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What’s the Naugatuck CT Real Estate Market Doing?

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

What’s the Naugatuck CT Real Estate Market Doing?

 

 Naugatuck Ct Market Statistics

 

Currently in Naugatuck CT there are 185 active residential listings for sale, with 35 new listings being added in July. The homes for sale in Naugatuck CT range from a 728 square ft, 1-bedroom mobile home, listed at $37,700 to a 3,201 square ft, 4-bedroom, colonial listed at $599,900.

 

 

Search for Homes in Naugatuck CT

 

The average list price of the homes currently available for sale in Naugatuck CT is $201,028. The average days on market for these homes are 113 days. In addition, there are currently 24 homes under contract in Naugatuck CT, with 5 having going under contract in July.

 

Naugatuck CT Market Statistics

 

 

In July, 30 homes closed in Naugatuck CT. They ranged from a 726 square ft, 1-bedroom mobile home, which sold for $15,000 to a 3,185 square ft, 4-bedroom colonial which sold for $340,000. The average price for the homes that closed in July in Naugatuck CT was $182,718 with an average days on market of 95 days.  The closed properties had a Sales price to List price ratio of 97.8%.

 

By comparison, there were 13 closings in Naugatuck CT for the month of July 2012, with an average sales price of $161,354 and avg. days on market of 148. This indicates that for July of 2013, there were twice as many homes sold compared to July 2012, at an average price almost 12% higher with less time on market, which would demonstrate an improved market.

 

For the year 2012, the market sales or absorption rate was 18 sales per month, with an average sales value of $156,902 and average days on market of 118.

 

For the first quarter of 2013, the market sales or absorption rate for Naugatuck CT was 17 sales per month, with an average sales value of $160,051 and average days on market of 97.

 

For the second quarter of 2013, the market sales or absorption rate for Naugatuck CT was 25 sales per month, with an average sales value of $166,473 and average days on market of 97.

 

This would project that the current inventory of homes is equivalent to a 7+ month inventory, which is a still a buyer’s market.

 

 Naugatuck CT Real Estate MArket Statistics

 

The graph demonstrates the average monthly sales value in Naugatuck CT for a 12 month span with strong fluctuations from month to month. The values in Naugatuck CT appear to have stabilized over the past 4 months. 

 

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 Naugatuck 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 Naugatuck CT.

 

 

What’s the Naugatuck CT Real Estate Market Doing?

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (5)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed all of the stars seem to be lining up the right way for Naugatuck, it would be nice to see that trend continue.

Aug 28, 2013 03:32 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

What an excellent market report for Naugatuck Ct . You are the area expert for the area and buyers and sellers should call Ed Silva at 203 206 0754 I know that I will call Ed when I have clients that are moving to this area because he is the area expert and will take the best care of the clients I refer to him .

Aug 28, 2013 11:15 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

George, it is a positive report for Naugatuck, and the trend in values is upward.

Hannah, thanks for stopping and for the plug

Aug 28, 2013 12:43 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, sure looks like the values in Naugatuck have remained very steady for the last year.   Great market report.

Aug 28, 2013 11:29 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Joan, they have had their ups and downs, but it appears that they are headed in a positive direction. Thanks for stopping

Aug 28, 2013 11:42 PM