What’s My Waterbury CT Home’s Value October 2016
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.
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.
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.
October 2016 Real Estate Sales Report for Waterbury CT