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

Wolcott CT Real Estate Sales Report for May 2016

Market Statistics for Wolcott CT May 2016

 

 Market Statistics for Wolcott Ct May 2016

Currently in Wolcott CT there are 137 active residential listings for sale. They range from a 888 square ft, 1-bedroom ranch listed at $84,900 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 $282,514. The average days on market for these homes is 148 days. For the month of May, there were 19 new homes listed for sale in Wolcott CT.

 

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There are currently 14 homes under contract in Wolcott CT. The average list price for the homes under contract is $229,688 with average days on market of 127 days.

 

 Wolcott CT Real Estate Sales Report for May 2016

In May 2016, 17 homes closed in Wolcott CT. They ranged from a 1,080 sq ft, 3-bedroom ranch, which sold for $78,000 to a 1,828 Sq Ft, 2-bedroom colonial, which sold for $362,000.  Average sales price of the homes that sold was $233,237. Average DOM of 95 days. The closed properties had a sales price to List price ratio of 99%.

 

By comparison, there were 16 closings in Wolcott CT for the month of May 2015, with an average price of $246,575 and avg. days on market of 126. This would indicate that for May 2016 the number of homes sold was 1 greater than for the comparable period in 2015 with a 1/2% decrease in average value but with less 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.

For the first quarter of 2016, the market sales or absorption rate for Wolcott CT was 9 sales per month, with an average sales value of $224,691 and average days on market of 83. This rate with the current inventory would be a 12+ month absorption rate. The current market is still considered a strong buyer’s market.

 

 Wolcott CT Real Estate Sales Report for May 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 are not showing signs of improvement or consistency.

 

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 May2016

 

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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 • June 23 2016 07:37AM

Comments

How do you see your local marekt in 6 months?

Posted by Harry F. D'Elia, Investor , Mentor, GRI, Radio, CIPS, REOs, ABR (Real Estate and Beyond, LLC) over 1 year ago

Good information on the Wolcott real estate market.  Anyone looking to buy or sell should call you.

Posted by Chris Ann Cleland, Associate Broker, Northern VA (Long and Foster REALTORS®, Gainesville, VA) over 1 year ago

Good morning Ed. A struggling market, like many other Connecticut towns. Maybe will will see a sellers market at some point?

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

This is a great market report, Ed. Lots of relevant information you have here for those buying and selling homes in Wolcott CT.

Posted by Nestor & Katerina Gasset, Realtors, Wellington Florida Homes For Sale (International Properties and Investments LLC) about 1 year ago

Good morning Ed - thank you for sharing this market report for Wolcott!

Posted by Wayne and Jean Marie Zuhl, The Last Names You'll Ever Need in Real Estate (Hallmark Realtors) about 1 year ago

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