December 2, 2023 Market Trends For Waterbury CT's West End Side, Zip 06708

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

December 2, 2023 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.

 December 2, 2023 Market Trends For Waterbury CT's West End Side, Zip 06708

There are currently 27 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 $290,685 with average days in market of 43. There are also currently 14 properties under pending status and 16 properties under hard deposit contracts.

For the first 11 months of this year there have been 239 closed listings in the 06708 zip code of Waterbury with an average sales price of $277,300 and average days on market of 38.  In addition, the closed properties sold at 101% of list.

This suggests an absorption rate of almost 28 sales per month which means the current inventory is slightly less than 1 months' worth of sales. It also suggests that new listings will be highly competitive.

The same period in 2022 saw 300 closings with an average sales price of $254,066 and average days on market of 38. This represents an increase in values of 8% with a slight increase in number of homes sold.

Sold prices were at 101% of list so little to no room is there for negotiations and activity is brisk on new listings.

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.

 

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.

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December 2, 2023 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 (9)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed the pattern seems to be consistent throughout CT.  Sales numbers are down from last year, BUT sales prices are up.

Dec 02, 2023 01:35 PM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Thanks for sharing your market update.  Great information for buyers and sellers in your area.
Dec 03, 2023 03:44 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

You always provide such a great market report for Waterbury and I am sure people know you as a trustworthy agent there.

Dec 03, 2023 04:07 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Ed (Edward) Silva, 203-206-0754 - the price of homes you mentioned sounds very reasonable for your area in Connecticut. Although winter may get cold, the Autumn Leaves and all the glorious foilage compensates for the weather. That to me, is the big bonus!

Dec 03, 2023 07:26 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Ed, We are seeing this all over. Real estate transaction volumes have decreased compared to the previous year, YET property prices have seen an increase!

Dec 03, 2023 07:39 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Ed... who said the market is crashing? We are seeing similar trends in our area, as well.

Dec 03, 2023 07:52 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Ed and thank you for sharing your market report for this area with us here in the Rain.  Make it a great day!

 

Dec 03, 2023 09:15 AM
Roy Kelley
Retired - Gaithersburg, MD

Families considering a move to the area will appreciate your local real estate reports.

Have an outstanding week.

Dec 03, 2023 12:23 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

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

Dec 08, 2023 09:21 AM