WOLCOTT CT-REAL ESTATE MARKET REPORT for JANUARY 2014
What does the real estate market look like in Wolcott CT? Well, the year kicks off with average sale prices below last month and last year's average prices, but with volume of sales slight up compared to both last month and last year. Pending prices are on par with average sale prices, up from last month, so Wolcott sellers would be wise to keep an eye on the market trends in the months ahead.
There are 68 Wolcott CT homes for sale, with an average listing price of $289,082 and a median listing price $278,900.
There are 16 pending sales (under contract), with an average asking price of $180,656 and a median asking price of $155,000.
15 homes were sold in Wolcott CT in the month of January, with an average sale price of $181,303 and a median sale price of $160,000. By comparison, in January 2013, 11 homes were sold in Wolcott with an average sale price of $223,900 and a median sale price of $192,500.
The chart below shows the difference between the listing and sales prices for the homes sold in January, as well as the number of days that those properties were on the market before an offer was made and accepted.
So, what should I take away from all of this information? Well, that depends on if you are a buyer or a seller. If you are a seller, you can see how long, on average, it will take to sell your home, the relative price ranges for homes like yours in your area, and the amount you should expect to receive for your home, provided that it is correctly priced and has gained a buyer's interest due to its curb appeal and other factors. If you are a buyer, this tells you how many homes there are on the market in this area and what price range the typical home in this area sells for.
Click Wolcott CT Real Estate - Market Updates for prior Wolcott CT real estate market reports.
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For more details about the Wolcott CT market and to determine if this is the right time to sell, call me at (203) 558-7463(203) 558-7463 to receive a free home evaluation and a list of tips that will help you prepare your home for sale. I look forward to discussing with you Wolcott CT homes for sale.