What’s my Waterbury CT Home’s Value December 2014
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Currently in Waterbury CT there are 378 active residential listings for sale, with 110 new listings being added in December. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom row house listed at $17,000 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 $98,777. The average days on market for these homes are 86 days. There are currently 70 homes under contract in Waterbury CT, with 23 having gone under contract in December.
In December, 45 homes closed in Waterbury CT. They ranged from a 630 square ft, 2 bedroom, bungalow, which sold for $22,560 to a 3,040 square ft, 4-bedroom split level that sold for $262,500. The average price for the closed properties was $99,892 with average DOM of 103 days.
For a comparison, there were 54 closings in Waterbury CT for the month of December 2013, with an average price of $94,964 and avg. days on market of 93. This shows that for December of 2014, there were 9 more homes sold than in the same period the previous year, with a 4% increase in average sales price and more days on market. The Waterbury CT real estate market is showing some signs 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.
For the fourth quarter of 2014, the market sales rate was equivalent to 50 sales per month. The current inventory of homes is equivalent to a 7+ month inventory. The current market is still considered a buyer’s market for the quarter demonstrated strong improvement.
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.
Waterbury CT 2014 Year's End Analysis
For the year 2014, the market sales or absorption rate was 51 sales per month, with an average sales value of $92,025 and average days on market of 87.
For the year 2013, the market sales or absorption rate was 47 sales per month, with an average sales value of $99,587 and average days on market of 103.
For 2014 the sales quantity increased by an average of 4 sales per month from the previous year and the value increased by app 5%. The market in Waterbury CT is showing signs of improvement.
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.
December 2014 Real Estate Sales Report for Waterbury CT
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