What’s My Naugatuck CT Home Worth in November 2016

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Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001
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Naugatuck CT Real Estate Statistics for November 2016

 

 What’s My Naugatuck CT Home Worth in November 2016

 

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Currently in Naugatuck CT there are 160 active residential listings for sale, with 11 new listings being added in November. The homes for sale in Naugatuck CT range from a 720 square ft, 2-bedroom mobile home, listed at $31,900 to a 1,276 square ft, 3-bedroom English Manor house listed at $749,000.

The average list price of the homes currently available for sale in Naugatuck CT is $191,645. The average days on market for these homes are 189 days. In addition, there are currently 26 homes under contract in Naugatuck CT, with 9 having going under contract in November.

 

 What’s My Naugatuck CT Home Worth in November 2016

In November, 27 homes closed in Naugatuck CT. They ranged from a 504 square ft, 1-bedroom mobile home, which sold for $14,000 to a 2,232 square ft, 4-bedroom colonial which sold for $298,700. The average price for the homes that closed in November in Naugatuck CT was $163,369 with average days on market of 84 days.  The closed properties had a Sales price to List price ratio of 93.4%.

 

By comparison, there were 28 closings in Naugatuck CT for the month of November 2015, with an average sales price of $152,050 and avg. days on market of 89.  This indicates that for November of 2016, there was 1 less home sold than in November 2015, and at an average price almost 8% greater with similar days on market, which would demonstrate an increased market for values and less time on market.  This shows a slightly improving market for value only.

For the year 2015, the market sales or absorption rate was 25 sales per month, with an average sales value of $152,908 and average days on market of 97. Using the rate for 2015 for current inventory would give Naugatuck CT a 7 month inventory of homes.

For the first quarter of 2016, the market sales or absorption rate for Naugatuck CT was 17 sales per month, with an average sales value of $148,304 and average days on market of 78.

For the second quarter of 2016, the market sales or absorption rate for Naugatuck CT was 30 sales per month, with an average sales value of $166,814 and average days on market of 76.

For the third quarter of 2016, the market sales or absorption rate for Naugatuck CT was 30 sales per month, with an average sales value of $158,241 and average days on market of 80. This rate with the current inventory would be a 7+ month absorption rate. The current market is still considered a buyer’s market.

 

 

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 be trying to not only stabilize but an indication of an appreciation for value as well.

 

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 evaluating your home for possible 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.

 

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What’s My Naugatuck CT Home Worth in November 2016

 

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Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,  www.edwardsilva.com  203-206-0754

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Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ed Silva,  What is the home worth?  Well you are the Realtor that sellers should be calling to find out.   Merry Christmas.

 

Dec 23, 2016 11:15 AM #1
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
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Ed not much of a difference in the housing market in Naugatuck from last year.  Hopefully we will see the market responding positively in 2017

Dec 23, 2016 04:10 PM #2
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