What’s My Waterbury CT Home’s Value February 2015
Search for Homes in Waterbury CT
Currently in Waterbury CT there are 344 active residential listings for sale, with 110 new listings being added in February. The homes for sale in Waterbury CT range from a 736 square ft, 2-bedroom cape listed at $26,900 to a 1,140 square ft 3-bedroom, horse ranch on 12 acres ranch 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 $119,193. The average days on market for these homes are 127 days.
There are currently 58 homes under contract in Waterbury CT, with 20 having gone under contract in February.
In February 2015, 40 homes closed in Waterbury CT. They ranged from a 784 square ft, 2 bedroom ranch, which sold for $23,105 to a 2,500 square ft, 3-bedroom ranch that sold for $197,000. The average price for the closed properties was $95,695 with average DOM of 80 days.
For a comparison, there were 31 closings in Waterbury CT for the month of February 2014, with an average price of $86,315 and avg. days on market of 94. This shows that for February of 2015, there were 9 more homes sold than in the same period the previous year, with a 10% increase in average sales price and less days on market.
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. The current market is still considered a buyer's market. Using the absorption rate for 2014, the current inventory of homes is equivalent to a 7.5 month inventory. The Waterbury CT real estate market is showing some signs of 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.
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.
February 2015 Real Estate Sales Report for Waterbury CT
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