December 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/4YKg

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

 December 2016 Real Estate Sales Report for Waterbury CT

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.   

 December 2016 Real Estate Sales Report for 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.

 

 December 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, 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.

 

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 December 2016 Real Estate Sales Report for Waterbury CT

 

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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

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Rainmaker
3,356,480
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Ed Silva ,

Excellent real estate market report for Waterbury CT! You have a form handle on your market area and I'm sure possible sellers and buyers read your reports. I am amazed at the affordable prices!

Jan 12, 2017 05:19 AM #1
Rainmaker
2,705,443
Sally K. & David L. Hanson
Keller Williams 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce - Short Sale

Smart sellers know that real estate changes...as do prices....and calling Ed Silva will make your house sell competitively at the best price !

Jan 12, 2017 05:20 AM #2
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Ed Silva
RE/MAX Professionals, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Dorie Dillard   The towns values have been low for years and this is a positive for all current residents thinking of selling.  Thanks for stopping to comment.

Sally K. & David L. Hanson   Thank you for the gentle nudge and for taking the time to stop and comment

Jan 12, 2017 05:52 AM #3
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