What’s My Waterbury CT Home’s Value August 2016
Search for Homes in Waterbury CT
Currently in Waterbury CT there are 428 active residential listings for sale, with 66 new listings being added in August. The homes for sale in Waterbury CT range from a 1,440 square ft, 3-bedroom REO colonial listed at $23,600 to a 2,374 square ft, 4-bedroom colonial 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 $123,057. The average days on market for these homes are 99 days.
There are currently 76 homes under contract in Waterbury CT, with 26 having gone under contract in August.
In August 2016, 77 homes closed in Waterbury CT. They ranged from a 1,064 square ft, 2-bedroom REO ranch, which sold for $31,500 to a 2,893 square ft, 4-bedroom cape that sold for $299,900. The average price for the closed properties was $101,592 with average DOM of 56 days.
For a comparison, there were 71 closings in Waterbury CT for the month of August 2015, with an average price of $94,052 and avg. days on market of 73. This shows that for August of 2016, there were 6 more homes sold than the same period the previous year, with a 6% average increase in value and less 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 less average days on market.
For the first quarter of 2016, the market sales or absorption rate for Waterbury CT was 53 sales per month, with an average sales value of $88,381 and average days on market of 96. With this rate and the current inventory, there would be a 7+ month absorption rate, which is trending to a neutral market. The Waterbury CT real estate market is showing a slight improvement in values and is working to neutral market.
For the second quarter of 2016, the market sales or absorption rate for Waterbury CT was 59 sales per month, with an average sales value of $102,389 and average days on market of 69. With this rate and the current inventory, there would be a 7+ month absorption rate, which is trending to a neutral market. The Waterbury CT real estate market is showing a slight improvement in values and 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 increase in values for August, could be an indication 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.
August 2016 Real Estate Sales Report for Waterbury CT
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