What’s My Waterbury CT Home’s Value August 2015
Currently in Waterbury CT there are 488 active residential listings for sale, with 92 new listings being added in August. The homes for sale in Waterbury CT range from a 3,472 square ft, 4-bedroom REO colonial listed at $9,500 to a 1,648 square ft, 3-bedroom, raised ranch listed at $399,900. 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 $125,865. The average days on market for these homes are 109 days.
There are currently 76 homes under contract in Waterbury CT, with 24 having gone under contract in August.
In August 2015, 69 homes closed in Waterbury CT. They ranged from a 931 square ft, 2-bedroom REO cape, which sold for $29,900 to a 2,4000 square ft, 4-bedroom split level ranch that sold for $230,000. The average price for the closed properties was $92,444 with average DOM of 74 days.
For a comparison, there were 56 closings in Waterbury CT for the month of August 2014, with an average price of $103,185 and avg. days on market of 76. This shows that for August of 2015, there was 13 more homes sold than the same period the previous year, but with a 10% increase in value and similar days on market.
For the year 2014, the market sales or absorption rate was 51 sales per month, with an average sales value of $92,025 and average days on market of 87.
For the first quarter of 2015, the market sales or absorption rate for Waterbury CT was almost 43 sales per month, with an average sales value of $89,252 and average days on market of 89.
For the second quarter of 2015, the market sales or absorption rate for Waterbury CT was almost 41 sales per month, with an average sales value of $92,710 and average days on market of 85.
With the current number of homes on the market, the absorption rate equates to an 11+ month inventory. The Waterbury CT real estate market is showing a slight drop off from the first quarter sales.
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.
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.
August 2015 Real Estate Sales Report for Waterbury CT
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