current market is still considered a buyer’s market. 

October 2014 Real Estate Market Statistics for Waterbury CT 

 The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month. The values in Waterbury CT have not yet started to stabilize and are still showing strong month to month fluctuations.

 

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.

 

 October 2014 Real Estate Sales Report for Waterbury CT

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

My Blog
Email Me
EdSilvaCTrealestate.com


C:  203-206-0754
Call or Text

O:  203-758-6440

 

Do you know anyone who is behind on their mortgage and doesn't know what to do? I may be able to help them. I am an experienced Short Sale Broker

Short Sales in Connecticut

 

Search all active Connecticut listings

 

 

Comments (4)

Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hello Ed, there's a heallthy number of inventory in Waterbury CT, there's a home for every buyer. It's great to see some fresh inventory in the month of October. Hope you have a great November.

Nov 04, 2014 04:48 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Ed, Great Market report. Buyers and Seller will appreciate your report.

Nov 04, 2014 09:50 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. Not an easy market throughout CT and now there will be more of the same. Great job with your report for Waterbury.

Nov 04, 2014 06:15 PM
ActiveRain City and State Listing Group
Christiansted, VI

Appealing layout, specific market location identified by City and State, along with useful information designed to attract buyers and sellers to you is what the Group City & State: Listings and Market Reports is all about. Nice job.

Nov 04, 2014 10:20 PM