Ed's Chesprocott Region Blog: Wolcott CT Real Estate Sales Report for September 2015

Wolcott CT Real Estate Sales Report for September 2015

Market Statistics for Wolcott CT September 2015 

 

Wolcott CT Real Estate Sales Report for September 2015

Currently in Wolcott CT there are 125 active residential listings for sale. They range from a 980 square ft, 3-bedroom ranch listed at $56,100 to a 4,031 square ft, 7-bedroom ranch listed at $799,900. The average list price of the homes currently available for sale in Wolcott CT is $288,666. The average days on market for these homes is 167 days. For the month of September, there were 19 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 $211,148 with average days on market of 110 days.

 

Wolcott CT Real Estate Sales Report for September 2015

 

In September 2015, 13 homes closed in Wolcott CT. They ranged from a 1,144 sq ft, 3-bedroom ranch, which sold for $88,500 to a 5,191 Sq Ft, 4-bedroom colonial, which sold for $612,000.  Average sales price of the homes that sold was $263,178 with average DOM of 110 days.

 

By comparison, there were 13 closings in Wolcott CT for the month of September 2014, with an average price of $230,038 and avg. days on market of 75. This would indicate that for September 2015 the number of homes sold was the same as the comparable period in 2014 with a 13% increase in average value and longer days on market.

 

For the year 2014, the market sales or absorption rate was 14 sales per month, with an average sales value of $209,984 and average days on market of 91. Using the yearly for 2014 absorption rate, the current inventory of homes is equivalent to a 8+ month inventory.

For the first quarter of 2015, the market sales or absorption rate for Wolcott CT was 7 sales per month, with an average sales value of $187,227 and average days on market of 75. This rate with the inventory would be a 12+ month absorption rate. The current market is still considered a buyer’s market. 

For the second quarter of 2015, the market sales or absorption rate for Wolcott CT was 19 sales per month, with an average sales value of $210,607 and average days on market of 73. 

For the third quarter of 2015, the market sales or absorption rate for Wolcott CT was 18 sales per month, with an average sales value of $233,813 and average days on market of 67. This rate with the inventory would be a 7+ month absorption rate. The current market is still considered a buyer’s market trending to a neutral market. 

 

 Wolcott CT Market Trends Sept 2015

 

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 demonstrated an increase in value over the last 4 months. 

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.

 

 

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Wolcott CT Real Estate Sales Report for September2015

 

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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,  www.edwardsilva.com  203-206-0754

Comment balloon 5 commentsEd Silva • October 24 2015 09:30AM

Comments

Hi Ed Silva , Another nice market report for Wolcott CT.  Have a good weekend.

Posted by Larry Johnston, Broker,Friends & Neighbors Real Estate, Elkhart,IN (Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC) over 1 year ago

Ed it looks like from you two market reports today on Cheshire and Wolcott that the housing market here in Ct is still lagging behind our neighboring states.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 1 year ago

Hi Ed, well done Wolcott CT market report. Your in depth analysis answers ail the questions clients may have.

Posted by Noah Seidenberg, Chicagoland and Suburbs (800) 858-7917 (Coldwell Banker) over 1 year ago

Good morning Ed. Hopefully we continue to see the values grow. The entire state could use more appreciation.

Posted by Joe Petrowsky, Your Mortgage Consultant for Life (Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709) over 1 year ago

Hi Ed.  It is about time that values started going up in NE Ct.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) over 1 year ago

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