June 2022 Market Trends For Waterbury CT's West End Side, Zip 06708

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

June 2022 Market Trends For Waterbury CT's West End Side, Zip 06708

The 06708 Zip code encompasses the west side of Waterbury with 4 neighborhoods known as Brooklyn, Town Plot, Lower and Upper Bunker Hill. It is also the largest zip code in Waterbury.

 

There are currently 37 active listings in the 06708 zip code with the average value of the homes for sale in Waterbury's 06708 zip code available for sale is $293,300 with average days in market of 43. There are also currently 62 properties under show or hard deposit contracts.

 

For the year 2021 year there were 430 closed listings in the 06708 zip code of Waterbury with an average sales price of $225,836 and average days on market of 38. This suggests an absorption rate of 36 sales per month which means the current inventory is less than 1 month worth of sales. It also suggests that new listings will be highly competitive.

Through almost 6 months of this year, there have been 131 closed slaes in this zip code, which would be lagging the number of sales for the year if the trend does not continue, which may not happen due to less inventory and higher interest rates. The average value of homes sold in this zip code to date is $248,082 with days on market of 35. This is an increase in value of 9%

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.

 

Search for Homes in Waterbury CT Zip 06708 

If you would like information on homes for sale in Waterbury CT zip code 06708, please call me at 203-206-0754 or send me an email at easilva48@comcast.net.   I would be happy to assist you or to discuss homes on the market in zip code 06708 of Waterbury CT.

June 2022 Market Trends For Waterbury CT's West End Side, Zip 06708

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Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (7)

Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

HI Ed... your market might also be softening a tad... but home prices continue to increase and until we get some more inventory they will continue to do so.

Jun 28, 2022 08:38 AM
Eric Bouler
Gardner Realtors, Licensed in La. - New Orleans, LA
Listening to your Needs

Great Results. Have a great Summer with selling and buying places for your clients.

Jun 28, 2022 08:50 AM
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Good morning Ed Silva, some are waiting for home prices to decline, I just don't see it. I know real estate is local and this may be true in some parts of the country. Waterbury CT homeowners thinking about selling would be wise to contact you today.

Jun 28, 2022 08:52 AM
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Waterbury seems like such a nice place to live.  I hope that I will one day get to visit the area and meet you!

Jun 28, 2022 10:32 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed it will continue to be a strong Sellers Market until the inventory increases.

Jun 28, 2022 03:52 PM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, thanks for sharing the market update for Waterbury, and nice to see homeowners are still seeing increasing prices.

Jun 29, 2022 06:33 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Waterbury home buyers and sellers are sure to value your real estate market report, Ed.

Jun 30, 2022 12:32 PM