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Wolcott CT Real Estate Sales Report for June 2015

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

Market Statistics for Wolcott CT June 2015

  

 Wolcott CT Real Estate Sales Report for June 2015

 

Currently in Wolcott CT there are 153 active residential listings for sale. They range from a 1,856 square ft, 5-bedroom REO colonial listed at $79,900 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 $282,136. The average days on market for these homes is 118 days. For the month of June, there were 26 new homes listed for sale in Wolcott CT.

  

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There are currently 23 homes under contract in Wolcott CT. The average list price for the homes under contract is $213,690 with average days on market of 56 days. 

 

 Wolcott CT Real Estate Sales Report for June 2015

 

In June 2015, 27 homes closed in Wolcott CT. They ranged from a 1,088 sq ft, 3-bedroom cape, which sold for $52,000 to a 2,712 Sq Ft, 4-bedroom colonial, which sold for $420,000.  Average sales price of the homes that sold was $195,181. Average DOM of 41 days. The closed properties had a sales price to List price ratio of 96%.

 

By comparison, there were 17 closings in Wolcott CT for the month of June 2014, with an average price of $208,342 and avg. days on market of 132. This would indicate that for June 2015 the number of homes sold was 10 more than for the comparable period in 2014 with a 5% decrease in average value and less days on market. 

For the year 2014, the market sales or absorption rate was 14 sales per month, with an average sales value of $209,984 and average days on market of 91.  Using the yearly for 2014 absorption rate, the current inventory of homes is equivalent to a 8+ month inventory.

 

For the first quarter of 2014, the market sales or absorption rate for Wolcott CT was 7 sales per month, with an average sales value of $187,227 and average days on market of 75. This rate with the inventory would be a 12+ month absorption rate. The current market is still considered a buyer’s market. 

For the second quarter of 2014, the market sales or absorption rate for Wolcott CT was 19 sales per month, with an average sales value of $210,607 and average days on market of 73. This rate with the inventory would be a 8+ month absorption rate. The current market is still considered a buyer’s market. 

 

 Wolcott CT Real Estate Sales Report for June 2015 

 

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 Homes for sale

 

Wolcott CT Real Estate Sales Report for June2015

 

Posted by

 

Edward (Ed) Silva
Broker Associate

Serving Central Connecticut Sellers and Buyers

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Comments (12)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed that is a substantial increase in sales and reduction in the DOM.  Lets keep that going!

Jul 31, 2015 11:51 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. Some positive numbers in the right areas. Hopefully these trends continue.

Make it a great weekend!

Jul 31, 2015 07:53 PM
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Saturday morning Ed.… If you have some positive numbers! Hopefully your market will continue to sustain.

Jul 31, 2015 08:01 PM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Ed.  Good numbers except for the sales prices.  Going the wrong way

Jul 31, 2015 08:32 PM
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Hi Ed: I hope that your report for July will show the same spike as in 2014.

Jul 31, 2015 09:03 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Ed, that is looking good and I know you are having a fine time selling lots of real estate in Wolcott, CT. 

Aug 01, 2015 09:46 AM
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

Ed Silva, It looks like real estate is doing well in Wolcott, Ct.  I hope you are able to relax this weekend.

Aug 01, 2015 11:48 AM
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Hi, Ed. This is great real estate information on Wolcott, CT. Both buyers and sellers will appreciate your information and knowledge of the local market. 

Aug 01, 2015 12:33 PM
Nick T Pappas
Assoc. Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, Broker/Providence Property Mgmnt, LLC Huntsville AL - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Ed, just guessing here, but the days on the market for sales sounds reasonable while other homes still on the market have a longer market time...I'm wondering if the reason is because homes in the best condition and priced right are being sold off the market. Could be a lesson for other sellers.

Aug 04, 2015 07:57 AM
Potranco Realty
Potranco Realty - San Antonio, TX
"Sold with Potranco Realty"

Great real estate market report Ed Silva and I hope you have a few of those 23 under contract closing this month. Buyers and Sellers will find your report beneficial making decisions buying or selling.

Aug 04, 2015 09:49 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Ed Silva 

Great market report for Wolcott, it will be interesting to see if the slight dip in prices goes back up or is leveling off. 

Aug 04, 2015 10:47 AM
Barbara Altieri
Better Homes and Gardens RE Shore and Country Properties - Shelton, CT
REALTOR-Fairfield County CT Homes/Condos For Sale

Ed -- Sales up and absorption down. Values up and down. We have had the same. Great info for buyers and sellers provided by Ed Silva who knows the Wolcott and surrounding markets.

Aug 04, 2015 12:00 PM