Waterbury CT Real Estate – Market Update July 2009

July 18, 2009

We know that the spring selling season is upon us, and the Brass City has been no exception . Let’s see what happened in the Waterbury, CT real estate market in terms of the active listings:

Active Listings – 510

New Listings -28

Average List Price – $167,102

Median List Price – $159,900

Average Sq. Ft. – 1577

Median Sq. Ft. – 1457

And here’s the breakdown of the prices in Waterbury for the last month:

List Price                          Houses                      %

< 100,000                      86                                17

100,001-150,000      137                              27

150,001-200,000      171                              33

200,001-250,000      77                               15

250,001-300,000      21                                4

It seems that we have a case of ever increasing inventory with sales following not too far behind. There are more houses to choose from than before this time last month, but a few more closings as well – just as it was at the beginning of May as well.

Here’s a look at what’s recently sold in Waterbury :

Closed Listings –46                        Average                              Median

Days on Market                                     61                                           32

List Price                                           $126,304                         $129,900

Sale Price                                          $121,746                          $125,000

Sq. Ft.                                                    1388                                      1398

LP/Sq. Ft.                                         $92.59                                 $90.12

SP/Sq. Ft.                                         $89.04                                 $84.69

SP/LP Ratio                                         96%                                        97%

The following neighborhoods have had activity: Bucks Hill, Bunker Hill, East Mountain and Meriden-Woodtick in the last month.

For a month to month comparison of Waterbury’s real estate market statistics, you can visit

Waterbury Market Report June 2009,

Waterbury Market Report May 2009,

Waterbury Market Report April 2009, and

Waterbury Quarterly Market Report March 2009

For more detailed info about the Waterbury area, visit Waterbury, CT or the Republican-American
sites.

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Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?

Stop by
http://www.williamsplaces.com!

Courtesy of William James Walton, Sr., Realtor, Century21 Access America

Serving northern New Haven and southeastern Litchfield Counties(Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)

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East Mountain Waterbury, CT Real Estate – Market Update July 2009

July 18, 2009

East Mountain Waterbury, CT Real Estate – Market Update July 2009

Here’s a look at what’s been happening in Waterbury’s East Mountain real estate market:
Active Listings 29
New Listings 4
Average List Price $188,881
Median List Price $189,000
Average Sq. Ft. 1533
Median Sq. Ft. 1350
There are 29 active listings, and 4 new listings in the last 30 days. The average size of the homes for sale has remained the same in comparison to similar neighborhoods relative to the prices being asked for them. Here’s a breakdown of the prices in the East Mountain Waterbury CT neighborhood:
List Price Houses %
250,000 1 3

And these are the newly listed homes for sale on the market in the East Mountain neighborhood:
Address L/Price ADOM
173 EASTSIDE BLVD 179,900 1
111 HARWOOD RD 163,000 3
44 PURDY RD 143,550 6
58 WESTBROOK DR 199,900 4

Now, for a look at what has sold in the area:
Closed Listings – 3 Average Median
Days on Market 58 26
List Price $193,233 $199,900
Sale Price $185,833 $205,000
Sq. Ft. 1641 1762
LP/Sq. Ft. $120.75 $124.80
SP/Sq. Ft. $115.22 $116.35
SP/LP Ratio 96% 93%
The East Mountain neighborhood is still experiencing low numbers in terms of the number of sales compared to other areas of Waterbury, but has definitely improved its number of days on the market relative to the prices of homes being sold in the East Mountain area.
These three homes were the winners in the homes sold contest:
Address L/Price S/Price DOM
51 HARTLEY DR 219,900 205,000 26
1031 PEARL LAKE RD 199,900 205,000 22
80 ROCKLEDGE DR 159,900 147,500 128

Prior East Mountain Market Reports:
East Mountain Waterbury CT Real Estate – Market Update June 2009
East Mountain Waterbury CT Real Estate – Market Update May 2009
East Mountain Waterbury CT Real Estate – Market Report April 2009
East Mountain Quarterly Market Report January 31, 2009
East Mountain Quarterly Market Report May 2, 2009

The East Mountain neighborhood is the only one in Waterbury so far that has its own website, so to get a look at what’s happening in the neighborhood, stop by http://www.eastmountainct.com/.

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Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by http://www.williamsplaces.com!

Courtesy of William James Walton, Sr., Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)


Bucks Hill Waterbury, CT Real Estate – Market Update July 2009

July 18, 2009

Bucks Hill Waterbury, CT Real Estate – Market Update July 2009
Here’s a look at what’s been happening in the Bucks Hill real estate market in the past month:
Active Listings 24
New Listings 3
Average List Price $179,750
Median List Price $176,900
Average Sq. Ft. 1547
Median Sq. Ft. 1595

There are 24 active listings, and 3 new listings in the Bucks Hill area in the last 30 days. There are some rather decently sized homes in the Bucks Hill neighborhood. Here’s a breakdown of the prices in the neighborhood:
List Price Houses %
251,000 4 17

And these are the latest homes to join the market in the Bucks Hill area:
Address L/Price ADOM
36 BROOKFIELD RD 174,900 7
416 CHESTNUT HILL AVE 168,000 7
35 HIDDEN POND DRIVE 199,900 5

Now, let’s see what has sold in Bucks Hill over the last month:
Closed Listings – 3 Average Median
Days on Market 12 5
List Price $149,800 $139,900
Sale Price $148,333 $139,000
Sq. Ft. 1451 1400
LP/Sq. Ft. $107.15 $81.43
SP/Sq. Ft. $106.05 $80.91
SP/LP Ratio 99% 99%

Three homes sold last month, with the average number of days on market and the sales price/list price ratio being the best in the city.
These are the homes that sold in the Bucks Hill neighborhood in June:
Address L/Price S/Price DOM
216 CHESTNUT HILL AVE 109,500 109,000 1
117 CHIPPER RD 139,900 139,000 5
49 HIDDEN POND DR 200,000 197,000 32
Prior Bucks Hill Market Reports:
Bucks Hill Waterbury CT Real Estate – Market Update June 2009
Bucks Hill Waterbury CT Real Estate – Market Report May 2009
Bucks Hill Quarterly Market Report January 31, 2009
Bucks Hill Quarterly Market Report May 2, 2009

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Looking for information about homes in the Greater Waterbury area?
Buyers, need to find financing and advice on the home-buying process?
Sellers, looking for tips on how to make sure your home sells?
Stop by http://www.williamsplaces.com!

Courtesy of William James Walton, Sr., Realtor, Century21 Access America
Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)


Help For Homeowners – A Glimmer of Hope?

July 18, 2009

Help For Homeowners – A Glimmer Of Hope?

I have a question for the real estate attorneys out there. It is a question that, if it does have an answer, and a satisfactory one, may be the saving grace for many folks who are facing foreclosure…

Lane Bailey recently wrote Get Out Of Your Mortgage For Free?, in which he described the use of missing title lawsuits by foreclosure prevention companies as a means of stopping foreclosure proceedings. The unfortunate thing in many of the cases that Mr. Bailey cited, and provided evidence for, is that this tactic is often manipulated by these companies as a means of extorting money out of homeowners without actually following through and helping to resolve the issue.

I had read way back in February something about this particular tactic, but it was not being employed by any lawyers or loss mitigtion companies. It was mentioned in an MSN article (mad that I did not bookmark it), about a woman who was facing foreclosure and had gotten to court and asked a simple question (not by her lawyer, as she had none): Where’s the original mortgage note? – to which the bank did not have an answer, and the judge put a halt to the proceedings until the bank could produce the document.

Read Missing Mortgage Notes May Delay Some Foreclosures, and Homeowners Facing Foreclosure Demand Proof of Mortgage Ownership for examples of how this tactic is being employed in other parts of the country.

Although there are articles relating to this particular phenomenon, with so many fraudulent actors out there, I thought it best to pose the question to people who I considered trustworthy.

So here it is, in three parts:

1. Are banks required to produce the original mortgage deed/title that was signed by the original lender and borrower in a foreclosure proceeding;
2. If so, does the failure of the bank to produce the original note mean that the bank has no legal standing to bring the suit to foreclose; and
3. Does the failure of the banks to produce the original note legally provide the homeowners any type of respite from foreclosure proceedings being carried forward?

I, and thousands of homeowners across the country, eagerly await the answers. Because in the answers lies help for homeowners so desperately needed, a glimmer of hope that can brighten the desolated wasteland of real estate today…

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Looking for information about homes in the Greater Waterbury area?

Buyers, need to find financing and advice on the home-buying process?

Sellers, looking for tips on how to make sure your home sells?

Stop by http://www.williamsplaces.com !

Courtesy of William James Walton, Sr ., Realtor, Century21 Access America

Serving northern New Haven and southeastern Litchfield Counties (Waterbury, Wolcott, Prospect, Naugatuck, Middlebury, Southbury, Watertown and Plymouth)


Bunker Hill Waterbury,CT Real Estate – Market Update July 2009

July 15, 2009

Here’s a look at the recent data for the real estate market in the Bunker Hill neighborhood of Waterbury, CT:

Active Listings 4 4
New Listings 7
Average List Price $179,159
Median List Price $179,900
Average Sq. Ft. 1614
Median Sq. Ft. 1579

There are 44 active listings, and 7 new listings in the last 30 days. The average size of the homes for sale in the Bunker Hill section of Waterbury has remained the same in comparison to similar neighborhoods relative to the prices being asked for them. Here’s a breakdown of the prices in the neighborhood:

List Price Houses %
250,000 2 5

And here are the new homes available for sale in the Bunker Hill section of Waterbury, CT:

Address L/Price ADOM
58 ALYCE TER 314,900 7
111 DEERFIELD AVE 125,000 5
30 DELAWARE 210,000 6
82 PLAINFIELD DR 235,000 5
40 REVERE ST 214,900 3
20 SABAL DR 269,900 2
245 WESTMONT DR 189,900 7

Now, for a look at what has sold in the area:

Closed Listings – 7 Average Median
Days on Market 41 29
List Price $171,442 $ 176,900
Sale Price $167,678 $170,000
Sq. Ft. 1843 1608
LP/Sq. Ft. $98.83 $91.61
SP/Sq. Ft. $96.20 $86.04
SP/LP Ratio 97% 97%

Things have definitely improved for the Bunker Hill neighborhood in terms of days on market and sales price/list price ratios for homes sold, compared to previous months. A month and a half, on average, and the buyers are accepting, with a little modification, what can be considered to be reasonable asking prices. Or to look at it from another perspective: sellers have finally gotten it together and are pricing their homes to sell the first time they list it.

These were the seven homes that won the homes sold contest:

Address L/Price S/Price DOM
51 AURORA STREET 178,000 170,000 29
405 BUNKER HILL AVE 176,900 177,000 8
16 DELAWARE AVE 81,000 79,250 27
275 STODDARD RD 199,900 195,000 33
14 TREMONT 129,900 122,000 127
74 WOODSIDE AVE 159,900 156,000 9
105 WOODSIDE AVE 274,500 274,500 54

Prior Bunker Hill Market Reports:

Bunker Hill Waterbury CT Real Estate – Market Update June 2009

Bunker Hill Waterbury CT Real Estate – Market Update May 2009

Bunker Hill Waterbury CT Real Estate – Market Update April 2009

Bunker Hill Quarterly Market Report January 31, 2009

Bunker Hill Quarterly Market Report May 2, 2009

Looking for information about homes in the Greater Waterbury area?

Buyers, need to find financing and advice on the home-buying process?

Sellers, looking for tips on how to make sure your home sells?

Stop by http://www.williamsplaces.com !

Courtesy of William James Walton, Sr ., Realtor, Century21 Access America

Serving northern New Haven and southeastern Litchfield Counties ( Waterbury , Wolcott, Prospect, Naugatuck , Middlebury, Southbury, Watertown and Plymouth )


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July 15, 2009

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