Waterbury CT 2022 Year End Real Estate Market Analysis The year 2022 was a year of transition to the strong buyer's market of the previous 2 years.  The rise of interest rates created due to the inflationary trend put some buyers back into a waiting mode.  Businesses are on the rebound and their biggest obstacles are the rise in raw materials as well as the lack of qualified employeesIn spite of this, after a brief pause the market in Waterbury CT began its rise and finished the year strong. Historically lagging in home prices, Waterbury saw a large spurt in median values and hopefully the trend will remain for the foreseeable future.  For the year 2022, the market sales or absorption rate for Waterbury CT was 77 sales per month, with an average sales value of $229,826 and average days ... 01/17/2023

What’s My Waterbury CT Home’s Value December 2022Waterbury CT is the second largest town in New Haven County with a population of app115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City. The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass meals they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 80 active residential listings for sale, with 31 new listings being added in December. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom townhouse style row house listed at $40,000 to a 3,238 square ft, 4-bedroom  cape listed at $825,000. These listin... 01/12/2023

Six Factors Representative of Buyers in Today's Market in ConnecticutThe real estate market is undergoing an adjustment, yet even with interest rates higher, buyer activity is still aggressive and quality homes do not stay on market longer. More buyers are finding their way into home ownership than at any other time in history.A recent report issued by NAR highlighted the factors facing buyers in 2023. The items that seemed to be more representative of the activity in Connecticut are offered below. 1. The age of first-time and repeat buyers hit all-time highs.The age of first-time buyers jumped to 36 from 33 years after being stagnant for years. Twenty-six percent of first-time buyers reported "difficulty saving for a down payment" was a challenging task in the buying process and cited ... 01/03/2023

Ben Kinney : Tips on Selling Homes in This MarketThe Zoom call this week was presented by ActiveRain's own Ben Kinney. In addition to being owner of this platform, his roots are as a real estate agent and over the years his efforts have been more than successful. As all can see, there has been a shift in the market, and this will require a shift in business approach going into the new year.Ben made his presentation with data obtained from his network and specifically data from Goldman-Sachs.InflationEveryone is aware of the inflation data that is being offered on a daily basis. What few recognize, is that some inflation is necessary for economic growth and the Fed attempts to moderate the rate by increases in the Fed rate. Inflation is what has all of us paying more for goods and servic... 12/21/2022

Waterbury CT December 2022 Housing Market for Zip Code 06708The 06708 Zip code encompasses the west side of Waterbury with 4 neighborhoods known as Brooklyn, Town Plot, Lower and Upper Bunker Hill. It is also the largest zip code in Waterbury. There are currently 36 active listings in the 06708 zip code with the average value of the homes for sale in Waterbury's 06708 zip code available for sale is $280,006 with average days in market of 45. There are also currently 17 under pending/show status and 27 under hard deposit status. Through 11 months of this year, there have been 298 closed sales in this zip code with the average value of homes sold at $254,593 with days on market of 34. Through the same period of 2021 there were 397 closed listings in the 06708 zip code of Waterbury with an... 12/03/2022

An Update  Remember That You Work for Me!In looking at a post for this month's challenge I went into my archives to find the post that had received the most clicks. It was this post in 2013, that had gotten Featured and re-blogged a couple of times that seemed to resonate with so many fellow members at the time.I washed off a little dust and brought it back as some times we just forget ourselves.The buyers were anxious to make a spectacular deal and had I done what they requested, they would have lost the home of their dreams. In retrospect, I should have titled the post  Remember that I  Work With You Remember That You Work for Me!These were the words spoken to me by a client while we were reviewing the inspection report on their intended purchase. They wanted me to make a claim for cr... 12/02/2022

November 2022 Market Trends For Waterbury CT's East End, Zip 06705 The East End of Waterbury CT is highly residential and is also the preferred side of town for people that need to commute to Hartford. Many fine neighborhoods encompass the East End such as Fairlawn, Pierpont and East End.   There are currently 21 active listings in the 06705 zip code with the average value of the homes for sale in Waterbury's 06705 zip code available for sale is $249,979 with average days in market of 65. This represents a 1% increase in values over the previous month with slightly longer days on market, Also, there are also currently 34 properties under contract or hard deposit. For the year 2021 there were 235 closed listings in the 06705 zip code of Waterbury with an average sales price of $189,057 a... 11/28/2022

What’s My Waterbury CT Home’s Value October 2022Waterbury CT is the second largest town in New Haven County with a population of app115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City. The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass meals they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 101 active residential listings for sale, with 55 new listings being added in October. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom townhouse style row house listed at $40,000 to a 3,238 square ft, 4-bedroom  cape listed at $825,000. These listing... 11/22/2022

The Fall Colors Are Here In Central CT, Week 4As we head into the last days of October, the colors are truly, showing and with the drop in temps and wind, the trees will be shedding the foliage quickly.I have been showing the progression of the colors on our par 3 fifth hole.On October 1 we had very little in color surrounding the green.On October 9, it was starting to show shades of yellow and red.Coming up to October 16 we are definitely getting to the cusp of peak in color surrounding the green.This morning it was very distracting for the wind blowing the leaves, and the colors around the hole.From the tee, the hole was bright.And looking back at the tee from the green was just as impressive.We are very reaching peak and then the dark side of autumn with the onset of winter starts.Th... 10/23/2022

What’s My Waterbury CT Home’s Value September 2022Waterbury CT is the second largest town in New Haven County with a population of app115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City. The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass meals they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 118 active residential listings for sale, with 51 new listings being added in September. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom townhouse style row house listed at $40,000 to a 3,258 square ft, 4-bedroom cape listed at $825,000. These list... 10/17/2022

The Fall Colors are Trying to Come Out in Central CT, Part 2There is no doubt that we are into the fall season and this morning we had our first frost. The colors on the trees are starting to really come out.Last week, the colors surrounding the fifth green were just starting to show.A weel later we really have a burst of color as well as a more bright and sunny day, albeit a little brisk at 40 degrees. The colors are very noticeable along the roadways but it's hard to take a photo and drive at take a photo at the same time. I would not be surprised if we are closer to peak next week.I guess I'll just have to take a walk past that same green next week.The Fall Colors are Trying to Come Out in Central CT, Part 2 10/09/2022

October 2022 Market Trends For Waterbury CT's East End, Zip 06705 The East End of Waterbury CT is highly residential and is also the preferred side of town for people that need to commute to Hartford. Many fine neighborhoods encompass the East End such as Fairlawn, Pierpont and East End.   There are currently 20 active listings in the 06705 zip code with the average value of the homes for sale in Waterbury's 06705 zip code available for sale is $253,035  with average days in market of 60. There are also currently 44 properties under contract or hard deposit. For the year 2021 there were 235 closed listings in the 06705 zip code of Waterbury with an average sales price of $189,057 and days on market of 36. Through the current period of 2022, there have been 165 closings with an average s... 10/04/2022

The Fall Colors are Trying to Come Out in Central CTAs I was making my way across the fairways over the weekend, I noticed hints f the trees getting ready to offer up their colors. There were hints of color coming from the oak tree at the back of this green. Unfortunately, the day was overcast, courtesy of Ian's tail, but I am hoping that when we get a sunny day, it will show much better.I have a view in mind that always impresses with colors and will try to do a modified presession just not to steal any of George Souto  thunder.The Fall Colors are Trying to Come Out in Central CT 10/03/2022

Friday Flags at a Waterbury CT CemeteryI was going into a cemetery in Waterbury CT to give a few moments of respect for a family member on what would have been their birthday. Directly across from my stop was a flag flying proudly in the breeze.The flag was billowing and against the backdrop of the tree with the onset of fall colors it just sparkled.The flag stood over a memorial to deceased Veterans not only in the cometary but also the town.What made it dear to me is it stood across the driveway from the grave of a highly decorated WW2 veteran I came to visit.Friday Flags at a Waterbury CT Cemetery   09/30/2022

September 2022 Market Trends For Waterbury CT's West End Side, Zip 06708The 06708 Zip code encompasses the west side of Waterbury with 4 neighborhoods known as Brooklyn, Town Plot, Lower and Upper Bunker Hill. It is also the largest zip code in Waterbury. There are currently 41 active listings in the 06708 zip code with the average value of the homes for sale in Waterbury's 06708 zip code available for sale is $272,036 with average days in market of 36. There are also currently 61 properties under show or hard deposit contracts. For the year 2021 year there were 430 closed listings in the 06708 zip code of Waterbury with an average sales price of $225,836 and average days on market of 38. This suggests an absorption rate of 36 sales per month which means the current inventory is less th... 09/20/2022

What’s My Waterbury CT Home’s Value August 2022Waterbury CT is the second largest town in New Haven County with a population of app115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City. The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass meals they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 113 active residential listings for sale, with 51 new listings being added in August. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom townhouse style row house listed at $40,000 to a 2,936 square ft, 3-bedroom  colonial listed at $629,900. These listi... 09/20/2022

Friday Flags in Waterbury CT,  AgainThere is a public park in the East Mountain section of Waterbury that is always a hub of activity.  Seasonal there re little league baseball games, soccer games, basketball is constant, and for the younger kids, a playscape and splashpad.The flag on the grounds was blowing with the stiff breeze that was behind it, and it was stirring and proudful.It is a view that a true American can never get too much of.Friday Flags in Waterbury CT,  Again 08/26/2022

What’s My Waterbury CT Home’s Value July 2022Waterbury CT is the second largest town in New Haven County with a population of app115,000. It is 33 miles southwest of Hartford, 25 miles north of New Haven and 77 miles northwest of New York City. The larger factories that once dominated the Connecticut manufacturing economy are no longer in Waterbury, essentially changing form the brass meals they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 118 active residential listings for sale, with 56 new listings being added in July. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom townhouse style row house listed at $40,000 to a 3,630 square ft, 4-bedroom  ranch listed at $749,000. These listings are... 08/02/2022

Friday Flags in Waterbury CT Western Hills GCI had the opportunity to play in a 2-day tournament, part of which was played at Western Hills Golf Course, a municipal course in Waterbury CT.The course is most challenging, with lots of hills and small fast greens protected by deep bunkers.Just as one enters the grounds the flag flies proudly right next to the club house.I had a good round with a net of 68 just not good enough to place as my previous round the day before was not so good.It is almost a certainty that a flag would fly at a golf course, and at the very least, I am willing to make the sacrifice to find another course to keep the Friday Flag flying.Friday Flags in Waterbury CT Western Hills GC 07/29/2022

Waterbury  CT Mid Year 2022 Real Estate Market AnalysisThe past 2-plus years have been extraordinary for real estate across the country. It has been consistent here in Connecticut as well. In the world of real estate, the exuberance of the business that had started in 2019 started to slow as people became wary of venturing into homes not knowing who was there or their state of health. Likewise, sellers were wary of having people come into their homes and possibly bringing in a bacterial issue that would infect their families. As people became more confident in going outside and held to precautions, the market began to flourish. In 2020, the market sales or absorption rate was 78 sales per month, with a median sales value of $154,900 and median days on market of 36. In 2021, the market s... 07/26/2022