Naugatuck Real Estate Sales Report for December 2013
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Currently in Naugatuck CT there are 162 active residential listings for sale, with 17 new listings being added in December. The homes for sale in Naugatuck CT range from a 1,154 square ft, 2-bedroom colonial needing complete re-hab, listed at $29,000 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 $199,302. The average days on market for these homes are 152 days. In addition, there are currently 16 homes under contract in Naugatuck CT, with 10 having going under contract in December.
In December, 23 homes closed in Naugatuck CT. They ranged from a 804 square ft, 2-bedroom mobil home, which sold for $36,000 to a 2,000 square ft, 3-bedroom new construction, colonial which sold for $313,500. The average price for the homes that closed in December in Naugatuck CT was $151,852 with average days on market of 85 days. The closed properties had a Sales price to List price ratio of 96.4%.
By comparison, there were 13 closings in Naugatuck CT for the month of December 2012, with an average sales price of $156,615 and avg. days on market of 114. This indicates that for December of 2013, there were 80% more homes sold as in December 2012, but at an average price almost 2% lower with less time on market, which would demonstrate an increased market over the 12 month period.
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.
For the fourth quarter of 2013, the market sales or absorption rate for Naugatuck CT was 10 sales per month, with an average sales value of $168,170 and average days on market of 107. This would project that the current inventory of homes is equivalent to a 12+ month inventory, which is a still a buyer’s market.
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 December 2013
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