East Farms-Waterbury CT Real Estate Market Report for June 2015
What does the real estate market look like in the East Farms section of Waterbury CT's East End? Real estate prices in this section of Waterbury CT's East End have dropped over the last year, as have the number of home sales. This leaves plenty of options for buyers looking to buy, but not too many incentives for sellers to put their homes on the market, even with days on market being lower than 3 months and pending prices holding steady.
There are 8 pending sales (under contract), with an average asking price of $104,088, a median asking price of $112,100, and an average of 83 days on market before accepting an offer.
Two homes were sold in East Farms Waterbury CT East End in the month of June, with an average and median sale price of $82,500, and an average of 72 days on market before accepting an offer. By comparison, in June 2014, 5 homes were sold with an average sale price of $108,860, a median sale price of $126,000, and averaging 35 days on market before accepting an offer. This year's figures represent a 24% decrease in average sale prices, and a 105% increase in average days on market, from last year.
So, what does all this mean? Buyers are moving on homes that they see the value in quickly, which are few in number. If you are thinking about selling your home, make sure that you speak with a local realtor who knows the East End Waterbury CT real estate market, will price your home based on market conditions, and will help you to attract buyers who will make offers on your home by giving you tips that will help you to maximize your home's value.
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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 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.