Market Statistics for Wolcott CT February 2016
Currently in Wolcott CT there are 118 active residential listings for sale. They range from a 1,152 square ft, 3-bedroom ranch listed at $72,000 to a 3,039 square ft, 4-colonial listed at $699,000. The average list price of the homes currently available for sale in Wolcott CT is $278,562. The average days on market for these homes is 155 days. For the month of February, there were 9 new homes listed for sale in Wolcott CT.
There are currently 12 homes under contract in Wolcott CT. The average list price for the homes under contract is $257,433 with average days on market of 83 days.
In February 2016, 8 homes closed in Wolcott CT. They ranged from a 826 sq ft, 3-bedroom ranch, which sold for $119,000 to a 2,210 Sq Ft, 3-bedroom colonial, which sold for $279,900. Average sales price of the homes that sold was $180,550. Average DOM of 111 days. The closed properties had a sales price to List price ratio of 96%.
By comparison, there were 10 closings in Wolcott CT for the month of February 2015, with an average price of $160,840 and avg. days on market of 84. This would indicate that for February 2015 the number of homes sold was 2 less than for the comparable period in 2015 with a 10% increase in average value but with 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 $215,735 and average days on market of 76. Using the average sales value for 2015, the current absorption rate is 8 months of inventory which is still a buyer's market.
The graph demonstrates the average monthly sales value in Wolcott CT for 2015-2016 with strong fluctuations from month to month. The values in Wolcott CT are not stabilized as yet.
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 February 2016
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