Wolcott CT Real Estate Sales Report for September 2013
Currently in Wolcott CT there are 103 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 $282,353. The average days on market for these homes is 147 days. For the month of September, there were 11 new homes listed for sale in Wolcott CT.
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There are currently 14 homes under contract in Wolcott CT. The average list price for the homes under contract is $189,336 with average days on market of 92 days.
In September, 16 homes closed in Wolcott CT. They ranged from a 1,584 sq ft, 4-bedroom ranch, which sold as a short sale for $70,000 to a 4,249 Sq Ft, 4-bedroom contemporary, which sold for $464,500. Average sales price of the homes that sold was $249,906. Average DOM of 83 days. The closed properties had a sales price to List price ratio of 95.2%.
By comparison, there were 9 closings in Wolcott CT for the month of September 2012, with an average price of $210,700 and avg. days on market of 106. This would indicate that for September 2013 the number of homes sold increased by almost 85% with 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.
For the third quarter of 2013, the market sales rate was also an average of 13 sales per month. Using the same absorption rate, the current inventory of homes is equivalent to almost a 8-month inventory. The current market is still considered a buyer’s market.
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 September 2013
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