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Naugatuck Real Estate Sales Report for March 2014

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

Naugatuck CT Real Estate Statistics for March 2104

 Naugatuck Real Estate Sales Report for March 2014

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Currently in Naugatuck CT there are 182 active residential listings for sale, with 34 new listings being added in March. The homes for sale in Naugatuck CT range from a 784 square ft, 2-bedroom mobile home, listed at $29,900 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 $207,768. The average days on market for these homes are 127 days. In addition, there are currently 18 homes under contract in Naugatuck CT, with 5 having going under contract in March.

Naugatuck Real Estate Sales Report for March 2014

 

In March, 14 homes closed in Naugatuck CT. They ranged from a 728 square ft, 1-bedroom mobile home, which sold for $27,000 to a 1,908 square ft, 3-bedroom, colonial which sold for $259,900. The average price for the homes that closed in March in Naugatuck CT was $122,243 with average days on market of 106 days.  The closed properties had a Sales price to List price ratio of 92%.

By comparison, there were 17 closings in Naugatuck CT for the month of March 2013, with an average sales price of $172,032 and avg. days on market of 98. This indicates that for March of 2014, there were 3 less homes sold as in March 2013, but at an average price almost 35% lower with more time on market, which would demonstrate a decreased market over that period.

For the year 2013, the market sales or absorption rate was 22 sales per month, with an average sales value of $164,270 and average days on market of 94. This would project that the current inventory of homes is equivalent to a 8 month inventory, which is a still a buyer’s market.

 Naugatuck Real Estate Sales Report for March 2014

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 March 2014

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Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (3)

John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

REALTOR Ed Silva you certainly know the Naugatuck CT real estate market well.

Apr 29, 2014 10:52 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed those figures are not the direction we want to go in.  I keep on saying the market has to change and hopefully that will happen sooner than later.

Apr 29, 2014 11:09 AM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Thanks, John, I wish I was able to report more activity.

George, the market is not moving in a postiive direction in Naugatuck

Apr 29, 2014 11:13 AM