What’s My Waterbury CT Home’s Value December 2015
Currently in Waterbury CT there are 352 active residential listings for sale, with 80 new listings being added in December. The homes for sale in Waterbury CT range from a 1,710 square ft, 6-bedroom REO colonial listed at $19,900 to a 4,222 square ft, 2-bedroom, ranch listed at $650,000. 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 $122,401. The average days on market for these homes are 123 days.
There are currently 65 homes under contract in Waterbury CT, with 21 having gone under contract in December.
In December 2015, 64 homes closed in Waterbury CT. They ranged from a 1,032 square ft, 3-bedroom REO ranch, which sold for $19,900 to a 3,018 square ft, 23-bedroom ranch that sold for $242,000. The average price for the closed properties was $91,693 with average DOM of 92 days.
For a comparison, there were 46 closings in Waterbury CT for the month of December 2014, with an average price of $97,307 and avg. days on market of 102. This shows that for December of 2015, there were 18 more homes sold than the same period the previous year, with a 9% decrease in value and less 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.
For the third quarter of 2015, the market sales or absorption rate for Waterbury CT was almost 67 sales per month, with an average sales value of $94,433 and average days on market of 71.
For the fourth quarter of 2015, the market sales or absorption rate for Waterbury CT was almost 60 sales per month, with an average sales value of $91,297 and average days on market of 85.
With the current number of homes on the market, the absorption rate equates to an 6+ month inventory. The Waterbury CT real estate market is showing a slight drop off in values but 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.
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.
December 2015 Real Estate Sales Report for Waterbury CT
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