Market Statistics for Wolcott CT January 2017
Currently in Wolcott CT there are 90 active residential listings for sale. They range from a 978 square ft, 2-bedroom ranch listed at $68,000 to a 2,896 square ft, 4-colonial listed at $598,500. The average list price of the homes currently available for sale in Wolcott CT is $266,136. The average days on market for these homes is 214 days. For the month of January, there were 9 new homes listed for sale in Wolcott CT. There are currently 13 homes under contract in Wolcott CT.
In January 2017, 11 homes closed in Wolcott CT. They ranged from a 1,092 sq ft, 3-bedroom ranch, which sold for $145,000 to a 4,789 Sq Ft, 4-bedroom colonial, which sold for $615,000. Average sales price of the homes that sold was $315,650. Average DOM of 64 days.
By comparison, there were 8 closings in Wolcott CT for the month of January 2016, with an average price of $289,175 and avg. days on market of 86. This would indicate that for January 2017 the number of homes sold was greater by 3 for the comparable period in 2016 and with a 5% increase in average value and with less days on market.
For the year 2016, the market sales or absorption rate was 15 sales per month, with an average sales value of $230,432 and average days on market of 81.
This rate with the current inventory would be a 6+ month absorption rate. The current market is still considered a buyer’s market, but trending to a neutral market.
The graph demonstrates the average monthly sales value in Wolcott CT for the previous 12 months with strong fluctuations from month to month, and a tendency to increasing values over the last 3 months. The values in Wolcott CT are showing slight signs of improvement or consistency.
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.
Wolcott CT Real Estate Sales Report for January2016
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