What’s My Waterbury CT Home’s Value April 2015
Currently in Waterbury CT there are 440 active residential listings for sale, with 81 new listings being added in April. The homes for sale in Waterbury CT range from a 1,808 square ft, 4-bedroom REO colonial listed at $20,000 to a 2,200 square ft, new construction 3-bedroom, raised ranch listed at $379,900. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
The average list price of the homes currently available for sale in Waterbury CT is $122,425. The average days on market for these homes are 98 days.
There are currently 66 homes under contract in Waterbury CT, with 30 having gone under contract in April.
In April 2015, 45 homes closed in Waterbury CT. They ranged from a 784 square ft, 3 bedroom REO cape, which sold for $25,125 to a 1,848 square ft, 4-bedroom raised ranch that sold for $160,000. The average price for the closed properties was $82,364 with average DOM of 89 days.
For a comparison, there were 45 closings in Waterbury CT for the month of April 2014, with an average price of $86,012 and avg. days on market of 111. This shows that for April of 2015, there were the same number of homes sold within the same period the previous year, but with a slight decrease in value and less days on market.
For the year 2014, the market sales or absorption rate was 51 sales per month, with an average sales value of $92,025 and average days on market of 87.
For the year first quarter of 2014, the market sales or absorption rate for Waterbury CT was almost 6 sales per month, with an average sales value of $107,928 and average days on market of 90. With the current inventory of homes, this is equivalent to 42 sales per month. With the current number of homes on the market, the absorption rate equates to an 10+ month inventory. The Waterbury CT real estate market is showing some small signs of improvement.
The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month. The values in Waterbury CT have not yet started to stabilize and are still showing strong month to month fluctuations.
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.
April 2015 Real Estate Sales Report for Waterbury CT