February 2011 Real Estate Sales Report for Wolcott CT
Currently in Wolcott CT there are 99 active residential listings for sale, with 19 new listings being added in February. The homes for sale in Wolcott CT range from a 1,019 square ft, 3-bedroom cape listed at $135,000 to a 7,765 square ft, 6 bedroom, lake front contemporary estate listed at $1,950,000.
The average list price of the homes currently available for sale in Wolcott CT is $301,554. The average days on market for these homes is 175 days. In addition, there are currently 10 homes under contract in Wolcott CT, four of which went under contract in February.
In February, 6 homes closed in Wolcott CT. They ranged from a 2,573 square ft, 3-bedroom cape that sold for $260,000 to a 912 square ft, 3-bedroom ranch that sold for $150,000. Average DOM of 177 days.
By comparison, there were 6 closings in Wolcott CT for the month of February 2010, with an average price of $334,750 and avg. days on market of 82.
For the entire year of 2010, the market sales or absorption rate for residential properties was just app 8.5 sales per month, with an average sales value of $221,512 and average days on market of 88.
The current inventory of homes is equivalent to a 11+-month inventory.
There are currently 23 condos for sale Wolcott CT. They range in price from $469,900 for a 2,800 sq ft, 3 bedroom, active Adult's only condo to $ 152,900 for a 2 bedroom, 1,380 sq ft town house condo. Median days on market for condos is 145.
There are no condos currently under contract in Wolcott CT and no condos closed in Wolcott CT in February 2011.
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 Wolcott CT, 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 Wolcott CT.
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