October 2016 Real Estate Sales Report for Waterbury CT

By
Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
http://activerain.com/droplet/4XwV

What’s My Waterbury CT Home’s Value October 2016

 October 2016 Real Estate Sales Report for Waterbury CT

Search for Homes in Waterbury CT

Currently in Waterbury CT there are 395 active residential listings for sale, with 71 new listings being added in October. The homes for sale in Waterbury CT range from a 1,210 square ft, 3-bedroom REO colonial listed at $24,500 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 $121,650. The average days on market for these homes are 106 days.

There are currently 65 homes under contract in Waterbury CT, with 26 having gone under contract in October. 

 October 2016 Real Estate Sales Report for Waterbury CT

In October 2016, 48 homes closed in Waterbury CT. They ranged from a 1,056 square ft, 3-bedroom REO colonial, which sold for $28,310 to a 2,460 square ft, 4-bedroom colonial that sold for $200,000. The average price for the closed properties was $92,289  with average DOM of 82 days. 

 

For a comparison, there were 62 closings in Waterbury CT for the month of October 2015, with an average price of $91,820 and avg. days on market of 77. This shows that for October of 2016, there were 14 less homes sold as in the same period the previous year, with a 1% average increase in value and slightly longer 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 longer average days on market. It is a positive for increase in values.

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.

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. 

For the third quarter of 2016, the market sales or absorption rate for Waterbury CT was 72 sales per month, with an average sales value of $104,651 and average days on market of 78. With this rate and the current inventory, there would be a 6+ 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.

 October 2016 Real Estate Sales Report for Waterbury CT

 

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 October, 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.

 

 

 

 October 2016 Real Estate Sales Report for Waterbury CT

 

Posted by

 

Search for all Connecticut homes 

Subscribe

 

 

 

 

Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

Get Help with Short Sale in Connecticut

    www.ctshortsalesilva.com

 

 

 

 

Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,  www.edwardsilva.com  203-206-0754

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Connecticut New Haven County Waterbury
Groups:
Posts to Localism
Market Updates
City and State
Market Reports
2016 Market Reports
Tags:
waterbury ct homes for sale
waterbury ct market satistics
buying homes in waterbury ct
selling homes in waterbury ct

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
3,428,745
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed looks like Waterbury is still struggling with housing sales.  Lets hope that changes in the near future.

Nov 18, 2016 08:19 AM #1
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
2,486,747

Ed Silva

Central CT Real Estate Broker Serving all equally
How Can I help you with Connecticut Real Estate?
*
*
*
*
Spam prevention

Additional Information