What’s My Waterbury CT Home’s Value January 2016
Currently in Waterbury CT there are 331 active residential listings for sale, with 49 new listings being added in January. The homes for sale in Waterbury CT range from a 3,472 square ft, 3-bedroom REO colonial listed at $9,500 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 $125,649. The average days on market for these homes are 125 days.
There are currently 71 homes under contract in Waterbury CT, with 26 having gone under contract in January.
In January 2016, 51 homes closed in Waterbury CT. They ranged from a 896 square ft, 2-bedroom REO ranch, which sold for $28,000 to a 2,400 square ft, 4-bedroom cape that sold for $172,000. The average price for the closed properties was $79,204 with average DOM of 85 days.
For a comparison, there were 40 closings in Waterbury CT for the month of January 2015, with an average price of $91,701 and avg. days on market of 108. This shows that for January of 2016, there were 11 more homes sold than the same period the previous year, with a 12% decrease in value and less 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 average days on market of 81.
With the current number of homes on the market, the absorption rate of the previous year this 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, with the exception of the January 2016 dip.
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.
January 2016 Real Estate Sales Report for Waterbury CT
Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!
Get Help with Short Sale in Connecticut
Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott
Ed Silva RE/MAX Professionals, www.edwardsilva.com 203-206-0754