My New Blog

The final analysis of real estate sales in Naugatuck for the 2009 year showed remarkable stability from the previous year. Like many of the smaller towns in the Naugatuck Valley, this town shows the proportionate increase in property values the further the distance from the river basin.

Also like other towns along the river, this town started it's gradual decline when the Naugatuck river flooded in 1955 wiping out a great deal of the inner core of the city.

This town was once home to the manufacturing operations of Uniroyal Footwear and Uniroyal Chemical, operations that at one time employed over 5,000 people. The 9 acre space they occupied has been vacant for years and is awaiting a resurgence by the development of a commercial, residential, and cultural development called Renaissance Center. This has been stalled due to various problems, not just the economic slowdown.

The sales comparison analysis is as follows:

  CY 2008   CY 2009   Current active   Mos of Inventory   Currently under contract
                   
RESIDENTIAL    228       224       126       10        30
                   
CONDOS      57        67         46         4        11
                   
MULTI-FAMILY      21       19          22         2          6

The analysis is relatively consistent for this town of app 35,000 residents. It also demonstrates that a property priced properly, has an excellent chance of selling within a reasonable amount of time.


Posted by Edward Silva on January 23rd, 2010 10:26 AMPost a Comment (0)

Recent Posts:

Archive:

My Favorite Blogs:

Sites That Link to This Blog:

Serving the towns of  Beacon Falls, Cheshire, Middlebury, Naugatuck, Oakville,
 Prospect, Cheshire, Waterbury, Watertown, and Wolcott 
A member of the RE/MAX New England system


RE/MAX PROFESSIONALS 288 Highland Ave. Cheshire, CT 06410
Phone: Cell: Fax:

Why Title Insurance? | Why Get An Inspection? | Results for You | CONTACT US | Insurance Closing Costs | Free Home Valuation | Find A Home! | How Escrow Works | MLS Pulse | TESTIMONIALS | AVOIDING FORECLOSURE | ACTIVE RAIN | Closing Costs | Get Pre-qualified | Inspection Tips | Home Buyer Checklist | NEWS | REAL ESTATE GLOSSARY | Looking to Sell? | HOME | Applying for a Loan | Mortgage Saving Tips | Document Your Assets | Loan Programs | Mortgage Shopping | Staying Approved | Neighborhood Prices | Creative Financing | 9 Steps to Owning | Mortgage Calculators | Your Dream Home | Staging Your Home | MY BLOG

Copyright © 2012 RE/MAX PROFESSIONALS
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.