What’s My Waterbury CT Home’s Value February 2016
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Currently in Waterbury CT there are 319 active residential listings for sale, with 80 new listings being added in February. The homes for sale in Waterbury CT range from a 3,472 square ft, 3-bedroom REO colonial listed at $9,500 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 $128,997. The average days on market for these homes are 120 days.
There are currently 63 homes under contract in Waterbury CT, with 28 having gone under contract in February.
In February 2016, 58 homes closed in Waterbury CT. They ranged from a 1,554 square ft, 3-bedroom REO cape, which sold for $24,000 to a 3,225 square ft, 4-bedroom colonial that sold for $229,000. The average price for the closed properties was $97,974 with average DOM of 92 days.
For a comparison, there were 41 closings in Waterbury CT for the month of February 2015, with an average price of $93,333 and avg. days on market of 79. This shows that for February of 2016, there were 17 more homes sold than the same period the previous year, with a $4,000 average increase in value and more days on market.
For the year 2015, the market sales or absorption rate was 57 sales per month, with an average sales value of $92,133 and average days on market of 81.
With the current number of homes on the market, and the absorption rate of the previous year this equates to an 6+ month inventory. The Waterbury CT real estate market is showing a slight drop off in values but is working to neutral 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 stabilizing, with the exception of the January 2016 dip, although the significant increase in values for February may be a sign of an improving market.
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 2016 Real Estate Sales Report for Waterbury CT
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