Meriden\Woodtick Waterbury CT-Real Estate Market Report for June 2015
What does the real estate market look like in the Meriden\Woodtick area of Waterbury CT's East End? Real estate prices have been dropping rather erratically over the past year, with rises in price corresponding to drops in the number of homes sold, and vice versa: lower prices mean more homes sold. Days on market are still below three months, but pending prices are holding steady with average sales prices, so home owners thinking about selling might want to think a little longer about it.
There are 12 pending sales (under contract), at an average asking price of $99,571, a median asking price of $86,950, and an average of 107 days on market before accepting an offer.
8 homes were sold in Meriden\Woodtick-Waterbury CT East End in the month of June, at an average sale price of $74,779, a median sale price of $63,500, and averaging 75 days on market before accepting an offer. By comparison, in June 2014, 5 homes were sold in the Meriden\Woodtick section of Waterbury’s East End, an average sale price of $108,501, a median sale price of $115,000, and averaging 55 days on market before accepting an offer. This year's figures represent a 31% decrease in average sale prices, and a 36% increase in average days on market, from last year.
So, what does all this mean? Buyers are making offers on homes that are reasonably priced, and sellers aware of the current real estate market in the East End of Waterbury CT are accepting those offers. Buyers are willing to pay for homes that they see the value in, so if you want to get offers before three months and at top dollar, speak with a local realtor who knows the East End Waterbury CT real estate market, will price your home based on current market conditions, and will help you to attract buyers who will make offers by providing you with tips to maximize your home's value.
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Are you looking for a home in the Meriden\Woodtick section of Waterbury’s East End? Click on East End-Waterbury CT homes for sale to search for Meriden\Woodtick and other Waterbury CT East End homes in your price range.
For more details about the Meriden\Woodtick-Waterbury CT East End market and to determine if this is the right time to sell, call (203) 558-7463 in order 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 Meriden\Woodtick-Waterbury CT East End homes for sale.