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Naugatuck Real Estate Sales Report for September 2013

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

Naugatuck Real Estate Sales Report for September 2013

Naugatuck CT Real Estate Market statistics

Search for Homes in Naugatuck CT

Currently in Naugatuck CT there are 181 active residential listings for sale, with 32 new listings being added in September. 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.

 

 

The average list price of the homes currently available for sale in Naugatuck CT is $203,697. The average days on market for these homes are 111 days. In addition, there are currently 18 homes under contract in Naugatuck CT, with 5 having going under contract in September.

NAugatuck CT mid Value Sold

 

In September, 18 homes closed in Naugatuck CT. They ranged from a 940 square ft, 3-bedroom mobile home, which sold for $37,700 to a 1,771 square ft, 3-bedroom new construction raised ranch which sold for $271,000. The average price for the homes that closed in September in Naugatuck CT was $145,061 with an average days on market of 76 days.  The closed properties had a Sales price to List price ratio of 95.6%.

By comparison, there were 18 closings in Naugatuck CT for the month of September 2012, with an average sales price of $182,739 and avg. days on market of 102. This indicates that for September of 2013, there were the same number of homes sold as in September 2012, but at an average price almost 25% lower with less time on market, which would demonstrate an unstable 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.

For the third quarter of 2013, the market sales or absorption rate for Naugatuck CT was 23 sales per month, with an average sales value of $164,853 and average days on market of 89.

This would project that the current inventory of homes is equivalent to an 8 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 not yet stabilized.

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 Sales Report for September 2013

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (6)

Kim Carlson 480-993-9384
www.NowSellingAZHomes.com - Mesa, AZ
Valley of the Sun Realtor, Seller Specialist

Looks like Aug. and Sept. are still good for buyers! Best wishes on a successful closing.

Oct 07, 2013 11:25 PM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good morning Ed.  You have provided some great information ont he real estate market in Naugatuck.  You would be the REALTOR I relied on for my real estate needs my friend.

Oct 07, 2013 11:35 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Looks like you are getting close to a seller's market there in Naugatuck Ed. Wishing you many successful sales in this last quarter of 2013!

Oct 08, 2013 05:30 AM
Juli Vosmik
Dominion Fine Properties - Scottsdale, AZ
Scottsdale/Cave Creek, AZ real estate 480-710-0739

Ed, great analysis of your Naugatuck real estate market.  Still a buyer's market but values holding steady.  

Oct 08, 2013 07:09 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed it would be nice to see more areas with those days on the market, and hopefully the other statistics will begin to improve soon.

Oct 08, 2013 10:24 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Excellent report, as usual. The report is easy to understand especially for buyers and sellers. You sure do know this market very well.

Oct 08, 2013 07:47 PM