Wolcott CT Real Estate Sales Report for July 2012

Wolcott CT Real Estate Sales Report for July 2012

Currently in Wolcott CT there are 99 active residential listings for sale. They range from a 1,080 square ft, 3-bedroom ranch listed at $99,900 to a 3,868 square ft, 7-bedroom ranch listed at $799,900.

The average list price of the homes currently available for sale in Wolcott CT is $302,843. The average days on market for these homes is 136 days. For the month of July, there were 22 homes listed for sale in Wolcott CT.  

There are currently 12 homes under contract in Wolcott CT, with 2 having gone under contract in the month of July. The average list price for the homes under contract is $256,034 with average days on market of 149 days.

In July, 9 homes closed in Wolcott CT. They ranged from a 1,375 sq ft, 3-bedroom, ranch which sold for $85,000 to a 3,242 sq ft 4-bedroom contemporary cape, which sold for $457,000.  Average sales price of the homes that sold was $226,855. Average DOM of 104 days. The closed properties had a Sales price to List price ratio of 92.7%. 

By comparison, there were also 12 closings in Wolcott CT for the month of July 2011, with an average price of $175,160 and avg. days on market of 72. This indicates that the value of homes sold in 2012 were considerably lower in value, with less time on market.

For the year 2011, the market sales or absorption rate was 9 sales per month, with an average sales value of $228,828 and average days on market of 88.

For the first 6 months of 2012, the market sales or absorption rate was 8 sales per month, with an average sales value of $201,202 and average days on market of 107.

By comparison to 2011, the current market is selling at a similar number of homes per month, but the values are averaging almost 14% less than 2011 with longer days on market. The current inventory of homes is equivalent to a 13 month inventory, which is a very strong buyer’s market.

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 at edsilva@remax.net. I would be happy to assist you or to discuss homes on the market in Wolcott CT.

Wolcott CT Real Estate Sales Report for July 2012