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Waterbury, CT Real Estate News

By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
Waterbury CT June 5, 2023 Housing Trends 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 8 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 $384,088 with average days in market of 58.  This is down from the 16 active listings for the month of May 2023 and the average sales price of  $315,338.This demonstrates that in a 30 day span, inventory decreased by 50% while values appreciated by 18%. The 06708 Zip code of Waterbury, or West Side is a very active market for real estate.There are also currently 32 homes under pending/show stat...
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By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
Greater Waterbury CT Memorial Day EventsAs a weekend of festivities are in full flow, and to remember the brave men and women that gave their lives for our country, below are some events in the Greater Waterbury area for people to enjoy and participate.SundayWATERBURY: Parade will start on Freight Street at 1 p.m. and conclude in front of the Elks Lodge on West Main Street followed by ceremonies on the Green. The parade route will start on Freight Street, east on Grand Street, north on Bank Street, west on the south side of the Green on West Main Street and pass the Elks Lodge to Meadow Street, where the parade will end. Ceremonies on the Green will start after the parade. Waterbury Veterans Memorial Committee will host its annual Memorial Day patriotic services at 2 p.m. at the Green. ...
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By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags in Waterbury CT 06706As I was approaching the hill leading to the 9th green at the East Mountain golf course, I looked up to see the flag billowing in the breeze that had caused havoc with the golf ball all morning.The billowing of this flag was far more appreciated than the wind effect on the ball in flight or as rolling across the greens.We enjoy so many freedoms and me especially when my wife gives me permission to play a little golf.Friday Flags in Waterbury CT 06706
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By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
April 2023 Real Estate Sales Report for Waterbury CTWhat’s My Waterbury CT Home’s Value April 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 mills they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 63 active residential listings for sale. The homes for sale in Waterbury CT range from a 1,168 square ft, 3-bedroom half duplex listed at $161,500 to a 4,042 square ft, 5-bedroom  colonial listed at $775,000. These listings are...
Comments 11
By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
Friday Flags in Waterbury CT 06705Earlie this week, I was passing through the East End of Waterbury, Zip code 06705.I had to pause in front of a cemetery as a long procession was entering.  The flag in front of the plot was fluttering in the breeze, and once I could I pulled into a lot to walk up and take a photo.There wasn't enough wind to make it unfurl completely but my patience was rewarded with this shot.How appropriate if the burial was for a veteran and the angels were honoring the departed as well.I am never too hurried to honor the flag for which I also served.Friday Flags in Waterbury CT 06705
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By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
51st Annual Mother's Day Greek Festival in Waterbury CT May 11-14Waterbury CT Mother's Day Greek Festival May 11-14 Sponsored by Holy Trinity Greek Orthodox Church937 Chase Parkway, Waterbury, CT 06708The tent is up, the chairs and tables are in, the booths and food cases are still empty, but when it starts on Thursday morning, all will be ready for the festivalCome and Enjoy authentic Greek food, entertainment and the fellowship of your friends and neighbors.There will be plants for sale, Greek delicacies, and beverages, dance demonstrations and for the willing, try your best at the ‘Zorba’ dance.The Festival Web Site offers the full menu and schedule of events.Some of the menu items included:Souvlaki, Greek shish kabobPastitsio, Baked layers of macaroni with seasoned beef, cheese and ...
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By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
Waterbury CT May 2, 2023 Housing Trends 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 16 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 $315,338 with average days in market of 55. There are also currently 14 under pending/show status and 25 under hard deposit status. Through 4 months of this year, there have been 82 closed sales in this zip code with the average value of homes sold at $248,004 with average days on market of 43 days. Through the same period of 2022 there were 87 closed listings in the 06708 zip code of Waterbury...
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By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
May 2023 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 12 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 $229,758 with average days in market of 26. Also, there are currently 23 properties under contract or hard deposit. For the year 2022 there were 219 closed listings in the 06705 zip code of Waterbury with an average sales price of $218,269 and days on market of 32. Through the current period of 2023, there have been 55 closings with an average sales p...
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By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
Earth Day 2023  Working to Save our Environment Today is Earth Day, and in communities across the country people are mobilizing to clean up their shared green spaces and waterways, plant air-cleaning trees and bring more attention to climate change.This year’s Earth Day theme is “Invest in Our Planet.” EarthDay.org, which works with more than 150,000 partners in 192 countries, is inviting people to pledge online to take actions like growing more trees, support sustainable fashion or helping end plastic pollution.History of Earth Day Earth Day was the brainchild of Sen. Gaylord Nelson of Wisconsin, a staunch environmentalist who hoped to provide unity to the grassroots environmental movement and increase ecological awareness.Nelson—whose efforts in Congress included legislation protectin...
Comments 13
By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
What’s My Waterbury CT Home’s Value March 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 mills they used for raw materials and converting to cheaper and lighter aluminum or plastic. Currently in Waterbury CT there are 57 active residential listings for sale. The homes for sale in Waterbury CT range from a 1,024 square ft, 2-bedroom row house listed at $70,000 to a 4,042 square ft, 5-bedroom  colonial listed at $775,000. These listings are within the town zip codes of 06702, 06704, 06705, 0670...
Comments 7
By Ed Silva, 203-206-0754, Associate Real Estate Broker
(Mapleridge Realty, CT 203-206-0754 )
I Don't Have Any Hot WaterI received an early morning phone call from a distressed young lady. She identified herself as a new tenant in a condo. I asked her where the condo we located and she told me, which brought an image to mind.I have no hot water she sobbed. How do I get it?  I told her to look at the electrical panel and see if the breaker was on or off.I also suggested that she look at the hot water heat after I told her where it might be located and see if it had a valve that was turned off.I also told her that if the breaker had been turned off, then she would have to wait for the water to heat up before she could use it.I then asked her how she came to call me, and she said mine was the only number on the website. Actually, it was a blog post I had written about the complex y...
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By Ed Silva, 203-206-0754, Associate Real Estate Broker
(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, Associate Real Estate Broker
(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, Associate Real Estate Broker
(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...
Comments 17
By Ed Silva, 203-206-0754, Associate Real Estate Broker
(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...
Comments 7
By Ed Silva, 203-206-0754, Associate Real Estate Broker
(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 ...
Comments 6
By Ed Silva, 203-206-0754, Associate Real Estate Broker
(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, Associate Real Estate Broker
(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...
Comments 7
By Ed Silva, 203-206-0754, Associate Real Estate Broker
(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 
Comments 16
By Ed Silva, 203-206-0754, Associate Real Estate Broker
(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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