What’s My Waterbury CT Home’s Value December 2016
Search for Homes in Waterbury CT
Currently in Waterbury CT there are 331 active residential listings for sale, with 51 new listings being added in December. The homes for sale in Waterbury CT range from a 840 square ft, 2-bedroom REO colonial listed at $19,900 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 $121,526. The average days on market for these homes are 108 days. There are currently 69 homes under contract in Waterbury CT.
In December 2016, 64 homes closed in Waterbury CT. They ranged from a 728 square ft, 2-bedroom REO cape, which sold for $29,500 to a 2,470 square ft, 3-bedroom colonial that sold for $222,000. The average price for the closed properties was $105,980 with average DOM of 86 days.
For a comparison, there were 70 closings in Waterbury CT for the month of December 2015, with an average price of $89,689 and avg. days on market of 90. This shows that for December of 2016, there were 6 less homes sold than in the same period the previous year, with a 3% average increase in value and 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.
For the fourth quarter of 2016, the market sales or absorption rate for Waterbury CT was 58 sales per month, with an average sales value of $98,339 and average days on market of 80. 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.
For the year 2016, the market sales or absorption rate was 61 sales per month, with an average sales value of $99,306 and an average of 80 days on market. It is a positive for increase in values. This represents an overall increase in value of 8% over the previous year which is a positive for values in 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, along with an increase in values over the previous year.
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.
December 2016 Real Estate Sales Report for Waterbury CT
