Ed's Chesprocott Region Blog: November 2016 Real Estate Sales Report for Waterbury CT

November 2016 Real Estate Sales Report for Waterbury CT

What’s My Waterbury CT Home’s Value November 2016 

 November 2016 Real Estate Sales Report for Waterbury CT

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Currently in Waterbury CT there are 378 active residential listings for sale, with 64 new listings being added in November. The homes for sale in Waterbury CT range from a 1,210 square ft, 3-bedroom REO colonial listed at $24,500 to a 2,374 square ft, 4-bedroom colonial 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 $120,860. The average days on market for these homes are 104 days.

There are currently 68 homes under contract in Waterbury CT, with 28 having gone under contract in November.   

 November 2016 Real Estate Sales Report for Waterbury CT

In November 2016, 57 homes closed in Waterbury CT. They ranged from a 1,024 square ft, 3-bedroom REO row house, which sold for $15,000 to a 2,109 square ft, 4-bedroom tri-level home that sold for $225,000. The average price for the closed properties was $96,331  with average DOM of 73 days. 

 

For a comparison, there were 55 closings in Waterbury CT for the month of November 2015, with an average price of $90,838 and avg. days on market of 83. This shows that for November of 2016, there were 2 more homes sold as in the same period the previous year, with a 4% average increase in value and slightly 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 longer average days on market. It is a positive for increase in values.

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.

For the second quarter of 2016, the market sales or absorption rate for Waterbury CT was 59 sales per month, with an average sales value of $102,389 and average days on market of 69. 

For the third quarter of 2016, the market sales or absorption rate for Waterbury CT was 72 sales per month, with an average sales value of $104,651 and average days on market of 78. With this rate and the current inventory, there would be a 6+ 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.

 November 2016 Real Estate Sales Report for Waterbury CT

 

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, along with and increase in values over the previous year.

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, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in Waterbury CT. 

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 November 2016 Real Estate Sales Report for Waterbury CT

 

 

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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

Comment balloon 2 commentsEd Silva • December 07 2016 03:44PM

Comments

Ed all the figure appear to going in the right direction, and hope that continues to be the trend in 2017

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) 7 months ago

Ed Thank you for the informative article. Really valuable information.

Posted by Shahar Hillel, Mortgage Consultant, Loan Officer. (Augusta Financial Inc.) 7 months ago

Participate