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Naugatuck Real Estate Market Report for Aug 2013

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

Naugatuck Real Estate Market Report for Aug 2013

Currently in Naugatuck CT there are 175 active residential listings for sale, with 33 new listings being added in August. The homes for sale in Naugatuck CT range from a 728 square ft, 1-bedroom mobile home, listed at $37,500 to a 15,188 square ft, 9-bedroom, English Manor colonial listed at $799,000.

 Naugatuck CT Aug 2013 Mid VAlue Active

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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 17 homes under contract in Naugatuck CT, with 9 having going under contract in August.

 nAUGATUCK CT Aug 2013 Mid Value Sold

 

In August, 20 homes closed in Naugatuck CT. They ranged from a 832 square ft, 1-bedroom mobile home, which sold for $16,000 to a 2,661 square ft, 4-bedroom colonial which sold for $335,000. The average price for the homes that closed in August in Naugatuck CT was $155,869 with an average days on market of 90 days. The closed properties had a Sales price to List price ratio of 95.23%.

 

By comparison, there were 13 closings in Naugatuck CT for the month of August 2012, with an average sales price of $161,354 and avg. days on market of 148. This indicates that for August of 2013, there were twice as many homes sold compared to August 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.

 NAugatcuk sale sstatistics

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 be starting to stabilize.

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.

Naugatuck Real Estate Market Report for Aug 2013

 

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Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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EdSilvaCTrealestate.com


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