Meriden\Woodtick-Waterbury CT Real Estate Market Report for June 2015

July 25, 2015

Meriden\Woodtick Waterbury CT-Real Estate Market Report for June 2015

What does the real estate market look like in the Meriden\Woodtick area of Waterbury CT’s East End? Real estate prices have been dropping rather erratically over the past year, with rises in price corresponding to drops in the number of homes sold, and vice versa: lower prices mean more homes sold.  Days on market are still below three months, but pending prices are holding steady with average sales prices, so home owners thinking about selling might want to think a little longer about it.

home values in East End Waterbury CT

There are 24 Meriden\Woodtick-Waterbury CT East End homes median active home for sale in Meriden\Woodtick-Waterbury CT East Endfor sale, with an average listing price of $125,069 and a median listing price of $119,900.

 

 

 

 

 

 

median home under deposit in Meriden\Woodtick-Waterbury CT East EndThere are 12 pending sales (under contract), at an average asking price of $99,571, a median asking price of $86,950, and an average of 107 days on market before accepting an offer.

 

 

 

 

 

 

 

 

median home sold in Meriden\Woodtick-Waterbury CT East End8 homes were sold in Meriden\Woodtick-Waterbury CT East End in the month of June, at an average sale price of $74,779, a median sale price of $63,500, and averaging 75 days on market before accepting an offer. By comparison, in June 2014, 5 homes were sold in the Meriden\Woodtick section of Waterbury’s East End, an average sale price of $108,501, a median sale price of $115,000, and averaging 55 days on market before accepting an offer. This year’s figures represent a 31% decrease in average sale prices, and a 36% increase in average days on market, from last year.

 

 

 

So, what does all this mean? Buyers are making offers on homes that are reasonably priced, and sellers aware of the current real estate market in the East End of Waterbury CT are accepting those offers. Buyers are willing to pay for homes that they see the value in, so if you want to get offers before three months and at top dollar, speak with a local realtor who knows the East End Waterbury CT real estate market, will price your home based on current market conditions, and will help you to attract buyers who will make offers by providing you with tips to maximize your home’s value.

 

If you want more information on Meriden\Woodtick-Waterbury CT, you can visit these blog posts:

Meriden\Woodtick-Waterbury CT Real Estate – Market Updates

Meriden\Woodtick-Waterbury CT Neighborhood Profile

 

Are you looking for a home in the Meriden\Woodtick section of Waterbury’s East End? Click on East End-Waterbury CT homes for sale to search for Meriden\Woodtick and other Waterbury CT East End homes in your price range.

 

For more details about the Meriden\Woodtick-Waterbury CT East End market and to determine if this is the right time to sell, call (203) 558-7463 in order to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Meriden\Woodtick-Waterbury CT East End homes for sale.

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.

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Waterbury CT-Real Estate Market Update in Zip Code 06705

June 30, 2015

Waterbury CT-Real Estate Market Update in Zip Code 06705

 

Here are the most recent statistics on the real estate market for single family homes in Waterbury CT in the 06705 zip code. This area includes the following neighborhoods: East Farms, Fairlawn, and Mill Plain (Meriden/Woodtick) .

 

Homes for Sale

105

Average Listing Price

$102,189

Average Sq. Ft.

1387

Months of Inventory

12.11

 

Home Sales (May 2015)

7

Average Sale Price

$79,000

Average Days on Market

80

 

The single family Waterbury CT 06705 homes for sale range from a 736 sq. ft. 2 bedroom cape for $26,900 to a 1600 sq. ft. 4 bedroom raised ranch for $249,900.

 

The 7 homes sold in the Waterbury CT 06705 real estate market in May ranged from a 1280 sq. ft. 3 bedroom cape that sold for $55,500, to an 1170 sq. ft. 4 bedroom cape that sold for $107,500.

 

The Waterbury CT 06705 real estate market in is, with an absorption rate of 12 months worth of inventory being sold at the current sales pace of 8.67 units per month being sold, still in a buyer’s market. With prices still being low and more than a year’s worth of inventory still available, now is a great time for buyers to purchase a home in Waterbury CT’s East End communities.

 

Ready to buy or sell your home in Waterbury CT 06705? Give me a call at (203) 558-7463 or send me an e-mail to request a free market analysis of your Waterbury CT 06705 home. I look forward to discussing with you Waterbury CT 06705 homes for sale.

 

 © William James Walton, Sr. Market Report data provided by CTMLS. All data is accurate but not guaranteed at time of publication.


Meriden\Woodtick-Waterbury CT Real Estate Market Report for May 2015

June 21, 2015

Meriden\Woodtick-Waterbury CT Real Estate Market Report for May 2015

What does the real estate market look like in the Meriden\Woodtick area of Waterbury CT’s East End? Amazingly, homes are selling at a record pace in this area of Waterbury CT’s East End. Pending volume and prices provide  a good incentive for sellers looking place their homes on the market in this area of Waterbury’s East End.

There are 17 Meriden\Woodtick-Waterbury CT East End homes for salemedian active home for sale in Meriden\Woodtick-Waterbury CT East End, with an average listing price of $121,488 and a median listing price of $119,900.

 

 

 

 

 

 

 

median home under deposit in Meriden\Woodtick-Waterbury CT East EndThere are 16 pending sales (under contract), at an average asking price of $96,847, a median asking price of $86,450, and an average of 111 days on market before accepting an offer.

 

 

 

 

 

 

 

 

median home sold in Meriden\Woodtick-Waterbury CT East End4 homes were sold in Meriden\Woodtick-Waterbury CT East End in the month of May, at an average sale price of $75,125, a median sale price of $75,000, and averaging 67 days on market before accepting an offer. By comparison, in May 2014, 5 homes were sold in the Meriden\Woodtick section of Waterbury’s East End,  with an average sale price of $98,155, a median sale price of $82,876, and averaging 39 days on market before accepting an offer.

 

 

 

So, what does all this mean? Curiously, that despite lower sale prices and more days on market compared to last year, that this may be the most opportune time for sellers in the Meriden\Woodtick area of Waterbury CT’s East End to put their homes on the market. Buyers are willing to pay more money for homes that they see the value in, so if you want to get offers quickly, follow the advice of a competent realtor who will help you show your home in the best possible light, as well as price it based on current market conditions.

 

If you want more information on Meriden\Woodtick-Waterbury CT, you can visit these blog posts:

Meriden\Woodtick-Waterbury CT Real Estate – Market Updates

Meriden\Woodtick-Waterbury CT Neighborhood Profile

 

Are you looking for a home in the Meriden\Woodtick section of Waterbury’s East End? Click on East End-Waterbury CT homes for sale to search for Meriden\Woodtick and other Waterbury CT East End homes in your price range.

 

For more details about the Meriden\Woodtick-Waterbury CT East End market and to determine if this is the right time to sell, call (203) 558-7463 in order to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Meriden\Woodtick-Waterbury CT East End homes for sale.

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.


East Farms-Waterbury CT Real Estate Market Report for May 2015

June 20, 2015

East Farms-Waterbury CT Real Estate Market Report for May 2015

 

What does the real estate market look like in the East Farms section of Waterbury CT’s East End? Well, the market in this section of Waterbury’s East End begins the summer selling season with  average sale prices continuing to be well above last year’s average and days on market are holding steady across both pending and average sales for this time of the year.

 

There are 22 East Farms-Waterbury CT East End homes for salemedian active home for sale in East Farms-Waterbury CT East End, with an average listing price of  $118,314 and a median listing price of $113,950.

 

 

 

 

 

 

median home under deposit in East Farms-Waterbury CT East EndThere are 4 pending sales (under contract), with an average asking price of $100,500, a median asking price of $88,550, and an average of 90 days on market before accepting an offer.

 

 

 

 

 

 

median home sold in East Farms-Waterbury CT East End

 

Two homes were sold in East Farms-Waterbury CT in the month of May, with an average and median sale price of $82,750,  and an average of 85 days on market before accepting an offer. By comparison, in May 2014, 1 home was sold at $45,000 and 83 days on market before accepting an offer.

 

 

 

So, what does all this mean? Specifically, that homes are not exactly flying off the shelf in this section of Waterbury CT’s East End. While days on market are under 3 months for homes that have sold, perhaps sellers need to rethink their strategies considering that their main competition isn’t other homeowners, but bank owned homes. Improving your home’s curb appeal is one way to woo buyers into making offers; a discussion with your realtor about the price may also be in order.

 

If you want more information on East Farms-Waterbury CT, you can visit these blog posts:

East Farms – Waterbury CT Real Estate Market Updates

East Farms-Waterbury CT Neighborhood Profile

 

Are you looking for a home in the East Farms section of Waterbury’s East End? Click on East Farms-Waterbury CT homes for sale to search for homes in your price range.

 

For more details about the East Farms-Waterbury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to helping or discussing with you East Farms-Waterbury CT East End homes for sale.

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.


Meriden\Woodtick-Waterbury CT Real Estate Market Report for January 2014

March 1, 2014

Meriden\Woodtick-Waterbury CT Real Estate Market Report for January 2014

What does the real estate market look like in the Meriden\Woodtick area of Waterbury CT’s East End? Well, the market opens up the year better than last year, with average sale prices and volume above both last month and last year’s. Pending volume and prices provide  a good incentive for sellers looking place their homes on the market in this area of Waterbury’s East End.

There are 18 Meriden\Woodtick-Waterbury CT East End homes for salemedian active home for sale in Meriden\Woodtick-Waterbury CT East End, with an average listing price of $125,939 and a median listing price of $127,250.

 

 

 

 

 

 

 

median home under deposit in Meriden\Woodtick-Waterbury CT East EndThere are 5 pending sales (under contract), at an average asking price of $95,354 and a median asking price of $79,971.

 

 

 

 

 

 

 

 

median home sold in Meriden\Woodtick-Waterbury CT East EndTwo homes were sold in Meriden\Woodtick-Waterbury CT East Endin the month of January, at an average and median sale price of $113,700. By comparison, in January 2013,no homes were sold in the Meriden\Woodtick section of Waterbury’s East End.

 

 

 

 

The chart below shows the difference between the listing and sales prices for the homes sold in January, as well as the number of days that those properties were on the market before an offer was made and accepted.

what does the real estate market look like in Meriden\Woodtick-Waterbury CT's East End?

 

So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your neighborhood, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer’s interest due to its curb appeal and other factors. If  you are a buyer, this tells you how many homes there are on the market in this neighborhood and what price range the typical home in this neighborhood sells for.

 

 

If you want more information on Meriden\Woodtick-Waterbury CT, you can visit these blog posts:

Meriden\Woodtick-Waterbury CT Real Estate – Market Updates

Meriden\Woodtick-Waterbury CT Neighborhood Profile

 

Are you looking for a home in the Meriden\Woodtick section of Waterbury’s East End? Click on East End-Waterbury CT homes for sale to search for Meriden\Woodtick and other Waterbury CT East End homes in your price range.

 

For more details about the Meriden\Woodtick-Waterbury CT East End market and to determine if this is the right time to sell, call (203) 558-7463 in order to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Meriden\Woodtick-Waterbury CT East End homes for sale.

 

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.


East Farms-Waterbury CT Real Estate Market Report for January 2014

February 26, 2014

East Farms-Waterbury CT Real Estate Market Report for January 2014

 

What does the real estate market look like in the East Farms section of Waterbury CT’s East End? Well, the market in this section of Waterbury’s East End begins 2014 on a positive note, with a fourth of the current inventory under deposit, and average sale prices continuing to be well above last year’s average.  Now continues to be an opportune time for potential sellers to get off of the fence, as there is less competition and thus more demand.

 

There are 20 East Farms-Waterbury CT East End homes for salemedian active home for sale in East Farms-Waterbury CT East End, with an average listing price of  $122,570 and a median listing price of $124,900.

 

 

 

 

 

 

 

median home under deposit in East Farms-Waterbury CT East EndThere are 7 pending sales (under contract), with an average asking price of $112,014 and a median asking price of $120,000.

 

 

 

 

 

 

median home sold in East Farms-Waterbury CT East End

 

Three homes were sold in East Farms-Waterbury CT in the month of January, with an average sale price of $102,667 and a median sale price of $123,000. By comparison, in January 2013, 2 homes were sold with an average and median sale price of $64,500.

 

 

 

The chart below shows the difference between the listing and sales prices for the homes sold in January, as well as the number of days that those properties were on the market before an offer was made and accepted.

what does the real estate market look like in East Farms-Waterbury CT East End?

 

So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your neighborhood, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer’s interest due to its curb appeal and other factors. If  you are a buyer, this tells you how many homes there are on the market in this neighborhood and what price range the typical home in this neighborhood sells for.

 

If you want more information on East Farms-Waterbury CT, you can visit these blog posts:

East Farms – Waterbury CT Real Estate Market Updates

East Farms-Waterbury CT Neighborhood Profile

 

Are you looking for a home in the East Farms section of Waterbury’s East End? Click on East Farms-Waterbury CT homes for sale to search for homes in your price range.

 

For more details about the East Farms-Waterbury CT market and to determine if this is the right time to sell, call me at (203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to helping or discussing with you East Farms-Waterbury CT East End homes for sale.

 

 

©William James Walton, Sr. Market Report data provided by CTMLS. All data reported is accurate but not guaranteed at time of publication.