What’s My Waterbury CT Home’s Value October 2015
Search for Homes in Waterbury CT
Currently in Waterbury CT there are 438 active residential listings for sale, with 92 new listings being added in October. The homes for sale in Waterbury CT range from a 2,281 square ft, 4-bedroom REO colonial listed at $9,900 to a 4,222 square ft, 2-bedroom, ranch listed at $650,000. 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 $127,090. The average days on market for these homes are 115 days. There are currently 72 homes under contract in Waterbury CT, with 23 having gone under contract in October.
In October 2015, 60 homes closed in Waterbury CT. They ranged from a 1,102 square ft, 3-bedroom ranch, which sold for $23,000 to a 5,073 square ft, 5-bedroom Victorian Colonial that sold for $280,000. The average price for the closed properties was $91,657 with average DOM of 78 days.
For a comparison, there were 58 closings in Waterbury CT for the month of October 2014, with an average price of $96,902 and avg. days on market of 92. This shows that for October of 2015, there were 2 more homes sold than the same period the previous year, and with a 3% decrease in value 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.
For the first quarter of 2015, the market sales or absorption rate for Waterbury CT was almost 43 sales per month, with an average sales value of $89,252 and average days on market of 89.
For the second quarter of 2015, the market sales or absorption rate for Waterbury CT was almost 41 sales per month, with an average sales value of $92,710 and average days on market of 85.
For the third quarter of 2015, the market sales or absorption rate for Waterbury CT was almost 67 sales per month, with an average sales value of $94,433 and average days on market of 71.
With the current number of homes on the market, the absorption rate equates to an 7+ month inventory. The Waterbury CT real estate market is showing a slight drop off from the first quarter sales but working to an improving market.
The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month. The values in Waterbury CT are showing some signs of improving.
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 2015 Real Estate Sales Report for Waterbury CT
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