East Mountain-Waterbury CT Real Estate Market Report for January 2014
What does the real estate market in East Mountain-Waterbury, CT look like? Well, the real estate market in this neighborhood starts 2014 on a positive note, with about a third of the current inventory under deposit, average pending prices holding steady from last month and average sale prices well above where they were last year. This should provide hope for future East Mountain sellers looking ahead to the spring selling season.
There are 12 East Mountain--Waterbury CT homes for sale, with an average listing price of $151,092 and a median listing price of $149,950.
There are 5 Pending sales (under contract), with an average asking price of $144,760 and a median asking price of $119,900.
Two homes were sold in East Mountain-Waterbury CT in the month of January, with an average and median sale price of $152,725. By comparison, in January 2013, 2 homes were sold in East Mountain-Waterbury CT, with an average and median sale price of $121,500.
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.
The East Mountain neighborhood is one of the few in Waterbury CT so far that has its own website, so to get a look at what's happening in the East Mountain neighborhood of Waterbury CT, stop by http://www.eastmountainct.com/.
If you are looking for more information about East Mountain-Waterbury CT, you can visit the following blog posts:
Are you looking for a home in East Mountain-Waterbury CT? Click on East Mountain-Waterbury CT homes for sale to search for homes in your price range.
For further information about the East Mountain-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 discussing with you East Mountain-Waterbury CT homes for sale.