Wolcott CT Real Estate Sales Report for August 2014

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

Market Statistics for Wolcott CT August 2014

 

 Wolcott CT Real Estate Sales Report for August 2014

Currently in Wolcott CT there are 157 active residential listings for sale. They range from a 1,331 square ft, 4-bedroom cape, as a for cash sale only 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 $278,820. The average days on market for these homes is 129 days. For the month of August, there were 40 new homes listed for sale in Wolcott CT.

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There are currently 17 homes under contract in Wolcott CT. The average list price for the homes under contract is $210,282 with average days on market of 148 days. 

 

Wolcott CT Real Estate Sales Report for August 2014 

 

In August 2014, 15 homes closed in Wolcott CT. They ranged from a 1,104 sq ft, 3-bedroom ranch, which sold for $110,000 to a 2,700 Sq Ft, 4-bedroom colonial, which sold for $375,000.  Average sales price of the homes that sold was $212,993. Average DOM of 91 days. The closed properties had a sales price to List price ratio of 96.5%.

By comparison, there were 9 closings in Wolcott CT for the month of August 2013, with an average price of $215,945 and avg. days on market of 41. This would indicate that for August 2014 the number of homes sold was significantly greater than the comparable period in 2013 with a 1% 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 2014, 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. 

 

For the second quarter of 2014, the market sales rate was equivalent to 11 sales per month, with an average sales value of $211,055 and average days on market of 116. Using the second quarter absorption rate, the current inventory of homes is equivalent to a 12+ month inventory. The current market is still considered a strong buyer’s market. 

 

 Wolcott CT Real Estate Sales Report for August 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 August 2014

 

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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

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

Ed I would say it is a fair trade to increase sales by 40% in exchange for 91 DOM.

Sep 22, 2014 09:55 AM #1
Rainmaker
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Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Ed ....I personally think both stats are great ....I think it will continue to get better as the year progresses!

Sep 22, 2014 09:58 AM #2
Rainmaker
1,678,493
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Ed, I am impressed with the information you have here for buyers and sellers to see to make an informed decision.

Sep 22, 2014 10:41 AM #3
Rainmaker
1,317,651
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Hi Ed - I always learn so much about Wolcott Ct. through your very well done market reports.  I would love to know how you make these graphs.  They are great!

Sep 22, 2014 01:20 PM #4
Rainmaker
2,918,820
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Ed - Thanks for the comprehensive stats Wolcott, Connecticut on real estate sales report for August 2014.

Sep 22, 2014 02:23 PM #5
Rainmaker
1,570,791
David Saks
(retired) - Memphis, TN

Great post and terrific info for the community. Have a fine day ahead.

Sep 22, 2014 06:16 PM #6
Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. Many towns in Connecticut are having their challenges. Nice job with your report, thanks for sharing the information.

Sep 22, 2014 07:40 PM #7
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!

Hi Ed: There are so many houses available in different price ranges. Looks like 2014 is outperforming 2013 in your market. There is still a huge inventory but this is great for the buyers. Great report Ed.

Sep 22, 2014 09:39 PM #8
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