East Mountain Waterbury, CT Real Estate - Market Update February 2010     Here’s a look at what’s been happening in Waterbury's East Mountain real estate market : Active Listings 15 New Listings 0 Average List Price $186,633 Median List Price $184,900 Average Sq. Ft. 1609 Median Sq. Ft. 1452 List Price Houses % < 100,000 3 20 100,001-150,000 9 60 150,001-200,000 1 7 >200,001 2 13 There are 15 homes for sale in the East Mountain neighborhood of Waterbury, CT ; of those, five were listed in the last month. The average size of the homes for sale has remained the same in comparison to similar neighborhoods relative to the prices being asked for them. Here's a breakdown of the prices in the East Mountain-Waterbury, CT neighborhood:         These are the newly listed homes for sale on the ma... 02/10/2010

With qualified buyers in the market place looking for the best deal they can get, they are first drawn to the idea of getting a bargain with a foreclosure. The belief is that the desperate banks will accept a good offer even if it's not near the asking price. If the foreclosure is a clean home requiring minimum work to make it move in comfortable, then it's not likely to stay on the market long and often will see multiple bids, ultimately being sold over asking. The market demonstrates a reluctance to pursue a listing that is being offered as a distressed or short sale listing. So much is written about the banks' reluctance to negotiate a short sale, or lack of response, or delayed response. This leads to the frustration of waiting weeks or months to hear whether or not the bank will s... 02/08/2010

65 Bentwood Rd, U-3 Waterbury Ct  $105,000 A true 3 bedroom condo set up with multi levels; oversized kitchen with large eat-in area and sliders to private patio and rear yardlarge formal living roomlarge master bedroom with plenty of closet space2 spacious bedrooms for the familyfinished lower level family room with laundry hook ups and storage closet   Level(s): 4 Floor: Carpet, Ceramic Tile Living Areas: 1 Dining Areas: 1 Basement: Finished Garage: None Parking: 2 Per Unit Heating: Baseboard, Electric Heat Cooling: Ceiling Fan(s), Wall Unit(s) Appliances: Dishwasher, Oven/Range Electric   Total Rooms: 6Bedrooms: 3Full Baths: 11/2 Baths: 1Sq. Ft.: 1276 *MOLBuilt: 1976MLS: W1055161   02/08/2010

Waterbury, CT Real Estate Market Update in Zip Code 06706   Here is the most recent information on the real estate market for single family homes in Waterbury, CT in the 06706 zip code. This area includes the following neighborhoods: East Mountain, Hopeville, Mohawk Park, Platts Mills, South End, and Washington Park.   Homes for Sale 51 Average Listing Price $147,210 Average Sq. Ft. 1345 Months of Inventory 8   Home Sales (January 2010) 4 Average Sale Price $97,700 Average Days on Market 87   The real estate market in Waterbury, CT 06706 is, with 8 months of inventory at the current sales pace of 6.3 units per month being sold, still in a buyer’s market. 02/08/2010

Waterbury, CT Real Estate Market Update in Zip Code 06710   Here is the most recent information on the real estate market for single family homes in Waterbury, CT 06710. This area includes the following neighborhoods: Historic Hillside, Historic Overlook, and Willow/Plaza.   Homes for Sale 35 Average Listing Price $141,633 Average Sq. Ft. 1863 Months of Inventory 6   Home Sales (January 2010) 5 Average Sale Price $111,580 Average Days on Market 86   The real estate market in Waterbury 06710 has reached a balanced market in January, with 6 months of inventory remaining, with a sales rate of 5.67 homes being sold per month. We will continue to see how this area performs, as prices appear to be stabilizing somewhat. 02/07/2010

Waterbury, CT Real Estate Market Update in Zip Code 06708   Here is the most recent information on the real estate market for single family homes in Waterbury, CT 06708. This area includes the following neighborhoods: Brooklyn, Bunker Hill, Country Club, Robinwood, Town Plot, and Western Hills.   Homes for Sale 142 Average Listing Price $183,743 Average Sq. Ft. 1583 Months of Inventory 8.7   Home Sales (January 2010) 10 Average Sale Price $166,840 Average Days on Market 109   The real estate market in Waterbury CT 06708 remains a buyer’s market, with almost 9 months of inventory. Average prices in these areas tend to be on the high side due to the Country Club neighborhood, which boasts the most expensive homes in Waterbury.   02/07/2010

Waterbury, CT Real Estate Market Update in Zip Code 06705   Here is the most recent information on the real estate market for single family homes in Waterbury, CT in the 06705 zip code. This area includes the following neighborhoods: East Farms, Fairlawn, and Mill Plain (Meriden/Woodtick)   Homes for Sale 97 Average Listing Price $155,996 Average Sq. Ft. 1374 Months of Inventory 7   Home Sales (January 2010) 11 Average Sale Price $120,764 Average Days on Market 127   The real estate market in Waterbury, CT 06705 remains a buyer’s market with 7 months of inventory. The trend still points towards a flattening out of both prices and amount of inventory over the next several months. 02/07/2010

Waterbury, CT Real Estate Market Updates in Zip Code 06704   Here is the most recent information on the real estate market for single family homes in Waterbury, CT in the 06704 zip code. This area includes the following neighborhoods: Bucks Hill, Crownbrook, Fairmount, Lakewood, Long Hill, North End, Upper Fulton Park, Walnut-Orange-Walsh(WOW), and Waterville.   Homes for Sale 113 Average Listing Price $129,844 Average Sq. Ft. 1368 Months of Inventory 8.8   Home Sales (January 2010) 8 Average Sale Price $114,469 Average Days on Market 81   The real estate market in Waterbury, CT 06704 continues to be a buyer’s market, with almost 9 months supply of inventory. A decrease in the average listing price has the potential of bringing out more buyers, helping to balance the market eventually. ... 02/07/2010

Harsh winter a sign of disruptive climate change, or another cause of global warning. This is a reality that the earth's oceans are getting warmer and the end result is a change to the ice density of the polar caps. Last week a group of concerned activists assembled to protest Global Warming.   02/04/2010

There are only 87 Days left to get a home under contract in order to qualify for the First Time Homebuyer's Tax credit and the expanded $6,500 for Move-up buyers. Last December, the First Time Home Buyers Tax Credit was extended and expanded.  Previously, the First Time Home Buyers Tax Credit was only available for first time home buyers (those buyers who had not owned a home in the three years previous to the current purchase) and was only available on homes that closed escrow before December 1, 2009. However, President Obama signed an extension on this deadline to apply to any homes purchased from November 6, 2009 to May 1, 2010 and allowed all homes that have a binding sales contract signed by April 30, 2010 to qualify for the up to $8000 tax credit (based on purchase price of home)... 02/03/2010

Today is Groundhog Day, the annual right of early spring when a known member of the rodent family, known as either Punxsutawney Phil, or Staten Island Chuck, or Sir Walter Wally, or General Beauregard Lee or Wiarton Willie and a host of others. Punxsutawney Phil and his cousins has emerged to see his shadow before chilly revelers, meaning winter will last another six weeks. German tradition holds that if a hibernating animal sees its shadow on Feb. 2 - the Christian holiday of Candlemas - winter will last another six weeks. If no shadow is seen, legend says spring will come early. The Inner Circle of the Punxsutawney Groundhog Club annually announces Phil's forecast at dawn on Gobbler's Knob, about 65 miles northeast of Pittsburgh. Phil's announcement came before hundreds of onlookers ... 02/02/2010

The stimulus programs keep on coming first there was "cash for clunkers" the automobile rebate program that ended in August 2009 to spur automobile purchases, and then the recent government appliance rebate program "cash for refrigerators" giving cash rebates up to $500 for replacing old, inefficient household appliances such as refrigerators, freezers, air conditioners and furnaces with newer Energy Star-rated appliances and now... "Cash For Fannie Mae's" the just announced program will be giving people who purchase a Fannie Mae-owned property up to 3.5 percent of the final sales price to be used toward closing cost assistance or their choice of Whirlpool appliances. The new program is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com befor... 01/29/2010

The CHFA Homebuyer Mortgage Program interest rates are remained steady for the week of January 25th with the CHFA mortgage rates at historical lows of 4.375%. The current rates for CHFA are in effect until Thursday, February 4, 2010 : _____________________________________________ Homebuyer Mortgage ProgramInterest rate:  4.375 % (APR range 4.475 - 4.875 %)Term - 30 years, fixed rateDownpayment Assistance Program (DAP)   Interest rate:  4.375 % (APR range 4.475 - 4.875 %)Term - 30 years, fixed rate Urban Rehabilitation Homeownership (UR Home) ProgramInterest rate:  4.125 % (APR range 4.225 - 4.625 %)Term - 30 years, fixed rate Pilot Homeownership and Downpayment Assistance Program for ManchesterInterest rate:  4.375 % (APR range 4.475 - 4.875)Term - 30 years, fixed rate Homeownership Pro... 01/28/2010

  This was the view I caught of the sun rising over Waterbury last week from atop Bucks Hill. It was truly a sight to behold. I'm glad that I had my camera ready that morning. I've always loved pictures like this, and always wondered how people managed to capture the beauty of the sun over various landscapes. Now I know. 01/27/2010

Mortgage bond prices rose last week pushing Connecticut mortgage rates lower. The bond market rallied following crumbling stocks as the DOW fell 213 points Thursday. Weekly jobless claims came in higher than expected causing unemployment fears to cast a shadow over the state of the economy. In a consumer based economy it is difficult for people to spend money without a job. The producer price index was mixed as the headline figure was higher than expected but the core was lower than expected. For the week interest rates fell by about 1/4 of a discount point. The Fed meeting Wednesday will be the most important event this week. The Treasury will continue the record auctions with 2-year notes on Tuesday, 5-year notes on Wednesday, and 7-year notes on Thursday. If foreign demand remains de... 01/25/2010

Unique 1 level living in this custom built ranch.Attention to detail throughout. This home is perfect for those that love to entertain. Open floor plan with unmatched space. Large lot, in ground Pool with great views, top of the line appliances, this is a must seeLarge gourmet kitchen opens into dining room and an oversized great room perfect for entertaining. Sliders lead to the in ground pool with great views. The property is on the Waterbury Prospect Line and is a perfect commuter location. Full basement with 1 finished room could easily be a third bedroom. There is plenty of room for more. 2 car garage, 1st floor laundry, full generator hookup, and built in custom cabinets like you have never seen before. 01/21/2010

The final analysis of sales of residential properties in Waterbury for the 2009 year shows a definite decline from the values of 2008. Being the 5th largest city in Ct and having a tradition of an old New England manufacturing town, it carries a negative stigma which is not deserved. The history of the town is the reason for property values being among the lowest in the state, and therefore is a starting point for many first time buyers not only within the state, but with New York City only an hours train ride away, many people found their way up here to but a home that would never be available to them in the boroughs.   The sales numbers carry over as follows:                     CY 2009   CY 2008   Current active   Mos of Inventory Currently under contract                   RESIDENTIA... 01/20/2010

Market CommentMortgage bond prices rose last week pushing CT mortgage rates lower. The bond market rallied nicely Tuesday following moves by China to curb growth. Oil prices fell almost immediately providing a much-needed reprieve following the recent run up in prices tied to severe cold weather across the US. The consumer price index data showed tame inflation, which also helped CT rates improve. For the week interest rates fell by about 1/2 of a discount point. The inflation data Wednesday will be the most important economic release this week. Signs of stronger than expected inflation would not be good for CT mortgage rates. The bond market is closed Monday in honor of the Martin Luther King holiday. Interest rates may be volatile Tuesday as trading resumes following the extended holi... 01/18/2010

Activerain's Ed Silva shares Secrets from Waterbury, CT Hear Ed Silva, co/owner of RE/MAX Partners on Thursday, January 21, 2010 at 11:00 a.m. talk about the Real Estate Secrets of the Waterbury CT area on blogtalkradio.  Call in to 347-994-1903 or listen on the computer and ask questions in the chat room! Ed Silva has lived in the Waterbury, Connecticut area his entire life.  His professional career started out as a design engineer for an aerospace company in CT. Unfortunately the down turn in the aerospace industry in the early 70's made his tenure was short lived. Ed turned to machine design and plant engineering, and went specifically into wet process equipment as relates to manufacturing companies and their environmental wastes. He was a national sales manager for 2 well known comp... 01/17/2010

CHFA Mortgage Program interest rates are remained steady for the week of January 11th with the CHFA homebuyer program at historical lows of 4.5%. The current rates for CHFA are in effect until Thursday, January 21, 2010 : _____________________________________________ Homebuyer Mortgage ProgramInterest rate:  4.5 % (APR range 4.475 - 4.875 %)Term - 30 years, fixed rateDownpayment Assistance Program (DAP)   Interest rate:  4.5 % (APR range 4.475 - 4.875 %)Term - 30 years, fixed rate Urban Rehabilitation Homeownership (UR Home) ProgramInterest rate:  4.25 % (APR range 4.225 - 4.625 %)Term - 30 years, fixed rate Pilot Homeownership and Downpayment Assistance Program for ManchesterInterest rate:  4.375 % (APR range 4.475 - 4.875)Term - 30 years, fixed rate Homeownership Program,Home of Your ... 01/14/2010