Market Statistics for Wolcott CT 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.
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.
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 June2015
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