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

Wolcott CT Real Estate Sales Report for December 2015

Market Statistics for Wolcott CT December 2015

 

 Wolcott CT Real Estate Sales Report for December 2015

Currently in Wolcott CT there are 112 active residential listings for sale. They range from a 1,300 square ft, 3-bedroom ranch listed at $88,400 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 $290,195. The average days on market for these homes is 186 days. For the month of December, there were 13 new homes listed for sale in Wolcott CT.

 

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There are currently 9 homes under contract in Wolcott CT. The average list price for the homes under contract is $250,233 with average days on market of 86 days.

 

 Wolcott CT Real Estate Sales Report for December 2015

 

In December 2015, 13 homes closed in Wolcott CT. They ranged from a 1,486 sq ft, 3-bedroom REO colonial, which sold for $22,000 to a 3,120 Sq ft, 4-bedroom colonial, which sold for $385,000.  Average sales price of the homes that sold was $190,350 with average DOM of 77 days.

 

By comparison, there were 21 closings in Wolcott CT for the month of December 2014, with an average price of $203,792 and avg. days on market of 81. This would indicate that for December 2015 the number of homes sold was less by 8 units than the comparable period in 2014 with a 6% decrease in average value but less 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. 

For the fourth quarter of 2015, the market sales or absorption rate for Wolcott CT was 16 sales per month, with an average sales value of $212,517 and average days on market of 88.  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 Real Estate Sales Report for December 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 December2015

 

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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 3 commentsEd Silva • January 22 2016 06:51AM

Comments

Hi Ed - great market report about Wolcott. That is a excellent graph and helps to see the selling price, and glad you include absorption rate.

Posted by Sharon Paxson, Newport Beach Real Estate (Compass) almost 3 years ago

Ed given that several of the towns around you have been doing better at the end of 2015 than they did in 2014, I am surprised Wolcott is not one of them.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) almost 3 years ago

Hi Ed.  So if your home doesn't sell in 86 days it's on for 8+ months.  Yuck.

Posted by Conrad Allen, Webster, Ma, Realtor (Re/Max Professional Associates) almost 3 years ago

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