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Wolcott CT Real Estate Sales Report for August 2013

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

Wolcott CT Real Estate Sales Report for August 2013

 

Currently in Wolcott CT there are 110 active residential listings for sale. They range from a 928 square ft, 2-bedroom ranch listed at $89,000 to a new construction 3,039 square ft, 4-bedroom colonial listed at $699,000. The average list price of the homes currently available for sale in Wolcott CT is $289,918. The average days on market for these homes is 135 days. For the month of August, there were 23 new homes listed for sale in Wolcott CT.

 

Wolcott CT Aug 2013 Mid Value Active

 

Search for Homes in Wolcott CT

 

 

There are currently 15 homes under contract in Wolcott CT. The average list price for the homes under contract is $178,687 with average days on market of 78 days. 

 

In August, 9 homes closed in Wolcott CT. They ranged from a 1,206 sq ft, 4-bedroom cape, which sold for $75,000 to a 3,204 Sq Ft, 4-bedroom cape, which sold for $466,100.  Average sales price of the homes that sold was $216,389. Average DOM of 41 days. The closed properties had a sales price to List price ratio of 88.7%.

 

 Wolcott CT Aug 2013 Mid Value Sold

 

 

By comparison, there were 9 closings in Wolcott CT for the month of August 2012, with an average price of $213,400 and avg. days on market of 104. This would indicate that for August 2013 the number of homes sold increased but at a slightly lower value and considerably fewer days on market.

 

 

For the year 2012, the market sales or absorption rate for Wolcott CT was 8.5 sales per month, with an average sales value of $217,585 and average days on market of 74. 

 

For the first ¼ of 2013, the market sales or absorption rate for Wolcott CT was 7 sales per month, with an average sales value of $195,605 and average days on market of 118. 

 

For the second quarter of 2013, the market sales rate was also an average of 7 sales per month. Using the same absorption rate, the current inventory of homes is equivalent to almost a 15-month inventory. The current market is still considered a strong buyer’s market.

 

 Wolcott CT Market Statistics

 

 

The graph demonstrates the average monthly sales value in Wolcott CT for the previous 12 months with strong fluctuations from month to month. The values in Wolcott CT have not yet started to stabilize.

 

If you are interested in buying or selling a home in the Wolcott Ct area send me an email or call and we can set up a time to meet.

 

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 discusshomes on the market in Wolcott CT.

 

 

Wolcott CT Real Estate Sales Report for August 2013

 

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (5)

Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Looks like the activity in Wolcott is taking a bit of a breather. Sure does sound like you know the market very well.

Sep 26, 2013 07:14 PM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good morning Ed and good information you have provided on the Wolcott real estate market.  Anyone looking for a REALTOR in the know and on the go would be wise to contact you!

Sep 26, 2013 08:44 PM
Toni Weidman
Sailwinds Realty - Trinity, FL
20+ Years Selling Homes in New Port Richey, FL

Nicely presented market report, Ed. Hope everyone calls Ed Silva for real estate concerns.

Sep 27, 2013 01:23 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Ed   Very good Market report on Wolcot Ct.Once again proving you are the areas Real Esate Expert .

Sep 27, 2013 09:23 AM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

Ed, it looks like your year to year sales from August has really come down. . I wonder what was the reason? 

Sep 28, 2013 05:08 AM