Market Trends For Waterbury CT's East End, Zip 06705 August 2023

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

Market Trends For Waterbury CT's East End, Zip 06705 August 2023

 

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.

 

 Market Trends For Waterbury CT's East End, Zip 06705 August 2023

 

There are currently 8 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 $249,000 with average days in market of 28. There are also currently 31 properties under deposit.

 

For the first 7 months of this year there have been 98 closed listings in the 06705-zip code of Waterbury with an average sales price of $239,518 and days on market of 36. The closed homes also sold at 103% of list so competition is fierce.

 

The same period in 2022 saw 127 closings with an average sales price of $214,576 and average days on market 35. This represents an increase in values of 10%, even though closed units are down mainly due to lack of inventory.  Sold prices were at 103% of list so little to no room is there for negotiations and activity is brisk on new listings.

 

Market Trends For Waterbury CT's East End, Zip 06705 August 2023

 

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 zip code 06705, please call me at 203-206-0754 or send me an email. I would be happy to assist you or to discuss homes on the market in zip code 06705 of Waterbury CT.

 

 

 

Market Trends For Waterbury CT's East End, Zip 06705 August 2023

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

My Blog
Email Me
EdSilvaCTrealestate.com


C:  203-206-0754
Call or Text

O:  203-758-6440

 

Do you know anyone who is behind on their mortgage and doesn't know what to do? I may be able to help them. I am an experienced Short Sale Broker

Short Sales in Connecticut

 

Search all active Connecticut listings

 

 

Comments (9)

Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Ed, great market update for Waterbury's East End, and sure wish we had homes priced like this!    

Aug 01, 2023 11:01 AM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Ed,

Thank you for your market update on Waterbury's East End. The home prices are SO REASONABLE!

Aug 01, 2023 12:02 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Thanks for sharing and enjoy your week!

Bill Salvatore, Realtor- Arizona Elite Properties

Aug 01, 2023 12:28 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed looks like the lack of inventory is starting to have more and more of an impact.

Aug 01, 2023 02:47 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Waterbury home buyers and sellers are sure to value your real estate market report, Ed.

Aug 01, 2023 02:52 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Ed- it's interesting comparing the home prices in your area compared to the skyrocketing prices in other areas. Good report. 

Aug 01, 2023 05:27 PM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Ed... those are some amazing statistics for Waterbury! 103% list to sale price ratio -- who would argue with that. 1.6 months of inventory is certainly keeping this city in seller territory and the lack of new listings isn't helping buyers.

Aug 02, 2023 05:21 AM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Ed, Home buyers and sellers will undoubtedly appreciate the real estate market report you provide for Waterbury. They need an experienced agent who knows the area! 

Aug 02, 2023 07:31 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

People are lucky to have you as a resource in Waterbury!  Have you heard of The Stack System?  If you want to impress your friends with longer drives off the tee, you shoulc check it out.  A friend of mine invented it, haha.

Aug 02, 2023 07:49 AM