Market Statistics for Wolcott CT June 2016
Currently in Wolcott CT there are 135 active residential listings for sale. They range from a 974 square ft, 3-bedroom REO cape listed at $69,900 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 $284,919. The average days on market for these homes is 145 days. For the month of June, there were 29 new homes listed for sale in Wolcott CT.
There are currently 25 homes under contract in Wolcott CT. The average list price for the homes under contract is $257,304 with average days on market of 43 days.
In June 2016, 20 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 $228,490. Average DOM of 91 days. The closed properties had a sales price to List price ratio of 98%.
By comparison, there were 27 closings in Wolcott CT for the month of June 2015, with an average price of $195,181 and avg. days on market of 41. This would indicate that for June 2016 the number of homes sold was 7 less than for the comparable period in 2015 but with a 12% increase in average value but with longer 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.
For the second quarter of 2016, the market sales or absorption rate for Wolcott CT was 17 sales per month, with an average sales value of $235,708 and average days on market of 91. This rate with the current inventory would be a 8 month absorption rate. The current market is still considered a strong buyer’s market.
The graph demonstrates the average monthly sales value in Wolcott CT for the previous 12 months with strong fluctuations from month to month, and a tend to decreasing values over the last 4 months 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.
Wolcott CT Real Estate Sales Report for June2016
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