Wolcott CT 2020 Year End Real Estate Market Analysis

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

Wolcott CT 2020 Year End Real Estate Market Analysis

The year 2020 was an unusual year for so many reasons.  With the pronouncement of the pandemic back in mid February of the year, the world watched in disbelief as the virus spread at an incredibly fast pace and affected all ages all over the  world.

As business ground to a slow halt, it was a matter of where could one go and how safe would we be.  In the world of real estate, the exuberance of the business that had started in 2019 started to slow the enthusiasm as people became wary of venturing into homes not knowing who was there or their health. Likewise, sellers were wary of having people come into their homes and possibly bringing in a bacterial issue that would infect their families.

In spite of this, after a brief pause the market in Wolcott began its rise and finished the year strong.

Wolcott CT 2020 Year End Real Estate Market Analysis 

For the year 2019, the market sales or absorption rate was 17 sales per month, with an average sales value of $236,283 and average days on market of 52.

For the year 2020, the market sales or absorption rate was almost 22 sales per month, with an average sales value of $263,233 and average days on market of 77. The values saw an 11% increase over the previous year.

 Wolcott CT 2020 Year End Real Estate Market Analysis

While sales were consistent and exceeded the previous year, it was a decidedly strong market and indications are that it will carry over into the new year as well.

The New Year will start off with a strong report as there are 27 listings currently going through the closing process and as the weather gets warmer more activity will surely hit the market.

Wolcott CT 2020 Year End Real Estate Market Analysis

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.

 

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Wolcott CT 2020 Year End Real Estate Market Analysis

 

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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  Mapleridge Realty, LLC,   203-206-0754

Comments (10)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Ed Silva - Wolcott CT certainly had a successful year in 2020.  Hope for more in 2021.

Jan 25, 2021 05:49 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Grant Schneider   It was a good year ad a couple of those deals were mine

Jan 25, 2021 06:08 AM
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Ed,

Wolcott had a good year, and I am glad that your were in the mix.  Wishing you an even better 2021.  A

Jan 25, 2021 01:15 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed I am still surprised at how much the increase in sales in 2020 over 2019 with all the issues we had in 2020.

Jan 25, 2021 02:07 PM
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Wolcott home buyers and sellers are sure to value your real estate market report, Ed.

Jan 25, 2021 03:04 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nice to read that even though it was a stressful year, Wolcott CT had a strong Real Estate finish!

Jan 26, 2021 05:38 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local real estate reports.

Take care, be safe and have a great day.

Jan 26, 2021 07:40 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Ron and Alexandra Seigel   A   Wolcott did have a good year and I was happy that a couple of clients sought my assistance

George Souto   Low interest rates are a wonderful incentive

Jan 26, 2021 04:20 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Myrl Jeffcoat   2021 is also starting out on a positive as well.

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400   Evidently people were looking to isolate in a little more space

Jan 26, 2021 04:22 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Roy Kelley  Hopefully it brings the type of information people seek

Jan 26, 2021 04:23 PM