Market Statistics for Wolcott CT June 2014
Currently in Wolcott CT there are 132 active residential listings for sale. They range from a 1,100 square ft, 3-bedroom cape listed at $55,000 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 $285,308. The average days on market for these homes is 137 days. For the month of June, there were 18 new homes listed for sale in Wolcott CT.
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There are currently 12 homes under contract in Wolcott CT. The average list price for the homes under contract is $214,842 with average days on market of 157 days.
In June 2014, 17 homes closed in Wolcott CT. They ranged from a 986 sq ft, 1-bedroom REO cape, which sold for $30,000 to a 3,290 Sq Ft, 4-bedroom colonial, which sold for $436,000. Average sales price of the homes that sold was $208,342. Average DOM of 140 days. The closed properties had a sales price to List price ratio of 95%.
By comparison, there were 9 closings in Wolcott CT for the month of June 2013, with an average price of $160,471 and avg. days on market of 83. This would indicate that for June 2014 the number of homes sold was significantly better by almost 100% than the previous June with a 12% increase in average value with more 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.
For the year first quarter of 2014, the market sales or absorption rate for Wolcott CT was 10 sales per month, with an average sales value of $197,746 and average days on market of 84.
For the second quarter of 2014, the market sales rate was equivalent to 11 sales per month, with an average sales value of $211,055 and average days on market of 116. Using the second quarter absorption rate, the current inventory of homes is equivalent to a 12+ 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 June 2014
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