Ed's Chesprocott Region Blog: Wolcott CT Real Estate Sales Report for January 2016

Wolcott CT Real Estate Sales Report for January 2016

Market Statistics for Wolcott CT January 2016

 

 Wolcott CT Real Estate Sales Report for 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.

 

Search for Homes 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.

 

 Wolcott CT Real Estate Sales Report for January 2016

 

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.

 

 Wolcott CT Real Estate Sales Report for January 2016

 

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.

 

Homes for sale in Wolcott CT

 

Wolcott CT Real Estate Sales Report for January2016

 

Search for all Connecticut homes 

Subscribe

 

 

 

 

Do you know somebody who is behind on their mortgage and doesn't know what to do? I may be able to help them, especially if they are facing foreclosure!

Get Help with Short Sale in Connecticut

    www.ctshortsalesilva.com

 

 

 

 

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 • February 26 2016 06:08PM

Comments

Hi Ed.  OMG!  186 days is awful.  What is going to take to get NE CT moving?

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

Ed, I don't like see the days on the market going up, but it was nice to see the big increases in sales and average price.

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

Hi Ed, great Wolcott CT Real Estate market report. 

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

Ed very interesting your market is lagging behind by about a couple of years compared to my market... so if you see what goes on here you can anticipate what you will get in two years... that is a good knowledge to have...Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 1 year ago

Good morning Ed. Still a pretty tough market all over Connecticut, Wolcott is just typical to what is going on throughout. Nice job with your report.

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

Participate