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