What’s My Waterbury CT Home’s Value April 2016
Currently in Waterbury CT there are 385 active residential listings for sale, with 64 new listings being added in April. The homes for sale in Waterbury CT range from a 1,614 square ft, 3-bedroom REO colonial listed at $24,380 to a 2,893 square ft, 4-bedroom, cape listed at $299,900. These listings are within the town zip codes of 06702, 06704, 06705, 06706, 06708, 06710, and 06720.
The average list price of the homes currently available for sale in Waterbury CT is $127,812. The average days on market for these homes are 95 days.
There are currently 74 homes under contract in Waterbury CT, with 27 having gone under contract in April.
In April 2016, 55 homes closed in Waterbury CT. They ranged from a 1,566 square ft, 4-bedroom REO colonial, which sold for $19,000 to a 3,600 square ft, 4-bedroom colonial that sold for $328,9000. The average price for the closed properties was $96,301 with average DOM of 71 days.
For a comparison, there were 45 closings in Waterbury CT for the month of April 2015, with an average price of $82,364 and avg. days on market of 110. This shows that for April of 2016, there were 10 more homes sold than the same period the previous year, with a 16% average increase in value and more days on market.
For the year 2015, the market sales or absorption rate was 57 sales per month, with an average sales value of $92,133 and less average days on market.
For the first quarter of 2016, the market sales or absorption rate for Waterbury CT was 53 sales per month, with an average sales value of $88,381 and average days on market of 96. With this rate and the current inventory, there would be a 7+ month absorption rate, which is trending to a neutral market. The Waterbury CT real estate market is showing a slight improvement in values and is working to neutral market.
The graph demonstrates the average monthly sales value in Waterbury CT with strong fluctuations from month to month. The values in Waterbury CT are showing some signs of stabilizing, with the exception of the January 2016 dip, although the increase in values for April may be a sign of an improving market.
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.
April 2016 Real Estate Sales Report for Waterbury CT
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