East Farms-Waterbury CT Real Estate Market Report for January 2014
What does the real estate market look like in the East Farms section of Waterbury CT's East End? Well, the market in this section of Waterbury's East End begins 2014 on a positive note, with a fourth of the current inventory under deposit, and average sale prices continuing to be well above last year's average. Now continues to be an opportune time for potential sellers to get off of the fence, as there is less competition and thus more demand.
There are 20 East Farms-Waterbury CT East End homes for sale, with an average listing price of $122,570 and a median listing price of $124,900.
There are 7 pending sales (under contract), with an average asking price of $112,014 and a median asking price of $120,000.
Three homes were sold in East Farms-Waterbury CT in the month of January, with an average sale price of $102,667 and a median sale price of $123,000. By comparison, in January 2013, 2 homes were sold with an average and median sale price of $64,500.
The chart below shows the difference between the listing and sales prices for the homes sold in January, as well as the number of days that those properties were on the market before an offer was made and accepted.
So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your neighborhood, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer's interest due to its curb appeal and other factors. If you are a buyer, this tells you how many homes there are on the market in this neighborhood and what price range the typical home in this neighborhood sells for.
If you want more information on East Farms-Waterbury CT, you can visit these blog posts:
Are you looking for a home in the East Farms section of Waterbury’s East End? Click on East Farms-Waterbury CT homes for sale to search for homes in your price range.
For more details about the East Farms-Waterbury CT market and to determine if this is the right time to sell, call me at (203) 558-7463(203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to helping or discussing with you East Farms-Waterbury CT East End homes for sale.
©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.