Waterbury, CT Real Estate News

By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Waterbury CT April 2023 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 18 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 $345,744 with average days in market of 42. There are also currently 14 under pending/show status and 17 under hard deposit status. Through 3 months of this year, there have been 43 closed sales in this zip code with the average value of homes sold at $266,734 with average days on market of 47 days. Through the same period of 2022 there were 66 closed listings in the 06708 zip code of Waterbury ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
There's a Difference Between Helping and SteeringAs real estate professionals we learn to find other professionals in necessary businesses to make our client's transactions flow smoother. It could be loan officers that we trust, lawyers that can handle closing properly, as well as inspectors and even tradespeople if repairs are needed.We also need to be mindful to have a few of each to give clients options and to also keep ourselves out of trouble if a question of steering arises.SteeringIn real estate, steering refers to an agent who steers potential buyers to neighborhoods as a discriminatory measure. It also includes sending buyers or sellers to specific people, as there is some type of monetary kickback for the agent. All are illegal and could mean not only loss of license but also ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Making Your Connecticut Home Purchase PrimaryThe dream of home ownership has never been stronger than it has the past couple of years.  Interest rates were at historically low levels and buyers were into bidding frenzies to get their piece of the American Dream.Amid the anxiety, it was very easy for buyers to get so emotionally involved that they would forget what they had been told by their loan officers and agents about keeping their spending under control.Loan officers will talk about debt ratios and how important they are to a credit score and also getting a more favorable loan interest rate.Buyers will be warned about not getting any new credit cards, or even dropping existing cards.This advice can get lost once the emotions of having a house under contract hit.Sadly, I have experi...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s My Waterbury CT Home’s Value February 2023Waterbury 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 58 active residential listings for sale. The homes for sale in Waterbury CT range from a 865 square ft, 2-bedroom contemporary listed at $149,000 to a 3,238 square ft, 4-bedroom  cape listed at $825,000. These listings are within the town zip codes of 06702, 06704, 06705, 067...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Waterbury CT March 2023 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 17 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 $376,059 with average days in market of 40. There are also currently 17 under pending/show status and 21 under hard deposit status. Through 2 months of this year, there have been 39 closed sales in this zip code with the average value of homes sold at $248,469 with average days on market of 47 days. Through the same period of 2022 there were 42 closed listings in the 06708 zip code of Waterbury ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Almost .... Wordless WednesdayHaving a room that overlooks a golf course allows one to see the various skills that people may or may not possess when it comes to the game.Very few understand that it is a game that cannot be won, just the accomplishment of having a better score than your playing companion.Lost balls are never desired and looking for them can get frustrating, especially if you saw the direction it went.Looking down from my window, I saw a couple of balls that will never be found. Trees can be problems, but palm trees have shelves that are the perfect rest stop for a ball.The group on the fairway had no such problem and were perfectly positioned to reach their green.Almost .... Wordless Wednesday
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
What’s My Waterbury CT Home’s Value January 2023Waterbury 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 83 active residential listings for sale, with 31 new listings being added in January. The homes for sale in Waterbury CT range from a 684 square ft, 2-bedroom cape listed at $84,925 to a 3,238 square ft, 4-bedroom  cape listed at $825,000. These listings are within the town zi...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags  A Waterbury CT Flag Waving ProudlyThere is a cemetery directly across the street from our office.  There is a flag there, but it is sheltered by several large trees, so it is very seldom doing anything other than just on the pole.Yesterday was a different story as the wind direction was perfect and my timing likewise.I try to be observant while doing my routines, but I do not see many flags aside from residential properties. I wonder if the business owners would rather be in some other country.  I will keep a mental note of that when I look for goods and services in the future.Friday Flags  A Waterbury CT Flag Waving Proudly 
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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 ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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 ...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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
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By Ed Silva, 203-206-0754, Central CT Real Estate Broker Serving all equally
(Mapleridge Realty, CT 203-206-0754 )
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...
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