East Farms-Waterbury CT Real Estate Market Report for May 2015
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 the summer selling season with average sale prices continuing to be well above last year's average and days on market are holding steady across both pending and average sales for this time of the year.
There are 22 East Farms-Waterbury CT East End homes for sale, with an average listing price of $118,314 and a median listing price of $113,950.
There are 4 pending sales (under contract), with an average asking price of $100,500, a median asking price of $88,550, and an average of 90 days on market before accepting an offer.
Two homes were sold in East Farms-Waterbury CT in the month of May, with an average and median sale price of $82,750, and an average of 85 days on market before accepting an offer. By comparison, in May 2014, 1 home was sold at $45,000 and 83 days on market before accepting an offer.
So, what does all this mean? Specifically, that homes are not exactly flying off the shelf in this section of Waterbury CT's East End. While days on market are under 3 months for homes that have sold, perhaps sellers need to rethink their strategies considering that their main competition isn't other homeowners, but bank owned homes. Improving your home's curb appeal is one way to woo buyers into making offers; a discussion with your realtor about the price may also be in order.
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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 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.