Wolcott CT Real Estate Sales Report for January 2014
Currently in Wolcott CT there are 89 active residential listings for sale. They range from a 986 square ft, 1-bedroom cape listed at $59,900 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 $288,461. The average days on market for these homes is 157 days. For the month of January, there were 15 new homes listed for sale in Wolcott CT.
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There are currently 13 homes under contract in Wolcott CT. The average list price for the homes under contract is $183,469 with average days on market of 88 days.
In January, 15 homes closed in Wolcott CT. They ranged from a 1,114 sq ft, 3-bedroom cape, which sold for $45,000 to a 3,383 Sq Ft, 3-bedroom waterfront colonial, which sold for $550,000. Average sales price of the homes that sold was $181,303. Average DOM of 74 days. The closed properties had a sales price to List price ratio of 91.6%.
By comparison, there were 11 closings in Wolcott CT for the month of January 2013, with an average price of $223,900 and avg. days on market of 115. This would indicate that for January 2014 the number of homes sold increased by 4 units but with a 20% decrease in average value with fewer days on market.
For the year 2013, the market sales or absorption rate for Wolcott CT was 10 sales per month, with an average sales value of $213,830 and average days on market of 82. Using the same absorption rate, the current inventory of homes is equivalent to almost a 9-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 discuss homes on the market in Wolcott CT.
Wolcott CT Real Estate Sales Report for January 2014
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