Wolcott CT Real Estate Sales Report for May 2014

By
Real Estate Agent with RE/MAX Professionals, CT 203-206-0754 REB.0759001

Market Statistics for Wolcott CT May 2014

 Wolcott CT Real Estate Sales Report for May 2014

 

Search for Homes in Wolcott CT

 

Currently in Wolcott CT there are 132 active residential listings for sale. They range from a 884 square ft, 2-bedroom ranch listed at $74,900 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 $284,710. The average days on market for these homes is 144 days. For the month of May, there were 32 new homes listed for sale in Wolcott CT.

There are currently 11 homes under contract in Wolcott CT. The average list price for the homes under contract is $196,382 with average days on market of 134 days.

 

Wolcott CT Real Estate Sales Report for May 2014 

In May 2014, 14 homes closed in Wolcott CT. They ranged from a 1,949 sq ft, 2-bedroom REO ranch, which sold for $68,150 to a 2,338 Sq Ft, 4-bedroom colonial, which sold for $342,500.  Average sales price of the homes that sold was $211,825. Average DOM of 89 days. The closed properties had a sales price to List price ratio of 94%.

 

By comparison, there were 12 closings in Wolcott CT for the month of May 2013, with an average price of $198,695 and avg. days on market of 43. This would indicate that for May 2014 the number of homes sold was slightly better by 2 units than the same as the previous May with a 10% increase in average value with more 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 2013, 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. Using the same absorption rate, the current inventory of homes is equivalent to a 12-month inventory. The current market is still considered a buyer’s market.

 

 Wolcott CT Real Estate Sales Report for May 2014

 

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 May 2014

Posted by

 

Search for all Connecticut homes 

Subscribe

 

 

 

 

Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

Get Help with Short Sale in Connecticut

    www.ctshortsalesilva.com

 

 

 

 

Whether looking to buy or sell, we service the Greater Waterbury towns of Beacon Falls, Bethany, Cheshire, Naugatuck, Middlebury, Southington, Thomaston, Waterbury, Watertown and Wolcott 

Ed Silva  RE/MAX Professionals,   203-206-0754

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Connecticut New Haven County Wolcott Chesprocott
Groups:
Posts to Localism
Market Updates
City and State
Local Real Estate Market Reports
Market Reports
Tags:
wolcott ct
wolcott ct real estate
selling real estate in wolcott ct
wolcott ct real estate market statistics
buyinh homes in wolcott ct

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,317,651
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

This is a most informative post on the real estate trends for Wolcott CT.  I am sure that consumers will find this information most valuable.

Jun 26, 2014 12:44 PM #1
Rainmaker
2,114,308
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Ed,

To me there is nothing more beautiful on a listing than an American Flag. Ah... this house has excellent curb appeal. How can anyone resist?

Excellent marketing Ed! May you get it sold as quickly as possible. This house needs a new owner to get ready for celebrating the 4th of July, barbeque picnics in the yard, etc.

Jun 26, 2014 03:01 PM #2
Rainmaker
2,304,259
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. Nice job with the report and very detailed. Wish the information was a bit more positive, but is very much what the other towns in CT are experiencing.

Jun 26, 2014 07:38 PM #3
Rainmaker
575,343
Maria Gilda Racelis
Home Buyers Realty, LLC-Manchester, Bolton. Vernon,Ellington - Manchester, CT
Home Ownership is w/in Reach. We Make it Happen!

Good Morning Ed: 1 year of supply. Indeed, it is still a buyer's market in Wolcott. Home buyers should contact Ed to get more leverage.

Jun 27, 2014 01:14 AM #4
Ambassador
2,303,844
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Ed,

Hopefully things will improve more and more.  Good information.

Jun 27, 2014 11:01 AM #5
Ambassador
3,912,291
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed looks like Wolcott numbers are going in the right direction just like Cheshire, even with the DOM in Wolcott being higher than last year.

Jun 27, 2014 11:45 AM #6
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
2,578,248

Ed Silva

Central CT Real Estate Broker Serving all equally
How Can I help you with Connecticut Real Estate?
*
*
*
*
Spam prevention

Additional Information