Market Statistics for Wolcott CT September 2014
Currently in Wolcott CT there are 150 active residential listings for sale. They range from a 1,712 square ft, 2-bedroom ranch, as a for cash sale only listed at $65,000 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 $272,812. The average days on market for these homes is 125 days. For the month of September, there were 32 new homes listed for sale in Wolcott CT.
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There are currently 19 homes under contract in Wolcott CT. The average list price for the homes under contract is $204,642 with average days on market of 151 days.
In September 2014, 11 homes closed in Wolcott CT. They ranged from a 980 sq ft, 2-bedroom ranch, which sold for $83,500 to a 2,764 Sq Ft, 4-bedroom colonial, which sold for $370,000. Average sales price of the homes that sold was $236,864. Average DOM of 66 days. The closed properties had a sales price to List price ratio of 96.1%.
By comparison, there were 16 closings in Wolcott CT for the month of September 2013, with an average price of $249,906 and avg. days on market of 83. This would indicate that for September 2014 the number of homes sold was slightly less than the comparable period in 2013 with a 5 decrease in average value and less 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.
For the third quarter of 2014, the market sales rate was equivalent to 11 sales per month, with an average sales value of $228,685 and average days on market of 72. Using the third quarter absorption rate, the current inventory of homes is equivalent to a 12+ month inventory. The current market is still considered a strong 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 September 2014
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