2011 Year End Real Estate Market Update for Waterbury CT

2011 Year End Real Estate Market Update for Waterbury CT

The Real Estate market activity for Waterbury Ct was as sluggish for 2011 as it had been for the previous year. Prices did a further adjustment. The majority of sales in the real estate market for Waterbury CT for 2011 focused on distressed short sales and foreclosures, although owner occupied sales had activity but not at prices favorable to sellers.

Currently in Waterbury CT there are 478 active residential listings for sale. For the year 2011, the market sales or absorption rate was 40 sales per month.

The average value for the homes sold in Waterbury CT for the year was $108,353, and average days on market of 103. The current inventory of homes is equivalent to a 12 month inventory.

The list price ratio to sales price ratio was 93%, which indicates sellers putting the homes on the market near to fair market value.

The highest value home sold in Waterbury CT in 2011 was a 3,198 sq ft, 4-bedroom colonial which sold for $260,000.

By comparison, for calendar year 2010, the absorption rate was 45 units per month, with an average sales price of $113,602 and average days on market of 88. More homes were sold on average per month and a higher price in fewer days.

The highest value home sold in Waterbury CT in 2010 was a 2,364 sq ft, 4 bedroom split-level home which sold for $275,000.

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 at edsilva@remax.net I would be happy to assist you with your

2011 Year End Real Estate Market Update for Waterbury CT