Waterbury, CT

Meriden\Woodtick-Waterbury CT Real Estate Market Report for January 2012

Meriden\Woodtick-Waterbury CT East End Real Estate Market Report for January 2012 Average sale prices, and the volume of sales in this section of Waterbury’s East End, have improved from December, but are still lower than last year. There are easily affordable homes in the Meriden\Woodtick area, with the majority of homes being under $150,000. Buyers should seize every opportunity to buy a home now, with prices this low and with the relatively small number of homes available.

There are 33 Meriden\Woodtick-Waterbury CT East End homes for sale, with an average listing price of $125,257, and an average of 173 days on market, ranging from a 1302 sq. ft. 3 bedroom cape being offered for $37,900 to a 1790 sq. ft. 3 bedroom ranch being offered for $179,900.

Here's a breakdown of the Meriden\Woodtick-Waterbury CT East End homes for sale prices:

You can search for Meriden\Woodtick and other East End-Waterbury CT homes for sale by visiting William's Places!

3 homes sold in Meriden\Woodtick-Waterbury CT East End in the month of January. The average sale price was $82,000, had an average of 73 days on market and an average sales price/list price ratio of 85%, ranging from a 1404 sq. ft., 3 bedroom split-level ranch that sold for $38,000 to a 1252 sq. ft., 3 bedroom split-level ranch that sold for $135,000. By comparison, in January 2011, 2 homes were sold in the Meriden\Woodtick section of Waterbury's East End, with an average sale price of $135,800 and an average of 125 days on market.

The Meriden\Woodtick-Waterbury CT East End real estate market is still in a buyer's market with 16.5 months of inventory at an absorption rate of 2 homes being sold each month over the last 6 months with 33 homes currently on the market.

These are the three homes that sold in January in the Meriden\Woodtick-Waterbury CT neighborhood:

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

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 sal.

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

Another Waterbury CT Short Sale Home Taken to Closing and Avoiding Foreclosure

Just closed, a distressed home owner was trying to avoid foreclosure and responded when the bank finally paid attention and cooperated.

After being told by their bank, JP Morgan Chase that they did not qualify for a loan modification as their home was too far underwater, they accepted the suggestion that they contact a local short sale specialist real estate agent and try to get the house sold.

The steps were simple as the owners were very willing and cooperative. Documents were submitted to the back shortly after our first meeting. The house was placed on the market shortly after that. After 60 days on the market and some price reductions, a buyer presented an offer we felt would be accepted by the bank.

From the time the offer was submitted to the bank to closing, 90 days elapsed. A portion of this was lost because of the end of year holidays and waiting for the appraisal order by the bank to be received. Within 2 weeks of the appraisal, being received, the bank accepted the contract and issued their letter of acceptance.

These sellers did avoid on their Waterbury CT home. In addition, as they had failed to qualify for a loan modification they were entitled to a $3,000 relocation assistance gift. Their bank also gave them a short sale incentive to get their home sold which gave them another large gift check at closing and a notice of a waiver of deficiency so they would be free of the mortgage differential and tax consequences.

Short sales are an excellent alternative to avoid foreclosure and if the process is approached properly there is a check to the sellers at closing to assistance them with their move.

Another Waterbury CT Short Sale Home Taken to Closing and Avoiding Foreclosure

Working to Be More Efficient and Productive

Being more efficient and productive is something I have always tried to do to make my job easier. It has served me well for years but every now and then no matter how efficient we believe we might be changes need to be made.

I recently met with my web adviser to discuss ways to make my Internet presence more effective. I get a lot of traffic to my web site, which I can see from my back office, but it’s not effective in getting me more activity from potential clients.

One of the suggestions was to change my IDX set-up to one that will allow users more freedom to search for properties yet be able to capture their information.

To this end, we are trying to satisfy the IDX and make it more user friendly. We have a couple of sources in mind and hope to get that resolved quickly, then comes the matter of getting the users of the current system to switch over to the new format. Not all change is always welcomed.

This post is written as an entry in the ActiveRain and DocuSign Eliminating Inefficiences in your Real Estate Business Contest

Working to Be More Efficient and Productive

East Farms-Waterbury CT Real Estate Market Report for January 2012

East Farms-Waterbury CT Real Estate Market Report for January 2012 Sales activity continues to be sluggish in this neighborhood of Waterbury's East End, with average sales prices still lower than last year and last month. Sellers, this means you still must price your home correctly the first time around for its location and condition in order to see it sold.

There are 25 East Farms-Waterbury CT East End homes for sale, with an average listing price of $140,348, and an average of 175 days on market, ranging from an 1782 sq. ft. 5 bedroom cape being offered for $69,900 to a 1588 sq. ft. 4 bedroom colonial being offered for $269,000.

Here's a breakdown of the East Farms-Waterbury CT homes for sale prices:

You can search for East Farms-Waterbury CT homes for sale by visiting William's Places!

Two homes were sold in East Farms-Waterbury CT in the month of January, with an average sale price of $64,000, an average of 68 days on market and an average sales price/list price ratio of 82%, ranging from a 1092 sq. ft., 3 bedroom ranch that sold for $55,000 to a 1413 sq. ft., 3 bedroom colonial that sold for $73,000. In comparison, in January 2011 there was 1 home sold, at $120,000 and 34 days on market.

The East Farms-Waterbury CT East End real estate market is still in a buyer's market with 7 months of inventory at an absorption rate of 3.67 homes being sold each month over the last 6 months with 25 homes currently on the market.

These are the two homes that won the East Farms-Waterbury CT real estate market homes sold contest for January:

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

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.

Town Plot-Waterbury CT Real Estate Market Report for January 2012

Town Plot-Waterbury CT Real Estate Market Report for January 2012 Home sales in Town Plot Waterbury CT is holding steady, with average home sale prices comparable to both last month but much lower than last year. Inventory has remained the same, with fewer months of inventory remaining. This is good news for sellers who want to place their homes on the market, but as always, your homes must be priced at market values reflective of their condition if you want to realize a quick sale.

There are 40 Town Plot-Waterbury CT homes for sale, with an average listing price of $129,093, and 203 days on market, ranging from a 1300 sq. ft. 3 bedroom other style home being offered for $49,000 to an 1145 sq. ft. 3 bedroom ranch being offered for $219,900.

Here's a breakdown of the Town Plot-Waterbury CT homes for sale prices:

You can search for Town Plot-Waterbury CT homes for sale by visiting William's Places!

8 homes were sold in Town Plot-Waterbury CT in the month of January. The average sale price was $108,500, had an average of 98 days on market and an average sales price/list price ratio of 88%, ranging from a 1792 sq. ft., 3 bedroom raised ranch that sold for $41,000 to a 1930 sq. ft., 3 bedroom colonial that sold for $176,000. In comparison, January 2011 saw 4 homes sold at an average of $151,225 and 132 days on market.

The Town Plot-Waterbury CT real estate market is still in a buyer's market with 7 months of inventory at an absorption rate of 5.83 homes being sold each month over the last 6 months with 40 homes currently on the market.

These are the eight homes that won the Town Plot-Waterbury CT real estate market homes sold contest for January:

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

Town Plot Waterbury CT Real Estate - Market Updates

Town Plot-Waterbury CT Neighborhood Profile

Chase Park - Waterbury CT

Town Plot Park - Waterbury CT

To get further information about the Town Plot-Waterbury CT real estate market and determine if now is the right time to sell your home, 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 Town Plot-Waterbury CT 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.