Waterbury CT Real Estate Sales Report for July 2012
Currently in Waterbury CT there are 483 active residential listings for sale, with 82 new listings being added in July. The homes for sale in Waterbury CT range from a 1,024 square ft, 3-bedroom row house needing repairs listed at $14,500 to a 4,002 square ft, 5-bedroom, multi-level home listed at $369,900. 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 $130,315. The average days on market for these homes is 145 days. There are currently 87 homes under contract in Waterbury CT, with 25 having gone under contract in July.
In July, 36 homes closed in Waterbury CT. They ranged from a 1,838 square ft, 4-bedroom, lake-front ranch that sold for $235,000 to a 1,125 square ft, 4-bedroom cape, that sold for $55,000. The average price for the closed properties was $108,549 with average DOM of 130 days.
For a comparison, there were 45 closings in Waterbury CT for the month of July 2011, with an average price of $104,241 and avg. days on market of 96. This shows that for July of 2012, there was a decrease in the number of homes, with a slight decrease in sales prices with over a month of additional time on market.
For the first 6 months of 2012, the market sales or absorption rate in Waterbury CT was 46 sales per month, with an average sales value of $97,984 and average days on market of 111.
For the year 2011, the market sales or absorption rate in Waterbury CT was 40 sales per month, with an average sales value of $115,216 and average days on market of 99. This would indicates that for the first 6 months of 2012, the current market has continued to fall with the same number of homes per month selling, but at a lower value with longer days on market. The prices in Waterbury CT appear to have stabilized but at prices more consistent with values of 2001.
The current inventory of homes is equivalent to a 12+-month inventory.
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.