Market Statistics for Wolcott CT January 2016
Currently in Wolcott CT there are 110 active residential listings for sale. They range from a 1,152 square ft, 3-bedroom REO ranch listed at $72,000 to a 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 $287,302. The average days on market for these homes is 186 days. For the month of January, there were 22 new homes listed for sale in Wolcott CT.
There are currently 8 homes under contract in Wolcott CT. The average list price for the homes under contract is $209,925 with average days on market of 55 days.
In January 2016, 8 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 $289,175 with average DOM of 86 days.
By comparison, there were 3 closings in Wolcott CT for the month of January 2015, with an average price of $193,633 and avg. days on market of 59. This would indicate that for January 2016 the number of homes sold was greater by 5 units than the comparable period in 2015 with a 50% increase in average value but more days on market.
For the year 2015, the market sales or absorption rate was 15 sales per month, with an average sales value of $214,891 and average days on market of 76. Using the yearly 2015 absorption rate, the current inventory of homes is equivalent to a 7+ month inventory.
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.
Wolcott CT Real Estate Sales Report for January2016
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